EURUSD

My target achieved

Lot of People still thinking about sell or not to sell , or maybe Buy or Not to Buy

Choose you destination do not listen to anyone

the leg shows impulse nature at last having limit down to up 1216/08 and continue up for 1261 /1290. so lock profit below limits to see .

Very unusual activity. Even some of the glorified indicators/tools that some are using... order book etc... seemed to be completely useless at predicting this.

My model totally failed to see that buy, before it gets to 1.1155 at least.. So as usual, for the last 10years, that means one of two thngs - that the model is BROKEN or
we are in a brink of MASSIVE collapse, fast or MASSIVE DIVE ahead... Bear Stephan seems to be coming (ask me who that is if it goes that way. I will wait for the next 80minutes, for the BROKERs check to go through... (regulatory) margin check and then I will decide if or HOW BIG should I set SELL TP at

Although I must say some technical analysis (not mine; from one of the broker - but the order book from the same brokers seemed useless to say the least), they predicted eurusd to go 1.1120 with 80% prob... and that was many hourse before.

Anyway I am flirting with 1.1155 (I reaffirm my position - my not be good for daytraders though).... but will probably not be that greedy this time... thinking about setting TP at at lest 1.1210 or 1.1190... will decide in less than hour and a half...

Fontu, allowed me to translate your thought into the chart...

exactly , one wave 3 running .lets see .

I guess it's not true that two Elliottitions always see the same chart differently.

next resistance is probably around 1.127

i wonder if this bullish rally will fade quickly after the ECB meeting this week and trap bulls

h4

In one day to WR2, wow...isn't it something?

let it do , I am going to rest.Take care

Fontu, you are right, I prayed from the morning for the crazy day and 1.1260 (after morning star on the daily chart) and I have what I came for today.

Also guys, now is a good opportunity to check for REAL traders (mental/emotional stability). The ones that are partying now, when we are what seems to be a bull market... And are very happy, joyful, emotional etc... Be afraid of them when the Bear Stephan comes I really like the Quote from one of my fav shows... Very realistic btw - as far as I can tell...

“You taught me an average trader makes a trade and feels good; a great trader makes a trade and feels nothing.” Wendy R. - (Billions TV series 2016-)
I really like to see traders WIN so I can watch their response.. if they are REALLY happy.. I would never trust them my money... Even if they had "the juice", I would have some CONTROL/safety mechanism... because todays win can be wreck tomorrow. However those kind of people.. seen in Wolf of Wall street... could be of a good value, if you know how to control their beast within

I am writing this because I have checked the "brother" thread and some are very happy (now).
Basicaly it is a mirror function (math) when things go bad... See people WIN... CHART their emotion and mirror them accross the line to project how low will they be WHEN the opposite of win come

Just for intermezzo...

ANYWAY.. I m thinking about entering the position, just not sure how many PIPs would I be comfortable with, for this published TE... for other (than can hold longer positions).... I already know.

Entered the SELL position, I consider this to be a FREE MONEY SHORT

The alternate explanation is that my model is broken and that I should learn to flip burgers fast

I think this kinds of trades only come a FEW times a YEAR..
But when they do.. HUNT for the KILL

it's crazy , and Especially recently there is no strong movement in this pair

I'm closing the position with "just" 5.7 PIPs TP... just in case, enough weirdness for today
Too much of the central bank (rates) talk and all.. No model can survive this short-term Also don't want to be woken up into the "DEXTER situation"...
"Surprise M...".

Let's leave at that.. Now I will re-test my (harvest) strategy based on my price-prediction model of 10 years.. to see how clean/tight it can help me harvest.
Longer overview 3w-3m will be much better in accessing the situation/model.

At least I got to 100+% on the Leaderboard again (#33 atm)
My next goal is 300%, but will re-test it on other TEs first, but keep this published synced, to cut of the speculation Talk to you about EURUSD then...

Thought this would be cleaner (this DROP trade) though, but too slow hours... and I can not expose myself to some rates/banks speculation now..

P.S. Oh and yeah.. This is Bear Stephan (#t=3m30s)... he is always around, do not underestimate him, some people didn't take warning seriously
They better give him enough cake However I would like to be in a slight BEAR mode for EURUSD... as I said.. for it to deflate slowly... not those bull-bears heavy spikes or counters for "no reason"

So what happened today was US news was weak. So EUR went up a lot. Still holding my short positions on long term. Moved my stop losses. Will hold these positions until it gets to about 1.06. Trade safe.

Not just the news news... But the BIG NEWs that they have been playing with... lowering interest rates etc... many speculations in the air.. it broke all the safeties, all the brakes... I mean it was like a TRAIN.... at least from my observation...