that's what i thought a few days ago until i got caught out by the upward retracement. luckily i had no position open
Is the next move to test 1.0340
- #2,043
- Edited 2:52pm Aug 29, 2007 12:20pm | Edited 2:52pm
- | Joined Nov 2006 | Status: Trader | 847 Posts
Now, moving along
Here is a new prespective ..........
Only a Probabilty !.........It is not cast in stone .
THESE CHARTS ARE PUT HERE AS A VISUAL REFERENCE ONLY !
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Price appears to be tracing out a small Inverted Head and Shoulder Pattern .
Looking for a few more bullish candle bars to confirm this.
------------------------------------------------------------------
If you disagree , that's ok
Just post your chart and state your case !
Time will then tell all.......
-----------------------------------------------------------------
( See charts below )
- Double click on chart to enlarge.
Here is a new prespective ..........
Only a Probabilty !.........It is not cast in stone .
THESE CHARTS ARE PUT HERE AS A VISUAL REFERENCE ONLY !
----------------------------------------------------------------------
Price appears to be tracing out a small Inverted Head and Shoulder Pattern .
Looking for a few more bullish candle bars to confirm this.
------------------------------------------------------------------
If you disagree , that's ok
Just post your chart and state your case !
Time will then tell all.......
-----------------------------------------------------------------
( See charts below )
- Double click on chart to enlarge.
Usd/Cad
This 15 min chart will be a guide for next few days
Risk here in this trade set up is 55 pips....
------------------------------------------------------
Will price make to its intended targets ? ......
How can anyone know for sure ?
Elliott Waves Formations are suggesting movement
toward the " End of Wave 3 " expansion .........
------------------------------------------------------
Only a Probability ............. Not cast in stone !
------------------------------------------------------
( See charts below )- Double click on chart to enlarge.
This 15 min chart will be a guide for next few days
Risk here in this trade set up is 55 pips....
------------------------------------------------------
Will price make to its intended targets ? ......
How can anyone know for sure ?
Elliott Waves Formations are suggesting movement
toward the " End of Wave 3 " expansion .........
------------------------------------------------------
Only a Probability ............. Not cast in stone !
------------------------------------------------------
( See charts below )- Double click on chart to enlarge.
Usd/Cad............
Wow !
We got a little upside push this morning so far
In a attempt to limit the exposure of this trade.......
- Now moving stop to 0590
------------------------------------------------------
Will price make to its intended targets ? ......
How can anyone know for sure ?
The Risk of this Trade Set-up is now 15pips....
--------------------------------------------------
Wow !
We got a little upside push this morning so far
In a attempt to limit the exposure of this trade.......
- Now moving stop to 0590
------------------------------------------------------
Will price make to its intended targets ? ......
How can anyone know for sure ?
The Risk of this Trade Set-up is now 15pips....
--------------------------------------------------
Us Dollar
//////////////////////////////////////////////////////////
stabilize , please !......
Will you Please STABILIZE at least for the stock markets sake ?
----------------------------------------------------------
Only a Probability !...................... Not Cast in Stone.....
Us Dollar Update :
Price has now reached 1st target .......
Elliott Waves Formations :
Do they work ? ...........You be the judge !....
-----------------------------------------------------
( See charts below )- Double click on chart to enlarge.
- #2,052
- Aug 30, 2007 7:26am Aug 30, 2007 7:26am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Us Dollar Update :
Price has now reached 1st target .......
Elliott Waves Formations :
Do they work ? ...........You be the judge !....
Price Action, does it work?
Why sir, that must be a trick question!
Btw, to the best of my knowledge USDCHF is swissy/the franc and the USDX aka USD index/basket the "dollar"...
Trust price. Know yourself.
- #2,059
- Edited 12:19pm Aug 30, 2007 11:57am | Edited 12:19pm
- | Joined Nov 2006 | Status: Trader | 847 Posts
What explains it? Well consider that this pair has been BEARISH for 2 years straight so any upmove is just a spike until you see a strong uptrend for a considerable amount of time. Also oil prices went up due to supply problems in the US so that causes CAD to appreciate. This still gives us no direction, just range bound trading biz. In my books marketwavez has a little bit of luck and thats it.
blah blah blah enjoy your BS.
Just wanted to let you know I'm agreeing with you about
the movement in the Longer Term trend ...............
The low of last month ( July )could be significant in
the the bigger picture ... more time is need to tell .....
As an Elliottian as we are sometimes called , the name of the game is
to look for pullbacks as explained before in the pryor post .
Trading with Elliott Waves is a Contrarian Method ........
In this manner, obviously your trading style is very different to what
I'm doing . In fact , it could be considered the exact opposite of how
you search for opportunities in the markets ......
The bottom line is
Your trading method or My trading method is not about Luck .
------------------------------------------------------------------
All trades that you decide to take must have a certain Risk parameter
no matter what the market conditions are at the time.
This is what is all so important in trading .....:surprised:thumbsup:
In the end ,
- No matter what your trading style is ,
Trading is about Managing Risk and Protecting your Assets.
