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EURUSD

  • #1,066,701
  • May 10, 2016 10:11am May 10, 2016 10:11am
I am so happy I closed my short at 1.3625 and switched my mode from "greedy" to "curious".
Patience is a key to joy.
  • #1,066,702
  • May 10, 2016 10:14am May 10, 2016 10:14am
Trying short at 1.1392
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  • #1,066,703
  • May 10, 2016 10:18am May 10, 2016 10:18am
Quoting Raa
Trying short at 1.1392 {image}
Too soon, I think.
Patience is a key to joy.
  • #1,066,704
  • May 10, 2016 10:20am May 10, 2016 10:20am
Quoting Raa
{quote} EU bias atm is still down (just my opinion), but ye of course this side moves are a bit boring, but well, trader must deal with them. If one doesn't 'read' market 'correct', then these side moves can be pain in the .. Green pips to all.

If your bias is still down, you are either heavily influenced by the EURO bears, or aren't seeing the big picture.

Not a personal attack by any stretch, but check out the daily/weekly chart and try to appreciate where we are.

IF we hold current support, (the line I posted), there will be a lot of Bears that have their asses handed to them, wholesale!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,705
  • May 10, 2016 10:25am May 10, 2016 10:25am
Quoting Magix
{quote} If your bias is still down, you are either heavily influenced by the EURO bears, or aren't seeing the big picture. Not a personal attack by any stretch, but check out the daily/weekly chart and try to appreciate where we are. IF we hold current support, (the line I posted), there will be a lot of Bears that have their asses handed to them, wholesale! {image}

)) I know what you mean. I am just using completely different method, still I see it down atm.

No worries, I am open to criticism, I like to read other people way of thinking.

Wish you all the best.
  • #1,066,706
  • May 10, 2016 10:28am May 10, 2016 10:28am
I flipped a coin today and said if it landed on heads that I would buy.

The coin has heads on both sides. O.O
  • #1,066,707
  • May 10, 2016 11:14am May 10, 2016 11:14am
The EURUSD stays below the 1.1400 level, but that does not mean that it has confirmed the breakdown yet, therefore, the pair may try to go back up, but if it continues dropping, then the 1.1300 level may act as support. To the upside, the 1.1500 level may act as resistance.
  • #1,066,708
  • May 10, 2016 11:42am May 10, 2016 11:42am
Quoting Magix
{quote} If your bias is still down, you are either heavily influenced by the EURO bears, or aren't seeing the big picture. Not a personal attack by any stretch, but check out the daily/weekly chart and try to appreciate where we are. IF we hold current support, (the line I posted), there will be a lot of Bears that have their asses handed to them, wholesale! {image}

I see that. Yet to me it seems longs and shorts are equally in a position to get screwed over depending on if this area holds or not.
  • #1,066,709
  • May 10, 2016 12:01pm May 10, 2016 12:01pm
Quoting Trendzalore
{quote} I see that. Yet to me it seems longs and shorts are equally in a position to get screwed over depending on if this area holds or not.
Other possible scenario...

We flounder around in consolidation until AUDUSD has filled back the hidden gap and hit's into capitulation for an all out exodus on the Yank.

Could happen...personally...I think we see more out of Cable and EURO without the need for AUD to hit demand, but I can only chart the forecast...no idea about their clock.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,066,710
  • May 10, 2016 1:00pm May 10, 2016 1:00pm
Quoting Raa
Trying short at 1.1392 {image}
Tp added.
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  • #1,066,711
  • May 10, 2016 1:05pm May 10, 2016 1:05pm
Euro is about to trending up .. I HOPE
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  • #1,066,712
  • May 10, 2016 1:09pm May 10, 2016 1:09pm
pull back on H4, fibo 61.8 (tp 1.1499)
Together we can be strongest
Vantage Return This Month: na
  • #1,066,713
  • May 10, 2016 1:28pm May 10, 2016 1:28pm
There's my new wave trading video

Inserted Video
Trend is your the best friend. Ever
  • #1,066,714
  • May 10, 2016 2:13pm May 10, 2016 2:13pm
Why did you think so? There was nothing decisively bullish in your chart.

KP
Quoting vodanh
Euro is about to trending up .. I HOPE {image}
Do your homework, follow the footprints of smart money
  • #1,066,715
  • May 10, 2016 2:52pm May 10, 2016 2:52pm
Quoting Ignat B.
There's my new wave trading video https://www.youtube.com/watch?v=ukvFkJXJzpU
well the video looks nice, the accent also although i would have preferred a female voice.
so you have an EA to identify the waves and open trades?
When life gives you lemons, make lemonade
  • #1,066,716
  • May 10, 2016 2:52pm May 10, 2016 2:52pm
Quoting KeenPips
Why did you think so? There was nothing decisively bullish in your chart. KP {quote}
So far it is in consolidation. The daily chart it looks like the trend is still up. If it breaks 1.1350, it is down trend, if it goes further up, it is still an uptrend. Thursday we have news "unemployment claims". I probably won't trade EURUSD tomorrow until Thursday or Friday. I will trade some other pair. Will see after news on Thursday what is going to happen.
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  • #1,066,717
  • May 10, 2016 4:45pm May 10, 2016 4:45pm
Quoting micho
{quote} well the video looks nice, the accent also although i would have preferred a female voice. so you have an EA to identify the waves and open trades?
Thank you for your feedback I've been trading for 13 years, but just started to talking about it in English. For example, WaveTrading has been publishing in Russian since 2013. It could sound immodest, but it's the most popular everyday video about the Elliott Wave in Russian (up to 2500 - 3000 viewers per issue). The main idea is to show that it's possible to trade with waves. Here in Russian forums were a lot of doubts about it, so it was a reason for me to start make videos ))) May be it'll be also interesting for English audience, so I decided to try )))
All my wave counts are like "hand-made", I mean I don't use any indicators or EAs. There's only one thing that I use and it's a "Text" tool in MT4.
Trend is your the best friend. Ever
  • #1,066,718
  • May 10, 2016 4:54pm May 10, 2016 4:54pm
Quoting Ignat B.
{quote} Thank you for your feedback I've been trading for 13 years, but just started to talking about it in English. For example, WaveTrading has been publishing in Russian since 2013. It could sound immodest, but it's the most popular everyday video about the Elliott Wave in Russian (up to 2500 - 3000 viewers per issue). The main idea is to show that it's possible to trade with waves. Here in Russian forums were a lot of doubts about it, so it was a reason for me to start make videos ))) May be it'll be also interesting for English audience,...
the problem that i find in eliott wave is the different waves that each person can identify. how do you pick the most likely waves? to me its very confusing.
i saw the trades similarly to how the ea shows them. i thought you use one for trading. its mega hard to code an winning ea and not sure if its possible anymore. miracle happen once...
When life gives you lemons, make lemonade
  • #1,066,719
  • Edited 5:20pm May 10, 2016 5:03pm | Edited 5:20pm
Fuck the haters. Trading is ALL about being able to mentally withstand drawdown when your primary thesis remains valid.
And being able to take a loss when your primary thesis becomes invalid.

And we are going higher too. Just a little fakeout from BOJ. Yes I lost 200k on that but got it back and then some.

You have to be willing to buy when it seems everyone is selling and vise versa. Catching the bottom or top is easier than catching the middle of a trend. Like right now for instance. This is the middle of the trend, IMO, because USDJPY still has more room to to before it tops out.

200 lots to JPY111 - limit order was @106.69

I mean really trading isn't that difficult when you master the emotions.
We make a lower low, then we rally. So, buy the lower low. It's easy.

Just look at the weekly chart.

And I don't think most people realize, every pip has at LEAST 100mil of liquidity.

Half a boasting post, half a "hope you learned something" post.
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,066,720
  • May 10, 2016 5:05pm May 10, 2016 5:05pm
Quoting Rag2RichesFX
Trading is ALL about being able to mentally withstand drawdown when your primary thesis remains valid.
truth.
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