Eur/Usd TA

[fxValius]

Hello everyone,

I have been looking for a good mechanical trading system for about 1 year. Now i realize that there is no such a system which can bring you money only for few mouse clicks when the indicators shows to do that . Trading is like any other job in the world. It requires hard work every day. And if we want to do the job well, we need to develop good skills. So i opened this thread, because i want to have more experience in trading, to improve myself not just in TA, but and in trading psichology . Hope you guys will help me with your advices and criticism.

My analysis is based on Elliott Wave Theory. I know that there are a lot of sceptics about it, but when you add some indicators and other TA tools, the system becomes very powerful. However, good money management is necessary.

[fxValius]

I think, we are now in a wedge or in a horizontal triangle. This is not very important, because i, ii, iii, iv or a, b, c, d pattern is formed and Stochastic is near the bearish crossover, so next move should be down(v or e).

I have the position opend at 1.2001.

Stoploss: 1.2051
Takeprofit:1.1941

[ak24]

Hi Valiau i am new to forex before i trade stocks, but in 1995 done with a minus. Would be interesting to chat with some people about some trading techniques.I speak Lithuanian and live in Kaunas at this moment.

[fxValius]

Originally Posted by ak24

Hi Valiau i am new to forex before i trade stocks, but in 1995 done with a minus. Would be interesting to chat with some people about some trading techniques.I speak Lithuanian and live in Kaunas at this moment.

Hi, ak24

It's nice to meet lithuanian in this forum. You can find a lot of people who know much about forex in IRC rooms like #forex or #akciju_birza.

[fxValius]

My first scenario failed, but i'm still bearish

Stoploss: 1.2051
Takeprofit:1.1941

[ak24]

Thanks for info .

[fxValius]

TP triggered at 1.1941

[fxValius]

I think current c vave is not finished yet.

Opened short at 1.1888

SL: 1.1951
TP: 1.1811