HI guys, I’m sorry for the absence, I’ve been busy, but I’ll try to keep posting on a daily basis.
I’ll be back this afternoon to post my view of the market, of course for you guys to complement.
Chizzenpips, I’ll check on your charts to see if I can see a gartley on your counts.
Thanks and happy trading.
4hr chart. Looks like a promising pattern, if that’s the case, we could switch to the one hour chart and look for opportunities to short the dollar until our major D gets hit.
My appreciation is that we’re facing the development of the first impulse wave after a big correction (see daily chart).
If I’m wrong and this is a corrective move, we still have a great possibility for a nice trade.
100310_102xgmt: Since I’m holding up the info pipe I figure to throw in current charts. The E$, and the Gbp’s are yesterday’s London Breakout session, at break of lower channel G$, rather late entry don’t you think? Thanx for confirming, lets see. The EY I had jumped out, but back in today. Have to pimp the DJIA charts alittlebit.
WRTM_19, I need your help in identifing possible D, I have been sitting yesterday and I must have watch that video a few times but just cant figure where the D sits. I am going to give an explanation in a point form and please correct me if I am wrong.
I am going to use EUR/JPY 4 hours chart to make thing easier for you to understand.
Draw fibs from extreme top marked X to extreme bottom marked A
step1.jpg picture by pullice - Photobucket
Draw fibs from A to B. C point will be determined above 0.518 of this fib
step2.jpg picture by pullice - Photobucket
delete fib from A to B. Draw fib from B to A. move fib (B to A) to the bottom of C candle. Would D be at 50% of X to A fib because the 2 fibs are close together?
step3.jpg picture by pullice - Photobucket
if this is correct than can you please assist me where would my order be precisely?
step4-1.jpg picture by pullice - Photobucket
Sorry for the links for pictures, still learning how to post charts directly
thanks
092xGMT: 110310: I still have this one from yesterdays, should trail SL behind KijSen H4, looking to harvest half at 125.00 or there about. See the G$, wave ii correction of (5) then three down, how do you think?
Hi Pullice, I’m glad to help, here’s what I see.
Correct.
Correct, although I skip this step, I go directly to 3, and just put C where an identifiable swing is made.
Correct, that’s the kind of convergence we’re looking for. In this case convergence is wide, but we’re talking about a major pattern.
The ideal situation would be a convergence with difference of no more than 5 - 6 pips, but this is a good one taking in consideration the timeframe. If you change to daily chart, you’ll still be able to see the pattern.
Zoom out your chart and watch how our D has been a significant support point in the past.
Also the 50% level is not a fibonacci level per se, but an important level by how traders take it in account. So more than likely we find some sort of support/resistance behavior at this level more of the time.
Hope this clarify some of your questions. 
Price has already broken a triangle to the upside. Will we see a re-test of the upper trendline before resuming up?
No problem, copy/paste the IMG Code directly in your post instead of the url and your chart will be shown bigger.
Thanks Wrtm_19
I really appreciate the the help, I am out for the weekend so I will post some patterns by Monday, so you could help me see if the patterns are correct.
Once again thanks a million.
thanks mate, i hadn’t noticed this gem.
Lol, no longer valid, but had great potential
Swissy 4hr chart is presenting a great pattern on its way. If that’s the case it would be great to look for opportunitties to short the pair. I would only consider it valid if it makes a good ab=cd pattern in time, that would confirm validity of my choice for the AB leg.
I stayed up overnight on Finest-Trend Trading (all trolls got banned, sad waste of posts & honorary stripes), didn’t realize I was falling behind. I’ll go doze 3hrs, up just in time for London-Breakout.
093x/120310: The Gbp is setting up for a shorting, and where it goes the Eur might follow abit? Now, the E$ and $F are near-perfectly inversely correlated, and by shorting $F one would be trading in the opposite precision? I have zero current analysis on the pair, though.
Yeah I’m waiting for a set up to short the cable. Sorry for the messy chart.
If by $F you mean the Swiss Franc, you’re right, but here’s my view on the pairs.
Euro and cable I see a downside bias in the very short term (next hours, days), but we’re in the early stages of a massive movement to the upside from what I can see in the long term.
And that movement I can see it more clear in the swissy (to the opposite side of course, previous chart posted). I’m looking to short swissy but I don’t have a clear set up that indicates me to go short right now, but if the long term trend continues down the opportunity will show itself.
So yes taking a long on euro and a short on swissy would be totally nonsense because of the negative correlation, but I’m not looking to trade both pairs at the same moment. Sometimes (I think) one confirms the position of the other. In this case, short term bias is confirmed by cable, and long term bias is confirmed by swiss franc.
Lol by re reading my own posts I realize how my english writing skills are getting worst in time :eek:.
I apologize for that and I promise I’ll put more attention to that.
Hey Wrtm,
Did you notice these two patterns on the euro monthly? Suggests to me that we could go a lot lower.
Lol no actually I hadn’t until you posted them, thanks!
Maybe our grandchildren could trade them haha.
