Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the New Traders category; Some interesting posts here as usual I've placed a minimal risk short on and will leave on overnight, if i ...

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Old Jul 10, 2011, 9:42pm   #745
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Default Re: Elliott Wave EUR/USD

Some interesting posts here as usual

I've placed a minimal risk short on and will leave on overnight, if i wake up and i've
not been stopped then i'm happy to hold it for a while as i think its time to go down
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Old Jul 10, 2011, 10:23pm   #746
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Default Re: Elliott Wave EUR/USD

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Originally Posted by targus+ View Post
Can someone be specific, exactly when, to the minute, call a trade buy / sell etc!! Anyone can give a 100 pip slide!!
Trading is like going to the casino............The only difference is that you can chart the performance here, and there are repeatable patterns that happen....... So if you have a good system then you have an advantage over most traders................ If you were to look at the daily charts, the hourly charts, the 5 minute charts, and the 1 minute charts,,,,,,,,,,,,,,,,,,,,,,and everything lines up perfect across all 4 time frames, then I would say you could call the trade within 1 or 2 minutes,,,,,,,,,,,,,,but I have never seen such a line up,,,,,,,,,and I don't watch the 1 minute charts.........And anyone cannot call a 100 pip slide,,,,,,because most traders lose money in the long term..............
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Old Jul 11, 2011, 4:53am   #747
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Nice, i opened up another position early this morning.... between the two i closed when i hit a total of 100 points

I'd hold longer but from previous experience i like to TP as i have a habit of giving profits back to the markets
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Old Jul 12, 2011, 12:19am   #748
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Originally Posted by JahDave View Post
Trading is like going to the casino............The only difference is that you can chart the performance here, and there are repeatable patterns that happen....... So if you have a good system then you have an advantage over most traders................
This aspect is probably what makes trading appear "easy" to most people. I have to admit that I didn't know what all the fuss was about until I cracked a book.

I believe I looked something like this: .
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Old Jul 12, 2011, 8:31pm   #749
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Originally Posted by Doomberg View Post
Nice, i opened up another position early this morning.... between the two i closed when i hit a total of 100 points

I'd hold longer but from previous experience i like to TP as i have a habit of giving profits back to the markets
I'm glad you did well Doom. If I have counted correctly and the USD_JPY bottomed out and is going up a while now.
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Thanks! The post above is recommended by: Doomberg
Old Jul 12, 2011, 11:30pm   #750
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JahDave started this thread Here is my current 1 hour Euro chart.
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Old Jul 13, 2011, 1:25am   #751
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Thanks JahDave your calls on the EUR/USD and DOW are turning out correct.
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Old Jul 13, 2011, 6:55pm   #752
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Here is a 5 minute, 1 hour, and 1 day NZD_USD Ichimoku chart. The daily shows no sign of weakness yet. There is a spike on the last 1 hour candle, and there is a gap under that candle as well. The highest probability is that the gap will close and hold support. On the five minute chart there is a nice shooting star to end the trading day. So it looks like there will be some down to start the week, but it will probably move up to new highs after that.

Good Trading,
JahDave
I am selling the Kiwi. It had its run down at the first of the week, and now it has made new highs straight up.......
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