Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the Reception category; this is your last trade "May 6, 2010, 1:49am #34 JahDave I just bought it at 1.2825 with a stop ...

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Old May 10, 2010, 7:55am   #36
 
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nice paintings, what about your trades ?

this is your last trade
"May 6, 2010, 1:49am #34 JahDave
I just bought it at 1.2825 with a stop at 1.2750 and a limit at 1.2975. "
You bought right before the crash.
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Old May 10, 2010, 8:27am   #37
 
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Re: Elliott Wave EUR/USD

JahDave started this thread I am wrong sometimes.......Maybe you should trade opposite of me and then you might do better than me, but I am selling Euro right now at 129.70..Good luck...
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Old May 10, 2010, 8:32am   #38
 
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Applying Elliott Wave theory profitably is your aim.

can you confirm applying Elliott Wave theory profitably ?
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Old May 12, 2010, 11:44pm   #39
 
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Re: Applying Elliott Wave theory profitably is your aim.

JahDave started this thread
Quote:
Originally Posted by pssonice View Post
can you confirm applying Elliott Wave theory profitably ?
I have been profitable using Elliott Wave Theory for the last 8 or 10 months now. But with that being said I lost money trying to use it for the first year. I definitely think it is a valuable tool to have in your arsenal of trading methods, but for me there is no "Holy Grail" of trading. I started trading forex over two years ago and lost more money than I earned for the first year and a half. Here are the main tools I use to trade and it has been working consistently for me for the last eight or ten months:

Elliott Wave on trending and non-trending markets:

RSI works great during non-trending markets, but it will get you killed in trending markets, and Elliott Wave lets me know when to expect non-trending times in the market:

Fibonacci retracements and extensions at all times:

Candlestick patterns at EW and Fibo turning points:

and finally I do watch for upcoming economic announcements that are of high importance because they definitely can move the market.

This is a lot of work, but I don't know of an easy way to make money unless you pay to follow someone else's advice, or pay them to trade your money for you, and I find my trading work interesting and fun, unlike other jobs I have done in the past.
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Old May 12, 2010, 11:59pm   #40
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my Euro day chart for today. Nothing has happened in the last several days to confirm either count I have. The 1.3264 is the bottom of wave 1, so if the Euro breaks above that we should have a bigger correction up and if it breaks below 1.25 it should show more weakness.
Attached Thumbnails
eur_05_12_2010_day.png   eur_05_12_2010_hour.png  
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Old May 16, 2010, 5:18am   #41
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Anyway, I have had a really good week of trading. if anyone wants me to post all my entries and exits, then I will,,,,,,,,But of course I can't guarantee you the same results. I just want everyone to be profitable...
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Old May 17, 2010, 10:14am   #42
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Re: Elliott Wave EUR/USD

I would like to see a posting of a P/L blotter. Nothing is more inspiring than a picture of a big fat profit for the day. Anyway, just curious how much you are making.

Don't stop your chart analysis, though. They are very informative and I always look forward to looking at them.
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