EverythingForex

CLOSED TRADE: EURUSD: BUY@1.09610 Wave 4 retrace -68 pips

FX:EURUSD   Euro Fx/U.S. Dollar
2148 24 21
Stopped out on this trade for a -68 pip loss. What maybe happening right now is that it is making a wave 3 extension or ABC zigzag 4 with (b) dip. Will be watching to look for another good LONG entry. I am still looking at this as a wave 4 correction. But will be re-analyzing it to see. For now, on the sides.
waiting for a good long trade as well! Goodluck!
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sl hit buddy...bad!
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never mind part of trade
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Losing trades is no big deal. Losses don't worry me. They bother me but don't worry me. Everyone loses trades. It's what you do with that losing trade that makes the difference. You can be sure that I'll be learning something from this trade and gaining insight into the next one.
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jvadian EverythingForex
Hi i am trying to follow your link but unable to locate you in FB. How do i follow your thread, i like the way you logically think and execute.
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try this one: http://www.facebook.com/efxselect
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jvadian EverythingForex
thanks mate, be blessed.
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Remember my word.... we still haven't tested my target...
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what target? Would like to see your chart and see what and why?
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kuzibekov EverythingForex
I posted already we had discussion on it....


UPDATE #2: TRADE: EURUSD: <span data-href="idea-custom-link" data-href-idea-custom-link="mailto:SELL@1.12720" rel="nofollow noopener noreferrer" target="_blank">SELL@1.12720</span> Trying to catch a wave 3
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kuzibekov kuzibekov
It's your post and my comments down there...
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Ok, now i remember. You're the extreme bearish guy who says it's dropping to 1.0000 or lower. I agree it's dropping and will drop some more as per my chart above but still not seeing 1.0000 or lower. For now, just trying to catch the retrace wave 4 (which is usually folly as corrective waves are difficult) and then a further drop lower but still not agreeing that low. IF it gets to your target, then you can say you were correct. Until then, my viewpoint holds.
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kuzibekov EverythingForex
You still don't believe.... let's see how it goes time will tell....
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What? Just because it dropped during the NFP, you are saying you are right? Dude, I've predicted already it will drop. So I don't know why you are trolling me? It just isn't going to drop where you think it will! And until it does, there's nothing to talk about!

I appreciate constructive comments but your comment isn't helping anyone. There is no need to keep trying to convince me of anything. After all, whether I agree with you or not, it isn't going to change whatever the market is going to do, right? So why do you feel the need to convince me? are you just looking for someone to agree with you? I don't. I only listen to the chart. If it tells me later that it will go to 1.0000, then I will sell. If it tells me to buy, I will buy. Simple.
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kuzibekov EverythingForex
Wow. Why you took it so offensive way? Did I say I AM RIGHT and YOU ARE WRONG? I said you don't still believe let's see how it goes. I didn't short it today or yesterday I start shorting from 1.14 weeks ago... and MY point was ECB won't let it run above 1.15 and THEY DID, when price was close 1.15 they spread the rumor on missing inflation target and later on dovish Draghi came to play... Everyone trades on his own way, nobody is right or wrong market is always right. If price hits 1.0000 before reaching 1.2 then my medium term trade would be right which is nothing to do with you or anyone else here. I'm not looking for attention or investor here and I don't have time to be active on this website. I manage enough fund. Good luck Sir. Didn't mean to troll or offense.
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Generally your strategies works well. But this is due to the current news trends. Any way we wait for long.
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Remember, news does not move the market. It is the trader' s reaction to the news that moves the market. And we know most of the time and the majority of traders trade on emotion. That is why the majority of traders are losing money. So, do you want to follow these traders?
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I have it as wave v of c of B (target range between 1.0868 equality measure down to 1.0810 with risk just under 1.08). Assuming the 1.08 level holds then looking for a couple of months up in wave C of 2, with targets between 1.20-1.25. DX is in similarly tight setup with reversals possible as it completes either wave b or 2 of C with 98.50 max risk. Reasonable R/R imo...anyways, just some thoughts.
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It's possible. If it continues to drop further, then most likely, you're right.
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As per your wave count, can we say that we are now in wave 5? in other words the (a) wave in the chart was wave4?
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It is possible but I will re-analyze after the NFP
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peterB EverythingForex
When will you be re-analyzing the charts and will it be AU/US, EU/GB and NZ/US as non farm has messed things up.
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I always re-analyze charts over the weekend from scratch. I don't think NFP has "messed things up" but rather has setup some very nice trading opportunities. But what are they is what must be deduced. Just be aware that I don't post everything here and post more to my facebook group to see. But even there, I don't post everything. Only my members get all. Thanks! Oh, and I don't trade the EURGBP although my members can request to have me analyze it.
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TTCSteve EverythingForex
was certainly an interesting juncture with the DX right at a key level, at least there was only little risk involved. Will look forward to your views on Euro, it's a hard call between an extended B wave and straight impulsive imo... The Aussie and JPY were much easier trades as they hadn't extended before NFP's. Thanks EF appreciating your efforts
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