Chinook's EUR/USD (E/$)Mumblings

Anybody think EURO will break the lows? The bottom does not look very solid.

 

we have been floating upwards for 3 days now...

wouldn't set any new shorts in this area.

 

Hi Guys...
Euro seems flat as U all experiance every monday...
Did the forecast Chart for it... GL

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=857385> [/B][/QUOTE]


GL

 

According to Advanced GET software the EUR/USD is going down from a daily perspective.

Please observe the chart.

 

What is advanced GET?

I'm short already at 2075 from friday.

 

GL [/B][/QUOTE]

How did you compose this chart?

 

Here is the official website:

http://www.advancedget.com/default.asp

I use the older version of this software, before it was sold to e-signal.

The software is basically used for determining the wave count in an Elliott Wave sequence.

If you're wondering about what Elliott wave theory is, please check this out.

http://www.acrotec.com/ewt.htm

 

Do you find that predicting Elliott waves works?

 

Sometimes it works, and sometimes it doesn't. It usually works better on a daily chart.

In my case, I just use it as a tool with some other indicators that I have developed myself to give me confirmation on a trade.

Using the Elliott wave software gives me a higher probability that a trade will go my way.

I also use Tradestation, e-signal, and some other proprietary software for my analysis of the market.

 

Hello again...
Been doing some more work on some stuff...
if any care to give an opinion about this chart for the euro pls
TIA

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=857811> [/B][/QUOTE]

Might wanna give a week