PipTrapper, I got in @ 1.5912 with my first order, the next (and larger) order was limit triggered @ 1.5897, but the action is completing above 1.5900 which is adding suspense... i have M5 PA in wave E of a triangle set to complete around 1.5917 and ...

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based on structural breakdown in the chart I just decided to go short GU again ahead of FOMC. There's the guy from shOanda right in front, making sure my order gets executed fast image

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the times they are a'changing... both pre-planned and unexpected moves happen when everyone least expects it.

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EJ - a few count options. With PA hanging around 132.00 and no compelling evidence of direction, it is only possible to outline 3 options for PA in the coming weeks. The 3 counts are color coded and annotated so should be self-explanatory. Note that ...

EurAnalysis

to qualify as Official Soothsayer and "Looker into the Future", PC has to get BOTH cause AND outcome correct. Ready when you are, PC!

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actually, the idea of baring my account for the entire FF membership to see makes me feel like that dream where you go to school naked!

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Marcus, sympathy and mutual annoyance: S&P500, after stopping me out hard this Monday morning, is now coming down from its lofty heights like it doesn't want to be up there....

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yes, i remember that... and was thinking over the weekend: "what made pipcenturion say that?"

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erm erm.. here in front of everybody... ?

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...but i have a nagging feeling i should have spent the margin going long Gold instead of short GU... anyway GU is the more clearcut entry with minimal pips to invalidation.

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I'm in short. GU just having completed a diagonal as wave e of a triangle, there should be a swift move to 1.49. If PA exceeds 1.60 then the scenario i just described is invalidated.

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milam, what you posted there is true and it reminds me of a quote by Muhammad Ali which captures the same essence:

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Thanks DHT, i got your PMs! I see UJ battling 98.00 today and EJ at 130.50 as a result. This is good progress and if trend has indeed turned down, it could be for the next few weeks: EW count (which I will post) has few options for PA and requires ...

EurAnalysis

DHT, Hope you're well. I don't have analysis for EJ yet. Will post when I have a handle - as you say: PA is meandering and nothing solid to work with. As for the surprising news about Summers being out of the picture, I think this is a sign that the ...

EurAnalysis

thanks, infinitus, i liked that.

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had read this earlier. El-Erian, seems quite surprized that the bond market is becoming dislocated. His expectation seems to be that the US economy is "healing" and suggests the Fed is annoyed that it's taking so long! I don't know... healing from ...

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I've been trading 3 years - imagine: this is all i know... i'm yet to have my first solid meal! besides only knowing QE markets, all i have to relate to new traders is: "August, 2011 - now that was volatility..."

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Marcus, PT and friends, Cableguy sends his regards! He's around but can't post here because he's been "classified" If you want to pop by his thread: url

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