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  • #920,921
  • Sep 1, 2014 9:31pm Sep 1, 2014 9:31pm
Quoting sanvulture
{quote} haha, nothing like that sort. i'm new and only learning.. the guy who got me into fx trading, taught me the basics and told me that EU is the most traded and volatile pair, good for me thru the learning phase.. gotta learn one thing at a time, else it will get messy in my mind and in trading too.. he also suggested to try other pairs at my leisure, but with caution.. i tried trading other pairs, without knowing their nature, and got what i deserved..
Probably the worlds best currency trader.
  • #920,922
  • Sep 1, 2014 9:34pm Sep 1, 2014 9:34pm
Quoting skyhok
{quote} Thank you for your charts and you could be right. I have to update EURUSD count which seems clearer as the pattern is near completion. Since it overshoot 100% of (1), I'm just watching this larger wave (3) TP towards 161% of (1). Here's the updated alternate count as follows: {image} An interesting technique that I'm experimenting with, ref.: http://newelliottwaverule.org/dl/New...ssy%202009.pdf
We may have seen the end of wave three.
What do you think?

G
I read and watch to learn.
  • #920,923
  • Sep 1, 2014 9:35pm Sep 1, 2014 9:35pm
Quoting sanvulture
{quote} haha, nothing like that sort. i'm new and only learning.. the guy who got me into fx trading, taught me the basics and told me that EU is the most traded and volatile pair, good for me thru the learning phase.. gotta learn one thing at a time, else it will get messy in my mind and in trading too.. he also suggested to try other pairs at my leisure, but with caution.. i tried trading other pairs, without knowing their nature, and got what i deserved..
You about to get screwed like the rest of retail who were buying EURUSD since 1.34 I was there one day. EURUSD is most traded, maybe with retail traders because they all too stupid. You are from india! Why you messing with you EUR? Its like you want to make your life hard on yourself!!
All posts are my personal opinion
  • #920,924
  • Sep 1, 2014 9:49pm Sep 1, 2014 9:49pm
Quoting Rtm
{quote} You about to get screwed like the rest of retail who were buying EURUSD since 1.34 I was there one day. EURUSD is most traded, maybe with retail traders because they all too stupid. You are from india! Why you messing with you EUR? Its like you want to make your life hard on yourself!!
i dont know.. everything is hard in life until we get a hang, over it.. i'm from india, but whats that got to do with this? if not EU, what pair do u suggest i should trade for the learning phase? every pair is tough and unpredictable in its own way.. but i started with EU, so i'm sticking to it..
btw, i didnt buy.. i'm more like an unskilled scalper.. 50 pips a day would make my life easier, financially..
Dont trade like me..
  • #920,925
  • Sep 1, 2014 9:53pm Sep 1, 2014 9:53pm
Quoting sanvulture
{quote} i dont know.. everything is hard in life until we get a hang, over it.. i'm from india, but whats that got to do with this? if not EU, what pair do u suggest i should trade for the learning phase? every pair is tough and unpredictable in its own way.. but i started with EU, so i'm sticking to it.. btw, i didnt buy.. i'm more like an unskilled scalper.. 50 pips a day would make my life easier, financially..
buddyyy... you in for a rough road
All posts are my personal opinion
  • #920,926
  • Sep 1, 2014 9:54pm Sep 1, 2014 9:54pm
Quoting sanvulture
{quote} i dont know.. everything is hard in life until we get a hang, over it.. i'm from india, but whats that got to do with this? if not EU, what pair do u suggest i should trade for the learning phase? every pair is tough and unpredictable in its own way.. but i started with EU, so i'm sticking to it.. btw, i didnt buy.. i'm more like an unskilled scalper.. 50 pips a day would make my life easier, financially..
50 pips everyday is too much. Expect 10-20 pips per day and get out for the day!
When Scalpers win, I lose and Vice varsa...
  • #920,927
  • Sep 1, 2014 9:57pm Sep 1, 2014 9:57pm
a LL made. so if she manages to break 3139, its less bearish. atm bears may regroup at 3130/32 up to recent high before lower. a hh will probably change this to 3171 or more (few times has this gone too far since 3992). st today 3130/32 may be important for 3088 or 3173
those who can, do. those who cant, talk about those who can
  • #920,928
  • Sep 1, 2014 9:58pm Sep 1, 2014 9:58pm
Quoting Goldflake
{quote} 50 pips everyday is too much. Expect 10-20 pips per day and get out for the day!
Lots of BLA BLA BLA and zero usefull information...

  • #920,929
  • Sep 1, 2014 9:59pm Sep 1, 2014 9:59pm
are we going to see a break under 1.3100 this week??
  • #920,930
  • Sep 1, 2014 10:01pm Sep 1, 2014 10:01pm
Quoting sherifFares
are we going to see a break under 1.3100 this week??
I believe that is Possible...
  • #920,931
  • Sep 1, 2014 10:03pm Sep 1, 2014 10:03pm
Quoting Thebullone
{quote} Lots of BLA BLA BLA and zero usefull information...
a newbie like you never accept what i said...anyway it's upto you...good luck..
When Scalpers win, I lose and Vice varsa...
  • #920,932
  • Sep 1, 2014 10:07pm Sep 1, 2014 10:07pm
Quoting Rtm
{quote} buddyyy... you in for a rough road
thx for ur concern.. i'll try hard..

Quote
50 pips everyday is too much. Expect 10-20 pips per day and get out for the day!
maybe.. 50 pips is my wish and at least 30 pips is my aim.. thx u..

Quote
Lots of BLA BLA BLA and zero usefull information...
i'm sorry for that..
Dont trade like me..
  • #920,933
  • Sep 1, 2014 10:23pm Sep 1, 2014 10:23pm
atm area for scalping.. dont worry about your buy or sell as long as we in this price range.. 1.31165 - 1.31367

but if touched the high i will go for sell op..

good luck n may pips be with you
the true currencies here is patience and react precisely
  • #920,934
  • Edited 11:31pm Sep 1, 2014 10:54pm | Edited 11:31pm
Quoting Greenspanke
{quote} We may have seen the end of wave three. What do you think? G
You may be right.
While I'm keeping an eye on the momentum of dollar index. Is it still going up or reversing?

EUR has been and is finding inverse correlation with dollar index:

The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies.

It is a weighted geometric mean of the dollar's value compared only with a "basket" of 6 other major currencies which are:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
USDX goes up when the US dollar gains "strength" (value) when compared to other currencies.

Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARH4 02.png Size: 62 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #920,935
  • Sep 1, 2014 11:15pm Sep 1, 2014 11:15pm
Quoting hathor
{quote} the validate of the analysis is based on levels, so I don't care if it doesn't happen today...by the way I have seen some rough days, which was under some bank holiday...the devil never sleeps. {image}
Time to build longs and support bulls
  • #920,936
  • Sep 1, 2014 11:18pm Sep 1, 2014 11:18pm
L on th 3114 Lm touch stops tight
those who can, do. those who cant, talk about those who can
  • #920,937
  • Sep 1, 2014 11:18pm Sep 1, 2014 11:18pm
Quoting Magicmen
{quote} Time to build longs and support bulls
hi mr magic,

whats ur target for he bulls
  • #920,938
  • Sep 1, 2014 11:21pm Sep 1, 2014 11:21pm
Quoting tehO
{quote} hi mr magic, whats ur target for he bulls
My 1st stop is 31741.

By the way, I am building long positions. I will topup as bulls grow and dip
  • #920,939
  • Edited 11:44pm Sep 1, 2014 11:23pm | Edited 11:44pm
Just wake up here, new low but not yet for me. Instead entered short on gj, good rr there. Enter @ 173.82 aim for 172.52.
Add: Look, ej entering supply, gold enter demand. Might miss eu, I am building sort on gj and planned to build long gold. Much more pair to trade than eu. Don't wait for eu to break 1.31 if there is more pair to trade atm.
  • #920,940
  • Sep 1, 2014 11:41pm Sep 1, 2014 11:41pm
Quoting Passerby
Just wake up here, new low but not yet for me. Instead entered short on gj, good rr there. Enter @ 173.82 aim for 172.52.
yes rr is good had a try yesterday, got burned, so just had another go but with uj, 104 84 sl 95 gj need gbp to take a hit to get her started maybe with construct pmi later tonight 104 88
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