DislikedSorry to ask something that maybe have been answered but is that Elliot waves you refer to? 1 2 3 4 5?Ignored
Compare this example of an ending diagonal with the chart I posted above.
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DislikedSorry to ask something that maybe have been answered but is that Elliot waves you refer to? 1 2 3 4 5?Ignored
DislikedNow to get into a short on AU you want to wait for some type of flag pattern to sell. The flag may not be this big or may be bigger, there is no way of telling that. You just need to be able to recognize that the pattern is forming to be able to sell it.Ignored
Disliked{quote} {image} If you don't believe patterns work I also wrote this on how to enter the short {image}Ignored
Disliked{quote} Update : New SL level for those who are looking further for trailing stop: {image}Ignored
DislikedIts all about wave patterns. I'm not in the guessing business. I really hate people who write all those long descriptions as to why they think Aussie is going to this or Aussie is going to do that and this person is going to say that and that person is going to say this. Then they look at 3 indicators, then they look at 4 more others things and come up with an essay underneath the chart explaining why they're buying or selling because they can read what the Fed is doing and they can read that Donald Trump has been elected president and etc. etc....Ignored
Dislikedimho, trading anything in the markets tonight is nothing short of a gamble. it's just tumbling everywhere, abrupt direction changes. i had hedged positions (buys & sells on the same pair) and even while trying to close them off for the weekend, i ended up losing money. for instance in the A/U, closed the cumulative short positions at 7376 only to find it fall to 7368 in the few seconds i was trying to close the long positions...and after taking it there, it abruptly goes up to 7384 or something. been a bad week for me in what on hindsight was full...Ignored
Disliked{quote} It would seem the wave 3 is the shortest of 1 3 and 5 in this image. In any case why is 3 what you have and not this: {image}Ignored
DislikedFancy charts are great.. the AUD has only one way to go from here and down. There are talk that the RBA might cut rates again due to negative data and when USA raise their rates in DEC the AUD is going to get smashed.Ignored
Disliked{quote} Where is this talk? The new RBA governor said - and he was very clear on this, that he thinks further rate cuts are just not worth it.Ignored