Last day of month is almost always full of surprises.
- #1,076,862
- Sep 30, 2016 9:36am Sep 30, 2016 9:36am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} For me its very deep and non-standart wave 4 until market didn't hit 1.1227adding screenshot from phone, to better understand
GL
{image}
Very very deep for a 4 to go as far as a 2!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,076,863
- Sep 30, 2016 9:56am Sep 30, 2016 9:56am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} Very very deep for a 4 to go as far as a 2!!!
1) the end of a triangle.... (brown count) => my preference....but is the market listening to me...?
2) still in a flat (red count)
1)
First I thought we could see the leg ^d around 1.1125.... but after the moves of today I believe we are now in the leg ^e. anyway the leg ^d is a little short in my opinion but valid.... if this thing is finishing around the 50% projection (as a normal leg ^e do) then possible we now see the end of this triangle....
2)
If not a triangle....then we still see a possible FLAT here!!
The problem here is that I can't see a nice 5-wave move seen from the red Fb.....
You can manage risk, but you can't manage the return
- #1,076,864
- Sep 30, 2016 9:57am Sep 30, 2016 9:57am
{quote} For me its very deep and non-standart wave 4 until market didn't hit 1.1227
(It's not an advise, use your own head..)
- #1,076,865
- Sep 30, 2016 10:03am Sep 30, 2016 10:03am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} There are two possibilities now in my view: 1) the end of a triangle.... (brown count) => my preference....but is the market listening to me...?
Man I still need more practice on counting.. Let alone ratios.. The moves are very strong it tends to confuse my ability to catch the count.. lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,076,866
- Sep 30, 2016 10:06am Sep 30, 2016 10:06am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} 1.1227 was hit, reverse already started
The strange this that my work comes to the same conclusions without the EW.. would be lovely to add that skill to my tools kit..
Thanks for helping on this to you and to HappyMe..
{quote} There are two possibilities now in my view: 1) the end of a triangle.... (brown count) => my preference....but is the market listening to me...?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,076,867
- Sep 30, 2016 10:09am Sep 30, 2016 10:09am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} Man I still need more practice on counting.. Let alone ratios.. The moves are very strong it tends to confuse my ability to catch the count.. lol
You can manage risk, but you can't manage the return
- #1,076,868
- Sep 30, 2016 10:13am Sep 30, 2016 10:13am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} 1.1227 was hit, reverse already started
ps... it is just heading north now.... 1,1244 already
...maybe hunting the DR2 before the turning occurs ?!
You can manage risk, but you can't manage the return
- #1,076,870
- Sep 30, 2016 10:16am Sep 30, 2016 10:16am
- Joined Aug 2016 | Status: Trader | 10,396 Posts | Online Now
- #1,076,871
- Sep 30, 2016 10:20am Sep 30, 2016 10:20am
{quote} so now is your A after those 5s right pytaz? The strange this that my work comes to the same conclusions without the EW.. would be lovely to add that skill to my tools kit..
1st was from 1.11225-1.12567
2nd was from 1.12567-1.11529
now 3rd from 1.11529-....
gl
(It's not an advise, use your own head..)
- #1,076,872
- Sep 30, 2016 10:20am Sep 30, 2016 10:20am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,076,873
- Sep 30, 2016 10:25am Sep 30, 2016 10:25am
{quote} oh gosh......Pytaz...are we finally agree in direction and even turning point?! :lol
yep, finally (It's not an advise, use your own head..)
- #1,076,874
- Sep 30, 2016 10:26am Sep 30, 2016 10:26am
- | Joined Aug 2009 | Status: Trader | 296 Posts
{quote} 1.1227 was hit, reverse already started
- #1,076,875
- Sep 30, 2016 10:26am Sep 30, 2016 10:26am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} There are two possibilities now in my view: 1) the end of a triangle.... (brown count) => my preference....but is the market listening to me...?
Elliott Wave for optimum entry, exit and risk management of trades
- #1,076,877
- Sep 30, 2016 10:32am Sep 30, 2016 10:32am
{quote} Reversal means?
(It's not an advise, use your own head..)
- #1,076,878
- Sep 30, 2016 10:51am Sep 30, 2016 10:51am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} But I'm really not sure........!! This thing is just running like a headless chicken....
And all these waves and stuff... Just fun. Friday, last day of month
Back to 1.12 and start over again
I might become little swing trader, like Dale. Respect.
Todays pattern is exactly like yesterday afternoon.
Â
Nice catch.€‹ That reminds me of 2010 or 11 when some Dubai or AbuDabi conglomerate folded, so sparked a big sell. Difference is now the euro is low interest currency - if markets crash, E/U may actually go up... In future. We shall see.Â
just like 21Sept. Stop hunts. Nothing major.
Beware of robber banks (RB), bad advisors.
- #1,076,879
- Sep 30, 2016 11:07am Sep 30, 2016 11:07am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} Yeah
This wave stuff.. yeah.. it is fun.. You are absolutely correct!! cuz it improves the win:loose ratio a lot.. it makes the tick more on the side on proper entry and MM..
I still need a trading break soon!!! "Loose some to win more" --Baher A.