the retrace has become reality. from here it is unclear to me whether we should be going vertical up or vertical down, so i am tightening my stop to lock in 118pips.
i also finnished my Ministry of Finance internship, and will be leaving tommorow to the mountains and the sea, i will be back towards the end of the month.
wish you all the best guys, and enjoy your summer.
To be biased is to be human...yes I am biased...I am capable of accepting that. However, I don't have much more to be proven wrong as my count has me at resistance. Only robots are not biased. To totally dismiss my count like that means you are biased as well...to the bullish side. Isnt that what a market is...bulls against the bears? If there wasnt bias, there wouldn't be a market. Ill stick with my count until the one thing that can prove me wrong does...price. Good luck with your analyses Justy and Mike.
Have a good trip QSX.
Sorry,Italm.I dont understand.when the day ends in Fx Market?can you please show a chart...I can understand when day high or in low in a candle stick or bars but how you identify that moment in ongoing 24th markets? can you please show me for instnace yesterday's daily high or love in the EURUSD? Cheers
Perhaps my answer was unclear...maybe cause I did not fully understand the question. You want to know when the day ends? I guess it would depend on where your broker is situated. My broker is situated in New York so my daily charts close at 5 pm estern.
This thing is unfolding in waves of 3. Yet I cannot quite make out an ending diagonal. I am not excluding a new high though.
However, as of now 61.8% resistance seems to be holding...
This thing is unfolding in waves of 3. Yet I cannot quite make out an ending diagonal. I am not excluding a new high though.
However, as of now 61.8% resistance seems to be holding...
That second A-B-C you have could be a series of 1st and 2nd waves to the upside, with an extended third in the process of unfolding now.
Perhaps my answer was unclear...maybe cause I did not fully understand the question. You want to know when the day ends? I guess it would depend on where your broker is situated. My broker is situated in New York so my daily charts close at 5 pm estern.
That second A-B-C you have could be a series of 1st and 2nd waves to the upside, with an extended third in the process of unfolding now.
I've bee trying to come up with a contrarian bullish idea on EURUSD since this morning but just could nt! Italm,you see,I am a proper biased here! divergance on all time frames.
this is going to be VERY interesting to watch! and a big lesson for me!
That second A-B-C you have could be a series of 1st and 2nd waves to the upside, with an extended third in the process of unfolding now.
Yes, possibly. That would hold with my view on oil and dow, short term, but not with my cycle count. Am not excluding it. If this is a diagonal we should see at least one more new high.
The chart says it all. Multiple spike highs that have not held gains and declining momentum. Now a double top at the 1016 level. If the market can take this high out and close above it, it becomes major bullish for now. If we close lower today we have a very negative setup IMO.
Justy or anyone khows,can you please help me to make sense of this.
You loss 10% so you need to gain 11% to break even
you loss 20% you need to gain 25% to BE
You loss 40% you need to gain 67% to BE
You loss 50% you need to gain 100% profit to get where you started?!
I've bee trying to come up with a contrarian bullish idea on EURUSD since this morning but just could nt! Italm,you see,I am a proper biased here! divergance on all time frames.
this is going to be VERY interesting to watch! and a big lesson for me!
let's see.
Eur/Usd
Mike3
Italm is saying trade with the trend in his post yesterday ? .......... ok
So , where is the trend in the Eur/Usd pair right now ?
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Originally Posted by qsx
Reply With Quote
