Be patient with it.... there is an Asain central Bank with a do not touch option at 2700.... they will be defending from 2720 down.. ultimately it will break... often of a news spike that they can't defend against.... its just slowing momentum ...

Euro/Dollar

The count is slightly altered to account for the little more down and sideways action over the past few hours.... This is the bounce to get short into or add if you are already short... trades 2782 in Asia as I type.... The count changes take the ...

Euro/Dollar

Looking in detail at the interior waves of red degree v and green degree III, I think we need one more swing below 2718 low so far..... before we bounce back to the area in the box of the post above. This red wave v needs to be formed in five ...

Euro/Dollar

Follow up of yesterday's post. Now that the event risk of he day is past us, we can look for a good place to add to shorts, or get short if you are not already. The attached chart has a box drawn around the price territory of wave iv which is the ...

Euro/Dollar

Special Report: Major Top In Place — I wanted to post this report to show my wave count going all the way back to the September 1.3173 high that shows that we are inside a wave three in four consecutive (nested) degrees. Elliott Wave builds in ...

Euro/Dollar

@IndyTrader — My confusion on this issue stemmed from the fact that the bolded provision was left out of the email. It was later clarified by Justin in the above post. But your point is well taken...

MB Trading Futures - Introduction

Not aware of any rule changes. I did have to restart DeskTop today just 25 minutes before your post because NinjaTrader gave me the error message "Account unavailable for trading", which it got from DeskTop. This may be isolated to me, or to the ...

MB Trading Futures - Introduction

Last post for me... I am booking profit here at the Option strike due to roll off in 1/2 hour... risk looks to be off across the spectrum, so expect downside on EURUSD after the option magnetism is over with at 10 AM NY cut. Don't know if it will ...

Euro/Dollar

Stop on entire position moved to 3038.... a break here would see us retest 3010/20, at or below my basis.... I am not willing to go underwater just to stick to the trade.

Euro/Dollar

Stop moved to Break Even on 1/2 the position leaving the rest against 2980ish.... This is not forming in an impulsive way a wave 5 should unfold. Possibly its optionality influence on PA... but have to consider alternative count that comes into play ...

Euro/Dollar

The Euro crosses are certainly going gangbusters... EURGPB took out an option barrier and EURJPY strong demand... EURUSD seems dragging ball and chain of 3050 oversized strike that won't roll off till 10 AM NY.... stops tripped above 3070, but ...

Euro/Dollar

Just closed my highest EURUSD entry +5 pips.... keeping the other two lower entries long against 2980ish... Its hard to say with the influence of the options strike at 3050 where direction is heading..... given the deeper than optimal retrace of ...

Euro/Dollar

Good chart showing the danger the S&P 500 is in today... If we break out of that multi-month S&P 500 Uptrend, there is no hope for a higher EURUSD. url

Euro/Dollar

European equity open sees us nearly unchanged in equities, with a negative bias... that's good for my trade, but I need to hold it together and not get into a renewed sell off on earnings news. Massive option strike today at 3050 is both supportive ...

Euro/Dollar

2983 to be exact would be the farthest extent we can fall before the current count -- which puts us in a wave 4 looking to catch wave 5 to a high above 3140. Wave four can not overlap wave 1.... I have a heavy short dollar position on across several ...

Euro/Dollar

You gotta love earnings season.... Filled on the 3035, lowered the last tranche entry to 3015 --- Valid wave count until wave 4 would overlap peak of wave 1 @ 1.2980, so stop below that --

Euro/Dollar

Long from 3040 --- couldn't stay out of it as I watched the PA last couple hours -- S&P seems to have found a bottom -- Long AUDUSD and NZDUSD as well.... they have very similar setup to EURUSD right now... Entered 1/3rd position at 3040... have two ...

Euro/Dollar

1.3025 would be enough to tempt me back in for a hold over the weekend... Limit buy orders set 3025 3015 3005 Stop loss 2970 -- breaking 2980 would invalidate the count --

Euro/Dollar

The level we are at is pretty ideal for the bottom of a wave 4, but with the hours left to trade in the week running out, seems unlikely a new meaningful move will get underway today. Better to take the bounce off of S1 as a chance to get out break ...

Euro/Dollar

I just cut these ay 3151 -1 pip.... Its Friday.... the European equities session looks to be cast in stone as a down day.... I am calling it a week....

Euro/Dollar