Please allow me to elaborate and forgive me the impertinence of using your own chart, which I marked with my own numbers, below.
I believe that we are forming now wave wave C (from 1.97 to 2.01), which will be made up of 5 waves.
Since wave 1 on my chart was an impulse consisting of 5 subwaves, we will expect another impulse wave to follow after we finish the correction marked wave 2.
Correction should be around 50% (anywhere from 38 to 61.8%, typically)
After the correction we should see another wave up, an impulse wave, consisting also of 5 smaller waves, followed by wave 4 down and 5 up, as marked.
After wave 5, sharp decline from 2.01 down to 1.90's.
MikeAttached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13956&stc=1&thumb=1&d=1209249790
Here is my longer term chart Gbp/Usd thats was posted earlier this month
original postAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13962&stc=1&d=1209325422
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Gbp/Usd
Trade set -up results .......http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
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Original post Fri 4/25/08
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http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13985&stc=1&thumb=1&d=1209379060
Eur/Usd
Probable wave-count ( Short Term )
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Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14068&stc=1&thumb=1&d=1209536569
Push to End of Wave 5 ..............has now happened.... http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Usd/Cad
Short-Term Wave-count ......
Here is look at what may be occurring ........... http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Only a Probability.................. Not Cast in Stone !
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Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14091&stc=1&thumb=1&d=1209571890
This is not true :
the most manipulated market in existence is individual Stocks
look what happened to Bear Sterns ,
and Enron , and Worldcom , and Tyco
the executives at Tyco
were approving personal loans for themselves ,
Stocks are valued on future anticipated values and the exuctives
play the game of giving us a small growth number
so that they can beat the number next quarter when
they report it to prop up their stock prices ,,,,,,
( Google was a great example of this recently )
Also ,
analysts only give Buy Ratings , they never give sell Ratings http://www.learncurrencytrading.com/fxforum/images/smilies/confused.gif
they never tell you to get out of a stock ,
but they always tell you when to buy and when to buy more
theses are just a few points that tell that stocks are manipulated -
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Here is the Canadian Dollar Result Chart today , ................
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keep reading Pretcher's book , and don't disrespect the Usd/Cad pair
or any other Currency Pair like this anymore .........
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if you don't see a wave count ,
just simply ask someone else for a count ....................
this is what's called being humble
( don't trash talk and disrespect the pair )
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Always Remember ,
just because you don't see a wave count -
doesn't mean there i'snt one there .............
we all don't see the world the same way
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and besides ,
the markets are dynamic , So you can't see all the wave-counts .
there is always another wave count
there is always another point of view
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You just need to do some extensive homework over the next year
of your life ...... give yourself time ,,,,,,,,,and read books .
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Us Dollar
Usd/Chf
Here is a look at what may be occurring today .....http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Gbp/Usd
Here we go again ? .............http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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US Dollar
Usd/Chf - chart results from yesterdays post
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The patterns are already clear -if you are bearish
-they are always clear , and they are always present.......
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You only see your own view , this is your only true bias ...http://www.learncurrencytrading.com/fxforum/images/smilies/eek.gif
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the markets are dynamic , so how can any one person see all the wave-counts
there is always a bullish view
and
there is always a bearish view
happening at the same time in any market .................
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the waves are there and they are clear , always ................http://www.learncurrencytrading.com/fxforum/images/smilies/cool.gif !
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that's why we have forums like these , so you can come in and see
various views other than your own point of view ......
If a trader doesn't see a wave-count to his/her liking , why do traders say " it's not clear "?
why can't traders be humble and simply ask someone else for a wave-count ?
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anyone who understands that charts are dynamic and is rooted Math and Geometry
would understand that there is no such ling as having the right wave count
All you have as a trader is Probability ...........
-which is to be coupled with Sound Money Management techniques .......
Trading is about your ability to manage Risk, ( no matter what wave-count you think is occurring )
Trading is also about your ability to mange Probabilities .Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14195&stc=1&thumb=1&d=1209750059
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Gbp/Usd
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Wow!...............Success !....................
Here's the result from yesterday's chart post
Both Targets have now been reached -
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See Original Post : # 6889
Time to go Play Golf.........http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Aud/Usd
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Here is a Mid-Term Wave-count ( 4hr bars )
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Only A Probability ! ................ Not Cast in Stone !
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Market,
Looks like we may be heading higher in order to fill the gap at .9830'ish on your chart.
http://i28.tinypic.com/24m6trc.jpg
http://i28.tinypic.com/2tv6u.jpg
Usd/Gbp
These 2 charts
are form last nights overbought condition sell set-up
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this one reached targets really , really fast ,
so , I didnt have time to post the charts
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Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14327&stc=1&thumb=1&d=1210107236
http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14328&stc=1&thumb=1&d=1210107260
Gbp/Usd
These are the charts from today's early trading -
this one was a little tricky , - I didnt take this one
I thought we would get another pullback before the rally into wave "A"
but instead it kept on going up ..............What a Doozie ........... http://www.learncurrencytrading.com/fxforum/images/smilies/rolleyes.gif !
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Usd/Yen
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Here is a new wave count ............http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Let's see where this goes from here
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Only a Probability ,............... Not Cast in Stone ...............
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Gbp/Usd
Here is a look at what may be occurring .......http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Only a Probability, ..................Not Cast in Stone !
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Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14341&stc=1&thumb=1&d=1210121664
This Trade is over now , These are the results :
http://i32.tinypic.com/xglfo3.gif
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