My FIRST PUBLISHED IDEA it is long until ABC pattern will be finished around 1.19 - 1.20 (PZR) and then after Elliot wave 5 will be finished, short until the parity. There is a Gap that I can not see in my trading platform, but if it is real, make more magnetic the 1.20 zone. Also there is a Channel that possible will finish at PZR. AB=BC and ab=bc Converged at PZR. Mayor 61.8% retracement. NOT sure if it is a CRAB pattern but 1.27 XA Projection and 2.24 AB=CD converge at PZR. The 1.27 Projection Wave 1-3 converge at PZR // possible wave 5 end. From the PZR it is possible project a mayor #AB=CD# that converge at Parity 1eur==1usd.
Disclaimer: Nothing in this site is intended to be a recommendation to buy or sell any futures or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. tradingview.com/chart/cHnNcJqG/
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UnknownUnicorn248023
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While the price does not close under 1.10768 I shall consider a valid Wave 1
--The price were rejected twice at 1.11000
I am not expert, "I am going to the school with this idea", but it is what I can see; Who knows what the future will bring
FullTimeTrader
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Hello, congrats for your first post. Just few non-technical words, It seems you have many ideas on your mind that are not very clear. Trading is a career, like going to the university 5 years or more. So we should start and master the basics first, then continue with more advanced techniques. If you try to learn and apply everything together most probably will get confused and fail.
I suggest to start and master one SERIOUS trading system at a time until you master it. For example this worked fine for me:
- first year: technical analysis (price action) as the basics
- second year: divergence trading or harmonic trading
- third year: harmonic trading
- fourth year: elliott waves
- fifth year: fundamental reseach and others
Avoid holy grial systems based on indicators, social trading, robots, etc,
This is just a rough example. Elliott Waves is very complex, im still studying it, better leave it for now and start and master the basics. Harmonic trading is also good for starting.
Wish you success!!!
UnknownUnicorn248023
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Many Thanks for your words Full TIme Trader,They are very inspiring and show me what to master.
Yes I am reading about everything at the same time and putting all together, so it is a very good advice "Trading is a career, like going to the university 5 years".
I respect your work and ideas!
Wish you success too!!
While the price does not close under 1.10768 I shall consider a valid Wave 1
--The price were rejected twice at 1.11000
I am not expert, "I am going to the school with this idea", but it is what I can see; Who knows what the future will bring