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tradingwizzard
Market Wizard-
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Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
Trade nr. 3 Going SHORT EURSD here in 1.3565 for 1.3428 tp sl 1.3610 coming back shortly with the explanation -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
Trade nr. 2 Going SHORT EURJPY here in 132.84 for 131.00 tp and sl 134.32 head and shoulders on the 4h chart......will post the chart in a bit -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
ok guys, starting with October here Trade nr. 1 Going LONG AUDCAD here in 0.9688 for 1.0000 tp sl 0.9563 trade is based on the last inversed head and shoulders pattern I posted on the head and shoulders thread -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
no, no....Iike the noise..... TW -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
I agree with you there but there's a catch...I never enter a trade without having a positive rr ratio, but currency markets are volatile and depending on what is happening (for example now with the Italian government, etc), I may decide to exit trades earlier than expected....and so the rr ratio is compromised....is that wrong? TW -
Head and Shoulders
tradingwizzard replied to tradingwizzard's topic in Introduction to Technical Analysis
possible inversed head and shoulders pattern in audcad here in light of Canadian GDP and RBA cash rate decision......neckline broken, re-tested..........moving higher should begin with parity in sight -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
hi there, I'm not quite sure I understand the question here......you talk about rr ratio or? TW -
hey mits, negative interpretation of what Elliott really means......in this way I can paint a negative picture on any trading strategy is I were to outline only the drawdowns........try to balance it a bit and you will see it's not that bad actually TW
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Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
......big enough to make me happy.......the important thing is to be on the right side of the market and it shows Elliott (as this is what I use mostly) still has a thing of two in trading........let's see what October brings...... a short forecasting if allowed: eurusd to break previous 1.31710 highs gbpusd to reach at least 1.6430 level eurcad to move above 1.40 in a big way and target 1.48 ........let's see what market makes out of those above in October;) -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
indeed......it seems like a double combination with a zigzag and now a contracting triangle......if this one breaks higher then I don't wan't to own usd for years to come (probably decades) TW -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
September updated.......+426 pips booked so far....only one in bad shape is cadchf but even if SL will be hit it will still be a positive month......coming after +400 in July also.....I would say it is not bad judging by my standards -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
booked +426 pips this September so far.......the only one that not going to the plan is cadchf long trade.......but still having patience with it......will post the updated situation soon -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
closing the long here in 1.4405 for +32 pips profit.........end of month coming and just closing the trades....going light into October -
also a possible inversed head and shoulders there in the makings....will post it on the dedicated thread soon TW
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Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
closing the long here in 1.6359 for +141 pips profit.......long live the Euro:haha: -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
eurnzd back in profit......what a difference a day makes -
Head and Shoulders
tradingwizzard replied to tradingwizzard's topic in Introduction to Technical Analysis
nice setup for a possible inversed head and shoulders pattern on the gbpnzd daily chart and the measured move of this one is quite high....it remains to be seen if it's going to be validated by markets -
Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
Trade nr. 19 Going LONG EURUSD here in 1.3514 for 1.3710 tp sl 1.3386 breaking out of that contracting triangle on the daily chart implies previous highs are going to be broken will post the triangle a bit later -
get an aspirine TW
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Introduce Yourself Here - Don't Be Shy!!
tradingwizzard replied to trading4life's topic in Beginners Forum
Hi there and welcome, maybe opening your own thread and telling your trading experience will be more appropriate? ... looking forward to hear it TW- 2024 replies
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maybe he's earning more in this way and it is taking less time and stress then trading does......why not? what is wrong with that? TW
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well, no offence intended but I do believe that only the one that is not understanding or not knowing Elliott enough makes such statements...I am not an expert, but I trade many years now on Elliott....and please don't tell me it's not profitable as I am the living proof
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easy to talk, hard to do it.....come on!
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hey mits...great post, really....not asking anybody because this is what I do ....trade with Elliott..no kidding.......check my Live thread and see if I am ok or not....anyways, I got your point of view and I think it is valid, but, on the other hand, looking for 100% certanties will just waste your time..couse something like that don't exist...wo I would say Elliott has pretty good chances..
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I really like your article......I edited a bit in order to avoid the advertising you were making and I am telling you this because, again, I really like the topic... I said on a different thread that regardless how controversial binary options are, they offer a trader (a diversified trader) discipline in the sense that if your option is not expiring in the money, there you go, your stop loss is hit........and in a binary option trade there's no way out........whereas in foreigh exchange you can change your mind and hope/pray/wish for something to happen when chances are close to zero..... again, please develop the thread without advertising and this would be a hell of a thread TW
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