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Pennies what will confirm the retrace is done on AU?
Was afraid you might say we were still going up..Guess I will just wait this one out..
Since we are getting two inverted hammer candles back to back on the hourly is that a pretty good sign of reversal??
The emotion part is what I have to work on as well..I get scared a little to easy and exit the trade only to watch it go the way I thought..
If I can remember half of what you say on here I will be doing good..Lesson learned though on the 50..
Do you pretty much always wait for at least the 50 to hit??I shorted way to early on this one and having to ride it out..I thought the 38.2 was it and shorted as soon as it went below the previous low and now I am stuck for awhile..
Thanks will check it out..
Which site do you use for news..That didn't show on Oanda platform..
sent
Can you send me the multi time frame indicator you use??Do you still have my e-mail??
I see it now I had my fibs in the wrong place..
You looking at a bounce up to around 1.0725 if this was the bottom??
Bailed at 1.06175..Had my best day ever today..Hadn't figured the total pips yet and only using 2 micro lots but what a great feeling....
Man I had a take profit at 1.06535 and looks like it hit 1.06539..Talk about close..Hopefully it gets there in a little while again..
Pennies it sure is nice to know where you get those numbers from..I was looking at around 1.0613..
I just happened to go long for a quick few and got way more than I was expecting..
Anybody know what just happened..Oanda doesn't show any news on their platform
Guess I should have waited to short..
Thanks pennies..Maybe I am starting to get the hang of it..
Pennies..Are my thoughts about goodman right on this chart...Legs in blue retraced roughly 35 pips over 50% so target would be in between 165 pips and 235 pips..Actually was roughly 150..Pretty close...Legs in yellow retraced roughly 65 pips over 50% so target area should be between 1.0650 and 1.0520..Is this correct according to goodman rules or are yopu seeing something different..Thanks Robert
Hopefully I will wake up to lots of pips in the morning..
Will do..Thanks..Have to get up early for work so off to bed for me..
OK..I will check out the one on patterns then..I need to go back through your posts and find the link you had for the tdi and read up on it..I know you refer to it quite a bit in your posts..
I went through the babypips school a couple years ago when I was first interested in forex but didn't take the plunge then..I will have to go back and read through it again..I had forgot about it..
Is stockcharts.com the best place to learn about patterns and the different candle formations..That's something else I need to read about..
It seems to make more and more sense every time I can see it on your charts..Still need lots more chart time for sure..
You make my head hurt..lol..I need to read some more on the TDI..I try to look for the elliott waves but I never can see them clearly (until you post them)..That's why I was trying to learn goodman but it has turned out to be a little complicated as well..Some are plain as day but then you get the bounces and retraces that we have had the past couple days and it throws things out of whack..
OK I was just curious..I actually went short around 1.0762 because I didn't think it would break the triple top..Oh well I can wait it out hopefully..
Pennies did you already post where your target is for the top of fifth wave??
Good deal..Looks like I need to wait for it to go below 1.0628 before I short again..Thanks again for all the help..
So your stop loss on that trade was around 1.0825 or so..
Gotcha..guess I am learning a little more all the time..
Pennies I see the possibility of the move back up with the matrix..How do we know if its going up??If we get above 1.0780 go long or below 1.0640 go short??Am I learning??
Does that mean the people that were already short closing that position and going long?
Yea I have noticed it can move very fast..Roughly 85 pips in about 4 or 5 minutes earlier..That's crazy..
Bad thing I was about 10 pips ahead and decided to hold through the news and got stopped out