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Crassius replied Jan 9, 2013It wants to happen... will we get the follow though? Breaking below the Kumo on the Hourly as well.
Euro/Dollar
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Crassius replied Jan 9, 2013Just took this off at BE.... I keep missing the entry on USDJPY, when price moves near the buy zone but fails to enter on USDJPY before moving higher... Price completely filled AUDJPY's buy zone and moved out to the upside and tempted me in .... ...
Euro/Dollar
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Crassius replied Jan 9, 2013I've been looking for a place to get into the JPY trade having missed an early entry by two pips... Just went long AUDJPY just above 92.00 stop below last swing low, which caught my favorite buy area perfectly, but I had my buys layered into USDJPY, ...
Euro/Dollar
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Crassius replied Jan 9, 2013Good morning... I got a good days sleep.... We are still putting in wave 2 in my opinion... Wave 2 should be in three waves, and a common fib relationship to wave 1, which appears complete at 3156 is the .618.... Wave 2 can retrace 100% of wave 1 ...
Euro/Dollar
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Crassius replied Jan 9, 2013Thanks.... I always am glad to see another person's chart... Its good to see other perspectives especially when they confirm my view with another method.
Euro/Dollar
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Crassius replied Jan 8, 2013Its late... been a hard days night.... You should be able to look at the attached chart and see what my thinking is without me typing it here.... Bottom of that base channel of wave 1 is worth a close look..
Euro/Dollar
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Crassius replied Jan 8, 2013GPBUSD looking exactly like the bearish scenario I expected today for EURUSD.... As the two are highly correlated, I am more and more hopeful we will start to see the weakness in EURUSD accelerate into a real down move in an impulsive swing lower....
Euro/Dollar
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Crassius replied Jan 8, 2013It took extreme patience, but the corrective nature of the rise is confirmed by the overlapping price action... It can't be a new uptrend, because they are formed by five wave structures such that wave 4 cannot overlap wave 1... ever. If the PA is ...
Euro/Dollar
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Crassius replied Jan 7, 2013I'm still hanging on to my interpretation of the swing from 3020 area as one Wave C of a corrective move up from 2999.... The swing from 2999 to 3090 area is clearly in three waves.... an impulsive move off 2999 MUST start with a five wave ...
Euro/Dollar
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Crassius replied Jan 7, 2013Thanks.. Yeah 3109 is strong reversal potential..... The band 1.3120/25 is very strong, reinforced by 1.3132.... There must be a ton of stops tucked up above there though.. they may prove too tempting a target to the market.... they may get run just ...
Euro/Dollar
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Crassius replied Jan 7, 2013C Wave shaping up nicely..... Completing the ABC correction off the 2999 low....
Euro/Dollar
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Crassius replied Jan 7, 2013Price action full of overlaps, which leads me to believe the down move off 3090 is still corrective action and not the start of another leg down.... This is 15 min data, so I am looking very very small degrees that would clean up at larger scale, ...
Euro/Dollar
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Crassius replied Jan 7, 2013Another possible pattern that can develop given the current waves in place would be a triangle.... this would form if selling is so intense that EURUSD can not make a new higher higher in wave C... Something to keep in mind as the chart draws out ...
Euro/Dollar
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Crassius replied Jan 7, 2013Here's the pattern from Prechter's... Remember that the 3109 projection is just a common fib relationship.... I think more important to the current positioning of EURUSD would be the rising base channel line in aqua... that may be a better target ...
Euro/Dollar
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Crassius replied Jan 7, 2013It appears that a flat correction is unfolding in EURUSD.... Flats are counted 3,3,5. We know that in corrections a common fib relationship is that wave C = Wave A... here that puts the end of projected wave C possibly unfolding now... at 1.3109 ...
Euro/Dollar
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Crassius replied Jan 6, 2013Here is the overlapping price action I was hoping for.... Overlapping swings are indicative of corrective waves (counter-trend).... It is not confirmed that we have eliminated the bullish count so far, because there is this pesky thing called an ...
Euro/Dollar
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Crassius replied Jan 6, 2013Too lazy at the moment to post a chart, but I am Bearish below 3125 and looking for overlap to occur in the swings (H1) off the 2999 low. I would really like to see some signs in PA that the move up from 2999 is corrective (counter trend) and that ...
Euro/Dollar