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Trading EURUSD only

  • #31,521
  • Jan 22, 2013 9:48am Jan 22, 2013 9:48am
Quoting mok1one
I don't like the bullish Doji ignore on the 1H chart.

A week ago i came a Trading Basics book to my friend who asked If i got smthing like that. Today he told me he has learn so much from only a 50 pages so far.
Looks like i'm going to have to say to him that when you trade E/U nothing in this book matters
Well, the problems with books is that they always cherry pick examples that are nice and neat and easy to see. But reality is that the markets are seldom nice and neat to look at it. And so it becomes the task to decipher the price patterns in those conditions.
  • #31,522
  • Jan 22, 2013 9:50am Jan 22, 2013 9:50am
Quoting thegunslinger
Well, the problems with books is that they always cherry pick examples that are nice and neat and easy to see. But reality is that the markets are seldom nice and neat to look at it. And so it becomes the task to decipher the price patterns in those conditions.
I have to agree
  • #31,523
  • Jan 22, 2013 9:52am Jan 22, 2013 9:52am
I wonder does Draghi make a nice green engulfing candle next to the one that closes in 8 MIN on my chart.
  • #31,524
  • Jan 22, 2013 9:53am Jan 22, 2013 9:53am
Quoting Uturn2
I'm kicking myself for not taking the Short
[especially when you asked about the count]
Now ABC correction expected?
A for 5min div C for 15min div then wave 3 for 30 min div and 5th for 1H div?
  • #31,525
  • Jan 22, 2013 10:00am Jan 22, 2013 10:00am
Quoting mok1one
Now ABC correction expected?
A for 5min div C for 15min div then wave 3 for 30 min div and 5th for 1H div?
This is the labeling I have come up with [Best Fit],
as per GS comments.
Robert Balan Complex Correction:
Attached Image (click to enlarge)
Click to Enlarge Name: 130122_2H[2] EURUSD.png Size: 19 KB
Wait, or you will be slaughtered!
  • #31,526
  • Jan 22, 2013 10:03am Jan 22, 2013 10:03am
Quoting mok1one
Now ABC correction expected?
A for 5min div C for 15min div then wave 3 for 30 min div and 5th for 1H div?
Who knows? Heh. It's either another A wave in a correcttion or we're going to start the final leg of the major cycle's 5th wave up. Either way, it should be an impulse/motive wave. I'm long from 3285.
  • #31,527
  • Jan 22, 2013 10:04am Jan 22, 2013 10:04am
Quoting Uturn2
This is the labeling I have come up with [Best Fit],
as per GS comments.
Robert Balan Complex Correction:
TY.
I'm not familiar with that count.
But what i wrote, i ment like this :

5min chart

But again I have to apologize, goz i'm not an ew expert. Know veeery little about it.

EDIT:for the C wave hopefully we can add a Draghi candle
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.jpg Size: 74 KB
  • #31,528
  • Jan 22, 2013 10:10am Jan 22, 2013 10:10am
Fib channel says up to me.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 17 KB
  • #31,529
  • Jan 22, 2013 10:11am Jan 22, 2013 10:11am
Quoting mok1one
TY.
I'm not familiar with that count.
But what i wrote, i ment like this :

5min chart

But again I have to apologize, goz i'm not an ew expert. Know veeery little about it.
Looks viable to me.
I'm no expert either.
Just learning as much as I can about EW,
as fast as I can.
Cheers m1!
Wait, or you will be slaughtered!
  • #31,530
  • Jan 22, 2013 10:12am Jan 22, 2013 10:12am
Quoting Uturn2
This is the labeling I have come up with [Best Fit],
as per GS comments.
Robert Balan Complex Correction:
As you aware sir, I see this as well. Daily looks similar. We will see.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #31,531
  • Jan 22, 2013 10:16am Jan 22, 2013 10:16am
I wish every day such a moves happen :

From dailyPiv to R3 to S3 to R3 to S2.
  • #31,532
  • Jan 22, 2013 10:41am Jan 22, 2013 10:41am
Quoting mok1one
I wish every day such a moves happen :

From dailyPiv to R3 to S3 to R3 to S2.
ok! A retest of DS2???
Attached Image (click to enlarge)
Click to Enlarge Name: 130122_15m[5] EURUSD.png Size: 16 KB
Wait, or you will be slaughtered!
  • #31,533
  • Jan 22, 2013 10:44am Jan 22, 2013 10:44am
The price hasn't really bounced off the pivots. It broke through them and then turned and this was all due to comments / rumours about the EU meeting. If you put 7 lines on a chart price is bound to go near one of them!
  • #31,534
  • Jan 22, 2013 10:45am Jan 22, 2013 10:45am
Quoting mok1one
TY.
I'm not familiar with that count.
But what i wrote, i ment like this :

5min chart

But again I have to apologize, goz i'm not an ew expert. Know veeery little about it.

EDIT:for the C wave hopefully we can add a Draghi candle
Quoting Uturn2
ok! A retest of DS2???
I think so too.
5min bear div also. (average move from the ones i have counted is ~15 pips)
Attached Image
  • #31,535
  • Jan 22, 2013 10:48am Jan 22, 2013 10:48am
if its not bearish but still at this level during draghis speech then I´m bullish. Draghis speech will be the last chanse for this pair to go down this week. Thats my guess.
  • #31,536
  • Jan 22, 2013 10:50am Jan 22, 2013 10:50am
Quoting mok1one
I think so too.
5min bear div also. (average move from the ones i have counted is ~15 pips)
A wave might not be done yet. This could go till 3314 imo.
  • #31,537
  • Jan 22, 2013 10:54am Jan 22, 2013 10:54am
Quoting Uturn2
ok! A retest of DS2???
AB=CD?

Seems to be moving harmonically, harmonic = 70 for EUR

That would allow it to avoid retest
The world you desire can be won. It exists.. it is real.. it is possible..
  • #31,538
  • Jan 22, 2013 11:09am Jan 22, 2013 11:09am
friend of mine, I´ve profited already these days...
but, I have to say, the time to go long, IMO, is now!!
everything already explained before...
GL mates!
  • #31,539
  • Jan 22, 2013 11:11am Jan 22, 2013 11:11am
Quoting xandi
friend of mine, I´ve profited already these days...
but, I have to say, the time to go long, IMO, is now!!
everything already explained before...
GL mates!



4H triangle
would V you if I could for this
  • #31,540
  • Jan 22, 2013 11:14am Jan 22, 2013 11:14am
Quoting xandi
friend of mine, I´ve profited already these days...
but, I have to say, the time to go long, IMO, is now!!
everything already explained before...
GL mates!
xandi, just be careful mate you never know maybe draghi woke up with his feet outside of bed ( portuguese saying )
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