yes I quite often flick to Heiken Ashi simply to smooth out noise on a chart - it seems to make trends more obvious and can make it a lot more apparent how to count waves.
Printable View
yes I quite often flick to Heiken Ashi simply to smooth out noise on a chart - it seems to make trends more obvious and can make it a lot more apparent how to count waves.
Thanks Peat. "Count wave" meaning Elliot wave? or 5-3.. How do you time your entry and place your stop loss? Do you look at other indicator to time your entry?
yes I count in EW.
entry? ....different ways... a butterfly trigger is something I'm always looking out for. RSI crossovers... candles such as harami/engulfing patterns ... with Heikin Ashi you could just be green sell red at different time frames.
stops go on the other side of historical support/resistance or swing high's/lows
not looking good for the Euro but its well oversold and in fact showing divergence on the daily
I'm gonna try a small cheeky long at 1.22 18 pip stop. -12 already :(
(later) +30 putting on a 40 pip trailing stop and of to zzz. dont really trust it. not much at risk now.
Thanks Pete. Looks like it has touched 50% fib level on monthly chart (1/11/2000 to 01/07/2008). Still looking for a long position :)
105 PIPS...I should have stayed in. Waiting for a retracement.
I got out at the right time :)
Maybe go long again around 1.2246 if it reaches before bedtime and indicators permitting.
Looking for a retracement to 1.2296 or preferably around 1.2272 to go Long. These appear to be fib confluence zones on 1 hr chart. Off course it depends on my other indicators. Any recommendation?
must be about time to buy the euro again
Newsweeks cover attached
long Euro from my last post could have provided good returns
time to go hard longing again for the C wave. 1.25 minimum target??
currently +70
going pretty well
nearly up 200 already!
hope some of you are rockin this with me
kaching
1.25
Good call PEat. If only I had seen your post earlier I would have joined you on a position.
nice trade there Peat