Daily EUR/USD trades

Quote from Surdo:

Do you drive forward looking in the rear view mirror?
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Surdo you have to adapt to the market, its organic. Your analysis is not going to be right every time. Its the ones that act accordingly that survive. I trade with 20/20 foresight, not a rear view mirror.
 
It's no use Apex, he's not interested in having an intellectual debate. He just likes to express his negativity and pessimism and that's the end of it. For some reason he has a strong dislike towards Elliott Wave Analysis, I've seen him bashing it in other threads, plus he's gone through the trouble of taking that picture of the rear view mirror. I would guess that he has tried to apply the discipline in the past but failed to grasp the concept.

"Elliott Wave is one of the least correctly understood theories of technical analysis. For those who correctly understand the rules, Elliott Wave Theory has proven to be a reliable basis for interpreting and forecasting price action. For those who don’t, incorrect forecasting will lead many to conclude that Elliott Wave Theory is obsolete."

- Author Unknown
 
It obviously bothers you enough to respond!
If I do not subscribe to a theory that is based upon a rear view mirror, I am therefore a pessimist!

I am successful with my trading, and that's really all that matters to me. Call me selfish.

I am terribly sorry if I insulted your analysis.


Happy Holidays,

el surdo
 
To be honest, I am glad that you dont use it. The less people that use it and think that it only works with 20/20 hindsight the better.
 
Price sitting just above of major weekly support, been tackled twice now. Sellers will definitely try again and again to take that level 1.3123-1.3126 (depending on source). I will be short every time with a 20 pip stop.
 
Quote from apex82:

To be honest, I am glad that you dont use it. The less people that use it and think that it only works with 20/20 hindsight the better.
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More cake for you!

Now let's get back to posting EURUSD trades instead of hijacking this thread for the 4th time.

el surdo
 
Quote from tacmot:

Short EUR/USD at 1.3136, target 1.3119, stop 1.3168. This is a system trade, tacmot
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I assume you require a pretty high % winners for this type of R:R
 
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