- #556,943
- Nov 2, 2011 1:47am Nov 2, 2011 1:47am
Well I just wrote this up, I guess I'll post it here for what it's worth. So I was looking at my 1H chart given this recent price consolidation to see if I could find any indication as to where the price might be going next. It's starting to look to me like an Elliott 5 wave pattern with an ABC correction wave. The chart attached shows the impulse waves 1,3,5 pretty clean and in line with what one might expect of such an impulsive move in the market with the 2,4 waves as correction/consolidation in between. At the bottom we can see the beginning...
http://www.forexfactory.com/showthre...77#post5093277
- #556,944
- Nov 2, 2011 1:51am Nov 2, 2011 1:51am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #556,945
- Nov 2, 2011 2:00am Nov 2, 2011 2:00am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
breaking 3731 & 25 apparently not any good sign for further bull for 3756 or more , may fall towards 3670 then , care about long.
cable is look ripe too 1 6000 deserve a defend, 4hr ltl of ascending channel just above for back up, she one of the ladies
If you are new to Forex? Say Goodbye to your account!!
- #556,947
- Nov 2, 2011 2:04am Nov 2, 2011 2:04am
I need to go sleep for a while and force myself to stay awake tomorrow so that I can get up and ACTUALLY trade a London/NY overlap for once 
Night everyone, hopefully price looks good when I wake up again.
Night everyone, hopefully price looks good when I wake up again.
- #556,948
- Nov 2, 2011 2:12am Nov 2, 2011 2:12am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,022 Posts
will we see some range trading today??
consolidation maybe...
consolidation maybe...
Patience, Emotion Control and Discipline.
- #556,949
- Nov 2, 2011 2:21am Nov 2, 2011 2:21am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
yup.
that is even eu down towards 3670/60 cable may not down much as next up be due in eu at the same time , so cable may take time & eu also to start the real bear , range top side till then .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #556,952
- Nov 2, 2011 2:27am Nov 2, 2011 2:27am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #556,954
- Nov 2, 2011 2:30am Nov 2, 2011 2:30am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
I had that feeling when first starting to trade. It's not that your broker (or the market in general) hunted your stops, but a very tight stop loss and off peak market hour will almost always get you.
Besides, markets move because of stop losses getting tripped. During peak hours, if you can really pick turning points, your SL will be sitting nice and cozy, waiting for you to move it to profit.
- #556,955
- Nov 2, 2011 2:32am Nov 2, 2011 2:32am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
yeah , some up ok there as 5850 not broken yet , d top to make even 3 but deserve it to confirm the down correction . while eu still to break 3708 & 3693 for some down now .
that is even eu down towards 3670/60 cable may not down much as next up be due in eu at the same time , so cable may take time & eu also to start the real bear , range top side till then .
fontu
I think she might go and hard, before eu we see what london is do to them
has been boring pa todayTrade safe bro kiwi
If you are new to Forex? Say Goodbye to your account!!
- #556,956
- Nov 2, 2011 2:35am Nov 2, 2011 2:35am
yea but it was a hidden sl in my ea lol soon as i liquidated it pushed back down. Market had no idea of my sl only my entry point and some were in profit some in negative. Missed 3k profit because i took off today on a vacation
In other news: A ranger was trapped between a bull and a bear
- #556,959
- Nov 2, 2011 2:49am Nov 2, 2011 2:49am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
