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Xerof
Still short EUR + 113.....not much movement overnight
I think the guy behind Karoll is Dimo
Dimov who at one time posted on the EW
Forum under the member name Dimo.
I have not followed his picks so cannot
comment on the quality of his work,
although I understand he uses Neely's rules
for wave counts from the book....
Mastering Elliot Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory.
arco
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Euro has moved through a possible support level
at 2940 and is now showing +206 pips.
Expecting a little rest here around 2879 while
it tests the change of polarity circa 2940.
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looking more and more like a reasonable hold for the medium term Arco - 1.2770 first target, then circa 1.22?
Hope I haven't put the commentators curse on it !
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Xerof
There are multiple targets but IMO next main support
could be circa 2695. Minor support perhaps around 2817,
with Fibonacchi projections as low as 2207 at the moment.
What I really like is the oscillator which is negative zero.
(It may be possible we see a test of polarity on that).
arco
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Stopped out at +147 pips.
As I mentioned earlier
"It may be possible we see a test of polarity on that".
.........which appears to be the case.
Will remain flat for the time being.
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Got that one right:)
Shorted at 1.2954 (could have been better)
currently 1.2869, 170 pips
Slam
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slam u brought 2 contracts?
85 pips x 2 = 170?
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Hi Dazza
Yep sorry 2 contracts at that price[:I]
Got a bit excited there.
Also brought 2 more at 1.2930, and another 2 at 1.2919.
Got a tight stop on all 6 until I see what happens around 1.2780
If it goes through that resistance ok, may head south to circa 1.22? as the other guys have said.
Cheers
Slam
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Arco, sorry about the commentators curse:(:( - shall refrain in future;)
Xerof
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No problem Xerof......
a profit is a profit....always a chance
to board the next train south.
arco
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Actung. Zis looks verry interesting. Ya?
http://www.elliottwaves-online.com/d...2-EURUSD-m.gif
But is it right..............?
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Well, for what its worth, my longer term view is actually similar to that chart.
Don't know about the fine tuning, but I believe USD will rear its head in near future and we'll see EUR down to 1.15, maybe 1.10, then it'll turn for HUGE long term rally to 1.50/1.70.
This is based partly on long term charts published by people who have picked the 'big pictures' very well in the past, and partly on fundamentals - very simply, the USD will have a relative growth/rate advantage for a few quarters, then they will have to inflate or die, as the series of tightenings take a grip and burst a few asset bubbles. This, combined with the deficits will turn the dollar around.
Dr G is walking a tightrope and will not deliver IMO.
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yeh i'd kinda go with that xerof
tho from a trading perspective it doesnt really help me coz i am too short term oriented.
But do see US accomodative monetary policy of last few years as seriously coming back to bite their ****.
I was short Eur into NFP
a bit risky but paid off ;+
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Well done Peat.
I'll be looking to sell a recovery back to 1.2880 area now. Currently no position in Euro
Xerof
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sell a recovery ??
you mean wait for the retracement back to 2880 then short again.
I am still short... with stop profit at 2838 but wondering about this now.