damn, missed the train...
i'm searching on the right spot to enter, but when i go to the bathroom, the price suddenly slipped...
thx for the info though...
idiotic me...
btw can u share EW of EUR/USD?
does it have the same idea with GBP/USD?
though there was a breakout of the triangle but it seemed failed 5th wave to have a double bottom but can't believe it !!
The 5th wave of such a big trend plus the v subwave all can be so short ,totally failed & very transient, overnight? not even seen by most in trading sessions???????????simply impossible .................
I do not now thinking this way , actually true breakout not happened yet it continues make complexes in the iv wave correction
http://www.gogetin.info/eu1el12.gif
with clear bearish divergence still there .
fontu
i wonder where blue bottle went...
need some advise with the eur/usd...
@fontu
sorry i cannot help u bro...
but it seems that loco is on around 200-223.6% of the fib expansion, so it's probably on wave iv
but don't trust me...
i'm still a beginner...
Labels for gold chart, where A-B-C is combined to make a larger cycle W, X, Y and possibly Z. X wave can repeat, the A-B-C's keep going in the same direction down.
Attachment
Labels for gold chart, where A-B-C is combined to make a larger cycle W, X, Y and possibly Z. X wave can repeat, the A-B-C's keep going in the same direction down.
Attachment
Definetely FXoffshore, that's why I said (at least) a new low
Great analysis and new low already happen , the doble bottom at 698.90$ apparently thought bottom of existing a but it not hold . So after it get a bottom it will go up for b & then again another new low c, right ?
where you think this bottom of a ,as below as 664$ this time ?
thanks all .
fontu
I was talking about another low after this leg down completes.
I have no idea the price level where this leg completes and I don't think there's any trading value in trying to bottom picking it. Always trade in the direction of impulse, right now is down so you should position down only. If you want to go long then wait until you see an impulsive move up then wait some more for its retracement and only then enter long - using your favorite setup. This is how I'd play it...
fontu, and others who are just starting using EW, please take into consideration that EW is not a full trading system, is just another tool to identify the trend and its strength. And it does a terrific job doing just that. And nothing more. So EW is just a tool in your trading strategy but you have to define the whole strategy and how you enter, how you exit and what role has EW in your strategy.
Good luck!
