tradingwizzard

)...will post the situation updated for the previous month and you can spot it TW

November trading starts here Trade nr.1 Going LONG EURUSD here in 1.3493 for 1.3550 tp and 1.3380 sl negative rr ratio here but it's a risky business

"If Elliott found 7 waves up and 4 waves down would you be just as determined to confirm that?" this is the question you want me to answer? call me stupid, but I don't understand what you mean TW

hi there, I don't want to go into a whole discussion related to corrective waves, but this one looks to be corrective, and, speciffically, a flat........time element is respected, structure is respected, b wave is the more complex, c wave takes less time, the structure of the whole pattern is 3-3-5........meaning new highs to come........ now, are these highs to come straight away? ....we don't know, as this corrective pattern (the flat) may be part of a complex corrective pattern (like a double combination, or triple combination, or double or triple three, etc)........ however, the real question is are these highs to come eventualy? Well, the answer is YES. This looks like a corrective wave and by the time it will finish price will break higher. Regardless of the fundamental reason. If any. TW

hi there, to me on the weekly chart there it seems to be a flat, and this one is poised to break higher TW

I know, I know, thing is I am a real fan of technical analysis....I do think (and trade) based on human behaviour and take time into consideration.......not Gann or anything, but, as far as my IQ goes, I seem to keep a steady line and be profitable.......in the end this is all that matters this pattern Neely shows us here, is a pattern I use in my analysis all the time, on lower time frames of course, like 1h, 4h, etc,.......and it is coming through!.....so.......don't want to be the one who is not considering fundamentals, cause I do, it brings volatility to the markets......but Neely did know something about fundamentals to come when charting this? ...no..... if you look back on ANY chart bigger than daily and see the ups and downs price made through the years, can you pinpoint the FUNDAMENTAL reason that was there?....the answer is no so regardless if it is Europe, Lehman Brothers, 9/11, Greece, Italy, etc.....in the end, technical analysis prevails TW

hi there, nice meeting you....I am sure you'll have various opinions here...welcome TW

what did he knew back then about QE??? .....regardless the reason, here we are about to test 16 k ....

Trade nr. 30 Going LONG EURUSD 1.3627 sl 1.3480 tp 1.3830 everyone is selling......I'm buying:cool:

Trade nr. 29 Going LONG EURAUD here in 1.4360 with 1.4260 sl and 1.4996 tp still bullish on higher time frames

Hi there, No problem. I take care at any moment of time not to be invested more than 30-40% of the account. TW

Trade nr. 28 Going SHORT USDJPY here in 98.25 sl 99.68 tp 93.90 C wave of a flat should come based on the daily chart analysis

closing the trade here in 1.0483 for another +47 pips profit:cool:

closing it here in 0.9446 for a nice +50 pips profit

this is how I go into FOMC statement....+401 pips booked so far this month and having still some open positions there

Trade nr. 27 Going SHORT EURGBP here in 0.8561 sl 0.87 tp 0.8289 five waves down corrected with three waves up mean entry signal in my book....daily chart

no signal in 3 days? TW

closing it here in 1.6035 for +70 pips profit.......booking profits, booking profits......October....such a giver:cool:

Bearish/bullish engulfings USUALLY are being followed by late bulls/bears trying for the highs/lows.......not seeing that yet, so I'll hold my breath TW

I'm not saying anything......of course it will not go in a straight line for God's sake.......remember 2008 crisis when Dow dipped that much? ....it was a time to buy......not saying here we're going rocketing to the moon, but pointing the direction.... everytime I will see on the news indices made a new all time high, I will just bring back this thread with the question.........anyone? I guess only Buffett is thrilled TW

closing the short here in 1.3745 for a nice +60 pips profit

Trade nr. 26 Going SHORT EURUSD here in 1.3805 for 1.3568 tp sl 1.3915 corrective wave to the downside implies a lot of pullbacks, and this one needs to be sold

stocks rise to fresh record high, yet again. 100K ....anyone?

Trade nr. 25 Going SHORT AUDUSD here in 0.9496 sl 0.9625 tp 0.9217 Impulsive move just started to the downside on the 4h chart

closing the short here in 1.3762 for a nice +50 pips profit