Comment by pixta on August 28, 2012 at 6:50pm

all can be... but as it messed up a little bit.. what do you think honey? can you justify such markup pls

Comment by Peter jcp on August 28, 2012 at 6:54pm

Hi Walid - nice chart and I follow your reasoning and trading strategy etc.  We had a high last week at 1.2589 and the high so far today at 2576 - which is atm is a LH. I can scalp sell under 72 but need really 60 and 54 to go to stay in for a small swing down - as if we don't drop there we might try for that high and higher again.

I also have a major resistance area at 2623- 36  to clear to then try for your target area and I believe another EW trader looked upon that price zone as being a wave top for now? 

Unfortunately I have not studied EW theory enough to be able to properly use it and so would be using other methods to intraday trade between all these levels

We are near the end of the month and I think we all realise September could turn out to be a very important month for the EU.

You have some great profit locked in anyway now - and I wish you good luck with your target 

Regards 

Peter

Comment by Walid H Mohamed on August 28, 2012 at 9:42pm

thanks @peter as u see it depending on the time frame which u use in ur analysis and how u see the market direction on it , sure the high was @ 2589 & 2576 but as u see from the beginning 2570 was a next resistance line for me , yesterday i was in a good profit in my short position and didn't exit it , because i'm just focus on one price according to my strategy way and plane , for me 1.2636 playing a a strong stop if u wanna know how i think about my sell position , we need to brake there to see market run bullish again , thanks for ur great comment , finally we all share market ideas here and help each other , have a nice day   

Comment by Walid H Mohamed on August 28, 2012 at 9:48pm

@pixta didn't get ur point ?

Comment by Vincent.cs on August 29, 2012 at 1:03pm

Comment by Vincent.cs on August 29, 2012 at 1:09pm

Hi Mr. Walid, I have a little diff wave count compare to yrs but overall i think our direction pointing to the same side. My targeting zone for wave C is approx 1.27xx & currently is jz a big correction phrase over the pass few months. Sooner n later, Big selling gonna resume. What do u think?? :))

Comment by Walid H Mohamed on August 29, 2012 at 1:19pm

hi cs 

for me 1.2442 is a key , market now run imbalance bullish traders have a high hands on it , what ever the big market sell orders had started @ 1.2442 to keep the market in balance , whatever as u said a big selling gonna resume sooner or later just give it sometime which market need , if u watch the correlation on the market pairs u can recognize it easy that market in a corrective time before we start our new rally 

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