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  • #1,074,481
  • Aug 25, 2016 9:05am Aug 25, 2016 9:05am
Quoting Uturn2
{quote} ^a? Cheers, U2 {image}
Oke that's an abc in shape....but can you make a 5-wave impulsive move from your wave a...?

I was considering this a time ago and I couldn't find a correct impulsive 5-way move into this. That's way I left the triangle option
You can manage risk, but you can't manage the return
  • #1,074,482
  • Aug 25, 2016 9:44am Aug 25, 2016 9:44am
Quoting Techanalyst
Opened position last night profit target reached. Opened another long now. {image}
Cool, I closed one sell last night, and opened one long one today
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,074,483
  • Aug 25, 2016 9:45am Aug 25, 2016 9:45am
Longs are a good idea now ONLY with a SL at 1276, which is not that far away...less than 10 pips. Profit target might be high...if we close the day above 1300.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,484
  • Aug 25, 2016 9:47am Aug 25, 2016 9:47am
Quoting OnlineAddict
Longs are a good idea now ONLY with a SL at 1276, which is not that far away...less than 10 pips. Profit target might be high...if we close the day above 1300.
I placed a stop a lot farther, cause I can't be watching the screen (I'm yet a 9-5er).
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,074,485
  • Aug 25, 2016 9:52am Aug 25, 2016 9:52am
Quoting PowerTrade
{quote} I placed a stop a lot farther, cause I can't be watching the screen (I'm yet a 9-5er).
1276 kills longs, I think...but I might be wrong.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,486
  • Aug 25, 2016 10:28am Aug 25, 2016 10:28am
Market still choppy. That is good news for us traders because we know soon big moves are coming. Either up or down. We should find out tomorrow after Yellen speak or next Wednesday after NFP, where market will go up or down.
  • #1,074,487
  • Aug 25, 2016 10:40am Aug 25, 2016 10:40am
ON LINE ADDICT

no, you are not wrong. 1.1270 still safer...
  • #1,074,488
  • Aug 25, 2016 11:04am Aug 25, 2016 11:04am
Quoting mej504
{quote} Closed at 1.126 as soon as I woke up this morning. Was fine with taking 60 pips. Dropped a little closer toward my target, but I'm not fretting it. Lost 20 pips trying to catch a bottom near a downward channel on the 4H. Entered again at 1.125. Long at 1.125 TP at 1.129 (23.6% fib handle from 2014 high to 2015 low) Tight stop loss at 1.124. Will look to bump it up to BE as soon as I see another move upward. {image}
TP reached overnight. +40 pips

Opened another short 1.128, playing for a touch on the 61.8% fib handle (again) after seeing apparent pullback from the 23.6% monthly fib. This would require a break down through both the weekly pivot (1.127) and downward channel.

Short at 1.128
TP 1.123
SL tight at 1.129, moving to BE as soon as possible.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDproH1.png Size: 52 KB
  • #1,074,489
  • Aug 25, 2016 11:08am Aug 25, 2016 11:08am
Quoting OnlineAddict
{quote} Look at the forecasts and history data...the data can be only bad today. Another move up for EU. And even if its good...PA is bullish, so the news won't matter...it would just move down a bit to re-load and go up again. But bad news during such a bullish day...that can be really bad for EU bears today.

If we get rejected again at 1250-60, that is your bullish reversal pattern right there
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,490
  • Aug 25, 2016 11:10am Aug 25, 2016 11:10am
Quoting Techanalyst
Market still choppy. That is good news for us traders because we know soon big moves are coming. Either up or down. We should find out tomorrow after Yellen speak or next Wednesday after NFP, where market will go up or down.
I closed one long and decided to wait, I wanted to short but I think the market has not decided yet what to do, too choppy right now.
A good strategy for trading is... the opposite of having a bad strategy.
  • #1,074,491
  • Aug 25, 2016 11:23am Aug 25, 2016 11:23am
Quoting HappyMe
{quote} Well I think we saw the count as I showed here http://www.forexfactory.com/showthre...31#post9100131 From here I first see a move upwards to +/- 1,1270-80 From marketRhythm view (4H-chart) there are different targets: sma89 around 1,1211 ema365 around 1,1178 ema200 around 1,1134 If I compare this with the HEW projections (see screenshot) I think they all can be valid (except the 1.1211, this is already above the coming wave iii). For a better pinpoint I need the coming waves.... After all this I see the last move up...
Incredible....but the count still looks good....
to be honest....this afternoon I had doubt about the outcome...

I only have to change the targets a little...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot1.png Size: 5 KB
You can manage risk, but you can't manage the return
  • #1,074,492
  • Aug 25, 2016 11:53am Aug 25, 2016 11:53am
One POV. Direction? I don't know. I go where it goes. If it breaks the upper or lower blue serrated lines I'll consider getting in.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 8 25 2016 ny session.png Size: 40 KB
  • #1,074,493
  • Aug 25, 2016 11:58am Aug 25, 2016 11:58am
Quoting baherhosni
{quote} If we get rejected again at 1250-60, that is your bullish reversal pattern right there
Nah, my bullish pattern would work out if we broke 1311 today...we didn't, so bears are winning and I will short the next opportunity I get during asian session...into 1215. Ideally between 1283-95.

Unless some craziness happens and we shoot high in the next 4 hours.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,494
  • Aug 25, 2016 11:59am Aug 25, 2016 11:59am
Key levels to watch for:
Support: 1.1239; 1.1197;
Resistance: 1.1382; 1.1427.
  • #1,074,495
  • Aug 25, 2016 12:05pm Aug 25, 2016 12:05pm
Quoting deresel
Key levels to watch for: Support: 1.1239; 1.1197; Resistance: 1.1382; 1.1427.
I don't think banks or hedge funds even know what pivots and fibs are...
Everyone can see the chart, but only a few can actually read it.
  • #1,074,496
  • Aug 25, 2016 12:07pm Aug 25, 2016 12:07pm
you bet they do
  • #1,074,497
  • Aug 25, 2016 12:11pm Aug 25, 2016 12:11pm
Quoting MXT
you bet they do
All they need to know are the SL and margin call levels.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,498
  • Aug 25, 2016 12:18pm Aug 25, 2016 12:18pm
13.17 ESTDT =1.12 78

A drop below 1.12 70 will look bearish to my eyes...
  • #1,074,499
  • Aug 25, 2016 12:24pm Aug 25, 2016 12:24pm
Even 1283 is a hurdle on the way up now...if we stay below...I will short a spike during Tokyo, asians might give me a good short entry opportunity then. Both EU and GU look like they will drop heavily tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,500
  • Aug 25, 2016 12:26pm Aug 25, 2016 12:26pm
For the next 24 hrs. it is kind of dumb to try to predict where price is heading.
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