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Now on the small wave 3 down that may be complete now are you looking for the wave 4 retrace to go to the 38.2 - 50 area (of small wave 3)and then head down to the 1.043 area for small wave 5..Does that make sense..
Never mind I think the light bulb is starting to flicker on..I see where you are getting the 1.04 area..I think anyway..At least I see where I am getting it from..lol
Think I am going to sit out for a while and read about elliott and goodman some more..What I am doing now for sure isn't working and tired of watching my money go bye bye..
I have a practice account and was doing pretty good so went live and haven't done so well..I know emotions play a lot with me not wanting to lose so get out early and end up going the right direction..Then get mad at myself for not toughing it out..I am determined to figure it out just going to take time..My old boss always said if it was so easy everyone would be doing it..
I am going to have to just sit back and watch for awhile til I can get more comfortable..Thanks for the encouragement though..Definitely like the possibility to make that kind of money in a couple months..I live in a hole in the wall town with almost no work available that I am qualified to do and thought this would be a way I could make money at home..That's my goal anyway..
WOW that is awesome..I hope I can do that some day..In the past I have always been able to grasp things relatively quick but having a very hard time with this so far..
The hell of it is I was averaged in about 1.0680 for short..I shorted way to early last week and bought several times to average in..I ended up using everything in my account and had enough margin to make about 1.0851 or so and I think it hit 1.0856 and closed me out..I would be doing good right now but that's a lesson learned..Only good thing is I am only using about 500.00 in my account..
Damn I give up..Maybe this isn't for me after all..
wouldn't the blue matrix be one skinny one fat
So on these matrix's that makes sense but on the bigger picture it could be totally wrong..
This is something else I was looking at just didn't put the other lines on there..Didn't want to clutter but here they are..
Purple matrix has retraced about 70 % or so..My fibs don't show the next fib after 61.8..Light blue matrix retraced about 30 pips beyond 50 and is within about 6 or 8 pips of a complete matrix..So I was assuming no matter which one you looked at it should go up whether a 50 retrace on the light blue or a continued rally on the purple..Does that make sense??
That's what I came up with also between the 38.2 and 50...Glad someone with more experience is saying the same thing..
Thanks I found on Oanda's site where the annual statement was just didn't know if they sent something or not..
Question about taxes...Does Oanda send a statement in the mail or do you have to download it..
Man that's the truth
Just have to keep learning and reading..I read pretty much every post on here and look at the charts posted to try and see what y'all are seeing..Will take a lot more time..
I was doing pretty good with the goodman stuff up until that point..Doubled 300 dollars in about 10 days or so..Like I said a small account to learn with but still an eye opener..It had already retraced to the 38.2 fib and when it started going down as soon as it fell below the previous low I shorted it and that was a big time mistake..Noticed you were in Texas from your profile..Where about..
Well I ended up averaging up several times thinking it was going to turn..Hell of it was I got margined out at 1.0852 and I think it turned at 1.0856..I was actually laying in bed watching it on my phone when pooof it was gone..Not 5 minutes later it started coming down
I am still thinking it goes down as well..But i also didn't think it was going to go to 1.0850 and ended up getting margined out because of it..Thankfully it is only a small account but still a lesson learned..
OK so what will tell us to go short for the final fifth wave or is it better to wait for the bear bounce and go long..
Since we got a very sharp retrace to the 50 do you think we will go back up some and then drop again to between the 50 and 61.8??
Pennies since we set a new high are we only looking at the current matrix as far as Goodman goes..From 1.0596 to 1.0855
Yea it definitely messed me up last week..
Good deal..Maybe I am finally learning something..Maybe I should say retaining something..So much stuff to learn and so many different ways it could play out..
I am all for the 1.0480 area..
And a break above 1.0846 would confirm an uptrend??
Do we need to get below the 1.06 area to confirm a wave 3 down??
I knew that just wasnt thinking right..I sure hope your right..I have been upside down for awhile..Should have cut my looses a long time ago but didn't think it was going this high..
So your thinking we have 4 more waves down..
OK Thanks
Pennies can you post a chart of what your thinking..
I hope so..Need to get back below 1.07 so I can breath a little easier..
I thought good news for US meant price would go down on AU??That was good news right??
Pennies you still looking at 1.0460 area for AU
Gotcha..Thanks for all the help and have a good weekend..Off to the real job for awhile..