EURUSD

this is just a short term trade.. i didnt target for 2800.. 3468 is my red number onwards.. hourly close below that.. then you can see how easily it could reach my target.. we will see

You may succeed one or two occasions but this way chances of losing is more... i want you to have green pips... but just be careful..

this is my trade way from last two years.. and i m happy that i can earn with that.. the main thing in forex is earning.. whatever the trade method you choose thats okey.. yes i m carefully watching my trade.. so nice for well wishing..

just curious... why can't he/she trade this way?

nice entry for scalping, i just targeting 1.3460

if hourly candle coudnt manage it to close below 3468.. then i will put my tp limit at 3456..

your wish is going to became a true dude.

Well Trade.

ok , so far , a small breakout at last last night , now daily candle 7th of the bull rally to go up direct possibly to next target 3648 keeping any retracement chance to minimum 3410. planning buy 3447 at & below .I see breakout there again at 3447 , so next levels ok 3437,27 & 11 to take long.so waiting it stop down first .lets see
fontu

out at 3448..

Good one Shah..keep it up...may you target 100 pips every day

I am a true Russian HERO!!!

damn I picked the wrong pair I've been and still am short GBP but euro moving down faster.

Good morning Traders,

in my last posting I stated, that the top may be already in.

This night I read a part of Neelys Book - Mastering Elliott Wave, especially the part about charting markets which are open 24h and the problems related with it.

I tried his approach to chart the action with monowaves despite my regular candle sticks and came up with the following chart/count.

It shows, that all the moves/waves are at its places and Awesome Oscillator corresponds accordingly.


Only one thing drives me nuts:

Liquidity consumers are net short since days, Dukascopy shows nearly 68.5% shorts (SWFX Data), Oanda shows 52% shorts. Question: what do SWFX-Traders know what Oanda-Trader do not know (or vice versa)?

Maybe the answer lies in the following explanation of Dukascopy (SWFX):

Liquidity consumers are represented by individual clients, brokers, investment companies and hedge funds. The sentiment ratio of this group is the percentage of longs or shorts in the overall amount of open trades, executed by the liquidity consumer. The index also includes liquidity from individual bids and offers of the foregoing participants if it is not provided on a regular basis.

Maybe Oanda-Data are only the data of the retail investors.

The SWFX data can be seen as a contrarian indicator. But my experience over the last weeks is, that several times at significant tops or bottoms the herd was right.

Would like to hear some comments/opinion about this.

More later......


Best to you all,

Markus

for me 3427-35 is the danger area.. it could bounce from there but this bounce will be invalidated if 30m closing below 3432

2011-01-19 _ 23h15 CET _ EUR-USD : CLOSING (Wednesday)


EUR-USD : 1.3473 (rollover)


(+07) Trend + Potential (bullish) Stops 1.3186 (weekly) 1.3059 (system)
0.0170 Écart
1.3245 Elliott Reversal Point
1.3588 Elliott Projection (crucial reversal point 1.3527 or elongated flat correction up 1.3563)

pivots + spezi

1.3721 1.3616
1.3630 1.3555
1.3538 1.3491
1.3552 1.3462

1.3460 1.3453 <= central pp zone

1.3382 1.3445
1.3369 1.3426
1.3290 1.3352
1.3212 1.3291

Erstellte Punkte
E-Punkt K-Punkt
1.3451 1.3520


Highest been given : BID
1.35383

Lowest been taken : ASK
1.33686


Market rythm : first down ... then up again ...

Modus : we buy dips (entry in green zone) ... and exit higher then again ... cash those dreams before they are gone ... or even reverse (in order to increase our rewards) ... Achtung: cross of above 1.3555 - 1.3565 zone would give 1.3630 ...




;-)





Ende

thanks dude, reach target and short again @3450 targeting today low.
from there I will enter long to target another 20 pip up.

Good day to you,

Well done in spotting the fake. You know what you are doing. All the best to you.

I traded the same plan ( scalping). Herewith the trades as well as one for yesterday.

Yu seem to call it 9/10 times correct ....well done.

i thought you were Egyptian!
Happy New Year by the way... will get back to that thing soon..

anna

Try fib time zone on your waves.......measure from beginning of pattern to wave 2 of extension.........

Pattern tops at 2.618 line dynamic timing and it fits the footprint or time rythem.....

It also matches something with the moon...........some others called it in planet thread........

So if everyone recognizes this is a top..........shouldn't the markets blow of the top and act contrarian? or are we finally on the right side of the market?