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AUD/USD

  • #66,641
  • Sep 27, 2013 3:34pm Sep 27, 2013 3:34pm
Quoting Ssm
{quote} Can illustrate? Pls give me a chance to learn.
.
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #66,642
  • Sep 27, 2013 5:29pm Sep 27, 2013 5:29pm
warning for nobb:
when somebody says they made 33% or 200% profit , it may not a norm you should follow.
when somebody seem to be 100% right to you, that doesn't make you 100% correct if following them.
  • #66,643
  • Sep 27, 2013 5:30pm Sep 27, 2013 5:30pm
Quoting forexalien
{quote} . {image}
Thanks. How do you identify pt 5 of the EW?
The true fact is market doesn't care, risk mgt is important.
  • #66,644
  • Sep 27, 2013 7:52pm Sep 27, 2013 7:52pm
Quoting PipTrapper
{quote} Well according to my EW count, we had a wave 3 up to 0.9527 and now this down move is an abc wave 4. Therefore up should give us at minimum a truncated wave 5. Now truncated wave 5 can be anywhere from 78.6% to 100% of wave 4. A normal wave 5 is normally 61.8% extension of wave 3. So, in the case of a truncated wave 5, minimum up should be 0.9480 area Normal wave 5 should take us as high as 0.9605 area (give or take 20 pips) After that, we head down to complete the much larger 5th wave of the impulse that started at 1.0580 A/U Daily {image}...
Very good explanation Pip Trapper. Fits in well with my way of analysis. I have this retracement ending at 0.9264 as an easy target & 0.9195 as a good possibility. Wave 5 I have going to 0.9644.
Attached Image(s) (click to enlarge)
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Money Makes Money
  • #66,645
  • Sep 27, 2013 8:07pm Sep 27, 2013 8:07pm
Quoting PipTrapper
{quote} Well according to my EW count, we had a wave 3 up to 0.9527 and now this down move is an abc wave 4. Therefore up should give us at minimum a truncated wave 5. Now truncated wave 5 can be anywhere from 78.6% to 100% of wave 4. A normal wave 5 is normally 61.8% extension of wave 3. So, in the case of a truncated wave 5, minimum up should be 0.9480 area Normal wave 5 should take us as high as 0.9605 area (give or take 20 pips) After that, we head down to complete the much larger 5th wave of the impulse that started at 1.0580 A/U Daily {image}...
Hi PT,

Hope you are well my friend. Think you are off by 2 pips.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #66,646
  • Sep 27, 2013 9:12pm Sep 27, 2013 9:12pm
These are the levels I'm looking at.
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FF journal: Peaks and Troffs
  • #66,647
  • Sep 28, 2013 2:29am Sep 28, 2013 2:29am
Quoting Mr. Scott
{quote} Hi PT, Hope you are well my friend. Think you are off by 2 pips. {image}
Difference in price feeds
Those who say it cannot be done should not interrupt those who are doing it
  • #66,648
  • Sep 28, 2013 4:36am Sep 28, 2013 4:36am
Quoting Ssm
{quote} Thanks. How do you identify pt 5 of the EW?
Wave 5 is normally shorter than Wave 3, but there can be an extended wave 5 , but not very often.

Wave 5 can end at one side of a channel,

Wait for further conformation of a retrace to signify the end of wave 5, right now you would not know by looking at this chart, but if you dig deeper into the smaller TF charts, you can see the unwinding process reverse there.

My slower stochastics have gone from top to bottom and you can count the turns in the stochastics to help with your count.

Learn EWP and use it to learn more............
The More You Learn, The More You Earn.....
  • #66,649
  • Sep 28, 2013 4:39am Sep 28, 2013 4:39am
Quoting PipTrapper
{quote} Well according to my EW count, we had a wave 3 up to 0.9527 and now this down move is an abc wave 4. Therefore up should give us at minimum a truncated wave 5. Now truncated wave 5 can be anywhere from 78.6% to 100% of wave 4. A normal wave 5 is normally 61.8% extension of wave 3. So, in the case of a truncated wave 5, minimum up should be 0.9480 area Normal wave 5 should take us as high as 0.9605 area (give or take 20 pips) After that, we head down to complete the much larger 5th wave of the impulse that started at 1.0580 A/U Daily {image}...
Looks Good to me............!
The More You Learn, The More You Earn.....
  • #66,650
  • Sep 28, 2013 4:46am Sep 28, 2013 4:46am
Quoting fxtyrant
{quote} look at my trade list, you can see how wide my tp and sl are.... its currency pair dependent.... and also the entry dependent. but good god this month has been an excruciatingly low movement month.... fomc was the focus and after that market just died off.... i wish next month we have a better flow cuz this month im not making as much as i hoped for... last month i ws 33% gain thsi month ~15% :/
Yes, very Flat Profits, to none, I agree..............
The More You Learn, The More You Earn.....
  • #66,651
  • Sep 28, 2013 1:20pm Sep 28, 2013 1:20pm
aud/usd daily
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #66,652
  • Edited 7:41pm Sep 28, 2013 3:46pm | Edited 7:41pm
Quoting pips29
aud/usd daily{image}
What are we looking at here Mr. Pips29 ? PA below the large Candle ?
The More You Learn, The More You Earn.....
  • #66,653
  • Sep 28, 2013 6:06pm Sep 28, 2013 6:06pm
Monday Morning opening will we see

  1. Big Gap Up.
  2. Big Gap Down.
  3. Small Gap Up.
  4. Small Gap Down.

???

  • #66,654
  • Sep 28, 2013 7:48pm Sep 28, 2013 7:48pm
Quoting ibram.forex
Monday Morning opening will we see Big Gap Up. Big Gap Down. Small Gap Up. Small Gap Down. ???
there is no gap in actual market, and if u don't understand this yet,please go to babypips.com, u are still amateur to trade.
I have applied for myfxbook signal providing list!!! wish me luck
  • #66,655
  • Sep 28, 2013 7:52pm Sep 28, 2013 7:52pm
Quoting DR Ali
{quote} there is no gap in actual market, and if u don't understand this yet,please go to babypips.com, u are still amateur to trade.
Thanks Ali!
  • #66,656
  • Sep 28, 2013 7:58pm Sep 28, 2013 7:58pm
Quoting ibram.forex
{quote} Thanks Ali!
I liked your honesty, and seems you are in right track
I have applied for myfxbook signal providing list!!! wish me luck
  • #66,657
  • Sep 29, 2013 3:04am Sep 29, 2013 3:04am
a view
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Wherever you go, there you are.
  • #66,658
  • Sep 29, 2013 11:20am Sep 29, 2013 11:20am
Quoting DR Ali
{quote} there is no gap in actual market, and if u don't understand this yet,please go to babypips.com, u are still amateur to trade.
That is not true. Of course there are gaps in the market. Sounds like you should head to babypips yourself mate.
I have no clue what I'm talking about.
  • #66,659
  • Sep 29, 2013 11:39am Sep 29, 2013 11:39am
Quoting Boy Wonder
{quote} That is not true. Of course there are gaps in the market. Sounds like you should head to babypips yourself mate.
Clearly someboy who thinks the market has no gaps never heard of arbitrations
Arbitrage happens all the time, those are gaps in the market
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,660
  • Sep 29, 2013 12:20pm Sep 29, 2013 12:20pm
Quoting Boy Wonder
{quote} That is not true. Of course there are gaps in the market. Sounds like you should head to babypips yourself mate.
It all depends if you are talking Retail Gaps because the Broker closed their doors on the weekend, or Real world currency continuation 24/7/365 a year........
The More You Learn, The More You Earn.....
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