EUR/USD is going up

EUR/USD is going up 1.35753. 3-Elliotte Wave is developping ( 1 minute chart). I favor using 1 minute chart.


Would you be good enough to show the time frame on your charts as you post them so we can follow along, thanks

EU going up for sure next stop 1.3 or 1.4 reason is coz its extremely oversold all analysts are bullish on it, not coz of some unproven wave.

You humor me. Analysts are unproven. And I assure you if everyone was sold on the idea that it’s time to go long EURUSD, there would quite a huge spike at the moment.

If you ask me, EURUSD looks lost and can’t find it’s direction at the moment. Been like that for the last week or so. That being said, I’m not in the market.

And Elliot Wave does not need to be proven. That’s why it’s called a theory.

You may be quite right as to the future direction, I wish you would qualify your opinion with some charts, that way we can all learn.

well we’ll see EU to reach 1.3 or 1.4 I’m already up 130 pips and have taken partial profit. :wink:

If you ask me,

not asking you

I assure you if everyone was sold on the idea that it’s time to go long EURUSD, there would quite a huge spike at the moment.

don’t need your assurance least of all from you (based on your spike) besides any assurance from you means nothing anyway, I don’t concern my self with spikes I look at OI and futures volume.

EURUSD looks lost and can’t find it’s direction at the moment. Been like that for the last week or so.

Yes to you it would seem that way. However like I said its not so and my 100 pips says so with more to come.

That being said, I’m not in the market.

Well I agree with you on that … someone like you shouldn’t be in the market atleast for a couple of months or even a year or two.

And Elliot Wave does not need to be proven. That’s why it’s called a theory.

Well sorry not very good in english, its not my first language, my understanding of a theory in this particular context was point number 1 at the following link, why not have a look.

Theory | Define Theory at Dictionary.com

as in einstein’s theory of relativity or pythagoras theorum, which are proven mathematically and as the dictionary says used as “principles of explanation”

You were probably refering to point number 7?

update

even though english is not my primary language it appears I’m right and your wrong. Its not the elliot wave theory, in fact its a principle, the inventor (or should i say discoverer … probably not) of Elliot wave called his book “The Wave Principle”

I dont know if you’re talking to me but in case you are I’d just like to say my TA is really bad, all I’ve done with TA is lose money, FA has changed that and i try to look at it from a fundamental perspective.

wow man, how old are you 12? Don’t you think that if elliot waves were a principle, everyone would be using them and making alot of money?

why did the author call it a principle?

or was he wrong in saying that and its actually not a principle, which is what i was saying all along.

Anyway your logic is flawed because by your logic just because the nuclear bomb is based on the principle of nuclear fission every country in the world would make them.

Thank heaven’s the world doesn’t have your logic coz if it were so we’d all be dead :confused:

how old are you 8?

200 pips up guys hope you’re enjoyed the ride :slight_smile: take some more partial profit

Every country in the world pursues nuclear energy/weapons, just cause so doesn’t mean we all would be dead. If you even consider any international relations or game theory (not principle) involved, but since your still in middle school I will forgive you for that. There are bigger forces involved that prevents countries from attaining weapons/energy (Iran, North Korea). Now the author called it principle for any number of reasons, maybe to make it sell.

since you’re clearly 8 years old I’ll try to put what I said as simple as possible

Even if there is a principle, it may be arcane and hard to understand so everybody cant apply it even if they try. By saying if EW were a principle and therefore everybody would be rich as you said just proves your age despite me trying to explain it isn’t so which you clearly cant understand.

Whatever method that allows you to take some money from the market is the right one.