basitata's Profile | Metals Mine
 basitata
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  • Status:
  • Trader
  • Last Online:
  • Apr 28, 2022
  • Using Local Time:
  • 4:33pm (10 hr ahead of you)
  • Joined Forex Factory:
  • Aug 2009
Posts (283)
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  • Trading From:
  • Pakistan
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Jan 8, 2022
 hoda
Please Share your NRP Indicator, Strategy...
https://www.forexfactory.com/thread/...r-and-strategy
Nov 17, 2014
 yaed
Hi! Trade well!
Sep 19, 2013
 dxnation
Thank you basitata
Dec 17, 2009
 TaoTrader
I apologize.....I made a minor mistake with the projection figures I gave you. The minimum target for a wave 3 (for a primary projection) is 100% not 61.8%. Likewise, the typical target is 161.8%....I accidentally told you this was the maximum target.
Dec 17, 2009
 TaoTrader
Look under my thread for the attachment showing the Elliot wave pattern for the EUR/USD.
Dec 17, 2009
 TaoTrader
For an Elliot wave pattern, the minimum target for wave 3 is 61.8%. The typical target is 100% and the maximum target is 161.8%. So, I believe the minimum price target for this wave will be 1.28555. I am more inclined to believe it will be closer to 1.14329. However, it may also go as far down as .91213. Remember though, fundamentals still influence the market, and the world economy needs to be considered along with technical analysis. Ultimately, I am looking for a price target between 1.2855 and 1.14329. The dollar is strengthening on the U.S economy, while Europe's economy is falling behind in many areas, and it appears things might stay this way for a while. If you have any more questions do not hesitate to ask. I am still in the process of posting my trading method in my journal thread, but I will have an updated version tomorrow. Easy, Tao
Dec 17, 2009
 TaoTrader
In case you did not get my message here it is again. It appears the long awaited wave 3 and down trend is in progress. I have been waiting for this to happen since the summertime. However, we may just be seeing a strong retracement. I do not believe this is what we are seeing though, and since we are talking about trends, Elliot waves and fibonacci numbers, here is what I see: I have been watching the news closely and studying the market for several weeks now, and although fundamental analysis can be tricky to figure out, the technicals are clear to me. In my opinion, the fundamentals and technicals both have the EUR/USD going down for a while. The attachment I will post in a separate message will explain my position further.......