Posts by "daveo"

Chloe I did 3 trades on the gbpusd 3 wave move down from the 6300 high. 2 shorts and one long. The last short I exited at my 100% symmetry target which also coincided with a titch below the 55MA for 98 pip move. I reversed long but lost confidence in what I read to be a potential wave 4 correction up so exited far too early and missed the great move up today. Mind you I was grappling with a graphics card prob and ordering a new pair of nvidia quads.

Right now the pair on daily chart has potentially a classical 3 wave ABC corrective with perfect textbook symmetry at the 5836 low. For me a move above the 6183 pivot high would likely lead to new highs. The eurusd pair has very unhelpful pattern from my perspective so I am currently more interested in the eurgbp. Let's see what guidance Ashraf has to offer us for an added fundamental bias :-) and gt to you chloe.

The eurchf H&S idea did not trigger a short. As you said catnip H&S does not always play (plenty do) but this one was invalidated long before any short was triggered. All H&S's are only potential until price breaks the required direction to validate.

I think Ashraf's comment today will be valid ref binary interpretations likely to prevail for the DX. Things could become a little more challenging.

lucky, its an aggressive clique in here and some high egos as always ! Best to avoid any reference to religion whatsoever.

All forums need a code of practice and this one lacks the benefit of any guidance in this respect. One of the things I dislike about this forum is traders making calls without any substance, like what they are using to support their S&R's or entries, exits etc, or whether they are purist fundamentalists with no use of technicals for trade management. To make a call or opinion without relevant reasons why has no value other than to possibly feed their own ego :-)

Ashraf has explained it is not in his job terms of reference to get involved in trade management but all this needs to be written into some kinda forum code doc. Failing this we can expect the bickering and off-topic to continue.

chart astrology tells me that W.5 was = to W.1 at 1334. However the pattern on 60min T/F does not yet look complete. Needs a minor correction up followed by another move down to complete this leg.

Ashraf, re your eurcad weekly hotchart my 55 WMA is higher than your's at 1.42 as of today, 17 year data on my chart.

The 38.2% level was also clustered with an important 100% symmetry target (1.4305) on the 3 wave potential corrective move up from 1.2450 low.