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Quoting Mr. Scott

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No that was 1.025. Chicken is usually good for 50 pips.

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Quoting mry2001

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I thought you always fight for 50 pips.

Shorting E/U could be better than shorting this....

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Quoting roro53

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aliens, waves, boobies, and simple math 2+2...

your thread is magic, DB

http://25.media.tumblr.com/tumblr_m5...7xwvo1_500.jpg

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Quoting roro53

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aliens, waves, boobies, and simple math 2+2...

your thread is magic, DB

http://25.media.tumblr.com/tumblr_m5...7xwvo1_500.jpg

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Quoting Mr. Scott

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It was 50 pips, but only take what market is willing to give.

Flat EUR, waiting for better entries.

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Quoting chiknthief

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Watch that alien talk. The Roswell incident occurred right here in my back yard. http://www.roswellufomuseum.com/

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Quoting 2+2=4ex

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Okay that's fine and all. I won't disagree with any of the 5-3 is most efficient stuff. Mainly cause I'm not an engineer. But let me ask you this then... how do you differentiate between 5-3 and 5.35-3.53?

Or how about 5.3535-3.5353?

It goes on and on. So how do you know which wave you are on? Where does it end? Where does the next one start? And back to which wave is now starting? The more I think about it, the more I believe that EWP is just a humans way of trying to make sense of something too great to put in order for the human mind.

EDIT:...

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Quoting DaddyBear

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In your backyard? You must be polluted by aliens' radiation and became an ultra bear.....

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Quoting chiknthief

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Here's an interesting view of cycles. Only based on PA, not time. If you're looking to buy dips in a bull market or sell rallies in a bear market these can be useful tools on any TF. Look for a close at or very near the high of the bar for a sell - or at or very near the low of the bar for a buy. (the point where it looks most bullish/bearish is usually a turning point - at least in the short term)

Check it out :

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Quoting chiknthief

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Watch that alien talk. The Roswell incident occurred right here in my back yard. http://www.roswellufomuseum.com/

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Quoting mima

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Where she was going?

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Quoting InsideForexT

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Hello,

Found the conversation about Elliot Wave interesting and thought I might add to it. Usually use EW as a guide for overall direction of a currency pair and feel it's beneficial to understand in addition to price action. For example, an impulse wave in a 5 wave structure vs. a corrective 3 wave pattern. This is helpful to determine market direction. Also feel that actual price action gives a better indication because the markets are showing you the correct direction. By combining them with other technical analysis I think effectively...

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Quoting mima

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Where she was going?

http://www.forexfactory.com/attachme...1&d=1360441861

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Quoting maximmm

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Aye - as I've mentioned before - it truly has become a self-fulfilled prophecy. At the same time, as I've previously mentioned, one does not need to know ewp in order to understand trends and how they operate. In ewp, each rising wave is bigger in size than the retraction - that's the same for normal trend theory. I think candle formations for weekly/monthly/daily charts are just as useful - and trend lines are very effective as well.

EWP is essentially a fancy name for a trend theory - though it has several interesting rules about wave and fibonacci numbers.
In the end, one does not need to know EWP to be a great trader - IMO.

Aud made yet another move lower this week - a fairly big move. I suspect that aud will continue to move lower in the coming weeks.

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Quoting forexalien

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And the Carlsbad Caverns where we Aliens were hidding out after the great crash......That was a decoy we sent down to earth, while the mothership landed in the caves......

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Quoting DaddyBear

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Alien, is there any toilet in the UFO? What color is aliens' waste?

http://www.forexfactory.com/attachme...1&d=1355016240

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Quoting forexalien

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It comes down as Snow....get any lately? hehehe

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Quoting DaddyBear

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Need one million or more aliens to do so if this is real. Guess not.... I think they [including you] don't have to go to the toilets. They are more like birds which spray their waste in the air .......

http://www.forexfactory.com/attachme...1&d=1355016240

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