Anyways I'm still in the sell and holding. Wants this correction is over it will give another opportunity to add to my position.
1
- #100,042
- Nov 30, 2016 11:22am Nov 30, 2016 11:22am
- Joined Mar 2012 | Status: Trader | 14,310 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #100,043
- Nov 30, 2016 11:51am Nov 30, 2016 11:51am
While everyone is talking nonsense I'm making money.. lmaoo
Now people DONT jump into a sell right now. I know you think its going to run away and leave you.. But it will make a consolidation that you can trade to the downside. Just be patient.
Now people DONT jump into a sell right now. I know you think its going to run away and leave you.. But it will make a consolidation that you can trade to the downside. Just be patient.
- #100,044
- Nov 30, 2016 1:27pm Nov 30, 2016 1:27pm
- Joined May 2011 | Status: Trader | 1,577 Posts
{quote} I missed the post you did 10 months ago for USD Index. Would you be kind enough to post a count on AUDUSD for next few months (maybe for the whole of 2017) so we all can have a map to follow. Please include both time and price on the charts so we have reference points on the map. Feel free to follow other Elliottician methods of posting alternate counts as well. Thanks.
As the crickets chirp away in the silence 
Ecclesiastes 1:9
- #100,046
- Nov 30, 2016 2:02pm Nov 30, 2016 2:02pm
{quote} Hi Interesting conversations to see how people trade or at least think how it should be Lio, so you expect price to go ap to 76 or 77 to sell again. Of course patterns fail at times right? SO, what if it never gets there, and say it goes (just randomly) to 75 and then drops /resumes going down ? Just learning here cheers
now i dont think so, that will climb all the way to 0,77
now just selling on fibo levels( I am sorry my fibo levels are opposite) and touching declining trending line(yellow one)
and yes i think aud/usd will go down, big time, by my calculations should break old support of 0.6832. thats the plan until the price doesnt go above 0.783, if thats happen I am wrong( always use proper MM), in a meantime i am trying to sell on every pullback( my sell limit orders were not hit
) so now iam waiting the price to go back to 50% retracment from the last move. if not I will wait for the price to break 0.7320 and wait for the retest then sell.Lately i have been playing very protective, just because even I can see the move, still very hard to bring profit of it
i am risking not more than 8% of my capital on every attack, not every limit order, So for example sell limit orders from 50%,38% and 23% on the chart with sl 0.7714 will be one attack, in case i loose i lose 8% of my capital( i play with very small amounts). profit wont be huge, but higher chance of been constant. so the best case scenario will be the price to go all the way to 23% and go down to 0.7142.
the green projection lines are 100% from A move(which looks like impulse move) , so the 3rd move (wave should be at least 100% of 1st wave( shouldnt be the shortest) or i hope for 127%-138%
its a strategy ,nobody knows what really will happen , i will stick to my plan, u are welcome as well
just use good money management, it is extremely important
- #100,056
- Nov 30, 2016 4:12pm Nov 30, 2016 4:12pm
{quote} Your wave 2 does not meet the requirements of a wave 2. this is why the masses think EW is subjective because most traders do not follow the guidelines. If your going to trade Elliott's theory then you have to follow HIS rules. If your trading the lioslim theory then continue.
)may be come back all the way to 50% of wave 1, may be more I dont know, i said that so far we have a running flat correction as a wave 2
wave 2 can be combination as well XYZ, where X is the running flat correction, but we still dont know that, I dont
I am just doing a set up with low risk so we can make some money, thats all forex about
- #100,059
- Nov 30, 2016 4:33pm Nov 30, 2016 4:33pm
- | Commercial User | Joined Jan 2015 | 1,352 Posts
20 Pips a day keeps centerlink away