EURUSD - Trends, Forecasts and Implications (Part 1) - page 2067
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it depends what kind of trend you mean .... there is a trend on a 1-minute chart .... and there is a trend on a monthly chart ..... everyone has his own view of trends .... I'm always against it .... I have a strategy (counter-trend) ... I always catch bounces ... and strangely enough it works for me ...
So you're lucky. But not everyone can be as lucky as you... like me.
I was talking about the m5...it's just that intraday movements are often discussed here. Personally I have paid too much money to understand this truth for myself ... so I think it is useful to say this. And there's no point in getting into the same rake. Negative experiences are far from always beneficial to positive ones.... better to learn from positive experiences.
P.s. I do not have today's report. I trade in Quik on eurodollar futures (the same dick, only there is no leverage). And I only have monthly... On the 1st.
Very strong signals this afternoon, although I've been on the EUR short myself since 6am,
... By afternoon I looked - 67% of the whole crowd at Alpari is on the long))) and this is 1700 pips loss. HORRIBLE:
https://www.mql5.com/go?link=http://www.alpari.ru/ru/informer
Or did I get it wrong again ... what a stupid pad ?
As the Great Stranger taught, goal achieved. And as Ms Galina says, mona long.
imho, there should be a bottom with a little more depth, closed losses, then a long.
I wonder if this is right or wrong?
Nikolai, imho you need to read these two books if you want to tag the waves:
http://depositfiles.com/files/2e09q8w7s - Prekter.
http://depositfiles.com/files/mdlsits48 - Neely.
Both of them are on wave analysis. The direction of your ideas is right... But the implementation is still lagging. You break some basic rules all the time. It's not all that easy to do - 12345 and abs. There's a bunch of other shapes and variations. Trying to find an 8-wave sequence everywhere is the wrong way to go.
A bit later I will post the variant of my markup.
By the way, here's a wave forum, if you're interested - http://elliottwave.ru/index.php?showforum=3
Here is the graph of the Dollar Index, as you can see it is going upward on the channel, draw your own conclusions
Here is the graph of the Dollar Index as you can see it is going upward on the channel.
Everyone has such a chart in the terminal, what to post it?
Your mind is the most important thing here. A broken uptrend channel can mean anything - ten different people will see ten different development paths.
Here are at least four scenarios at a glance, and they are all valid right now: growth resumption, a flat, a pullback and resumption of growth, a pullback and a reversal.
Oh, and on the subject of the global-philosophical:
I was recently thinking that news and technical factors have almost no effect on currency movements. But first of all, it is influenced by the interests of those who move money in a large way. If they want growth - they will say: "see, there is a bailout for Greece, everything is OK", if they want fall - they will say: "see, Greece has so many problems that the economy is about to fall". It was noticed that the strong movements of EUR and USD were connected with the release of the data on the US housing market and German purchases - that is what the news headlines and analysts were beating their chests with the heels. Like "the German data is positive - see - now the dollar is up" and "the US housing data is horrible - the dollar is down". But! The other time these data came out - the market ignored it and went anyway. A positive German index and the EUR goes down, a negative housing market data and the USD goes up.
It is not news that determine the market's rhythm, but news agencies adjust the news context to justify the price movement. Like a magician's hand, at the right moment, the right news is fed into the spotlight.
That's what's always amused me, "here's a screenshot of the graph - draw your own conclusions". :-)))Everyone has such a chart in the terminal, what to post it?
The thoughts are the most important thing here. A broken uptrend can mean anything - ten different people will see ten different tracks.
But I would be VERY INTERESTED TO Hear YOUR PERSONAL VIEW OF THIS PICTURE ????????????