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  • #365,481
  • Jan 16, 2011 8:12am Jan 16, 2011 8:12am
Quoting PhAnTi'
wise words.
it came from him

bro hope u did enjoy the weekend
Attached Image
  • #365,482
  • Jan 16, 2011 8:14am Jan 16, 2011 8:14am
fontu,

i had something similar but it doesn't work as the completion of yellow C violates wave 1...

unless the fall from 42xx-29xx is wave 1 as marked in purple and we are in wave 2 correction as you mentioned before... then yellow impluse wave is complete at the end of purple wave 2 correction... tough stuff this elliott wave...

it would invalidate my bearish bat chart from earlier...
Attached Image (click to enlarge)
Click to Enlarge Name: elltio eu.png Size: 85 KB
  • #365,483
  • Jan 16, 2011 8:14am Jan 16, 2011 8:14am
Quoting kill56
it came from him

bro hope u did enjoy the weekend
i did.
hope u did as well?

crashed stuttgarts night life yesterday and be rdy for eu 400 pip drop next week
Hero calls followed by margin calls...
  • #365,484
  • Jan 16, 2011 8:17am Jan 16, 2011 8:17am
Quoting Robert99
I keep seeing posts about 10V vouchers and senior members and some class status attached to these vouchers and I wonder what that is all about.

Does that mean that if I P O one of the 10V senior members they can suspend me. Seems like an interesting system considering all the different personalities I see posting here.
Yes, I have been suspended 5-6 times in the past month and a half.

I was literally suspended for saying ...


Quoting mikej2010
You might be exactly one week late on that.

lol, it's just FF where there are bigger ego's then in the military or football {from my experience} ... I find it comical, I can only imagine how many people bring these forums 'home' with them and have it deter-main their mood of any particular day ...
  • #365,485
  • Jan 16, 2011 8:18am Jan 16, 2011 8:18am
Quoting mikej2010
looking at the image ... /tinfoil hat

but instead of spending all weekend with family and having fun, I sat here thinking about how I could impress the 90% of 10v+ members ... such as Cloggie & GulfCoastPips ...

Can't wait to see the post-candlestick calls & 5 minute forecast! /hooray 6th ban.

Joking aside {or not} Another good day in the Great State of Texas ... how was yours and everyone else's?

Anyone in Germany?...

man i love to go south of the river reynosa i miss caprito el pastor
  • #365,486
  • Jan 16, 2011 8:20am Jan 16, 2011 8:20am
Quoting Robert99
I keep seeing posts about 10V vouchers and senior members and some class status attached to these vouchers and I wonder what that is all about.

Does that mean that if I P O one of the 10V senior members they can suspend me. Seems like an interesting system considering all the different personalities I see posting here.
keep posting those long ones and u will be kiddddding


great info keep it up
  • #365,487
  • Jan 16, 2011 8:20am Jan 16, 2011 8:20am
Quoting kill56
well to tell u the truth i dont give a dam where the market will be in a week or a month i take it hour by hour , now i do agree that market is fudamentals and technicals , ist 50-50 70-30 or 30-70 who cares , to me the market have an average of 200pips a day i do enjoy the range an d hit between the lines , a news might take the maeket up or down but it comes back where it was, history and chart dont lie,its a game lets stay a head of it,

thanks for the info best of luck lets make it a green week
Very interesting post. I conclude that everyone has their own method or way of trading forex. A technical trader might have a chance to make money as long as they trade using Risk Management and have a Trade Plan which includes an entry and exit strategy.

Some who trades using Price Action and Technicals as long as they trade with the above criteria as well may win at forex.

A fundamental trader that uses technicals and risk management and a trade plan has a fair chance to be a winner.

There however is one common denominator for all three styles and that surely is the Pyschology of the individual trader.

Taking your fears and insecurities and greed while trading guarantess you end up on the side of the 90% of losing traders.

That is my experienced point of view that I have determined for myself.

Whatever style you use is geared to each traders personality and work ethic. Have a good trading week.
  • #365,488
  • Jan 16, 2011 8:23am Jan 16, 2011 8:23am
hi guys . i know that its a bit irelevant however i would like to ask if anyone could suggest me a guide or a pdf on how to work with backtesting in metatrader 4.I am new with the platform and not very good with programming Any suggestions would be much appreciated. Thanks
  • #365,489
  • Jan 16, 2011 8:26am Jan 16, 2011 8:26am
Quoting Robert99
Very interesting post. I conclude that everyone has their own method or way of trading forex. A technical trader might have a chance to make money as long as they trade using Risk Management and have a Trade Plan which includes an entry and exit strategy.

Some who trades using Price Action and Technicals as long as they trade with the above criteria as well may win at forex.

A fundamental trader that uses technicals and risk management and a trade plan has a fair chance to be a winner.

There however is one common denominator...
heck ya now we are talking
  • #365,490
  • Jan 16, 2011 8:26am Jan 16, 2011 8:26am
Quoting Robert99
How do you get vouchers and then what

I keep seeing posts about 10V vouchers and senior members and some class status attached to these vouchers and I wonder what that is all about.
See link...
http://www.forexfactory.com/userguide.php#wvs_overview

Have a look under the Heading:
Wisdom Vouching System
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #365,491
  • Edited 8:43am Jan 16, 2011 8:27am | Edited 8:43am
Quoting jaylovin
fontu,

i had something similar but it doesn't work as the completion of yellow C violates wave 1...

unless the fall from 42xx-29xx is wave 1 as marked in purple and we are in wave 2 correction as you mentioned before... then yellow impluse wave is complete at the end of purple wave 2 correction... tough stuff this elliott wave...

it would invalidate my bearish bat chart from earlier...
Yes true , at times very difficult taking the right wave within many alternative untill it shows up , after 1000 pops movement still may to see if it a retracement or impulse as for example.

here ,in my chart also wave 4 overlap wave 1 , but it happens not hard & fast rules these days perhaps .

your bat may work still at it was from higher tf I think & ok .lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #365,492
  • Jan 16, 2011 8:30am Jan 16, 2011 8:30am
Quoting Magix
See link...
http://www.forexfactory.com/userguide.php#wvs_overview

Have a look under the Heading:
Wisdom Vouching System

wise man how are u, hope last week tests are fine
  • #365,493
  • Jan 16, 2011 8:30am Jan 16, 2011 8:30am
Quoting kill56
keep posting those long ones and u will be kiddddding


great info keep it up
With over 20 vouchers I see you have some power here. I will try hard to keep my posts short. With my sense of humor I could add that if some 10V members ask me to post with more details then one side or the other might become upset. Perhaps that is true with some of the associated vouchers who seem to stick together. It surely makes for good entertainment value if nothing else in between the serious posts.

I appreciate the positive nature of your post and accept any counsel from you in the way it is intended.

You have an interesting style and I see it works for you in your trading.

Thank you for your thoughts and your humor.
  • #365,494
  • Jan 16, 2011 8:36am Jan 16, 2011 8:36am
Quoting fontu
Yes true , at times very difficult taking the right wave within many alternative untill it shows up , after 1000 pops movement still see if it a retracement or impulse .

here ,in my chart also wave 4 overlap wave 1 , but it happens not hard & fast rules these days perhaps .

your bat may work still at it was from higher tf I think & ok .lets see .
fontu

yup, good luck...

not going to think about it anymore.. wait for market to give direction
  • #365,495
  • Jan 16, 2011 8:42am Jan 16, 2011 8:42am
I have attached a daily chart of the EUR/USD.


Fundamentally: I think that the fundamental outlook of the EUR/USD is still fairly balanced between a case for a bullish EUR/USD and a bearish EUR/USD and will lead to more sideways oscillating trending with a downward bias as sovereign debt issues continue to weigh down on this currency pair. On the case for the bullish EUR/USD we are still strongly performing equity markets and good risk appetite, also there was a good response to the bond auctions for both Spain and Portugal, and we also heard from a very hawkish Trichet, and we still have not gotten the really bad data out of the eurozone that we have needed to see the EUR/USD tank and everyone jump on board the sovereign debt bandwagon. However, the case for a bearish EUR/USD is still of course course the European sovereign debt issues. We have seen the EUR/USD weaken strongly from 1.42 despite robust risk appetite and strong equity markets. Also we are approaching a resistance level at 12,000 on the DOW. Additionally we are seeing a "wait and see" attitude from the eurozone promising to finally address this problem in march. Markets do not care for uncertainty and this kind of attitude and I expect the sovereign debt rumors and mayhem to continue to hamper this currency until there is finally a concrete resolution. That being said I think that we will see the EUR/USD continue to channel and drift to the downside.
Technically: We are near the daily resistance region of 1.3450-1.35 which also matches up with the 0.382 Fibbonacci resistance level in place at around 1.3470. If we have a daily close above 1.3450 I think that this pair will turn bullish and target resistance at 1.3750. However, if resistance is confirmed I would expect the pair to bounce and drop down to at least 1.31


Trade Setup

Parent and Contingent order
Entry limit sell order @ 1.3450
stop loss order @1.3550 (Will exit on hit of stop loss or daily close above 1.3450)
limit buy target order to exit trade @ 1.31
Potential risk: 100 pips | Potential Reward: 350 pips | Risk:Reward=1/3.5

If Critical Resistance @ 1.3450 is broken by a DAILY CLOSE ABOVE 1.3450

Trade Setup
Reverse Position and Enter long targeting near term resistance at 1.3750. 1.3400-1.3450 should become support. I will Place my stop slightly below 1.34.
Attached Image (click to enlarge)
Click to Enlarge Name: 1162011.png Size: 57 KB
  • #365,496
  • Jan 16, 2011 8:47am Jan 16, 2011 8:47am
Quoting Maxsmart
I have attached a daily chart of the EUR/USD.


Fundamentally: I think that the fundamental outlook of the EUR/USD is still fairly balanced between a case for a bullish EUR/USD and a bearish EUR/USD and will lead to more sideways oscillating trending with a downward bias as sovereign debt issues continue to weigh down on this currency pair. On the case for the bullish EUR/USD we are still strongly performing equity markets and good risk appetite, also there was a good response to the bond auctions for both Spain and Portugal, and we also...
I would like to share this with you and others. I just saw this report in PDF format and it relates to Gold which affects the various asset classes.

The link:

http://jsmineset.com/wp-content/uplo...-1-14-2011.pdf
  • #365,497
  • Jan 16, 2011 8:48am Jan 16, 2011 8:48am
Quoting Robert99
I keep seeing posts about 10V vouchers and senior members and some class status attached to these vouchers and I wonder what that is all about.
i wouldn't pay too much attention to this... as it is a joke..
the content of your posts are very informative and educational. thank you.
  • #365,498
  • Jan 16, 2011 8:57am Jan 16, 2011 8:57am
Hello,

I'm following this thread and it's very interesting how everybody post different analyses and trading idea / market interpretation.

So here are mine (image attached):

http://img37.imageshack.us/img37/7348/eurusdh.gif

Ok let's explain it,
Basically from 2008-10-10 we're having a lower-low and lower-high market, we had one downmove 1.23 (2008-10-27), then up to 1.5150 (2009-12-02), then down again to 1.1850 (2010-06-07), up to 1.43 (2010-11-04) and now we're going down.

Ok, as we see on the past downwave we had a straight-down move from 1.5150 to 1.34, at 1.34 price found support and we had the first intra-move resistance, there was 2 intramove resistances on such downwave.

Now, the interesting fact of the current market is that price have actually approached to the first intramove resistance of the current downwave, so the scenarios are 2:
1) we continue going up till 1.43 (and once broken that level, the major lower-low lower-high market structure will finish and we may see 1.60 before the end of the year).
2) (more probable to me) price will soon find sellers in this first retracement and will point down to 1.2000 area or in the worst case to 1.26.
  • #365,499
  • Jan 16, 2011 8:59am Jan 16, 2011 8:59am
Quoting Robert99
I would like to share this with you and others. I just saw this report in PDF format and it relates to Gold which affects the various asset classes.

The link:

http://jsmineset.com/wp-content/uplo...-1-14-2011.pdf
That is very interesting Robert. September and the months around then are usually my Gold trade. What are you anticipating the affect may be on the EUR/USD?
  • #365,500
  • Jan 16, 2011 9:07am Jan 16, 2011 9:07am
On Tuesday coming week the German ZEW Economic Sentiment is very important and i think it will help euro to rise
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