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  • #462,941
  • Edited 11:12am Jun 15, 2011 9:32am | Edited 11:12am
Quoting 10piptrade
This was what happen re stop out
The market is still into a downward move however the 4month Ma came into play at 1.4489 which mean a 4hr need to close and open below for further down down movement which will target 1.4141 and if broken then 1.4028. this is a critical point so be patient. A up move only come into play right now with a hour open close above 1.4352. Which mean no no buying until then just stop run and re entry. Will make update as i go
Following the current trend
  • #462,942
  • Jun 15, 2011 9:33am Jun 15, 2011 9:33am
Quoting RamsesII
sorry i didn't show this very well but the count circled in red would be a b-wave low with higher to finish c/2 before further downside, whereas the black count has is now correcting in wave 4 before 1 of III or C down completes
OK, I see. For this one too chances are 50:50.

It would then be a flat correction (3-3-5).

I do not like that count, because the wave 1 (top at 496x) duration was 9 days, whereas the wave 2 correction would last then round about 30 days or more.

Likelihood does not favor that count, I think.....
  • #462,943
  • Jun 15, 2011 9:33am Jun 15, 2011 9:33am
Quoting zaphy
If it is urgent then I don't . But I can dig it up...after London close. HTH
Nope, not urgent. Daily chart trader... but I feel like any time a level 3 pivot is hit, it's best to take profit and wait for a reload at a better price. Always seem to get a pretty solid bounce and temporary short term trend change.
  • #462,944
  • Jun 15, 2011 9:35am Jun 15, 2011 9:35am
Quoting infinitus
OK, I see. For this one too chances are 50:50.

It would then be a flat correction (3-3-5).

I do not like that count, because the wave 1 (top at 496x) duration was 9 days, whereas the wave 2 correction would last then round about 30 days or more.

Likelihood does not favor that count, I think.....
Ello Marcus,

Have been wondering, what is a impulse move in the waves? I think I see these every so often... are they the ones that move on BS, and generally end up being a fake out, usually due to some random news that the markets end up not caring about?
  • #462,945
  • Jun 15, 2011 9:36am Jun 15, 2011 9:36am
Quoting stulic
Because If I'd be makin' a million bucks a week I'd be banging hot chicks on my yacht in the caribbean snorting coke and having champagne showers, not trying to fool some poor traders on ff.com.

Fool.
Call me a fool it dosent matter,i need not be told that you lack maturity or respect for fellow men.if you had looked closely,you would have seen that the account wasn't even a mega or million account,it was just a $122 live account which has grown to about $1700 when the update was made and presently sits at $2000,its just a test account,but you never noticed that,cos you were all about beef and jealousy...why? did i coast away you babe from you?i aint making millions but i will work smart to do so someday,and not use it banging chicks on yacht alone(i am not against that, in fact its cool,but please use a condom),but will rather help fellow poor countrymen from where i come,help develop education and small scale business,help in the total eradication of malaria and polo killing our young ones,and also make shelter for the homeless and orphans.

If truly i am fooling ff guys,then i am the greatest fool,an adage in my country says,2 people can not tell a lie,if the one been lied to dosen't know he is been lied to,then the lier will definitely know that he is a lier.

so please stop dissing me and lets get back to trading...ok

thanks
  • #462,946
  • Jun 15, 2011 9:38am Jun 15, 2011 9:38am
Quoting ingmarforex
Love the atmosphere people always nice to eachother here.
Oh come on, he comes here shows his trades from MT4 most green, made almost 200k in two days, someone else says yeah nice demo account, he goes no it's my live account, I'm old enough to know not to brag about my trading skills so I blurred out my account nr and lots...

Then he gets drunk and tries to apologise and backpaddle, well bad luck I reckon, should've seen it coming.
Don't get mad, get even!
  • #462,947
  • Jun 15, 2011 9:39am Jun 15, 2011 9:39am
Ug. About to make a trading thread that requires 5v+ to participate. lol
  • #462,948
  • Jun 15, 2011 9:40am Jun 15, 2011 9:40am
Quoting infinitus
I favor more downside to come. Chances are 50:50 right now that downside is over (see my previous post to Ramses), but out of sentiment reason I favor that we will see more downside.

Ideal game plan: now up to around 4343 for a wave 4 retrace. This retrace might even go to the center of the previous wave 3 at around 4374. This wave 4 should be complex. Maybe first up to 4320, then down to 4298, then up again to around 4343.

Wave 5 down should bring us to 4221 or 4160 (in case of expansion)
Na ... da bin ich aber mal gespannt ...

Well explained there ...

An additional LINK to the reply to ramses would have been nice ...

As I do not scroll here much around ...

And of course upside dampened ... therefore we did play a little with fresh re-entries from 1.4270/66 zone ...

Next leg might bring us lower ...

Re-test of 1.426xx / 61 ...

1.4216 would be ok as well ...

I am prepaired ... kann mich kaum kratzen ...

At least ... further major upleg then ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #462,949
  • Jun 15, 2011 9:41am Jun 15, 2011 9:41am
Quoting Venice
Nope, not urgent. Daily chart trader... but I feel like any time a level 3 pivot is hit, it's best to take profit and wait for a reload at a better price. Always seem to get a pretty solid bounce and temporary short term trend change.
I found an old pdf. This was generated on 27/01/2011 based on about 6 years of tick data. HTH

EUR/USD GBP/USD USD/CHF USD/JPY USD/CAD
S1 R1 S2 R2 S3 R3 S1 R1 S2 R2 S3 R3 S1 R1 S2 R2 S3 R3 S1 R1 S2 R2 S3 R3 S1 R1 S2 R2 S3 R3
1h 24.70 63.80 82.05 24.55 63.12 81.97 24.52 63.75 82.51 24.56 63.65 82.35 24.56 62.96 81.00
4h 25.39 54.57 69.72 24.83 54.46 69.57 25.33 54.01 69.79 25.27 56.81 71.55 23.49 52.72 69.30
8h 22.88 43.20 54.92 24.96 43.65 55.51 22.70 43.51 55.00 23.33 46.58 58.79 22.88 39.91 51.36
12h 14.73 33.64 45.06 18.28 37.86 48.44 15.24 34.04 45.16 15.68 37.40 46.84 11.68 28.97 42.19
daily 27.46 57.53 73.34 28.06 57.33 73.37 27.72 57.07 73.36 26.90 56.99 75.07 29.17 58.05 72.51
monthly 19.91 65.96 88.36 17.42 68.44 90.84 17.28 69.12 92.16 22.40 72.18 93.33 18.67 78.40 93.33
Table 1: Probability of the price staying within the given bands
  • #462,950
  • Jun 15, 2011 9:44am Jun 15, 2011 9:44am
Quoting stulic
Oh come on, he comes here shows his trades from MT4 most green, made almost 200k in two days, someone else says yeah nice demo account, he goes no it's my live account, I'm old enough to know not to brag about my trading skills so I blurred out my account nr and lots...

Then he gets drunk and tries to apologise and backpaddle, well bad luck I reckon, should've seen it coming.
He is only fooling hisself then so why you care. Nevermind but i noticed always when i check it here people are figting bitching each other just something i noticed. People lookiing for fight frustrated or something don't know what it is.
  • #462,951
  • Jun 15, 2011 9:44am Jun 15, 2011 9:44am
Quoting Venice
Ello Marcus,

Have been wondering, what is a impulse move in the waves? I think I see these every so often... are they the ones that move on BS, and generally end up being a fake out, usually due to some random news that the markets end up not caring about?
Hahaha, Venice, you are the man

No no, what you are describing are the WTF moments :-)

for difference between impulses and corrections see:

http://www.acrotec.com/ewt.htm

but I think you are a bad boy today and only want to mess me up


I will get you all at the end with EW counting, I promise you :-)
  • #462,952
  • Jun 15, 2011 9:44am Jun 15, 2011 9:44am
Sure, have another drink, cheers!

Quoting forexwizard
Call me a fool it dosent matter,i need not be told that you lack maturity or respect for fellow men.if you had looked closely,you would have seen that the account wasn't even a mega or million account,it was just a $122 live account which has grown to about $1700 when the update was made and presently sits at $2000,its just a test account,but you never noticed that,cos you were all about beef and jealousy...
Attached Image (click to enlarge)
Click to Enlarge Name: 1111.gif Size: 55 KB
Don't get mad, get even!
  • #462,953
  • Jun 15, 2011 9:44am Jun 15, 2011 9:44am
Quoting infinitus
OK, I see. For this one too chances are 50:50.

It would then be a flat correction (3-3-5).

I do not like that count, because the wave 1 (top at 496x) duration was 9 days, whereas the wave 2 correction would last then round about 30 days or more.

Likelihood does not favor that count, I think.....
I'll show what I'm looking at on larger time frame and then maybe the shorter time frame makes more sense.

Please note the lines are very rough and do not intend to show potential targets, just an idea of different possible counts.
Attached Image (click to enlarge)
Click to Enlarge Name: 15june11euro2.PNG Size: 28 KB
Don't have an ego. Always question yourself and your ability.
  • #462,954
  • Jun 15, 2011 9:45am Jun 15, 2011 9:45am
Quoting ingmarforex
He is only fooling hisself then so why you care. Nevermind but i noticed always when i check it here people are figting bitching each other just something i noticed. People lookiing for fight frustrated or something don't know what it is.
It's definitely not the friendliest forum on the net, I could bet my life on it.
Don't get mad, get even!
  • #462,955
  • Jun 15, 2011 9:46am Jun 15, 2011 9:46am
Quoting infinitus
Hahaha, Venice, you are the man

No no, what you are describing are the WTF moments :-)

for difference between impulses and corrections see:

http://www.acrotec.com/ewt.htm

but I think you are a bad boy today and only want to mess me up


I will get you all at the end with EW counting, I promise you :-)
LOL... Well, whatever this is, i'm glad I am on the the train on the correct side of the tracks

Thanks for the link, will read up.
  • #462,956
  • Jun 15, 2011 9:47am Jun 15, 2011 9:47am
Quoting stulic
It's definitely not the friendliest forum on the net, I could bet my life on it.
When there is money involved... well, i'm sure you know where I'm headed with this...
  • #462,957
  • Jun 15, 2011 9:49am Jun 15, 2011 9:49am
Quoting forexwizard
PLease let me be,please,please,i aint here for bashing or crap talking ok,i did what i did,which propably you cant,maybe cos you are wiser than i am and i am more foolish than you are,but hey,i still did what i have done!...it aint no '''tea cup'' of yours.
Quoting Derwood
...
Be extremely weary of new traders with low post count who's screen name indicates success in trading. They usually post demo charts showing fantastic results. These characters never last long and are usually outed for commercial interest or they just come unglued at some point.

When i first showed up here, I wondered if i picked the wrong screen name. I thought that based on some of the other names here, i should have picked "forexgodwithgiantdick" so i could fit in better. I stuck with my actual nickname instead.

The "be weary" portion of my earier post was directed at you in case there was any doubt. The name you've chosen for yourself and the posting of trade account balances make you extremely suspect. You either have more money than sense ( and the market will help solve that problem for you ) or you're trolling for PM's from the desperate.

Post fundamental thinking, reasons for entry, reasons for exit and you'll be ok. Post screenshots of your account and you absolutely will get bounced from here.

We've seen this game to many times in the past.
  • #462,958
  • Jun 15, 2011 9:51am Jun 15, 2011 9:51am
Quoting RamsesII
I'll show what I'm looking at on larger time frame and then maybe the shorter time frame makes more sense.

Please note the lines are very rough and do not intend to show potential targets, just an idea of different possible counts.
Hi Ramses,

my answer was dedicated to your red ABC count. Black one was only 9 days, but the whole red ABC (or 2) would last over 30 days.

I favor the 1-2, 1-2 count
  • #462,959
  • Jun 15, 2011 9:51am Jun 15, 2011 9:51am
Quoting stulic
Sure, have another drink, cheers!
Lol that looks real, just like forexwizard's, gosh i love your reaction towards him...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #462,960
  • Jun 15, 2011 9:53am Jun 15, 2011 9:53am
Quoting infinitus
Hi Ramses,

my answer was dedicated to your red ABC count. Black one was only 9 days, but the whole red ABC (or 2) would last over 30 days.

I favor the 1-2, 1-2 count
i'm confused
Don't have an ego. Always question yourself and your ability.
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