It's scary how normal, ration and often very intelligent people can be reduced to faulty automatons when confronted by a computer generated chart.

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Still. I can't complain too much, While that was going on I was making 61 pips in the Euro/$.

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All for the sake of a 6 point higher entry you lose 100 points. Don't it p1ss you off? What sort of ratio do you call that? Tight Ar$e:Tears?

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Bumasoft - yes you are.of course, correct in saying that> But I lump that in under general money management. Sadly, however, I often (usually?) forget to look at it before risking some more of my demo account!!

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Shouldn't your stop loss placing be governed by your strategy alone? And then the size of your position be determined by your money management rules (ie, how much of your account your are prepared to risk on one trade) which, in turn, is controlled ...

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CAD — Is 12286 in the CAD one of them there intraday RBS buys? Or should that have been 12292?

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This is one of those pearls that should be printed out and put on every traders wall! It is the mother of all frozen trigger fingers.

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In confluence with a 61.8 from lower down the trend. Plus there is a 100% Fib extension taken from the recent up move at 12330.

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Red Cabbage - LOL! The weekend is going to be filled with videos!!

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misterboy - why not a bit lower at 12300/35?

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Red Cabbage - where's that damn switch? I know it's here somewhere. Thexder - Well done! I hope to be joining you soon both in the light and the beer!

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LOL! I wish I could. As I think I mentioned in an earlier post, they can be a bit of a curse. When you're studying them you struggle to see them - now I can't help but see them! Still, maybe one day I'll reduce it down to seeing them but not being ...

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Hi Orcus I guess we'll soon see what's going to happen!! Since I've found this stuff and this thread I love watching what happens when the market reaches these levels.

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I know it's getting a bit late in the day to be looking for new trades but is the Euro/USD worth looking at? It is approaching a level that it bounced off earlier in the day which is also an old level that has provided both support and resistance in ...

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See attached charts. Yes I can totally agree with that. Been there, done that!

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Hey, thanks for that. I appreciate it. So, looking at the 1 hour bar (12.00-13-00 gmt) to me that really looked like there is a shortage of supply and plenty of demand. So, if the market revisited that level, would you still consider the trade as ...

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Hi Red Cabbage - Can I ask where you got those levels from and the logic behind choosing them. And I also asked a question back in post #7825 about time frames - you probably missed it this is one busy thread. But, if you can find the time to answer ...

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Ooops sorry. I didn't see that Bumasoft had posted his personal site. The link I put up has quite a few videos of his but I guess they will be on his site too. Ho hum! Anyway, thanks for the other link Bumasoft. I'll take a look at it today and see ...

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Here you go - url

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By way of a caveat (we Elliotticians have a lot of those), the last attempt at 13330 may have been was is called 'a wave 5 failure'. In which case this down wave would be the wave 1 of a larger degree down move. If this is the case then the market ...

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