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06-10-2009, 14:53
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Senior Member
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Join Date: Mar 2009
Posts: 256
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Quote:
Originally Posted by King Pips
Yes Sir But if Elliot Wave holds GBP/USD is going south on a 3 Wave which is the biggest.
EUR/USD too.
EARLY SIGNS THAT I GET.
1) Forming a 1 Wave at bottom Arrow Then 2 Wave can be forming at top Arrow.
2) Stoch Has crossed over at over bought Territory.
3) Candle has come close to 50% Fibo.
4) Div. of Stoch Low to High and the Candles High to Low Yellow Lines.
5) The candle where the top Arrow hit a major Resistance the Blue line a cross and it did break it.
6) Also the candle that hit the Resistance where the top arrow is, the formation of that candle past the high of the previous candle and closed more than 50% down which means reversal to happen.
Look at my Chart below
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Interesting about Wave 3 around the corner....WOW!
With the DOW 9200+ down to 400+...... Wow!
All in line with this economic stuff too.
Regards,
Lrathi
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08-10-2009, 16:16
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Member
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Join Date: Feb 2009
Posts: 40
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lrathi, nice to have you here...... and we won`t ban you!!!!
Regards
Forex37
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09-10-2009, 05:09
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Member
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Join Date: Mar 2009
Location: Pretoria South Africa
Posts: 69
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Quote:
Originally Posted by King Pips
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Elliot waves are a bit like trying to catch smoke. Is there an objective way to measure them?
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09-10-2009, 06:33
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Senior Member
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Join Date: Mar 2009
Posts: 256
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Quote:
Originally Posted by Forex37
lrathi, nice to have you here...... and we won`t ban you!!!!
Regards
Forex37
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Thanks Forex37,
In life, whereever you go there will a minority of strange people who see things differently. From my prespective, they have plenty to learn(adults still in primary school).
Harar's and Paidperpip posts is a summary of the PM's I received:
"Lrathi is a lady of principal. and she sticks to it. When she sees something wrong she points it out.That is all. Unfortunately telling the truth upsets people".
INDREK from FF and VANHOOK (from this forum) belong in that category!!!
It is their problem not mine!
Regards,
Lrathi
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13-10-2009, 04:38
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Junior Member
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Join Date: Oct 2009
Posts: 1
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Systems will remain systems without discipline.
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13-10-2009, 05:51
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Senior Member
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Join Date: Mar 2009
Posts: 164
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Quote:
Originally Posted by xremmy
Systems will remain systems without discipline.
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Thats Right. When you trade. Put your stoploss, when in profit take 1/2 out, bring your stop to break even, then you can put a trailing stop too, and let her go (Systems With Discipline)
Don't Foreget This Rule!
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13-10-2009, 15:29
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Member
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Join Date: Jul 2009
Posts: 60
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Simple yet difficult
Quote:
Originally Posted by King Pips
Thats Right. When you trade. Put your stoploss, when in profit take 1/2 out, bring your stop to break even, then you can put a trailing stop too, and let her go (Systems With Discipline)
Don't Foreget This Rule!
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It took me six months to follow the rule!!! I found out that
it is way better to have a small profit or breakeven and avoid
any loss all of the time.
Cheers,
Webster
E$P$
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14-10-2009, 18:23
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Senior Member
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Join Date: Mar 2009
Posts: 164
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Ashfx Signal Check GBP/USD Today Looks Good So far 1:43pm EST.
As a tip, Div. on CCI an Stoch. are clear from last bar.
Ashfx makes his rules clear, but if he sees a long candle or doji he won't trade, and watches R/S lines. Div. has to be watched too, its not a lagging indicator, just like breakouts of triangles and pivot points. Candle Stick Patterns. (FOREX RULE: Div., Triangle Breakouts, Candle Stick Patterns, Pivot Points and S/R Lines NON LAGGING INDICATORS FOR TRADE SETUPS)
So we can have a strong setup if you want, when one or more of a MACD, CCI, and STOCH, have Div. Breakouts of Triangles, S/R Lines, Pivot Points, together with the Ashfx Signals, this is common sense, because these are non lagging way for setup trades, like Ash himself watches Long Bars and Doji, which is Candle Stick Patterns, that he won't trade, so these setups when they occur will give you early setup trades.
P.S I went in on the GBP/USD at 1.5938 and Div. and Ashfx Signalling a buy coming.
See my chart below on GBP/USD took 1/2 out already
See the Div. Purple lines, on price and CCI, and Stoch, and Ashfx Signal and see also past Triangle Breakout, other patterns will form as price keeps moving as now in a buy.
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14-10-2009, 20:10
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Member
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Join Date: Aug 2009
Location: York
Posts: 41
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Hi King Pips,
Thanks for the post. I've been trading live for 6 months now but still consider myself a definate newbie as there is so much to learn.
I've noticed you have alot of different indicators that you mentioned and I can also see this from your attached screen shot. Is there anywhere I can read how you are set up? what some of these indicators mean and what they give you in conjunction with Ash's signals when deciding to enter a trade?
Any help or explanation you can give would be greatly appreciated
P.S Sorry I know you must get asked this alot.
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14-10-2009, 23:34
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Senior Member
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Join Date: Mar 2009
Posts: 164
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[QUOTE=andybob0001;5572]Hi King Pips,
Thanks for the post. I've been trading live for 6 months now but still consider myself a definate newbie as there is so much to learn.
I've noticed you have alot of different indicators that you mentioned and I can also see this from your attached screen shot. Is there anywhere I can read how you are set up? what some of these indicators mean and what they give you in conjunction with Ash's signals when deciding to enter a trade?
Any help or explanation you can give would be greatly appreciated
P.S Sorry I know you must get asked this alot.[/QUOTE
I Will open a Thread on this Soon Keep an Eye out.
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