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  • #14,101
  • Jun 29, 2012 4:03am Jun 29, 2012 4:03am
Quoting grechmar
@Evaluator At this point considering the current situation, do you still believe in the move of EU to 1.22? Are you now biased towards a move from here at 1.25 towars 1.31?
see post #14095
  • #14,102
  • Jun 29, 2012 4:07am Jun 29, 2012 4:07am
Quoting Evaluator
Wow! EURUSD rises 150pips in 20 minutes on news that the ECB and EU politicians have agreed to spend more Euros to bailout Spain, Italy, and Ireland with no conditions attached...

Technically, I find it very interesting that if one looks at my post #13574 I said that the ending of the 4th wave would come in at the 1.26610 level back on 10 Jun.. but the EURUSD seems to be stalled at the exact 61.8 fib form the 1.27426 to 1.24410 drop. To me that looks like a...
1) 4H chart was correct at the moment
http://www.actionforex.com/images/st...2012062813.gif

2) i agree with Fib saying but why is bottom of Fib not at 1.2406 on your chart?

3) you have 5,3,3 on H1 stochastic chart; it is 11,3,3 on M5; do you use only 5,3,3 on H1?
  • #14,103
  • Jun 29, 2012 4:59am Jun 29, 2012 4:59am
Quoting Evaluator
see post #14095
Tkx, pardon my neglegence of skipping posts
Do you have any bias towards UJ going to 82?(not due to usd strength but merely to jpy weakness)
  • #14,104
  • Jun 29, 2012 5:16am Jun 29, 2012 5:16am
1) 4H chart was correct at the moment
http://www.actionforex.com/images/st...2012062813.gif

2) i agree with Fib saying but why is bottom of Fib not at 1.2406 on your chart?

ANSWER: Because corrective waves ABC the ''B'' wave can be 1.382 of the A wave making it lower than then ending 5th wave of the impulse. Therefore if one takes and draw a fib from bottom of wave 5 of impulse to top of wave A one will see the bottom of wave B is 1.382 of A. This is a normal distribution fib changes according to Elliotts definition of corrective ABC waves.

3) you have 5,3,3 on H1 stochastic chart; it is 11,3,3 on M5; do you use only 5,3,3 on H1?

ANSWER: Because I open new chart window to draw Fib retracement levels and forgot to change the Stochastic from default. I normally use 14,3,3 and 11,3,3 as my stochastics settings.

Evaluator.:nerd:
  • #14,105
  • Jun 29, 2012 5:23am Jun 29, 2012 5:23am
ANSWER: Because I open new chart window to draw Fib retracement levels and forgot to change the Stochastic from default. I normally use 14,3,3 and 11,3,3 as my stochastics settings.

Evaluator.:nerd:[/quote]


why would one use 14? is it a faster alert on a higher time frame??
  • #14,106
  • Jun 29, 2012 5:24am Jun 29, 2012 5:24am
Quoting roobii
ANSWER: Because I open new chart window to draw Fib retracement levels and forgot to change the Stochastic from default. I normally use 14,3,3 and 11,3,3 as my stochastics settings.

Evaluator.:nerd:

why would one use 14? is it a faster alert on a higher time frame??[/quote]


just my preference.
  • #14,107
  • Jun 29, 2012 5:25am Jun 29, 2012 5:25am
btw i just saw your response on the elliots wave... thanx alot eval...

grasshopper has more training to do....
  • #14,108
  • Jun 29, 2012 6:05am Jun 29, 2012 6:05am
My trades today (37 pips), anybody knows why atr projection line are so narrow?
Attached Image (click to enlarge)
Click to Enlarge Name: ltrades 290612.gif Size: 59 KB
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  • #14,109
  • Jun 29, 2012 6:19am Jun 29, 2012 6:19am
why doesn't anybody post losing trades?,unless nobody loses here.
All we see is winners,we can learn form losing trades also
  • #14,110
  • Jun 29, 2012 6:30am Jun 29, 2012 6:30am
Quoting dudele2
why doesn't anybody post losing trades?,unless nobody loses here.
All we see is winners,we can learn form losing trades also
The point is to learn winning setups, not losing setups!!

But people do post losing trades from time to time, but it's not a habit to do so because it's counter productive.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,111
  • Jun 29, 2012 7:53am Jun 29, 2012 7:53am
Quoting tehnobyte
My trades today (37 pips), anybody knows why atr projection line are so narrow?
Because it shot through both higher ATR lines much earlier today, so it brought the lower ones up and the further it goes through the ATR the further the lower ones come up so they are getting very narrow. Its there to take into account that if it does come back down again its only likely to go that far.
  • #14,112
  • Jun 29, 2012 7:58am Jun 29, 2012 7:58am
Quoting Evaluator
Wow! EURUSD rises 150pips in 20 minutes on news that the ECB and EU politicians have agreed to spend more Euros to bailout Spain, Italy, and Ireland with no conditions attached...

To me that seems suspect and how the markt is first interpretation is relief.....

I do find it interesting that Frau Merkel left without saying a word and has not said anything concerning the heated debate. I think there is something hiding in the shadows and make me worried.

Technically, I find it very interesting that if one looks at my post #13574...
For now EU,EJ and GU are around the 78 fibo level but AU break the 100 level so does it mean that this is not a ABC correcting wave ? I feel a bit lost in front of what is going on now
  • #14,113
  • Jun 29, 2012 8:12am Jun 29, 2012 8:12am
Quoting dudele2
why doesn't anybody post losing trades?,unless nobody loses here.
All we see is winners,we can learn form losing trades also
In my personal opinion everyone has winners and losers. And everyone has good and bad days.

The best way for anyone to learn a new forex system would be to see a reasonable number of live trades being called live when they trigger, be they winners or be they losers. That way the trader will be able to see actual trades in progress and have an enhanced learning experience.

If this were a stock trading forum you would normally see the experienced traders making live calls on the stocks they know well.

But you can forget about that in forex forums as most all trades are posted after the fact.

Best you can do is not pay attention so much to other people's winning posts but rather to the rules they are using to get those winners and try to apply them to your trading.
  • #14,114
  • Jun 29, 2012 8:25am Jun 29, 2012 8:25am
thank you yelena but i was refer to LFL-ATR projection lines at the picture horizontal aqua and blue lines. Are they not suppose to show us maximum of price action for that day base on calculation of yesterday value . If somebody know more about that indi please talk!
Attached Image (click to enlarge)
Click to Enlarge Name: issue290612.jpg Size: 138 KB
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  • #14,115
  • Jun 29, 2012 8:37am Jun 29, 2012 8:37am
i don't know why Merkel accept the situation. They have a real power to force decision but I don't know why, it's bad pupils that have the last word...
Europe will go in bankruptcy, Germany included...
  • #14,116
  • Jun 29, 2012 8:37am Jun 29, 2012 8:37am
Quoting tehnobyte
thank you yelena but i was refer to LFL-ATR projection lines at the picture horizontal aqua and blue lines. Are they not suppose to show us maximum of price action for that day base on calculation of yesterday value . If somebody know more about that indi please talk!
On EU I have yesterdays ATR at 99 pips. On todays lines, if I measure between the two outer lines I get 101 pips.....which is so close to yesterdays ATR that it's not worth worrying about.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,117
  • Jun 29, 2012 8:38am Jun 29, 2012 8:38am
Quoting dudele2
why doesn't anybody post losing trades?,unless nobody loses here.
All we see is winners,we can learn form losing trades also

totally agree with rivtrader! 95% of what's out there are not as profitable (just being politically correct) so take your pick

OR you can focus on that 5% which defines the winning trades and replicate them! aren't you glad people are showing it to you for free?
  • #14,118
  • Jun 29, 2012 8:38am Jun 29, 2012 8:38am
Quoting tehnobyte
thank you yelena but i was refer to LFL-ATR projection lines at the picture horizontal aqua and blue lines. Are they not suppose to show us maximum of price action for that day base on calculation of yesterday value . If somebody know more about that indi please talk!
Firstly I'm not Yelena and secondly I was talking about the LFL-ATR indicator. When it first starts the day it will have the projections there. When price moves through the last projection line, it brings the opposite lines up/down to take into account the movement that day and that if the price comes back it will only reach that line. It is a fluid indicator, basing itself not just on what has happened before, but what is happening now with price, making it much more accurate.

If you hover over the lines, you will see when the day starts that above the price is high 2 then above that high1 then below price you have low 2 and low 1 in that order. So, if like today, price goes up when it gets to high 2 it will bring the low lines up, then when it goes through high1 it will bring them up further, now you will see if you hover over the lines, low 2 and low 1 are now above the high lines because price has moved so far through the projection, but it is still showing you where its maximum fall is likely to be if it turns around now.
  • #14,119
  • Jun 29, 2012 8:41am Jun 29, 2012 8:41am
Eval,

do you think it could be a double zig-zag?

If price move over 2765 we could be in front of a complex ABC?

In this case 2880 target area looks like a convergence of
1) Fibo extension 100 of AB wave
2) 61% Fibo retracement (impulse from 3285 to 2289)

plus a long term trendline (white) and a retracement channel (yellow)

I am sorry not using the appropriate Elliott symbolism but it tough for me to remember it.

thank for your cooments

ciao

wiz3003
Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 2012-06-29 ABD Correction.jpg Size: 95 KB
You control how you trade; the market controls how and when you'll get paid
  • #14,120
  • Jun 29, 2012 9:00am Jun 29, 2012 9:00am
Quoting ohammond
Firstly I'm not Yelena and secondly I was talking about the LFL-ATR indicator. When it first starts the day it will have the projections there. When price moves through the last projection line, it brings the opposite lines up/down to take into account the movement that day and that if the price comes back it will only reach that line. It is a fluid indicator, basing itself not just on what has happened before, but what is happening now with price, making it much more accurate.

If you hover over the lines, you will see when the day starts...
Great explanation, thank you
Doing what you like is Freedom. Liking what you do is Happiness.
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