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TaoTrader replied Dec 17, 2009Thanx a lot why oh why, I really appreciate all your help and interaction. I look forward to hearing more about the training course you mentioned. Congratulations on your successful trades. It looks like many of us did well last night.
EURUSD
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TaoTrader replied Dec 17, 2009Remember that fundamentals must coincide with technical analysis.....not just one or the other.
EURUSD
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TaoTrader replied Dec 17, 2009Another way to look at the charts is that if you interpret the data from 2002 as the beginning of a 5 wave up trend, you are seeing an ABC correction which currently means a a down trend, although much smaller than the movement from (2002 to 2008 ). ...
EURUSD
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TaoTrader replied Dec 17, 2009Yeah, I won't always have this much time, just like you. Until I have my entire trading strategy uploaded I will be here helping people whenever I can. After that back to studying for school....... I'm also in the process of publishing a book. This ...
EURUSD
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TaoTrader replied Dec 17, 2009"The Candle Stick Course" by Steve Nison is my favorite book on candlesticks. I would encourage all traders to invest in this book. All of this author's books are highly effective.
EURUSD
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TaoTrader replied Dec 17, 2009Another way to look at the charts is that if you interpret the data from 2002 as the beginning of 5 wave up trend, you are seeing an ABC correction which currently means a a down trend, although much smaller than the movement from (2002 to 2008 ). ...
EURUSD
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TaoTrader replied Dec 17, 2009Look at your charts again — Your logic here is wrong, although I believe it is well intended. You most definitely need to be looking at the higher times frames first for the proper signals to interpret the trend. The figures from 2002 you ...
EURUSD
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TaoTrader replied Dec 17, 2009Incorrect wave count — If you count waves from the smaller time frames up the patterns will often be distorted and most likely wrong. You need to start on the monthly chart first then go down to the smaller time frames. This chart explains how ...
EURUSD
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TaoTrader replied Dec 17, 2009If you count waves on the one hour chart the patterns will often be distorted and most likely wrong. You need to start on the monthly chart first then go down to the smaller time frames. This chart explains how to acheive proper wave counts. It ...
Elliott Wave Trading
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TaoTrader replied Dec 17, 2009Your information is wrong, although I believe it is genuine. We are definitely in a down trend, but you are looking at the wrong chart. You need to start at the monthly chart first, then the weekly, then go down the daily, 4 hour, and 1 hour charts. ...
Elliott Wave Trading
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TaoTrader replied Dec 17, 2009I am trying to figure out how to do that. Could you explain it to me please? Thanx
EURUSD
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TaoTrader replied Dec 17, 2009Look closely at the monthly chart, then the weekly, then down to the daily and four hour charts. You may change your position. The fibonacci numbers and wave counts here are undeniable, as welll as the fundamental analysis we have been receiving ...
EURUSD
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TaoTrader replied Dec 17, 2009No problem, just wanted to help. A retrace is always a possibility. But if we are in a wave 3, which I strongly believe now, retracing to the level you mentioned might not happen this early, as this candle is the first in the impulsive downward ...
EURUSD
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TaoTrader replied Dec 17, 2009I agree, and I apologize for my tone if it has been rude or offensive.
EURUSD
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TaoTrader replied Dec 17, 2009I don't believe that either.....maybe you did this as the price was retracing every hour......that is pure gambling.
EURUSD