EURUSD | Page 60803 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,216,041
  • Jun 18, 2022 11:50am Jun 18, 2022 11:50am
Quoting Robinhood1
Another practical case {image}
Going to asume wave 3 completed. Lets see

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (4066).png Size: 21 KB
POSTMASTER
  • #1,216,042
  • Jun 18, 2022 12:19pm Jun 18, 2022 12:19pm
Some charts for this past week...

1) 1H chart, EURUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2022-06-16 - 1H chart.png Size: 48 KB
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #1,216,043
  • Jun 18, 2022 12:20pm Jun 18, 2022 12:20pm
2) EURUSD - 1H end of Friday trading.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2022-06-17_20-22-43.png Size: 53 KB
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #1,216,044
  • Jun 18, 2022 12:35pm Jun 18, 2022 12:35pm
Quoting blunderbuss
2) EURUSD - 1H end of Friday trading. {image}
interesting ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 14 KB
Click to Enlarge Name: EURUSDDaily.png Size: 14 KB
  • #1,216,045
  • Jun 18, 2022 5:13pm Jun 18, 2022 5:13pm
200% long now and the industry´s Algo fucked up by now. I love this game

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (4068).png Size: 18 KB
POSTMASTER
  • #1,216,046
  • Jun 18, 2022 5:24pm Jun 18, 2022 5:24pm
Quoting Nordling
{quote} Hahaha so you accept that you lose everytime you open a position? Don't worry birader, i don't need nor want you to open a position. Either sell this or stay away for your own sake. It is okay to buy in the small timeframes but it is not advised to buy and hold
Hey chico, so you accept i started to screw up the corporation´s Algo? hahahaha. How about disconecting it from my trades before huge losses appear?
POSTMASTER
  • #1,216,047
  • Jun 19, 2022 1:31am Jun 19, 2022 1:31am
Quoting Robinhood1
This is the DNA structure of any financial chart. Waves without rules regarding size, lenght etc, etc. 2 and 3 movements constantly. As long as you have an instrument to measure those waves you are fine. {image}
Thanks for the biology lesson. But I am wondering, why does it appear that you have simply done a different method of numbering "waves" from an already well-established numbering method??
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 92 KB
To free Gazans of Hamas, use whatever it takes.
  • #1,216,048
  • Edited 3:08am Jun 19, 2022 2:00am | Edited 3:08am
Quoting DrDave
{quote} Thanks for the biology lesson. But I am wondering, why does it appear that you have simply done a different method of numbering "waves" from an already well-established numbering method?? {image}
There is no well-established numbering method. Nobody is making profits through Elliott waves. Books have been written trying to decode Elliott´s system. Alterning 2 & 3 wave swings "floating" in the air regardless whether waves are subject to stupid length rules.

As long as traders keep learning the "well-established rules" failiure is garanteed. Edison was wrong till Einstein appeared and so were all Edison´s followeres. Einstein was a follower in his teens till he saw how wrong
POSTMASTER
  • #1,216,049
  • Edited 3:08am Jun 19, 2022 2:22am | Edited 3:08am
Nature is abstract not linear. I will give you an example. You might have heard of Antoni Gaudi who designed the Sagrada Familia in Barcelona and still being built since beginning late 1800´s. He would not use the established tools compass, ruler etc

take a look http://dataphys.org/list/gaudis-hanging-chain-models/

He created columns with a specific inclination according to the weight to be supported without the need for side walls. The Romans needed to support them with side walls limiting height, just to mention one of his creations
POSTMASTER
  • #1,216,050
  • Jun 19, 2022 2:27am Jun 19, 2022 2:27am
Quoting Robinhood1
Nature is abstract not linear. I will give you an example. You might have heard of Antoni Gaudi who designed the Sagrada Familia in Barcelona and still being built beginning at late 1800´s. He would not use the established tools compass, ruler etc take a look http://dataphys.org/list/gaudis-hanging-chain-models/ He created columns with a specific inclination according to the weight to be supported without the need for side walls. The Romans needed to support them with side walls limiting height, just to mention one of his creations
Just edited the link
POSTMASTER
  • #1,216,051
  • Jun 19, 2022 4:00am Jun 19, 2022 4:00am
Quoting Robinhood1
{quote} There is no well-established numbering method. Nobody is making profits through Elliott waves. Books have been written trying to decode Elliott´s system. Alterning 2 & 3 wave swings "floating" in the air regardless whether waves are subject to stupid length rules. As long as traders keep learning the "well-established rules" failiure is garanteed. Edison was wrong till Einstein appeared and so were all Edison´s followeres. Einstein was a follower in his teens till he saw how wrong
First of all, I purposely did not include any material related to the usefulness or degree of difficulty in learning or applying any wave numbering system, but simply compared your numbering system to a well-established system. So I am curious about why you decided to raise these issues.

Excuse me, but there are thousands if not millions of people that use the wave numbering developed by Elliott, and hundreds if not thousands of publications that describe the numbering system. Therefore, it is indeed well established.

Altern[nat]ing 2 & 3 wave swings
Those would be your numbering system: In E wave theory, they would be 3- and 5-wave swings.

Einstein was a follower in his teens till he saw how wrong
Of course he was a follower initially--how can someone possibly develop a new system unless he has followed along an established system first? Typically, some observation occurs that does not fit the rules of the established system, and then modifications sought for adjusting the system such that the new observation can be explained within he system rules.

And, it was not a matter of seeing how wrong the system was, because indeed, the system was extremely effective at explaining a multitude of situations. It was simply that he had some ideas that were not explainable by the established system, and he saw no way to be able to include his ideas within in it. That did not make the established system wrong, but rather, it demonstrated that there were limitations for where the system could be applied accurately.

In Einstein's case, he pondered some situations that could not be resolved through the well-established system for motion, gravity, and time, and rather than attempting to find some conditions compatible with the established system that could explain his ponderings, his thinking moved outside of the established system to find a broader system that would encompass both his ideas and the current system.
To free Gazans of Hamas, use whatever it takes.
  • #1,216,052
  • Jun 19, 2022 4:09am Jun 19, 2022 4:09am
Quoting DrDave
{quote} Thanks for the biology lesson. But I am wondering, why does it appear that you have simply done a different method of numbering "waves" from an already well-established numbering method?? {image}
Will the 2 wave swing be higher than its previous 3 wave swing? We will see as we go along. There is a lot of visual analysis involved. This is why AI will not detect it through the platform. AI keeps track of anything drawn on chart discovering one´s method.

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (4072)_LI.jpg Size: 463 KB
POSTMASTER
  • #1,216,053
  • Jun 19, 2022 4:15am Jun 19, 2022 4:15am
Inserted Video
POSTMASTER
  • #1,216,054
  • Jun 19, 2022 4:15am Jun 19, 2022 4:15am
The price bounced from Weekly and Daily demand in both charts last week after FED raised another 0.75% the IR above 0.50% which is forecasted, but the same day ECB called for an emergency meeting to lower the Italian bond spread and EU found some buyers and reached at 1.0602.

Next week looks like, we are going to have more ranging price action inside this range (see W1 chart) unless EURUSD break it. In the news the PMI's for EU and US will be the main theme.

On the Daily chart EURUSD looks like, it wants to test the lower demand area again, but a break above the recent high will lead the price first at the grey trendline and next at the 50 DMA and Monthly pivot. Above the last the price may move further to the grey trendline sitting below the recent high at 1.0774.

A break below the W1/D1 demand areas can lead EU all down to the 2nd Monthly support level around 1.0200.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB


Have a great day ahead!
Looking for profitable short term trades ...|
  • #1,216,055
  • Jun 19, 2022 4:20am Jun 19, 2022 4:20am
Quoting DrDave
{quote} First of all, I purposely did not include any material related to the usefulness or degree of difficulty in learning or applying any wave numbering system, but simply compared your numbering system to a well-established system. So I am curious about why you decided to raise these issues. Excuse me, but there are thousands if not millions of people that use the wave numbering developed by Elliott, and hundreds if not thousands of publications that describe the numbering system. Therefore, it is indeed well established. Altern[nat]ing 2 &...
Maybe I didn't make myself understood as I wanted. It is well established but wrong. I see it much simple. 2,3,2,3,2,3,2,3 and so on
POSTMASTER
  • #1,216,056
  • Edited 5:30am Jun 19, 2022 4:29am | Edited 5:30am
The well-established elliott method seems to assume 3 waves and 2 more retracements depending direction. I can´t see retracemants but swings. ie: the 2 wave which is normally established as a,b,c can break below wave 1 of the "3" in my eyes

I beleive Elliott knew what he was doing but his system did not reach the public truely
POSTMASTER
  • #1,216,057
  • Jun 19, 2022 4:42am Jun 19, 2022 4:42am
If I analyze EU, I think we have started 3 waves down without completing the first one yet. It is quite a difficult chart. I may be wrong

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (4074)_LI.jpg Size: 386 KB
POSTMASTER
  • #1,216,058
  • Jun 19, 2022 5:55am Jun 19, 2022 5:55am
Quoting Robinhood1
{quote} Will the 2 wave swing be higher than its previous 3 wave swing? We will see as we go along. There is a lot of visual analysis involved. This is why AI will not detect it through the platform. AI keeps track of anything drawn on chart discovering one´s method. {image}
Why skip over the lower low that I marked with a 3??
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 80 KB
To free Gazans of Hamas, use whatever it takes.
  • #1,216,059
  • Jun 19, 2022 6:07am Jun 19, 2022 6:07am
Quoting Robinhood1
The well-established elliott method seems to assume 3 waves and 2 more retracements depending direction. I can´t see retracemants but swings. ie: the 2 wave which is normally established as a,b,c can break below wave 1 of the "3" in my eyes I beleive Elliott knew what he was doing but his system did not reach the public truely
Again, I did not address the "rules" and "guidelines" of the EW system. As far as I am concerned, they are not even relevant to the discussion of your system. I merely questioned why you chose to adopt a different way of numbering the swings. I made no assumptions about the behavior of the waves relative to one another except for the fact that you clearly showed 3 extremes in one direction followed by 2 extremes in the opposite direction.

And I questioned skipping what appears to be a valid extreme point in one of your examples.
To free Gazans of Hamas, use whatever it takes.
  • #1,216,060
  • Jun 19, 2022 6:10am Jun 19, 2022 6:10am
Quoting DrDave
{quote} Why skip over the lower low that I marked with a 3?? {image}
Tell me the coca-cola formula and i might tell you why i skipped your marked 3
POSTMASTER
268 traders viewing now