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TaoTrader replied Dec 18, 2009End of the week retracement. Things will pick up when the market opens again. Still down on my end. Pleasant trading.
AUD/USD
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TaoTrader replied Dec 18, 2009The wave counts here are not posted in the right place, and you are not counting them right.....but your breakout is good. This pair is poised to go up for a while.
Elliott Wave Trading
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TaoTrader replied Dec 18, 2009Wave 3 down — Yes Emp, I believe we are at the beginning stages of a strong breakout to the downside. I have been trying to short this pair since May. It is fighting support hard next to the other dollar pairs, but I think next week we will ...
Daily GBP/JPY analysis
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TaoTrader replied Dec 18, 2009Insider manipulation as I mentioned earlier. Well, we have enough interaction here to spot this and stay in the trend.....I would not get out anyway. Anyone thinking the EUR/USD will soon be USD/EUR? Just a thought, not a strong sentiment.
EURUSD
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TaoTrader replied Dec 18, 2009I believe the Dollar is strong and will continue to be so as well.....but have you heard about the European and Asian countries who are trying to create a world reserve currency and crash the dollar? I do not believe this is impossible, just highly ...
EURUSD
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TaoTrader replied Dec 18, 2009Well......I do not look at time frames that small because you are essentially seeing noise inside of a larger time frame. The indicators and everything else you see on time frames that small are unreliable and highly distorted.
EURUSD
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TaoTrader replied Dec 18, 2009My sentiments exactly.
Flying to the top is out in my opinion......instead racing down to the bottom.EURUSD
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TaoTrader replied Dec 18, 2009Very nice chart also. Yes....I believe we will continue to see a nice profit.
EURUSD
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TaoTrader replied Dec 18, 2009Open Trades — Behman, I do not use stop losses or take profit targets because my account is large enough(financially) to cover negative swings on a weekly basis. I also do not want the market to take me out out of a trade, especially if I know ...
Desert Island Trading Journal
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TaoTrader replied Dec 18, 2009An entire paragraph saying absolutely nothing! Nobody wants to hear your negative rantings. Now get on the right side of the trend.
EURUSD
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TaoTrader replied Dec 18, 2009Long term view — I am trading on the weekly and monthly as well. I anticipate the same movement as you mentioned. Here is my chart for this pair....showing trendlines, fibonacci expansion targets and a triangle formation.....this is the ...
EURUSD
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TaoTrader replied Dec 18, 2009Excellent observation.....I do not believe the dollar is about to tank either.
EURUSD
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TaoTrader replied Dec 18, 2009Much of trading involves observing what the market is in the process of doing, not predicting what will happen. I'm sure you know this, and I am not against your thoughts here. However, I do believe the dollar is entering a period of relative ...
EURUSD
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TaoTrader replied Dec 18, 2009I do not see this upward movement lasting very long. It may be gone in a few hours. We still need to wait and see what happens.....Friday slows down the market.
EURUSD
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TaoTrader replied Dec 18, 2009No problem....I'm off to bed in a few, but I will respond to any questions you have tomorrow. Easy
Desert Island Trading Journal
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TaoTrader replied Dec 18, 2009Downtrend not phased — This appears to be a 1-2-3 pattern. It can also be seen with a head and shoulders reversal pattern. If you see the market go up, down, then up again without going through you can short, because the price will likely be ...
EURUSD
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TaoTrader replied Dec 18, 2009Fake out — This appears to be a 1-2-3 pattern. It can also be seen with a head and shoulders reversal pattern. If you see the market go up, down, then up again without going through you can short, because the price will likely be going down. ...
Cable Update (GBPUSD)
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TaoTrader replied Dec 18, 2009I read a book about what you are describing. Insider hogwash.....all us small players don't see as clear as they do. The market comes back around though, as you mentioned.
Cable Update (GBPUSD)