Forex Help Forum Archive for 08/1/2008

London NYAM 11:56 GMT August 1, 2008
Subject: Reply   
Scenario 3 and scenario 1 will look similar and would have to be looked at later for clues (both have corrective bounces up from t/l support and both would have impulsive breaks following the correction.)

London NYAM 11:52 GMT August 1, 2008
Subject: Reply   
LARGER CORRECTION SCENARIO
A:5 = 1.6118 22/04 to 1.5392 8/05
B =1.5392 8/05 to 1.6037 15/07/08
1/C = 1.6037 15/07 to 1.5521 30/07
COMPLETED FLAT SCENARIO
A:3 = 1.6018 22/04 to1.5302 13/06
B =1.5302 13/06 to1.6037 15/07
C:5 =1.6037 15/07 to 1.5521 30/07
Additionally depending if we move up from the t/l support but fail to clear the highs of1.6037 then we have the third scenario of a triangulation which will make itself visible by failing to move impulsively.

Auckland Trotter 11:32 GMT August 1, 2008
Subject: Reply   
The question was to:

‘London NYAM 09:55 GMT August 1, 2008
An e-wave view as i see it on the 4hr charts is ambiguous. We have a completed 5 wave pattern into the lows from two days ago suggesting that we either completed a c wave or began the first leg of a major c wave correction of 1 degree higher. This ambiguity shows how E-Wave wont predict these things under all circumstances until after the resolution of a critical point (such as the reaction to the trend-line).’

Auckland Trotter 11:25 GMT August 1, 2008
Subject: Reply   
London NYAM 11:13 GMT August 1, 2008
Yes, I am cynical. That is why I make a profit on a trade.

Like to take the overview to trade on the short term. But also the overview is a basis to look at how I can best set up the my financial future.

London NYAM 11:18 GMT August 1, 2008
Subject: Reply   
Auckland Trotter 11:15 GMT August 1, 2008
Subject:
London NYAM 11:06 GMT August 1, 2008
“I replied to your question on help forum.�

Thanks.

My question was about e-waves.
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Perhaps you could be more specific, as you did not pose a question.

Auckland Trotter 11:15 GMT August 1, 2008
Subject: Reply   
London NYAM 11:06 GMT August 1, 2008
“I replied to your question on help forum.�

Thanks.

My question was about e-waves.

London NYAM 11:13 GMT August 1, 2008
Subject: Reply   
Auckland Trotter 11:02 GMT August 1, 2008
London NYAM 10:39 GMT August 1, 2008
In present conditions of the market fundamental releases are held by some as something to ‘hang on to’.
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I would go farther market is 'looking for a clue.'

If a true fundamental analysis was to be applied to the current market then we would see a completely different picture – could say more.
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What is a 'true fundamental' analysis?

For now we have a predominance of technical over fundamental influence in the market. One could project many inferences on the market for this reason.
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It sounds like you are saying that technicals dominate when no trends can be found, but technicals include trends so im not sure what this means at all besides the fact that there is no agreed upon single technical analysis nor any agreed upon fundamental analysis technique they just look at different sources of information.

Personally, I would say that those who are being voted for are not in control of the money. Therefore the influences of certain government policies are directed towards policies of ‘personality politics’. Those that are moving the big money are not involved with a particular political stance.

Could say more……
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Please do, as i do not see how this is relevant at all.

TIA

London NYAM 10:53 GMT August 1, 2008
Subject: Reply   
London NYAM 10:39 GMT August 1, 2008
Auckland Trotter 10:32//Econ releases become more or less important depending on when and where in relation to psychological price levels in which they occur. Like any 'event' it will only be relevant in the right context. Today, I wager, the context of relevance is there, hence the reaction will become a critical turning point. Just because its significance statistically sees to have waned does not mean that it will always be that way.

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Simply put: On many charts EURUSD/GOLD/XXX/JPY We have a lot of uncertainty as to which way the next big mpves will be. There are plausable arguments both technically and fundamentally for them to shift a great deal on either side. We are honing in on trendlines that have offered long term support and breaks or bounces off them will help traders to align their positions for the next wave. Since those technical factors are occuring on a day that a data event esoccuring it is likely that a resolution will occur at the same moment making that event (NFP) significant, more significant than it has been in the recent past.