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EURUSD

  • #445,241
  • May 19, 2011 12:03pm May 19, 2011 12:03pm
daily chart the projection will be the HZ line.

Buy the dip
Attached Image (click to enlarge)
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  • #445,242
  • May 19, 2011 12:04pm May 19, 2011 12:04pm
Quoting Flynchenberg
Well done .

Seb
thanks man. gbp 6250 TP i think we have to rach this one ;D

ok man bye for now.
looking for investors . pm me
  • #445,243
  • May 19, 2011 12:05pm May 19, 2011 12:05pm
Quoting Gleneagles
75% of the success depends on correctly identifying the levels and trading the basic patterns.

Look back over previous sessions and look for these patterns, all it takes is some screen time .
Good advice for sure. Do you weave in S/R levels? this may be something you have already covered. Actually forget this I see you have answered this previously.
  • #445,244
  • May 19, 2011 12:05pm May 19, 2011 12:05pm
Quoting PayTheLimit
I'll tell you what, sick of this action, going to lunch. My plan is this...wait for a push through/close above 4283/4305, then a close below/failure, and then sell the hell out of it, or wait for a close below 4191/4213 and sell then the piss out of it. Either way, no buying for me today, or the rest of the month for that matter...
working plan A...for a couple of hours...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #445,245
  • May 19, 2011 12:05pm May 19, 2011 12:05pm
Quoting pipper
1.4340 in sights now. Rising 20MA on 4HR may send it higher over next few days. Got my 1.43101 target so will wait for pullback and long again
well done brother ;] 197 pips today
looking for investors . pm me
  • #445,246
  • May 19, 2011 12:06pm May 19, 2011 12:06pm
Quoting PhAnTi'
no,dont try to sell top n buy bottom, but sell high and buy low

its the master thing in trading to spot the highs and lows to identify possible reversals
overbought / oversold do not exist in trading ; divergences do
  • #445,247
  • May 19, 2011 12:10pm May 19, 2011 12:10pm
All good brother.. Maybe more pips yet in the rising pot

Quoting kbmoonshinex
well done brother ;] 197 pips today
Disclaimer: Check your 1m charts
  • #445,248
  • May 19, 2011 12:11pm May 19, 2011 12:11pm
Quoting ady_babe
Good advice for sure. Do you weave in S/R levels? this may be something you have already covered.
PA will find any level that is important and react to it. I work of a rough guide spaced 20 pips apart and trade the patterns that form around these levels.

You can complicate it a lot more by putting in additional levels like fibs pivots etc but I prefer clean charts. I do mark DPP and daily open on the chart though when I start trading.
" Never let the past hold the future to ransom "
  • #445,249
  • May 19, 2011 12:13pm May 19, 2011 12:13pm
EU Hourly...
Attached Image (click to enlarge)
Click to Enlarge Name: euhourly.gif Size: 16 KB
  • #445,250
  • May 19, 2011 12:13pm May 19, 2011 12:13pm
Quoting T@rantula
Small loss taken due to major Internet disconnections, reloaded though as I was sure that we have a downtrend.

As for EU all targets have been met according to early analysis ( some losses and wins ) Overall + 40 pips today , not bad.


On my thread ( which will start soon ) I will explain how to trade a ranging market. Many thanks to my "special" friend who made some very useful indicators based on pure PA.
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yeah T s gonna blogging = D
Hero calls followed by margin calls...
  • #445,251
  • May 19, 2011 12:15pm May 19, 2011 12:15pm
Quoting PhAnTi'
yeah T s gonna blogging = D
Yes, with occasional signals
  • #445,252
  • May 19, 2011 12:15pm May 19, 2011 12:15pm
Quoting Gleneagles
LOL I will try and get a trading chart from her and post it here, it looks so damn easy on the chart
LOL, here's what mine look like. Just a pretty simple fractal support & resistance lines drawn to help me better identify supply & demand zones.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 23 KB
  • #445,253
  • May 19, 2011 12:17pm May 19, 2011 12:17pm
Quoting kbmoonshinex
well done brother ;] 197 pips today
hi bro,
I just woke up and i found first target 1.4310 was hit now waiting for the
secound one at 1.4340 then 1.4388
also I added a pending Long at 1.4275 I maybe move entry to 85
with same targets
  • #445,254
  • May 19, 2011 12:18pm May 19, 2011 12:18pm
The break of the 4300 level from a thrust that developed in the 4250 zone is putting a different picture from a trendline perspective. Whatever Elliot Wave count that you decide to put on this wave structure doesnt matter, all that it heralds is that the upward motion has got some fair distance to travel. The lower red circle will not be breached (the low of 4050 I mean) until the motion that started from the lows of 4050 comes close to at least the upper circle in blue. For now we are in a bullish scenario on this pair. Expect quite a corrective movement till the 4900 region
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 52 KB
  • #445,255
  • May 19, 2011 12:18pm May 19, 2011 12:18pm
looking for 1.43
  • #445,256
  • May 19, 2011 12:19pm May 19, 2011 12:19pm
Quoting T@rantula
Yes, with occasional signals
Hero calls followed by margin calls...
  • #445,257
  • May 19, 2011 12:20pm May 19, 2011 12:20pm
Quoting pinkiaiii
might be some good crack on weekly chart if tomorrow closes above 44
That would suck big time......
  • #445,258
  • May 19, 2011 12:21pm May 19, 2011 12:21pm
My actual EW count of EURUSD (main count):
Attached Image (click to enlarge)
Click to Enlarge Name: 05192011 1h evening main count bearish eurusd.jpg Size: 93 KB
  • #445,259
  • May 19, 2011 12:21pm May 19, 2011 12:21pm
Quoting Kambooj
Whatever Elliot Wave count that you decide to put on this wave structure doesnt matter, all that it heralds is that the upward motion has got some fair distance to travel. For now we are in a bullish scenario on this pair. Expect quite a corrective movement till the 4900 region
Yes all that matters is the price

T
  • #445,260
  • May 19, 2011 12:24pm May 19, 2011 12:24pm
Quoting Gleneagles
The best PA/pattern trader I have seen is a lady trading from Singapore..part time.

No levels on chart ..just trades from PA and price patterns.

She earns $10K/month trading 5 minilots only, no compounding......

She is a trained graphic artist and can spot these patterns and levels without all the "extras" we lessor mortals need.
Woow - do you know if she is drawing any particular lines / circles or just plain sight?
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