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  • #1,066,721
  • May 10, 2016 5:13pm May 10, 2016 5:13pm
Quoting micho
{quote} 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...
It's not a problem If you read "Trading in the zone" book, you can understand that the most important traders skill is thinking probabilistically.
Trend is your the best friend. Ever
  • #1,066,722
  • May 10, 2016 5:19pm May 10, 2016 5:19pm
Quoting Ignat B.
{quote} It's not a problem If you read "Trading in the zone" book, you can understand that the most important traders skill is thinking probabilistically.
thanks i will read that

where do you usually put your stop loss?
When life gives you lemons, make lemonade
  • #1,066,723
  • May 10, 2016 5:22pm May 10, 2016 5:22pm
Quoting micho
{quote}where do you usually put your stop loss?
It's a huge topic ))) May be I'll make a special video about it ))
Trend is your the best friend. Ever
  • #1,066,724
  • May 10, 2016 5:24pm May 10, 2016 5:24pm
This is why it's so hard for haters to believe.

Despite the fact that I call everything well in advance.

And am only wrong 20% of the time.


"The trend is your friend, UNTIL the end, when it bends."
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #1,066,725
  • May 10, 2016 5:27pm May 10, 2016 5:27pm
Quoting Ignat B.
{quote} It's a huge topic ))) May be I'll make a special video about it ))
ok
When life gives you lemons, make lemonade
  • #1,066,726
  • May 10, 2016 5:27pm May 10, 2016 5:27pm
Quoting KeenPips
Why did you think so? There was nothing decisively bullish in your chart. KP {quote}
I am HOPING it will trend upward.. My chart shown EU spiked above the moving averages but it is now trading below the MA. My current guess is I had a false HOPE. In addition the MACD and Stochastic showing it wants to move up. Again It was only my wishful thinking because I bough EURO against USD and AUD.


VD
  • #1,066,727
  • May 10, 2016 5:33pm May 10, 2016 5:33pm
Quoting Rag2RichesFX
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...
Congratulations for the trade! All of the words you said are true!

Just a question, wich broker do you use?
In economics, the majority is always wrong.
  • #1,066,728
  • May 10, 2016 5:51pm May 10, 2016 5:51pm
Quoting Rag2RichesFX
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...
​Now you're big time! I hope one day to reach your level. Will Follow your posts. You inspired me a whole lot with this!
trading on demo is not trading
  • #1,066,729
  • May 10, 2016 6:05pm May 10, 2016 6:05pm
Quoting micho
{quote} 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...
Hi Micho,

you said: "the problem that i find in eliott wave is the different waves that each person can identify." I'm totally agree with that! That's why I use HEW (Harmonic Elliott Wave) If you use the rules correct....and especially the ratios (the spreadsheet thing) then there is just one solution... yes ofcourse there can be some differences but that is only because different traders judge the ratios different.... I would say if you want to learn EW...then try first the HEW...! The big difference is that in HEW every wave has 3-waves..... so you not have....1-2-3-4-5 and then abc but you have i (abc) - ii- (abc) - iii (abc) -iv (abc) and v (abc) and really never ever a failed fifth(!) wave for example. wave extensions are not existing (that's why there is much less room for interpretation and guessing by different traders) and maybe the most interesting thing is that if you can point the wave i and ii correct you really have an area where the market can turn often at an astonishing precision. The only problem is ....it cost you a tremendous learning path (at least with me) and needs discipline and time every day again.... If you have interest search for Ian Copsey...you will find it I guess.
You can manage risk, but you can't manage the return
  • #1,066,730
  • May 10, 2016 7:04pm May 10, 2016 7:04pm
I don't see anything coming up on the calendar to move much of anything.
TE started 6/4/19
  • #1,066,731
  • May 10, 2016 7:18pm May 10, 2016 7:18pm
Quoting Marz30
I don't see anything coming up on the calendar to move much of anything.
Unemployment claims on Thursday may move it.
  • #1,066,732
  • May 10, 2016 8:54pm May 10, 2016 8:54pm
Attached Image


EurUsd need
  • #1,066,733
  • May 10, 2016 9:11pm May 10, 2016 9:11pm
Quoting Rag2RichesFX
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...
JEsus one of realest post I've read on FF, I read it like 3 times. No emotion=More pips
  • #1,066,734
  • May 10, 2016 9:18pm May 10, 2016 9:18pm
Quoting Rag2RichesFX
Fuck the haters. Trading is ALL about being able to mentally withstand drawdown when your primary thesis remains valid.{image}
Good stuff. I read all of this intently. Hope you keep posting.
  • #1,066,735
  • May 10, 2016 9:20pm May 10, 2016 9:20pm
Yay!! Euro is up..huray!!! lets break 1.150!!!
  • #1,066,736
  • May 10, 2016 9:31pm May 10, 2016 9:31pm
Decided to cash out and short a little.

Risk was too great for a correction and sure enough....

If long opportunity sets up, I will post it.
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,066,737
  • Edited 9:42pm May 10, 2016 9:31pm | Edited 9:42pm
EURUSD is bullish, now is a good time to enter the trade. It will hit 1.1610 - 1.1615 soon, probably by wednesday or friday if not before.

key level will show some resistance at 1.1500 pulling back and forward to 1.1485 - 1.1490 after 1.15 is broke it will help as a support level, then it will rally hit 1.1575 - 1.1578, after 1.1580 breaks it will rally to 1.1615 and will bounce back to 1.1570

There you go.

Conclusion: BUY EURUSD take profit 1.1615 SELL at 1.1610 take profit 1.1570
  • #1,066,738
  • May 10, 2016 11:39pm May 10, 2016 11:39pm
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,066,739
  • May 10, 2016 11:59pm May 10, 2016 11:59pm
Good morning.

Perhaps today we gonna see southward breakout.
  • #1,066,740
  • May 11, 2016 12:03am May 11, 2016 12:03am
Quoting Raa
Good morning. Perhaps today we gonna see southward breakout.
May I know the reason. Why southward breakout and NOT northward breakout?
When the going gets tough , the tough get going
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