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  • #327,121
  • Nov 16, 2010 3:09pm Nov 16, 2010 3:09pm
Quoting redsword11
its all on the charts - pending something ............ implying swing, correction
Ok cool man.
  • #327,122
  • Nov 16, 2010 3:16pm Nov 16, 2010 3:16pm
update
http://www.forexfactory.com/showpost...stcount=327058
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  • #327,123
  • Nov 16, 2010 3:16pm Nov 16, 2010 3:16pm
1h chart.. .. candles have been bouncing off of 50ema im thinkin if this downtrend continues.. a limit around 50 ema might be good.. current 1h 50ema price 1.3590 im waitin for 50ema to keep going down.. i have a limit at 13550 cuz if it does retrace a little im guessin thats + or - where the candles will meet the 50ema..but if it doesnt retrace to hit my limit..then ill re analyze n see if its gonna turn around for a long or mayb find a good entry for a short...
  • #327,124
  • Nov 16, 2010 3:17pm Nov 16, 2010 3:17pm
Ist das Google Übersetzung, or how comes u can speak german?

Prost!



Quoting Larseg
Es kann diskutiert werden
Follow the Trend, thats all
  • #327,125
  • Nov 16, 2010 3:21pm Nov 16, 2010 3:21pm
Quoting Traderji
Good sensible advice there. Thank you.


However I must say the angry defensive reaction from our resident Elliot wave "Analyst" has me even more convinced it is absolute BS and not something I could trust.
Traderji,

I do not know what you are looking for here. The only BS I can see here is, that you started a completely useless thread. It was not only useless, it was insulting.

If EW does not work for you, fine. Your comments show clearly, that you are not able to handle EW. Where is the problem? Stick to your trading system. If it works for you, fine. I trade Forex for a few years now and I use Elliott Wave as a guideline to spot high probability setups. If I have found them, I execute my trading plan (moneymanagement). I use Elliott wave not only for mid or long term trading. I also use it for scalping. It works for me. Perfectly? No, not at all. I know the limitations, and (and that is important) I know at which point my count is wrong.

I know a few traders which have their screen cluttered with TL, dozens of indicators, Support and Resistance lines of various timeframes and so on. Some of these things did not work for ME. So what? I do not need to go to insult them because they use these things. They work for them.

A good trader will stay open minded. So do I. I have learned a lot here about "Trading Supply & Demand Zones". and other things. And I try to incorporate the things, that seem to be valuable or additive to my method into my trading.

I do not care what trading system you use. I am not eager to respond to any of your BS anymore.

Maybe you might decide to deal with the people here with respect (even if they are Elliotticans or do not share the same view than you). I would welcome that.

Markus
  • #327,126
  • Nov 16, 2010 3:27pm Nov 16, 2010 3:27pm
Quoting druckenmillr
not common sense... this is the wrong thread.

where's the bottom and why aren't you buying?
I'm not buying yet because Skyzer hasn't said sell.
  • #327,127
  • Nov 16, 2010 3:28pm Nov 16, 2010 3:28pm
Quoting gatorinla
i doubt you sl needs to be that wide as long as the floor falls. 3499 was the ceiling..at close.. near term floor is 3427
I hope you're right about it not needing to be that wide... but I'm with a market maker platform so I need extra safety against their stop harvesting tactics. Also want to ride out any potential pullback during this Asian session.

The most annoying thing is getting stopped out because the SL was too tight even though the general trend didn't break.

Thanks GatorInLA. Check back with you later... gotta get back to my real job unfortunately.
  • #327,128
  • Nov 16, 2010 3:39pm Nov 16, 2010 3:39pm
Quoting qwertymyfx
Das ist sehr gut.
Hi qwertymyfx,

I know, I know....., you do not like/use Elliott Wave. But I have to admit:

These number was achieved by extensive study of population growth 100 years ago and applying Elliott Wave Analysis to it. Voila: 82 Mio. LOL
  • #327,129
  • Nov 16, 2010 3:42pm Nov 16, 2010 3:42pm
maybe 1.444 after all.
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  • #327,130
  • Nov 16, 2010 3:43pm Nov 16, 2010 3:43pm
Quoting SamEnglish
I hope you're right about it not needing to be that wide... but I'm with a market maker platform so I need extra safety against their stop harvesting tactics. Also want to ride out any potential pullback during this Asian session.

The most annoying thing is getting stopped out because the SL was too tight even though the general trend didn't break.

Thanks GatorInLA. Check back with you later... gotta get back to my real job unfortunately.
we got a fib at 3496.. and ceiling at 3499 based on pa.. i dont know what type of trader you are. if your position.. then a wider stop would be better. but as for me i try to get the best entry to making protecting sl easier. with the ceiling falling its good for a scalp. but i cant say for a position trade we will or will not test 3499 again soon or not. hopefully your sl is already protected.
those who can, do. those who cant, talk about those who can
  • #327,131
  • Nov 16, 2010 3:45pm Nov 16, 2010 3:45pm
Quoting longshot_nl
maybe 1.444 after all.
the sky is falling.. get a mule and some seeds while the euro is worth something.
those who can, do. those who cant, talk about those who can
  • #327,132
  • Nov 16, 2010 3:52pm Nov 16, 2010 3:52pm
Quoting gatorinla
the sky is falling.. get a mule and some seeds while the euro is worth something.
These patterns is the finger print of smart money.
I am not calling you stupid but they know something that we don't.
I am making this trade to 1.444, after bounce move sl to be.
IMHO, december will end euro bulishness.
  • #327,133
  • Nov 16, 2010 4:02pm Nov 16, 2010 4:02pm
u guys swing trading watch out for the UP TL on GU daily.


what i nice trend continuation on EU today, but no entry signal for me.. well... waiting is the funny part in trading isnt it???







.
Follow the Trend, thats all
  • #327,134
  • Nov 16, 2010 4:03pm Nov 16, 2010 4:03pm
Quoting longshot_nl
These patterns is the finger print of smart money.
I am not calling you stupid but they know something that we don't.
I am making this trade to 1.444, after bounce move sl to be.
IMHO, december will end euro bulishness.
Euro bull run ended around FOMC nearly 2 weeks ago. Did you think the US will just sit back and lose reserve currency status without a fight?
  • #327,135
  • Nov 16, 2010 4:07pm Nov 16, 2010 4:07pm
Quoting longshot_nl
These patterns is the finger print of smart money.
I am not calling you stupid but they know something that we don't.
I am making this trade to 1.444, after bounce move sl to be.
IMHO, december will end euro bulishness.
to early to call 1.444 below weekly chart.
sellers are moving down. supply down. if we break 1.365 to the upside then we talk about upside targets. below weekly like i've said

no bailout for Ireland banks yet so more pressure until they accept new debt.
that's the game plan.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,136
  • Nov 16, 2010 4:08pm Nov 16, 2010 4:08pm
Quoting longshot_nl
These patterns is the finger print of smart money.
I am not calling you stupid but they know something that we don't.
I am making this trade to 1.444, after bounce move sl to be.
IMHO, december will end euro bulishness.
smart money? are those the ones long at 4200? sure there will be bounces. smart money is on both sides of all trades. the road from 2008 is litterd with smart money hedge funds. people loosely use the term smart money or professional traders here. as if their definition covers all traders who manage opm. i promise you its not true. they have guys who manage as much as some of Goldman's traders among us. 3470 is a smart money trigger. so is 3420
those who can, do. those who cant, talk about those who can
  • #327,137
  • Nov 16, 2010 4:11pm Nov 16, 2010 4:11pm
Quoting SamEnglish
Euro bull run ended around FOMC nearly 2 weeks ago. Did you think the US will just sit back and lose reserve currency status without a fight?
And still there was a 200 pip up move.
I have a 25 pip SL.
I have a 1000 pip TP.
Do i think you are right 40 times more then i am?
No, so this is still a good trade.
  • #327,138
  • Nov 16, 2010 4:21pm Nov 16, 2010 4:21pm
Quoting gatorinla
smart money? are those the ones long at 4200? sure there will be bounces. smart money is on both sides of all trades. the road from 2008 is litterd with smart money hedge funds. people loosely use the term smart money or professional traders here. as if their definition covers all traders who manage opm. i promise you its not true. they have guys who manage as much as some of Goldman's traders among us. 3470 is a smart money trigger. so is 3420
You are very 'level-oriented'.
And still these trendlines appear...
These levels of yours are great stuff, but there is more.

anyhow, i expect something from 1.3427 which is murreys bottom of trading range and near my confluince point.
  • #327,139
  • Nov 16, 2010 4:29pm Nov 16, 2010 4:29pm
Quoting gatorinla
smart money? are those the ones long at 4200? sure there will be bounces. smart money is on both sides of all trades. the road from 2008 is litterd with smart money hedge funds. people loosely use the term smart money or professional traders here. as if their definition covers all traders who manage opm. i promise you its not true. they have guys who manage as much as some of Goldman's traders among us. 3470 is a smart money trigger. so is 3420
I'd like to see 3533. Normally, I would say we would be likely to get it. Tonight, I'm not so sure.
  • #327,140
  • Nov 16, 2010 4:30pm Nov 16, 2010 4:30pm
Quoting longshot_nl
You are very 'level-oriented'.
And still these trendlines appear...
These levels of yours are great stuff, but there is more.

anyhow, i expect something from 1.3427 which is murreys bottom of trading range and near my confluince point.
if your correct. the level bulls will bounce from is 3406... i posted 3460.. in a typo.. i didn't think it was important so i left it. if 3406 is concrete it will get my attention. reason are on the chart. its made prier to 2008.. yes its the biggest bull i have.. i have a neutral one also.. and the bear one to 0.858
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those who can, do. those who cant, talk about those who can
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