That's the best wave count I can get for the euro.
If wave 3:3 is going to be at least as long as 3:1 we won't see any significant corrective move down, on a daily timeframe, until the area around 1.3440 is hit.

and there it is....pretty cool

never underestimate the power behind the move

Originally posted by jimkane

Everyone,

What I described is nothing but the methodology applied as I have discussed in here in so many posts. I think I was just funning in the way I said that, I wasn't trying to make it sound like I thought it was an unreachable dream. I kinda meant it like it's what traders of the methodology are trying to do every day, look for things that set up that nicely, and go to work. I thought it was highly tradeable, such that if one was a strict adherent to the approach, one would 'be all over it'. I'm not saying anything here designed to make anyone feel bad if they didn't catch some of it, only that I need to be clear, the LOD, the checkback, the place the checkback hit, the place it 'topped', that was all described well by the methodology, in my opinion. This is what it's all about. Sometimes it's hard for me to have some fun and add some color to my writing, or to be sarcastic, without it being misunderstood...

Originally posted by albert

Originally posted by jimkane

And there's another new high. Imagine how happy one would be if they took that little bullish ABCD at the .382, with that awesome trigger it had (or simply rode it out with the long off the LOD). Just imagine that...

I imagine one would be pretty happy if one traded in a manner like you describe. I imagine it would require a lot of discipline and control to trade in such a manner. It is fun to imagine.

Al Kamego

Jim, I am sorry for the misunderstanding my words caused. I apologize.

Sincerely,

Al Kamego

No need to apologize, Al, I was just making sure what I was trying to say was clear to everyone.

Okay, like this isn't going to try to at least sweep those stops above 71.50...

And to top that off, I have 72 (up to maybe 74) as a HOD using a completely separate technique from the KT methodology, in case it does go up. That doesn't say it will go up, only that if it does, that's an area I'm watching.

They want to run this here and sweep those stops soooooooooooooooooooooooooooooooooo bad.

The curious thing is if they want it so bad and if this 'fails', could some bears be resurrected from the grave and have it sell down an actual two or three points? I doubt it, but you never know.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

I'm getting soooooo tired of this lack of volatility.

Watching for the 'fail'...

in the context of knowing the odds of closing at an extreme on an opex friday you had to kind of expect a midday low and squirt up into the close....fib city at the low too