GBPUSD more charts
additional charts on the lower TFs
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Taking a break fr. wave counts & Time/matrixes
here's some simple patterns--too obvious maybe?
The Euro Rising wedge/ending diag.
a closing of the 12hr/daily candle -- below 2ndary UTL helps confirm
a possible CP south (given a minor retrace bounce--5713/54 or 75)
Swissy & USDx 12 hr sym triag. brkouts
Cable daily - Hd and S--will the extended Nk line pan out?
and a descending triag/wedge
--was an ending diagonal/falling wdge only head faked broken in the 4hr frame?
--yet upper wedge band still holding 4hr candle closes (~9700)
Signs of USD strength confirming in many markts
Gold, the Tranys & the Dow (now above it's Feb peak 12,800s)
Dare I suppose that a $ rally has legs
Euro to 1.53 --Cable 1.9180
Gold to test $850/775---
---???
ps: AmerT will be back --He's a real deal TRADER
and fine stand up fellow Good call on Gold , tho (sell into seasonal retrace)
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hello guys
This is the count that I follow for USDJPY.
Wave A was 440 pips, wave C will be 440 pips at 104.40, which is just about now.
Again, 104.97 is our "line in the sand".
I am going short as of this moment against 105.1
Mike
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13898&stc=1&thumb=1&d=1209080335
Possible USDCHF M5 count ...
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13902&stc=1&thumb=1&d=1209087874
EURUSD count to support USDCHF count ...Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13903&stc=1&thumb=1&d=1209088536
USD/JPY hourly. No wave counts here.
I am definitely long term bearish this pair. But the hourly chart is forming what looks like a cup and handle pattern. I am still waiting to go short, but I'd wait for a clearer signal. This pair is clearly in correction, and the wave count is giving me a major headache. My ideal count is with Mike, AT, Ray, Jimbo and some others, where 104.97 cannot be exceeded. But then again, there are always alternate counts.
http://www.geocities.com/zhliew/trading/JPY/JPYhourly0424_1.jpg
AUDUSD M15 count ...
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13906&stc=1&thumb=1&d=1209090878
cable
Updated chart, minimum expectations for the wave 3 move have been met. However i feel there is potential for a deeper set back to 19650 or lower before the larger correction starts.
regards
Ray
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13907&stc=1&d=1209107375
Chakow, I'm not so sure about GBP/JPY going down. You can see from the count bellow wave 4 ( if it's a wave 4 http://www.learncurrencytrading.com/fxforum/images/smilies/confused.gif ) should end around wave 4 of one lesser degree or 213 area.
As per USD/JPY if it holds here and consolidate for a while then by doing the math I think there is some room for cable to go up.Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13909&stc=1&thumb=1&d=1209113962
Not so sure about that too. If my count is correct then the recent drop is wave C of (IV) and a new high is to follow.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13914&stc=1&d=1209118931
Yes, something like the chart bellow.
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Ray, here is the count on cable I'm following at the moment. I think we are in wave C up or as EG888 posted yesterday wave 3 up.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13920&stc=1&d=1209122052
update to last night AUDUSD post ... entry set for E=0.9430 ... entry missed.Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13912&stc=1&thumb=1&d=1209116234
http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13913&stc=1&thumb=1&d=1209116282
Hi Jimbo I agree with you!!
However i think a EUR retrace in in the wing soon. What doo u think?
As for cable see chart below, i was right about one stab lower then a reverse, what count are you following on cable at the moment.
I have gone short here on cable again.
I have also closed all shorts on EURGBP. seems like 5 wave down complete!
let me know your thoughts.
REgards
RayAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13917&stc=1&d=1209120337 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13918&stc=1&d=1209120470
Thanks
Jimbo
Whats do you make of EURGBP, agree with my count above?
I have a chart on H4 on cable if your heart is bearish like Jamie.
Jamie some input please, us guys here are hard at work here can we have some input thanks.
Regards
Ray
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13921&stc=1&d=1209122443
GBPUSD M5 count ...
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Gbpusd
I know many do not advocate counting waves on charts lower than 1hour.
But I still do and it sometimes helps me.
1.9677 is the new low which I consider as the end of wave Bc5 on the Daily /4hour chart. And this rally thru the London session is the wave C31 topped at 1.9885.
Looking for a wave 2 retrace now before the potential wave C33 Rally.
Price lower than 1.9677 invalidates this count.
EGhttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13925&stc=1&d=1209128093
Gbpusd
while waiting for that wave 2 retracement to happen, I was again proven wrong in my initial count on the 5 minute chart.
Using fibs, stochastics and Divergence...... now is probably the time to wait on that retracement for wave B or 2. Then we trade the wave C or 3.
Have been burnt too many times trading the 2, 4 and B. SO will really need to wait on the impulsive waves to trade and the A and C instead of getting stuck with drawdowns again.
EGhttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13935&stc=1&d=1209143402
GBPUSD Alternative to my previous count
on this 5min chart, could this be a head and shoulder pattern indicating amove to the UPSIDE?
My wave counts on this chart I think would support an irregular wave B or 2.
A 38.2% retracement favours
1. a wave 3 in progress inside this wave C3 up or
2. a Zigzag abc
which supports the possible inverse head and shoulders that I think has broken the neckline on this chart.
Then Time-wise, I think it supports the potential to go up now too.
Technically, Wave 2 normally retraces wave 1 by 61.8%. But the range could be 38.2 to 100% of wave 1. 38.2% retracement though is often found in extended waves specially wave 3 where the market has so much adrenaline to continue heading for the main trend thus not waitng for the market to retrace to the usual 61.8%
The B on the otherhand has the Zigzag wave having a potential retracement of 38.2% - 80%
Both of which can lead to a wC=wA or a w3=w1 Projection
Looking towards Stochastics for some clue...... It would seem that the move from 1.9677 going up to 1.9885 may have been in 3 waves (although in my chart I labelled it in 5). Labelling it in 3 will not qualify for the usual maximum allowed for C to be @ FE 161.8 of A. Here it is already at FE 425 based on the RED FE tool. So this may still be a 5 wave structured A.
Then B or 2 I was expecting to retrace towards 61.8% level @ 1.9757. However, wB/2-b went higher than previous high of 1.9885. So, now I have an Irregular FLAT B or 2 which would have a wc projection of up to FE 161.8%. However, I think I see an inverse Head and shoulder pattern on the chart with more than FE 100. Then to me it is possible that B or 2 may end at this level and start moving UP very soon.
So for me, when I start getting confused with the different signals on my wave counts, I refer to other strategies and tools to help me out. Or I stay on the sidelines to watch for a clearer picture now.
EGhttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13947&stc=1&d=1209163576
[ 本帖最后由 hefeiddd 于 2008-5-10 19:10 编辑 ]
Usd/jpy
Hey Guys,
The USD/JPY seems to be nearing the end of the big correction finally. Looking at the two hour chart below, the recent rally to new highs has met minimum requirements to complete wave 'C' in five waves. It's time now to close out longs and start looking for shorts. Of course, a signal to enter will now be five waves to the downside and a pullback.
Just as a side note - The rally may not be finished yet, but the risk of being long now isn't in our favor anymore. So I'm taking profits now and sitting aside until I see what happens next.
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EUR/GBP Waves
hey guys
take a look at the weekly on EURGBP below
Does the count fit well with every one...
I think wait for a retrace to the 80 level to get short again?
jimbo what your thoughts on this weekly count, does it look right? or is the Big five really a 3??
thoughts please!
Ray
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=13927&stc=1&d=1209128424
Aud/usd
Here is what may be happening in the AUD/USD...
http://i29.tinypic.com/2v3h9hc.jpg
Here is your chart from earlier this morning
your chart illustrates the end of wave 4 is near
my chart illustrates the end of Wave A is near
( maybe similar in impulse in the downtrend 5 wave count )
but , NO
We Don't have the same count -
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anyway .
good trading to you ,
i hope you get your up coming wave 5 low as illustrated in your chart
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