BTW
short @ 3272 2/10 EU
EURUSDCALL
short @ 3272 2/10 EU
EURUSDCALL
Disliked{quote} bang on my 3280/90 call. Now what? If I've charted it accurately, we have just completed wave 5 of C of larger wave 2. If so, correction is over and we are now set to start wave 3 or extend into another zigzag.Ignored
Disliked{quote} Agreed. Especially for LT position trades, one must allow for several hundred pips of drawdown with this pair and therefore adjust position size accordingly.Ignored
Disliked{quote} Markus, what sort of duration do you look for between wave 1 and 2's? If PipTrapper is correct about wave 2 finishing as a diagonal zig zag, which I hope he is, then wave 1 would have taken 13 days and wave 2 basically 2 days. Thoughts from either of you lads?Ignored
Disliked{quote} Hi big, Based on my limited knowledge (based mostly on studying historical counts), wave 2s are not typically that much shorter than wave 1, but I have seen them that short. It all depends on the strength of the market sentiment at the time. However, keeping with the norm, we should see a longer wave 2. This does not necessarily mean that we go higher though. This ABC could be the first wave of a flat abc wave 2... or even a 5 wave contracting triangle. Only time will tell.Ignored
Disliked{quote} Maybe to complete wave 5 of 5 of c of 2? Anyway, here is the count if abc is already complete. {image} ...and here is the alternate {image}Ignored
Disliked{quote} the second one looks better the yellow 3 in the first one looks not like a 5 wavesIgnored
Disliked{quote} Markus, what sort of duration do you look for between wave 1 and 2's? If PipTrapper is correct about wave 2 finishing as a diagonal zig zag, which I hope he is, then wave 1 would have taken 13 days and wave 2 basically 2 days. Thoughts from either of you lads?Ignored
Disliked{quote} Hi Big, a wave 2 can retrace 100% of its preceding wave 1. Oftentimes, especially in Forex, we see deep retracing wave 2's, oftentimes 61.8 to around 76.4%. But we have also wittnessed very short wave 2's, only retracing 7-13% or so.Every pattern is possible, only triangles you will not see. Elliott, Prechter, Frost gave us no good indication of time. Gann is the right one to ask for time. So maybe Godim will help on the time aspect. The nature of a wave 2 is to fool both the bulls and the bears. This may be the reason, why...Ignored
Disliked{quote} Too bad, I have next to no understanding of how to appropriately use Gann analysis. Godim, any thoughts you'd like to share on the duration of the move from 1.3104 to 1.3280? Godim, някакви мисли, които искате да споделите на продължителността...Ignored
Disliked09. Sep. EUR/USD Pending Order's Short (3/3) 1. 1.3110 (larger size) 2. 1.3112 3. 1.3117Ignored
Disliked{quote} WTF what happened today about this strong upward move. i was not in the office ???Ignored