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My Learning Journey

  • #201
  • Oct 9, 2012 3:08am Oct 9, 2012 3:08am
Quoting aeternum
We bounced off the channel bottom. Should have closed it at 60 pips. But its fine as long as I don't lose any money.
I am looking for at least 1.28606 with this move as the completion of purple 3 of wave (c). Then a retrace up until about 1.29, if it breaks 1.291/3, then I will cancel the count. End of (c) could be around 1.276 down to 1.26x. Followed by a major move upwards for the start of [3].
A 1 pip gain is better than a 1 pip loss.
  • #202
  • Oct 9, 2012 4:47am Oct 9, 2012 4:47am
Quoting aeternum
My short on EURUSD from yesterday at 1.29719 is now on BE + 1 SL.
TP 1.285, will trail stop every 25 pips.
+26. Should have closed at +65 and short again but oh well.

Pending short at 1.2484, 50% retrace of the down move, TP at 1.28xx.
A 1 pip gain is better than a 1 pip loss.
  • #203
  • Oct 9, 2012 5:35am Oct 9, 2012 5:35am
Quoting aeternum
+26. Should have closed at +65 and short again but oh well.

Pending short at 1.2484, 50% retrace of the down move, TP at 1.28xx.
Cancelled this pending order. Waiting for better position. If you are lurking this thread simply to enter trades based on my charts or what I'm doing, here's a warning, any losses are none of my business and you are doing it at your own risk.
A 1 pip gain is better than a 1 pip loss.
  • #204
  • Oct 9, 2012 5:50am Oct 9, 2012 5:50am
Quoting aeternum
Cancelled this pending order. Waiting for better position. If you are lurking this thread simply to enter trades based on my charts or what I'm doing, here's a warning, any losses are none of my business and you are doing it at your own risk.
Mate u are a real HERO.. this forum needs more like you
  • #205
  • Oct 9, 2012 6:23am Oct 9, 2012 6:23am
Quoting aeternum

My AUDUSD is also at BE +1, will trail stop every 25 pips.
Hit my BE+1. Looking to short again past 1.023.
A 1 pip gain is better than a 1 pip loss.
  • #206
  • Oct 9, 2012 6:24am Oct 9, 2012 6:24am
Quoting danc
Mate u are a real HERO.. this forum needs more like you
I just can't stand people who don't put in the effort to earn their own money.
A 1 pip gain is better than a 1 pip loss.
  • #207
  • Oct 9, 2012 6:48am Oct 9, 2012 6:48am
Quoting aeternum
Hit my BE+1. Looking to short again past 1.023.
Ah well u cant get em all rite.. u would be short again now wouldnt you..??
  • #208
  • Oct 9, 2012 7:34am Oct 9, 2012 7:34am
Quoting danc
Ah well u cant get em all rite.. u would be short again now wouldnt you..??
Indeed. But I will close everything if we go past 1.03.

Still looking for a new EURUSD entry.
A 1 pip gain is better than a 1 pip loss.
  • #209
  • Oct 9, 2012 8:22am Oct 9, 2012 8:22am
Seems like I missed my entry for EURUSD by about 9 pips. Will we get a double bottom?
A 1 pip gain is better than a 1 pip loss.
  • #210
  • Oct 9, 2012 9:46am Oct 9, 2012 9:46am
If my count here is wrong and this is still wave 1 of c, then we may have another chance to short somewhere around 1.297/8. I will wait until the end of this week or next week for this chance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 9 October 2012 PM.png Size: 80 KB
A 1 pip gain is better than a 1 pip loss.
  • #211
  • Oct 9, 2012 9:50am Oct 9, 2012 9:50am
Experimental long at 1.29107.
A 1 pip gain is better than a 1 pip loss.
  • #212
  • Oct 9, 2012 10:24am Oct 9, 2012 10:24am
Quoting danc
Ah well u cant get em all rite.. u would be short again now wouldnt you..??
Too bad I kept scalping it and I missed out on the big move down. Need to stop my bad habits.
A 1 pip gain is better than a 1 pip loss.
  • #213
  • Oct 9, 2012 11:00am Oct 9, 2012 11:00am
Doesn't seem like EURAUD is retracing. Daily and Weekly are both beginning to turn around. I really should have kept my positions instead of constantly scalping for a better position of a few pips.
A 1 pip gain is better than a 1 pip loss.
  • #214
  • Oct 9, 2012 11:13am Oct 9, 2012 11:13am
I made this chart on 8 October and I can't believe PA actually followed everything I drew.

Should have more faith in myself.

There should be a retracement for this huge move down. I'm thinking of a harmonic pattern now. Can you find it?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 8 October 2012 Update.png Size: 75 KB
A 1 pip gain is better than a 1 pip loss.
  • #215
  • Oct 9, 2012 11:34am Oct 9, 2012 11:34am
To be honest I have no clue what AUDUSD is doing. Its down on Weekly but up on 4H and Daily. I'm guessing we may actually get to see 1.025-1.03. I'm looking to see if shorting there is a good idea. I'm also looking to see a retest of lows before the hike back up.

As for EURUSD, I'm thinking of a small bounce from these lows. 15min has formed a hammer. Not sure if I'm right, but I have already done up a chart showing what I think will happen and what the move is. I will not post it up to prevent people from coming here and piggybacking on my ideas. Perhaps people will start detesting me and stop coming to see this thread, but its fine for me because this is MY journey. The records here are for my own references and purposes. I am merely sharing them to hopefully help inspire or teach people (if its even possible).

All I can say now is that my overall sentiment for EURUSD is bearish. I won't say where I'm going short from.

Cheers
A 1 pip gain is better than a 1 pip loss.
  • #216
  • Oct 9, 2012 11:13pm Oct 9, 2012 11:13pm
Quoting aeternum
To be honest I have no clue what AUDUSD is doing. Its down on Weekly but up on 4H and Daily. I'm guessing we may actually get to see 1.025-1.03. I'm looking to see if shorting there is a good idea. I'm also looking to see a retest of lows before the hike back up.

As for EURUSD, I'm thinking of a small bounce from these lows. 15min has formed a hammer. Not sure if I'm right, but I have already done up a chart showing what I think will happen and what the move is. I will not post it up to prevent people from coming here and piggybacking on my ideas....
This movement has been ruled out because of a further downside movement.
A 1 pip gain is better than a 1 pip loss.
  • #217
  • Oct 9, 2012 11:16pm Oct 9, 2012 11:16pm
Quoting aeternum
EURAUD Short entered at 1.28187, SL at BE now. Looking to a minimum of 1.255.
Really annoyed that I accidentally shifted my SL right smack a few pips away from price action at 1.275. I would have taken a profit now to claim over 200 pips.

But mistakes are made to be learned.
A 1 pip gain is better than a 1 pip loss.
  • #218
  • Oct 9, 2012 11:29pm Oct 9, 2012 11:29pm
I am looking for a 50% retracement up to around 1295. I will trail stop this because 1.3 is also a possibility.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 10 October 2012 AM.png Size: 82 KB
A 1 pip gain is better than a 1 pip loss.
  • #219
  • Oct 10, 2012 8:08am Oct 10, 2012 8:08am
Quoting aeternum
I am looking for a 50% retracement up to around 1295. I will trail stop this because 1.3 is also a possibility.
Scratch that. Its not a possibility. There is no way we can break 1.298 because if we break it, my EW count is wrong. And so far I haven't been wrong. Also if we break it, it means that something else is going on.

I'm not saying I'm a perfect trader but I think I got the right direction.

The move down to 1.2835 was unexpected, I only expected 1.28606. Wave 1 to 2 had about 40+ pips of retracement. I expect the same here but it seems we retraced higher to 1.288. I expect a high of at most 1.2925, which was yesterday's support.

We should see a 1.27635 or 1.27306 as final move down before we shoot back up.

I revealed my hand on Elliot Wave Outlook somewhere on this forum. Not gonna say where. Also if you are to take this trade, I will warn you that its none of my business and its at your own risk.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 10 October 2012 PM.png Size: 85 KB
A 1 pip gain is better than a 1 pip loss.
  • #220
  • Oct 10, 2012 9:35am Oct 10, 2012 9:35am
Quoting aeternum
Experimental long at 1.29107.
Closed.

Reopened new sell position at 1.29067, was looking for 1.291 but it kept going down so I got impatient. 1.29126 was 50% retracement on my charts. TP 1.27xx.

Edit: If we go any higher to 1.2925 or 1.293/4, I will add shorts there.
A 1 pip gain is better than a 1 pip loss.
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