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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,021
  • Jun 21, 2012 11:29am Jun 21, 2012 11:29am
Quoting PipTrapper
Yep. That's why I chose it as a good trade. The fundamentals and overall market sentiment were perfectly lined up. It was only a matter of time before it took off. My first target is 1.0350 area where I will take 50% off and let the rest ride up to 1.05xx area with SL@BE
Taking partial profit in U/CAD @ 1.0290 for +100 pips. Rest move to B/E. +445 total pips bank today.
  • #39,022
  • Jun 21, 2012 11:33am Jun 21, 2012 11:33am
I was checking my count again and now it's make perfect count. this down was needed before a go up to 1.2820.

check the new count now.

In Big wave C wave a is 300 pips so there is a good chance that wave c will be 300 pips coz we know a = c. Now if you count today low so far is 2560 and + 300 is 2860 which is makes my count perfect.

Also the Big wave A is 380 pips and Big wave C also must me 380 pips.

So far ew rules with fib makes my calculations is perfect.

So i think next day will be a bull day.

Now check the chart

http://www.forexfactory.com/attachme...1&d=1340303435
Trend Is Friend
  • #39,023
  • Jun 21, 2012 11:34am Jun 21, 2012 11:34am
Quoting FXSwissTrader
Taking partial profit in U/CAD @ 1.0290 for +100 pips. Rest move to B/E. +445 total pips bank today.
Excellent That's usually want I bank in a whole week... sometimes 2 weeks.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,024
  • Jun 21, 2012 11:34am Jun 21, 2012 11:34am
Quoting FXSwissTrader
Taking partial profit in U/CAD @ 1.0290 for +100 pips. Rest move to B/E. +445 total pips bank today.
how much in persentge?(%)

good job!!!
Iam just A pips on the rode :nerd:
  • #39,025
  • Jun 21, 2012 11:35am Jun 21, 2012 11:35am
Quoting FX Tsunami
So am I. Will short on retrace.

But the question is, Will it ???

ADD: I was planning to short @ 1.2600. But it now looks like it would not come there. However, I ain't deciding anything before the day closes.
The never ending question ...
Attached Image (click to enlarge)
Click to Enlarge Name: buy-sell.jpg Size: 586 KB
I observe your reality but live my own.
  • #39,026
  • Jun 21, 2012 11:36am Jun 21, 2012 11:36am
Quoting PipTrapper
Excellent That's usually want I bank in a whole week... sometimes 2 weeks.
I don't believe that for one moment.
  • #39,027
  • Jun 21, 2012 11:37am Jun 21, 2012 11:37am
Hi,

Today is a day of confirmation for me and my goal for the coming weeks is 1.22 in sight.

Have fun.
  • #39,028
  • Jun 21, 2012 11:37am Jun 21, 2012 11:37am
Quoting -er-
how much in persentge?(%)

good job!!!
That's personal. Let's just say, I don't trade mini or micro account.
  • #39,029
  • Jun 21, 2012 11:38am Jun 21, 2012 11:38am
Quoting Cgb
The never ending question ...


Good one !!!
  • #39,030
  • Jun 21, 2012 11:39am Jun 21, 2012 11:39am
Quoting polatok
I was checking my count again and now it's make perfect count. this down was needed before a go up to 1.2820.

check the new count now.

In Big wave C wave a is 300 pips so there is a good chance that wave c will be 300 pips coz we know a = c. Now if you count today low so far is 2560 and + 300 is 2860 which is makes my count perfect.

Also the Big wave A is 380 pips and Big wave C also must me 380 pips.

So far ew rules with fib makes my calculations is perfect.

So i think next day will be a bull day.

Now check the chart

http://www.forexfactory.com/attachme...1&d=1340303435...
I thought Elliott Waves were typically in 5-3-5 motions. 1 to 5, followed by a A/B/C corrective move, then another 1 to 5 in the initial direction.

Again, I really need to re-read that book...
I observe your reality but live my own.
  • #39,031
  • Jun 21, 2012 11:40am Jun 21, 2012 11:40am
Quoting FXSwissTrader
That's personal. Let's just say, I don't trade mini or micro account.

wow!!!
Iam just A pips on the rode :nerd:
  • #39,032
  • Jun 21, 2012 11:43am Jun 21, 2012 11:43am
Quoting Cgb
...Again, I really need to re-read that book...
Screw book. Elliot made his work in 1930 Equities market. This is 2012 FX. Imo it is better just to take essence of Elliot and adapt it into todays conditions. And the essence is crowd psychology and cycles.

T
"I know one thing, that I know nothing." Sokrates
  • #39,033
  • Jun 21, 2012 11:45am Jun 21, 2012 11:45am
Quoting Cgb
I thought Elliott Waves were typically in 5-3-5 motions. 1 to 5, followed by a A/B/C corrective move, then another 1 to 5 in the initial direction.

Again, I really need to re-read that book...
You are right but i don't do small count coz it's make my count wrong. i always like to count big waves.
Trend Is Friend
  • #39,034
  • Jun 21, 2012 11:46am Jun 21, 2012 11:46am
there is a fight right now
  • #39,035
  • Jun 21, 2012 11:46am Jun 21, 2012 11:46am
Quoting polatok
I was checking my count again and now it's make perfect count. this down was needed before a go up to 1.2820.

check the new count now.

In Big wave C wave a is 300 pips so there is a good chance that wave c will be 300 pips coz we know a = c. Now if you count today low so far is 2560 and + 300 is 2860 which is makes my count perfect.

Also the Big wave A is 380 pips and Big wave C also must me 380 pips.

So far ew rules with fib makes my calculations is perfect.

So i think next day will be a bull day.

Now check the chart

http://www.forexfactory.com/attachme...1&d=1340303435...
Are you sure this is an ABC correction after a 5 wave move? When I look at my charts I see this correction as wave 4 and the next move down will be wave 5.

Attached Image (click to enlarge)
Click to Enlarge Name: eu-d1.gif Size: 19 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #39,036
  • Jun 21, 2012 11:46am Jun 21, 2012 11:46am
Daily BB mid approaching. Also I see a 78.6 FIB (Drawn b/n 2010 low and 2011 high) @ 1.2531.

Will they hold for sometime atleast ???

May be from where we get the "Most Wanted" retracement (to around 1.2600). Guess so.

A weekly close below 78.6 FIB (1.2531) by tomorrow night might provide another sell entry on Monday in a retracement.

Just my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 148 KB
  • #39,037
  • Jun 21, 2012 11:48am Jun 21, 2012 11:48am
And there it is. A perfect tect book example. Back in the flag. Still, not uncommon to have a true breakout just a few candles later. Key is to keep an eye on the volume bar.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun21_1443.gif Size: 97 KB
I observe your reality but live my own.
  • #39,038
  • Jun 21, 2012 11:49am Jun 21, 2012 11:49am
Quoting Cgb
I thought Elliott Waves were typically in 5-3-5 motions. 1 to 5, followed by a A/B/C corrective move, then another 1 to 5 in the initial direction.

Again, I really need to re-read that book...
thise one graet!!!

Balan , Robert - Elliott Wave Principle Forex
Iam just A pips on the rode :nerd:
  • #39,039
  • Jun 21, 2012 11:51am Jun 21, 2012 11:51am
Quoting PipTrapper
Are you sure this is an ABC correction after a 5 wave move? When I look at my charts I see this correction as wave 4 and the next move down will be wave 5.

Attachment
I am counting same as yours. I am now at wave 4 and i think one more up needed before wave 5 start and we see 1.19**.
Trend Is Friend
  • #39,040
  • Jun 21, 2012 11:52am Jun 21, 2012 11:52am
Quoting Tom_D_Trader
Screw book. Elliot made his work in 1930 Equities market. This is 2012 FX. Imo it is better just to take essence of Elliot and adapt it into todays conditions. And the essence is crowd psychology and cycles.

T
That's one of the things that bugged me about the book. He was doing this on pen and paper from the daily newspapers. In today's day and age of fast trading systems (where they actually decide where to put there servers based on the ping delay to the main ECN feed), does it really apply?

Never the less, the principal has merit and warrants another read.
I observe your reality but live my own.
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