The Student Handbook | Page 66 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another new student 6 replies

Forex Without a Job (College/Uni Student) 35 replies

GusForex - College student on a mission 2 replies

student needs answers to some questions 5 replies

My Dealer Handbook 0 replies

Attachments: The Student Handbook
Exit Attachments

The Student Handbook

  • #1,301
  • Jan 16, 2013 10:43pm Jan 16, 2013 10:43pm
Quoting 9er
Yesterday was pretty quiet (at least for me anyway). I took one trade on EU and closed it at BE. Was pretty sideways for most of the day - making the EW count that much more difficult to decipher.

I have re-assessed and re-counted. From what I can see we are still in a 5 wave impulse (i,ii,iii,iv,v) having completed waves (i), (ii) putting wave (iii) around 3239 (which is also the weekly pivot).

The 3252 (S1) area has shown to be strong support so a break of this level is needed to confirm my count.
this 38.2% on H1 could broken this time....yesterday just a retracement for further down move.....
Attached Image (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 111 KB
Dangdut is a music of my country
  • #1,302
  • Jan 16, 2013 11:13pm Jan 16, 2013 11:13pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
So far from what I can see, when the indi paints the trend line. A bounce or a break of the trend line appears to be very tradeable

(ignore the blue letters and numbers) (that is EWpro)

If this TL break was traded it amounted to about a 45 pip move. I see this continuosly across all pairs

I'm seeing the move from W4 to W5 and W5 as the best ones to trade
Attached Image (click to enlarge)
Click to Enlarge Name: ej15m.gif Size: 45 KB
  • #1,303
  • Jan 16, 2013 11:15pm Jan 16, 2013 11:15pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I think also but 3239 is a weekly pivot point. So keep stops tight in this area

Quoting NuNix
this 38.2% on H1 could broken this time....yesterday just a retracement for further down move.....
  • #1,304
  • Jan 17, 2013 12:09am Jan 17, 2013 12:09am
Lol EJ/UJ play pingpong again....Might be EU will follow too...buy @1.3284
Dangdut is a music of my country
  • #1,305
  • Jan 17, 2013 12:34am Jan 17, 2013 12:34am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The break of the TL on the 15M seems to confirm your order

Quoting NuNix
Lol EJ/UJ play pingpong again....Might be EU will follow too...buy @1.3284
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 46 KB
  • #1,306
  • Jan 17, 2013 1:40am Jan 17, 2013 1:40am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Respecting upper TL
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 48 KB
  • #1,307
  • Jan 17, 2013 1:45am Jan 17, 2013 1:45am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Respected it big time - right back to the lower TL
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 48 KB
  • #1,308
  • Jan 17, 2013 2:16am Jan 17, 2013 2:16am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Meant to set a buy stop at the high of the last 15M candle (the one that bounced off the lower yellow TL). Stepped out and missed the move was a +20 pip move in which I could have nabbed my +10 for the day.

I think I am going to like this indi just fine
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m.gif Size: 53 KB
  • #1,309
  • Jan 17, 2013 2:26am Jan 17, 2013 2:26am
EUR M15
Attached Image (click to enlarge)
Click to Enlarge Name: ???.JPG Size: 132 KB
  • #1,310
  • Jan 17, 2013 2:36am Jan 17, 2013 2:36am
finally

you came from your bed room buddy.....


9er...

he is the man !!! hopefully Nen ( zup developer ) ...come also someday.................

Quoting poruchik
EUR M15
not euphoria follower
  • #1,311
  • Jan 17, 2013 2:47am Jan 17, 2013 2:47am
Quoting poruchik
EUR M15
Welcome Master!!!!

Bullish dragon,,never heard before, what is that?

So the final target for prz is 3364?
Dangdut is a music of my country
  • #1,312
  • Edited 3:03am Jan 17, 2013 2:52am | Edited 3:03am
Where you live bro?

dragon - http://www.forexfactory.com/showthre...166155&page=45

++++++
final target for prz is 3364?

it is bug indi
  • #1,313
  • Jan 17, 2013 3:05am Jan 17, 2013 3:05am
Quoting 9er
Indureitor - I was just looking at your chart and was interested to see the EW as you counted it. Close to my count but yours seems to paint the big picture. Are you familiar with Elliot Waves? Would love to see some EW discussions in here
INfirst place sorry by delay in the answer 9er i hadnt read your comment before... I like the elliott wave, im pleased because is the first time people wants to talk about elliott waves normally people dont like so much and feel a boring term... In this moment i havent things so clear and im doing pic for some different stages, if you havent got problem i think iŽll finish them this weekend and later we can comment and discuss the most probable stages...
  • #1,314
  • Jan 17, 2013 3:07am Jan 17, 2013 3:07am
I'm live in FF buddy...ok I'm reading now, thank you.
Quoting poruchik
Where you live bro?

dragon - http://www.forexfactory.com/showthre...166155&page=45

++++++
final target for prz is 3364?

it is bug indi
Dangdut is a music of my country
  • #1,315
  • Jan 17, 2013 4:27am Jan 17, 2013 4:27am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
By all means - I welcome it

Quoting Indureitor
INfirst place sorry by delay in the answer 9er i hadnt read your comment before... I like the elliott wave, im pleased because is the first time people wants to talk about elliott waves normally people dont like so much and feel a boring term... In this moment i havent things so clear and im doing pic for some different stages, if you havent got problem i think iŽll finish them this weekend and later we can comment and discuss the most probable stages...
  • #1,316
  • Jan 17, 2013 5:25am Jan 17, 2013 5:25am
Well this pic show my perfomance today and my favourite stage for the day.
i had to update the count by the changes of yesterday and now im working with this count as favourite.....
Today i have done two entries in this pair as consecuence of a new wave with (at moment seems ) extended and subdivided wave 3 or c.The pic show count in m15 but entries was in m5 and closed in 162% fib of w1 gold in confluence with r3. first entry 1.3313 and add on 1.3325 and both was closed in r3 1.3358
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-17_1209.jpg Size: 186 KB
  • #1,317
  • Jan 17, 2013 5:56am Jan 17, 2013 5:56am
If you dont mind, i would love to take a look at the Indicator you are talking about. Since my Problem is counting the wave and often lost the count. T_T

Quoting 9er
Want to change directions for a day (although I still plan to update the EU elliot wave as I see it), but I want to concentrate on the AO advanced indicator. If you don't already have the AO send me a PM and I will provide information to aquiring it.

I don't usually get excited over much in the forex, but I studied this AO at length yesterday - and if understood properly I think it can be traded all by itself (Bill Williams himself says this about the AO in his book) this version of the AO provides counts based on the AO premises. The counts...
  • #1,318
  • Jan 17, 2013 6:11am Jan 17, 2013 6:11am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Wow what a beautiful trade. I literally missed that entry by seconds. Wished you would have posted this a few hours ago

I can see from your counts of EW that I have MUCH to learn. Since I missed the boat today with trading I am trying to continue my education with EW and this most awesome Ewaves oscillator!

maybe I can capture some pips at the news releases today at 1330 GMT?

Otherwise thank you for your post - most informative!
  • #1,319
  • Edited 8:35am Jan 17, 2013 8:00am | Edited 8:35am
Some opinions of this? http://screencast.com/t/RhjcVIzq
  • #1,320
  • Jan 17, 2013 8:17am Jan 17, 2013 8:17am
Quoting 9er
So far from what I can see, when the indi paints the trend line. A bounce or a break of the trend line appears to be very tradeable

(ignore the blue letters and numbers) (that is EWpro)

If this TL break was traded it amounted to about a 45 pip move. I see this continuosly across all pairs

I'm seeing the move from W4 to W5 and W5 as the best ones to trade
Hey 9er - and there you have one of my favouritest bestest setups. the indi showing a 5 wave correction within what might normally be a W4.

Look for a nice down move; wait for the 5 wave correction at the forecasted TZ level (ideally, with confluence at a fib retrace or S/R level of the main down move); either trade a reversal candle setup at that level or wait for the TLB. I'd normally expect price to at least test previous lows (the main W3) but EJ didn't want to play ball in this instance. Still, plenty of pips to be had with great R:R if trading off the TZ.

That pic is one to be printed and stuck on your trading wall ...
0 traders viewing now