Losers Hope, Winners Believe
- #1,065,062
- Edited 8:27am Apr 24, 2016 7:56am | Edited 8:27am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Here is my view for the coming moves in the EURUSD only based on HEW:
Last Friday I was looking for a 5-wave move down for finding the wave -a- (in the last abc). It seems that this was wrong! In the 5 min it must be a new abc (for that the move to the low of wave -b- of wave -v-, we must look for be double zigzag).
Well in that case I foresee the following moves:
the final low must lie between the 1.1156 and 1,1177 (the last moves in the wave 5 is indicating the 1,1156- 1,1165 . That will finish the wave -b- of -v-).
If we can break the 1,1143 please throw this post in the trash
.
Wave -v- then can be around 1,1468 - 1,1488 (this is also finishing the major wave iii)
Then we must look for wave iv somewhere between 1,1209 - 1,1222
After that....wave v can establish...and we have to see if this can break the last major high (red wave -b-) a little before coming down looking for a real low of the lows....
Last Friday I was looking for a 5-wave move down for finding the wave -a- (in the last abc). It seems that this was wrong! In the 5 min it must be a new abc (for that the move to the low of wave -b- of wave -v-, we must look for be double zigzag).
Well in that case I foresee the following moves:
the final low must lie between the 1.1156 and 1,1177 (the last moves in the wave 5 is indicating the 1,1156- 1,1165 . That will finish the wave -b- of -v-).
If we can break the 1,1143 please throw this post in the trash
.Wave -v- then can be around 1,1468 - 1,1488 (this is also finishing the major wave iii)
Then we must look for wave iv somewhere between 1,1209 - 1,1222
After that....wave v can establish...and we have to see if this can break the last major high (red wave -b-) a little before coming down looking for a real low of the lows....
You can manage risk, but you can't manage the return
- #1,065,063
- Apr 24, 2016 8:10am Apr 24, 2016 8:10am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} 1.12337 Last Week's Low. You can plainly see on my setups I care for the previous period (daily&weekly) High/Low range limits ...as they became a visible and reasonable working hurdles. But mostly the Pivot Point Levels rules, baby!
You can manage risk, but you can't manage the return
- #1,065,065
- Apr 24, 2016 10:11am Apr 24, 2016 10:11am
{quote} PA said not to cash out. This is why I don't use TP but I manually close. Monster trades incoming. I was telling my good buddies "staying short at 151 GJ is like staying long at 195" They laughed because they chase trades. And because they have no idea that I've made over a million in 2016. Yes the trend is your friend but the end of the trend is violent, so be prepared. My only regret is not trading 100 lots. That's how obvious this was. {image}
Over million? :O wow awesome
- #1,065,066
- Apr 24, 2016 12:42pm Apr 24, 2016 12:42pm
- | Membership Revoked | Joined Sep 2009 | 765 Posts
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
- #1,065,067
- Apr 24, 2016 1:48pm Apr 24, 2016 1:48pm
- Joined Jan 2016 | Status: Trader | 1,309 Posts
Drawdown is more important than Account Size !
- #1,065,068
- Apr 24, 2016 2:01pm Apr 24, 2016 2:01pm
- | Membership Revoked | Joined Sep 2009 | 765 Posts
GBPJPY just posting a new high right before market close, crazy... got out 100 pips ago with +283 pips profit, should have hold
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
- #1,065,071
- Apr 24, 2016 2:55pm Apr 24, 2016 2:55pm
- Joined Jan 2016 | Status: Trader | 1,309 Posts
Hey Guys, I am new on this site and was wondering if posting stuff like big option expiries, market talk about large bids etc. etc. is something that would be appreciated here or not? Cheers
Not sure if you are a experienced trader or not, if you are... we are all looking forward to learn from you and if you are a new trader then I hope you learn a lot from here. You will find lots of cool people here
Drawdown is more important than Account Size !
- #1,065,072
- Edited 4:32pm Apr 24, 2016 3:00pm | Edited 4:32pm
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Here is my view for the coming moves in the EURUSD only based on HEW: Last Friday I was looking for a 5-wave move down for finding the wave -a- (in the last abc). It seems that this was wrong! In the 5 min it must be a new abc (for that the move to the low of wave -b- of wave -v-, we must look for be double zigzag). Well in that case I foresee the following moves: the final low must lie between the 1.1156 and 1,1177 (the last moves in the wave 5 is indicating the 1,1156- 1,1165 . That will finish the wave -b- of -v-). If we can break the 1,1143...
Another thing is that I'm not convinced that the light blue wave is ended yet... (it now looks a 5-wave....and a b-wave normally is a 5-3-5 wave....) so also this is speaking for a run to the daily Pivot before coming back...
And besides that....this count is speaking for a higher wave -v- with 30 pips.... that is also fitting better in terms of the bigger structure I think....anyway also here a deep wave -v- is possible around max 1,1172
values are all measured by the HEW spreadsheet and looks valid estimates ...for now....
mmmhhhh well look at the red counts. I think it's a better fit in the complete structure....
Anyway the market is deciding if I'm right or not....
You can manage risk, but you can't manage the return
- #1,065,073
- Apr 24, 2016 3:04pm Apr 24, 2016 3:04pm
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} Hi, I just looked to the new Daily Pivots.... and with that I saw an other possibility what is less bearish for tomorrow. Looking to the Pivots I think it is more likely!! Another thing is that I'm not convinced that the light blue wave is ended yet.... so also this is speaking for a run to the daily before coming back... And besides that....this count is speaking for a higher wave -v- with 30 pips.... that is also fitting better in terms of the bigger structure I think....anyway also here a deep wave -v- is possible around max 1,1172 mmmhhhh...
- #1,065,074
- Apr 24, 2016 3:21pm Apr 24, 2016 3:21pm
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} I doubt doing wave count on M5 timeframe is going to get you very far... try it on higher timeframes and perhaps youll be able to incorporate it into smaller ones, just some advice
I find the smaller time frames very helpfull...sometimes...The whole HEW is fractal.... anyway you are right that the smaller timeframes are sometimes fussy and can make things (very) unclear..... in this case I think it is making the coming move more sure.... anyway ofcourse I can be wrong with my current view!!
You can manage risk, but you can't manage the return
- #1,065,075
- Apr 24, 2016 3:56pm Apr 24, 2016 3:56pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #1,065,076
- Apr 24, 2016 4:00pm Apr 24, 2016 4:00pm
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} Watch out. GBPJPY was sold heavily on Friday.
- #1,065,077
- Apr 24, 2016 4:00pm Apr 24, 2016 4:00pm
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
this guy is amazing
- #1,065,078
- Apr 24, 2016 4:03pm Apr 24, 2016 4:03pm
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
Inserted Video
- #1,065,080
- Apr 24, 2016 6:33pm Apr 24, 2016 6:33pm
- | Commercial User | Joined Jul 2010 | 930 Posts
this guy is amazing
http://www.forexfactory.com/rahulkgh...e_primary.line