If you read this blog you know that we’ve been a dollar bull, for a while. Great … how do you make money from that? Do you simply step into the fray and short the EURO right here right now OR do your rules require you to wait for a PATTERN to appear … my rules are the latter.
so, you’ve seen some “support” areas ID and, while they worked for a bit, they were all taken out, eventually. SO I WAIT …
this AM, some craziness about ECB, rates cut, QE ( I like QEE – quantitative easing European), deflation and blah blah blah. who cares ….
let’s find a pattern for support and MAYBE BUY this puppy up into the 1.32-3400 handle. Or, just wait for the bounce and sell pattern to appear.
either way, here’s my latest attempt.
I’m pulling out fundamental frequencies and arcs/waves/music … the Voo Doo is in full grunt (reference flying fighters – full afterburner = full grunt) and am now looking for the 1.3000 handle to offer support. We’ll see …don’t read too much into the charts. Just think of a ROCK hitting the WATER and depending on the velocity and weight of the rock hitting the water WAVES will appear and those waves are mathematically defined by their periodicity, frequency and period. Folks, same goes for the market …
Believe it or not …
if you don’t believe this lie is true, ask the blind man as he saw it too! http://strobowave.com/index_7.htm
note in the chart below, we define the rock hitting the water as the initial impulse move down. from there we can calculate the fundamental frequency and come up w/ a target. that is the horizontal blue line ….
since WAVES are being produced we can now project those waves for price and time targets. how do we do that … we use the POLARITY PRINCIPLE. expand the initital impulse arc by fibonacci (music), sacred geometry (1-5, square roots, inverse of those square roots) and the equal octave scale of music. the KEY is to use past ARC resistance and support and look for the future areas transposed on the arcs as you project them. as technicians we “usually” use horizontal support and resistance. we are basically doing the same thing but w/ a twist … we are using the natural plane of the markets movement (X,Y,Z) to see the waves and therefore musical polarity.
rock on, ok?