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aeternum replied Oct 19, 2012This is what I think may happen. Right now there is definitely room for a drop. But it may also have to complete this upmove and meet at 1.317xx - 1.32124. Let's see.
My Learning Journey
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aeternum replied Oct 19, 20124H is starting to form a doji like candle. 1.302 can't be broken just yet. Weekly came into a nice inside bar like shape and it seems to actually have broken upwards but it is overbought nonetheless. There is also a long wick up on top. We are also ...
My Learning Journey
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aeternum replied Oct 19, 2012Probably should have stuck to this too. Not really sure if we will get to 1.35 though because daily is so overbought although Weekly has the potential to rise. But we've seen a pattern that EURUSD falls around these levels after spikes. Rely on the ...
My Learning Journey
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aeternum replied Oct 19, 2012Technically I'm underwater.. but since I'm actually long... overwater? :/ Looking for a higher high to clear my units and avoid getting stopped out.
EURUSD
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aeternum replied Oct 19, 2012I agree. It got to 38.2 retrace of the move up. 127.2 is at 1.31712 and 161.8 at 1.32124. Wonder what now...
EURUSD
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aeternum replied Oct 19, 2012We just got to 38.2 at 1.30189, technically we only got to 1.3020 but the level is there. Don't think there is anymore downside now. I'm looking for a top now but I really can't spot one because of my trend line. Ignoring my trendline, possibly ...
My Learning Journey
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aeternum replied Oct 19, 2012I love how stubborn you are! But... Wouldn't that be risky if it went off without you?
EURUSD
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aeternum replied Oct 19, 2012After being overbought on 4H for so long, we finally relieved that pressure down to 1.305. I initially set my eyes on 1.3065 when I shorted 2 days ago at 1.309x. I eventually got a better position but didn't keep holding on to it and only took a ...
My Learning Journey
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aeternum replied Oct 19, 2012We broke 1.306 only to get stopped at 1.305. Seems like there are way more barriers downwards than upwards right now. We have broken to a high of 1.3138x which was 1+ pip away from 1.314. I believe that it is possible that we will see 1.3138x again ...
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aeternum replied Oct 19, 20121.306 seems to be holding pretty well. But if it does break, we will be clearing a lot of stop losses and we will shoot downwards pretty quick. I'm looking for the next fib level up top at 1.314xx. Or if possible 1.317xx. Then I will scalp and sit ...
My Learning Journey
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aeternum replied Oct 18, 2012Holding my long 1.31005, looking to 1.31425. It should test 1.315, but I'm not going to bet on it with everyone feeling so bearish. Everything looks overbought too, so its quite confusing.
My Learning Journey
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aeternum replied Oct 18, 2012Seems like I should have stuck to my new TP of 1.3065 when I re-entered short at 1.31005 after some scalps. Could have made at least another 15% of my account. What a waste. I'm now looking for a test to 1.317xx. This is the 78.6 fib level from the ...
My Learning Journey
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aeternum replied Oct 18, 2012I think wave 5 should be a bit higher than that. Probably closer to 1.317/8.
Elliott wave outlook
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aeternum replied Oct 18, 2012Scalped 16 pips. Managed to get 10% for yesterday and another 10% today. Possible to continue scalping until I head to bed. Testing this new method out at the moment. So far so good.
My Learning Journey
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aeternum replied Oct 18, 2012But it seems to me that for now a second retracement is due because of this huge bull flag that came from 1.28xx. Not exactly sure where the end point if, but I'm looking for 1.304xx. After which I'm looking to long. Its worth trailing it if both ...
Elliott wave outlook