Wave counters: some of us here attempt to count Elliot Waves and I try (I do try) to compare them to MyWaves, which are my own reductive spin on this and delta wave methodology. Based on what we are interpreting, we think the updraft is somewhat tainted and has a dark side to it - that being a strong move down. I do not really mind whether it is a strong retracement in a bigger move up or a follow on of the drop from 1.3384, but betting on 'up' is not in my sights irrespective of the continued move. Having said that, I have no monolopy on interpretation at all, so good luck to us all!
thank you now i understands you!
as far as EW theory concerned i quit using it along time ago, why? because EW really dont work "well" on currencies. EW work well on gold silver stocks bond but to my experience while specially trading currencies so many invalidation on every time frame. i do use EW but to take general idea where the market headed, after so many years in this trading business im more of a pattern/momentum trader with simple proven stretegies
thanks
Wave counters: some of us here attempt to count Elliot Waves and I try (I do try) to compare them to MyWaves, which are my own reductive spin on this and delta wave methodology. Based on what we are interpreting, we think the updraft is somewhat tainted and has a dark side to it - that being a strong move down. I do not really mind whether it is a strong retracement in a bigger move up or a follow on of the drop from 1.3384, but betting on 'up' is not in my sights irrespective of the continued move. Having said that, I have no monolopy on interpretation at all, so good luck to us all!
as far as EW theory concerned i quit using it along time ago, why? because EW really dont work "well" on currencies. EW work well on gold silver stocks bond but to my experience while specially trading currencies so many invalidation on every time frame. i do use EW but to take general idea where the market headed, after so many years in this trading business im more of a pattern/momentum trader with simple proven stretegies
thanks
Well that is great. We all got our journeys past and future and I keep hanging around this forum to learn as much as I can. Never ending though!!
for example we are in good nice up channel look at the chart how im looking it right now
I want to see how price looks down at 1.3104 - just interpretation of the same info. I posted the channels I am playing earlier today and they match your's, but my methodology is different at present. I trade against high MyWave counts because that seems to work for me. In reality, I am actually trading against you - I am the seller and you are the buyer. As long as we both make money by you getting out and letting me have my cake too, we can all be friends!!
look on this chart closely how im looking closing now because something happening fast, if you look down on the chart you will notice macd near its resistance line i want to see if this resistance keep prices down or we see break of resistance line on the macd
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
I want to see how price looks down at 1.3104 - just interpretation of the same info. I posted the channels I am playing earlier today and they match your's, but my methodology is different at present. I trade against high MyWave counts because that seems to work for me. In reality, I am actually trading against you - I am the seller and you are the buyer. As long as we both make money by you getting out and letting me have my cake too, we can all be friends!!
lol i m neither a buyer nor a seller, i sell when "i" see selling coming and i buy when my system/game plan says ok time to buy, now im cautiously watching price it will take just a second to reverse my position from "buyers" to "seller".
and to tell you this for this trade im currently in from 1.3122 my stops are just under your mentioned prices 1.3104, INTERESTING SCENARIO
I want to see how price looks down at 1.3104 - just interpretation of the same info. I posted the channels I am playing earlier today and they match your's, but my methodology is different at present. I trade against high MyWave counts because that seems to work for me. In reality, I am actually trading against you - I am the seller and you are the buyer. As long as we both make money by you getting out and letting me have my cake too, we can all be friends!!
I'm friends with both of you.. I'm a buyer and a seller.. have been a buyer and now waiting to shed last loner buys for a sell.. I need a move into 324X to hit sells........
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
for example we are in good nice up channel look at the chart how im looking it right now
We possible are in a good up channel .. The reason to be cautious is the steepness of the channel and while the price can still stay and act bullish sudden ground loss due to air pockets are still highly likely...
I have redone the 4 hrs you have and added a blue sword to it.. then pretty much explanation within the chart.. Euro has to move higher and has to do it sooner, else risk is to the downside.. Blue sword is catching up with the price action...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
I see 3193-3199 as supp so selling under 3210 is selling rt on to the supp.. 3230 break is there at 3225 but bigger meaner resis is rt around the corner starting from 3245 and then much better one at 3255-59.... I'm finding it hard reading your chart but pretty much this is what i have for supp and resis from where we are at the present..
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
We possible are in a good up channel .. The reason to be cautious is the steepness of the channel and while the price can still stay and act bullish sudden ground loss due to air pockets are still highly likely...
I have redone the 4 hrs you have and added a blue sword to it.. then pretty much explanation within the chart.. Euro has to move higher and has to do it sooner, else risk is to the downside.. Blue sword is catching up with the price action...
GL..
look from another angle' this is hourly chart the down trendline on macd already broken no bearish divergence to me momentum confirming the up prices
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Originally Posted by Clivewaverider
