short eurusd 3486 sl is 3500 target 3360
So am I but without any SL.
- #11,801
- Nov 15, 2013 8:15am Nov 15, 2013 8:15am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
So am I but without any SL.
- #11,802
- Edited 9:18am Nov 15, 2013 8:17am | Edited 9:18am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote}
Also no SL
Target is open.
Those who say it cannot be done should not interrupt those who are doing it
- #11,803
- Nov 15, 2013 8:18am Nov 15, 2013 8:18am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
{quote}
this one removed sl (eurusd) . small lots
looking for investors . pm me
- #11,805
- Nov 15, 2013 8:45am Nov 15, 2013 8:45am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} new bulish fan {image}
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #11,807
- Nov 15, 2013 9:05am Nov 15, 2013 9:05am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
- #11,808
- Nov 15, 2013 9:42am Nov 15, 2013 9:42am
- Joined Nov 2012 | Status: Trader | 12,211 Posts
Ok took second GA short for 10 pips, take that Hotforex, i have taken what is mine
Ok everyone have great weekend, looking forward for next week.
Ok everyone have great weekend, looking forward for next week.
- #11,809
- Nov 15, 2013 9:56am Nov 15, 2013 9:56am
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Don't have an ego. Always question yourself and your ability.
- #11,810
- Nov 15, 2013 10:31am Nov 15, 2013 10:31am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
triple zig zag correction, the alternate would be a bullish leading diagonal {image}
ending diagonal formula 3-3-3-3-3
triple zigzag W-X-Y-XX-Z
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #11,811
- Nov 15, 2013 10:41am Nov 15, 2013 10:41am
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Don't have an ego. Always question yourself and your ability.
- #11,813
- Nov 15, 2013 10:56am Nov 15, 2013 10:56am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} Thanks for the lesson, care to explain why you gave it to me? Triple zig-zag is the cleanest imo... what are you favouring?
This can really be a leading diagonal, but did not reach some waves. At least a peak.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #11,814
- Nov 15, 2013 11:11am Nov 15, 2013 11:11am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} leading diagonal formula 5-3-5-3-5 {image} ending diagonal formula 3-3-3-3-3 {image} triple zigzag W-X-Y-XX-Z {image}
Hi Godim, hi Ramses
per the rules and guidelines of EWP, a leading diagonal can come as both: 3-3-3-3-3 or 5-3-5-3-5
But keep in mind: leading diagonals are very rare. That was not only the observation of Elliott, Prechter and Frost, it was also reflected in the work of Swannel
So to have counted a leading diagonal is always aginst the odds (but may proof to be right in the aftermath).
- #11,817
- Nov 15, 2013 11:21am Nov 15, 2013 11:21am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} Hi Godim, hi Ramses per the rules and guidelines of EWP, a leading diagonal can come as both: 3-3-3-3-3 or 5-3-5-3-5 But keep in mind: leading diagonals are very rare. That was not only the observation of Elliott, Prechter and Frost, it was also reflected in the work of Swannel So to have counted a leading diagonal is always aginst the odds (but may proof to be right in the aftermath).
Yes. I started this discussion unprepared and outside the area of my knowledge, sorry.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #11,818
- Nov 15, 2013 11:59am Nov 15, 2013 11:59am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} Hi Godim, hi Ramses per the rules and guidelines of EWP, a leading diagonal can come as both: 3-3-3-3-3 or 5-3-5-3-5 But keep in mind: leading diagonals are very rare. That was not only the observation of Elliott, Prechter and Frost, it was also reflected in the work of Swannel So to have counted a leading diagonal is always aginst the odds (but may proof to be right in the aftermath).
Leading Diagonal
When diagonal triangles occur in the wave 5 or C position, they take the 3-3-3-3-3 shape that Elliott described. However, it has recently come to light that a variation on this pattern occasionally appears in the wave 1 position of impulses and in the wave A position of zigzags. The characteristic overlapping of waves 1 and 4 and the convergence of boundary lines into a wedge shape remain as in the ending diagonal triangle. However, the subdivisions are different, tracing out a 5-3-5-3-5 pattern. The structure of this formation (see Figure 1-20) fits the spirit of the Wave Principle in that the five- wave subdivisions in the direction of the larger trend communicate a "continuation" message as opposed to the "termination" implication of the three-wave subdivisions in the ending diagonal. Analysts must be aware of this pattern to avoid mistaking it for a far more common development, a series of first and second waves. The main key to recognizing this pattern is the decided slowing of price change in the fifth subwave relative to the third. By contrast, in developing first and second waves, short term speed typically increases, and breadth (i.e., the number of stocks or subindexes participating) often expands.
Figure 1-21 shows a real life example of a leading diagonal triangle. This pattern was not originally discovered by R.N. Elliott but has appeared enough times and over a long enough period that we are convinced of its validity.
EWP, Frost and Prechter
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