So then...if that all plays out, then the daily target basically matches the weekly target that I have been trading towards for weeks at 5294. Ok, off by 3 pips. 
Weekly:
Weekly:
- #436,922
- May 5, 2011 7:16pm May 5, 2011 7:16pm
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Hi PC,
have another game plan:
this is a wave 4 action (up). It should ideally go to the wave 4 area of one lesser degree. That would be up to around 460.
Than wave 5 action down to around 4465 to 440.
NFP then will lead to a push higher for a corrective wave 2 (higher degree) which could test and target 4770
Don't have an ego. Always question yourself and your ability.
- #436,925
- May 5, 2011 7:18pm May 5, 2011 7:18pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Oh sorry, forgot to mention:
expect a complex correction for the recent wave 4
- #436,926
- May 5, 2011 7:18pm May 5, 2011 7:18pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
hey junkies
got the dippers
got the dippers
- #436,927
- May 5, 2011 7:19pm May 5, 2011 7:19pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Wonder if cloggie will like my IF/THEN statement
- #436,928
- May 5, 2011 7:19pm May 5, 2011 7:19pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #436,929
- May 5, 2011 7:21pm May 5, 2011 7:21pm
So then...if that all plays out, then the daily target basically matches the weekly target that I have been trading towards for weeks at 5294. Ok, off by 3 pips.
Weekly:
- #436,932
- May 5, 2011 7:26pm May 5, 2011 7:26pm
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Don't have an ego. Always question yourself and your ability.
- #436,933
- May 5, 2011 7:34pm May 5, 2011 7:34pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
You got a plan ? with that list ?
part of plan should be look at your weekly charts for s/r lines
here you go .. each one of those BUYS is in a MAJOR cluster of s/r from 1.4620 up. That is why I mentioned to pip chick sell 4620 on a test
You want to trade like that go right ahead it is your money to lose
Your long should have been 1.4530 to 1.4600 maybe
part of plan should be look at your weekly charts for s/r lines
here you go .. each one of those BUYS is in a MAJOR cluster of s/r from 1.4620 up. That is why I mentioned to pip chick sell 4620 on a test
You want to trade like that go right ahead it is your money to lose
Your long should have been 1.4530 to 1.4600 maybe
I'm back guys - still sticking to my plan:
buy at 1.4580
buy at: 1.4610
buy at: 1.4635
buy at: 1.4655
close at: 1.4670
profit: +30pips +25pips + 20 pips +15pips
Anyone to join?
Blogging daily now at www.volume.zone
- #436,934
- May 5, 2011 7:36pm May 5, 2011 7:36pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #436,936
- May 5, 2011 7:37pm May 5, 2011 7:37pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
do not worry ...EW is so open to interpretation. Give 50 computers an algo for ew and 200 traders each one will come up with something different
Simple s/r is the key.
Simple s/r is the key.
Im so lame when it comes to Elliott wave. For some reason Ijust cant wrap my brain around it
Blogging daily now at www.volume.zone
- #436,938
- May 5, 2011 7:44pm May 5, 2011 7:44pm
- | Commercial User | Joined Feb 2008 | 7,908 Posts
Of to bed.
Cloggies been ignoring me all day. Must been put on his iggy list. Done with my research for historical SRs in this area.
Trade well.
The finest tool in the world still needs a MAN who KNOWS how to use it.
So "IF" the previous daily candle low (4509) holds, "THEN" the daily target becomes 5291.
Daily Targets:
by the Doji's at the top. Wouldn't be the first time I'm wrong though,
and not staying awake during TY.
