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  • #1,014,001
  • Jul 28, 2015 9:34am Jul 28, 2015 9:34am
Quoting navk
{quote} I closed my chart now. Watching Youtube. I know it had bounced off, so why to watch chart ?
Move your stop loss first!
  • #1,014,002
  • Jul 28, 2015 9:35am Jul 28, 2015 9:35am
Quoting scottszone
{quote} Move your stop loss first!
yes, I did that already.
Intraday only.
  • #1,014,003
  • Jul 28, 2015 9:37am Jul 28, 2015 9:37am
  • #1,014,004
  • Jul 28, 2015 9:38am Jul 28, 2015 9:38am
Quoting Greenspanke
{quote} The count is INVALID if it breaks above ( wave 2 (1.12149 red line)).

Hi Greenspanke! Is that elliottwave count on your chart? I am confused with the wave count for wave (1).
  • #1,014,005
  • Edited 9:49am Jul 28, 2015 9:38am | Edited 9:49am
Quoting navk
{quote} Hope it goes in my way more and more.
if it drops after a 1074. its one of the most common moves for continuation, of course it would have to break 1021... this time of month, it wouldn't be a problem for 1135/40 or below 0964,,, 094x ish.. either way 0914 is no different than 1074.. both are common moves equally on their particular tf..1122/44 was the same as they..just normal.
what bears have possibly in their favor this time if we go to 0914 is.. it did norm 1122/44 and 0914 is below 0964..
the time for bears to enter yesterday has passed. a possible new shot is 1074.. but its still not a guaranteed sure s trade. but going to 1122/44 was a bearish norm move.. i didnt expect 0964 to allow last week.. but it was posted and this reason given. i cant say short before 1074, i personally try not to short lows, via trading a b/o w/o a bounce
those who can, do. those who cant, talk about those who can
  • #1,014,006
  • Jul 28, 2015 9:38am Jul 28, 2015 9:38am
Quoting scottszone
Look at the symmetry of the EU chart from the past 4 hours. That is not random buying and selling. 4hrs ago the euro dropped by almost the exact amount it popped back up at just now. Just coincidence? Fibs, stochastic, moving averages? We think we know why it popped up. Bad news. But why did it drop in the same range 4 hrs ago? The stocks are inching up, the dollar inching down. Can you guess why?
there is a symmetry too. this a result of 40000 coin tosses.
the herd is just being fooled with delusional patterns.
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As Above, So Below
  • #1,014,007
  • Jul 28, 2015 9:41am Jul 28, 2015 9:41am
Still fine and going down. Some waves forming but overall still going down (just about right based on fib)
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  • #1,014,008
  • Jul 28, 2015 9:44am Jul 28, 2015 9:44am
Quoting tashkent
{quote} there is a symmetry too. this a result of 40000 coin tosses. the herd is just being fooled with delusional patterns. {image}
there is inverted H&S at the spot
  • #1,014,009
  • Jul 28, 2015 9:46am Jul 28, 2015 9:46am
Quoting gatorinla
{quote} if it drops after a 1074. its one of the most common moves for continuation, of course it would have to break 1021... this time of month, it wouldn't be a problem for 1135/40 or below 0964,,, 094x ish.. either way 0914 is no different than 1074.. both are common moves equally on their particular tf..1122/44 was the same as they..just normal. what bears have possibly in their favor this time if we go to 0914 is.. it did norm 1122/44 and 0914 is below 0964..
I am aiming for 2: 1 or 3: 1.

Having said that I adjusted my SL.
Intraday only.
  • #1,014,010
  • Jul 28, 2015 9:47am Jul 28, 2015 9:47am
Quoting 21vs7
{quote} there is inverted H&S at the spot
everything is there, h&s, inverted h&s, trendlines, support/resistance, breakouts etc.
As Above, So Below
  • #1,014,011
  • Jul 28, 2015 9:48am Jul 28, 2015 9:48am
Looks like the floating will evaporate ........
  • #1,014,012
  • Edited 10:02am Jul 28, 2015 9:51am | Edited 10:02am
Quoting navk
{quote} I am aiming for 2: 1 or 3: 1. Having said that I adjusted my SL.
More like 300:1, the moves posted are smaller moves in a much larger move that may kick off tomorrow.

I lied, added one 1053, 1/4 the size of the others. Same as the retest I talked about yesterday. Just normal pa....easy and common scalp....even while others were commenting the 50% touch in favor of bulls......you'll see it if you put your cursor to the hourly at that spot.

Most times a resistance is broken, it'll come back to retest the break....often it's better to trade the retest than the original break. The same is true when tops are found, if you trade the wicks...usually a retest of the open/close is coming (that was the call yesterday that gained 19 then stopped out)
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  • #1,014,013
  • Jul 28, 2015 9:51am Jul 28, 2015 9:51am
Quoting tashkent
{quote} there is a symmetry too. this a result of 40000 coin tosses. the herd is just being fooled with delusional patterns. {image}
Ha! But is a coin toss ever random? Some say no, humans have a built in bias that manipulates the results over time:

https://www.techdirt.com/articles/20...32007292.shtml

Prior knowledge and the ability to move the market is always one possibility for the symmetry. And yes, that can be done by manipulating the herd (retail traders).

Considering this possibility may increase our profits, or not.
  • #1,014,014
  • Jul 28, 2015 9:54am Jul 28, 2015 9:54am
[quote=Greenspanke;8405114]
Quoting pedro319
{quote} Thanks for the heads up. I did check and my AUDUSD count agree with your chart.... AUDJPY different story. I'm out of AUD trades for now. As for EURUSD I think it will have one more swing up I will definitely be shorting heavy when it turns. The count is INVALID if it breaks above ( wave 2 (1.12149 red line)). I will start shorting if a top forms beneath wave 2. Let me know what you think. G {image}
I forgot to add the other count where some suggests wave (2) is finished. You can add the fib where I (blue is counted. Note the end result is still much lower EURO
on both counts. In this scenario I would be looking for an abc move to wave ii(blue in the area of .618 fibs). This count invalidates above the established wave (2) blue @ 1.11283. Also note that wave I (blue) is not counted as finished yet so best to look for that abc wave ii move before shorting.

(not a recommendation just my own trading plan)

G
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I read and watch to learn.
  • #1,014,015
  • Jul 28, 2015 9:58am Jul 28, 2015 9:58am
Stop making money...you make so much on FF, HF/CB are jaleous of you
COT: The precious data ignored
  • #1,014,016
  • Jul 28, 2015 9:59am Jul 28, 2015 9:59am
Quoting navk
{quote} I am aiming for 2: 1 or 3: 1. Having said that I adjusted my SL.
i had my float up to 12 pips = 1% before my s/o last week of 0964 trade. up to 15 atm.. later on if it goes below 0964.. it will probably be less than 12 =1..on a 0964 bounce rejected from below..
those who can, do. those who cant, talk about those who can
  • #1,014,017
  • Jul 28, 2015 10:00am Jul 28, 2015 10:00am
Quoting scottszone
{quote} Ha! But is a coin toss ever random? Some say no, humans have a built in bias that manipulates the results over time: https://www.techdirt.com/articles/20...32007292.shtml Prior knowledge and the ability to move the market is always one possibility for the symmetry. And yes, that can be done by manipulating the herd (retail traders). Considering this possibility may increase our profits, or not.
this can be discussed forever but i seriously doubt someone manipulated the 40k coin toss outcomes
anyway, good luck
As Above, So Below
  • #1,014,018
  • Jul 28, 2015 10:03am Jul 28, 2015 10:03am
Well got in short off the weekly resistance, lets see how this goes, today is a slow slow day before FOMC.
  • #1,014,019
  • Jul 28, 2015 10:04am Jul 28, 2015 10:04am
probably time has come to take the profit
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As Above, So Below
  • #1,014,020
  • Jul 28, 2015 10:04am Jul 28, 2015 10:04am
Quoting scottszone
The stocks are inching up, the dollar inching down. Can you guess why?
There's no need to guess the obvious
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