Day Trading & Forex Forum

forexkunta

Hmmmmmm, well, i have to disagree with you on not knowing what is going to happen. If you subscribe to the Elliott Wave Principle, then the ball is definitely in your court. I would NOT trade with out the knowledge that EW provides.

kitejedi

Hello,
I guess that depends on whether you think EW has any bearing on a market which doesn't have zero as its baseline. Anyway, if it's OK with you, I'm keen to keep this thread focused on what I mentioned at the start. Just trying to keep it nice and simple :-)
All the best
Rob

forexkunta

If you like nice and simple, EW only require you to count to 5. Cant get any more simple than that. Then trading a naked chart will be a possibility that will not leave you broke. Will leave you the website and then scoot. I prefer an advanced notice about what a move is going to do, precision trading instead of shooting with a shotgun from 500 yards.
Elliott Wave International: Expert Market Forecasting using the Elliott Wave Principle

Regards,
Kent

Mr10%

Hey kite, don't listen to that fool. I'm sure if you read my website on 2ema - 5ema cross over on the 4hr you'd make billions. although, since your trading naked i'll make it nice and simple. make sure you set the ma's colour to invisible...

Being serious now though. BoE tomorrow.

kitejedi

Hello Kent,
Thanks for your input but I think you may be missing the point of what this thread is meant to be about. I have no issue with EW and I know there are those who would argue that it has both relevance and irrelevance when applied to forex markets but that's not really what this thread is meant to be about. I am just a happy go lucky lunatic who likes price and as few lines as possible on a chart. I don't believe anything in life is predictable (except maybe death although I am working on becoming immortal ;-) ), therefore I certainly don't believe the markets can be. If you think otherwise then great - we're both right :-)
I just wanted to start a thread about naked trading, not a debate about the whys and wherefor's of market philosophies.
Take care
Rob

kitejedi

T2 has been triggered and offside for the moment but price still looks to be going up....

rawrschach

mambo =D

what do you mean by 1-2-3/T2 etc?

I'm guessing you don't mean the 1-2-3 reversal a la trader vic?

kitejedi

Jambo Bwana,

Habari?

The 1-2-3 is as in a normal 1-2-3. The T2 is just a habit from trading M5 in that each trade from first thing in the morning is numbered. On the hectic days I can sometimes have a few positions open at the same time and I just find it easier to number them all.

Great to hear from you

Rob