Short-Term.....Swing Trade (Set-Ups)

[marketwavez]

SHORT TERM TRADE SET-UPS FOR ALL !

Swing trading is actually one of the best trading styles for the beginning

trader to get his or her feet wet, and still offers significant profit potential

for the intermediate and advanced traders.

THIS THREAD IS BEING SET UP AS REFERENCE TO WHAT IS GOING ON

IN THE 6 MAJOR CURRENCY PAIRS UTILIZING ELLIOTT WAVES

AS A PRIMARY TRADING METHOD TO DETERMINE PROBABLE MARKET TURNS .

Usd/Chf , Usd/Cad , Usd/Yen ----- Eur/Usd , Gbp/Usd ,Aud/Usd

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ALL ARE WELCOME.........JUST TRY TO POST A CHART WITH YOUR CALL !

[marketwavez]

marketwavez2:
Usd/Yen

This is Mid-Term view of what may be occurring :

Price is now fooling around with this 50 % RETRACEMENT LINE ..........

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This is only a Probability !................It is Not Cast in Stone........

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UPDATE TIME ,

Here we are now today :

Just look at how price has now blasted through the 50 % Retracement Line

Price action now moving toward an " End of Wave C" ,,,,,, Is It over now?

[adrazz]

looking good

[marketwavez]

Elliott Waves trade set-ups for all .......

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-If you don't agree , that's Ok

just post your charts and state your case

No need to argue about who has the right Wave-count .

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TIME WILL THEN TELL ALL ............

[marketwavez]

HERE ARE LONGER TERM VIEWS

EUR/USD

Here are 2 Longer-Term charts

Here's a probability Longer Term -

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[marketwavez]

Elliott Waves is not about who as the right wave-count !

- There no such thing ........All we have is Probability !

from there, it's about managing the Risk of the tradeif and

when you decide to get into that specific trade set-up !

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Let us not loose sight of understanding this ........

We must learn to appreciate all wave counts ...............

[marketwavez]

Trading Plan......... ( See Attachment Below )

Euro Usd ---

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This trade has aRisk of about 50 pips

Can You stand to loose 50 pips? and be able to live another day to trade again ? ....

-This is what the experienced trader is concerned with !

All the so called " Professionals " in here and out there are only concerned

about being right on the call ..............................................

Onlyfools are concerned with being right all the time !

Did you know :

There are people doing well at this being by right only 50%of the time .

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If you want to be successfull at this thing called trading.......

You should get scared every time someone tells you they

are a so called " Professional " . Be very afraid !

and run for the hills when any one talks to you about the news ....

IT'S ALL IN THE CHARTS .............

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- Only then will you begin to see a difference in your trading !

Don't waste your time with these .....

Concern yourself with Risk toReward and what's called Position Sizing

and also learning sound Money Management skills ..............

Because in the end its all comes down to only this !

Trading is all your ability to analyze Risk and Protect your Assets !

This is more important to understand than any trade system or method

that you can think of to apply to the various markets ........

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Remember the Lessons of Money Management-

In which will ultimately keep you out of trouble especially

when you are wrong about a particular market turn !

Don't over - extend yourself...........

Don't over - leverage yourself............

( Read Attachment Below )

[marketwavez]

Now , moving along................

Us Dollar

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( Usd/Chf )

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Here is a probable Wave-count

( Longer-Term ) Daily Bars

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Only a Probability .............Not Cast in Stone !

[marketwavez]

The Usd/Yen blasted out of an " End of Wave 4 "from Friday's NFP Report

(See chart below )........

2nd Target has now been reached -

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[marketwavez]

Price Entry now triggered

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Price Entry........... 115.00 stop

Protective Stop .........114.65

Targets ........ See charts below

( Risk....35 pips )

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Only a Probability !................ Not Cast in Stone !...........

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TRADE AT YOUR OWN RISK…...................The Purpose of these charts is to point out significant

highs and lows based on Fibonacci Retracement Lines and Elliott Waves which are highly subjective.

This information is for Educational purposes and should not be considered trading recommendations.

All trading decisions are your own sole responsibility .

[marketwavez]

Eur/Usd

Probable Wave count ............

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Only a Probability.................. Not Cast in Stone !