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Trading EURUSD only

Quoting Mr. Scott
Uturn, have you done EWC on daily? What level do you see? I ask because I have and curious what you see?



Would say BIG losses are unacceptable. Rarely hedge, find it can complicate things exponentially and can decrease potential wins. Risk = reward. Don't mind entering a trade and taking a small loss. Like a salesman, gets me closer to the next big winner. But you can manage losses based on experience as long as you have a pain point.

Need to define how you manage your winners. I think it is implied there, but need a rule or set of...
A friend gave me the attachment.
It locked me onto the concept that losses are totally unnecessary,
and more importantly the method to avoid them.
I like to scalp back any hedging costs,
hence I can say:
Losses are Unacceptable. No Exceptions.
In the past I was way to casual about losing my money.
I had plenty, and trading was my hobby.
Cheers,
U2
Attached File(s)
File Type: pdf jb way final.pdf   2.7 MB | 548 downloads
Wait, or you will be slaughtered!
[quote=Uturn2;6379796]
Quoting Mr. Scott
Uturn, have you done EWC on daily? What level do you see? I ask because I have and curious what you see?

DLY Charts:
Most of the count is courtesy of Ian Copsey.
I really like his Harmonic Elliott Wave.
The yellow 5 wave count up to -a- Blue 94.4% is mine.
-b- down is possibly complete,
and we are at (ii) Green of 5 waves up -c- Blue.
Ian's target was 1.3696.
Would you post yours on the forum so we can compare?
Cheers,
U2

Sure thing bro. I was just looking at impulsive moves up, not really counting far back. Ian Copsey does some good stuff for sure. Mine is very simple.

I see truncated fifth wave and that we are in midst of abc correction. Looks like this correction has the ability to retest all the way up to 1.3404. I like to view on daily or 4h as it easier for me to see before I move down to lower tf's. I like your charts and analysis, so keep up the good work.

I usually count in my head and by hand on my charts. Works better for me, though tough to share. That is why I usually rely on descriptions and words instead of pictures.

I could be way off, but it has been working for me thus far.
Attached Image
The world you desire can be won. It exists.. it is real.. it is possible..
Quoting Uturn2
A friend gave me the attachment.
It locked me onto the concept that losses are totally unnecessary,
and more importantly the method to avoid them.
I like to scalp back any hedging costs,
hence I can say:
Losses are Unacceptable. No Exceptions.
In the past I was way to casual about losing my money.
I had plenty, and trading was my hobby.
Cheers,
U2
Thank you, will read it.
The world you desire can be won. It exists.. it is real.. it is possible..
[quote=Mr. Scott;6379816]
Quoting Uturn2


Sure thing bro. I was just looking at impulsive moves up, not really counting far back. Ian Copsey does some good stuff for sure. Mine is very simple.

I see truncated fifth wave and that we are in midst of abc correction. Looks like this correction has the ability to retest all the way up to 1.3404. I like to view on daily or 4h as it easier for me to see before I move down to lower tf's. I like your charts and analysis, so keep up the good work.

I usually count in my head and by hand on my charts. Works better...
i agree with you scott, truncated 5 now abc pattern but iīm no expert at EW

Edit: OANDA 1.3308
just do it
[quote=thodie;6379827]
Quoting Mr. Scott

i agree with you scott, truncated 5 now abc pattern but iīm no expert at EW

Edit: OANDA 1.3308
Hi thodie / Mr S,
ty for the EW TA.
I closed my Short for +17,
and will assess it in the morning [EU].
I'll sleep well with the pips in the bank,
while the day traders in Asia try to close the opening gap.
Till tomorrow..............Cheers, U2
Wait, or you will be slaughtered!
Quoting Mr. Scott
Thank you, will read it.
I'm looking at my MAs to determine which time frames would keep me in the trade,
until the trend ends.
Surprise, surprise! 12H, 8H and 6H are the best!
Plenty of time to collect the pips!!!!!
Cheers, U2
Wait, or you will be slaughtered!
Hi Traders

Another week begins

So what are we looking at for today

Holding 4 small longs,3 to 134000 TP 134500TP

What happens after that concerns me,if it keeps climbing

trying to pick the top 13480 before it takes a massive dump

Big question is this the retrace,before we break above 135000

See what happens tody
H4 Demand Zone 1.3276 Stop 1.3245 31 pips TP 1.33737 #:1 RR There are no demand or supply zones inside H1 and therefore moves should happen quickly.
My trade set up is long 2 Lots @ 1.32817 SL 1.3230 TP 1.3373 Second Touch

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Set up RR 3 to 1 zone to zone bias upward.png Size: 129 KB
Trading Consultants Inc JJG
i have my own analysis, but agree, eu looks bullish, i have long 1 lot
Hey everyone

Good luck this week

I think this week we may see the push to 1.3480 or 1.35 psych

First could see drop to 1.3250

I am long from 1.3305
Be hopeful in a winning position, and fearful in a losing position.
Also changed my setup, this what it looks like now

Back in black

Eyes could no longer handle the white or silver background
Attached Image (click to enlarge)
Click to Enlarge Name: newplatformsetup.jpg Size: 176 KB
Be hopeful in a winning position, and fearful in a losing position.
Hi Traders

Got pending 133 long 13400 TP

just waiting for it retrace again
Appears to be finding Support ~3309
Higher Low Basing Pattern.
Currently building a Flat [abc] or ED?
No position
2H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 130121_2H[2] EURUSD.png Size: 19 KB
Wait, or you will be slaughtered!
mk why so quiet , no chart updates are you not trading today ?
Quoting Uturn2
Appears to be finding Support ~3309
Higher Low Basing Pattern.
Currently building a Flat [abc] or ED?
No position
2H Chart
6H MAs indicating it wants to turn up.
Chart very sideways [3 Dojis ATM]

Retest 1.3260-75?
No position.
Attached Image (click to enlarge)
Click to Enlarge Name: 130121_6H[1] EURUSD.png Size: 18 KB
Wait, or you will be slaughtered!
bulls can't be loving the PA on the shorter TF
Quoting XharpScalper
mk why so quiet , no chart updates are you not trading today ?
Hehe.
Taking some trades. But setting up charts for home use. I have 2 weeks vacation from work, and because i trade from work pc, i don't have the proper indis etc in laptop. So it takes a little time. Will update some charts during the day.
But seems we have a slow moving market today, unless we get some news from Eurogroup meeting.US is on holiday.
Right now waiting for the price to go to 3280-90
Quoting mok1one
Hehe.
Taking some trades. But setting up charts for home use. I have 2 weeks vacation from work, and because i trade from work pc, i don't have the proper indis etc in laptop. So it takes a little time. Will update some charts during the day.
But seems we have a slow moving market today, unless we get some news from Eurogroup meeting.US is on holiday.
Right now waiting for the price to go to 3280-90
MKT is ranging, you have time

Eurogroup meeting today, US Bank holiday... donīt expect too much
just do it
Quoting mok1one
Hehe.
Taking some trades. But setting up charts for home use. I have 2 weeks vacation from work, and because i trade from work pc, i don't have the proper indis etc in laptop. So it takes a little time. Will update some charts during the day.
But seems we have a slow moving market today, unless we get some news from Eurogroup meeting.US is on holiday.
Right now waiting for the price to go to 3280-90
30 MIN Chart for you

I will consider taking long there.
Right now in the short with bounce from upper channel-line
Attached Image (click to enlarge)
Click to Enlarge Name: 30min.jpg Size: 161 KB
Quoting thodie
MKT is ranging, you have time

Eurogroup meeting today, US Bank holiday... donīt expect too much
Ty. noticed that yes.
I also think we have a rangeing market today with very slow movment. Unless Eurogroup meeting has something to say.
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