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tradingwizzard

Market Wizard
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Everything posted by tradingwizzard

  1. tradingwizzard
    Trade nr. 1 - Going LONG gbpusd here in 1.5582 sl 1.5400 tp 1.5944 as you can see from the chart attached, I am actually looking at a double three running for this pair, and, funny enough, it is the same pattern on the eurusd as well.....entering now as this week we will most likely break the current summer trading range with ECB, BOE and NFP on tap first trade of September here.......comments are welcome, as usual...good luck everybody
  2. tradingwizzard
    I really don't understand those bats, crabs, etc patterns, as they all look the same to me.......Gartley makes more sense on the same patterns, so why mix them up like that? :crap:
  3. tradingwizzard
    Actually it was Marocco....and no penguins what so ever
  4. tradingwizzard
    maybe it's a bit late, but here's why I would do: any trend line that is broken is the subject of a fake break..........in order to avoid that, one should wait for the next swing, and then just draw two horizontal lines (one at the previous lows in your chart, and the next one at the highs before the swing)....if the highs are taken, then the new trend line is the true one, and you should connect the recent lows with the last low price made with that swing......if the lows are taken, then the new trend line to the downside should be drawn from the absolute highs in the top left of your chart and through the new swing's high......quite simple, isn't it?
  5. tradingwizzard
    as far as I understood, in order to justify the current capitalization they need to sell a hell of a lot cars.....quite difficult for a company whose main product is looked to be exotic.......it remains to be seen:(
  6. tradingwizzard
    hi Mits.....long time no see.....anyways, my experience with fractals is not that positive as one might think.....so a proper understanding of the concept would most likely be usefull then just labeling from 1-8 blue and 1-8 red........visuals always help, but anyways... to answer this thread, and I will start one in the days to come, this is AS BULLISH AS IT GETS......to quote the famous movie with Jack Nicholson..........yes, this is a bull market, but I don't think it began now.....we're just in the middle (early beginings) of it
  7. tradingwizzard
    hi bob, holiday over, back with more strength.......will start September with new positions
  8. tradingwizzard
    another example trading successfully doesn't necesarily has to do with education
  9. tradingwizzard
    hi Harry, welcome, please feel free to check out old threads....I am sure you can find interesting stuff there.'... CFD's?.....why on earth would that be preffered?
  10. tradingwizzard
    placing a pending buy stop pending order for aussie according to the chart attached.........sl should be 0.9006
  11. tradingwizzard
    cutting the cadchf short here for -27....placing a pending buy order at 0.8950 for 0.91 tp sl 0.88
  12. tradingwizzard
    come one....look at the posts...each post sounds like this "GOING LONG HERE (this means at the market!), then I give the value, FOR this TP (take profit) and this SL"..........so you have all the information needed. as for the charts that come to explain, like the one in euraud, it was a nice rising wedge and just respecting the rules of a wedge, in terms of proportions, this trade was made.....I even explained that at the moment I uploaded the picture...... all the elements you are asking for are already published......read posts more carefuly please........ btw....I should give you a beer since you're the first to answer to this thread......the other are just watching I guess??
  13. tradingwizzard
    euraud long trade reached tp level for a nice 102 pips profit
  14. tradingwizzard
    Trade nr. 16 GOING SHORT EURUSD HERE IN 1.3252 SL 1.3300 TP 1.3166
  15. tradingwizzard
    PLACING A PENDING BUY FOR NZDUSD AT 0.7950 FOR 0.8300 TP SL 0.7623 that should be it for today
  16. tradingwizzard
    Trade nr. 16 GOING SHORT NZDUSD HERE IN 0.8026 FOR 0.7980 TP SL 0.8110
  17. tradingwizzard
    here's the situation right now......+101 for the month and having 3 open trades.......tempting to jump back into the kiwi long, but will wait for a bit more
  18. tradingwizzard
    Trade nr. 15 GOING LONG CADCHF HERE IN 0.9072 FOR 0.9160 TP SL 0.9000
  19. tradingwizzard
    euraud working nicely, almost 100 pips in profit since our entry......gbpcad not that good but holding it
  20. tradingwizzard
    I repeat, and please read what I wrote before carefuly.....the lines represent traditional support/resistance levels for the pair once it enters the square and stays in the corrective/trending mode........the angle should apply only when the 1x1 angle is identified (if ever) regardless on the time frame.......for example, take that angle from the monthly chart and keep in on the lower time frames and you will see the rising moves the pair made are respecting that angle....that was just an example again, the confluence areas have the tendency to attract price, not for price to reverse from there.....in a corrective move based on Elliott, for example, and the best situation is happening when price is forming a contracting triangle, as legs of a triangle tend to behave in a similar mode, look for similarities between the first square and the next squares.....as long as the correction holds..... then look to play only scenarios based on the corrective waves you know......you don't have to trade only one currency pair, but look for the pattern to repeat on different pairs and different time frames.......that is why you see my labelings mostly abc-s, cause I like corrections...... will come back with more details
  21. tradingwizzard
    hi bob, I am using Elliott mainly to identify if the move is corrective or it is trending.......for that I am looking for specific patterns, like contracting triangles that act as a reversal patterns.....meaning price is breaking into the opposide direction than the one it entered inittially....and therefore I build my lines accordingly and look for the right side of the screen
  22. tradingwizzard
    [quote Question is based on ignorance i'm afraid since I don't know anything about currencies,but if each instrument has it's own "vibration" if you have a pair might you have conflicting vibrations? QUOTE] the pair in itself it's the instrument and it has its own vibration
  23. tradingwizzard
    it not always abc........just that under that approach I am looking mainly at corrective moves, as they are easy to spot and identify.......and because they are corrective, hence mainly abc''s....
  24. tradingwizzard
    in for 1.08 - tail/sell
  25. tradingwizzard
    the reason I closed the short and entered long on the euraud is this ending diagonal needs to make a new high for completion.....1st wave extended, now looking for the fifth to make new highs and then I will turn bearish on the pair......it remains to be seen
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