Jul 132011
 

The value of going back to the bigger picture is illustrated by yesterday’s moves. We were focusing on the 1 minute chart trying to capture a decline to 1.4050, and missed out the bigger poetntial to the upside because of the completion of an extended 5th wave from the top. Take a look at these two charts and you will understand.

  5 Responses to “Quick update on EUR/USD”

  1. Thanks as always Ramki.

  2. hi…just now started following u on twitter…glad to see an indian doing well in the forex field…been trading forex for myself, HNIs and funds for about 9 years now…with my own methods of course…been my desire to learn elliott waves…will try and make some time for it pretty soon….my forex blog…been running it for a few days when i have the time…

    http://forexnsk.blogspot.com/

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