EURUSD

Quoting Robinhood1

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{quote} Sorry i am getting mixed up. As a divergence, 3 waves down on 5m tf, a mega spike up to break the 4th wave and down we go.

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Quoting Robinhood1

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Anyway, confirmation comes as charts develope. Its a bit annoying glued to the screen, my only complaint.

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Quoting DrDave

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{quote} From what I see of your markings of trying to fit 2,3/2,3/2,3/2,3 ..., it will not work much of the time. This is because you cannot know how many waves there will be on a smaller TF that completes one wave on a larger TF. This is especially true when a very large TF is turning. In that case, very small TFs will have a lot of waves because theses smaller retracement waves show the profit taking as the move on the larger TF simply continues. A higher TF CANNOT turn until EVERY TF below it has turned. So people that look at very few TFs have...

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Quoting Js3mwtRc

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{quote} Today EU will be looking to break the inside day it created yesterday with high and low at 0543/0475. A break could lead at the next levels of interest and that will be 0561/0602 up and 0445/0383 down respectivelly. Have a great day ahead!

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Quoting DrDave

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{quote} Here is a look at EURJPY 64m, 128m, and 256m. I used the 32m to mark the significant swings with the Vlines. Note that a MUCH higher TF than 256m is "controlling" this up direction. You can see that 64m swings are tracked very well by the 32m swings whereas the retracement swings on the 128m are nearly insignificant, and they don't exist on m256. So if you're looking at a small TF like 5m, how can you POSSIBLY try to predict a 2,3 pattern when you cannot get a simple 2,3 pattern on the 32m to complete a single wave on a TF above it? {image}{image}...

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Quoting Robinhood1

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{quote} Eurjpy. I have found that entering at an extra wave is reliable. There is a 5th wave on 5m tf. so i looked into it carefully to realize one wave is fake by millimeters so it has just gone past 1 wave as it should. It has stopped climbing at 2 hour tf. Gold. Gone past 1 wave 3 instead of 2. It is first wave to the upside on 30m tf. {image}{image}{image}

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Quoting DrDave

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{quote} EURJPY It has stopped climbing at 2 hour tf. No, it hasn't. Did you look at small TFs?? If small TFs are not going in DOWN TRENDS, then how can H2 POSSIBLY stop going up????

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Quoting DrDave

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{quote} EURJPY It has stopped climbing at 2 hour tf. No, it hasn't. Did you look at small TFs?? If small TFs are not going in DOWN TRENDS, then how can H2 POSSIBLY stop going up????

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Quoting DrDave

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{quote} Here is EURJPY m5. The left side is all the way back to June 16. ANY sign of it going into a down trend and possibly reversing a higher TF??? {image}

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Quoting DrDave

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{quote} Here is EURJPY m5. The left side is all the way back to June 16. ANY sign of it going into a down trend and possibly reversing a higher TF??? {image}

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