MyPivots
Sign In
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Kickin' it off with: 'Nothing to worry about, nothing at all. Nothing to see here, move along, folks.'

    http://www.zerohedge.com/news/2015-04-25/just-6-charts
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    (Edited )
    Yes. And then the second backtest of long-term lines at 1.1080. A very technical one in terms of lines and wave structure typical for the Euro ( I mean the correction to this area).
    Originally posted by jimkane

    It was amazing to me how the Euro coiled on that 1.10 area on say the 15-min chart, then simply exploded, came in for the backtest, and left it behind in a hurry. It's exactly what I was expecting, as mentioned before.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Quite a resistance here at 1.1230.
    I will place a chart as soon as Qcharts will enable me to save it...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    The chart.

    Click image for original size
    6e 2015 04 30 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Euro might reverse between 1.11 and 1.1120, after a nice ABCD.
    I prefer the lower side of this range.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    Click image for original size
    screen shot 2015 04 30 at 9 47 15 am png

    Click image for original size
    screen shot 2015 04 30 at 9 52 18 am png

    Click image for original size
    screen shot 2015 04 30 at 9 53 53 am png
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    Click image for original size
    screen shot 2015 04 30 at 10 01 39 am png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    They chose the upper band as a launching pad.
    Originally posted by MarcinO

    Euro might reverse between 1.11 and 1.1120, after a nice ABCD.
    I prefer the lower side of this range.



    Click image for original size
    6e 2015 04 30 2 png
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    That Euro ABCD was just suh-weeeet for us hack amateur Euro traders.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    (Edited )
    Yes, rat, I think it's time for crude now to respect the area on your chart and start down again. But given I think the Euro may have another thousand pips in it, crude may be ready for the acceleration phase now... I wish they'd both be done in here, but probably the new lows can't happen until everyone says they will go up forever, that was it, the bottom is in. No one is saying that on either, yet. Just some thoughts.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    BTW, I don't have to even mention how awesome the ES is right now, for trading, and just for dumping for me so nicely.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Armstrong seems to be lining up with my views as far as the Euro. It's all necessary so people will love the Euro again, then the descent to below 80 can unfold as things fall apart. When the SHTF it's going to make 2008 look like a walk in the park on a sunny day.

    http://armstrongeconomics.com/archives/30139