I've attached a couple of charts to show my calculations. It is easier than trying to explain it.

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Hi Bumasoft - allowing my Elliott wave tendency to rear its ugly head again, I think the turn - if there is one - will be a bit higher. Maybe around the 13030 area. This isn't anything to do with supply and demand, it is more to do with the rule ...

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Yes I've seen other people posing that question and discussing the conundrum. But I never considered it to be that important before as I concentrated on the highs and lows for Fib analysis and Elliott wave. So do you not look at 4 hour bars at all? ...

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Hi Red Cabbage - yeah I'd like to have them set to GMT but Metatrader doesn't have the facility. I understand it's all to do with the local time of the broker you download the package from and mine seems to be set at GMT +1. Funny, you'd have ...

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Red Cabbage - I went to his site and found a whole list of webinars. I don't know if it is all of them but there is enough to be going on with. Thanks again.

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Thanks for posting the charts. My 4 hours candles don't look the same as yours. Both of mind look doji'ish and, if anything, the Euro/Yen looks the more severe. This due to time differences in data I guess. Anyway, thanks again for the help. I'm off ...

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Well I looked at both the Euro/$ and the Euro/Yen for the corresponding spikes yesterday and, on the 4 hour chart, they look basically the same to me. It's not until I went down to the 5 min chart on both that I saw the real difference - what was ...

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Red Cabbage - found the videos on FX Street. Thanks for the tip.

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Well done. Brings back a few of the pips you lost on the CAD trade.

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Red Cabbage - thanks for that. Yes you are right about BRV saying he didn't take all of the trades he could; I recall reading it. So it's back to the .pdf for me! One last thing, what are the 'Sam Seiden videos'? Will I find them on Google?

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Bumasoft - before I give you my opinion on your comment. I have a confession to make. I am.....................an Elliottician. A double edged sword that cuts me more often than I servers me. But the problem is, once you acquire the ability to see ...

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Yeah I can see the logic in that but..................... Looking at the chart action since yesterday, wouldn't it be reasonable to think that all the short players who entered the market at 11945 the first time around have since got out and may now ...

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So you don't think the level will hold and the market will blow through it. Or the level is too vague for you to want to guess where to enter?

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119.45 was about where I was looking too. Red Cabbage - why wouldn't you trade it?

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Bumasoft - where do you get the 119.20 from? Or are you just giving the market a bit of room to undershoot?

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Willowgal - I think I'm going to have to take a closer look at it. From what you said yesterday I think you and I are similar. We both want to trade, and we want to trade NOW! One more question - by 'Market Watch ticker' do you mean the tick chart ...

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Anyone looking at the Euro/£. Looks to me like it is approaching a buy around the 9240/60 level. There is quite a long term support level, a 38.2 retacement from 9518/8843, a 100% extension of the recent down move 9518/9338 and, if that's not all, ...

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Hi Gareth- I got your pm but the system won't let me reply. I'll need to contact admin to get them to sort it out. I'll get in contact as soon as I can.

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I like this method! — Ive just shorted the £/Yen at 12770. I've just taken off half the position at 12741 and let the other half run. It's just a shame it is a demo account!! Hi Willowgal - how is the weather all the way over there in ...

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Orcus - I'd say at a rough guess it is from the 11313 low on the 27th?

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