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RamsesII replied Nov 13, 2011where have you labeled 3, i have labeled i of 3. Also from the top it's 1 or A and 2 or B.
EURUSD
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RamsesII replied Nov 13, 2011Price: 1.3805 waiting and watching for a pullback and a move into the 3820-3840 area to short for much lower
EURUSD
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RamsesII replied Nov 13, 2011i posted this in eur/usd thread but what you do bastards think of this ? 19:1 r/r is what im seeing if we drop down to that 1.3360 area...
The Really Useless Thread
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RamsesII replied Nov 13, 2011My idea, confluence of the two trendlines would be the ideal spot to short with tight risk (25 pips) looking for those trendlines and that big resistance cluster to smack it down a few hundred pips... With an entry of 1.3840 and 1st TP of 1.3360, ...
EURUSD
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RamsesII replied Nov 13, 2011For bears, what we'd be expecting next week is sharp drastic moves only... If we start chopping away sunday/monday/tuesday i'd look to cover some shorts. I'm in this for the strong impulse down only!
EURUSD
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RamsesII replied Nov 13, 2011Kiyani, I've been in your position of allowing trades to draw down pretty deep, and sweating losers is not what you want to be doing. Cut your losses when you can anticipate better entries. Do you use RSI in your trading? I'd keep an eye on major ...
EURUSD
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RamsesII replied Nov 12, 2011The market can do anything at any time which means no trade has 100% certainty, but if you can identify scenarios that haver a higher probability of working out and apply proper risk/reward tactics, the money is there to be made.
EURUSD
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RamsesII replied Nov 12, 2011If this plays out like a perfect 5th wave of an A-B-C correction, then there should be two more highs. Areas of interest are the 1.3800-1.3858 range. Many levels can be played here with varied risk. Don't forget about euro's notorious failed 5ths so ...
EURUSD
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RamsesII replied Nov 11, 2011Above 3858, the following elliott wave count will also become invalid.. with the c wave thrust from the b playing out nicely.. risk is clearly defined on this trade..
EURUSD
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RamsesII replied Nov 11, 2011while we did close above that trendline, i don't think it starts making sense to be bullish until at least 3858 is taken out and we close above the bull channel trendline.
EURUSD
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RamsesII replied Nov 11, 2011yea the potential is there for a runner, let's see how she plays out
EURUSD
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RamsesII replied Nov 11, 2011anyone a fan of RSI? looks like the trendline is holding and support was broken and retested..
EURUSD
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RamsesII replied Nov 11, 2011We've now broken and retested a daily/weekly trendline and also have broken from a bearish consolidation pattern. The possibility is there for this move to be just a very sharp correction leading up to a very steep decline. I'm playing for this ...
EURUSD
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RamsesII replied Nov 11, 2011to be honest i was more intersted in shorting this move than actually buying... putting some risk on here with a smaller account on the top of this move for the short side, let's see how she rolls! here's my live account im playing with url
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
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RamsesII replied Nov 11, 2011what a move today... looks like there could still be room to the upside... update: image
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
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RamsesII replied Nov 11, 2011this is essentially the inverse of euro but looks better technically
EURUSD
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RamsesII replied Nov 11, 2011think we could see a bit of a pullback from this move , where i'll look to short as shown in this chart
USD/CAD
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RamsesII replied Nov 11, 2011took a bit of a beating today haha just barely hit my goal of 10% for the week... url
The Really Useless Thread