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  • #1,077,441
  • Oct 9, 2016 11:25am Oct 9, 2016 11:25am
Quoting Not-KPMG
{quote} Hi fellow. I would like to grab this opportunity to expand this question. First let me say, I'm not yet in the "making a living". But next year I'll be capitalised enough. I do win quite a lot, with a bumpy surprise months ago, that took months to recover After years experience, somewhat humbling, I'd say that between 4-8 % is easy, minor risk, every month. That's 10 months a year Say 50-60% profit. Avoid summer and Christmas. See August 2015 for horrible month. And I'm only...
You don't have the "dodge the wife" trader option I'd tick that box.
  • #1,077,442
  • Oct 9, 2016 11:33am Oct 9, 2016 11:33am
Quoting Not-KPMG
{quote} Hi fellow. I would like to grab this opportunity to expand this question. First let me say, I'm not yet in the "making a living". But next year I'll be capitalised enough. I do win quite a lot, with a bumpy surprise months ago, that took months to recover After years experience, somewhat humbling, I'd say that between 4-8 % is easy, minor risk, every month. That's 10 months a year Say 50-60% profit. Avoid summer and Christmas. See August 2015 for horrible month. And I'm only...
Thx for your input. Have you thought about leaving your full time job for forex?
  • #1,077,443
  • Oct 9, 2016 11:34am Oct 9, 2016 11:34am
Quoting baherhosni
Me.. And my "Bullish" view Some will think I'm crazy!!! But I like to provide what I see since it seems most think we are "very" bearish and to me it looks like the complete opposite.. Only time will tell if I am wrong.. {image} {image}
Against USD the euro will start to sink faster now toward the year's end and here are the reasons:

1. The Fed almost hiked the rate last month, speculation will be that they do so in December.

2. Six months before the ECB even considers tapering their QE program and even that is dependent on growth and inflation.

3. Renewed bullish trend in USD/JPY. Capital will flow there and the pair is loosely inverse to EUR/USD.

4. Gold is sinking VS. the dollar

5. Deutsche Bank did not secure a deal over the weekend with the U.S. Dept. of Justice.

6. BREXIT is also a euro negative event.

Short from 1.1132 and will hold until 1.09.
Be humble or be humbled.
  • #1,077,444
  • Oct 9, 2016 11:50am Oct 9, 2016 11:50am
Quoting F.g
Baher, I absolutely agree with your charts and bullish expectations. The last 9 days have been one of my worst trading experiencies. Whatever you decided to do it was wrong...... These situations are quite rare and account killing experiencies. There is no way you can make an educated guess out of it. However when if finishes and comes on maturity it opens a period of prosperity and clear sailing. Now , let us talk timewise . When does your butterfly suggest completion of topping process ? My calculations arrive at Sunday Oct. 30 ~ 18:00 ESTDT ....
My friend,

Well, if this is the course we are taking, then I am not the person to ask for time analysis. I know there are some traders out there who may be capable of coming up with an "rough estimate" or "range", but personally I do not believe in time analysis since targets can be fulfilled in a number of ways each at a different timing estimate
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,445
  • Oct 9, 2016 11:53am Oct 9, 2016 11:53am
Quoting Temujin
{quote} Against USD the euro will start to sink faster now toward the year's end and here are the reasons: 1. The Fed almost hiked the rate last month, speculation will be that they do so in December. 2. Six months before the ECB even considers tapering their QE program and even that is dependent on growth and inflation. 3. Renewed bullish trend in USD/JPY. Capital will flow there and the pair is loosely inverse to EUR/USD. 4. Gold is sinking VS. the dollar 5. Deutsche Bank did not secure a deal over the weekend with the U.S. Dept. of Justice. 6....

You may change your mind soon

Good luck and green pips..

EDIT: The sinking will come.. no doubt.. just not so soon in my view and analysis...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,446
  • Oct 9, 2016 12:35pm Oct 9, 2016 12:35pm
Quoting Not-KPMG
{quote} Hi fellow. I would like to grab this opportunity to expand this question. First let me say, I'm not yet in the "making a living". But next year I'll be capitalised enough. I do win quite a lot, with a bumpy surprise months ago, that took months to recover After years experience, somewhat humbling, I'd say that between 4-8 % is easy, minor risk, every month. That's 10 months a year Say 50-60% profit. Avoid summer and Christmas. See August 2015 for horrible month. And I'm only...
Thx for your input. Have you thought about leaving your full time job for forex?
  • #1,077,447
  • Oct 9, 2016 12:56pm Oct 9, 2016 12:56pm
Quoting Temujin
{quote} Against USD the euro will start to sink faster now toward the year's end and here are the reasons: 1. The Fed almost hiked the rate last month, speculation will be that they do so in December. 2. Six months before the ECB even considers tapering their QE program and even that is dependent on growth and inflation. 3. Renewed bullish trend in USD/JPY. Capital will flow there and the pair is loosely inverse to EUR/USD. 4. Gold is sinking VS. the dollar 5. Deutsche Bank did not secure a deal over the weekend with the U.S. Dept. of Justice. 6....
with all of my respect I have been reading these same comments for last 5 years from forexfactory and since 2005s when I start trading. Incredibly somebody keep saying euro will collapse for over a decade every single day. Draghi and ECB doesn't want high value euro (search google) that's the all story. Euro will not collapse for next decade at least and Brexit is not happened yet ( strong resistance started in UK parliament against hard brexit). Eurusd will be our star pair to trade always. No mater 1.05 or 1.45. Again all my respects. Have a good trading.
Its not an advice and sorry for grammar.
  • #1,077,448
  • Oct 9, 2016 1:42pm Oct 9, 2016 1:42pm
M5 Sub 6 Sub sub 6 1.1210 to sub sub 7 1.1000
Founder of Sutherland Wave Principle
  • #1,077,449
  • Oct 9, 2016 1:53pm Oct 9, 2016 1:53pm
EU 1H timeframe is quite simple for me at the moment, the way im playing it...
ideal situation is a nice drop right off the yellow line down to 1.1117 to go long... ill post two levels ill look at if it happens...

playing it small on the M5 timeframe... 1.1254 may be wanted for the bulls... however that yellow line is the same as a yellow line right at 1.12008... it may start the move down to 1.1175-70... more lines and situations on m5, they have more moves, smaller time frames do sometimes give the best moves in higher timeframes, i wont give a chart because it is complicated
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  • #1,077,450
  • Oct 9, 2016 2:01pm Oct 9, 2016 2:01pm
Quoting Don96
EU 1H timeframe is quite simple for me at the moment, the way im playing it... ideal situation is a nice drop right off the yellow line down to 1.1117 to go long... ill post two levels ill look at if it happens... playing it small on the M5 timeframe... 1.1254 may be wanted for the bulls... however that yellow line is the same as a yellow line right at 1.12008... it may start the move down to 1.1175-70... more lines and situations on m5, they have more moves, smaller time frames do sometimes give the best moves in higher timeframes, i wont give...
Bloomberg has EU at 1.1189 at the moment
  • #1,077,451
  • Oct 9, 2016 2:08pm Oct 9, 2016 2:08pm
Quoting Forextrade18
{quote} Thx for your input. Have you thought about leaving your full time job for forex?
Yes. I'm changing jobs soon, to part time or something . But next year I'll have nice amount of $. Move around maybe. Live in a forest
ÂÂ
Quoting oundar
{quote} with all of my respect I have been reading these same comments for last 5 years from forexfactory and since 2005s when I start trading. Incredibly somebody keep saying euro will collapse for over a decade every single day. Draghi and ECB doesn't want high value euro (search google) that's the all story. Euro will not collapse for next decade at least and Brexit is not happened yet ( strong resistance started in UK parliament against hard brexit). Eurusd will be our star pair to trade always. No mater 1.05 or 1.45. Again all my respects....
ÂÂ
That's a true trader post
I agree. To me doesn't matter where it goes. I'm perfectly OK on my 4H chart.ÂÂ
On global scale - i side with Temujin. Euro will be pushed down. Dollar up. Maybe this or early next year. To show my conviction... I will open 2 short microlots to 1.05.ÂÂ
I remember having several long U/cad from 1.0130. Good times.
Trade safe guys.
1.1186 now ÂSomeone is probably wrong.Â
Beware of robber banks (RB), bad advisors.
  • #1,077,452
  • Oct 9, 2016 2:35pm Oct 9, 2016 2:35pm
Quoting Not-KPMG
{quote} Yes. I'm changing jobs soon, to part time or something . But next year I'll have nice amount of $. Move around maybe. Live in a forest {quote} That's a true trader post I agree. To me doesn't matter where it goes. I'm perfectly OK on my 4H chart. On global scale - i side with Temujin. Euro will be pushed down. Dollar up. Maybe this or early next year. To show my conviction... I will open 2 short microlots to 1.05. I remember having several long U/cad from 1.0130. Good times. Trade safe guys. 1.1186 now ...

My analysis is on the daily chart so, when the noise on the smaller TFs is done, we can see a clear picture.

It is complete OK to go short for smaller terms of course. I was both short and long last Thursday and Friday!

And, I will gladly admit that I am wrong and follow the new analysis only when the current one becomes invalidated..

"There is nothing wrong with being wrong, but it is definitely wrong to deny it for pride or arrogance" -- Baher A.
It can cost you much to do that..

Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,453
  • Oct 9, 2016 2:50pm Oct 9, 2016 2:50pm
Quoting Don96
EU 1H timeframe is quite simple for me at the moment, the way im playing it... ideal situation is a nice drop right off the yellow line down to 1.1117 to go long... ill post two levels ill look at if it happens... playing it small on the M5 timeframe... 1.1254 may be wanted for the bulls... however that yellow line is the same as a yellow line right at 1.12008... it may start the move down to 1.1175-70... more lines and situations on m5, they have more moves, smaller time frames do sometimes give the best moves in higher timeframes, i wont give...
Watch out for 1140-1130 on the way down.. if/when bulls in control, first target 1305 1250 then 1305
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,454
  • Oct 9, 2016 2:55pm Oct 9, 2016 2:55pm
Quoting baherhosni
{quote} Watch out for 1140-1130 on the way down.. if/when bulls in control, first target 1305 1250 then 1305
,,,
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  • #1,077,455
  • Oct 9, 2016 2:59pm Oct 9, 2016 2:59pm
Quoting Don96
{quote} ,,, {image}
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,456
  • Oct 9, 2016 3:05pm Oct 9, 2016 3:05pm
hello
thats my view, sell from the top of the triangle, buy from the bottom. Usually triangle should not be wave 2, but this time may be, lets see
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  • #1,077,457
  • Oct 9, 2016 3:28pm Oct 9, 2016 3:28pm
Quoting lioslim
hello thats my view, sell from the top of the triangle, buy from the bottom. Usually triangle should not be wave 2, but this time may be, lets see {image}
If i read your chart correctly, it is 3000 pips you are aiming for ÂÂto about 0.83 ? Nice target.
Good night all.
When it opens with gap down, should we try to close it?? I'd rather sell it.Â
Beware of robber banks (RB), bad advisors.
  • #1,077,458
  • Oct 9, 2016 3:51pm Oct 9, 2016 3:51pm
Quoting Not-KPMG
{quote} If i read your chart correctly, it is 3000 pips you are aiming for to about 0.83 ? Nice target. Good night all. When it opens with gap down, should we try to close it?? I'd rather sell it.

0.9445 from the point we start the bearish wave V sooner or later
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,077,459
  • Oct 9, 2016 3:58pm Oct 9, 2016 3:58pm
Quoting Don96
EU 1H timeframe is quite simple for me at the moment, the way im playing it... ideal situation is a nice drop right off the yellow line down to 1.1117 to go long... ill post two levels ill look at if it happens... playing it small on the M5 timeframe... 1.1254 may be wanted for the bulls... however that yellow line is the same as a yellow line right at 1.12008... it may start the move down to 1.1175-70... more lines and situations on m5, they have more moves, smaller time frames do sometimes give the best moves in higher timeframes, i wont...
its been hit just before close on Friday, open in 3 mins is likely to have given it a 20 pip drop
  • #1,077,460
  • Oct 9, 2016 4:08pm Oct 9, 2016 4:08pm
Quoting Don96
EU 1H timeframe is quite simple for me at the moment, the way im playing it... ideal situation is a nice drop right off the yellow line down to 1.1117 to go long... ill post two levels ill look at if it happens... playing it small on the M5 timeframe... 1.1254 may be wanted for the bulls... however that yellow line is the same as a yellow line right at 1.12008... it may start the move down to 1.1175-70... more lines and situations on m5, they have more moves, smaller time frames do sometimes give the best moves in higher timeframes, i wont give...
yellow lines...
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