thanks Tsing Tao for Dec 20 session DaytoDays trading M: Down W: Up ? D: Up ? 4H: Up 60: Up a longer than usual ramble is in the attached pdf together with charts Oanda and Alpari NY/MT4 demo say no holidays closings, regular trading hours - check Your broker. CME Globex: http://www.cmegroup.com/tools-information/holiday-calendar/ Analysis: 3:00pm when I look at the Daily I can't help but wonder if the price is going to form the right shoulder of what turns out to be an H&S my original analysis for today was this would be a Down week, now I've reversed my opinion and thinking Up, or at least Mon should close Up if the price rallies up to Friday's H-L rf 50 it will go to 1.3245 which is above the lower 61 it could also through the week rally back up to Friday's H in series of waves that would resemble the left side of the price, stretching out to the declining lrc by Friday which contains the Nov 30-Dec 13 rally, and why not, holiday week, shouldn't be anymore PIIGS doo-doo coming out for a while, and save the Sell for the New Year charts: D . 4H . 60
Subscribed. Here is my take on EURUSD. "Permanent debt crisis tool" is due in 2013, that's 2+ years for PIIGBS to last afloat? I doubt traders will think that to be realistic. I am guessing here by suggesting that Germany told others they will bail out other countries, but in the mean time they need to expand export sector with help of weaker Euro, hence no immediate solution has been agreed upon. <img src=http://i56.tinypic.com/2j1mycw.jpg>
for Dec 21 session DaytoDays trading M: Down W: Down D: Down 4H: Down 60: Down My 5am CL took about 25m to complete so that's not too bad, and I got a good Buy signal off the 60 analysis; about the same amount of time this afternoon last night the 6E was too thin and I stopped trying to trade it. this morning I got up at 4am but after a late Sat night, late sleep-in Sun morn, and only an hour's nap on Sun night. between about 7 and 9am I made 15 6E demo trades, gross profit $1075.50 and net profit $728.00 , 10 wins 5 losses, av length of trade 6.3mins. the high totals are due to making a couple of 'rogue trades' mainly to recover losses and gain a profit, where I went as high as a 4 contracts trade. I had fxt, mt and nt open and it was a bit of a struggle at times moving back and forth between them, and 'time outs' when updating the charts in mt, so missing some potential trades. don't know if using 2 monitors would make a difference. fxt was actually redundant, should have closed it. I was using a 10sec chart in nt and I think that setup is workable to use my system to trade the 6E. but nt is just Not as practical, fast and efficient to operate/use as mt so nt alone can't be used, mt Has to be the base for trading my system, which would apply to any other charting program that can't match or better mt crashed about 9:30 this morning and didn't wake till 3:00 this afternoon, don't know if I'll be tired enough to get to sleep early tonight, I'm sure as 'ell not moving back east Analysis: 4:30pm obviously yesterday's 'analysis' - huh ! was crap, should have stuck with the original on the ms Daily, the price has been travelling down that outer .618 sec since Nov 19 and yesterday's L was down to the white 76 cf, so if it breaks that it's more downside since the price is about midway between the 61s and 76s I'll say Down
for Dec 22 session US GDP Wed 8:30am EST DaytoDays trading M: Down W: Down D: WWs still Down - but an Up ? 4H: Up for 3 or 4 bars ? 60: Up ? Analysis: 4:00pm 4H currently sitting on some sdcs, and wondering if the price will base, if so the rally may go to 1.3118 a 38 of the H14:30-19:30 rf, 50 at 1.3132 , also watch for 1.3150 otherwise the 76 is down around 1.3030 thinking about Wed being UP, Thur Down, Fri UP, but not necessarily Daily going to Up bars, more the 4H, thinking being influenced by the 4H 'left shoulder' couple of very good signals off the CL yesterday I'm starting to look at if using the CL will provide a 'best trade strategy' the CL information's coming off the charts of course but the CL is concentrating 'fact-thinking' about the price movement from the accumulated system components rather than speculating about waves in order to determine price targets
some changes - if 'views' are individuals reading the thread once, then less than 10% download the attached charts, so I'll no longer post charts. - I'll also drop fibos, secs, etc from the analysis. - based on last weekend's pdf downloads, Nobody's interested in my 'ramblings' and I can only say that I'm shocked, shocked, and will no longer ramble. - I'm going to try for 3 updates per session: 1st: around 2-3pm PST - H23:00/00:00 2nd: around 11pm PST - H08:00 3rd: around 5am PST - H14:00 - will be trying to post a price target and a time target - time using HXX:XX since this is universal for *most mt users. *some brokers may be using a different server time - for update notification 'subscribe' - bottom left and "receive an email whenever a new post is added to this thread . . ." Analysis for Dec 23 session: 3pm/7pm: possible low of 1.3103 - 1.3097 ? at H05:00 ? rally begins again at H06:00 ? high of 1.3135/40 ? at H08:00 ? a possible run up to 1.3150 ??? several US reports at 5:30am H14:30 , notable Jobless Claims today is the last trading day of the week for all non fx markets
Analysis for Dec 23 session: midnight currently no clear signal difficult to call here, possibility the price will drop to around 1.3122 at H10:00 , a correction before a new high, possibly up to 1.3215-1.3250 , which seems too Large a run to occur before the end of the session; could the price carry on up from here ? possible the price drops to 1.3090 then begins a rally during the Friday session then there's the possibility the price goes to 1.3182 from here
Analysis for Dec 23 session: 5:15am bit late so a brief update in advance of the Jobless Claims that they 'May' be more positive than expected and will therefor provide a reason for the euro to decline first target is 1.3003, lower 1.2987 price may decline into the close, or base to the close once a low is established
For Thur Dec 24 session 5:00pm a toughie. overall a possible series of up and downs range, a Lot of sideways, a low to the 1.3100 area by H4:00 ? - and guesstimating being blown out of the water by 28 pip drops in a couple of secs with immediate reversals, not to mention the possibility of taking a hit, and increase in the spread, currently 4pips at Oanda although the price didn't close at 1.3091/88 , perhaps there'll be a slower decline to a similar low until H5:00