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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Sir Ignore
United States
Posts: 3068
11 years ago
Sep 4, 2013 18:58
In reply to DaveO's post
sweet Dave..howver taking 1/2 off here at 3206 on 3156 long..with stop at 3190 on remainder..

staying inside the fog lights..
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 4, 2013 18:44
EU completed W.3 down at 1.3137 so W.4 up now in progress which shouldn't exceed 1.3300 territory. W.2 was a simple 3 wave zig zag so W.4 should be a complexed pattern--- probably terminating in the area of 38.2% 1.3240 to 50% 1.3273 or 61.8% 1.3305. W.4 corrects the W.3, not the entire move down. Once the 5th wave down is completed we correct the entire 5 wave sequence. Important to use fibs accordingly.
Sir Ignore
United States
Posts: 3068
11 years ago
Sep 4, 2013 16:52
In reply to Sir Ignore's post
3156 L. stop to 3196 for partial take off.
Sir Ignore
United States
Posts: 3068
11 years ago
Sep 4, 2013 14:58
In reply to Sir Ignore's post
stop to BE...

can't catch waves today..
so it's profiling on da beach now..

seeking da beach fox..

currrent 3176
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 4, 2013 14:06
In reply to Sir Ignore's post
good morning not so miscellaneous skipper whose methodology is made clear for all to see :-)
Sir Ignore
United States
Posts: 3068
11 years ago
Sep 4, 2013 13:54
In reply to DaveO's post
good morning from a miscellaneous surfer/trader....

perhaps eu tryin to make a punch north..

got da long fm 3156.....
Sir Ignore
United States
Posts: 3068
11 years ago
Sep 4, 2013 13:54
In reply to DaveO's post
good morning from a miscellaneous surfer/trader....

perhaps eu tryin to make a punch north..

got da long fm 3156.....
Qingyu
manchester, UK
Posts: 1763
11 years ago
Sep 4, 2013 13:24
In reply to DaveO's post
my event drive trading just happen in recent weeks. as u said, fundi keep changing and less helpful. UK data unbelievable good, very less chance got wrong guesses.

my EW reading works well on intraday chart, but i still cant make solid reading on months long frame. so in long term i usually use fib but not EW, and use fundi predict direction.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 4, 2013 12:23
In reply to Qingyu's post
The downside for awaiting major news events before entry is that you miss a large part (or all) of a wave move. The beauty of EWA is when your count is correct the move almost always precedes the news or the news further benefits your position---or the news coincides with your predicted wave ending--uncanny. The challenge is to get a highish proportion of the counts right.

I am not advocating jumping into a trade just before a news announcement but if we are talking about one to several days of price action I personally would not hold back to await a future news item. Also the market often reacts illogically to news events so traders who knock EWA should think about this--never underestimate how dumb the market is capable of being.

EWA provides very clear trading parameters within which it's easy to employ a disciplined trading methodology.

Not easy communicating in a forum which is watched by a wide variety of different traders using different timeframes and different methodologies. This forum has to be one of the least focused on the planet and the host man is almost never present. His premium service subscribers feel unable to post here for obvious reasons. Thus the forum does not work for paid subscribers but provides a social meeting place for miscellaneous traders who do not wish to get tied into anything specific :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Sep 4, 2013 0:22
Most the time the eurgbp is not a good pair to trade when we have so much other choice--imho. Ideally you need to be running currency strength charts to gauge the EG pair.
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