{quote} MM EDIT: Could be a great time to buy EU
- #8,343
- Sep 17, 2014 4:13pm Sep 17, 2014 4:13pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Apologies. Picture says 1000 words and all that. I did this very quickly so no detailed number crunching as gone into it. {image} Here, we see a clear downtrend with falling bottoms and no top. So if a swing top was to happen but fail (again), I'd like to see at least a test of that low at .93 For it to bounce back up (because fundamentally USD is strong) then I expect to see my other indicators show the same patterns, etc.
BEFORE
AFTER
A pip is only worth it if you know how much you risked to earn it
- #8,344
- Sep 17, 2014 4:18pm Sep 17, 2014 4:18pm
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} Just to update what happened with USDCHF. I don't trade it, just wanted to see the before/after shot. BEFORE {image} AFTER {image}
- #8,345
- Sep 17, 2014 4:27pm Sep 17, 2014 4:27pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
So the Weekly view of EU seems almost academic. The previous week's fine looking hammer/doji has been invalidated. Fib retracements shows the obvious levels.
My weak Elliot Wave count projects where I think a Wave 4 could retrace... this does lend some weight to FX-Jay's 1.31XX price target before final Wave 5 for deeper prices.
But as always, projects is one thing, planning is another... but in between we have to adapt to what the market tells us. And we still have Yellen to look forward to.
My weak Elliot Wave count projects where I think a Wave 4 could retrace... this does lend some weight to FX-Jay's 1.31XX price target before final Wave 5 for deeper prices.
But as always, projects is one thing, planning is another... but in between we have to adapt to what the market tells us. And we still have Yellen to look forward to.
A pip is only worth it if you know how much you risked to earn it
- #8,346
- Edited 5:01pm Sep 17, 2014 4:45pm | Edited 5:01pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #8,347
- Sep 17, 2014 5:06pm Sep 17, 2014 5:06pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} USD is thrashing every other currency out there at the moment. I just don't see the 'high probability' in any setup that seeks to sell the dollar right now.
A pip is only worth it if you know how much you risked to earn it
Hello people, I haven't been in this thread for awhile, and it has evolved! I see people successfully coming up with complete concepts, which enjoyable. Haven't spent as much time with TZ, but you guys are inspiring me to, I like a challenge. I'll start with MTF TZ sim/dis-sim. Guys like vlady1974, Neio, Baillie, FX-Jay and others get a big thumbs up for their input. MM
Good friends are more valuable than gold ...
- #8,350
- Sep 17, 2014 6:55pm Sep 17, 2014 6:55pm
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
{quote} Just to update what happened with USDCHF. I don't trade it, just wanted to see the before/after shot. BEFORE {image} AFTER {image}
- #8,353
- Edited 8:50pm Sep 17, 2014 8:35pm | Edited 8:50pm
{quote} I saved this question last as I think this is the reason why price should go lower on EU. The endpoint of a ZZ swing doesn't have to COBB as long as any of the adjacent bars do so. It's obviously better if it does because I can use that as a n entry trigger on a higher timeframe, eg 1H, if for example it closes on its low, then next minute of new hour, if other signals are in line , I go long. if it's not COBB but it's previous candles are, then to me it's a sign of weakness but you have to look for signs of strengthening too....perhaps...
welcome back madmoney I was a great fan of your earlier posts thanks for sharingRegards Orid peter
- #8,354
- Edited Sep 18, 2014 12:50am Sep 17, 2014 9:41pm | Edited Sep 18, 2014 12:50am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
Finally The brain racking price action is over.
- #8,355
- Sep 17, 2014 10:30pm Sep 17, 2014 10:30pm
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
- #8,357
- Sep 18, 2014 12:50am Sep 18, 2014 12:50am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
{quote} Looking for a retracement to the 1.2917/21 area to short. If we can get there today. Finding it difficult to switch my brain back to daytrading mode from scalping. Help
i should have been short from 1.2991 But i was carried away learning how to scalp
- #8,359
- Sep 18, 2014 1:58am Sep 18, 2014 1:58am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Dont know yet where this can retrace to. Not thinking straight
Just let it all go. Or this will haunt you. There are always more trades. 2750 is on the cards. I believe we're in it to 1.21, retrace or not. Rely on what you're good at. Return to that. Whatever new stuff you've learned needs space to truly become internalised....you can't force it.
You're already a good trader!
A pip is only worth it if you know how much you risked to earn it
- #8,360
- Sep 18, 2014 2:26am Sep 18, 2014 2:26am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
{quote} Hey Eph, good to see you back mate. Just let it all go. Or this will haunt you. There are always more trades. 2750 is on the cards. I believe we're in it to 1.21, retrace or not. Rely on what you're good at. Return to that. Whatever new stuff you've learned needs space to truly become internalised....you can't force it. You're already a good trader!
The past few days revealed to me how to spot the tricky price action days we have had for some days. it usually occurs when bears are trying to reverse the trend. meaning higher lows higher highs in a bear trend and vice versa
Thanks mate! Thanks for the advice. need to give it time. will continue with what im good at while i perfect new stuffs
im looking for optimal level to short. Are you in already? where are you looking to short from.