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EURUSD

  • #97,361
  • May 19, 2009 12:06am May 19, 2009 12:06am
As we predict yesterday to have a long position after the trigger, we are in +120 pips profit till now. let the postion be open. it is still upward and the targets are:

1- 1.3650
2- 1.3780
3- 1.3870

I think target 2 will be available in 24 hours. but because we are in the wave 5 and wave 5 sometimes acts as a shorter wave it can change to downward on 1.3650, but we are still upward
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  • #97,362
  • May 19, 2009 12:08am May 19, 2009 12:08am
Quoting Chicky
It was a typo, I mean 1.3540.

I am already in hot waters and temperture going up, pip by pip. However, just achieved BE on this last spike down.
may not make it to 3583 tonight... might aready made a soft top at 3579

i cant see why we did not go higher japan market up 250 points..europe future equitys up pretty good.. while u.s. futures flat..with all this and s&p up today we did not have much range at all....very sluggish


might be the flu thing.. they talking about raising it to the highest level now. after it mutates a few times none of us may not be safe..
those who can, do. those who cant, talk about those who can
  • #97,363
  • May 19, 2009 12:10am May 19, 2009 12:10am
Quoting 2+2=4ex
That video was funny, disgusting, but funny
might be fake but funny..
those who can, do. those who cant, talk about those who can
  • #97,364
  • May 19, 2009 12:12am May 19, 2009 12:12am
Quoting behzadov
As we predict yesterday to have a long position after the trigger, we are in +120 pips profit till now. let the postion be open. it is still upward and the targets are:

1- 1.3650
2- 1.3780
3- 1.3870

I think target 2 will be available in 24 hours. but because we are in the wave 5 and wave 5 sometimes acts as a shorter wave it can change to downward on 1.3650, but we are still upward
Agree - I am not sure why people want to go against the trend. Trade the trend and be right 80% of the time. (Scalpers not included.)
  • #97,365
  • May 19, 2009 12:17am May 19, 2009 12:17am
Quoting smithbry
Agree - I am not sure why people want to go against the trend. Trade the trend and be right 80% of the time. (Scalpers not included.)
depends where you consider a trend ..longs lost friday following that same advice..
those who can, do. those who cant, talk about those who can
  • #97,366
  • May 19, 2009 12:18am May 19, 2009 12:18am
Quoting gatorinla
may not make it to 3583 tonight... might aready made a soft top at 3579

i cant see why we did not go higher japan market up 250 points..europe future equitys up pretty good.. while u.s. futures flat..


might be the flu thing.. they talking about raising it to the highest level now. after it mutates a few times none of us may not be safe..
Yes, Gator. I am also puzzled, why it did not go higher. This is the only reason I opened and carrying shorts. Maybe it bounced off up a little earlier. I was expecting a bounce around 1.33xx or little below. But I am short, basically for the reason that if it does not go higher, should come down a little, also expecting moderate equity retrace. However, I am ready for any sudden upward move.
The Thief of Wall Street
  • #97,367
  • May 19, 2009 12:21am May 19, 2009 12:21am
Quoting gatorinla
may not make it to 3583 tonight... might aready made a soft top at 3579

i cant see why we did not go higher japan market up 250 points..europe future equitys up pretty good.. while u.s. futures flat..with all this and s&p up today we did not have much range at all....very sluggish


might be the flu thing.. they talking about raising it to the highest level now. after it mutates a few times none of us may not be safe..
The flu is a fake
  • #97,368
  • May 19, 2009 12:23am May 19, 2009 12:23am
both e-index and u index are poised for a little retrace on the 4hr..so anything is possible.. both are resting on fibs.. could go either way.. but im getting bounce signals..both are coiled
those who can, do. those who cant, talk about those who can
  • #97,369
  • May 19, 2009 12:24am May 19, 2009 12:24am
Quoting smithbry
Agree - I am not sure why people want to go against the trend. Trade the trend and be right 80% of the time. (Scalpers not included.)
That's right. Unfortunatly many amataurs change their mind in getting position or closing a position as soon as they see a small back price swing. the market is full of swings and those who have a longterm strategy and a target are winner with a max 3 percent risk management for each trade ( always put your stopploss when you want to start a position and make sure the RR is bigger than 1.5 or 2).

you can trail your stop loss but never change it bigger when you see yu are losing a position. in the recent trade I'm trailing with atr-stop and even if my elliott predection fail I still win enough pips.

losing some of your trades is a part of this market, buy many people cant understand what is longterm in forex! With my simple strategy based on Elliot waves and Fibonachi levels I usually get around 2000 to 3000 pips in a month that is quite suitable for me.
  • #97,370
  • May 19, 2009 12:24am May 19, 2009 12:24am
Quoting gatorinla
depends where you consider a trend ..longs lost friday following that same advice..
My Friday longs came back around on Monday for good $$$.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #97,371
  • May 19, 2009 12:24am May 19, 2009 12:24am
Quoting Heilpraktike
The flu is a fake
thanks doc i feel better now..
those who can, do. those who cant, talk about those who can
  • #97,372
  • May 19, 2009 12:25am May 19, 2009 12:25am
Quoting The Fool
My Friday longs came back around on Monday for good $$$.
thats my point... it did not move much either direction..
those who can, do. those who cant, talk about those who can
  • #97,373
  • May 19, 2009 12:26am May 19, 2009 12:26am
Quoting gatorinla
depends where you consider a trend ..longs lost friday following that same advice..
True, but Friday only pulled back to the bottom of the channel of an up trend. Now we have broken out of the smaller downtrend back into the larger uptrend. I hope so anyway.
  • #97,374
  • May 19, 2009 12:34am May 19, 2009 12:34am
Good Morning all friends here ..

i would like to share my chart PinkPath for today. and i will look only for buy.
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Never sell @ lower upward channel unless breacked and vise versa .
  • #97,375
  • May 19, 2009 12:34am May 19, 2009 12:34am
at this point the wave 4 of 5 can be start. becarefull that this downward movement in next few hours is just a correction (probably up to 50 pips down) and the market is still Bullish to finish the wave 5.
  • #97,376
  • May 19, 2009 12:36am May 19, 2009 12:36am
Quoting smithbry
Agree - I am not sure why people want to go against the trend. Trade the trend and be right 80% of the time. (Scalpers not included.)
I don't know about others, but feel no fear in admitting that I cannot spot a trend. I can not tell by looking at a chart what the trend direction is, but "what it was".
The Thief of Wall Street
  • #97,377
  • May 19, 2009 12:36am May 19, 2009 12:36am
Quoting smithbry
True, but Friday only pulled back to the bottom of the channel of an up trend. Now we have broken out of the smaller downtrend back into the larger uptrend. I hope so anyway.
no augument there. chart says north.. but you have to be aware of the monkey wrench thrown in (equitys). longs were lucky.. the s&p could of went the other way friday.. and we still may have another round.. u.s. equitys were flat last time i checked.. europe is up according to bloomberg futures.. we will know soon.. lots of things affect the chart. if not trading would be so much easier..
those who can, do. those who cant, talk about those who can
  • #97,378
  • May 19, 2009 12:39am May 19, 2009 12:39am
Quoting Chicky
I don't know about others, but feel no fear in admitting that I cannot spot a trend. I can not tell by looking at a chart what the trend direction is, but "what it was".
I know you dont like Elliott Waves. But this is exactly where these waves can help you dtermine if youa re in a trend direction or correction direction. beleive me that 90 percent of loses happens in correction waves!
  • #97,379
  • May 19, 2009 12:42am May 19, 2009 12:42am
The bull started after finishing the big Gartley in H4 yesterday & hope price will move at or over 1.3722 level in time . There was also a bearish 5-0 pattern in lower charts That aborted without any effect.
Now expecting a little retracement to about 1.3484 area before continue up again.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #97,380
  • May 19, 2009 12:50am May 19, 2009 12:50am
green US stocks but eurozone news in the AM liable to be bad, as usual. A recipe for more sideways action?
"If The Fool persists in his Folly he will become wise." - William Blake
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