Markets are not Random, they are designed!
- #2,101
- Edited 1:28am Oct 20, 2012 1:16am | Edited 1:28am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
- #2,102
- Oct 20, 2012 1:35am Oct 20, 2012 1:35am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #2,103
- Oct 20, 2012 2:29am Oct 20, 2012 2:29am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
first chart corresponds to my point of view, but in trading nothing is sure, i'm still bullish and wait for a confirmation, if not......
well we sell
I'll Sell when price is heading to Hell
- #2,104
- Oct 20, 2012 4:03am Oct 20, 2012 4:03am
- Joined Jun 2010 | Status: zero | 20,603 Posts
Have a good week end Markus.
A different View.
So many ways to skin a cat........
At some times EW seems to be kind of useless LOL
- #2,105
- Oct 20, 2012 6:03am Oct 20, 2012 6:03am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Bearish View.
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,106
- Oct 20, 2012 6:10am Oct 20, 2012 6:10am
- Joined Oct 2012 | Status: private | 2,606 Posts
So many ways to skin a cat........
At some times EW seems to be kind of useless LOL
just do it
- #2,107
- Oct 20, 2012 7:11am Oct 20, 2012 7:11am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,109
- Oct 20, 2012 8:13am Oct 20, 2012 8:13am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,111
- Oct 20, 2012 9:33am Oct 20, 2012 9:33am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Elliott Wave = Crowd psychology ....
in which describes a battle between the Bulls and the Bears
see chart below
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( Click on chart to enlarge )
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,112
- Oct 20, 2012 9:36am Oct 20, 2012 9:36am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Need some help with this an opinion... Look GBP/USD 4h chart, the last wave is 5 down or 3 down...
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,113
- Oct 20, 2012 9:56am Oct 20, 2012 9:56am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Need some help with this an opinion... Look GBP/USD 4h chart, the last wave is 5 down or 3 down...
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,114
- Oct 20, 2012 10:03am Oct 20, 2012 10:03am
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
Wooooohooooo or Boooooohooooo
- #2,115
- Oct 20, 2012 10:11am Oct 20, 2012 10:11am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,117
- Oct 20, 2012 11:50am Oct 20, 2012 11:50am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #2,118
- Edited 1:12pm Oct 20, 2012 11:56am | Edited 1:12pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Hey, somebody was working hard...
Homework was done long time ago..
It was all in my head just put them on the chart today.
I do care for Elliott Wave but some times , waves are so deceiving that its hard to make sense out of it.
At that point what makes sense is the Price....
"It is true that Price is Everything"!
I am pretty good with price what I am working on is "Time", which is more
important than Price.
The day I figure that out, it will be my greatest accomplishment.
PS: this could be the last impulse wave down of your Equity Curve.... (just joking)...whereas mine looks like its due for a Correction.
Markets are not Random, they are designed!
- #2,119
- Oct 20, 2012 12:12pm Oct 20, 2012 12:12pm
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
So many ways to skin a cat........
At some times EW seems to be kind of useless LOL
I take what I can, when it makes sense, kinda " Hit and Run"
Who cares where its gonna go. Market is dancing in our face all day all night long. Take what you can, you would be way better off than catching the trend from the bottom or top and collect 1000 pips.
If it is the top or bottom , would you risk a lot considering you are right. What if you are wrong you can have a significant loss from even a small move more than your price level.From every anticipated price level size your position accordingly. ( Like you do 1/10 position etc) and " take what you can "
It sounds very good and looks good in the books as well, that I can add to my position! What happens when retrace comes and takes all your profit. Waste of time and Money.
Why not just " Hit and Run" and sleep peacefully.
Another thing that works in trading and in Life : "Have No regrets". For not taking the position, keeping the position, losing a position.
It goes something like this Movie Dialogue, substitute the word "regret" for "pride".
Enjoy!
Inserted Video
Markets are not Random, they are designed!
Well, not really. This pound down move is corrective, and when I was talking about the reversal, I'm expecting a new top for pound (and euro too), near 1.64, so something like shown below.
There's also divergence building up on CCI, if you wish to use other indications for reversal.
There's also divergence building up on CCI, if you wish to use other indications for reversal.
Ok ty, so you mean bear...