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  • #388,501
  • Feb 16, 2011 10:35am Feb 16, 2011 10:35am
Selling it all. Taking on all buyers, how far can you go?

<3 higher prints
  • #388,502
  • Feb 16, 2011 10:35am Feb 16, 2011 10:35am
Quoting cloggie
Covered all.


Come on muppets, time to ridicule the ones that know how to trade again, don't let me down.
100% accurate,gj on your side.
  • #388,503
  • Feb 16, 2011 10:35am Feb 16, 2011 10:35am
Quoting Gleneagles
I trade the patterns on small timeframe (5M). These patterns are predicatable and created because it follows the harmonic vibrations ..beats...waves...of Euro. The typical beats are 20 pips or multiples of 20 pips. It has been discussed/mentioned plenty times in the thread before. Cloggie trades them as well but in a different manner.

I use custom software to assist in identifying the waves/beats and aim to take 12 pips from the 20 pips or multiple thereof.

There is nothing new or groundbreaking regarding this method, some traders trade the patterns...

Thanks for answering in detail Glen.

I sent you a PM for the software that assists you. Did you make it for yourself or can it be bought from a third source? Thanks for being so kind to answer -
  • #388,504
  • Feb 16, 2011 10:36am Feb 16, 2011 10:36am
Quoting JokerCPT
Gleneagles is where in SA? I'm from Cape Town.
JHB
" Never let the past hold the future to ransom "
  • #388,505
  • Feb 16, 2011 10:36am Feb 16, 2011 10:36am
Huh? You are asking others to call someone out ? Hmm. Seems a tad on the antagnostic side to me but hey whatever lol


Quoting cloggie
Covered all.


Come on muppets, time to ridicule the ones that know how to trade again, don't let me down.
  • #388,506
  • Feb 16, 2011 10:36am Feb 16, 2011 10:36am
i have mistakenly place stop buy instate of limit sell, end up in sweet surprise +15 pip
Mohan
  • #388,507
  • Feb 16, 2011 10:37am Feb 16, 2011 10:37am
Quoting AllyB
London close at it's finest!
  • #388,508
  • Feb 16, 2011 10:37am Feb 16, 2011 10:37am
longs closed, started late. 70 pips in 1 hour. the highest i have is 71 on h4 but we'll drop for a while now. 12 possible
  • #388,509
  • Feb 16, 2011 10:37am Feb 16, 2011 10:37am
13600/20 is on cards today . IMO first daily high is to be taken out of way
  • #388,510
  • Feb 16, 2011 10:39am Feb 16, 2011 10:39am
At the top today I thought about a truncated 5th.

It wasn't one.

The corrective up move ended at 3570. I was expecting a 5 wave impulse move up and saw only two impulses.

It was a big mistake. The move that we saw finally was an ABC - impulse - correction - impulse

Since all the moves in the whole corrective moves since the low at 3428 followed this pattern it was a mistake to wait for a 5-3-5-3-5 pattern.

The move down today is on some TF's hard to count as an impulse. On 1h chart especially the middle part looks suspect and leads to a conclusion, that it may be eventualy an ABC pattern. Especially the high pressure on the end of the down move looked suspicious with the high retracement. Highest momentum at the end of a wave shows most of the time a C-Wave.

As I write this the waves up seems to trace out a 5 wave impulse and have nearly retraced all of the down wave. If one looks at lower TF's the impulse up is not a 5 wave impulse but rather corrective nature. Hence I think it is the Y wave up

So I think todays high was the end of the W-wave of the correction, todays low the X wave and now we are up for a hopefully final Y wave.

Hopefully, because we can see again a down up sequence. EW allows for that. The next wave down would then be labeled (x) and the up wave Z
  • #388,511
  • Feb 16, 2011 10:39am Feb 16, 2011 10:39am
usd/chf very heavy drop....
  • #388,512
  • Feb 16, 2011 10:39am Feb 16, 2011 10:39am
Bull progress ok , so far i see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #388,513
  • Feb 16, 2011 10:40am Feb 16, 2011 10:40am
Had a harsh drawdown two days in a row so wasnt in the mood to post.

When i was marking this i was considering to buy but it went without me and didnt want to catch the last pip, so left it http://www.screencast.com/users/Vlad...2-5d7cfd6c8430


Gleneagles thanks for the reply.
  • #388,514
  • Feb 16, 2011 10:42am Feb 16, 2011 10:42am
can some experienced traders here tell me about how you get over the "not trusting your own judgement" phase which i seem to be stuck at forever? i keep taking profit way too early and missed out on good rides this week; i had the long from 1.3486 (lower bollinger) and chickened out at the round number. it's getting heaps frustrating!

1h adx ranging, pending short at top of bollinger at 1.3570, sl 30, tp 1.3472.
Attached Image
  • #388,515
  • Feb 16, 2011 10:46am Feb 16, 2011 10:46am
Quoting Venice
3550 now...!
Quoting Venice
... 3565
Are we having fun yet? lol Maybe time to think about shorts if this bird can get turned around.
  • #388,516
  • Feb 16, 2011 10:46am Feb 16, 2011 10:46am
short done at 3566 with sl 19 pips.. target 3515..
  • #388,517
  • Feb 16, 2011 10:47am Feb 16, 2011 10:47am
Quoting infinitus
At the top today I thought about a truncated 5th.

It wasn't one.

The corrective up move ended at 3570. I was expecting a 5 wave impulse move up and saw only two impulses.

It was a big mistake. The move that we saw finally was an ABC - impulse - correction - impulse

Since all the moves in the whole corrective moves since the low at 3428 followed this pattern it was a mistake to wait for a 5-3-5-3-5 pattern.

The move down today is on some TF's hard to count as an impulse. On 1h chart especially the middle part looks suspect and leads to a conclusion,...
Where the Y wave would bring us according to your calculations.thx
  • #388,518
  • Feb 16, 2011 10:47am Feb 16, 2011 10:47am
Quoting uilymmik
can some experienced traders here tell me about how you get over the "not trusting your own judgement" phase which i seem to be stuck at forever? i keep taking profit way too early and missed out on good rides this week; i had the long from 1.3486 (lower bollinger) and chickened out at the round number. it's getting heaps frustrating!

1h adx ranging, pending short at top of bollinger at 1.3570, sl 30, tp 1.3472.

The way that works best for me is to set tp and s/l and then to walk away from the pc. I'm sure that's not what the experienced guys will say, but if I nurse a trade too much I kill it every time. So long as the tp is reasonable and together with the s/l ensures that my R:R is good, I leave the rest to the market.

So far so good!

Best wishes
  • #388,519
  • Feb 16, 2011 10:48am Feb 16, 2011 10:48am
the first step could be not reading this forum for a while, that's until you start trusting your analysis. remember our charts and analysis are the only things we have, so we better TRUST them. there's no easy answer to this except if there is any consolation, we all went through it. just have to wait it out i guess.

edit: you have to figure out what it is. from what you are saying it's fear that drives your decisions. if that's the case, then lower your trade size and once comfortable start increasing it back again little by little.

Quoting uilymmik
can some experienced traders here tell me about how you get over the "not trusting your own judgement" phase which i seem to be stuck at forever? i keep taking profit way too early and missed out on good rides this week; i had the long from 1.3486 (lower bollinger) and chickened out at the round number. it's getting heaps frustrating!

1h adx ranging, pending short at top of bollinger at 1.3570, sl 30, tp 1.3472.
  • #388,520
  • Feb 16, 2011 10:48am Feb 16, 2011 10:48am
Have fun im out, dont want to watch anymore for today..
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