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  • #1,115,241
  • Jun 7, 2017 7:56pm Jun 7, 2017 7:56pm
Quoting Ata-Turkoglu
{quote} Thanks for your sincere comment.. and yes.. the higher the timeframe you trade automatically the lower the noise and therefore the lower the stress.. also leaves more free time to engage with family and friends and your sleep becomes healthy and uninterrupted.. loads of benefits by just giving up some of your additional profits that small timeframes would provide.. but that's okay.. in the end even a consistent 10 pips* a day is enough to become a millionaire.. *the keyword here is "consistent" Stay Green
Do you trade the weekly ?

Absolutely ! I've been enjoying 4h and daily, its so much easier. Btw I really liked your weekly chart analysis. Never analysed the levels like that in my whole trading career. Learned something there. Keep sharing !
...
  • #1,115,242
  • Jun 7, 2017 7:57pm Jun 7, 2017 7:57pm
Quoting Ata-Turkoglu
{quote} Thanks for your sincere comment.. and yes.. the higher the timeframe you trade automatically the lower the noise and therefore the lower the stress.. also leaves more free time to engage with family and friends and your sleep becomes healthy and uninterrupted.. loads of benefits by just giving up some of your additional profits that small timeframes would provide.. but that's okay.. in the end even a consistent 10 pips* a day is enough to become a millionaire.. *the keyword here is "consistent" Stay Green
That's exactly what I said before. 10 pip " consitant" large volume trade 1 trade per day.
  • #1,115,243
  • Jun 7, 2017 8:06pm Jun 7, 2017 8:06pm
Quoting Piquant
{quote} Do you trade the weekly ? Absolutely ! I've been enjoying 4h and daily, its so much easier. Btw I really liked your weekly chart analysis. Never analysed the levels like that in my whole trading career. Learned something there. Keep sharing !
I trade the Daily or H4 mostly by entering based on hourly chart.. Sometimes I do trade the weekly by entering based on H4 chart.. H4 is okay.. H1 gives me precise entries..

Stay Green
Focus only on what truly matters!
  • #1,115,244
  • Jun 7, 2017 8:14pm Jun 7, 2017 8:14pm
Quoting Montrealer
{quote} Many may ask why EU doesn't take 1.13? I still keep posting my answer as of May 23d, 2017 (see above). Also, couple of days ago I counted Elliot Waves and it says we are in the last leg of correction (Wave C) of global downtrend from 1.60. It will brings us to the first target 1.0750 (Gap to fill), then possibly to 1.04. Then a new MULTI YEARS UPTREND begins. There is also a slight chance that if we take out 1.04 support, we will witness a SUPER DOWNTREND, that we can't calculate from 20-years perspective (cause Euro is relatively new currency)....
I didn't know that wafe calculations take membership problems into consideration!!!
But other than that, interesting analysis. I am still big time short and that is a perfect scenario for me,

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,115,245
  • Jun 7, 2017 8:32pm Jun 7, 2017 8:32pm
Quoting NotAtrader
{quote} I didn't know that wafe calculations take membership problems into consideration!!! But other than that, interesting analysis. I am still big time short and that is a perfect scenario for me, Cheers
1.08 is a sure thing (78.6%) and the probability of 1.04 is 38.2%, while below parity is less than 10%.

If you take a look at my calculation, you will see that the final leg (Wave C) is almost done. After my mark of Wave (C), you can also count minor 5 waves and a formation of first minor leg of correction down (Wave A, I didn't mark in the chart). So, 1.07-1.08 is very reasonable. If we don't go to a double bottom below 1.04 - we start a MULTI YEAR UPTREND.
Attached Image (click to enlarge)
Click to Enlarge Name: Elliott_Euro.jpg Size: 290 KB
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,115,246
  • Jun 7, 2017 8:33pm Jun 7, 2017 8:33pm
The pair's bouncing movement shows how anxious the market is before Thursday two major events which include the UK election and ECB monetary policy meeting. No clear direction for now, break out needed.
  • #1,115,247
  • Jun 7, 2017 8:42pm Jun 7, 2017 8:42pm
Quoting suthmo
{quote} Trading the liquour express. Hey that's to bad damn. I might miss take profit and fall asleep waiting for power to come back on. They got 27mins...
http://www.funnyjunk.com/Be+the+liqu...f4c0a7_5514637

  • #1,115,248
  • Jun 7, 2017 8:45pm Jun 7, 2017 8:45pm
To summarize pull back to 1.07 -1.08

Attached Image (click to enlarge)
Click to Enlarge Name: Elliott_Euro.jpg Size: 290 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Elliott_Euro _Weekly.jpg Size: 247 KB
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,115,249
  • Jun 7, 2017 8:49pm Jun 7, 2017 8:49pm
Quoting Montrealer
To summarize pull back to 1.07 -1.08 {image} {image}
Wait, it is at 1.07 already? I'm confuzzled! Haha
  • #1,115,250
  • Jun 7, 2017 8:52pm Jun 7, 2017 8:52pm
Quoting skillz16
{quote} Wait, it is at 1.07 already? I'm confuzzled! Haha
Red arrows shows where we go from current level. Right to the gap on Daily chart at 1.07 -1.08 area.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,115,251
  • Jun 7, 2017 8:55pm Jun 7, 2017 8:55pm
Quoting ruma29
{quote} personally I never used EW and fib in trading so I do not comment on it but: sure thing in trading? Really? suthmo says that 5(3) counting is obsoleted . s/he use her/his 777 since sistem + s/he shave some things and s/he goes long: https://www.forexfactory.com/showthr...78#post9954878
If you can read EW, you can see the future But keep it in secret
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,115,252
  • Edited 11:55pm Jun 7, 2017 11:42pm | Edited 11:55pm
Quoting Ata-Turkoglu
{quote} Thanks for your sincere comment.. and yes.. the higher the timeframe you trade automatically the lower the noise and therefore the lower the stress.. also leaves more free time to engage with family and friends and your sleep becomes healthy and uninterrupted.. loads of benefits by just giving up some of your additional profits that small timeframes would provide.. but that's okay.. in the end even a consistent 10 pips* a day is enough to become a millionaire.. *the keyword here is "consistent" Stay Green

The whole thing I find weird about "10 pips a day" is... how much of the account is at risk and what pair is being traded? If you're risking 1% of the account, the leverage available for a specific pair is 1/3rd as much as EUR/USD (GBP/USD for instance)... then you'd need 3,000 pips to equal 10 pips full tilt on EUR/USD.

I prefer going by percentages; Most traders need a consistent 3% a day for an entire year to turn $500 into $1mil. But, to be honest, once you start making more than you would at any other day-job you don't really care how quickly you reach $1mil.

I aim for 2%... usually end up at about 5% and have some good days of 10-20%(50:1 leverage). Then I usually blow all but 1% dicking around because I really don't give no fucks. I enjoy trading so it's just very expensive entertainment for me to dick around at the same time.
"The fun is in the hunt. Not the kill."
  • #1,115,253
  • Jun 7, 2017 11:45pm Jun 7, 2017 11:45pm
Quoting csc2009
The pair's bouncing movement shows how anxious the market is before Thursday two major events which include the UK election and ECB monetary policy meeting. No clear direction for now, break out needed.

no follow up on yesterdays fall on 4h 100SMA/EMA. Bounced right back up to 4h 20ema. Part of says me pull the trigger go short but part of me is hesitant. It could snap back at me hitting the SL. So the best thing for now is probably to wait eh ?

EURUSD daily still looks bearish and it wouldn't be too late to get in for short again after some correction at 4h 200EMA if it does go short, if goes up breaking through that weekly level thats another story. Good observation !
...
  • #1,115,254
  • Jun 8, 2017 12:21am Jun 8, 2017 12:21am
Price at least will have meet at 1.12450. However, The multi tested level of 1.12065 is the Target. Best wishes to all
Attached Image
We err, and err, and err again, but less.
  • #1,115,255
  • Jun 8, 2017 12:31am Jun 8, 2017 12:31am
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,115,256
  • Jun 8, 2017 1:11am Jun 8, 2017 1:11am
Quoting dweb
Price at least will have meet at 1.12450. However, The multi tested level of 1.12065 is the Target. Best wishes to all {image}
I agree completely.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
"Diversification is an excuse for a lack of talent" ~FXC
  • #1,115,257
  • Jun 8, 2017 1:13am Jun 8, 2017 1:13am
Quoting OnlineAddict
{quote} Out at 2925, for very quick 40 pips, 0.0 pip drawdown. {quote} You were wrong, surprise surprise. I am done with this thread, so sick of morons smartassing other people's trades instead of posting their own, which they don't have the balls to.
So your so called big guys entered 10-12 hours before election and out at 2925?
Quoting OnlineAddict
Anyone noticed the big guys entering short on GU at 2969? I did...and joined them at 2965 for a scalp.
You cannot learn better without losing
  • #1,115,258
  • Jun 8, 2017 1:31am Jun 8, 2017 1:31am
Quoting forexings
{quote} So your so called big guys entered 10-12 hours before election and out at 2925? {quote}
Sorry, I am done explaining anything to dumb people, its not worth the time and there is nothing to gain.
Everyone can see the chart, but only a few can actually read it.
  • #1,115,259
  • Jun 8, 2017 1:35am Jun 8, 2017 1:35am
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  • #1,115,260
  • Jun 8, 2017 1:56am Jun 8, 2017 1:56am
Slightly off thread with this one but had to say just went to Baby Pips for first time in a while and nooooo they went and changed it all. Now it just looks like any other slick Forex info website. No more little avatars. No more simple, easy to use website. Now its all, well different. Hate it. Bring back the old.
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