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  • #868,861
  • Jan 8, 2014 10:09am Jan 8, 2014 10:09am
Same story as yesterday,

US comes in, EU down, then they buy it up and then start to sell it again.
Look as it goes down again right now. EXACTLY the same game as yesterday. So plain and simple.
  • #868,862
  • Jan 8, 2014 10:16am Jan 8, 2014 10:16am
Quoting infinitus
{quote} was a nice try with the wave 4, but as you already mentioned it got invalidated in order to get good in EW one has to exercise. So why not count a bit on 1min chart. Often enough, when scalping, I try to micro count on 20sec charts. Elliott waves are fractal, so they should show up on any timeframe. But since Elliott waves are a visualization of social mood, the higher TF's show oftentimes a clearer picture. When you start with EW, try the daily TF, since the lower TF's will drive you nuts Important in EW: try to first build a long term...
Thanks will try it again in having in mind what you told me. And the next time I'll post in your thread
Don't be smart. Be rich.
  • #868,863
  • Jan 8, 2014 10:31am Jan 8, 2014 10:31am
Quoting attilafx
Same story as yesterday, US comes in, EU down, then they buy it up and then start to sell it again. Look as it goes down again right now. EXACTLY the same game as yesterday. So plain and simple.
Good idea to have a buy limit then at around 1.3569? - seems that's where it's bouncing at.
  • #868,864
  • Jan 8, 2014 10:32am Jan 8, 2014 10:32am
Quoting Griffo
{quote} Good idea to have a buy limit then at around 1.35690? - seems that's where it's bouncing at.
no trade is a good idea right now unless scalps.
  • #868,865
  • Jan 8, 2014 10:34am Jan 8, 2014 10:34am
Quoting attila
{quote} no trade is a good idea right now unless scalps.
Waiting for the news?
  • #868,866
  • Jan 8, 2014 10:34am Jan 8, 2014 10:34am
Quoting Griffo
{quote} Waiting for the news?
waiting for the AFTER the news.. technically still long biased but who knows.. there are 2 possibilities from here right now.. 300 pips up or 300 pips down..

edit: not in one shot but that's in the cards medium term.
  • #868,867
  • Jan 8, 2014 10:35am Jan 8, 2014 10:35am
Quoting attila
{quote} no trade is a good idea right now unless scalps.


agreed!
@pawpaw1000 on Twitter
  • #868,868
  • Jan 8, 2014 10:45am Jan 8, 2014 10:45am
Quoting forexings
{quote} Short risky before bullish lower trend line and bouncing root. Direction shall be clear after NFP. Why big sellers will take risk when lot of big news pending this week? ECB may ignore deflation risk.
thanks for sharing your thoughts. people in this forum suggested that my strategy to short at support is high risk. but i tried to find opportunities at resistance zone but found that mkts often than not goes even higher, so it's difficult to find a reasonable top and my trades usually get stopped out very often. now i trade short at support level which i expect to be broken by the third test, i know it's high risk but at least i have some idea to set my stop loss level.

in addition, regarding big news releases like nfp, is it the case that when it's released the move is already gone? not sure how the big pros trade news time if they trade at all.
use leverage with caution...
  • #868,869
  • Jan 8, 2014 10:50am Jan 8, 2014 10:50am
Quoting IveGotQuads
{quote} Your trade was a very high risk trade, granted so far you are breakeven at the moment. It could very easily have gone to the 1.3650 zone before going your way. You may be correct but your timing and risk is way too high. Maybe waiting till after the news today and perhaps getting in at a better price. I ellipsed where would have been your entry, notice that It happened right about 3:45 am , that is because a lot of ppl trade that reversal and its like clockwork. In any event hope I didnt bore you with all the writing. goodluck and happy...
hi, appreciated your comments. like i explained my strategy previously to "forexing", the reason that i short at support is i expect the support to be broken by the third test and it's easier to set stop at the previous high. i would like to short a resistance point, but mkts often go even higher, so my trades often get stopped out due to improper stop level or no trades at all. so i'm wondering from your experience, what would be a qualifying resistance point to go short? thanks again for your kind feedback. cheers.
use leverage with caution...
  • #868,870
  • Jan 8, 2014 11:02am Jan 8, 2014 11:02am
Quoting attilafx
can't ignore this. {image}
Well spotted. I feels to me like they are baiting the shorts ahead of a reversal tomorrow or Friday. Perhaps a bit more downside then a 100+ pip reversal, hmm.
I have no clue what I'm talking about.
  • #868,871
  • Jan 8, 2014 11:12am Jan 8, 2014 11:12am
Nicely forming double bottom for a rally to 1.38 heights or just another attempt to get a lot lower, and we'll just have to wait for another one?
  • #868,872
  • Jan 8, 2014 11:17am Jan 8, 2014 11:17am
Quoting attila
{quote} no trade is a good idea right now unless scalps.
  • #868,873
  • Jan 8, 2014 11:18am Jan 8, 2014 11:18am
Price should try 1.3552 but who knows...
  • #868,874
  • Edited 11:31am Jan 8, 2014 11:20am | Edited 11:31am
just got back from my happy meal treat. I saw a big drop, did you cash in yet?
  • #868,875
  • Jan 8, 2014 11:21am Jan 8, 2014 11:21am
Quoting irongoose
{quote} I have a short on the Aud/Usd today and its looking pretty good at the moment, I was a little behind there for a while but it looks like they were stop loss grabbing so I'm not going to panic like I did yesterday and close out. I think I'm going to let this one run for good or bad.

I saw a big drop, did you cash in yet?
  • #868,876
  • Jan 8, 2014 11:25am Jan 8, 2014 11:25am
Staying out for the rest of the day. Seems to me bears will be finaly able to go down 1.353/2 today.
  • #868,877
  • Jan 8, 2014 11:26am Jan 8, 2014 11:26am
Quoting makati
{quote} you may want to book some profit as it might retest the low (or at least take out your SL) before it goes up to 3617-21
hey naidra, were you able to book some pips like atilla and the others before the drop?
  • #868,878
  • Jan 8, 2014 11:27am Jan 8, 2014 11:27am
Quoting ud1nh0
{quote} coz u buy with 3572 stop

Quoting Mr Hatch
{quote} GL, that a nice stop. {image}
How did it work out, ud1nh0?
  • #868,879
  • Jan 8, 2014 11:28am Jan 8, 2014 11:28am
ahahah bulls
  • #868,880
  • Jan 8, 2014 11:30am Jan 8, 2014 11:30am
1,345 next target short confirmed
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