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What is the first thing after registering in myfxbook?

Yohana (yohana)
Feb 23 2014 at 10:00
95 posts
Hi Ardit,

My friend who have same style with you published an Elliot roadmaps for EUR/USD,
you may check it out, and share.

Regards

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The weakest creature in the world is a human. It's a reason why the human always develop anything to make them stronger. I am here is just for share, not teaching anyone :)
ArdiFX (ahuruglica)
Feb 23 2014 at 19:05
852 posts
EURGBP trade Idea posted above is reactivated. Wave count is still valid so take opportunity to short on asian session at 0.8270 (or as much near as possible). With same stop and targets.

Yohana I don't have acess at chars right now so I will post my EURUSD count later. My experience on EURUSD the last few months was little harsh so I decided to stay away for a bit. In short words, I'm bullish short term eurusd and bearish on longer term.

I'm tracking S&P500 and DOW to get a sense on EURUSD also market sentiment. Indexes are still bullish so it means that EUR will appreciate vs USD. Also retail traders are heavy short EURUSD which supports my bullish bias on short time frame, next 1-3 months. As you might know, indexes are on record high so that a market crush is coming, it's just a matter of time. So we will see a 'risk off' theme and extreme moves on EURUSD.

Also markets was calm in relative terms in 2013 so many EA-s were profitable. In a few months we will see shift on market sentiment a some fast moves. I't is going to be very bad for EA's and better for manual traders.

minagre
Feb 24 2014 at 17:39
26 posts
Hello,
I apologize my stupid question, but, ok, I am studying also the Elliott Wave theory, but, how come do you calculate exactly the waves and the levels? do you have a special tool?
Maybe I missed something, excuse me in advance and thank you for your precious time.

ArdiFX (ahuruglica)
Feb 24 2014 at 19:26
852 posts
There is no such a thing as a stupid question, my friend?

No I don't have a special tool, only some brains and experience. I'm not a fan of fancy indicators, or any indicator in particular. All indicators are driven by price action, why trade based on indicators and study on them, when I can study price action and trade on it. There is only one true support and resistance indicator, it is Fibonacci sequence and ratios. There is some universal underlying truth about it and it works perfect on the markets.

I try to simplify the over complexity of the markets and trade only patterns that I recognize.

ArdiFX (ahuruglica)
Feb 24 2014 at 20:35
852 posts
Dear @yohana

I have a slightly different view on EURUSD than EW Roadmaps. I don't think it is in impulsive 5 waves because on shorter time frame wave structure does not support that view. It is rather a Zig Zag formation and it has enough bullish momentum to make new highs.

My view is that it can make a deeper dip to finish wave ((X)) then make a new high. That way it will break trend line support and deceive traders that the trend has reversed the make new high. As per alt. view wave ((x)) has already happen and it will respect trend line support make a new high. Both views are valid.

As I stated above, I am avoiding EURUSD for some time.



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ArdiFX (ahuruglica)
Feb 24 2014 at 20:47
852 posts
EURGBP short entry got filled, waiting for the firs target to get hit and bring us some joy :)



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ArdiFX (ahuruglica)
Feb 26 2014 at 15:06
852 posts
First target filled on EURGBP +60 pips

Let profits run. Will notify if I decide adding to short possition.

ArdiFX (ahuruglica)
Feb 27 2014 at 07:24
852 posts
SL trailed to 0.8255, additional +15 pips locked.

ArdiFX (ahuruglica)
Feb 28 2014 at 16:16
852 posts
ahuruglica posted:
Dear @yohana

I have a slightly different view on EURUSD than EW Roadmaps. I don't think it is in impulsive 5 waves because on shorter time frame wave structure does not support that view. It is rather a Zig Zag formation and it has enough bullish momentum to make new highs.

My view is that it can make a deeper dip to finish wave ((X)) then make a new high. That way it will break trend line support and deceive traders that the trend has reversed the make new high. As per alt. view wave ((x)) has already happen and it will respect trend line support make a new high. Both views are valid.

As I stated above, I am avoiding EURUSD for some time.




What did I say about EURUSD.

Yohana (yohana)
Feb 28 2014 at 16:39
95 posts
ahuruglica posted:



What did I say about EURUSD.

Dear @ahuruglica

You have a beautiful trading style, actually I interested in. Really.
But till now my brain cannot accept another strategy, insufficient memory 😁
because I have effort for many years to find out
what's 'catch falling knife' strategy by support and resistance.

Meanwhile, I won't stop learning, even from your projection.
Keep sharing.

Thanks,
Yohana

The weakest creature in the world is a human. It's a reason why the human always develop anything to make them stronger. I am here is just for share, not teaching anyone :)
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