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[fxsurfer]

I am going to start a new thread with my simple Elliot Wave trading system.
I am doing this so as not to clog up other threads and also as a personal diary where I can keep track of my charts, analysis and trades as I go. EW trading incorporates many other TA techniques such as trend lines, s+r levels, fib. levels, divergence etc etc. When trading EW, what I am looking for are the major waves, to trade these and to get about 50% of these moves (anywhere between 50-150 pips). As the thread progresses I will add my thoughts and the way I trade the waves so lets me begin.
PS: I am by no means an expert in EW's and am learning as I go, I have been doing this for 6 months and know that I have lots more to learn and that this thread would be a good way to continue advancing. Also my notation is not to EW standards and I hope to improve this as I go.

Entry#1 4Hr chart
End of european trading July 6.
Euro is in minute wave iv up of the larger 3 down. The previous wave iii bottom was at 1.1867 and wave iv has now corrected to 1951 but not cofirming this as the top yet a break below 1.1890 would confirm this wave iv and the start of wave v down to a target of 1.1830. Wave 4's are messy affairs at times and trade these only if you are a good scalper. Levels to watch are 1.1955 and 1.1900. In between here for scalpers only. Long above close of 1.1980 and short on close below 1.1890.
See Daily chart below and 4 hr chart in the next entry

[fxsurfer]

Guys Moneytec opened the thread again,

You two guys hoene003, peteuk are the most disruptive, Peteuk your other alias HenryHub has already been banned. I have only complained twice in the 3-4 years I have been here, the first was henry_hub and 2nd was you again Peteuk.

I will ask once again nicely please go away and leave us beginners alone to lose our money. I have never advertised anything on moneytec and anyone from paltalk that asks about my thread I point them moneytec way- so more business for the best forum on the Net.

All the best,
Fxs

[MAXO]

Hi folks, I am reading this threat with huge interest. I like surfer's and marketwavez's counting - I greet you guys! I am counting eur/usd too. In mine first post I attach two charts with my counting



Successful trading!!!

[peteuk]

Originally Posted by fxsurfer

Guys Moneytec opened the thread again,

You two guys hoene003, peteuk are the most disruptive, Peteuk your other alias HenryHub has already been banned. I have only complained twice in the 3-4 years I have been here, the first was henry_hub and 2nd was you again Peteuk.

I will ask once again nicely please go away and leave us beginners alone to lose our money. I have never advertised anything on moneytec and anyone from paltalk that asks about my thread I point them moneytec way- so more business for the best forum on the Net.

All the best,
Fxs

Look, you know very well you've used this thread to promote yourself as a signal seller and training course provider, where else do your potential customers come from? There's nothing wrong with that I suppose but by doing so you leave yourself open to scrutiny from members like me because this is a public forum. Trade calls you make here and calls you claim to have made in your Paltalk room need to be made in real-time and must be transparent otherwise you are bound to receive criticism.

As for Henry-Hub, who's he when he's at home? Why do you think everyone who doesn't agree with you or calls you out is using an alias? I don't know about Henry-Hub being banned but it doesn't look like he is now, the same as Mule Whipper was banned at one time wasn't he FXsurfer

I'm sure it's not anyones intention to disrupt anything here, it certainly isn't mine but if you regard people questioning your methods or suitability and value as a signal provider or trainer as being disruptive then instead of moaning about it why don't you simply answer their questions in an open and honest way. Could it be that you know very well your trading methods simply don't work and so avoid answering? Instead of trying to silence your critics why not reply to them in a reasonable manner, I am you will receive the same courtesy you extend to others.

[FXscalper]

Originally Posted by peteuk

Trade calls you make here and calls you claim to have made in your Paltalk room need to be made in real-time and must be transparent otherwise you are bound to receive criticism.

I don't know. You must be talking about another person. FXsurfer is the only trader on moneytec who share his realtime screen shots of his real account over the history of this thread. he show the losers as well as the winners, he never claimed things after the fact like other threads do.

surfer is the only trader who trade his calls with his real money, and he's the only one who have tight stops caring for his money and for whoever follows him. he even try to place his stop on b'even or at +1 as soon as possible (realtime) although he might be confident about the direction. this is to save the newbies money even if the market stopped them at +1 and went back again hitting their targets. there's always chance to trade again rather than risking their savings on one trade. i really respect that as it offer traders a low risk trades for their hard earned money.

if transperancy is your real concern, then you have a better field at other threads. those hotshots who goes -300 pips before they see their first +1 pip and they don't give a damn about posting their stops, they just disappear in their cages then come after a month saying TARGET HIT....what a clowns.... and if you dared to ask them where is the screen shot, they would reverse the quesion asking you to put up your calls or shut up.....those are who purely want to show that at some point of time they closed with profit even if it took them a month or a year. we all know that this can not be done with real money in a leveraged market like FX unless they are trading on 1:1 leverage so they better go to the exchange shop in the street and do their business rather than margin broker. no forex trader goes -300 and still claim he's not stopped. he must be an idtiot or not really trading what he calls. they make such calls to market their website, but what about the newbie who might be following them by mistake. he don't have a million to cover for this one lot forever. they definetly can not trade their money using such calls. so my advice for you, such transperancy issue should be addressed somewhere else. This is the place of those who brought transperancy to moneytec.

In case you didn't notice, this thread is the most visited in the history of moneytec. it has the record number of views and replies. it's ranked by 101 voters with an average of "excellent". Most posters here are advanced traders who only found this thread as the only inteligent invironment in moneytec. not much newbies here as you see, not many of those who ask: tell me please, should i buy.. should i sell like you see at the other threads....the other threads are way way way below such standard although the others has been here since 5 years as they say. such numbers and success do not come from nowhere and can not be faked, this is the public vote. But definelty such success bring many envious people all the time. but what can one do about it. its a fact of life.

Doubting surfer trading profablity? you are alone in this buddy. of course as you see nobody is supporting you in this. when you just said that, an image jumped to my mind of a dumb kid in the street calling einstien a stupid man. that's why no body is taking you seriously here and all think that you are just an envious soul or alias for another another signal provider whose business was hurt because of surfer success....etc.. yet you keep posting, therefore you difinitely have something for you in this.

AGAIN, If transperancy is your genuine concern, then like i said you have a better field at other threads who calls for 1st buy zone, 2ed buy zone, 3ed buy zone, 4th buy zone, 5th buy zone..not mentioning stops although they are 300 pips underwater..then they finally have a lucky move after months in dispair and there you go "target hit"...bravo..there you should go post your transperancy concerns

so when someone like you come now want to stir things up cause surfer success brings nightmares to your sleep, he have no suppporter like you see, only a hoene....and the hoene people can be found everywhere....sometimes the deliberatly stick to your shoes

last thing, though i know you are bitting your nails already: Surfer never had intentions to start a business, surfer was ASKED for business, and i know what i am saying very well , .....now you may resume bitting your nails

Originally Posted by peteuk

As for Henry-Hub, who's he when he's at home? ... I don't know about Henry-Hub being banned but it doesn't look like he is now

His name at home is lucy, sometimes linda

[weissdawg]

Well said FXscalper!!!

[xtsunami]

petey ole boy, you are just not very smart are u?

Claiming that fxsurfer has used this thread to "promote himself" is laughable. But you, on the other hand, with your aliases have used the moneytec forum to promote yourself for a lame attempt at signal calling, teaching, and black boxes.

You should take you moronic, childish, and inane gibberish from all your aliases and move on.

Forget posting that you have sacrificed to bring the "truth" to moneytec. If you were not bitter about your own failed attempts you would not bother. So if you have not gotten the message to now, here it is in no uncertain terms:

GO AWAY! and take twiddle dumber (ignorant hoene) with you.

[peteuk]

Originally Posted by xtsunami

petey ole boy, you are just not very smart are u?

Claiming that fxsurfer has used this thread to "promote himself" is laughable. But you, on the other hand, with your aliases have used the moneytec forum to promote yourself for a lame attempt at signal calling, teaching, and black boxes.

You should take you moronic, childish, and inane gibberish from all your aliases and move on.

Forget posting that you have sacrificed to bring the "truth" to moneytec. If you were not bitter about your own failed attempts you would not bother. So if you have not gotten the message to now, here it is in no uncertain terms:

GO AWAY! and take twiddle dumber (ignorant hoene) with you.

You're not the sharpest knife in the drawer are you xtsunami, I answered your identical comment a week ago here!.

The answer is still the same I'm afraid, no I don't offer training, no I don't offer a signal service, and the system is not for sale no matter how many times you ask, sorry

[peteuk]

Originally Posted by FXscalper

I don't know.

Thanks for your detailed reply FXscalper but the bottom line is do the calls made by FXsurfer and Stoxx_forex make money or lose it. The answer over the past three weeks is clear, they lost money and a lot of it. Two people blew out their accounts because of poor money management and bad calls.

[Pipmaster]

Originally Posted by peteuk

(sigh) Some people just don't know when the party's over or how to accept a virtual handshake

You're obviously following advice from the likes of FXsurfer and Stoxx_forex! If you had the common sense to realise that intraday market moves are little more than noise generated by data and rhetoric from people like Trichet, Bernanke, and Zhou, as well as players whipping suckers like you and your pals around and taking your stops out you would have known to scale into trades and make money instead of losing it!

Both those trades would have produced profit for those who know what they're doing, suckers like you got stopped out for a loss.

Learn the market and how to trade it if you ever want to make money from it.

It's just a shame your lot were stopped out by the 100 pip move down before you had a chance!

Now are we done?

150 a month! The only track record they have is 3 solid weeks of losses, sound like a real bargain

I can see that you don't like the taste of your own medicine! So you have made your first bad call. Yes, of course it could have been turned around with your scaling (or even surfer's averaging), but you didn't call it so you are now talking about something after the fact. I can also see on that statement you posted that you had a loss on these AUD/NZD and USD/JPY trades. What happened to your scaling there?

You see, it's not difficult to emphasise the calls that didn't work out, is it? So why do you and hoene continue to do that while ignoring the ones that did? This thread has been here for 18 months and the signal room for over 3 months. Why do you only ask for the last 3 weeks or 3 days? Someone here has already posted their statment for the first 3 months and if you took the time to look, they made over 1700 pips! They obviously did well, but there is no guarantee that everyone will, as two people have already lost their accounts. Again, you and your friend hoene only focus on these two people whilst ignoring the majority that have already banked their pips.

Not all calls are going to work out and I'm sure you can go through this thread and find some bad patches, but the only way anyone can prove their worth here is to make calls in real time or ahead of time. So you have been invited to do this and we're all waiting! Talking about the past or charting to the left is not going to convince anybody (well, maybe a few).

Lets make this constructive now. I'm interested in this system of yours but prove to me that it works first. Make the calls!

Regards

Pip

[hoene003]

LOL
hahaha Pete, it's always the same story, all students from surfer are send out to this thread to attack every word of critizism, even if only FACTS are showed.

WHY don't you think NOBODY reacts on the enormous number of loosers i put on this thread. They only scream "you can't do this, you can't do that" or but they never react on FACTS and that is the ridiculous amount of losers.

On the room every hour (At least) someone is bounced from the room by Hugo Chavez. Like pipex (Bunnygirl ? a great contributor on moneytec with an oppinion is kicked out the room).

Pipmaster i am still waiting for that traderecord of the last 3 days, you have the list already so just show it here, it can't be a problem for you, thanks.


(BTW more and more i believe this is a culturething, they are all from countries ruled by dictators so they are not used that people show facts if they are not in the dictators interest, you go to prison for that.)

[peteuk]

Originally Posted by Pipmaster

I can see that you don't like the taste of your own medicine! So you have made your first bad call. Yes, of course it could have been turned around with your scaling (or even surfer's averaging), but you didn't call it so you are now talking about something after the fact. I can also see on that statement you posted that you had a loss on these AUD/NZD and USD/JPY trades. What happened to your scaling there?

You see, it's not difficult to emphasise the calls that didn't work out, is it? So why do you and hoene continue to do that while ignoring the ones that did? This thread has been here for 18 months and the signal room for over 3 months. Why do you only ask for the last 3 weeks or 3 days? Someone here has already posted their statment for the first 3 months and if you took the time to look, they made over 1700 pips! They obviously did well, but there is no guarantee that everyone will, as two people have already lost their accounts. Again, you and your friend hoene only focus on these two people whilst ignoring the majority that have already banked their pips.

Not all calls are going to work out and I'm sure you can go through this thread and find some bad patches, but the only way anyone can prove their worth here is to make calls in real time or ahead of time. So you have been invited to do this and we're all waiting! Talking about the past or charting to the left is not going to convince anybody (well, maybe a few).

Lets make this constructive now. I'm interested in this system of yours but prove to me that it works first. Make the calls!

Regards

Pip

Oh Pipmaster, the first lesson to learn is when you're in a hole stop digging! I thought we had put this thing to bed but obviously not.

You and your buddies blow all this smoke and try to shift focus from the real issue which is FXsurfer and his signal service and $5,000 training course. Once someone advertises and promote himself on a public forum he leaves himself wide open to scrutiny and criticism.

FXsurfer's averaging does not in any way compare to my method of scaling in, but again that is not the issue here.

If you understood trading you would understand the significance of my losses on AUD/NZD and USD/JPY compared to my gains on GBP/USD and EUR/USD, but once again my trading is not the issue here.

No one is emphasising or singling out FXsurfer and Stoxx_forex's individual losses, we are looking at overall performance over the past three weeks. The advice they have offered and the calls they have made have directly resulted in two people losing their accounts and they are just the ones we know about and who are honest enough to admit it!

I'm not paid to make calls or trying to sell a signal service and my trading ability is not the thing in question here, whether I make money or not affects no one but me. You may very well be interested in my system but like I told xtsunami it's not for sale, sorry.

Let's make this constructive shall we and discuss FXsurfer's trading methods and results or would that be too painful and revealing?

[peteuk]

Originally Posted by hoene003

LOL
hahaha Pete, it's always the same story, all students from surfer are send out to this thread to attack every word of critizism, even if only FACTS are showed.

WHY don't you think NOBODY reacts on the enormous number of loosers i put on this thread. They only scream "you can't do this, you can't do that" or but they never react on FACTS and that is the ridiculous amount of losers.

On the room every hour (At least) someone is bounced from the room by Hugo Chavez. Like pipex (Bunnygirl ? a great contributor on moneytec with an oppinion is kicked out the room).

Pipmaster i am still waiting for that traderecord of the last 3 days, you have the list already so just show it here, it can't be a problem for you, thanks.


(BTW more and more i believe this is a culturething, they are all from countries ruled by dictators so they are not used that people show facts if they are not in the dictators interest, you go to prison for that.)

You're right, the comments from these people only attack the messengers but I don't see any rebuttals anywhere denying they got slaughtered for the last three weeks! The only thing they can do is blow smoke because the facts speak for themselves.

[joeblack]

bla bla bla... bla bla blaaa......

[Pipmaster]

Originally Posted by hoene003

LOL
Pipmaster i am still waiting for that traderecord of the last 3 days, you have the list already so just show it here, it can't be a problem for you, thanks.

(BTW more and more i believe this is a culturething, they are all from countries ruled by dictators so they are not used that people show facts if they are not in the dictators interest, you go to prison for that.)

The harder you guys laugh the more pain I can sense coming from you. My last post was not meant to set us back but move us forward.

I'm sorry but I don't have a record of the last three weeks or even the last three days. You are asking the wrong person. I don't take all of their trades as I'm not awake 24 hours of the day. I was also away for a week within the last 3. However, someone has provided something even better, their trader record from the room for the last 3 months. This person traded sensibly (mainly 1 lot and occasionally 2) and made over 1700 pips. The other two traded to their limit and lost out. Why do you keep ignoring that?

As for the last three days, let me recall from memory. Stoxx announced a big move north on Cable, he shorted before the BOE announcement and was stopped for about -30, then longed twice during the big move up, for at least +30 and then shorted at the top for +60 so far. But that's only from memory. You guys only seem to remember the -30 and ignore the +90. The last 3 weeks may have been a bit up and down, but the last 3 months have certainly been up!

Another thing, you have a point about "A big move north on cable" is not tradable. Just like the calls from another member of your team, Cat. Blah and Blah is a target as long as blah and blah holds. What people want are timed entry and exit points. The difference is that stoxx followed up his call with exactly that, Cat never has!

Finally, as a British citizen, I agree that Blair is a dictator!

Regards

Pip

[peteuk]

Originally Posted by Pipmaster

Finally, as a British citizen, I agree that Blair is a dictator!

Regards

Pip

At last something we can agree on!!

But seriously, let's make this constructive. You see this is the thing I'm having trouble with, the losses compared to the wins.

For example stoxx says he trades 8 lots and typical trades might go something like this (ignore the actual price, this is just for demonstration purposes) Long at 1.90, price goes up and he starts taking lots off and moving the rest to breakeven way too soon, so he takes 1 lot off at +8, another lot off at +20 and the rest gets stopped out at breakeven. On a losing trade the stop may be 30 pips.

The maths doesn't compute for being consistently profitable. Taking lots off when the trade is in the smallest of profit, and moving stop to break even way too soon where it has a very good chance of being hit, neither of those tactics work from what I have seen, they simply don't add up.

Admittedly I have only seen the past three weeks but even that has shown me enough. I wouldn't have been bothered if all his trades had been losses as we all have losing streaks, it's just the way of trading which I'm having difficulty with, it seems so 'novicy'.

That's just one example, there are many more which relate to the way both these guys trade which gives me the overall impression they are a bit lost themselves and have no place advising others. Their refusal to hold a reasonable discussion or answer questions either here or in the chat room just reinforces my belief.

Please note people, abusive or insulting posts that are not constructive or at least relevant will not be receiving a reply from me, I've replied to too much nonsense already.