just finished decent scalps on longs above 5598 to the current high and then shorts from around the highs for another 27 pips.

leaving for the better part of the day and leaving intact short entries from around close to 5666 with stops above.
i hope to see 5585-5666 getting palyed out and anything above or below i don't have stomach for it today..
come tomorrow and depending upon the numbers 5775-85 would be on the cards. possible extension testing 5820 region (would not miss shorts with tight stops)

last week or so is just take what u can and make a run for it.....
things should be clearer once the NFP is out the way..

GL..........

Attached Files

Fiber.doc (527.5 KB, 168 views)

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

Went long at 5575 and TP at 5620.
Took a short now, waiting for the GDP.

Hi b3,

Actually I plan to play after wave C is finished (similar to stryker), that is going short around 1,5779. Today, 1,5641 is merely a 50 fib retracement, not as high as I would like it to be 61.8 fib retracement to 1,5673, but it's still early today. Depending on the price movement after NFP on Friday (NFP is very unpredictable), I may decide to even play safer, that is proving that EUR indeed falls down further in wave 1 after wave C is finished, retraced to wave 2, then I will definitely enter going short for wave 3.

I currently live in HK, GMT+8

GL.

Hey stryker - I tried to download your link and it keeps crashing my browser? Anyone else having a problem?

Thanks stryker - am learning lots from you and your friends here.

I have down loaded the link with no problem.
I like to thank you for the great materials you're posting which I call "STU" (Stryker's Trading University).
Thanks& GL.

Too many charts and TL keep crashin computers

No all fine here.
b3

All right, sounds good, getting more and more comfortable with the combination of EW and fibos.

Strykers Tls though still keep wondering me...he does not combine EW 2-4 and 1-3 trend channels - so what concept is this - pretty accurately predicting tops and bottoms


Best wishes to HK -- nice!
I am based in the heart of the Alps Innsbruck/ Austria !

GL today !

Thanks stryker for the charts, most interesting!

Do you have Microsoft Word installed ? A recent version?

Hallo Innsbruck, ich selbst bin aufgewachsen in der Scheiz, in der Naehe von Zuerich, lebe seit einiger Zeit 1-1/2 Stunden westlich von Boston. Hier giebt es keine Alpen, jedoch viele Waelder und kleine Seen. Nicht so dicht besiedelt wie die Schweiz.

Stryker trades purely based on Trend Line. He is the expert on it. Any method of trading in the hand of a capable person can be profitable.

Check out the strategy forum (see in particular Elliot Wave forum) for very good posting from members such as brad. He combines many of these methods (Fib, EW, TL, candlestick, and other technical indicators) to give some really interesting trade recommendation.

Yes thanks - I have the latest version Word 2007. So that link worked for you then?

Greetings in die Boston Area - schon länger dort ?
Bin auch 3-4 mal p.a. in den USA seit ca 12 Jahren - geschäftlich aber mehr in der LA Gegend-

halbjaehrlich seit 1987, habe meinen Wohnort in der Schweiz aufgegeben in 2001

Allways does, stryker's charts are very nice as you can enlarge them in Microsoft Word.

Ok thanks everyone I got that to work by downloading it rather than trying to open it from the link.

Can someone please tell me what it means on the chart when stryker said - T1 is to be tested?