Same here! I've been trying to learn EW as well but sometimes it really confuses me :< I have seen some successful EW traders making some ridiculous S/R calls with high precision.

EURUSD

my long position from 4552 is finally in the green! moving SL to BE now. Looks like the H1 candle is going to close above the 10MA. However sellers are really stepping in at the 47 region.

EURUSD

Agreed. As tempted as it is for me to enter short at its current level, I decided against it for the SL I would have to place will have to be a few pips above the top of the wick and that is waaaaaaay too many pips away for me to set a comfortable ...

EURUSD

Will do. 4587 is actually around the area where I planned to enter if PA confirms a downward movement. On the other hand, there has been reactions on the descending TL drawn from high of last night.

EURUSD

thanks for the EW input! I'm looking for an opportunity to go short and if it is indeed a corrective wave then a short from 4594 would be really ideal for me. As of now, the day candlestick has been shaping up like a shooting star and if it does ...

EURUSD

Gonna be gone for the next few hours. Set my SL a bit lower...a few pips below the anticipated right shoulder. I think the risk/reward is great if this plays out.

EURUSD

I am looking at that too. If that plays out I can see it going back up or close to the HOD at 4647. Also, from the low of day at 4532 to its most recent high 4593, the price seems to be bouncing off the 38.2% fib. In addition, it is too early to ...

EURUSD

Set a limit order to short at 1.4663 (small position) with stop 15pips away. Small and speculative trade in case anything magical happens while I'm asleep. I know it's not exactly the ideal trade hence I kept the position very small with tight SL.

EURUSD

Just wanna say thanks to ken for posting those pdfs. I've studied them today and applied it on my demo trading account. First trade I am up 50 pips so far. Had I not been in a long position still, I would have shorted EUR/USD as the candle closed ...

Ken's Continuing Successes with EO's system

I took a long position earlier tonight when the price broke above the 4546 resistance when it retraced a little and found support at 5EMA. I had my SL set 10pips below the 10EMA at that time for a max loss of ~15EMA. Now as I am getting ready for ...

EURUSD

Hi guys, first post here! I have been studying forex recently and started trading with a demo account last week. I mainly use TA and browse the fundamental aspects from time to time just to see the general market's condition. I've been looking for a ...

EURUSD