Goldmine!

[FX4Newbies]

US Session: Chart continuation

Getting some sell off..C

 

[FX4Newbies]

Expected Profit Target Hit!!!

Hello again,

ML Target hit on larger red fork. Did not mark in advance...it is almost a given (80% probability) at this point . Marked on chart with green circle for newer thread visitors.

Did short and closed the trade just before the ML target.

Would probably post again later this afternoon.

Take care,

 

[FX4Newbies]

End Of Day: July 9th

Hello all,

Just wanted to post how the market closed this week. Will see how it cranks up on Sunday in preparation for the London Session.

Enjoy your weekend and thanks again for viewing.

FX4Newbies

 

[FX4Newbies]

The Week Begins - London Session

Good Morning Traders,

Price continues to show weakness. Let's see if we get our expected target...the L-MLH.

Take care,

FX4Newbies

 

[FX4Newbies]

Progress Report

Let us see if price finds its way to the target. Shorted earlier and made a few pips. Not as clean or early of an entry as I would have liked but I was able to find my way in.

 

[FX4Newbies]

Have to head out for a bit. Will see what the market gives us.

Take care,

FX4Newbies

 

[FX4Newbies]

Will We Get Our Target?

We shall see. Price at support on Monthly TF.

 

[FX4Newbies]

Pivot Five Completed?

Hello Traders,

Price got in the neighborhood then turned...was that turning point the completion of Pivot 5? Will keep watching.

FX4Newbies

 

[FX4Newbies]

Elliott Wave and The Pitchfork

A trader asked if the Pivot 5 had anything to do with Elliott Wave. Maybe some of you have had a similar question. Here was my reply:

Good question Joe Trader. The answer is no. Andrews noticed that after a P5, he expected price to turn. His count started with P0. It is not associated with the Elliott Wave concepts in their truest sense, he was just counting "significant" pivots. The commonality of "five" is simply a similarity in their observations of market behavior and that was the extent of it.

Hope that helps.

FX4Newbies

 

[FX4Newbies]

P5 On The Dime

Well,

Price missed the target by about 18 pips or so. Turned at P5 and went north. Price did hit the ML of new blue fork. That ML is a money magnet for sure.

Have a very busy day today and tomorrow. Will keep you posted with any updates.

Take care,

FX4Newbies

 

[FX4Newbies]

London Session July 14th

Hello again traders,

Attached is an updated chart since we completed P5 and price turned on a dime! Bullish sentiment on Monthly chart at the moment...will see how this plays out as price has been falling now for several months. This upward move could be retracement of the fall. Time will tell...just thinking out loud .

May not be able to post again until next until London Session...very busy day today.

Take care and be safe,

FX4Newbies

 

[FX4Newbies]

London Session Update

Just continuing to watch the EurUsd performance. Currently moving toward target.

 

[FX4Newbies]

Pre-US Session: Progress Report On Target

Just seeing where we are in the process. Inching to the target?

 

[FX4Newbies]

Price Target Hit!!!

Let's see if we get the U-MLH target as well.

P.S. Got U-MLH target too!

 

[FX4Newbies]

Warning Lines Added

Price broke through U-MLH...let's see where it runs out of steam.

 

[FX4Newbies]

Which Way Up Or Down

Hello traders,

I have been observing the EU for some time...interesting mix...seems like it wants to fall but has a bias upward? It can't do both at the same time for sure. Will continue to watch and look for something more decisive.

Take care,

 

[FX4Newbies]

Have to be out today. Will see how the market closes.

Safe trading to all.

Fx4Newbies

 

[FX4Newbies]

Market Wrap-Up

Hello again,

We've made it through another week.

Attached is the EU...it finally did fall, not very willingly though. Drew in a light blue triangle...will see if the market rolls around then breaks out of it. Might be an interesting beginning come Sunday.

Have a wonderful weekend.

FX4Newbies

P.S. Added a close-up of the same chart.

 

[FX4Newbies]

Goldmine Updates

Hello Traders/Viewers,

Some very interesting developments have come about...there has been an interest in receiving signals by traders on other forums. I have therefore decided to start offering free signals via my blog. This is not expected to begin until July 26th with the London Session. I will be posting updates as they come, just wanted to give you a heads-up.

Take care,

 

[FX4Newbies]

Just wanted to add that I will continue posting set-ups on the EurUsd as I have been doing.

Take care,