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  • #304,281
  • Oct 11, 2010 12:27pm Oct 11, 2010 12:27pm
http://www.forexfactory.com/showpost...stcount=304304

Dont underestimate a move to 1.3650 in the coming days people.

Harry
  • #304,282
  • Oct 11, 2010 12:30pm Oct 11, 2010 12:30pm
Quoting Lorna
My stops were far too wide; they'd started out at 20 each but, 'thinking' there had to be support on the pair somewhere, I widened them to 107 & 121 (bloody stupid I know)....
as you widen stops you % of sl should not change. if your have problems use less then 1 %... you tp should be a realistic # for your time frame. your tp at least should be 2x your sl.. move to be when able. let winners run.. just move sl up with the trend.
those who can, do. those who cant, talk about those who can
  • #304,283
  • Oct 11, 2010 12:31pm Oct 11, 2010 12:31pm
"Don't fight the FED!" That's what a lot of analysts are saying.Looks like today, we have a little bit of FIGHT THE FED,we saw some USD appreciations.What will be next....hard to say.
  • #304,284
  • Oct 11, 2010 12:33pm Oct 11, 2010 12:33pm
The triangel count is invalid because of the corrective wave blue b in the middle of the chart. See chart for description. I had overlooked, that the b wave pushed under the start of the preceding a wave. That is not allowed in a zigzag.

And because we are dealing here with a triangle only zigzag movements are allowed.

Bye bye triangle.......


The only valid count so far is the count which starts at the end of C of Y of 2 and has a Leading Diagonal in its first wave. Now we are in a big flat (flat, because of Wave a is a flat, wave b is a zigzag, so wave C has to be an impulse). The C-Wave of this flat will violently push higher and should conclude beneath 1.4029 to not invalidate this count.


For pictures see my blog, which address can be accessed in my signature.
  • #304,285
  • Oct 11, 2010 12:33pm Oct 11, 2010 12:33pm
Quoting Lorna
Oh cool, thanks Paul. There's a lot of sense in your steps. Not sure I know how to use all of them, particularly the fibs but I will give them another go. Your 7) is a particularly good point for me to note, I have a bad habit of adding to the trade after it has gone wrong but 'kinda getting back there'. I should know how many times that doesn't work!!
Guess one of my biggest mistakes is trying to do this as a means to make a living rather than, as you say, starting out small till I get the hang of it. So back to the drawing board - after a rest...
Good luck .

Always remember if you are 100% certain of your trade you have a 50% chance of being right always.
making green pips large and red pips small this is my goal.
  • #304,286
  • Oct 11, 2010 12:34pm Oct 11, 2010 12:34pm
Who knows where can i see Trichet speech??
  • #304,287
  • Oct 11, 2010 12:34pm Oct 11, 2010 12:34pm
Quoting egkid
The most important lesson for free
http://www.youtube.com/watch?v=TFAGFyRYyHY
Ha ha nice one Egkid, you reminded me that I have a ballroom class tonight in just over half an hour. I can assure you I am a much better dancer than trader. Plus you've made me smile again. I was going to give the class a miss to slog some more at this, cos ballroom with its fox trot, cha cha cha & various waltzes isn't quite as much fun as the numerous salsa parties I go to (or just good old RnB in some club) but it has to be a good way of relaxing me for a few hours before Asia kicks in. Yeah
  • #304,288
  • Oct 11, 2010 12:35pm Oct 11, 2010 12:35pm
Quoting kassec
How deep ?
Sorry for answering late. Was busy with counting......

I think we have a good chance to visit 3855, with luck 3840
  • #304,289
  • Oct 11, 2010 12:36pm Oct 11, 2010 12:36pm
Quoting Lorna
Oh cool, thanks Paul....
Interesting thing is this that most of beginners do the same mistakes, 100%same mistakes at the same time. It seems that market has its own brain. Anyways i stopped live after losing, i would like to thank everybody here who are guiding me, and Special Thanks to DMA & Z3iz3i,

DMA, i couldn't stop the temptation of live even i was losing, but after i started acting upon your advice, much better now, no itching of live right now, only studying.
Holy Grail - Patience and Acceptance
  • #304,290
  • Oct 11, 2010 12:37pm Oct 11, 2010 12:37pm
Did I mention how much I hate making trades on holidays. I just wish this range would flatline until a real session. Don't want another stop tripped when it'll become normal again soon.
  • #304,291
  • Oct 11, 2010 12:38pm Oct 11, 2010 12:38pm
Quoting infinitus
Sorry for answering late. Was busy with counting......

I think we have a good chance to visit 3855, with luck 3840



Damn, now I can not say, maybe broader subwave 4 correction

or start of C-Wave
  • #304,292
  • Oct 11, 2010 12:38pm Oct 11, 2010 12:38pm
Quoting paul1
I am quite new ,few months but whats helping me focus is some advise I've taken in :-
1) look for shorts below daily open
2) 200ema below that too
3) pull a fib from daily high low ,if it stays below around the 50% keep short bias
4) pull fib from recent high lows same thing around the 50% lvl
5) keep eye on the...
nice advice paul!

however, no matter the technical or fundamental reason we do in our trading style, your number 6 and 7 is the most important starting point..

I've lost so much money in the first 2 year i'm starting trade in forex market. It's just because those two things..

ego, greed and stubbornness.. kills me..
  • #304,293
  • Oct 11, 2010 12:38pm Oct 11, 2010 12:38pm
Quoting almubashir
You are not alone, i'am here with you though you far away, you're always in ......
Aw thank you
  • #304,294
  • Oct 11, 2010 12:41pm Oct 11, 2010 12:41pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/gif.gif

2010-10-11 _ zigzagtracktracer (03h28 CET) EUR-USD 015min _ 000.GIF (34.1 KB)


...

RECAPITULATION :

Highest been given has been 1.40130 today ... lowest been taken has been 1.38664 after this high ... (until now)

Risk is growing at the downside ... while below 1.4030 - 1.4066 ... possibly 1.3945/ 40 ... Wellington low again ... during Asian Session ...

Cross of below 1.3916/ 01 ... and one more sell off towards 1.3876 - 1.3847 ... or even towards 1.3795 - 1.3765 should be possible then ...

Only a break of 1.4066/ 77 limits would be a bullish trigger again ...

We are selling ... and a cross below 1.3916/ 01 is expected later then ...

Schaun wir mal ... and it still does not look soo funny for bulls atm ...

http://cdn.forexfactory.com/images/attach/gif.gif 2010-10-11 _ zigzagtracktracer (18h46 CET) EUR-USD 005min _ 000.GIF (31.0 KB)

Elliott :

Projection : Correction ZigZag 1.3879 + 1.3833 from 1.4029 ...

Note : bearish parabolic SAR in both settings triggered ...

Entry stops and acceleration below 1.3949, Key points below 1.3949 ...


Bis denne ... palim palim ...

And now we are waiting for the daily closing numbers only ...


;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-11 _ zigzagtracktracer (18h46 CET) EUR-USD 005min _ 000.GIF Size: 31 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #304,295
  • Oct 11, 2010 12:41pm Oct 11, 2010 12:41pm
Quoting egkid
Hi
Have u got my previous post?
BTW it's look like kidding but believe me it was one of most important lesson to me in trading.
Is that the one with the Waltz? Yeah I got it thank you and it really cheered me up. I'm always happy when I'm dancing - and when I'm not sat here, I'm always dancing
  • #304,296
  • Oct 11, 2010 12:41pm Oct 11, 2010 12:41pm
Quoting Lorna
There must be something wrong with the way I think; I'm such a shit trader

I'd hung on to those 2 longs in EU all day, (with another in AUD/USD) till that last bear surge and closed all 3 out thinking I just couldn't let the losses grow any bigger. Finally putting on a short in AUD/USD (why not!!) so naturally the direction immediately changed.

Why can't I see where the trend is going? It's been going down all day, and really doesn't look that different now. How am I ever going to get the hang of this before it's too late?? ...

hi friend! Do not despair, take it as an experience! Then do not get cocky, but look for major price levels, volumes, support and resistance, and if not enough to cover and look for an exchange with a higher rate of 'euro, for example aud, sell EUR / USD ..... goes wrong? Just above a strong resistance buy eur / aud and expects the tie .. reduce the loss, quit and restart! Risk management and cold-blooded!
There is only one right price.... what the customer is willing to pay !
  • #304,297
  • Oct 11, 2010 12:43pm Oct 11, 2010 12:43pm
Hey, board is very busy today.

For all who are interested in EW, I made a statement, that the triangel count is invalid, and the count with the leading diagonal is the only one which passed all the tests.

For pictures and further text visit my blog.
  • #304,298
  • Oct 11, 2010 12:44pm Oct 11, 2010 12:44pm
Quoting Lorna
Ha ha nice one Egkid, you reminded me that I have a ballroom class tonight in just over half an hour. I can assure you I am a much better dancer than trader. Plus you've made me smile again. I was going to give the class a miss to slog some more at this, cos ballroom with its fox trot, cha cha cha & various waltzes isn't quite as much fun as the numerous salsa parties I go to (or just good old RnB in some club) but it has to be a good way of relaxing me for a few hours before Asia kicks in. Yeah
Good to know u feel better now
Trading same like dancing in my view and most important lesson i learn
When u look to your chart try to listen to the rhythm of the market, Later by time u will know what i mean
Wish u all the best
CU
  • #304,299
  • Oct 11, 2010 12:46pm Oct 11, 2010 12:46pm
try a short now at 3898
  • #304,300
  • Oct 11, 2010 12:48pm Oct 11, 2010 12:48pm
Quoting arry01
http://www.forexfactory.com/showpost...stcount=304304

Dont underestimate a move to 1.3650 in the coming days people.

Harry

As I posted before, When I look my weekly chart, I can't help but thinking we may be heading south bit more further (certainly 1.36 levels are possible) before hitting 1.40 + range meaningfully.
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