AUDUSD wave i of III complete
Here is what may be happening with this pair.
I have a current target for wave ii of III at .9372. (the 38.2% retracement is .9367) However, being a wave ii it is possible that it could retrace all of wave i that starts at .9473 before starting wave iii of III down but I do not think the chances are good of going much past my target.
Comments welcome.
http://i28.tinypic.com/t6xovb.jpg
here is my chart, sorry had trouble uploading
mikeAttached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14157&stc=1&thumb=1&d=1209686045
:*19*:
Texas,
We are all learning, so do not be intimidated and i do not claim to be any smarter than anybody else on this forum. Quite the opposite; i am always trying to learn from other guys and this forum is great for that.
I will attach a bigger time frame 1hr chart for AUDUSD and try to decipher your numbering system.
My numbers are totally conservative; if i were aggressive i would show the current iii as a secondary iii and make wave 5 much longer, but i will stay with my conservative wave count until proven the opposite.
Now, to answer your questions:
- wave 2 is usually ABC (or double ABC)
- triangle are found usually in wave 4 or B, so presence of a triangle is a pretty good tell tale sign that we are dealing with wave 4.
MikeAttached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14158&stc=1&thumb=1&d=1209687087
usd-jpy
HI all
can we make this account for this pairs or what is ur opinion
thank u
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14159&stc=1&d=1209692230
Looks like we just completed 5 waves up on the 5 minute charts. I rarely go this low in time frames but thought I would give it a shot.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14160&stc=1&d=1209692947
Catching 5th waves can be difficult sometimes but focus on the big picture. The USDJPY count that treats the rally from 95.72 as a 4th wave is valid as long as 107.20 is intact. There is a 50% fibo at 105.18 as well as a congestion zone. Short term, an ending diagonal may be unfolding from 102.67.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14166&stc=1&d=1209721458
Prepare for a 3rd of a 3rd in the EURUSD. As long as price is below 1.5643, this is my count. Objectives are at 1.5230 and below 1.50. Resistance should be strong up to 1.5540
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14167&stc=1&d=1209721616
Finally, the EURJPY....that trendline comes in near 162.50 (just shy of it actually). Risk is tight at 163 and the downside is enormous....eventually below 149 but a shorter term objectives are at 160.25 and 158.50.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14168&stc=1&d=1209721782
Here is another possible count.Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14171&stc=1&thumb=1&d=1209724084
cable
Here is an update for cable from yesteday. If my count is correct then we can expect the price to accelerate in wave 3 of (C) and break through the resistance hopefuly during the NFP.
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14173&stc=1&thumb=1&d=1209725152
Here is a possible count for NZDUSD ...Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14175&stc=1&thumb=1&d=1209725525
This is probably a wierd count, but it's a possibility ... a Leading Expanding Diagonal ... Time frame is daily USDJPY.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14176&stc=1&d=1209729442
Correction ... had waves W and X swapped.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14177&stc=1&d=1209729742
One more thing before nfp....there is an unothodox trendline at today's high
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14178&stc=1&d=1209730303
Aud Usd
Good Morning all:
Here is my chart for AUDUSD, i will count those subminuette waves in c (there must be 5) before I short the pair, but this will be my intention for the time being.
Once I see those 5 tiny waves, I will short; but it might be a complex correction (double zig zag), so I will put a tight stop, around 20 pips.
Mike
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14181&stc=1&thumb=1&d=1209737094
St,
here is an alternative to my count. It could be that or what market posted above as an update to my original count http://www.learncurrencytrading.com/fxforum/images/smilies/cool.gif
There is a little doubt in my mind that cable is in some sort of correction but what type it is I can only guess. And until it's over we'll keep getting those crazy movements up and down.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14182&stc=1&d=1209737982
Audcad
Update on short term AUDCAD... Short term trend remains downward... Waiting for completion of Correction...
Hopefully you are doing better with this one still Gizmo http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=14184&stc=1&thumb=1&d=1209739510
possibility
what I am currently looking at with my crazy drunken friend Mr. Cable (9622 must hold)
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Usdjpy...
Maybe we have a poosability here.... WEEKLY USDJPY
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usdchf
hey guys
Target met, updated chart from last week on the dailys..
wait for the pull back now to get long again. i guess 104 would be a good area to get long against 10280.
Good weekend all.
Ray
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