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  • #285,481
  • Aug 24, 2010 12:29pm Aug 24, 2010 12:29pm
Quoting ak4x
You got that right.... that's why I trade my own charts and use a Line Style as well. Try that some time and see what you think. The Line style has kept me out of trouble about the same as candle charts have gotten me into trouble.

Just for grins, here's your 4h chart on a 12hr scale starting from the early June LOWS to now with some alternative neckline scenarios and Target TL's drawn in white. Remembering the scale is 12hr, this could all take a while to work out , assuming it ever does. Still, the Lower red box is where I think we'll...
I like your chart, will analyse that metod sooner or later

However, if you look at it... it looks almost perfect... I mean, left shoulder higher than right one -> that for me is an absolute and sufficient,

Also, we might see a classic retest of neckline
  • #285,482
  • Aug 24, 2010 12:41pm Aug 24, 2010 12:41pm
Quoting fxtrends
[size=3][font=Times New Roman]The EUR/USD has rebounded off the key 50% retracement level at 1.26 to highlight the possible completion of a 5-wave down-move off the August high....
Nice.

Respect for Elliot wave PROs, i have never started to study it, too much pain
They think they are smarter than I am.
  • #285,483
  • Aug 24, 2010 12:41pm Aug 24, 2010 12:41pm
....more short term stuff.
Attached Image (click to enlarge)
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  • #285,484
  • Aug 24, 2010 12:43pm Aug 24, 2010 12:43pm
What's happening with the euro, are we gonna be retesting the lows or even test 1.25 or is today's rise making 1.25 unlikely?
  • #285,485
  • Edited 2:50pm Aug 24, 2010 1:03pm | Edited 2:50pm
ok, i dont get it...i really dont. im a super noob i guess. and would really appreciate someone explaining this to me. i was long eur when that bad philly fed and unemployment claims data came out last week and caught me by surprise and killed the eur. i closed my positions, but re-entered new longs when we went lower thinking that we would see some kinda retracement, but the eur kept tanking,and i thought today i would close my longs and go short in anticipation of bad housing data in the us today. plus the eur broke many levels of support, fib, psych level of 1.26 even. yet look at that! the low of 1.2587 according to my chart, around 14:00 european time, and continued up slowly up all the way till 16:00, where the numbers were released. the immensely negative housing data broke that uptrend abit, but then it shot up like a speedrocket, taking me by surprise again! what the hell happened there?? we had crappy figures last week and the eur tanked. today crappy figures again and the eur shoots up??? someone please please enlighten me... going nuts with this trade... i'm usd long now btw...
  • #285,486
  • Aug 24, 2010 1:05pm Aug 24, 2010 1:05pm
1.2718 hold the rally so far now PA drifting. Possible a good short opportunity to at least 1.2522.
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  • #285,487
  • Aug 24, 2010 1:08pm Aug 24, 2010 1:08pm
Quoting Jym
Ok i need some sleep

Keep it under 1.2680 for me
You guys disappoint me

-30 pips
  • #285,488
  • Aug 24, 2010 1:08pm Aug 24, 2010 1:08pm
Quoting ak4x
I moved that chart and post HERE for safe keeping and future reference, this place is like a landfill... Everything gets buried every 3 minutes.
True, I never get more than a 50% to reply in this thread

nice work
  • #285,489
  • Aug 24, 2010 1:18pm Aug 24, 2010 1:18pm
this is a classic brokers' cheat.sig charts was lagging by 40 pips and their charts were updated later on like nothing happened. after receiving my sell limit at 1.2670 when the actual price is at 1.2702.and after updating they still filled in my sell limit order at the negative value
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  • #285,490
  • Aug 24, 2010 1:21pm Aug 24, 2010 1:21pm
Quoting ak4x
I did... found this.

Attachment

I'm glad to see you Guys hangin out in the trenches with us Retail Rats but we can be a carniverous bunch that take no prisoners and (maybe )spit out the bones when done... ((Jay and Gator like to suck the marrow))

So.... do you intend to stick a'rd and actually explain/defend/discuss your posts or you just need another place to drop a crumb and get Clicks on ye olde blog from? I ask this sincerely. And I did like your post quite a lot tho I don't use Elliot at all.

On the Down side, it won't...
I asked her out in an email last week......she said she has a boyfriend

ill be in the city next weekend maybe ill try and hit up melissa jarvis or amanda drury
  • #285,491
  • Aug 24, 2010 1:40pm Aug 24, 2010 1:40pm
Interesting to see what Asia can do to this pair because there are no signs this wants to go down yet.

In my opinion Asia should short but who knows...
They think they are smarter than I am.
  • #285,492
  • Aug 24, 2010 1:42pm Aug 24, 2010 1:42pm
on another note, still 1/4 short au 8962, 1/4 short eu 2793....
  • #285,493
  • Aug 24, 2010 1:44pm Aug 24, 2010 1:44pm
Hopefully no random hundred+ pip move during Asia

I may just wait and see what Europe has for us
  • #285,494
  • Aug 24, 2010 1:44pm Aug 24, 2010 1:44pm
Quoting kitiara
ok, i dont get it...i really dont. im a super noob i guess. and would really appreciate someone explaining this to me. i was long eur when that bad philly fed and unemployment claims data came out last week and caught me by surprise and killed the eur. i closed my positions, but re-entered new longs when we went lower thinking that we would see some kinda retracement, but the eur kept tanking,and i thought today i would close my longs and go short in anticipation of bad housing data in the us today. plus the eur broke many levels of support, fib,...
You're over-analyzing things and switching up your idea of what the market is doing.

Zoom out to the daily, weekly, and monthly charts. Remove all indicators. What is price doing?

Now add one or two indicators and/or trendlines and wait for the market to present a trade to you.

Good luck.
  • #285,495
  • Aug 24, 2010 1:46pm Aug 24, 2010 1:46pm
Wow, somebody with a Bloomberg is hanging out here...
Attached Image
  • #285,496
  • Aug 24, 2010 1:49pm Aug 24, 2010 1:49pm
Quoting ak4x
I did... found this.

Attachment

I'm glad to see you Guys hangin out in the ..................


So.... do you intend to stick a'rd and actually explain/defend/discuss your posts or you just need another place to drop a crumb and get Clicks on ye olde blog from? I ask this sincerely. And I did like your post quite a lot tho I don't use Elliot at all.

Market analysts are 10 a penny. If all he has is EW, then that's OK, but what this thread needs is real insight, and a few good stories.
  • #285,497
  • Aug 24, 2010 1:56pm Aug 24, 2010 1:56pm
Quoting kitiara
ok, i dont get it...i really dont. im a super noob i guess. and would really appreciate someone explaining this to me. i was long eur when that bad philly fed and unemployment claims data came out last week and caught me by surprise and killed the eur. i closed my positions, but re-entered new longs when we went lower thinking that we would see some kinda retracement, but the eur kept tanking,and i thought today i would close my longs and go short in anticipation of bad housing data in the us today. plus the eur broke many levels of support, fib,...
You should not figure out yourself news outcome because there is only one way to know it, which is if you know whats happening behind the stages just before the news. Sometimes it can be seen in charts but even that is just an educated guess, there is no 100% guarantee. There is always disagreement.

Its much better to see 1st reaction and trade 2nd. Best way is to not trade news at all, just do normal trading. In this case you avoid big losses because these are the cases where they most likely occur.

Just personal view
They think they are smarter than I am.
  • #285,498
  • Aug 24, 2010 1:57pm Aug 24, 2010 1:57pm
Quoting mfoste1
on another note, still 1/4 short au 8962, 1/4 short eu 2793....
nice work, i am short au from 8901 and eu from 2871
  • #285,499
  • Aug 24, 2010 1:58pm Aug 24, 2010 1:58pm
Why I am buying euro, and where I anticipate a target.
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  • #285,500
  • Aug 24, 2010 2:02pm Aug 24, 2010 2:02pm
Quoting Atlast
Why I am buying euro, and where I anticipate a target.
You already bought or just wait some? Right now looks like a fake breakout try down but minds change quickly. It might fire up hard soon too.
They think they are smarter than I am.
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