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Trading EURUSD only

  • #30,621
  • Jan 16, 2013 8:59am Jan 16, 2013 8:59am
Quoting thegunslinger
Everyone looking long? No one eyeing the 23% fib, conveniently along the last line of R, around 1.3230ish? Seems like a good place for demand to kick in before it goes higher. Trend is still down and I'm not too keen on picking bottoms.
Also WLY Pivot @3248 and Last Weeks Open at 3226....................
Wait, or you will be slaughtered!
  • #30,622
  • Jan 16, 2013 9:06am Jan 16, 2013 9:06am
Quoting mok1one
Could I ask why?
of course, so if you draw a line down trend from the today highest point go up to find the top one, here you can see a down trend channel !
  • #30,623
  • Jan 16, 2013 9:08am Jan 16, 2013 9:08am
Quoting Miguel.N
of course, so if you draw a line down trend from the today highest point go up to find the top one, here you can see a down trend channel !
ok. ty
  • #30,624
  • Jan 16, 2013 9:11am Jan 16, 2013 9:11am
Quoting Uturn2
Sorry I got it completely wrong [Twice] re Expanded Flats:
See attached Chart for correction.
Cheers,
U2
Uturn, like your analysis, but based on channels, might running flat be more likely?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #30,625
  • Jan 16, 2013 9:11am Jan 16, 2013 9:11am
Quoting Miguel.N
of course, so if you draw a line down trend from the today highest point go up to find the top one, here you can see a down trend channel !
trendlines are made to break I hope and think it will break it in 1h =)
  • #30,626
  • Jan 16, 2013 9:11am Jan 16, 2013 9:11am
Quoting mok1one
ok. ty
some guys here follow this one as well, do you think is can work !?
  • #30,627
  • Edited 9:37am Jan 16, 2013 9:24am | Edited 9:37am
Quoting Miguel.N
some guys here follow this one as well, do you think is can work !?
Did i got the Red TL like you ment?

As you can see it has made a bullish divergence on 1H. I still consider the whole patter as a bullish flag, with a huge pole.

Also i have put there 2 yellow circles. I call these fibchannels (that has a smaller height that others) range channels. Also as you can see the price in both cases has ranged inside them.
My guess the price moves up. Haven't seen much of 1H and 4H div cancellations yet.
But as you know - one word from a stincking politicians and the whole thing could be upside down.

But if this Red TL that i drew is what you ment by the downTL then I have to agree. We are still in a downtrend until broken. As you can see from the chart it meet's with my 1H fibchannel. If that is Broken then 3380 would be my next target and second 3480.

And this is only my opinion I engourage you to NOT take it too seriosly. Own chart - Own trade - Own ideas and analyzis - only by them we learn from our mistakes and advancements.
Attached Image (click to enlarge)
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  • #30,628
  • Jan 16, 2013 9:26am Jan 16, 2013 9:26am
Quoting Uturn2
pdf on EW rules [from Lara at Elliottwave Stockmarket]
Thanks for your EW

Twinsummit
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #30,629
  • Jan 16, 2013 9:42am Jan 16, 2013 9:42am
Quoting mok1one
Did i got the Red TL like you ment?

As you can see it has made a bullish divergence on 1H. I still consider the whole patter as a bullish flag, with a huge pole.

Also i have put there 2 yellow circles. I call these fibchannels (that has a smaller height that others) range channels. Also as you can see the price in both cases has ranged inside them.
My guess the price moves up. Haven't seen much of 1H and 4H div cancellations yet.
But as you know - one word from a stincking politicians and the whole thing could be upside down.

But if this Red...
it's a perfect draw, and know that we can see those 2 channels, we have to wait to see witch one will break, but in my own game i am more convinced by the down, but still working carefuller !
  • #30,630
  • Jan 16, 2013 9:47am Jan 16, 2013 9:47am
Quoting Miguel.N
it's a perfect draw, and know that we can see those 2 channels, we have to wait to see witch one will break, but in my own game i am more convinced by the down, but still working carefuller !
5more pips to the TL. We can see see will it break or not.
  • #30,631
  • Jan 16, 2013 9:49am Jan 16, 2013 9:49am
SH 3305 TG 3275 off Fib channel
  • #30,632
  • Jan 16, 2013 9:51am Jan 16, 2013 9:51am
15 left
30 center
5 right

That Red TL we talked about is seen on the 15min chart
Attached Image (click to enlarge)
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  • #30,633
  • Jan 16, 2013 10:05am Jan 16, 2013 10:05am
" The International Monetary Fund was expected to approve a delayed 3.3 billion euro loan payment to Greece during a board meeting on Wednesday, the Wall Street Journal reported "

This is bullish news for €/$
  • #30,634
  • Jan 16, 2013 10:08am Jan 16, 2013 10:08am
BTW. anybody knows where steve is today? haven't seen him here.
  • #30,635
  • Jan 16, 2013 10:09am Jan 16, 2013 10:09am
Quoting mok1one
BTW. anybody knows where steve is today? haven't seen him here.

nope maybe he is busy with some work.
  • #30,636
  • Jan 16, 2013 10:11am Jan 16, 2013 10:11am
Quoting XharpScalper
nope maybe he is busy with some work.
i guess that's the case. otherwise he would be here
Oh well. You have to tolerate and read my post's then
  • #30,637
  • Edited 10:27am Jan 16, 2013 10:13am | Edited 10:27am
Good morning EURUSD traders....

The sense of the movement of this pair continues to confound many. If you would like.... you can see a result I had today by visiting the AG qualifier which is the fifth of my Trade Explorers.

While I was waiting in a "demand zone" I managed 7 successful scalps : the smallest 5 pips then 5.6 then3@10 pips , 11 pips and the largest 16 pips The large sized trade I am swing trading is one bought at a broken demand 8 lots @ 1.3348 and it should be profitable today in about 30 minutes
and another 10 lots @ 1.3278 bought in middle of today's lowest demand zone demand currently $2500 profitable.

I am scalping again now scalp again as as I can determine another clear demand zones forms I think one is forming now 1.3290 to 1.3310 . If the PA goes above 1.3315 new zone and I am hunting again.... for demand zone.
This days PA has the footprint a Goldman Sachs Program I nick named the "creeper" always moving the target to confound the competitors and pick up easy stops.

Just executed one in the new zone 5 lots @ 1.3295 sell at 1.3305 for another small $500.

The zone seems intact now so it should work until demand is exhausted or these snakes drop the zone to return to the previous one
Thanks to all who help me grow and prosper
Note my lot size is smaller as I am not as sure of the new zone as the one I just managed to work ..... I would post a chart but at school and they do not allow uploads to sites from teacher computers


Thanks Turtle
Trading Consultants Inc JJG
  • #30,638
  • Jan 16, 2013 10:13am Jan 16, 2013 10:13am
Price touched 15MIN 200MA , 30MIN and 1H 50MA with the current tip.
  • #30,639
  • Jan 16, 2013 10:16am Jan 16, 2013 10:16am
Quoting mok1one
i guess that's the case. otherwise he would be here
Oh well. You have to tolerate and read my post's then


I enjoy your analysis , keep it up.
  • #30,640
  • Jan 16, 2013 10:33am Jan 16, 2013 10:33am
this 15min candle to break the TL and test DP @ 22?
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