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- efgsrl replied Nov 16, 2008
I could throw a lot at this reply but two words my fellow trader....risk aversion. The USD is still a safe haven when we talk about it as an asset class. Until the global risk sentiment changes and solid "bottoms" are formed, dollar strength will ...
- efgsrl replied Nov 11, 2008
Been running acumen's PP system for 3+ mos myself. Effective, simple, profitable....words you love to hear in FX. Indeed I would invite you to visit his site...also simple but very informative...no crap Trade well
- efgsrl replied Nov 11, 2008
Made that deposit in the account as well Mike
- efgsrl replied Oct 28, 2008
potential target — Just looking at the higher timeframes to see where we are at in this down trend. I drew fibs on the weekly, going back to "the beginning"....0.8225 (Oct 2000) to the EU's peak price... 1.2130/32 is the 50% fib of that entire ...
- efgsrl replied Oct 27, 2008
We blew past that level about an hour and a half ago. Now its fighting it out around today's S1
- efgsrl replied Oct 27, 2008
LOL Just connecting to catch up. Great post to start with....ST classic. LOL Trade well man....and to all you traders.
- efgsrl replied Oct 23, 2008
Basically....yes. url Just one of many examples of this trade setup being discussed here
- efgsrl replied Oct 23, 2008
Ran that short 3 times today 80 lvl on the way up.....20 lvl on the way down. High probability setup.
- efgsrl replied Oct 22, 2008
Mannn, I log in to catch up on our thread's goings-on and all I find are pages and pages filled with "noise".....spent most of time filtering. What is this?!....an emotionally-distressed, addiction support group or a trader's forum/thread to discuss ...
- efgsrl replied Oct 22, 2008
Hey ST... Got that one pegged on the reminder list/calendar myself.
- efgsrl replied Oct 22, 2008
Ahhh, it's times like these when I just want to break into song. A little....Tom Petty...seems appropriate. I'm freeeeee faaaallinnnnn
- efgsrl replied Oct 21, 2008
You piqued my interest after the whole discussion so I was keeping one eye on that in between trades lol. As I said, I only know about a thumb-nails worth of EW theory...and there is a lot more to it. For one thing, I don't know how exact price ...
- efgsrl replied Oct 21, 2008
Period of consolidation....typical after a breakout. Breakouts typically occur out of periods of consolidation and vice-versa. Give a peek at Psiholog's post/chart up above....picture is telling. Trade what you see. Gut feel is not a strategy. It ...
- efgsrl replied Oct 21, 2008
Conceptually, you have some solid ideas. Yes, the (credit) markets are SLOWLY beginning to unfreeze. True LIBOR has improved and that will help. The framework is now there to at least see the banks make nice nice between themselves again. Other ...
- efgsrl replied Oct 20, 2008
Boy hope someone in here took advantage of those double-top/tweezer setups on m15....nice c/t trades at 30pips or so each. I did not jump in....counter-trend is not part of my trading plan.
- efgsrl replied Oct 20, 2008
Again, let me open with my "Limited knowledge" disclaimer. In general terms, the wave A move down is typically supported by increased volume. The wave B retrace would be accompanied by lower volume, compared to A and may look like a forming of ...
- efgsrl replied Oct 20, 2008
Can't argue with you there.... Then again, I also don't use any.
- efgsrl replied Oct 20, 2008
my limited knowledge... — I am NOT an elliot wave expert by any stretch...know enough to be dangerous. To me, this would not be a classic 5-wave. Under EW theory, W1 should be a deep retrace to the 61.8 fib level. W3, usually the largest wave, ...
- efgsrl replied Oct 15, 2008
Well said ST. Good to have you back by the way. Trade well.
- efgsrl replied Oct 15, 2008
I am sorry but... — With all due respect, I take issue with the overall message and tone of this post. A member since Aug 2007 and a whole 24 posts. This is a forum....and as such, idea-sharing, opinions and strategy-share are at its core. It ...