...and all he actually wanted to do is shoot an arrow at his target! we laugh at our rotten luck (Coyote) but the truth is: keep on swimming!

The Club!

by the way - and to get a communal EW count going: have a look at XAUUSD since today's low from 1,292. Notice on M5 how the rise starts with what looks like a 3 wave structure ("3w", to distinguish from wave 3) up, then a 3w structure down, followed ...

The Club!

hahaha! true! restricting movement to the horizontal has never been low risk for Wiley E... sometimes we feel like Wiley E Coyote, but ultimately there's a King Fu Panda inside all of us.

The Club!

indeed - unless your chosen instrument (like, say, EJ) only moves on the horizontal plane... image

The Club!

sods law! the movers i've been watching so far have been EU and GU. XAU and XAG have put in some distance, but my largest positions in UJ is a dud - complete waste of margin... and now underwater...

The Club!

nah DHT, divergence is hard to discern on these spikes, so getting into trades now is just a 50/50 gamble on direction

The Club!

typical... UJ reckons this is a good time to start correcting... probably those BoJ ink-jet buccaneers... Kuroda speaking later...

The Club!

USDZAR is flying but the bang for buck isn't good on that pair. Will look into AUD and SGD tomorrow if the post Fed trend holds... daylight-robbers...

The Club!

PT, smelling the glove with you on this. What a raw bloody deal... you were bullish USD for all the right reasons and the Crapsters pulled a confidence trick on us!

The Club!

why is every frickin' istrument hanging? The only Swearengen pair making headway is EJ and it's going the opposite way from the direction of my underwater shorts!

The Club!

DHT, Thanks for your chart and the buyer/seller info in a later post. I'm also ready to cut loose my deadweight shorts and this info helps a lot!

EurAnalysis

PT, sober evaluation.

EurAnalysis

hi Elite, EJ in suspended anime... no worries: FOMC will move it a few 100 in both directions! best of luck to you and everybody here.

The Club!

Thanks Scott, and good luck to you too. The chart is not as messy as you make it out - I think it's dense, but clear as to what you're uncovering. I wish i could stick to my resolution of staying out of this market until after FOMC, but i have a ...

The Club!

Infinitus, Thanks for this count link. Once I accepted that Gold is most likely going for a new low, i've been trying to get an entry and it took a few tries for an entry to stick without PA threatening a bigger upside correction. Seems the downside ...

The Club!

HI Scott, Glad you posted - this chart confirms a lot for me: i had the same TL and also had 1.596x as the reversal level based on a confluence of 3 Fibs drawn from the diagonal up. The current breakdown of the uptrend is messy and I cannot get a ...

The Club!

hi Islander, You know, i've never been on a live pit floor. The closest I've gotten is via pics like this and watching Rick Santelli shouting above the noise! I don't know if i would last long in that environment because I really need to concentrate ...

The Club!

i read this exact blog earlier today and have been following for about 3 years. The blogger is contrarian (which is ok by me) and an experienced EW analyst. Always useful to get a non-consensus view from him and follow his counting which he explains ...

The Club!