My view is that all the action on daily since Sept 17th looks corrective. It's all in the same channels. Based on that I can't see it going much lower as the A-B-C pattern appears complete. So I'm buying and expect a continuation of the initial move ...

EURUSD

You're treating the initial move up as an impulse then - if it is one its a pretty horrible looking one. The only way I can make it one is with multiple nested extensions. But then again trying to label it as a correction is pretty messy too. I ...

EURUSD

My target for wave 3 reached now. It might go a bit higher to the 161% level at 1.28 but I'll be looking to short down to at around 1.272 in a bit.

EURUSD

You could just trade another pair when EUR/USD is in a complex correction like it is now. It's very difficult to work out what form the correction is going to take on a day by day basis. I read a number of blogs and they change their mind on what ...

EURUSD

Some screw up with my broker, wierd thing is it only appears on daily with the data present on all the other charts.

EURUSD

This is my outlook following the events today. I'll be glad to see the back of this correction! Looking like it might be a double zig-zag. image Looks like the first sub-wave of the 3rd wave up we are now on has been completed looking at the M15 ...

EURUSD

Sounds like a novel take on the "I've got a friend who has this problem..." kind of story to me lol

EURUSD

Well credit to MB trading they contacted me (4am there time!) and had a record of all the exact times I had tried to close the order and the exact times I called. They acknowledged that the line was dropped on several occasions. So they are ...

MB Trading WTF - can't close trade?

Firstly I find it quite objectionable that you infer it was my fault. I tried all their number options from the switch board that you get put through to and they weren't answering ANY. Plus when I got through the the order desk they took my account ...

MB Trading WTF - can't close trade?

Well they didn't for me. It was more like a scene from Boiler Room. I'm with MBUK and their contact numbers are all the same FYI - they get routed to a "press x for y" type service. None of them were being handled however. Customer Service ...

MB Trading WTF - can't close trade?

Yes I called the stated number from the website and I tried all the options (press 1 for blah, 2 for blah etc.) as everytime it just said "failed to transfer your call" which ever one I tried. I tried several more times and when I finally did get ...

MB Trading WTF - can't close trade?

Well my strategy of longs today paid off well today. Unfortunately I put on a heavier short after it started going down nicely on the NFP data. Stupid and greedy. Like a rabbit in headlights I didn't pay enough attention to the unemployment data ...

EURUSD

Well if you believe in Elliot Wave you have to go long today (start of C wave of the correction) so that's what I've done. Both open trades already in profit (one on a different pair). Will close them before 1:30 at a convenient point (assuming they ...

EURUSD

Trouble is lots of people don't understand basic probability. If you were to trade randomly they think they have a 50/50 chance which is not true. If you make very long term trades with huge SP & TP then you can get close to 50/50. If you're using ...

EURUSD

Made some nice profits on my shorts yesterday. Missed the fed move as I had to go and watch batman and got stopped out by a couple of points (as I tightened up the SL because of predicted volatility) before the drop which was annoying. Will be ...

EURUSD

Made a small profit on my short from last night. Tried another around 1.2330 but stopped out when it moved above the previous high. Short again now from 1.2327.

EURUSD

Do any of you guys trade options as well? e.g. if you think its going to go up on daily or weekly buy a call and ride out the bumps without the same risk to your account and potentially make a bigger profit instead of either having to stake less per ...

EURUSD

I'm short from 1.2309 it moved down nicely initially but now has retraced fully back up. There is also an upward trend line of lows on H1 & H4 which I don't like the look of. So need it to do a bit of U-turn now - if it breaks 1.2314 then it could ...

EURUSD

This was my thought too, I wonder if it might pull back to maybe somewhere around the 1.2208x area. On H4 there is a big cluster of bars that would provide support between the 38 and 50 fib ret of the corrective move up we've had so far if it makes ...

EURUSD