X-Account-Key: account7 X-UIDL: 1243604753.7226.mail32,S=40883 X-Mozilla-Status: 0011 X-Mozilla-Status2: 00000000 X-Mozilla-Keys: Return-Path: Delivered-To: ron@1166093.1882787 Received: (qmail 7203 invoked by uid 78); 29 May 2009 13:45:52 -0000 Received: from unknown (HELO ns-mr31.netsolmail.com) (10.49.16.189) by 0 with SMTP; 29 May 2009 13:45:52 -0000 Received: from n79d.bullet.mail.sp1.yahoo.com (n79d.bullet.mail.sp1.yahoo.com [98.136.45.104]) by ns-mr31.netsolmail.com (8.13.6/8.13.6) with SMTP id n4TDjoFw020598 for ; Fri, 29 May 2009 09:45:50 -0400 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=yahoogroups.com; s=lima; t=1243604749; bh=N9kzS+1W4jlpmRTkhtyybWa0/6imMGxQEW0HX8DRLEc=; h=Received:Received:X-Yahoo-Newman-Id:Received:Received:Received:DKIM-Signature:Received:Received:X-Sender:X-Apparently-To:X-Received:X-Received:X-Received:X-Received:To:References:In-Reply-To:Message-ID:X-Mailer:Thread-Index:Content-Language:X-Originating-IP:X-eGroups-Msg-Info:From:X-Yahoo-Profile:X-eGroups-Approved-By:Sender:MIME-Version:Mailing-List:Delivered-To:List-Id:Precedence:List-Unsubscribe:Date:Subject:Reply-To:X-Yahoo-Newman-Property:Content-Type; b=tc35T3fnp3wYtT47LEbJ2tVTrpFivrRLwj0xw5kNZjJFynsZOquzWg1csqiqrwDWcWAT6SkGNSnY7R5pauYKpmIGJFxwS4MLvQTMa7G2Y8TeBKvgMyzA4uqZlVSwSTna DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws; s=lima; d=yahoogroups.com; b=so9Y0WVLW+Ir+mXIuBEsFdi8T6Wnk2k6qC67zm6EaPIlXRjybkWfQZjd3frYhrV2K6+WI5Ovpt9qsdmJzPR4K7KmZbZ0Yr1Mf/93CQcc53yOas/aKcBKVYgPjAabpqwg; Received: from [69.147.65.147] by n79.bullet.mail.sp1.yahoo.com with NNFMP; 29 May 2009 13:45:49 -0000 Received: from [98.137.34.38] by t10.bullet.mail.sp1.yahoo.com with NNFMP; 29 May 2009 13:45:49 -0000 X-Yahoo-Newman-Id: 13855412-m1810 Received: (qmail 17760 invoked from network); 29 May 2009 13:45:47 -0000 Received: from unknown (98.137.34.44) by m2.grp.sp2.yahoo.com with QMQP; 29 May 2009 13:45:47 -0000 Received: from unknown (HELO n43d.bullet.mail.sp1.yahoo.com) (66.163.169.157) by mta1.grp.sp2.yahoo.com with SMTP; 29 May 2009 13:45:47 -0000 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=yahoogroups.com; s=lima; t=1243604694; bh=N3zBybiiC1QUFiseeIt5CYxwdYZNEiS0o6HVTeqiBM8=; h=Received:Received:X-Sender:X-Apparently-To:X-Received:X-Received:X-Received:X-Received:To:References:In-Reply-To:Date:Message-ID:MIME-Version:Content-Type:X-Mailer:Thread-Index:Content-Language:X-Originating-IP:X-eGroups-Msg-Info:From:Subject:X-Yahoo-Group-Post:X-Yahoo-Profile:Sender:X-Yahoo-Newman-Property:X-eGroups-Approved-By:X-eGroups-Auth; b=obGru1rbFVmtR2M7S/d7cQWS2d8qy9MRxHHohOg10R/PQrf9OUmOJ6aZQa1fomDb+MxN6gnKLhKmsKKyBFb80yLdYt+m9JvGoOzwRTFRIbZ2k0+SctR9ClCgLDO4+a0q Received: from [69.147.65.174] by n43.bullet.mail.sp1.yahoo.com with NNFMP; 29 May 2009 13:44:54 -0000 Received: from [98.137.35.12] by t12.bullet.mail.sp1.yahoo.com with NNFMP; 29 May 2009 13:44:54 -0000 X-Sender: gmorlan@tampabay.rr.com X-Apparently-To: Divergence@yahoogroups.com X-Received: (qmail 36106 invoked from network); 29 May 2009 12:20:38 -0000 X-Received: from unknown (69.147.108.201) by m6.grp.re1.yahoo.com with QMQP; 29 May 2009 12:20:38 -0000 X-Received: from unknown (HELO hrndva-omtalb.mail.rr.com) (71.74.56.122) by mta2.grp.re1.yahoo.com with SMTP; 29 May 2009 12:20:38 -0000 X-Received: from nunswen0cecy73 ([72.184.17.31]) by hrndva-omta02.mail.rr.com with ESMTP id <20090529121937350.GKAZ11757@hrndva-omta02.mail.rr.com> for ; Fri, 29 May 2009 12:19:37 +0000 To: References: <486673.45685.qm@web81902.mail.mud.yahoo.com> In-Reply-To: <486673.45685.qm@web81902.mail.mud.yahoo.com> Message-ID: <004301c9e057$bd336b50$379a41f0$@rr.com> X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: AcngGKDl1nCGEj2xTT2rBZWfxhWtWgAPI4ig Content-Language: en-us X-Originating-IP: 71.74.56.122 X-eGroups-Msg-Info: 1:12:0:0:0 From: "Loren Morlan" X-Yahoo-Profile: lorenmorlan X-eGroups-Approved-By: rosstodd via web; 29 May 2009 13:44:53 -0000 Sender: Divergence@yahoogroups.com MIME-Version: 1.0 Mailing-List: list Divergence@yahoogroups.com; contact Divergence-owner@yahoogroups.com Delivered-To: mailing list Divergence@yahoogroups.com List-Id: Precedence: bulk List-Unsubscribe: Date: Fri, 29 May 2009 08:19:39 -0400 Subject: RE: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 Reply-To: Divergence@yahoogroups.com X-Yahoo-Newman-Property: groups-email-ff-m Content-Type: multipart/alternative; boundary="----=_NextPart_000_0044_01C9E036.3621CB50" X-Antivirus: AVG for E-mail 8.5.339 [270.12.44/2140] ------=_NextPart_000_0044_01C9E036.3621CB50 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Will, Yes, I did answer the question re Fib. placement. Typically wave 3 high is= also RSI and momentum high and is an appropriate point to start a fib. stu= dy which measures the real force driving price. I also indicated it is app= ropriate to measure from the actual price high. Where the two studies ove= rlap there is increased support or resistance at these levels. If you are = asking for the specific authority refer to =E2=80=9CNew Trading Dimensions= =E2=80=9D and Hayden=E2=80=99s RSI Guide. This method may be unusual to yo= u but is known in TA. Nothing I have said re Fibonacci studies is new or = original to this art. =20 Amazon sells used books and you should check there for the out of print boo= k.=20 Loren =20 From: Divergence@yahoogroups.com [mailto:Divergence@yahoogroups.com] On Beh= alf Of WILLIAM WEAVER Sent: Thursday, May 28, 2009 8:33 PM To: Divergence@yahoogroups.com Subject: RE: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 =20 Hi Loren, =20 Thanks for the breakdown and the new references to check out.=20 =20 Barnes & Noble said the original Trading Chaos was out of print, so I have the one co-authored with his daughter. =20 And they only had Elliot Wave Principle in soft cover. =20 I can build my own computer systems, program in binary, assembler and about= 6 other operation and systems languages. But can I get my damn credit card= to work with pay pal, not a chance? It boggles the mind. So I'm going to hit the used book stores here in San Francisco and see what= they have. =20 I don't see a response concerning my fibs query, re: your unusual use of it= (at least in my mind it's unusual). Did you give one and I'm missing it? =20 Thanks Again, Will The Trend is my friend, But the SWAP is my Lover =20 Arrogance is just Ignorance misspelled. abso-PIPn-lutley =20 --- On Thu, 5/28/09, Loren Morlan wrote: From: Loren Morlan Subject: RE: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 To: Divergence@yahoogroups.com Date: Thursday, May 28, 2009, 9:23 AM Hello Will, =E2=80=9CNew Trading Dimensions=E2=80=9D by Dr. Williams best describes the= M and A indicators and I recommend this book. John Hayden=E2=80=99s book = =E2=80=9CRSI; The Complete Guide=E2=80=9D is also good, but does have many = errors. Andrew Cardwell=E2=80=99s article re RND are good. He was the fir= st to recognize this trading feature. There are two articles re RND in the= files section which I have previously posted. One by Martin Pring and the= other by Barbara Starr. Both are well illustrated and explained. RNDs ar= e the most valuable because they only occur in an existing trend. Whereas = CNDs occur in an existing trend but do not necessarily reflect the end of= the trend and are often premature with respect to trend issues. =20 RSI and/or Momentum highs or lows reflect the greatest or least actual pre= ssure on price and thus identify the real or true levels of buying or selli= ng interest. Market price typically moves higher or lower than the true fo= rce forcing those moves. Thus the market becomes overbought or oversold. = This is why Fibonacci studies should use RSI and/or M levels to measure the= real or actual force driving price. It is also appropriate to use actual = price highs and lows to begin and end Fib. studies. =20=20 The most important price pattern is the upright and/or inverse H&S pattern.= They are most often accurate in their predictive feature. The upright gu= ides EW count with RSI and Momentum identifying Wave 3 high, later CND iden= tifies Wave 5 high. Latter Corrective Wave B is identified as the right sh= oulder high. Often a CND between the shoulders. Corrective Wave A is the = right side of the neck line.=20 =20=20 The inverse H&S pattern does not look like the upright pattern because it i= s tracing one of the four corrective patterns which occur subsequent to Wav= e 5 high. Page 41 et. seq. of Prechter=E2=80=99s book describes and illust= rates those patterns.=20 =20=20 You did not say which of the two =E2=80=9CTrading Chaos=E2=80=9D books you = have. The one co-authored with his daughter is not as good as his original= book.=20 =20=20 Loren=20 =20=20 From: Divergence@yahoogro ups.com [mailto:Divergence@ yahoogroups. com] On = Behalf Of WILLIAM WEAVER Sent: Thursday, May 28, 2009 2:46 AM To: Divergence@yahoogro ups.com Subject: Re: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 =20=20 Hi Loren, =20 Thanks for the explanations. =20 I have used Fibs in what I and others, thought were very unusual ways (I'= m talking about you taking the fib from the left shoulder to the right neck= line of course.).=20 =20 I do things like that out of curiosity about what it might tell me, if an= ything. But I know you probably have a specific reason from something you = read. Could you fill me in please?=20 =20 Also I'm a bit un-clear on reverse negative divergence, any resource to r= ead about that would be helpful also. =20 My 2 books came in today, Trading Chaos & Elliot Wave Principle, So if the = answers to my questions are in one of these, great. If not, could you tell = me what I need to get?=20 =20 TYIA =20 Will The Trend is my friend, But the SWAP is my Lover =20 Arrogance is just Ignorance misspelled. abso-PIPn-lutley =20 --- On Tue, 5/26/09, Loren Morlan wrote:=20 From: Loren Morlan Subject: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 [2 At= tachments] To: Divergence@yahoogro ups.com Date: Tuesday, May 26, 2009, 3:29 PM=20 Monthly and weekly charts attached.=20 =20 Monthly;=20 Fibonacci retracement study begins at the vertical red line which is the RS= I and Momentum highs and also Wave 3 high and the left shoulder of an uprig= ht H& S pattern. The low of the Fib. study is Wave A low at .6008. Price = is presently searching for the high of Wave B. Overhead resistance is at 1= 00.0, at .8004. There are two indicator reverse negative divergence at th= is level. 20 and 50 SMAs trace a RND marked on chart. Acceleration indi= cator also traces a RND.=20 =20=20 CND is traced by RSI at the current level. RSI is below 50 incident to thi= s negative divergence.=20 =20=20 Weekly;=20 ZUP traces a bearish AB=3DCD pattern in this period. Price may move higher= incident to this pattern at defined by the red rectangle. Ther3e are two = negative divergence. Acceleration traces a CND and RSI traces a RND.=20 =20=20 Comments;=20 Smaller time frames do not yet confirm the top of Wave B. Lower highs and= lows in the 4 hour may introduce the high which will encounter resistance = at or below .8004.=20 =20=20 Loren =20 =20 ------=_NextPart_000_0044_01C9E036.3621CB50 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable


Will= ,

Yes,= I did answer the question re Fib. placement.=C2=A0 Typically wave 3 high is also RSI and momentum high and is an appropriate point to st= art a fib. study which measures the real force driving price.=C2=A0 I also indi= cated it is appropriate to measure from the actual price high.=C2=A0=C2=A0 Where the= two studies overlap there is increased support or resistance at these levels.=C2=A0 If = you are asking for the specific authority refer to =E2=80=9CNew Trading Dimensions= =E2=80=9D and Hayden=E2=80=99s RSI Guide.=C2=A0 This method may be unusual to you but is =C2=A0known in TA= =C2=A0 Nothing I have said re Fibonacci studies is new or original to this art.

&= nbsp;

Amaz= on sells used books and you should check there for the out of print book.

Lore= n

&= nbsp;

From: Divergence@yahoogroups.com [mailto:Divergence@yahoogroups.com] On Behalf Of WILLIAM W= EAVER
Sent: Thursday, May 28, 2009 8:33 PM
To: Divergence@yahoogroups.com
Subject: RE: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09

 




Hi Loren,

 

Thanks for the breakdown and the new references to= check out. 

 

Barnes & Noble said the original Trading Chaos= was out of print,

so I have the one co-authored with his daughter.

 

And they only had Elliot Wave Principle in soft co= ver.

 

I can build my own computer systems, program in bi= nary, assembler and about 6 other operation and systems languages. But can= I get my damn credit card to work with pay pal,

not a chance? It boggles the mind.

So I'm going to hit the used book stores here in San Francisco and see wh= at they have.

 

I don't see a response concerning my fibs query, r= e: your unusual use of it (at least in my mind it's unusual). Did you give one an= d I'm missing it?

 

Thanks Again,

Will

The Trend is my friend, But the SWAP is&= nbsp;my Lover 

Arrogance is just Ignorance misspelled.
abso-PIPn-lutley



--- On Thu, 5/28/09, Loren Morlan <gmorlan@tampabay.rr.com&= gt; wrote:


From: Loren Morlan <gmorlan@tampabay.rr.com>
Subject: RE: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09=
To: Divergence@yahoogroups.com
Date: Thursday, May 28, 2009, 9:23 AM

He= llo Will,

= =E2=80=9CNew Trading Dimensions=E2=80=9D by Dr. Williams best describes the M and A indicators and I recommend this book.  John Hayden=E2=80=99s book =E2=80=9CRSI; The Complete Guide= =E2=80=9D is also good, but does have many errors.  Andrew Cardwell=E2=80=99s article re RND are= good.  He was the first to recognize this trading feature.  There are two articles re RND in the files section which I have previously posted. = ; One by Martin Pring and the other by Barbara Starr.  Both are well illustrated and explained.  RNDs are the most valuable because they = only occur in an existing trend.  Whereas CNDs  occur in an existing trend  but do not necessarily reflect the end of the trend and are o= ften premature with respect to trend issues.

&n= bsp;

RS= I and/or Momentum highs or lows reflect the greatest or least  actual pressure on price and thus identify the real or true levels of buying or selling interest.  Mar= ket price typically moves higher or lower than the true force forcing those moves.  Thus the market becomes overbought or oversold.  This i= s why Fibonacci studies should use RSI and/or M levels to measure the real = or actual force driving price.  It is also appropriate to use actual pr= ice highs and lows to begin and end Fib. studies.

&n= bsp;

Th= e most important price pattern is the upright and/or inverse H&S pattern.  They are most often accurate in their predictive feature.  The upright guides EW count w= ith RSI and Momentum identifying Wave 3 high, later CND identifies Wave 5 high.  Latter Corrective Wave B is identified as the right shoulder high.  Often a CND between the shoulders.  Corrective Wave A is= the right side of the neck line.

&n= bsp;

Th= e inverse H&S pattern does not look like the upright pattern because it is tracing one of the four corrective patterns which occur subsequent to Wave 5 high.  Page 41 = et. seq. of Prechter=E2=80=99s book describes and illustrates those patterns.=

&n= bsp;

Yo= u did not say which of the two =E2=80=9CTrading Chaos=E2=80=9D books you have.  The one co-authored= with his daughter is not as good as his original book.

&n= bsp;

Lo= ren

&n= bsp;

From:<= /b> Divergence@yahoogro ups.com [mailto:Divergence@ yahoogroups. com] On Behalf Of WILLIAM WEAVER
Sent: Thursday, May 28, 2009 2:46 AM
To: Divergence@yahoogro ups.com
Subject: Re: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09

 



Hi Loren,

 

Thanks for the explanations.

 

  I have used Fibs in what I and others= , thought were very unusual ways (I'm talking about you taking the fib from the left shoulder to the right neck line of course.).

 

  I do things like that out of curiosi= ty about what it might tell me, if anything.  But I know you probably have a specific reason from something you read. Could you fill me in plea= se?

 

  Also I'm a bit un-clear on reverse negati= ve divergence, any resource to read about that would be helpful also.

 

My 2 books came in today, Trading Chaos & El= liot Wave Principle, So if the answers to my questions are in one of these, great. If n= ot, could you tell me what I need to get?

 

TYIA

 

Will

The Trend is my friend, But the SWAP i= s my Lover 

Arrogance is just Ignorance misspelled.
abso-PIPn-lutley



--- On Tue, 5/26/09, Loren Morlan <gmorlan@tampabay. rr.com>= ; wrote:


From: Loren Morlan <gmorlan@tampabay. rr.com>
Subject: [Divergence] Anatomy of a successful trade, AUD/USD, 5/26/09 [= 2 Attachments]
To: Divergence@yahoogro ups.com
Date: Tuesday, May 26, 2009, 3:29 PM

Monthly and weekly charts attached.

 

Monthly;

Fibonacci retracement study begins at the vertic= al red line which is the RSI and Momentum highs and also Wave 3 high and the left shoulder o= f an upright H& S pattern.  The low of the Fib. study is Wave A low= at .6008.  Price is presently searching for the high of Wave B.  Overhead resistance is at 100.0, at .8004.   There are two indicator reverse negative divergence at this level.   20 and= 50 SMAs trace a RND marked  on chart.  Acceleration indicator al= so traces a RND.

 

CND is traced by RSI at the current level. = RSI is below 50 incident to this negative divergence.

 

Weekly;

ZUP traces a bearish AB=3DCD pattern in this per= iod.  Price may move higher incident to this pattern at defined by the red rectangle.&n= bsp; Ther3e are two negative divergence.  Acceleration traces a CND and= RSI traces a RND.

 

Comments;

Smaller time frames do  not yet confirm the= top of Wave B.  Lower highs and lows in the 4 hour may introduce the high which will encounter resistance at or below .8004.

 

Loren

 

 

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