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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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ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 27, 2010 9:28
@Shane: sure, that's all the truth and I've been through all of it in the past years. Then it all settled down and here I am with few lines on a chart, single fundamental view of a trend and sound moneymanagement :)
Keep it up.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 26, 2010 23:23
Ptaczek
the price action has only two directions either its going up or going down, and if you follow the law of probability even with no analysis you should be right 50% of the time if you choose your direction with eyes close. Any kind of analysis gives you two advantages firstly you increase your chances of success and adding more chances to the right choice and secondly giving you psychological courage to believe in yourself and stay with the trade.
Every one has his own style and this may not be applicable to all, It works for me though, i dont use MA, on small time frames. The only things i use are Support and resistance lines 200, 100 and 50 day MA.Plus following the long term trend and finally price action and a bit of candles.
said
mulhouse, France
Posts: 2822
14 years ago
Apr 26, 2010 23:17
rrose

apache network
marcelino
http://www.youtube.com/watch?v=wH0wLZHik08&feature=related
said
mulhouse, France
Posts: 2822
14 years ago
Apr 26, 2010 22:56
eh macrosam

200 pips on JPmorgan beheaded
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 26, 2010 22:55
I honestly don't know rrose. EW never worked for me. In fact almost any technical analysis never worked for me. That's why Im using simple trend lines as a support tool (a kind of reminders) and fundamentals as the basis for my trading. I tend to simplicity because Im very very lazy :)
If the latest leg up on the Euro is because of EW counting or because Geithner comments or because of some rumor buying ... i simply don't know. If I look at the EuroZone cacophony I simply can't go long :)
Absolutely no offense, we are different people with different views and different reasons for going long or short. If you don't mind, try to put up some chart with your EW view. Im always curious and open for new inspiration.
macrosam
United States
Posts: 190
14 years ago
Apr 26, 2010 22:47
Although it did not come with a loss (rather a decent gain), I was wrong and am covering my short position. I am not saying that Greece and the rest of the EU are out of the woods, but I will not be betting against them at this point any longer (though I will be opportunistically watching!).
juno1
UK
Posts: 52
14 years ago
Apr 26, 2010 22:45
rrose
Do you see your count as an abc correction and this as 'c' , with news on greece bailout pulling euro back towards 1.37 and above.


juno1
rrose
United States
Posted Anonymously
14 years ago
Apr 26, 2010 22:38
now go back and count. its good no what do you think?
rrose
United States
Posted Anonymously
14 years ago
Apr 26, 2010 22:35
ptaczek i now that . this was just to respond to you telling me this morning forget elliot wave for now
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 26, 2010 22:30
@rrose: EW - Elliot Wave theory :)
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