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  • #390,821
  • Feb 18, 2011 9:47pm Feb 18, 2011 9:47pm
Quoting pkimnyc
1 question.

why is your wave 3 abc?
thought one of the rules were wave 3 must be impulse, so as initial wave.
Learned the trick from IAN COPSEY...

www.Harmonicelliotwave.com

Works very well to not miss out on an entry.. and the fib relation wave to wave also works much better.

Those are Bob Pretcher rules or elliots in which market structure is in 5 waves with all kinds of extensions ... But... here all waves come

in 3's.. Not 5?
Markets are not Random, they are designed!
  • #390,822
  • Feb 18, 2011 9:50pm Feb 18, 2011 9:50pm
Quoting Raza
Learned the trick from IAN COPSEY...

www.Harmonicelliotwave.com

Works very well to not miss out on an entry.. and the fib relation wave to wave also works much better.
ooook....
  • #390,823
  • Feb 18, 2011 9:53pm Feb 18, 2011 9:53pm
Quoting pkimnyc
ooook....
I am sure you have read his Post( charts)...

His way of finding FIB ratios are difficult.. I have a much better and simple way of finding that to the PIP....at least for EURO..
Markets are not Random, they are designed!
  • #390,824
  • Feb 18, 2011 9:54pm Feb 18, 2011 9:54pm
Quoting Raza
I am sure you have read his Post( charts)...
didn't pay attention. lol
  • #390,825
  • Feb 18, 2011 9:57pm Feb 18, 2011 9:57pm
Quoting pkimnyc
didn't pay attention. lol
It is very interesting..... you should .. he is on Dailyfx.com. (AS Fx-FORECASTER) Also in elliotwave forum in FF.

He had written a book as well published by WILEY.
Markets are not Random, they are designed!
  • #390,826
  • Feb 18, 2011 10:00pm Feb 18, 2011 10:00pm
Quoting Raza
It is very interesting..... you should .. he is on Dailyfx.com. (AS Fx-FORECASTER) Also in elliotwave forum in FF.

He had written a book as well published by WILEY.
Dailyfx.com?
Lol that is the site you have to opposite to get good trades.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #390,827
  • Feb 18, 2011 10:05pm Feb 18, 2011 10:05pm
Quoting KillerWhale
Dailyfx.com?
Lol that is the site you have to opposite to get good trades.
I dont follow them... But at least people have some better clue there than most in FF.

Anyways what if we have something like this... and then we can say WTF...happened?

PK have a look and tell me it is not possible..
Attached Image (click to enlarge)
Click to Enlarge Name: 1 EU.jpg Size: 184 KB
Markets are not Random, they are designed!
  • #390,828
  • Feb 18, 2011 10:05pm Feb 18, 2011 10:05pm
Quoting Raza
It is very interesting..... you should .. he is on Dailyfx.com. (AS Fx-FORECASTER) Also in elliotwave forum in FF.

He had written a book as well published by WILEY.
i rather prefer following one rule.
too many rules mixed up together is no good for me, as anything can be possible. the reason i stick to ew is to go through the elimination process.
if anything can be possible then what's the point of throwing ew in my tool box?
besides, ew is for general direction. doesn't really help in entry picking in my case, but that's just me. if it works for you then it's good.

  • #390,829
  • Feb 18, 2011 10:07pm Feb 18, 2011 10:07pm
Quoting Raza
I dont follow them... But at least people have some better clue there than most in FF.

Anyways what if we have something like this... and then we can say WTF...happened?

PK have a look and tell me it is not possible..
personally, i'm not counting on that unless i'm drunk.
  • #390,830
  • Feb 18, 2011 10:08pm Feb 18, 2011 10:08pm
Quoting pkimnyc
personally, i'm not counting on that.
....

Alright..

What I have discovered I shared..cause it is not that it works for ME... It is the way MARKET HAS BEEN WORKING...
Markets are not Random, they are designed!
  • #390,831
  • Feb 18, 2011 10:12pm Feb 18, 2011 10:12pm
Quoting Raza
....

Alright..

What I have discovered I shared..cause it is not that it works for ME... It is the way MARKET HAS BEEN WORKING...
gl with your venture.
  • #390,832
  • Feb 18, 2011 10:37pm Feb 18, 2011 10:37pm
Quoting pkimnyc
i rather prefer following one rule.
too many rules mixed up together is no good for me, as anything can be possible. the reason i stick to ew is to go through the elimination process.
if anything can be possible then what's the point of throwing ew in my tool box?
besides, ew is for general direction. doesn't really help in entry picking in my case, but that's just me. if it works for you then it's good.

right, one rule would be more direct us,
so we are not confused with our rules
only an analysis, and I'm always wrong, don't follow me,
  • #390,833
  • Feb 19, 2011 12:14am Feb 19, 2011 12:14am
Quoting essenza
i don't really care about her trading style or results, i just read all books that have written history of FX Market, IMHO, it will get back to that path if economic theory of equilibrium is correct that market value is simply moved by supply and demand and if it's not then human greed and willing to dominate must take over the FX world in the future until all collapse by it self.
Are you a profitable trader and just bored?
or just broke?
  • #390,834
  • Feb 19, 2011 12:52am Feb 19, 2011 12:52am
Quoting pkimnyc
gl with your venture.
Thanks
Markets are not Random, they are designed!
  • #390,835
  • Edited 1:06am Feb 19, 2011 12:55am | Edited 1:06am
Just finished reading all posts of this thread written from London open to NY afternoon. Did this reading to know why and how traders lose their focus.

If someone wants to know how bulls and bears get trapped, these posts are good reading. I think many traders get trapped becuase they are 'Subconcious Bulls or Bears" and ignore even very clear voice of the market if it is against believes in their subconcious minds.

Another thing I found was how a right longer-term vision gets blurred by short-term market noise.

Third thing I learned is how drastically even one single exception shatters confidence of traders in their methods.
The Thief of Wall Street
  • #390,836
  • Feb 19, 2011 1:10am Feb 19, 2011 1:10am
Man Trust what you see but don't trust what you hear.



Quoting fontu
Yeah just taking general precaution as can take any direction & present UP future uncertain.Broke the utl without any reaction /cordially accepted , false /temporary any & even the breaks the channel down next may not change the motive so easily. anyway just watching the last small wave where end.
fontu
  • #390,837
  • Feb 19, 2011 1:15am Feb 19, 2011 1:15am
HELLO there just Trade what you see..

can Particepate here?
if yes, well i can see that the market will retrace back dawn.

Quoting Raza
I dont follow them... But at least people have some better clue there than most in FF.

Anyways what if we have something like this... and then we can say WTF...happened?

PK have a look and tell me it is not possible..
  • #390,838
  • Feb 19, 2011 1:24am Feb 19, 2011 1:24am
Quoting JuliusCeasar



daily close above 3630 and bears are fecked




.
Yap.

I will wait for a pullback to 3620 area

If it holds as support i add to my 3550 long

Same play if it breaks above 3740 (buy pullback if 3740 holds as support)

Rinse and repeat at 3860

Only risk is going back to retest 3425 but bull seems strong closing week near it's highs




.
Mind over matter..I don't mind and you don't matter.
  • #390,839
  • Feb 19, 2011 1:32am Feb 19, 2011 1:32am
Quoting JuliusCeasar
Yap.

I will wait for a pullback to 3620 area

If it holds as support i add to my 3550 long

Same play if it breaks above 3740 (buy pullback if 3740 holds as support)

Rinse and repeat at 3860

Only risk is going back to retest 3425 but bull seems strong closing week near it's highs




.
And of course a "rubbish" chart to explain why

Attached Image (click to enlarge)
Click to Enlarge Name: EU.GIF Size: 16 KB
Mind over matter..I don't mind and you don't matter.
  • #390,840
  • Feb 19, 2011 2:23am Feb 19, 2011 2:23am
Quoting JuliusCeasar
And of course a "rubbish" chart to explain why

Attachment
nice plain chart, clearly you can see where the buyers and sellers are placed.


ps where in kenya are you based? am trading from nairobi
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