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  • #1,073,201
  • Aug 3, 2016 6:30am Aug 3, 2016 6:30am
Quoting HappyMe
{quote} mhhhh it looks you are right.... USDX is at low-level.... so yes maybe we saw the high at 1.1233.

Buddy, Look at this one.. Please tell me your thoughts..
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,202
  • Aug 3, 2016 6:34am Aug 3, 2016 6:34am
Quoting baherhosni
{quote} Buddy, Look at this one.. Please tell me your thoughts.. {image}
I think the next move would be towards the North.
  • #1,073,203
  • Aug 3, 2016 6:47am Aug 3, 2016 6:47am
Quoting actionmoney
{quote} I think the next move would be towards the North.
Well.. If there is any sense in what I just posted, then we are in "a" leg and the "b" leg will be to the south giving the EURUSD a leg to the north before the "c" leg which should take us down again. I still don't use the fib ratios with HEW, so I am unable to calculate the anticipated levels..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,204
  • Aug 3, 2016 6:51am Aug 3, 2016 6:51am
Well observed trend. ADP data coming out soon may change a few things.
  • #1,073,205
  • Aug 3, 2016 6:59am Aug 3, 2016 6:59am
I some times read some traders wondering how hedging opposite directions would make sense..

This is an example of two hedged trade positions with both in profit.
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,206
  • Aug 3, 2016 7:06am Aug 3, 2016 7:06am
If it does not stop at the white support line, the 61.8% Fib retrace level is not far below at 1.9571

Let us see..
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,207
  • Aug 3, 2016 7:26am Aug 3, 2016 7:26am
Support holding very well. The USD Index also has some resistance consolidation..

@HappyMe, is this the end is the A leg? B to the north then?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,208
  • Aug 3, 2016 7:32am Aug 3, 2016 7:32am
Quoting akatyk
Well observed trend. ADP data coming out soon may change a few things.
a bit better ADP. Nevermind I'll add few longs. Mind you we can retrace lower. 1.1195 now. 1.1130 1240 is my range
Beware of robber banks (RB), bad advisors.
  • #1,073,209
  • Aug 3, 2016 7:39am Aug 3, 2016 7:39am
Seems like these two options for the USD Index for now!!!
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,210
  • Aug 3, 2016 7:46am Aug 3, 2016 7:46am
Quoting baherhosni
{quote} Buddy, Look at this one.. Please tell me your thoughts.. {image}
wave i / iii and v always exist out of an a-b-c (wave a is a 5-wave, wave b is a retracement => 3-waves and wave c is a 5-wave)

You only can judge if it is correct if the ratio's are correct (so you need that spreadsheet after eyeballing the waves as you already did)....and if so....is it then also fitting in the bigger picture and yes sometimes it can be fussy!

Hope this helps
You can manage risk, but you can't manage the return
  • #1,073,211
  • Aug 3, 2016 7:50am Aug 3, 2016 7:50am
Quoting baherhosni
Seems like these two options for the USD Index for now!!! {image}
I feel we will have a longer North move after the zigzag downward move.

Just prediction not guaranteed statement. What do you think?
  • #1,073,212
  • Aug 3, 2016 7:54am Aug 3, 2016 7:54am
Quoting baherhosni
Support holding very well. The USD Index also has some resistance consolidation.. @HappyMe, is this the end is the A leg? B to the north then?
Hi are you sure you are looking to the USD Index (USDX)??

I think we saw something like this ... at least it could be.... the wave iv is actually to short.... but also in the EURUSD there was a to short wave iv...
That makes this move a little difficult for me.... sometimes this happens but usually the alternation between wave ii and iv is reliable (so if it's not there you can ask yourself is my wave i and ii placed correctly...? )
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You can manage risk, but you can't manage the return
  • #1,073,213
  • Aug 3, 2016 7:58am Aug 3, 2016 7:58am
[quote=Rag2RichesFX;9056066Peace FF. You gotta know when to hold em, when to fold em, but sometimes... you gotta know when to walk away from the table with your money. I'm not allowing a 1000% return (this year alone), and over 10,000% in the past 5 years... to dwindle back to nothing. Good luck with your trading ventures. It's been real FF.[/quote] Peace, been fun watching you trade those large lots, for certain.
  • #1,073,214
  • Aug 3, 2016 7:59am Aug 3, 2016 7:59am
Quoting actionmoney
{quote} I feel we will have a longer North move after the zigzag downward move. Just prediction not guaranteed statement. What do you think?
Well the arrows are just for direction and not for levels! So yeah..

When I get better with the HEW ratios like master HappyMe, I will be better at telling levels
However, on the USD Index chart, we can assume that if we break the 50% Fib level to the north we can aim at the 38.2% then the upper limit if the retrace channel..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,215
  • Aug 3, 2016 8:02am Aug 3, 2016 8:02am
Quoting HappyMe
{quote} Hi are you sure you are looking to the USD Index (USDX)?? I think we saw something like this ... at least it could be.... the wave iv is actually to short.... but also in the EURUSD there was a to short wave iv... That makes this move a little difficult for me.... sometimes this happens but usually the alternation between wave ii and iv is reliable (so if it's not there you can ask yourself is my wave i and ii placed correctly...? ) {image}
I started the wave i where you have the ii

No wait
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,216
  • Aug 3, 2016 8:06am Aug 3, 2016 8:06am
Quoting HappyMe
{quote} Hi are you sure you are looking to the USD Index (USDX)?? I think we saw something like this ... at least it could be.... the wave iv is actually to short.... but also in the EURUSD there was a to short wave iv... That makes this move a little difficult for me.... sometimes this happens but usually the alternation between wave ii and iv is reliable (so if it's not there you can ask yourself is my wave i and ii placed correctly...? ) {image}
Yes we have the same chart if you look closely, and you have the same count too..

But you know that I need time with the ratios still. I am simply proud I was able to eyeball the wave as you said!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,217
  • Aug 3, 2016 8:33am Aug 3, 2016 8:33am
Quoting baherhosni
Seems like these two options for the USD Index for now!!! {image}

btw the thick red TL is now broken to the up side on the USD Index and awaiting confirmation in 1 and a half hours at least..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,218
  • Aug 3, 2016 9:29am Aug 3, 2016 9:29am
Quoting HappyMe
{quote} Hi are you sure you are looking to the USD Index (USDX)?? I think we saw something like this ... at least it could be.... the wave iv is actually to short.... but also in the EURUSD there was a to short wave iv... That makes this move a little difficult for me.... sometimes this happens but usually the alternation between wave ii and iv is reliable (so if it's not there you can ask yourself is my wave i and ii placed correctly...? ) {image}

On the EURUSD chart, in my view we are witnessing the A leg after v.. B will be the correction of A move to the north.. Correct me if I am wrong..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,219
  • Aug 3, 2016 9:54am Aug 3, 2016 9:54am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Continue Long at 1,1221 following the D1 and W1 trend...
  • #1,073,220
  • Aug 3, 2016 9:56am Aug 3, 2016 9:56am
Profit target reached.
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