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MeInGraySuit replied Mar 12, 2013I don't know how you guys read 1min charts, too much noise for me...more power to you!
Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013Yes that is what they normally do...hard to make since of this probably a wxy pattern but I haven't figured it out, also this wave could be wave E of a larger expanding triangle. Sitting on the sidelines for now!
Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013If we fall hard here, could signal wave 3 down, need momentum. Not like yesterday!
Still made 20pips...Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013If we go down from here, good Head Neck Shoulder formation to the downside.
Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013Still a possibility...if we break above E we will be going higher. Wave C still bothers me it doesn't feel like a 3 wave but a 5 wave need a 3-3-3-3-3, so could be going higher.
Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013Except for C looks like a 5 wave...I will wait.
Trading EURUSD only
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MeInGraySuit replied Mar 12, 2013This is why you put your stops in the money when you can...is this an ABCDE correction?
Trading EURUSD only
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MeInGraySuit replied Mar 11, 2013Yes market is still in a stand still, will be careful but I think our bias is still short. But if the next 4 hours trades choppy I will readdress.
Trading EURUSD only
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MeInGraySuit replied Mar 11, 2013Hopefully we will get a good fall off in the next 4 hours, that would definitely signal a typical wave 3 characteristics.
Elliott wave outlook
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MeInGraySuit replied Mar 11, 2013If this is indeed the end of 2 of 5 then 3 of 5 is at least 100% of 1 which puts us at .28738 and if it is a usual wave 3 we are looking at 1.618% which puts us at 1.27631
Trading EURUSD only
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MeInGraySuit replied Mar 11, 2013If this is indeed the end of 2 of 5 then 3 of 5 is at least 100% of 1 which puts us at .28738 and if it is a usual wave 3 we are looking at 1.618% which puts us at 1.27631
Elliott wave outlook
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MeInGraySuit replied Mar 11, 2013Could stall for a bit. Should have one more wave up.
Trading EURUSD only
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MeInGraySuit replied Mar 11, 2013Lovin it!!! Closed my scalp...waiting for .30445 for short entry.
Trading EURUSD only
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MeInGraySuit replied Mar 11, 2013That is what I am looking at. .30445 is my target! 50% Fib
Trading EURUSD only