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  • #676,741
  • Aug 7, 2012 11:30am Aug 7, 2012 11:30am
http://2.bp.blogspot.com/-iJJYI4xKXj...600/Forex7.jpg
  • #676,742
  • Aug 7, 2012 11:32am Aug 7, 2012 11:32am
Quoting TauTrader
Dude...

It has been a while.. how's the trucking going? (If I remember correctly)

Your life story has stayed with me. Please tell me that you are OK and that things are working out for ya...

I'm so happy to "see" you!

Awesome

Regards to you
It was going great but had to give it up back in May to care for my Mom. "This" close to reaching my goals but....oh well.

It's good to "see" you too my friend. I've missed many here while living on the road. But like a bad dream....I'm BACK!!
Ghost Rider - WWTBMD?
  • #676,743
  • Aug 7, 2012 11:35am Aug 7, 2012 11:35am
Quoting purzel
It is not a problem and not untypical for a correction. Do you realy think that a correction can not be above a swing high??
Running B wave in an ABC for example.

I know about Elliott waves and Neowaves. However, I am not crazy about it. The main point is that the Ending Diagonal is a good pattern to know which is often working in an 5th wave or C-wave.

Looking for the pattern I illustrate is a good starting point.
yes I do, once it breaches the hi or lo of the swing it is correcting then the correction is over and you have either a new move in the opposite direction to the original swing or a continuation of the trend in that swing... still everybody needs to be comfortable with their own methods and what works for one may not for another....
  • #676,744
  • Aug 7, 2012 11:41am Aug 7, 2012 11:41am
Quoting MaxDoom
yes I do, once it breaches the hi or lo of the swing it is correcting then the correction is over and you have either a new move in the opposite direction to the original swing or a continuation of the trend in that swing... still everybody needs to be comfortable with their own methods and what works for one may not for another....
But that is not true in Elliott wave terms. It still could be a running correction or complexe correction! So the correction does not have to be over just because a swing high/low is broken. Sorry but that is absolutely not true.

However, I agree that everyone should find what is working for him/ her.

I am not an EW-freak and I doubt that counting all of the price action is the best way of trading. But still, there are some good pattern to know like the one I illustrated.
  • #676,745
  • Aug 7, 2012 11:47am Aug 7, 2012 11:47am
Quoting albchr
It was going great but had to give it up back in May to care for my Mom. "This" close to reaching my goals but....oh well.

It's good to "see" you too my friend. I've missed many here while living on the road. But like a bad dream....I'm BACK!!
Big of you to give up things to take care of your mom...

This shows character, my friend.

Welcome back then.. I wish you success

Warm regards
  • #676,746
  • Aug 7, 2012 11:52am Aug 7, 2012 11:52am
Quoting purzel
But that is not true in Elliott wave terms. It still could be a running correction or complexe correction! So the correction does not have to be over just because a swing high/low is broken. Sorry but that is absolutely not true.

However, I agree that everyone should find what is working for him/ her.

I am not an EW-freak and I doubt that counting all of the price action is the best way of trading. But still, there are some good pattern to know like the one I illustrated.

okay but a running correction is very rare indeed and it is the wave B which protrudes the swing hi/lo C still completes inside the swing.

anyway no worries best we leave it here or the thread will become one big ew discussion

done for the day laters
  • #676,747
  • Aug 7, 2012 11:53am Aug 7, 2012 11:53am
What time New York time does it get busy after FTSE closes?
Luck has no place in trading. Leave that for the poker table.
  • #676,748
  • Aug 7, 2012 11:55am Aug 7, 2012 11:55am
Quoting MaxDoom
okay but a running correction is very rare indeed and it is the wave B which protrudes the swing hi/lo C still completes inside the swing.

anyway no worries best we leave it here or the thread will become one big ew discussion

done for the day laters

I agree.Let's leave it.
  • #676,749
  • Aug 7, 2012 11:57am Aug 7, 2012 11:57am
Quoting TauTrader
Big of you to give up things to take care of your mom...

This shows character, my friend.

Welcome back then.. I wish you success

Warm regards
Ghost Rider - WWTBMD?
  • #676,750
  • Aug 7, 2012 11:57am Aug 7, 2012 11:57am
Quoting Tobinguyen
I need a vouch !
Stop spamming the thread or you may get your vouch.....
Attached Image
  • #676,751
  • Aug 7, 2012 11:58am Aug 7, 2012 11:58am
Sell limit with tight stop at 35 triggered, I forgot I even had this thing still going.

Woke up to 2440 still holding strong. As with during London, 2417 and 07 are now important support.

I want 1.2390s before an attempt higher (if), but trying to catch a large down move here... it just won't happen.
Be hopeful in a winning position, and fearful in a losing position.
  • #676,752
  • Aug 7, 2012 11:58am Aug 7, 2012 11:58am
According to my anaylze , the fifth wave came on Monday morning with Tokyo opening that drove the price from 23950 till 24400. After that i desperately tried to follow some waves and caught only one - that was ridiculiously small and managed to get out of it with - pips. Today also we had a correction wave that drove the price something like 30 pips up ....

All that left me with one believe and one only " Its all bloody corrections and possible break out of this net is yet to come ". This is why i petted short from 24200 because The price is caught between support and resistances line that are close to each other. Even if a break out would occur , it won't have enough power to take on major resistance line which is 24500 .

Of course i'm fishing for a major break out that could deliver huge movement and shift the price , in order to setup plans - not scalping 20 pips.

I'm still will long the Euro, but only if it comes under 23900 or even below.
"It's the Margin, Stupid."
  • #676,753
  • Aug 7, 2012 12:00pm Aug 7, 2012 12:00pm
Here we go....

Regards
  • #676,754
  • Aug 7, 2012 12:00pm Aug 7, 2012 12:00pm
Back
New voice message: Why are you calling me? If I need you, I'll call you!
  • #676,755
  • Aug 7, 2012 12:14pm Aug 7, 2012 12:14pm
15 M waves gives a clear picture of what is happening.

This is drawn from the lows of 4H, to calculate the minor waves within wave 3 of 4H.

Looks like we are in wave 4, and we taking a triangular correction. Once "e" is made, then we should see a push towards the top to complete wave 5 at 1.2449. and then go down for a ABC correction of 15 Min waves, to form 60 Min wave 2.

I am looking to go long at "E" , exit at 1.2445
Then take a short at 1.2449 , then wait for AB to form , then exit at C.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-15M-8712.JPG Size: 43 KB
PPP - Patience Pays PIPS
  • #676,756
  • Aug 7, 2012 12:15pm Aug 7, 2012 12:15pm
Quoting KillerWhale
Back
Me too, just came home, missed morning north run, but man im glad i stayed out, this is simply torture for trading
  • #676,757
  • Aug 7, 2012 12:16pm Aug 7, 2012 12:16pm
Been riding this now for over 24 hours with a 25 pip stop. I'm back where I started. Locked in a virtual arm wrestle with the market. I'll ride this bad boy until it concludes
  • #676,758
  • Aug 7, 2012 12:18pm Aug 7, 2012 12:18pm
hope bernanke delivers like always when he speaks today,remember when you were kids and light bag full of $hit at your neighbors doors and he comes out stomping,i see bernanke as the kid who does that to US
  • #676,759
  • Aug 7, 2012 12:23pm Aug 7, 2012 12:23pm
Ah yes, Bernanke. That'll probably do it.
  • #676,760
  • Aug 7, 2012 12:30pm Aug 7, 2012 12:30pm
euro longggggg
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