Thank you so much cuchuflito .could you please share the DT for me?.
- #545
- Jun 20, 2018 9:51am Jun 20, 2018 9:51am
- Joined Nov 2008 | Status: Trader | 2,143 Posts
Many sitting ducks at that level.
- #555
- Jun 22, 2018 9:08am Jun 22, 2018 9:08am
- Joined Nov 2008 | Status: Trader | 2,143 Posts
We all have our fancy EW counts and softwares...I wonder how much of the edge is left, considering the amount of massive manipulation in Forex.
Take a typical w4.... easy to predict right? Then ride it to the eow 5 and youré making money.That´s the easy plan.
Have you seen the amount of fake heads, stop runs, etc. at the beginning of w5? .. and then, after the wave 5 really starts, you will hardly find a clean impulsive w5.
Big Boys and their algos, will do anythig to run all trailing stops.W 5 (usually impulsive), ends up being ....call it whatever you want...
Just some thoughts.
Have a great weekend
Take a typical w4.... easy to predict right? Then ride it to the eow 5 and youré making money.That´s the easy plan.
Have you seen the amount of fake heads, stop runs, etc. at the beginning of w5? .. and then, after the wave 5 really starts, you will hardly find a clean impulsive w5.
Big Boys and their algos, will do anythig to run all trailing stops.W 5 (usually impulsive), ends up being ....call it whatever you want...
Just some thoughts.
Have a great weekend
- #556
- Jun 22, 2018 9:56am Jun 22, 2018 9:56am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
We all have our fancy EW counts and softwares...I wonder how much of the edge is left, considering the amount of massive manipulation in Forex. Take a typical w4.... easy to predict right? Then ride it to the eow 5 and youré making money.That´s the easy plan.
My post # 486. says almost the same thing... we are all sitting ducks with our small accounts.
STING
- #557
- Jun 28, 2018 2:57am Jun 28, 2018 2:57am
- Joined Nov 2008 | Status: Trader | 2,143 Posts
Check this to prove my point: USDJPY 5 Min.
Textbook EW, just at the confluence of price and time, for an end of w4 and wc,
the market shows a pin bar, and a bullish momentum reversal . Everybody jumps in ..
HEAD FAKE, Big Boys turn the market down, run the stops
by less than a pip (sometimes they are into saving 
)
Then it resumes the bullish trend to the eow5.
I kept my stop below (figured the stop run happend before), made some profit. BUT keeping your stops "safe" costs $, works against your bottom line.
That is how difficult it has become to trick those algos.It get´s harder every day.
Whoever learns to "read" the hands of the Big Boys, is bound to become a millonaire.
Textbook EW, just at the confluence of price and time, for an end of w4 and wc,
the market shows a pin bar, and a bullish momentum reversal . Everybody jumps in ..
HEAD FAKE, Big Boys turn the market down, run the stops
by less than a pip (sometimes they are into saving )Then it resumes the bullish trend to the eow5.
I kept my stop below (figured the stop run happend before), made some profit. BUT keeping your stops "safe" costs $, works against your bottom line.
That is how difficult it has become to trick those algos.It get´s harder every day.
Whoever learns to "read" the hands of the Big Boys, is bound to become a millonaire.
- #558
- Jun 28, 2018 4:39am Jun 28, 2018 4:39am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
Check this to prove my point: USDJPY 5 Min. Textbook EW, just at the confluence of price and time, for an end of w4 and wc, the market shows a pin bar, and a bullish momentum reversal . Everybody jumps in ..
Whoever learns to "read" the hands of the Big Boys, is bound to become a millonaire.
Let's see how are we going to do it.
This is my take on it.
Instead of choosing any random or commonly used pairs to trade,
First we choose the pairs that are actually trending. How do we do this?
GO to this site : https://finviz.com/forex_performance.ashx?v=3
There is daily, weekly, monthly, month to date, quarterly etc...
Choose monthly performance.
Here you will find that aud,nzd and cad are in the red. usd,chf and eur are in the black. do the math,
aud/usd is a sell
nzd/usd is a sell
usd/cad is a buy
chf and eur are still in the minus being black, so ignore it.
Notice that all the trade-able pairs are commodity currency pairs.
Now just plot the daily chart of these pairs and put your EW count on them.
Retail traders will always try to buy these pairs once their oscillators signal the buys. (but big boys will keep the trend alive until the sentiment is reached e.g 161.8% or 200% etc..)
STING
