I know, I love price projections =)
Together with the gist of an elliot wave isolation approach they can be real fun
If this is indeed the end of a simple normal ABC correction then look out weeks to come...
And if not, then eeeeeek
Never say never.
- #3,867
- Jun 4, 2007 5:35am Jun 4, 2007 5:35am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #3,871
- Jun 4, 2007 8:52am Jun 4, 2007 8:52am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #3,872
- Jun 4, 2007 9:05am Jun 4, 2007 9:05am
not a pin bar i would say...if you are a usd bull, you can give it a try with a stop at around 13505... 
anyway, a cheap trade
btw, there was a nice hourly pin bar at 0900 cet this morning for a long trade
anyway, a cheap tradebtw, there was a nice hourly pin bar at 0900 cet this morning for a long trade
- #3,875
- Jun 4, 2007 12:38pm Jun 4, 2007 12:38pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
GU is approaching 61fib (apr18, may21)
For those who are long cable, what are your TPs?
R
My perspective would be:
If I were to take partial profit, this 1.9900 are woulda been okay I guess(it's currently starting to endanger my 1.9892 s/r again..).
The whole 1.9860-1.9940 zone has been a decision point and I think we need to clear 1.9925-40 to get a push towards 1.9990 and above again.
I am currently looking to trail this (stops are equal or greater than break even) instead of taking profit as I am currently trying to let the market show me my exits more again..even though I've been cursing about those "move out, come back completely, give nothing" trades for the last 4 weeks...
Never know when the next burst might come, Kiwi and Aussie made me a bit hopeful, hopefully not wrongly so
I'm currently in "wait and see" mode.
Take care,
SeekingLight
Trust price. Know yourself.
- #3,876
- Jun 4, 2007 2:51pm Jun 4, 2007 2:51pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Heya Raczekfx, always nice to see you posting =)
My perspective would be:
If I were to take partial profit, this 1.9900 are woulda been okay I guess(it's currently starting to endanger my 1.9892 s/r again..).
The whole 1.9860-1.9940 zone has been a decision point and I think we need to clear 1.9925-40 to get a push towards 1.9990 and above again.
I am currently looking to trail this (stops are equal or greater than break even) instead of taking profit as I am currently trying to let the market show me my exits more again..even though I've been cursing about those "move out, come back completely, give nothing" trades for the last 4 weeks...
Never know when the next burst might come, Kiwi and Aussie made me a bit hopeful, hopefully not wrongly so
I'm currently in "wait and see" mode.
Take care,
SeekingLight
I hope you're doing well.
We're pretty much on the same page. I still have 50% of my initial position since 9720 (based on weekly s/r bounce). I'll be looking to close everything in 9950-9990 zone or trail it.
Cheers,
R
p.s. side note: just watching eur/cad action today. it looks, usd/cad correction is overdue even though it doesn't show any 'favorite' PA setups. It'd be nice to get in on another test of 1.0530/50
- #3,877
- Jun 4, 2007 3:20pm Jun 4, 2007 3:20pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hello SL,
I hope you're doing well.
We're pretty much on the same page.
p.s. side note: just watching eur/cad action today. it looks, usd/cad correction is overdue even though it doesn't show any 'favorite' PA setups. It'd be nice to get in on another test of 1.0530/50
Coolies Thanks, I'm doing okay lately, been through a rough patch the last few months, but I think I'm starting to get some traction again =)
Hope you're good, too!
As for EURCAD, I hope EURUSD will do most of the rising part, hehehe..it's the same story as USDCAD, David vs Goliath if you ask me.
Reached .786, pinning on my chart, but christ, there's so much momentum, it' prolly just gonna crrrrrrrrrrrush everything, think avalance
P.S. See how I've begun loving trendlines in the chart? You're partly to blame for that!
Trust price. Know yourself.
- #3,878
- Jun 4, 2007 3:40pm Jun 4, 2007 3:40pm
Hi All,
I am a huge lurker in this forum and have read through many other threads and only recently just finished reading through this one.
First off I have to say how aggravated I am that I only came across this thread so recently and not when I first started trading
Not anyones fault here just wanted to get that off my chest.
The information provided by the folks running this show has been a huge value and an excellent education for me. I have been trading mostly intra-day for over a year and a half and as I am sure you can guess I have not been extremely profitable. I have blown 2 small accounts and really do not want to blow another one.
I have been getting up at the wee hours of the morning to trade the London Open and then crashing for a couple of hours before heading off to my day job. Man is this rough!
After reading through this thread I have a new found hope that I may be able to resume a normal sleep schedule and become a profitable trader in the future.
I am anxious to join the PF to begin the learning process and start practicing what is taught.
My Question is this: (and this goes out to the members of the PF as well as the moderators/owners)
The site has been active now for a little over a year and I want to know if the individuals who are there to help (Dial, fiji, James etc.) are still able to meet the demands of answering questions and helping would be traders at learning the systems and methods taught in the PF?
I know many times in business things will take off and move along very rapidly in the beginning then taper off as things settle in.
The bottom line is I don't want to join the PF and dive into the information only to be left to my own demise without the support of those individuals who got this whole thing running in the first place.
Not that I don't have faith that they do I just don't have a good feel for the current status of the PF other than a new site is under construction.
Thanks in advance for any and all feedback.
Best regards,
Steve
I am a huge lurker in this forum and have read through many other threads and only recently just finished reading through this one.
First off I have to say how aggravated I am that I only came across this thread so recently and not when I first started trading
Not anyones fault here just wanted to get that off my chest.The information provided by the folks running this show has been a huge value and an excellent education for me. I have been trading mostly intra-day for over a year and a half and as I am sure you can guess I have not been extremely profitable. I have blown 2 small accounts and really do not want to blow another one.
I have been getting up at the wee hours of the morning to trade the London Open and then crashing for a couple of hours before heading off to my day job. Man is this rough!
After reading through this thread I have a new found hope that I may be able to resume a normal sleep schedule and become a profitable trader in the future.
I am anxious to join the PF to begin the learning process and start practicing what is taught.
My Question is this: (and this goes out to the members of the PF as well as the moderators/owners)
The site has been active now for a little over a year and I want to know if the individuals who are there to help (Dial, fiji, James etc.) are still able to meet the demands of answering questions and helping would be traders at learning the systems and methods taught in the PF?
I know many times in business things will take off and move along very rapidly in the beginning then taper off as things settle in.
The bottom line is I don't want to join the PF and dive into the information only to be left to my own demise without the support of those individuals who got this whole thing running in the first place.
Not that I don't have faith that they do I just don't have a good feel for the current status of the PF other than a new site is under construction.
Thanks in advance for any and all feedback.
Best regards,
Steve
Nothing is impossible, with a willing mind!
- #3,880
- Jun 4, 2007 3:56pm Jun 4, 2007 3:56pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi All,
I am a huge lurker in this forum and have read through many other threads and only recently just finished reading through this one.
First off I have to say how aggravated I am that I only came across this thread so recently and not when I first started trading
The information provided by the folks running this show has been a huge value and an excellent education for me. I have been trading mostly intra-day for over a year and a half and as I am sure you can guess I have not been extremely profitable. I have blown 2 small accounts and really do not want to blow another one.
I have been getting up at the wee hours of the morning to trade the London Open and then crashing for a couple of hours before heading off to my day job. Man is this rough!
After reading through this thread I have a new found hope that I may be able to resume a normal sleep schedule and become a profitable trader in the future.
I am anxious to join the PF to begin the learning process and start practicing what is taught.
My Question is this: (and this goes out to the members of the PF as well as the moderators/owners)
The site has been active now for a little over a year and I want to know if the individuals who are there to help (Dial, fiji, James etc.) are still able to meet the demands of answering questions and helping would be traders at learning the systems and methods taught in the PF?
I know many times in business things will take off and move along very rapidly in the beginning then taper off as things settle in.
The bottom line is I don't want to join the PF and dive into the information only to be left to my own demise without the support of those individuals who got this whole thing running in the first place.
Not that I don't have faith that they do I just don't have a good feel for the current status of the PF other than a new site is under construction.
Thanks in advance for any and all feedback.
Best regards,
Steve
I can honestly say that the support you will recieve from James Dial and fiji, down to all the other members is bar none. You have a question it will be answered within hours if not minutes.
If you have any questions, as for anyone else just shoot me a PM.
Best of luck and glad you stumbled across this thread as well, it is a great thing(to say the least)
Mike