You can remain irrational longer than you can remain solvent.
- #357,002
- Jan 3, 2011 8:54am Jan 3, 2011 8:54am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
- #357,005
- Jan 3, 2011 9:04am Jan 3, 2011 9:04am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #357,006
- Jan 3, 2011 9:04am Jan 3, 2011 9:04am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
starting shorts from here 3371 sl 3435, may add more if it goes a little higher and adjust stops accordingly.
Monitoring strength of bears against the bulls on this upswing and just my opinion bears are showing signs of strength at these highs again just like last friday.
- #357,007
- Jan 3, 2011 9:05am Jan 3, 2011 9:05am
- | Commercial User | Joined Feb 2008 | 7,920 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #357,008
- Jan 3, 2011 9:09am Jan 3, 2011 9:09am
- Joined Jan 2010 | Status: Trader | 2,841 Posts
http://www.forexfactory.com/showthre...35#post4279135
i am loving gartley patterns - reading more and more about them.. fantastic stuff... just trying to find dumb guide to elliott waves...
- #357,011
- Jan 3, 2011 9:13am Jan 3, 2011 9:13am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
bear strength or bulls took a break for refreshments?
you guys have the best comebacks ever. Thanks man (man????)
- #357,013
- Jan 3, 2011 9:17am Jan 3, 2011 9:17am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #357,014
- Jan 3, 2011 9:17am Jan 3, 2011 9:17am
- | Commercial User | Joined Feb 2008 | 7,920 Posts
exactly where my analysis ended up give or take a pip...
http://www.forexfactory.com/showthre...35#post4279135
i am loving gartley patterns - reading more and more about them.. fantastic stuff... just trying to find dumb guide to elliott waves...
ELLIOTT WAVE PRINCIPLE
Key to Market Behavior
By: FROST and PRECHTER
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #357,015
- Jan 3, 2011 9:18am Jan 3, 2011 9:18am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
If your so into caring and sharing why don't you show us your charts so we can see what your looking at.
But you never have shown your charts have you,ever.
heres a noob chart for you to enjoy, and frankly speaking i dont care what you think
people i respect here is Gator, HDA, pipchick and samdani786 for his gartley, hes been telling us eurusd was gona shoot up ever since the start of the market this week
anyways on RSI whenever is in the 30-70 band you can enter longs on a hit at 30 and enter short on hit at 70
MACD confirms Long on the third hit ive highlighted, another reason for EURUSD to shoot up like that was the bollingerband reaction although accounted for debate MACD+RSI are good amateur indicators to enter trades at Longer TF such as H4, Daily, Weekly and Month.
today EURUSD hit in H4 the bottom bollinger band while EURUSD is still in the upside of MACD, which is a sure shot indication that EURUSD will react shooting back up as the MA has not exited the Cloud on the Upside
Long Signal was all the way back where i circled in RSI
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #357,016
- Edited 9:32am Jan 3, 2011 9:19am | Edited 9:32am
- Joined Jan 2010 | Status: Trader | 2,841 Posts
JAYLOVIN: Well said - I Love it
i used to think that at moments like these bears came in and reversed the price - sure this does happen but most of the time i lost money when trying to do this by going against/picking a top/reversal point... this might retrace but looking at the bigger picture i still this moving up - bulls not done yet....
i am a beginner at this so don't take my analysis seriously - it could reverse...
It was cloggie that told me to wait and buy on pullbacks instead of picking a top... i tried to pick a top about 8 times on a GU bull run of 300 pips... boy did that hurt... next you play dumb and follow the leader.... leader being 'Price' .... i will never forget that lesson...
keep stops in place in case it reverses... i got stopped out earlier at +5 pips at 1.3314... got back in again at 1.3324, took half off the table at 1.3380 and leaving the rest at break even - shooting for 36 but trailing stop
gl everyone...
- #357,017
- Jan 3, 2011 9:20am Jan 3, 2011 9:20am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #357,018
- Jan 3, 2011 9:21am Jan 3, 2011 9:21am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #357,019
- Jan 3, 2011 9:22am Jan 3, 2011 9:22am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
the longer it waits the more strength it will have getting too
my 13470 target.
just a 90 point boost.
- #357,020
- Jan 3, 2011 9:24am Jan 3, 2011 9:24am
- Joined Jan 2010 | Status: Trader | 2,841 Posts
If you want to learn EW, read this book at least 5 times
ELLIOTT WAVE PRINCIPLE
Key to Market Behavior
By: FROST and PRECHTER