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  • #673,421
  • Jul 31, 2012 1:35am Jul 31, 2012 1:35am
1.2258 Low as of now,
1.2270 Broken and 1.2258 done
Quoting Eurusdindia
1.2287 is a Strong Resistance for the day.
We have 1.2270 as a strong Support, once 1.2270 is taken out we can expect a fall up to 1.2256

Regards,
Nash
  • #673,422
  • Jul 31, 2012 1:36am Jul 31, 2012 1:36am
Morning all,
  • #673,423
  • Jul 31, 2012 1:38am Jul 31, 2012 1:38am
Quoting StephanusR
going long
long call worked from yesterday
  • #673,424
  • Jul 31, 2012 1:38am Jul 31, 2012 1:38am
Quoting Dayboy001
Morning all,
evening here~~
but welcome bak to trading
Patience, Emotion Control and Discipline.
  • #673,425
  • Jul 31, 2012 1:40am Jul 31, 2012 1:40am
Quoting MaxDoom
morning boys and girls,


a little perspective summary.....

Monthly - in a correction on the 0.822x - 1.603x bull trend and probably will be for years, it has corrected about 51% so far in a ABCDE formation currently on wave E DOWN.

Weekly - the wave E in monthly consists of a nice clean 5wave down trend on the weekly chart 1.488x - 1.204x and has completed full target range - therefore probability sits on a correction of this move
initial correction targets - 1.314x - 1.384x

Daily - the 5th wave of the weekly...
There is no such thing as 'wave trends' - Elliot theory is Popper unfalsifiable. It is all fundamentals, euro will go up/down on fundamentals.
  • #673,426
  • Jul 31, 2012 1:44am Jul 31, 2012 1:44am
Oops. Strong opinions.
"Men who can both be right and sit tight are uncommon."
  • #673,427
  • Jul 31, 2012 1:45am Jul 31, 2012 1:45am
Quoting StephanusR
There is no such thing as 'wave trends' - Elliot theory is Popper unfalsifiable. It is all fundamentals, euro will go up/down on fundamentals.
you are perfectly entitled to you narrow minded view

once thing I can assure you of, is that with such narrow mindedness you will never make any money trading
  • #673,428
  • Jul 31, 2012 1:48am Jul 31, 2012 1:48am
Quoting StephanusR
There is no such thing as 'wave trends' - Elliot theory is Popper unfalsifiable. It is all fundamentals, euro will go up/down on fundamentals.
?? what a comment !!

There is every such thing as everything !! this market is not run on fundamentals you fool !!

This market is run on belief be that fundamentals, wave systems, fibs !!

If the majority of people believed it was profitable to go long on the 5th day of the month !!! THAT WOULD WORK !!

SO STOP TALKING FROM YOU GOD LIKE POSITION !!

This market is driven by people and their beliefs (systems).
  • #673,429
  • Jul 31, 2012 1:48am Jul 31, 2012 1:48am
I'm expecting an attack on 2207 today, 2163 if after that
TRADE FOR SWAP
  • #673,430
  • Jul 31, 2012 1:51am Jul 31, 2012 1:51am
Elliott Wave system is just subjective for my taste but if it works for some then that's fine for them
Nil Desperandum Illegitimi Carborundum
  • #673,431
  • Jul 31, 2012 1:52am Jul 31, 2012 1:52am
Quoting rasc00
Elliott Wave system is just subjective for my taste but if it works for some then that's fine for them
Graceful.
"Men who can both be right and sit tight are uncommon."
  • #673,432
  • Jul 31, 2012 1:57am Jul 31, 2012 1:57am
I find this story on this forum, I saved it. I think is relevant:

Swimmology

A highly learned professor was traveling on a ship at sea. An illiterate sailor was also on the same ship.
Every night they had a discussion.
The professor asked, "Old man, have you studied geology, the science of the earth?".
The old man replied humbly, "Sir, I am illiterate so I cannot read. I have not studied geology."
The professor then announced, "Old man, then you have wasted one-quarter of your life." The old man became very sad at the thought that he had wasted one-quarter of his life.
The next day the professor asked him, "Old man, have you studied meteorology, the science of weather?" The old man replied humbly, "Sir, I didn’t go to school. I have not studied meteorology."
The professor then announced, "Old man, then you have wasted one-half of your life." The old man became again really sad.
The next day the professor asked him, "Old man, have you studied zoology, the science of animal life?"
The old man replied humbly, "Sir, I am illiterate so I cannot read. I have not studied zoology."
The professor then announced, "Old man, you have wasted three-quarters of your life!" The old man became very sad at the thought that he had wasted three-quarters of his life.
On the forth day, it was the sailor's turn to ask a question. He came running to the professor crying, "Professor Sir, Professor Sir, have you studied swimmology, the science of swimming?"
The professor looked surprised and said, "No, I don't know how to swim."
The old man replied, "Oh Professor Sir, I am so sorry! You have wasted your whole life! This ship has struck a rock and it is about to sink. Those who can swim can swim that nearby island. All others will die."
"Men who can both be right and sit tight are uncommon."
  • #673,433
  • Jul 31, 2012 1:59am Jul 31, 2012 1:59am
Quoting rasc00
Elliott Wave system is just subjective for my taste but if it works for some then that's fine for them

a far more reasonable response.

you will notice though that I only use it on the latest swing data I don't go backwwards or forwards coming up with complicated counts. I simply use it with fibs and price projections to measure trends and corrections and to provide targets, for which it is highly accurate - and I trade for a living unlike most here
  • #673,434
  • Jul 31, 2012 1:59am Jul 31, 2012 1:59am
F euro and F germany
  • #673,435
  • Jul 31, 2012 2:00am Jul 31, 2012 2:00am
Short @

EUR 1.2270
GBP 1.5712
  • #673,436
  • Jul 31, 2012 2:02am Jul 31, 2012 2:02am
Quoting MaxDoom
you are perfectly entitled to you narrow minded view

once thing I can assure you of, is that with such narrow mindedness you will never make any money trading
well anyway i apprieciate your analysis, even if i dont fully understand it,

dont let the bastards wear you down ,
  • #673,437
  • Jul 31, 2012 2:07am Jul 31, 2012 2:07am
Quoting Prosac_100Mg
well anyway i apprieciate your analysis, even if i dont fully understand it,

dont let the bastards wear you down ,

no worries I have thick skin, but idiots like him are why only a few good traders still visit this thread and why they don't share so much.....

I have set a limit on my iggy list if I reach that number I am out of here too.
  • #673,438
  • Jul 31, 2012 2:08am Jul 31, 2012 2:08am
Quoting Mike8
SL to BE. (do not like that hourly pin bar)
Stopped out. BE trade. Well I least I tried......
"Men who can both be right and sit tight are uncommon."
  • #673,439
  • Jul 31, 2012 2:08am Jul 31, 2012 2:08am
Quoting Dayboy001
Short @

EUR 1.2270
GBP 1.5712
closed both

GBP @ 1.5690 +22
EUR 1.2267 +3
_________________
  • #673,440
  • Jul 31, 2012 2:10am Jul 31, 2012 2:10am
Quoting Dayboy001
closed both

GBP @ 1.5690 +22
EUR 1.2267 +3
_________________
Looks like a long opportunity to me now, but i'll be staying out until it settles.
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