I do not go by the hourly chart, because it is distorted an unreliable as I said.

Elliott Wave Trading

Updated Trading Method — This attachment is an updated version of my trading method, with a short addition added on risk management examples, and a section on Forex Brokers. I will have another updated version later tonight. You can also view ...

Desert Island Trading Journal

Wave 3 is in progress of a 5 wave trend.....or a wave c of an ABC correction. I am for wave 3. Either way, we are in a down trend.

EURUSD

Journal update — For all those interested in my analysis on this pair, as well as the currency market in general, see my updated (today) trading method under Desert Island Trading Journal.

EURUSD

By the way, I was referring to sibajnok's comments about the downtrend appearing to be at an end.

EURUSD

Okay, so I am busy with something else.....bit I was very intrigued by this response. The "slight retracement" I am referring to are the bulls trying to gain between 50-100 profits on a hourly or intra day basis. I am NOT referring to the downtrend. ...

EURUSD

My last post until tonight on here. A few words of wisdom.........do not be fooled by a slight retracement on an intra-day or weekly basis. The market always retraces a certain amount of its profits before continuing a trend such as this one.

EURUSD

Furthermore.......Buffet does not come out all the time saying..."Yes, I am trading against or for the dollar." You need to be careful with people like Buffet, because he is a major player with insider knowledge.....it is very tricky to call the ...

EURUSD

Buffet may be trading against the dollar with many other billionaires.....just a thought. I am not going to look long just because Warren Buffet says so. There are many things to consider here, technically as well as fundamentally.

EURUSD

Exactly. Please carefully follow my journal to understand this more. I will be regularly updating my trading method as well, which is where most of the day traders on here should be able to see their mistakes.

Trend Trading All Pairs

By the way I meant nicely done about not going long.....the other information reflects day trader methods to me.

EURUSD

Nicely done.....I'm out of here for now, but I have been reading your posts carefully. Do you trade on the longer time frames?

EURUSD

I believe you said some of us are lunatics but you are the one looking at the one hour time frame. Start with the longer time frames. Learn how to read your charts. Anyway....enough arguing. Let's stay positive and work together here.

EURUSD

Everyone who has posted here from three hours ago on in is mistaken. If you count waves from the smaller time frames up the patterns will often be distorted and most likely wrong. You need to start on the monthly chart first then go down to the ...

Trend Trading All Pairs

The debt figures are overrated, and the unemployment rates will lower. Also, whether the U.S. ever repays those debts or not, the economy will continue to strengthen, and remains in my opinion the most credit worthy country in the world.......I ...

EURUSD

Excellent!!! — This is the first chart posted that I can recall, which corresponds exactly to mine on the monthly. I have been trying to help everyone see this since last night. Kudos on your ability to interpret the charts! The .9XXX numbers ...

EURUSD

Fundamentals show the U.S economy strengthening......elsewhere there is trouble. However, it could very well be temporary. I think not though, and I am looking to ride this down as a wave 3 (others may see it as/ or it may be an ABC correction down.

EURUSD

Where is your analysis coming from for the idea that the dollar is dead? Don't call people lunatics if you do not understand what is happening. Are you a day trader? The U.S economy is strengthening by the way, but I'm sure you already know that.

EURUSD

There is always a possibility. We will all just have to wait and see, although the down trend is clear.

EURUSD

Basitata.....I sent several responses to your question about this pair. Did you receive them?

EURUSD