Sell Eur/Usd

[rufffen]

for what it's worth EUR USD friday low comes out at 5583 this calculation took me 45 minutes. Let's see how is goes anyway. Im calculating a high as well but will post it in 10 hours.

[Noor]

Originally Posted by rufffen

..on another note still working on a better algorythm for HIGH/LOW forecasts PC is crunching EUR USD low for Friday session as soon as Im done I will post the numbers.

that would be much appreciated Ruffen... Thanx

[currencia]

I do not think price is finished talking to the upper median line on that weekly chart I posted. Price may like to ride along it for a while as it hits the line harder more numerous times. So 1.6000 would be likely under that scenario. But expect a volitile ride of it. All fundy things would say that euro will keep going higher but when most everyone agrees with it going higher it will surely go south. As USA crashes so will go Eurol.

[pelle64]

todays hi/low

gives me 1.5984 <> 1.6028 - 1.6100

Thats what i need to complete my 5th wave - then whe can go south

otherwise i have to have to think that this whas a failier - not what i want so i stick with my count 1-5

[rufffen]

this just in EUR USD Friday HIGH is 5916.

[Noor]

Originally Posted by currencia

I do not think price is finished talking to the upper median line on that weekly chart I posted. Price may like to ride along it for a while as it hits the line harder more numerous times. So 1.6000 would be likely under that scenario. But expect a volitile ride of it. All fundy things would say that euro will keep going higher but when most everyone agrees with it going higher it will surely go south. As USA crashes so will go Eurol.

Thank you for the clarification Sir

Yes I agree thats why I am starting to sweat every time I hit the buy botton.

[currencia]

Here is a blowup of Ruffens daily ascending triangle except it is a 4hr chart.

If the triangle continues to be symmetrical in moves then "e" does not get fullfilled until Friday at a low of 1.5650.

"e" 's are a good place to lose money. Risk/reward on trading the "e" leg is very poor the poor risk trade is left open for way too long of a time period that increases exposure unnecesarily. It is not just how big your stop loss is that counts. It is also counts how long that your trade remains open while price decides what it wants to do next.

[pelle64]

watch the current level 1.5800 a south ride is possible below 5820<>40