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  • #57,961
  • Nov 5, 2018 2:40pm Nov 5, 2018 2:40pm
Quoting Coreg2004
{quote} sponge, Elliott wrote in Nature's Law: "All human activities have three distinctive features, pattern, time and ratio, all of which observe the Fibonacci summation series ...the most important of the three factors is a pattern. The pattern is always in progress, forming over and over ...."
Coreg, are you using standard Fib time zones?
All charts/ideas based on UK time zone
  • #57,962
  • Nov 5, 2018 3:04pm Nov 5, 2018 3:04pm
Quoting sponge
{quote} Coreg, are you using standard Fib time zones?
sponge, I am not sure I know what you mean by standard Fib time zones...
Always trade your own plan...I don't provide trading signals.
  • #57,963
  • Edited 3:29pm Nov 5, 2018 3:06pm | Edited 3:29pm
Quoting Fredrick7
We appear to be in wave 4 (consolidation) at the moment. The supposed sixth and seventh waves are most likely only parts of an extended fifth wave. If all the extensions are counted, a lot more than seven waves exist.
Sharp 2 done. Flat 4 in progress. 5 into sharp 6 on the menu.

2 and 4 usually run parallel to each other.

Do you think the law of energy split music into seven notes, primary elements into seven, color into seven, but came to value energy and said screw it, lets make these waves 5?

This is movement governed by a spectrum: red through violet, A through G, wave 1 through 7. law of movement recognized in every other wave type.
Founder of Sutherland Wave Principle
  • #57,964
  • Nov 5, 2018 3:28pm Nov 5, 2018 3:28pm
Quoting MahiNbd
holding a short trade from 1.1393 is there any chance to come back at this level?
Now is best time to close the trade.
I also had one almost in the same area and i close in a small loss
  • #57,965
  • Nov 5, 2018 3:50pm Nov 5, 2018 3:50pm
Quoting MahiNbd
holding a short trade from 1.1393 is there any chance to come back at this level?
I would be very surprised if it did not. I will be shorting again real soon, waiting to get in better price. I see the movers trying to paint it bullish so I wait for the paint to dry.
Ecclesiastes 1:9
  • #57,966
  • Nov 5, 2018 3:50pm Nov 5, 2018 3:50pm
Quoting Scoliis
I'm sorry but I understand the whole technical trading and things but every single news that has come out since Friday is for USD and against EUR. why is it still bullish? there is no fundamentals to support this. Trend makes sense but why would trend even make sense against all this negative news? the ONLY good thing is possible good Brexit negotiations which wont come for days and even that I don't understand why GBP going up will make EUR go up. They are different currencies.. Am I missing something? I've been holding a Sell since 1.13700 and...
Scoliis, I understand your frustration but i can tell you right now we are in a pattern (a flat more specifically) that should allow PA to resume downward.
Do I have garantees for that? No, Can the pattern get more complicated and sophisticated? Sure it can.

To avoid being in a situation where I am holding a short waiting for the market to capitulate, I make my move....if it is right and validates my analysis ...GREAT! If the market starts doing something i am not familiar with or don't understand yet, I quit. That's what SLs are for (hard or mental). Either way you have to be ready to admit that things are developing in an unexpected manner and take action to protect your capital.

In general, you should have a set (two or three) trading setups you trust and you can take with confidence and only trade those....when you venture out and take other setups, be super cautious (smaller positions) and be ready to eat humble pie.

I am expecting a capitulation tomorrow but that is just my bias. I am not betting the farm on it. I am flat tonite..I took my pips today and I will see what tomorrow brings.

Hope your trade gets in the green soon for you.

If you are trading fundamentals or the news, I won't be able to help you..I myself don't.

Post always graciously offers his analysis of market sentiment...today he stayed put...didn't get involved...maybe he saw today as a lull. let's see what he sees tomorrow.
Best of luck buddy.
  • #57,967
  • Nov 5, 2018 3:51pm Nov 5, 2018 3:51pm
Quoting Mitiblotch
Looking at my chart and this bull doesn't seem done.
It was quite obvious about 5 hours ago that the bulls wanted higher and they got it. Sometimes the chart speaks to you.
  • #57,968
  • Nov 5, 2018 3:59pm Nov 5, 2018 3:59pm
14025 @ 61.8%
13896 < 14234
Founder of Sutherland Wave Principle
  • #57,969
  • Nov 5, 2018 4:09pm Nov 5, 2018 4:09pm
Quoting Mitiblotch
Those shorting here, I hope you know that your few pip stops will most likely get used by price, right? 1.1400 isn't a formidable price anymore; it's been used multiple times both from above and below. I can only understand if you are shorting with long-term goals in mind. My 1.14462 sells from last Friday were closed this morning. Sitting on my hands now.
Of course those stops have been used. 1.1400 has been weakened blue to overusage, it was never going to hold prices.
  • #57,970
  • Nov 5, 2018 5:31pm Nov 5, 2018 5:31pm
Do you think the law of energy split music into seven notes, primary elements into seven, color into seven, but came to value energy and said screw it, lets make these waves 5?

The law of energy simply posits that energy cannot go lost, i.e. become nothing. The wave counts (5, not counting extensions) are based on the empirical study of human behaviour.
  • #57,971
  • Nov 5, 2018 5:50pm Nov 5, 2018 5:50pm
Seeing the monthly chart I only find ranging or longs kids, also pa is intertwined with all the emas so get used to scalping asap.
  • #57,972
  • Edited 6:10pm Nov 5, 2018 5:53pm | Edited 6:10pm
Quoting Fredrick7
{quote}Do you think the law of energy split music into seven notes, primary elements into seven, color into seven, but came to value energy and said screw it, lets make these waves 5? The law of energy simply posits that energy cannot go lost, i.e. become nothing. The wave counts (5, not counting extensions) are based on the empirical study of human behaviour.
The law of thick skull states that it takes 40 to 100 years for society to accept the new revelations that are screaming in their face every day.

I'm not referring to the law of energy (that's a great law btw) I'm referring to the laws of the containment feild of energy that separates sound into seven and color into seven. The grail containment field that is like a void outside of space and time. Imagine if you will, all that exist as energy, imagine that energy is a spectrum of sound A through G, or color Red through violet. Now looking at just the red part of the spectrum, imagine that breaks down in seven layers of spectrum, and each one of those sections breaks down to seven. Now think of layers of time 1 arc second, 2 second, 3 minute, 4 hour, 5 day, 6 month, 7 years. Then imagine 1 light, 2 virus, 3 animal, 4 planet, 5 solar system, 6 galaxy 7 universe. Then your part way to imagining the overlapped interlocked infinite series / matrix of sevens that rules every single wave. Then know that I have realized and plotted it by observing stock waves and bingo, nirvana. I've defined it's laws and use them every day to project these waves. The energy cannot die it just cycles around infinitely in the overlapping interlocked matrix of seven.
1395 < 1402
Founder of Sutherland Wave Principle
  • #57,973
  • Nov 5, 2018 6:07pm Nov 5, 2018 6:07pm
Suthmo, it all sounds very esoteric. To clarify matters, please show me a (typical) seven wave count. That way we won`t have to wait 100 years.
  • #57,974
  • Nov 5, 2018 7:22pm Nov 5, 2018 7:22pm
Quoting Fredrick7
Suthmo, it all sounds very esoteric. To clarify matters, please show me a (typical) seven wave count. That way we won`t have to wait 100 years.
He is confusing forex trading with science watching too much of Matrix movies ...
  • #57,975
  • Nov 5, 2018 7:28pm Nov 5, 2018 7:28pm
Quoting suthmo
{quote}The law of thick skull states that it takes 40 to 100 years for society to accept the new revelations that are screaming in their face every day. I'm not referring to the law of energy (that's a great law btw) I'm referring to the laws of the containment feild of energy that separates sound into seven and color into seven. The grail containment field that is like a void outside of space and time. Imagine if you will, all that exist as energy, imagine that energy is a spectrum of sound A through G, or color Red through violet. Now looking...
You are very entertaining please keep going ...
  • #57,976
  • Nov 5, 2018 7:33pm Nov 5, 2018 7:33pm
Forget it, I'm just deluded crazy whack job who thinks he can see god, how about that news today damn....
Founder of Sutherland Wave Principle
  • #57,977
  • Nov 5, 2018 7:38pm Nov 5, 2018 7:38pm
Quoting suthmo
Forget it, I'm just deluded crazy whack job who thinks he can see god, how about that news today damn....

You can see god then you would fit right in quite normal hell your not even crazy enough to say that god is speaking to you. Regarding the knows who listens to fake new like ISM being above 60 and that being dollar negative, Its all about the Redwave tomorrow.
Past glory means nothing on the battlefield
  • #57,978
  • Nov 5, 2018 8:56pm Nov 5, 2018 8:56pm
Target goes up but wasting more time to align all , so may correct again , will wait at 1.1381 to buy again. Take care.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #57,979
  • Nov 5, 2018 9:16pm Nov 5, 2018 9:16pm
Quoting suthmo
Forget it, I'm just deluded crazy whack job who thinks he can see god, how about that news today damn....
Pls don't be frustrated for you can be a very good trader if you don't lean too much on wave theory alone becos often ripples can cause the distortion hence your uncertainty over 5 or 7. Know wave but learn ripple too so you know the difference and not be confused no more.

Cheers
  • #57,980
  • Nov 5, 2018 9:48pm Nov 5, 2018 9:48pm
ATM, my bias is bullish for now
https://www.forexfactory.com/showthr...6#post11661456


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