haha

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Many experts say the AUD and the CAD are commodity currencies. So with that in mind we should be tracking the CRB Index (the CRB tracks the major commodities) url url Cycles and seasonals project weak overall commodities until the latter part of ...

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Yes, next time will be in 2014 or 2015.

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The website isn't cooperating with me. Can't sign on for some reason. I'll ck it later.

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The PIG market The PIG chart looks quite a lot like the aussie chart. If you get tired of trading the aussie you can trade PIGS instead. Which way will this market go from here ? DB - whats the EWC forecast on PIGS ???

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I agree. I can't trade EW either. I can see it on the charts AFTER the fact. Thats about all. It makes good conversation with all the differing interpretations.

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[quote=GnarlyPips;6397633] Wave (4) is an ABC correction (sort of) The markets are imperfect. Wave (3) is a steep uptrend. Wave (1) is a turning point off a major low.

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[quote=chiknthief;6397622] Wave (3) is usually the biggest wave but this time wave (5) is almost the same size as wave (3).

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[quote=GnarlyPips;6397613] Based on my interpretation nothing gets pierced until AFTER wave (5) was complete.

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[quote=GnarlyPips;6397605] Do you interpret wave (3) as wave (1) ???

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[quote=chiknthief;6397579] Wave 5 is in already.

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[quote=DaddyBear;6397566]

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I suppose there are different ways to use momentum. I'm not going to say whats right or wrong. What I look for is divergence only - when prices go to new highs and momentum doesn't match PA with a new high of its own (not confirming new high ...

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[quote=Davit;6397556]To be honest I am yet to find a single trader here at FF trading EW and show profit however Mr.PIP is full time trader trading harmonic patterns as his primary trading style and profitable..He pays his bills with it. url ...

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forexalien - Here is a weekly futures chart of the aussie $. The momentum indicator and PA is practically identical to the weekly forex momentum chart. Completely different market telling the same story. (strictly aussie - no US dollar)

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I have no idea. I trade aussie futures and the PA and momentum on aussie futures is the roughly the same as forex. I'm not aware of any impending or recent law changes in the futures market so I don't believe it has any effect.

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Institutions are considered the 'public'. Large speculators. In the COT setup the institutions are on the wrong side of the market at every single major top and bottom. When the time is right, the institutions are great people to fade.

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Davit - looks like your 50% line coincides very nicely with my weekly MAC channel line....... 10490 and 10486.

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Now on a short term TF - 4H to be exact, it looks like a bounce is due. I have my weekly MAC channel marked (dashed green line). Thats the point where I'll short some more. Notice that the 4H MAC channel red line is about the same place as weekly ...

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I don't see how you'd call waning upside momentum - bullish divergence. I see momentum in a clear downtrend and prices still up near the highs. Thats very very bearish. It would be different if PA was much much lower than now. I have no idea what ...

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