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RamsesII replied May 18, 2011This is an "IF" price stops at 'd' and comes down to 'e' we should see a nice breakout either way.
EURUSD
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RamsesII replied May 18, 2011it would have been a great entry for a standard a-b-c correction but now we have overlapping waves so i don't like it any more.
EURUSD
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RamsesII replied May 18, 2011ok, to get to X below exactly what count are you seeing short term that will allow that?
EURUSD
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RamsesII replied May 18, 20114246* is the ideal long entry, much more below that and the count would be in jeopardy
EURUSD
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RamsesII replied May 18, 2011Well I believe that 5 would be done and we'd go for the full correction due to how I counted the subwaves. Check back on my charts for the subwave count.
EURUSD
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RamsesII replied May 18, 2011That entry would've been very tight as in 3 or 4, but it's always dependent on the setup
EURUSD
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RamsesII replied May 18, 2011This is what I mean, anyway I' didn't take the short but I'll be looking to buy if we get a nice 5 wave move into the 382 retrace which also happens to be C=1.618*A
EURUSD
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RamsesII replied May 18, 2011I'll be looking to short 1.4285 (b=1.382*a) from this count, with a tight stop looking for 30-40 pips to the downside
EURUSD
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RamsesII replied May 18, 2011looks like truncated last 5 double top, and now in wave A to start the correction
EURUSD
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RamsesII replied May 18, 2011hmm, makes me a tad worried about buying euro, i'll jam this stop in any case edit: decent bounce off the 38.2. I'll look to buy more around 35-40
EURUSD
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RamsesII replied May 18, 2011inverse h&s setting up on the 1min if we bounce from here or a bit lower, neckline is at 35
EURUSD
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RamsesII replied May 18, 2011diamond reversal pattern has to see price create the diamond, not just some trendlines around it
EURUSD