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pringy
If you want a starter course on EW you could try the site below, or do a search on Google where you will find many more sites.
http://www.elliott-wave-theory.com/e...1.html#general
However, bear in mind its very complicated and
even 'wavers' often can't agree on wave counts.
I personally use a simple version of my
own - Arcowaves ,
so you cant always rely on my lettering/numbering
as perfect EW notation.
(And FYI - abcde is often used for Triangles).
Arco
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Check GBP.USD out on tacticaltrader.com
if you like to follow this pair.
GTA
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The current short is showing +105 on Thursdays
entry and +32 on a pyramid entry.
More info on TT.
arco
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Position stopped out at breakeven.
No damage fortunately.
Sometimes a short term profit can be
more rewarding......but hindsight is a
wonderful thing
There were a few worries with GBP as
I mentioned earlier so will remain flat
until the position becomes more clear.
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Back on the horse...........
Go, Dobbin, go....
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just sold 1 unit of GBP/USD at 1.8990. S/L 1.9041
Xerof
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SL hit at 8973.....Profit 63 pips.
Expect to re-enter shortly.
Xerof - Any idea what's causing the surge?
arco
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I think its just the usual counter-intuitive post risk event move (hows that!) In other words - a short squeeze of long dollar positions built up over the past week, in case the Fed altered its wording or went 50 points.
In hindsight I might have got in a little too early - London session might be rather interesting....
Default MACD's, SMA 10,20 have all crossed positively on 2 hourly charts for all the major currencies, incl Kiwi....
Xerof
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Interesting move, - could be testing
polarity change on the 9043 line.
No position, but will follow up behind
with a trailing short.
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More on your query re yesterdays surge after FED raised rates - this might put some insight into why the move occurred, and is continuing tonight, and may be near the mark as to what the market is thinking - fundamentals I'm afraid[8D][8D]
http://www.blackswantrading.com/file...sccc050505.pdf
Xerof
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