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EURUSD

  • #1,076,001
  • Sep 19, 2016 6:36am Sep 19, 2016 6:36am
EuroUSD H4 ... SELL Target 10957 ...

Attached Image (click to enlarge)
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  • #1,076,002
  • Sep 19, 2016 7:02am Sep 19, 2016 7:02am
Quoting Not-KPMG
{quote} I think it's a risky one. Consolidation to 1.12 is my view, so be careful. The super uptrend channel above looks good it's possible. I'll draw a chart if i can and post. But my phone is so tiny screen. PS :my chart. Sorry for bad crop. It's some buggy phone. My logic is simple - sell and buy inside the triangle. Catch some spikes at red lines. Wait 5 days after FED for directions. I might try guessing the direction before {image}

LOL, sorry.

Great chart.
  • #1,076,003
  • Sep 19, 2016 7:08am Sep 19, 2016 7:08am
bigger picture waves+fibo
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  • #1,076,004
  • Sep 19, 2016 7:14am Sep 19, 2016 7:14am
EUR/USD has formed a double bottom on the one-hour time-frame above the support at 1.1150. The pair will likely start retracing the drop from last Friday and the first target is around 1.1200 again.
  • #1,076,005
  • Sep 19, 2016 7:14am Sep 19, 2016 7:14am
One of the recent facts that I understood is that price will move in your predicted direction if the analyses was proper. However there are certain traps:

1. It will take longer of the box range trading
2. There could be a spike in the opposite direction up to 100 points (that's what I think we will see this week to 1.1100)
3. Or price action will form a set-up that seems to null your initial movement (in any direction)

Good luck to everyone
  • #1,076,006
  • Sep 19, 2016 7:19am Sep 19, 2016 7:19am
Quoting james1254
EUR/USD has formed a double bottom on the one-hour time-frame above the support at 1.1150. The pair will likely start retracing the drop from last Friday and the first target is around 1.1200 again.
The way I see it for next 2 days:

Today 1.1200-1.1215
Tomorrow 1.1120-1.1100 then up...
  • #1,076,007
  • Sep 19, 2016 8:02am Sep 19, 2016 8:02am
Quoting EUROtech
{image}
And what do u think about my projections?
i think it is almost the same...
Attached Image (click to enlarge)
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(It's not an advise, use your own head..)
  • #1,076,008
  • Sep 19, 2016 8:10am Sep 19, 2016 8:10am
Quoting pytaz
{quote} And what do u think about my projections? i think it is almost the same... {image}
What about wave 4 being in price range of wave 1? (I just started to study EW's and this question kinda poped out)
  • #1,076,009
  • Sep 19, 2016 8:12am Sep 19, 2016 8:12am
Quoting pytaz
{quote} And what do u think about my projections? i think it is almost the same... {image}
Started looking at it. Give me a sec
  • #1,076,010
  • Sep 19, 2016 8:22am Sep 19, 2016 8:22am
Quoting NejcFX
{quote} What about wave 4 being in price range of wave 1? (I just started to study EW's and this question kinda poped out)
Good remark, i didn't noticed that before, but in my opinion, it doesn't change anything.. Its market, u know, some EW rules which was proper in early times, in our days are just simply ignored by it...:nerd:
GL
(It's not an advise, use your own head..)
  • #1,076,011
  • Sep 19, 2016 8:38am Sep 19, 2016 8:38am
Quoting EUROtech
bigger picture waves+fibo {image}
Yup, very nice I like..

Cheers my friend..


Quoting pytaz
{quote} And what do u think about my projections? i think it is almost the same... {image}
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,076,012
  • Sep 19, 2016 8:40am Sep 19, 2016 8:40am
Quoting NejcFX
{quote} What about wave 4 being in price range of wave 1? (I just started to study EW's and this question kinda poped out)

1. The last Friday candle down doesn't look like leg 5 of the shorter time frame. It's more like leg 3, so I expect, most likely, a spike down - which will be leg 5 of the retracement.
2. It also seems that we must touch a third time the lower side of the upward channel
3. With the news this week it is also seems likely that we test some areas lower down since we will need more volatility/space and will not just limit to staying within the existing wave 2 on your chart

But the problem of waves is that we have to chart every single wave from monthly to 10-minutes to be confident about the move. I've just started and it will take me another day to do so.
  • #1,076,013
  • Sep 19, 2016 8:45am Sep 19, 2016 8:45am
Quoting NejcFX
{quote} What about wave 4 being in price range of wave 1? (I just started to study EW's and this question kinda poped out)
Bigger waves are of bigger time frames. It must not close lower/higher.

So you need to chart monthly, then daily, 3 hourly and 10-minutely waves (the latter is kind of hard). If your wave 2 or 4 overlaps with 1 or 3, check if its the correct time frame.

Sometimes IT SEEMS like rules are broken but i don't think it happens if you chart correctly. Just takes a lot of time (2-3 days) to just contemplate the price action and see the waves.
  • #1,076,014
  • Sep 19, 2016 8:50am Sep 19, 2016 8:50am
...waiting for EU to close above 1.120xx
Ref...
Inserted Video
  • #1,076,015
  • Sep 19, 2016 9:00am Sep 19, 2016 9:00am
Quoting plato
...waiting for EU to close above 1.120xx Ref... https://youtu.be/n9pmu3WrJqU

Yes.. I know those times when you have to change your analysis after fighting with the market for a bit, then you say to your self "hey, that doesn't look right to me now, does it!!!"..

You usually will have to wait to join the market's direction at a good opportunity after that!! Jumping in is not a good idea most of the time...

Cheers my friend..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,076,016
  • Sep 19, 2016 9:10am Sep 19, 2016 9:10am
Quoting EUROtech
bigger picture waves+fibo {image}
I am seeing it a bit different from u, but not much
(It's not an advise, use your own head..)
  • #1,076,017
  • Sep 19, 2016 9:12am Sep 19, 2016 9:12am
Quoting pytaz
{quote} I am seeing it a bit different from u, but not much
good to know
  • #1,076,018
  • Sep 19, 2016 9:28am Sep 19, 2016 9:28am
Quoting EUROtech
{quote} good to know
That's my view on a bigger timeframe [W1]
Attached Image (click to enlarge)
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(It's not an advise, use your own head..)
  • #1,076,019
  • Sep 19, 2016 9:33am Sep 19, 2016 9:33am
Quoting pytaz
{quote} That's my view on a bigger timeframe [W1] {image}
that's actually a very possible scenario long term. Short to mid term we are moving in the same direction
  • #1,076,020
  • Sep 19, 2016 9:41am Sep 19, 2016 9:41am
sold some just now
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