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Thread: EUR.USD

  1. #31
    action-reaction arco's Avatar
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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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  2. #32
    action-reaction arco's Avatar
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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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  3. #33
    Kanga ru Xerof's Avatar
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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 !

  4. #34
    action-reaction arco's Avatar
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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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  5. #35
    action-reaction arco's Avatar
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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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  6. #36
    Senior Member slam's Avatar
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    Got that one right
    Shorted at 1.2954 (could have been better)
    currently 1.2869, 170 pips

    Slam

  7. #37
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    slam u brought 2 contracts?
    85 pips x 2 = 170?

    Oil - NZO
    REE - ARU
    Copper - EQN/OXR/TMR
    Iron- AGO/ADY/UMC
    Nickel-WSA
    PGM/Gold - PLA/VRE

  8. #38
    Senior Member slam's Avatar
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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

  9. #39
    Kanga ru Xerof's Avatar
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    Arco, sorry about the commentators curse - shall refrain in future

    Xerof

  10. #40
    action-reaction arco's Avatar
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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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  11. #41
    action-reaction arco's Avatar
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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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  12. #42
    Kanga ru Xerof's Avatar
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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.

  13. #43
    Guru peat's Avatar
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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 ;+

  14. #44
    Kanga ru Xerof's Avatar
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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

  15. #45
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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.

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