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MeInGraySuit replied Mar 4, 2013I think we still have couple more waves in this triangle...
Trading EURUSD only
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MeInGraySuit replied Mar 4, 2013It should be choppy for the next several hours on EU.
Elliott wave outlook
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MeInGraySuit replied Mar 4, 2013It is 8am here, but fish and chips sounds good to me for breakfast!


Elliott wave outlook
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MeInGraySuit replied Mar 3, 2013I only trade EU, but I think I have heard traders hedging with the loonie.
Elliott wave outlook
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MeInGraySuit replied Mar 3, 2013Agreed LC...Should have one more push down to complete. Your .2940 mark is probably going to be right on target, Nice Call! Then up to probably set up a head neck and shoulders pattern. You mentioned earlier that .3700 might be an eventual push up ...
Elliott wave outlook
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MeInGraySuit replied Mar 1, 2013Good Morning all. Looks like we are going down further on the EU. I just closed out of another +85pips. Thank you EUR/USD!!!

Elliott wave outlook
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MeInGraySuit replied Feb 28, 2013Yes, it is a possibility. Like I said in an earlier post, EW says that usually one impulse wave is an extended wave and it is usually wave 3. This senario we see wave 1 and wave 3 are similar, so there is a possibility that this wave 5 is extended, ...
Elliott wave outlook
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MeInGraySuit replied Feb 28, 2013By the way I am out of the EU trade. Bad news I didn't reach my target. Good News +96 pip profit!! There have been 5 distinct waves so I took off my trade, but it makes me believe that we are still not done and we might be just on the first leg of ...
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Do you think we will have enough push to get to .2950? I hope so.
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Also check out the bearish divergence on the MACD on the 15 and 5 min charts.
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Yep, on the hourly I see 5 waves up on the 5th wave, so she should be finished.
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Ok here is what I have. Wave 1 of C and 3 of C are about the same, however, wave 3 is about 7 pips longer, so wave 5 may give us 38.2%, 50.0% or 61.8% of wave 1 and 3 combined, starting at the top of wave 4 for measurements (for the newbies). So we ...
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Olu, you need to push it fast before Franky open. I think there are alot of people that want US equities to fly past that 14k number and that might happen tomorrow. So keep pushing. Now let me do some calculations on the 5th wave ending....
Elliott wave outlook
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MeInGraySuit replied Feb 27, 2013Is the EU going to hold the magic .31668 Number????? My sell limit hit .3155. We need OLU to push it down now.
Elliott wave outlook