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[and then] 26/1/2012 17:29

Loonie target hit as per above;

[and then] 26/1/2012 10:35

Audi target (as per above), 1.0682 achieved;

[and then] 26/1/2012 06:50

and then - 25 Jan 2012 - 20:51:25 - 130049 of 130094

Trigger for Dow, target of 12905, Audi target; 1.0682, Loonie, initially 0.9990, slightly longer; 0.9904...

Hmmmm such bullishness, should that scare me as im way above my 3% per trade rule!

[and then] 25/1/2012 14:57

I keep talking about the importance of watching the last LH's/HL's,(Short/Long), for clues to future PA, break/retrace/drop, (short & vica versa; long)
It generally also works for the corrective ABC cycle at the end of an advance/decline, (not usually 4th waves).
The beauty here is that the system designates the target price, but is also accurate to look for a reversal, Interestingly it gives no trigger to the long side (counter-trend 'B') after completion of 'A'. The system puts you into the trend and therefore wants to keep you out of a short leg;

[and then] 25/1/2012 12:55

FFs, target was 70 pips and line top was 5778, so bottom line was 10 pips too high at 5698, should have been 5708. That was a good set-up then!

*puts new batteries in calculator*

[and then] 25/1/2012 09:45

At the time of last post, 5750 looked to be giving resistance, but it wanted higher, so be it... lets see how this pans out;

[and then] 24/1/2012 20:01

(Not a system trade)



*ooops last HL*

[and then] 24/1/2012 19:48

Its getting intersting out there, the Euro looks to be building a set-up for higher, however there was a decent bout of ND on the rise this morning, meaning we should be heading down... i'm not convinced the subsequent pullback since has been enough... oh well, no trigger, no trade!

[and then] 24/1/2012 17:11

Joe, nothing set-up wise i'm afraid bloke, (well only a weak possibility of 15034, but not strong enough to trade); the take out of the last LH (00:00 4hr candle 16th Jan), before the current LL should mean higher to come short term and may support that call, (perhaps a few hours of chop/consolidation for now), but it would only seem to be a corrective move within the downtrend. There simply wasn't enough divergence at the low to be a trend change... Aimho of course.

I am starting to monitor several pairs now so will keep checking in, only want to trade the best looking set-ups from now...

[joe moon] 24/1/2012 16:51

good call on the 555 audi at

gbpaud ..whats the latest from latvia on that one

[and then] 24/1/2012 14:11

The higher calls for the Audi were on larger time charts and don't match up to the length of the set-ups. The certainty was the 1.0555 call and the Euro; 1.3030, these were the minimum prices to be printed before any retrace could occur. Don't ask me how i knew, its down to the system.

Now last nights post may start to be making some sense;

'If we are starting some ABC moves, its likely to retrace back below the 4th wave; for the Audi, that means another retest of the daily trendline that we have just broken out of on Friday. That will become pivitol if the case. If no clean bounce, then i think we can start to look down with conviction...'

It certainly looks very much as if the Audi was a fake out. The rule is no two full daily candle closes above the line, (and that excludes a Sunday night open). Being back below the line gives a bit more to think of... 10382 now becomes important

[and then] 24/1/2012 12:11

and then - 24 Jan'12 - 11:02 - 129354 of 129365 edit

Possibility of Euro dropping to around 12850 area late today/early tomorrow...

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Ok just wanted to expand on my thoughts! Highly speculative for now, but;
If this is an ABC corrective move as i (and others) suspect, than it really wants to be ending soon. I wouldn't expect it to take out the previous high, (as indicated on the chart), the top circle shows we did indeed get close this morning, therefore the top may be in already. What we need now is a small ABC corrective move short to create a touchpoint at the desired angle. My ficitious lines at the low of the second red arrow would be ideal. We can then head north for a small 5wave before dropping and continuing our decent...

[and then] 24/1/2012 11:05

and then - 24 Jan'12 - 11:02 - 129354 of 129354 edit

Possibility of Euro dropping to around 12850 area late today/early tomorrow...

[and then] 23/1/2012 20:46

One for tomorrow/Wednesday. Large Positive Divergence can lead to trend change, but Hidden Divergence will override it, if formed, can't help thinking this will become a nice set-up;

[and then] 23/1/2012 20:32

Trouble is i'm seeing aussie strength everywhere i look, makes me think it will indeed be a clean bounce of the TL and up, certainly have a decent set-up suggesting 1.0595 is coming... Need more evidence i guess. The last set-up was a beauty, wish i could find one of those every day...

[and then] 23/1/2012 19:51

There's a couple of things i'm noticing, namely the lack of longer term targets for the Audi and Euro, coupled with Cable's weak showing, i should explain, normally i will have cover on a larger time frame with a higher TP, but that's not the case right now; that makes me wonder if we have now turned already... Obviously that will only show itself with more evidence and i would need last significant LH's to be taken out for confirmation.
If we are starting some ABC moves, its likely to retrace back below the 4th wave; for the Audi, that means another retest of the daily trendline that we have just broken out of on Friday. That will become pivitol if the case. If no clean bounce, then i think we can start to look down with conviction...

Early days yet, but just flagging it up. Plenty of things to watch out for...

[and then] 23/1/2012 11:40

and then - 20 Jan 2012 - 09:42:05 - 128274 of 128610

Would have liked to see the retrace earlier and although there is still a possibility of this being a 2B, i'm getting my initial deep pullback required;



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and now;

[and then] 22/1/2012 15:00

Audi target hit, plan from Friday;

and then - 20 Jan'12 - 20:24 - 910 of 916 edit



A higher TP of 10608 has just been triggered... (obviously with the corrective waves along the way)

It wouldn't surprise me to see a gap down to retest the breakout trendline and simultaneously; entry price for the recent set-up on Sunday night.

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and then - 20 Jan'12 - 21:13 - 911 of 916 edit

So incorporating the lessons of the last couple of weeks into the system, we can expect the top of the 3rd wave soon, possibly at close tonight. Maybe a gap down indeed to start the 4th wave on Sunday night. In this instance, currently i don't feel like banking the points available right now, in case i'm wrong. Possibly the 4th won't be a very sharp pullback. Its true however that the contrarian factor should mean banking those points tonight, avoiding any weekend charges, (although being long on the aussie should give interest shouldn't it?!) and getting back into the trade possibly lower than current on Monday, when confidence in the trade is waining.



et voila;

[joe moon] 21/1/2012 20:41

lol

im just jealous

[and then] 21/1/2012 20:39

Moderator mutha focker

[joe moon] 21/1/2012 20:34

(although being long on the aussie should give interest shouldn't it?!


does with some not others