thanks for your priceless view
any thought on eurusd? do you only analyze volatile pair?
any thought on eurusd? do you only analyze volatile pair?
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Quoting kenari05Dislikedthanks for your priceless view
any thought on eurusd? do you only analyze volatile pair?Ignored
Quoting fixme1tooDisliked<HR style="COLOR: #d1d1e1" SIZE=1>
<!-- / icon and title --><!-- message -->A LOOK AT THIS WEEK
USDCAD closed today this trade was opened maybe mid week at 1.1345 to 1.1263 today. I got off before NFP for tp of 50 pips
AUDUSD opened this week at 7690 for a short position. This pair went as high as 7767 for the week. My initial stop was to be 7750 but I extended due to USD news. Stop never got hit but I did take a small loss of 5 pips on the pair.
FiXmE1ToO Center Pointe is 3 and 3 so far since since start. Lets see how it does next week.
10-25-06 +50 pips
10-26-06 +50 pips
10-27-06 +50 pips
10-31-06 -50 pips NFPweek
11-1-06 -50 pips NFP
11-2-06 - 50 pips NFP
Does anyone have suggestions for other pairs to trade That will have good ATR and not expensive to trade?
Totals todate since 9-11-06
+1401 -350 this will not include FiXmE1ToO's Center Point until I trade it live.
+1051 since 9-11-06
WEEK TO COME
USDCAD may go up some, I will need to watch may go a little higher to before making its way down to 1.1085. I really need to evaluate this pair a little more this weekend I feel like I'm getting mixed signals on this pair. Will update more later.
USDJPY I believe we will go up to between 118.77 and mid 199.00's. We have completed a Big B wave on this pair once we make it to between those numbers, then we should start the C wave down for big profits. This is the same thing thats I believe is happening with USDCAD
AUDUSD "Lets wait to see if an A wave form on the 4hour chart if it does we let B wave complete then catch the C wave down will post numbers later in week after an A wave forms. But from the looks of things we are already forming an A wave that may go to .7600-.7550 lets stay out of this one until it shows its hand." That was posted from last week. From indicators that I use on determining which direction a pair should move. I used the same on this pair. This just goes to show anything can happen when trading but this also shows how valuable it is to know EW theory. You see, by knowing and understanding EW theory you can not only determine best entry points but also best exit points when in bad trade. I was close to being 80 pips down in this pair. My saving grace was knowing we could not go much higher in this pair based on being pass extreme fib levels and getting close to 80 on the RSI. This allowed me to exit this trade for 5 pip loss instead of 80 pip loss. I will post some EW theory this weekend and I have an EW theory e-book I can email to those of you that would like a copy. I havent read the book but from looking at the pictures, it looks like it may explain complex waves really well. Just IM me with email address and I will send book.
EURUSD Well with this pair, it did exactly as predicted missing my predicted entry point of 1.2800 by 1 pip. Since hitting the 1.2799 mark this pair has dropped 120 pips to a low of 1.2679 for the week and close at 1.2716 for the day. The prediction for it to drop from 1.2800 was made mid week after this pair finally decided to show its hand. The market moved very slow at cautiously this week due to so much USD news that was due to come out, otherwise tp marks would have possibly been hit on some pairs.
TP on this pair for the week should be a modest 1.2551 by EW RULE . Now if this pair decides to form a Complex wave this pair will go down to 1.2344 but tp for now should be 1.2551 SL can be at 1.2850. After we finish this wave LOOK OUT FOR BIG PROFIT !!!!!!!!!!!!
as we trade wave C up.
and THE GOOD OLE GBPUSD I believe hit its point early this week plus some. Would you guys agree?? This bad boy really showed off for us LOL. I hope somebody made some money on this pair. I really dont trade wave 1's because they are the only waves with no true end point all you know is it is supposed to overshadow the previous wave but you dont know by how much but this does not always happen. Now GBPUSD should go down to between 1.8748 and 1.8644. 1.8644 is the extreme fib which we know is more like the GBPUSD fib lol. This pair is just plain ole greedy. Would'nt you agree? This pair will hit it's extreme fibs more times than not. Once we get here PLEASE HAVE SOME MONEY FREE TO GET IN ON THE RIDE UP ON THIS PAIR. This pair is literally going to the moon from that point. "I gotta tell ya" as my New York co-worker would say.
I really hope you guys made out good this week. This was a tough week but I faired ok. My rule is not to trade in a week with so much news especially big news but wanted to see how our system would do. Did'nt do to bad I must say.
Oh and one more thing before I forget, Center point had a piss poor week with now wins. Lets keep this in our "MIND'S EYE" DON'T USE CENTER POINT IN NFP WEEK OR WHEN WE ARE ABOUT TO REVERSE ON TREND.
Hope everyone have a very nice weekend and lets make some money next week and have fun doing it.http://www.forexfactory.com/forexfor...ons/icon12.gif
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IF IT DON'T MAKE DOLLARS IT DON'T MAKE SENSE
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Quoting fixme1tooDislikedshould see the 1275 now on the usdcad pair audusd should move very little while we get to 1275 on usdcad.Ignored
Quoting kenari05Dislikedwow 1.2500+ very lucrative short...will wait 1.2730 areaIgnored