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EURUSD

  • #1,146,861
  • Dec 6, 2018 6:11am Dec 6, 2018 6:11am
Quoting msniper
this is how I see EURUSD from Elliott Wave analysis and I still favor the bullish scenario what you guys think ? {image} {image}
I favor the bearish one but very nice job on both!
  • #1,146,862
  • Dec 6, 2018 7:31am Dec 6, 2018 7:31am
Quoting HappyMe
{quote} Well you now...at the end I'm still bearish. I can't give some comment on the count because HEW can't see this as a triangle. Anyway that is because HEW is slighltly different then EW.
what is HEW ? I always seeing you writing it but I thought its the normal Elliott waves everyone use
  • #1,146,863
  • Edited 7:47am Dec 6, 2018 7:33am | Edited 7:47am
Quoting HappyMe
Here is my HEW update. Well what a development today. I really was searching what is most likely going on here! The green-wave-b...is still not finished! so from the start @1,1267 we saw an ABC...yesterday the market went sharply down in 5 waves.. I already tought yesterday there is something elsein the pipeline then just a wave down until 1,1210. Today the development looks now as we had an ABC followed by an X so Today this retracement transformed towards a zigzag in my opinion. Well then the question is can we break the 1.1433 and in case 1,1472...
A gosh!!

My view of yesterday was actually a correct view!.... how could I switch this morning....??

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You can manage risk, but you can't manage the return
  • #1,146,864
  • Dec 6, 2018 7:33am Dec 6, 2018 7:33am
Quoting Jonstaples
EU is ready to offer PM May a lifeline of extending Article 50 if her deal is rejected by Parliament next week, according to sources. Italy's PM Conte said he is to meet EU's Juncker next Tuesday with the new proposal on the 2019 budget and added that it will include boosting investments. The USD index lacked firm direction following the US market closure and was stuck near the 97.00 level as its counterparts across the pond were uneventful with EUR/USD range-bound throughout the session. Option expiries of note for today's 15:00 GMT: EUR/USD: 1.1295...
Very good, thank you. Let's see how to close the candle weekly.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,865
  • Dec 6, 2018 7:35am Dec 6, 2018 7:35am
Quoting HappyMe
{quote} A gosh!! My view of yesterday was 100% correct!.... how could I switch this morning....?? {image}
Looking if the price is overbought or oversold.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,866
  • Dec 6, 2018 7:57am Dec 6, 2018 7:57am
so we expecting euro to reach 1.14000 if that happened that's mean it will push GBPUSD up with it. and if that happened it means GU broke a major down trend which will be bullish for both
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  • #1,146,867
  • Dec 6, 2018 8:22am Dec 6, 2018 8:22am
I am going to take profit for my long from 1.1330 between 1.1400 to 1.1430

not because I am going to be bearish NO

just protecting my self

I will wait and see if price manage to break 1.1475 then the bullish scenario is confirmed 1000% so better safe than sorry
  • #1,146,868
  • Dec 6, 2018 8:39am Dec 6, 2018 8:39am
Quoting msniper
I am going to take profit for my long from 1.1330 between 1.1400 to 1.1430 not because I am going to be bearish NO just protecting my self I will wait and see if price manage to break 1.1475 then the bullish scenario is confirmed 1000% so better safe than sorry
Chart H1 and H4 is bullish. But the chart D1, W1 an MN1 still is bearish.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,869
  • Dec 6, 2018 8:43am Dec 6, 2018 8:43am
Quoting palpite
{quote} Chart H1 and H4 is bullish. But the chart D1, W1 an MN1 still is bearish.
The GBP need to be strongest than the EUR and USD for to confirm the tendence reverse for both pairs, EURUSD and GBPUSD.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,870
  • Dec 6, 2018 9:07am Dec 6, 2018 9:07am
I exit just now at 1.1400 with 70pips profit

I will wait for daily close and see if its bullish or bearish

but I will never go short

in euro only BUY button is working for me
  • #1,146,871
  • Dec 6, 2018 9:09am Dec 6, 2018 9:09am
Quoting msniper
I exit just now at 1.1400 with 70pips profit I will wait for daily close and see if its bullish or bearish but I will never go short in euro only BUY button is working for me
I not understand your swing trades.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,872
  • Dec 6, 2018 9:12am Dec 6, 2018 9:12am
Attached Image


Buy only
COT: The precious data ignored
  • #1,146,873
  • Dec 6, 2018 9:17am Dec 6, 2018 9:17am
Quoting palpite
{quote} I not understand your swing trades.

I bought on 1.133x area and was supposed to be swing trade and I keep it all the way to 1.1900 and 1.2000

but because I see strong resistance in area between 1.14000 to 1.1475 I decided to exit now and wait for more confirmation and I will buy again

I am bullish in euro every day even if it fall to 1.1200 I am still bullish and I will only buy its just I like to be safe near resistances
  • #1,146,874
  • Dec 6, 2018 9:27am Dec 6, 2018 9:27am
Quoting msniper
{quote} I bought on 1.133x area and was supposed to be swing trade and I keep it all the way to 1.1900 and 1.2000 but because I see strong resistance in area between 1.14000 to 1.1475 I decided to exit now and wait for more confirmation and I will buy again I am bullish in euro every day even if it fall to 1.1200 I am still bullish and I will only buy its just I like to be safe near resistances
But i do this and i'm 1 scalper for you. And you are 1 swinger trader ?
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,146,875
  • Dec 6, 2018 9:32am Dec 6, 2018 9:32am
Quoting palpite
{quote} But i do this and i'm 1 scalper for you. And you are 1 swinger trader ?
yah I know what I did is consider scalping

I am supposed to be a swinger

I will just wait for confirmation for my bull scenario and I will buy euro I will never close it again for scalping I will just keep holding all the way to 1.1900 hehe
  • #1,146,876
  • Dec 6, 2018 9:49am Dec 6, 2018 9:49am
the blue circle area will not be easy to break. honestly I think it needs a news to be broken perfectly without fake breakout. perhaps Friday news do something. so its dangerous area
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  • #1,146,877
  • Edited 10:18am Dec 6, 2018 10:04am | Edited 10:18am
good move up I failed take it timely . , my pending orders not activation at some little down . anyway checking chart after 6 hrs actually as no time to do so. ok price within the triangle , inner rectangle only played so far with H4 close areas , \no breakout or decision yet, the way & place it jumped can't rely for continued up , rather may tank nicely next . usdx should tanked then . 1.1345/67 limit down for up again , but if breaks then down to low more to fakeout levels .lets see what next . will check it soon too to enter any trade. 1345-1411 not bad areas to play , so play down first to try up , will open short at now/ high& then buy at 1368/50 scalping to see if any pips now
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,146,878
  • Dec 6, 2018 12:41pm Dec 6, 2018 12:41pm
My prediction for the nfp tomorrow IF we don't hit any of the resistances first. Either this or straight up which is no fun. I don't see a down possibility right now.
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  • #1,146,879
  • Edited 3:34pm Dec 6, 2018 2:44pm | Edited 3:34pm
Here is my HEW Update

Well well...I cant' believe what I see in this chart!

I mean.... at first (from 1,1265) we had a correction higher, an ABC...then a wave-X as connection for starting a double....then I thought we must see a zigzag...an ABC. and indeed today we saw that ABC but the end of this zigzag was BELOW the last high (@1,1419) This means there is no double....and the 1,1419 WAS our high and must be our green wave-b in my view.
Well that also will say that the development after last high @1,1419 is the start of the next foundation waves down (I think we saw the red wave-i and wave-ii)

The only issue in this....the wave-i and ii where so strong (that is why I thought yesterday it was a correctional move) that our green wave-c/iii must be also lower then the 1,1210 I estimated every-time the last times..... I can't believe it but after the development of today it probably gone be an extreme, it must be around the 1,1108(!) Yesterday I also counted such a deep fall down but could not believe it...that's why I choose the double variant....what in the end did not worked fully out...

In the end I'm very distrustful about this outcome, maybe I made a failure in my count. Well it can fit in the extreme of the green degree wave.....and the levels are estimates and can change some if there are strong deep retracements. So the outcome can also be less destructive then it looks like now!.....but at the moment I really really can't see this in another way!
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Attached Image
You can manage risk, but you can't manage the return
  • #1,146,880
  • Edited 8:31pm Dec 6, 2018 8:05pm | Edited 8:31pm
Luckily, Today my program shows buy with 10 % higher probability on an hourly data , 4 hourly data and daily data. I am BUY on MONDAY next week, but with small lots in incremental order.

My order book looks like

Buy ( Current status )

1 standard- 1.1375
1 standard -1.1370
1 standard -1.1350
1 standard-1.1330
1 standard- 1.1300

If close today negative

OR once the market treads upward, ( close today positive )

1 standard- 1.1375
1 standard- 1.1390
1 standard- 1.1410
1 standard -1.1430
1 standard-1.1460

If the Markets move higher and revert back below 1.1410, all positions auto close.
Just retired from University
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