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?

Only stryker can tell you exactly what he meant, however, I interpret his statement that price action will bounce off of T1 or may even break through it if None Farm Payrolls are really bad, -200'000 or so a break of T1 could happen I would think.

Toll, daß noch mehr Deutsche da sind, dachte schon, ich wäre der Einzige

hello any idea where euro is headng??

well there u go, it end up meeting resis at 5695 which on the current 4 hrs was around 5597-98....
my shorts were stopped out at 5674, my stops were tight....... came back and saw the decline from 5599 high..
5505 was gapped out for 4 pips on the gdp news i guess...
managed to get in at 5653 and just seeing my limits hit at 5599..... the daily basket is over 130 pips on multiple lottages and that feels good......
i would try small longs from 5585 now while again staying light and tight stops.... i would be happy with a retest of 5625 from there.. if it happens as i would be out agian and wont be here to pamper them.....

GL...

__________________
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...

I am trying to figure out why we are tanking so hard? We touched 15700 and now back below 15600? I went to the bank and this occured. I am baffled.

oil down $2.52. perfect time for me to add to my longs. i already have 2 lots open @5620. i will double those if we reach 5580. ill meet you guys at the bank.

Perfect Calls again today Stryker ! Congrats ! ....entered short as well when coming back to office @ 1,5660 as i missed top but bailed out a bit earlier at 1,5626

GL to all

YES pf0351........ u r absolutely rt... thanks for explaining it out....
T1 points to the trend line number one i have drawn and T2 points to the next one(trend line number 2) and so on....
for those new here and wondering if i use EW counts, the answer is no as i have no clue on how EW works..... i at the same time don't base my charting on the normal or the standard format of plotting charting... i have derived or have accustomed to my own unorthodox of treandline plotting and i'm pretty comfortable about it........
as long as it works for me, i would stick to it....... when it becomes obsolete may be then i would stop trading as i personally cannot trade w/o them.....

GL.........

__________________
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...

Allright guys. I am doing fairly well today. Also about 130 pips profit.
Now, I assume wave 3 (or C) of the correction finished at 15700 and we are now in wave 1 of a 5 wave downtrend. Am I correct?
Tomorrow we have NFPs and I expect them to be bad, given the unemployment data of this week. Where would that fit in the EW pattern?

So actually there are no certain rules w regards to the Tls you see/ draw-- you take a look at the charts and 'feel' where the Tls have to be so that it all makes sense at the end of the day.

i do follow the basic concepts, but over the years yes i have developed other ways of plotting them as they have been back tested and before i started implying them for trades.... plus most of my charts are preposted before the actual price action happens......
in the end when trading forex, what works for you, you should tick to it, otherwise there are too many tools for trading..... the simplicity is the best policy and thats what i stick to..........

GL........ im out a here.. longs in at 5587.. stops rt below the low at 5564.....

EDIT:: longs with trailing 15 pips stops....... ammended the limit to 5648.............

__________________
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...