Just Charts

New week, new challenge,

Published on 2010-08-23 07:23:22

I do believe there is some corrective upside still coming, even more than this, however, better to be save than sorry. Exit over the weekend long with SP enough for me in here, exit 1075.

SPX, 1062 like 1.0618 (1061,8)

Published on 2010-08-20 12:01:59

And it indeed dropped some small more.I actually bot long with this 1062 as it seems to fit for some Neely theory impulse wave behaviour to breake it as 3 only and not five, but have no idea is it going to response anything and even if it would, is it going to drop more for last hour party.Extreme tight stops and trailing is the solution.It is low-odds setup rather than any good trading setup, because there is nothing, no patterns or anything available.

SPX,

Published on 2010-08-19 18:58:43

Well, something ugly indeed came down but also something beauty was also build.That´s not end yet. There is more to come because pattern is relative big and it does have in fact ratio for response impulse depending of the cont. triangle size. There is first MACD rollover now with current bottom but it doesn´t mean anything without divergence yet. Swing down is 2.618 by size.I think it is end of B wave triangle dropping C wave(s) down. Not calling "premature" end or any kind of tsunami in

Hmmmm,

Published on 2010-08-18 19:32:27

A little down by the end...What actually happened during the last 2 days was pretty easy by EW point of view if one is looking only one degree for it. We ended one 3.142 /3.618 impulse which was clear as damn with 1100 or just few points below to short.But what occured and ended with larger degree was open question and still is, there was in fact chance for much bigger drop as occured. This impulse took most simple ABC correction which on the next day was finished with ~1080 to reverse again. It

Apol exit, 41,30

Published on 2010-08-18 09:53:15

It is nice few percent jump or above by overnight, but I see too dramatic risk in here for general market, but that doesn´t mean I will pick it up later for long side again.Currently noise for me overall.Market Geometry

Bought my own APOL Chart,

Published on 2010-08-17 10:12:39

It retraced yesterday spike with my 78.6% ie. 40.00 $."man need to trust his own count"

Nokia, fifth running ?

Published on 2010-08-16 21:23:51

ABC Up Candidate - or W2

Published on 2010-08-16 20:38:03

Eurodollar,

Published on 2010-08-16 19:10:22

A few days off since it started to look a bit consolidation movement on last thursday and it certainly did, speaking of SPX of cource. Not much has happened on there.I did some manual calculation with pen and paper and ended with eurodollar hourly chart for some nice EW relations and sizes of impulse wave.With larger degree which is not marked in the chart it is possible that next higher W3 ended actually only with that blue box meaning with 3.142 size, suggesting we zigzag W4 in here and there

SP - Frozen,

Published on 2010-08-12 11:58:55

38.2% parking. It seems we are building new homes for everyone to this place - harldly moving anymore anywhere. While first impulse up is pretty clear with 5 wave sequence in normal situation I would consider this as A wave bottom which would lead for corrective upside B wave (50 % by price and time) but there is one additional issue which I do not like it and that little detail is that there is still that ending diagonal and ending diagoanals really end things, not just temporary.My best g

Aud-Yen,

Published on 2010-08-11 18:11:49

This does not attempt me much to find any reversals for it in here, it is after all just 4hourl chart and not that much larger.Looks more like a beginning something big rather than "end".The grey EW triangle is not necessary the case but something which I did modell as re-search, blue is of cource very, very real.Edit: Attatched Alternate IV cont. triangle.

Eur-Aud,

Published on 2010-08-11 12:20:35

Even plunge has been significant allready, are you ready even for much worse scenario, this is relative new wave setup ie. bearish cont. triangle placed for major timeframe.

38.2% reached,

Published on 2010-08-11 11:18:33

Might pause a bit or even reverse. It is QQQQ. SPX has not met key fibs yet, it is in the middle of 23.6% and 38.2%.Perhaps good exit now from short side for potential A wave bottom.

Eur-Yen,

Published on 2010-08-10 19:07:37

That indeed was action day. Those GU and EU hourly butterly really marked end of W5 - like twins.There was pretty strong reversal also but still expecting lower tomorrow besides EurYen also printed my cont. triangle for very major TF in here as 4H chart. With minium ABC is the issue.Good old bradley modelling, knew again today is reversal day like did that QQQQ ending diagonal also even there was decent fight also with next W2 (0.786) after huge plunge.Beware of EW flats, this bouncing might sta

+24 pips,

Published on 2010-08-09 20:51:48

Closed UsaCad now. I do not want to carry risk anymore of truncated fifth and it starts to reaching W3 top allready. Small and lazy to do any W5, but kind of nice trade for silent night.Back tomorrow, EU might come in fact very clear for FED since it is likely in very large scale W4 as mentioned before. End of A wave should be as next. In fact, I think first part is allready done in here with that 1.3185.Nights.

Decent Market "forking" with fibos;

Published on 2010-08-09 20:11:51

They do not fill actual waves but anyone with EW skills understand them a bit better what are options available;http://www.ratiotrading.com/2010/08/nflx-1000-return/

Bradley Graphic

Published on 2010-08-09 19:00:42

Says that tomorrow is turning date & day. Is Bradley right, we will see but market should have a little more action tomorrow. So far this this Eur-Usd 3.618 swing has kept well while SPX went a little further. UsdChf have pretty long run divergence on there and also some kind of "ending contracting triangle" ie. diagonal triangle but not ending diagonal.

QQQQ,

Published on 2010-08-09 18:31:01

Well, this world starts to get more clear again. Amazing how these things happens at the same time between the products. That EU chart is very scary accurate in EW also, for instance it is not alone that 3.618 relation on there with 4H, also one 1H chart last impulse was exactly 3.142 size.Louds of fibos.I suppose this is kind of W5 butterly party week since GU and EU both have it also since friday evening, both are working so far well. QQQQ have it now also, but that´s only 5 min chart while d

UsaCad, Something Small,

Published on 2010-08-09 16:52:52

Long with doji. Most cont. triangles ends for doji actually.Stops ? What stops, you must be kidding - EW technique runs with zero stops. Stop is that doji.It is only W5 if anything, not so big party. 

Exit 1119,25

Published on 2010-08-09 08:50:02

Pretty much risk-reward 1:1, not as much as my W2 can do but I assume there is much more worse exist also ;).Enjoy your evening, will come back for late hours.

spx,

Published on 2010-08-09 07:59:16

So, reached 86.2 for start of the new week then, while friday ended 61.8%.Alternate situations, either impulse will proceed further and larger degree is taking it or then or then as another option we knock down larger degree C.I did short 1124,5, that´s only thing what one can do in here anyway - with that 86.2% while long setup of cource for bulls was that 50%.Stops ? Perhaps 5 points should be enough, no reason to violate account if we start to run with larger degree bullish legs.

GU & EU

Published on 2010-08-08 20:45:08

Both have hourly butterfly.Could be true case in fact in here ie. both have potentially ended W5. Impulse behind of them starts to be pretty long lasting one allready.W3 in EU 4H  chart fullfills 3.618 size from W1.Should be at least consolidating W4 running if not anything else. Below is GU hourly.

SP,

Published on 2010-08-06 16:42:47

That was interesting day - so much action. It dropped to 50% level with clearly 3 wave structure where B retraced 50% also meaning it retraced miniumm requirement for B. As next third component of C plunged to entire impulse 50% retracement level where new contracting triangle started to develop and rest of the day we blow up back to 61.8% area, another safe haven touche.Very beautifull charts indeed and follow the guidelines of EW, very tradable also but as one can see to make prognose as break

SP,

Published on 2010-08-06 08:06:00

That was like a bookcase, W2 and W4 were similiar size.

More angry agri´s, new impulse wave set starting,

Published on 2010-08-05 12:48:03

Commodity tends to have wave 5 as longest or prolonged, so do not expect truncated fifth to be the case...