2012-08-09

Market Talk - EUR

From arthurwsp - Where would I be able to see your labelling of the "past" (meaning from 1996 to date) EUR/USD pair on a monthly and daily chart ?
About my wave count of the long term view, I have posted a monthly chart the beginning of this thread, but it is not dated from 1996 that early. I don't have a wave count for that long term history. IMHO, it's more practical to view and trade with the view of near future.  
From arthurwsp - EUR was given birth only in early 90's, and from MT4, I can see the chart from 1996, and that was why I was hoping you have some work done on the bigger picture. ... If we do not have a perspective, how would we be able to know whether we are trading a 5 waves (impulse) or a 3 waves (correction). I know that is an anticipation.
Before EUR, it was DEM (Deutsche Mark), so we watch DEM's long term chart for the wave structure of EUR's pre-history wave.  Yes, I agree with you that it will be easier to identify the wave if we know where we are. I have been trying to practice to identify a given wave factal to predict what next move could be. That becomes part of my daily life because I day-trade ES (SP futures index). In such a very micro timeframe of day trading, there is no easy way to really know where I am, except to identify the wave pattern in order to predict and trade.
From arthurwsp - I can see the difference between you and me now, but am surprised, because from your blog, you seemed to me to be a swing (long term) trader, but you day-trade ES.
Actually, I day trade ES, swing trade ES if it goes bear market, swing trade EUR, JPR, gold, and long term trade stock. Currently, I guess that EUR is in wave-3._2. I guess that it will have a strong surge when it starts wave-3._3 this afternoon (New York time).

3 comments:

  1. haven't been here a while. was busy.

    Nice work.

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    1. This is Bigbubble. why displayed as "Unknown".

      5555

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    2. Hi Bigbubble - Thanks! I think that it displays Unknown because you have not joined my blog yet. Please click on Join This Site button and join my blog. If you have joined already, you need to make yourself visible. Thanks.

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