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Trading EURUSD only

  • #31,601
  • Jan 22, 2013 2:37pm Jan 22, 2013 2:37pm
7 pip range for the last 2.5 hours.
  • #31,602
  • Jan 22, 2013 2:59pm Jan 22, 2013 2:59pm
what about scalpers
are they doin ok in this fast spikes?
  • #31,603
  • Jan 22, 2013 3:01pm Jan 22, 2013 3:01pm
bro I am warking on EW for sometimes.
FX is quite off EW.
strangly cant find a matching EW wave count yet

Quoting thegunslinger
PA suggests this should go down. It looks like our wave C correction should be happening. Maybe a retest of 330x?
  • #31,604
  • Jan 22, 2013 3:01pm Jan 22, 2013 3:01pm
Quoting stevewalker
guys
I am not sure abput buy orders.
this might roll down. took too long here to make a further move north
just think both direction
I'm bullish but expect a correction till 1.317 then we can start talking about 1.35 1.37
  • #31,605
  • Jan 22, 2013 3:02pm Jan 22, 2013 3:02pm
I really wish never start EW study.
now with every trade I think if count correct but as said no match found yet........

Quoting stevewalker
bro I am warking on EW for sometimes.
FX is quite off EW.
strangly cant find a matching EW wave count yet
  • #31,606
  • Jan 22, 2013 3:03pm Jan 22, 2013 3:03pm
when looking todays moves
3170
3100 does not seem big deals
POSS
Quoting Farrusco
I'm bullish but expect a correction till 1.317 then we can start talking about 1.35 1.37
  • #31,607
  • Jan 22, 2013 3:10pm Jan 22, 2013 3:10pm
guys I am off
see you later
  • #31,608
  • Jan 22, 2013 3:14pm Jan 22, 2013 3:14pm
Quoting doclaro
GUYS i am new in forex and i study only fundamentals....IN THIS NIGHT eur/usd is UP.
why???
because today German ZEW Economic Sentiment was good for EUR and Core Retail Sales (MoM), Existing Home Sales was bad for USD.

so economical speaking .....from 22.01.2013 hour 17:00 until next big news 24.01.2013 hour 15:30 Initial Jobless Claims for USD....

i TAKE THE AIRPLANE with a long on EUR/USD AT 1.33168 we will speak on 24.01.2013 15:30

Good night.
its hard to say at this situation, for me ZEW and Home sales are already in a past tense, we are back to Monday lvl. Maybe Thursday German Flash Manufacturing PMI (forecast 47. 1 previous 46.0), USD Unemployment Claims (forecast 359K previous 335K) and Friday news German Ifo Business Climate (forecast 103.1 previous 102.4) and Prelim UK GDP q/q (forecast -0.1% prevous 0.9%) and US New Home Sales (forecast 387K prevous 377K) will tell us.
Tho GBP is not so corelated with EUR these days, i dont know if we should take it into account line. Germans news is expected better than it was, USD unemployment is worse than expected, maybe it will play in favor of EUR.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_2013_01_22.jpg Size: 87 KB
  • #31,609
  • Jan 22, 2013 3:51pm Jan 22, 2013 3:51pm
Quoting stevewalker
I really wish never start EW study.
now with every trade I think if count correct but as said no match found yet........
I read something like that by other traders about EW...they have difficulty to know in which wave they are...
  • #31,610
  • Jan 22, 2013 4:02pm Jan 22, 2013 4:02pm
Quoting xandi
I read something like that by other traders about EW...they have difficulty to know in which wave they are...
It's not easy, to be sure. It's all about pattern recognition and either you have a brain that can do that easily or it takes some training before you can do it.
  • #31,611
  • Jan 22, 2013 4:49pm Jan 22, 2013 4:49pm
Quoting stevewalker
I really wish never start EW study.
now with every trade I think if count correct but as said no match found yet........

first question you ever ask me was what my EW opinion was... i studied EW for 2 years and most of it imo is a waste... the ONLY way imo to survive in these markets is to NOT have a bias nor to keep forecasting... and EW unfortunately does both of that...

screw EW... trade the charts... you will do better.. or if you use EW for an idea - leave it at that... an idea
  • #31,612
  • Jan 22, 2013 5:09pm Jan 22, 2013 5:09pm
too late
already started
until I say its over will study.
my advantage is I can code & BT different algos.
this makes things faster.
my guess in 4 weeks or so will have a better clue.
if fails will back to my trading. its ok. I have no issues. but now EW messed up my desecions.
until say yes/no will wait


Quoting jaylovin
first question you ever ask me was what my EW opinion was... i studied EW for 2 years and most of it imo is a waste... the ONLY way imo to survive in these markets is to NOT have a bias nor to keep forecasting... and EW unfortunately does both of that...

screw EW... trade the charts... you will do better.. or if you use EW for an idea - leave it at that... an idea
  • #31,613
  • Jan 22, 2013 5:11pm Jan 22, 2013 5:11pm
the issue is not the count
I can count multi chart
no issues about it.
the issue is there is no proper waves to count @ FX charts according to book count.
very rare.
the rest is mess according to count algos.
all corrections zig zags blah blah

Quoting xandi
I read something like that by other traders about EW...they have difficulty to know in which wave they are...
  • #31,614
  • Jan 22, 2013 5:27pm Jan 22, 2013 5:27pm
EUR/USD intraday: under pressure. Pivot: 1.337

Our preference: Short positions below 1.337 with targets @ 1.327 & 1.3245 in extension.

Alternative scenario: Above 1.337 look for further upside with 1.34 & 1.3435 as targets.

Comment: as long as 1.337 is resistance, look for choppy price action with a bearish bias.

Key levels
1.3435
1.34
1.337
1.3318 last
1.327
1.3245
1.322


Ticker : EUR
http://www.tradingcentral.com/chart/...1312301935.GIF
  • #31,615
  • Jan 22, 2013 7:08pm Jan 22, 2013 7:08pm
Quoting xandi
friend of mine, Iīve profited already these days...
but, I have to say, the time to go long, IMO, is now!!
everything already explained before...
GL mates!
ok, thatīs it...
  • #31,616
  • Jan 22, 2013 7:14pm Jan 22, 2013 7:14pm
he he

Quoting xandi
ok, thatīs it...
  • #31,617
  • Jan 22, 2013 8:40pm Jan 22, 2013 8:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: EW EURUSD 2013.01.23.jpg Size: 176 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #31,618
  • Jan 23, 2013 1:15am Jan 23, 2013 1:15am
Long @ 1.3296 Daily support
  • #31,619
  • Jan 23, 2013 1:34am Jan 23, 2013 1:34am
Gidday Traders

Well what a mess

Man gone short then long

Made bugger all today

closed some trades that zoomed off

then later on they zoomed back,that really pissing off

I still holding longs for days,to 13400 TP

What are rest of you guys doing
  • #31,620
  • Jan 23, 2013 1:57am Jan 23, 2013 1:57am
Quoting eliteincome
Gidday Traders

Well what a mess

Man gone short then long

Made bugger all today

closed some trades that zoomed off

then later on they zoomed back,that really pissing off

I still holding longs for days,to 13400 TP

What are rest of you guys doing
PA hasn't looked too good for the bulls especially in the shorter TF. Daily still holds bullish, but due the PA in the shorter TF creating LL, this bullish pattern can be erased depending on how the market reacts below 3300
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