EverythingForex
Short

UPDATE #1:FULL ANALYSIS: EURUSD: Looking Wave (c) & Wave (B) End

FX:EURUSD   Euro Fx/U.S. Dollar
3779 34 48
In my previous FULL ANALYSIS post (see Related Ideas: "FULL ANALYSIS: EURUSD: Looking For Wave (c) & Wave (B) End"), I mentioned that prices are headed towards an ED (ending diagonal) in the wave Y of a complex WXY correction.

Here is a DAILY chart overview of what is happening just in case you're too lazy to go check out my FULL ANALYSIS (and why wouldn't you if you haven't?):
snapshot

Now, I have tweaked that ED a little to better reflect the current price action so make note of that but overall, it hasn't changed my prediction.

WAVE COUNT
None of the current PA has changed my wave count. Go check out that previous post for a full explanation on my wave count. As for now, this complex WXY corrective pattern is all within the wave (b) of the (a)(b)(c) wave c of the larger wave (B).

PATTERNS
That POTENTIAL crab has now been COMPLETED and I'm still waiting on that POTENTIAL bat to do the same as I do expect that prices will "bump" up just a little more in order to complete that ED as well. Prices are still obviously within the PRZ of that completed butterfly .

MY TRADE PLAN
Still patiently waiting for prices to complete both the ED and the bat. Once that is done....LOOK OUT BELOW! I'll be looking for PA to tell me when to get SHORT!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!
VimSharma
a year ago
euro is going to rise only .it visible even as a layman ,no pattern is needed .))
Reply
Waver VimSharma
a year ago
Why do you draw patterns in your charts then?
Reply
VimSharma Waver
a year ago
I said pattern is not needed here ,it does not mean patterns don't work ,and BTW ,no completed pattern in here yet .
Reply
Waver VimSharma
a year ago
Some people are just haters and just feel like talking.
Add value with your comments, arguments and posts or just be quite.
The guy has taken the time to post his analysis and I don't see you doing anything close to that!
Reply
VimSharma Waver
a year ago
hahaa..............no need to be so serious ,I m not discouraging anybody to do anything ,I saw his post ,made a comment .THAT IS IT .No need to read too much into my comment .
Reply
VimSharma Waver
a year ago
BTW there r few crosses like EURNZD ,EURAUD which r forming bullish crabs etc.that is another argument for that euro is going to rise .
Reply
EverythingForex PRO VimSharma
a year ago
guess I'm not a LAYMAN. LOL!
+4 Reply
EverythingForex PRO EverythingForex
a year ago
My apologies. That reply by me was uncalled for. Everyone is welcome to their opinions. But post a chart explaining why you are so sure and if you are willing to be accountable for your words, also post a trade call. I do. Always. win or lose I am accountable.
Reply
VimSharma EverythingForex
a year ago
its cool dude ,my comment was intended for fun combined with a bit prediction .)
Reply
EverythingForex PRO VimSharma
a year ago
Comments are of course welcome as long as they are constructive. The reason I asked you to post a chart explaining why you think the way you do is so that everyone here may benefit from your point of view. Maybe including myself since I never claimed that I am always right. But just a comment saying what you think without any chart behind it is not helpful.
+1 Reply
VimSharma EverythingForex
a year ago
eurnzd long
Reply
EverythingForex PRO VimSharma
a year ago
I don't take or break trades based on correlations and it's too risky to do that. Trading on correlations will only drive you NUTS trying to correlate everything. For example, you are saying that you believe EUR will only go up based on the fact that you also think EURNZD is going up. Why? EURUSD and EURNZD have been trending in completely opposite directions for the past month lately! Now you are saying that all of a sudden, they are going to go in the same direction? Why?
+1 Reply
VimSharma EverythingForex
a year ago
it is because NZDUSD is going to drop due to huge resistance ,and its not only eurnzd ,across the board eur crosses r heading higher ,be it eurgbp or any other .
Reply
EverythingForex PRO VimSharma
a year ago
Ok. So now you are using TRIPLE CORRELATIONS do justify the long? So now you gotta hope NZDUSD will drop, EURNZD will rise and ALL the othe EUR crosses will rise so that EURUSD will also rise? Then you must also be saying that USDJPY will fall and all the other USD crosses will fall? Loonacy! You see why it is just too difficult to use correlations to trade? Trying to make sense of it all will drive you NUTS! And you still have not explained why in the past month EURNZD in the chart you posted above has fallen while EURUSD has risen and why now they will all of a sudden correlate? There's just too many variables to consider!

But OK. I know I am not preaching to the choir here in arguing with you about it. Maybe you are right. Who knows? I know what the chart is telling me and I don't need correlations to tell me otherwise. Too complicated. KISS principle, man. KISS principle. Just read the chart and trade what you see. Simple.

Good luck to you though. I can't say I hope you are right though. I'll be looking for the SHORT as soon as PA tells me to go SHORT. You won't be convincing me that you are right by posting correlations.
+1 Reply
VimSharma EverythingForex
a year ago
its not hope ,its high probability ,Do u trade with 100 % probability ?????? nobody does .and if u talk about correlations then everything ,I repeat ,everything is correlated in forex .
Reply
EverythingForex PRO VimSharma
a year ago
Good for you. But I'm not the one who said "is going to rise"! Not could. Not should. You said "is going to rise". Sounds like you are the one who is trading with 100% probability. BTW, if it's 100%, then it's no longer a probability, is it? Again, put your reputation on the line and make a trade call and post it then. Don't need to just keep commenting on my post about it. You aren't going to convince me of it if that is your intention. Some other reason might make me rethink things but correlation ain't it. I never said that markets aren't correlated either. I KNOW they are. But until someone comes up with a formula that can tie it all together and makes sense and WORKS......can't use correlations to trade reliably. Still waiting on that explanation as to why EURNZD and EURUSD had reverse correlation in the past month and now all of a sudden they will correlate......
Reply
VimSharma EverythingForex
a year ago
here is the pattern why euro is going to rise.
Why euro is going to rise in medium term
Reply
EverythingForex PRO VimSharma
a year ago
ok, now that's a better reason as to why it MIGHT go up and I've seen that awhile ago. It's been posted by other guys here who favor the upside as well. It's a valid pattern and a valid concern for me but just a single triangle won't do it for me. Of course, it's got nothing to do with correlation! Im; still shorting when I get the signal though. Judging from where you put that trade r:r analysis tool, you are already long, correct? Well, good luck to you!
Reply
FMeshreky VimSharma
a year ago
Complete your analysis dude, looks like you just missed an important resistant .. Or just ignored it to prove that you are right, who knows.
snapshot
Reply
EverythingForex PRO FMeshreky
a year ago
Maybe he is just trying to prove a point. Maybe not. I'm not so harsh in judgement though. Everyone has a tendency to see what they want to see. It's difficult to train your mind to see past your own bias. That's something professional traders master. Even then, must be on the lookout for being too biased. We as humans have a innate need to be right. It;s a defense mechanism. It's natural. But it is something you need to overcome in trading. See past your bias in order to see the true price action.

I don't care one way or another which way prices goes for example. I only want to find the way to take advantage and make pips no matter which way it goes. Yes, I do have my bias as to which way it goes BUT I am prepared no matter it goes up or goes down. And as I have mentioned SO MANY TIMES already, trading is NOT ABOUT EGO! I'll trade ego for pips any day! So if he is right and it goes up, good. If I am right and it goes down, good. I'll tell you one thing, I'll be ready to take home pips whichever way.
+2 Reply
VimSharma EverythingForex
a year ago
I have 60 open trades at this time ,and I dont do analysis for money ,its just that if I have time ,I post something .
Reply
Comment removed
EverythingForex PRO VimSharma
a year ago
MODS....please remove these comments. Not useful, helpful nor constructive.
+1 Reply
Comment removed
VimSharma EverythingForex
a year ago
look mr everything forex ,I don't bear anything against u,,nor against anyone else .u claim others have tendency to see what they want to see,but I see u have far more tendency to see what u want to see .since beginning ,u r inclined to have short bias on euro ..u even said somebody else posted this triangle .let me tell u all other posted a different kind of triangle and this one is different with a flat base,I dont copy anyone .
Reply
EverythingForex PRO VimSharma
a year ago
You can see your comment above has been removed by the mods as I have reported you to them. I suggest you just stop commenting before you get banned. True, I do not own this website but this is my post. Just go and take care of your own business and stop worrying so much about other people's posts. This is the last I'll say about this.
+2 Reply
Kadhijah EverythingForex
a year ago
smart one, keep taught sir.
best regards
Reply
Comment removed
Squib0 EverythingForex
a year ago
Squeal!
Reply
Squib0 Squib0
a year ago
That was supposed to read squrill.
Reply
zinca13 VimSharma
a year ago
So far, the only time I've seen people arguing like you is because they need to make them feel more confident about their trade idea; at the end of the day we all know you wouldn't risk something you cannot afford to lose on your 'certain' beliefs because being successful in trading is not about that. Moreover, there is room for the pattern (which completes at a major resistance level) to give some profit from a retrace into the 1.1300 area before the rally you expect. I see no reason why an experienced trader wouldn't consider the POSSIBILITY of both your and his idea to be profitable. Ego has no place in the long term success of a trader. Take care and good luck !
+1 Reply
VimSharma zinca13
a year ago
looking for confidence by commenting ????......................huh ............I trade in a single day u wont trade in a year .Read my comment above .and stop being a sycophant .this was my first comment on somebody's else post ,that too because if had few minutes extra .
Reply
EverythingForex PRO VimSharma
a year ago
People.....PLEASE STOP REPLYING TO THIS GUY! Let him have the last word so we can all be rid of him!
+3 Reply
VimSharma
a year ago
EURGBP is breaking out as well .
Reply
VimSharma
a year ago
I will make a separate post why ruro will only rise in medium term .
Reply
FMeshreky
a year ago
Thank you for the idea Sir,
Great effort and professional explanation as usual (Y)
+1 Reply
MartinLetacek
a year ago
I am really bad with these XABCD patterns. I tried to make this pink bat pattern of yours but when I checked the aspect ratios they seemed to be wrong based on some websites. Can you enlighten me the issue? BTW is the bat pattern already complete or not? Thanks a lot.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out