Feb 13, 2008 3:22am
Serega
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162 Posts
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gbp/usd 15 min update
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86164&stc=1&thumb=1&d=1202890944
http://www.forexfactory.com/images/buttons/quote.gif #1937
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 3:32am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
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Quote:
Originally Posted by Learntocount http://www.forexfactory.com/images/buttons/viewpost.gif
I seriously doubt this post will last for long, so I hope a few get to read it before it goes away forever...I got my status back....I came here after a long search for a forum without Marketwavez on it...after searching and searching I thought I had found it....unfortunately, I saw a thread he had started and figured this was going to suck, just like the other forums...my one saving grace I thought was that I had been able to get 1k status, a place I know MW could never be since he doesn't trade live. although I found it odd no one ever asked for any verification of my experience...I just wrote a story that could have been true or not and I got my vouches........I saw the same pattern over the next few weeks and seeing some of the things posted by some 1k traders I realized it wasn't a designation for an experienced trader it was for anyone with a story.......thus guys like MW's also got it even though they don't even trade live........have any of you ever sat down and figured out how many trades 1000 is??? for most it would take at least 3 to 4 years of live trading to get there.......has anyone ever met an unprofitable live trader after 1000 live trades? I would submit to you, you have not, but that is the "excuse" that has been adopted for traders that know almost nothing.....I questioned a few peoples experience and the pat answer was 1000k status has nothing to do with being profitable.....well my friends, if a guy has 1000 live trades and is not profitable, he should sit down, read, and shut up........I for one don't need to be privy to someone like thats "knowledge" is that harsh? I'm sorry, but who in here doesn't know it's right?? for the two or three guys in here that have a really good clue on trading, I enjoyed our conversations and would love to stay in contact, you know who you are......for the rest, good luck and instead of a successful money manager to ask questions concerning the EW......you have MW's counts........unfortunately this is always the way these things go, the guys that don't NEED this stuff leave and the guys that can't trade are left to beat thier chests and try to convince people they are hot stuff........
More trash talk about Marketwavez ......
But why ? ..................
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There is no absoluetly no reason for this kind of talk......ever
This is Rude and Provoking ////////
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Learntocount this is your very first post since you were banned
from this forum and it has to be in a negative tone ......
Again, why ?
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Why can't you just post your posts and say positive things ?
Why is this so difficult for you to do ?
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#1938
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 3:34am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
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Let's make this clear :
It is Learntocount that went into the marketwavez thread first
and said theses awfull things ,
This is the truth of the matter ,
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Is Marketwavez not to respond to them ?:http://www.forexfactory.com/images/smilies/yim/confused.gif
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Again, it is Learntocount that first went into Marketwavez thread and wrote
things about him that are Rude and Ill-Mannered to say the least ,
......and then followed Marketwavez here to Eg's thread and the same this past
weekend continuing to post in a negative in an Ill-Mannerd way.
Marketwavez was simply responding to all this Trash-Talk posted
by Learntocount , the best way he could ………….!
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Marketwavez has never said anything in a negative tone about Learntocount
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#1939
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 3:37am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
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No-one appreciates being talked to in this way -
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When Learntocount talks like that …
- It is Extremely Disruptive and becomes Problematic !
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The moderators simply want us to “ conduct ourselves as professionals”
and say positive things - Just As Merlin the moderator has so eloquently
said none of his most recent post and this is also one of this Forum’s main Rules !
////////////////////////////////////////////////////////////////////////////////////////////////////
This is probably the reason why Learntocount was banned ,
-simply for consistently saying negative things in his posts that are Provoking …..
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That's all there really is to it !
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Here is the link where it alll started on Jan 1st 2008
Click Here ... Scroll down to Post #44
http://www.forexfactory.com/showthre...t=11710&page=3
This is Nasty and Disruptive !..... Just absolutely awful .............
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Anyway ,
At first I ignored this ugly post about me by Learntocount that
he made in my thread back in early January !
then all of a sudden ,
Learntocount started up again this weekend and caused this Big Stink !
See it all here Right Here :
Start at Post # 1679
http://www.forexfactory.com/showthre...20436&page=112
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#1940
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 3:57am
Serega
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162 Posts
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MW take it easy...http://www.forexfactory.com/images/smilies/yim/happy.gif
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#1941
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 5:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Let us all get back to Elliott Wave Counting.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1942
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 5:37am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
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These are the Eur/Usd charts ...........
from earlirer today , before all the arguing
(Trying to update )
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86222&stc=1&thumb=1&d=1202899042 http://www.forexfactory.com/attachment.php?attachmentid=86224&stc=1&thumb=1&d=1202899042
Feb 13, 2008 5:42am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
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These are the Usd/Yen charts ...........
from earlirer today , before all the arguing
Price action moving toward an End of Wave C
(Trying to update )
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86226&stc=1&thumb=1&d=1202899327 http://www.forexfactory.com/attachment.php?attachmentid=86227&stc=1&thumb=1&d=1202899327
http://www.forexfactory.com/images/buttons/quote.gif #1944
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 5:45am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
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http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Usd/Yen
Eg ............
This is the Usd/Yen going into tomorrow's US Day Session
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I'm a little frustrated right now , please excuse me
little tired now , will be back tomorow morning ............
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86231&stc=1&thumb=1&d=1202899517
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#1945
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 13, 2008 7:41am
Serega
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Money just another profithttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
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#1946
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 14, 2008 1:04am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif EG Thoughts on EURUSD
EURUSD_021408
Last night I was looking at the EURUSD chart basically without the indicators.
The charts I posted earlier in the day yesterday somehow bothered me. I know I admitted that the spike on that move to 1.4949 somehow disrupted the proposed Symmetrical Triangle.
So I switched to the line chart and got the barrier triangle. But still I was not that satisfied yesterday.
The wave structures have not been that obvious to make me really confident on those wave counts.
**** insert the 2 charts here
Symmetrical triangle
Barrier Triangle
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86491&stc=1&thumb=1&d=1202969031 http://www.forexfactory.com/attachment.php?attachmentid=86492&stc=1&thumb=1&d=1202969031
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1947
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 14, 2008 1:07am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif EURUSD Thoughts Part 2
NextPost
Let me break this down on a per wave or leg basis.
[*]Wave 4 was initially thought of to have a Zigzag structure because wave 2 was a complex sideways corrective wave. So that when price fell from 1.4966 into a 3 wave structure which resulted in nearly a C=A, This some how qualified as a Zigzag and therefore gave weight that this was a good possibility. Although, time-wise, I believe many had doubts that this wave 4 was over.[*]while time consideration was bearing some weight on the possibility of a wave 4 still in a developing mode, the next option was a a triangle or a complex sideways expanding wave which could either be a bigger Zigzag or a big FLAT complex corrective wave.[*]The move UP after that zigzag down was anticipated to be a 5 wave structure. As it turned out , it was more like a 3 wave structure before it turned around and made a dive again. That move up retraced more than 88% of the previous down wave (zigzag).[*]In a guideline I came across, alternating legs within a 5 wave triangle should be 62-88% of previous leg. We can now see on the 2nd chart that this has somehow not been followed or met.****insert 001c here to show the legs of the triangle
percentage retrace and the internal wave structure.
A = is a Zigzag
B = looks 3 wave in structure, but retraced A by about 92%
C = could be 3 or 5 wave in structure and it retraced B by about 90% of B
D = seems 3 wave in structure but has retraced more than 100% of C
E = seems to be 5 wave in structure but it could still be counted as 3
If we draw the trendlines based on the tops and bottoms of each wave, this is were we find discrepancies for the proposed patterns.
1st on the Symmetrical triangle a downward resistance trendline and an upward support trendline should converge based on the tops and bottoms of the legs. However, we see that wave D reached 1.4949 piercing ir violating the downward resistance trendline. Aside from this, it has also retraced wave C by more than 100%.
So I should start questioning my own previous analysis..
2nd option was the switching to the line chart for some guidance. Here I saw the possibility of the Barrier triangle. A barrier triangle still has 5 legs in it but sport a 33333 wave internal structure. So this may still be good for my wave count.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86493&stc=1&thumb=1&d=1202969213
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1948
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 14, 2008 1:08am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif EURUSD Thoughts Part3
**** 3rd post
Somehow, I missed the other potential wave count. I was so engrossed with the triangle wave count. I have been seeing forecasts which were supposed to be based on EW Count. However I could not see a turn by turn wave count development. These forecasts or analyis were either made in Dec 2008 were EURUSD was forecasted to drop down to 1.38. or current wave counts which focused on just the last 1 or 2 legs and do not treat a bigger scope of the wave.
We had a zigzag then and this series of legs which looked like legs of a triangle. And somehow these people who made that forecast last December have stopped and turned quiet all this time.
Now I have been reading some more and looking into other EW reference materials ( Robert Balan ) in particular, I then realized I must be missing something out there. Then I reviewed Prechter’s book also on the Guideline of Alternation within a Corrective wave where it is stated:
“ The “A” wave sets the tone for the “B” wave to follow. A five-wave “A” indicates a zigzag for “B”, while a three-wave “A” indicates a FLAT or a Triangle”
If we look at the 4 hour EURUSD chart again, I then realized the new potential wave count whch somehow would close the GAP on information on the fundamental side of things.
I am talking about people and that includes me wondering how come EUR is seen to be getting stronger and stronger as the USD is into what is thought as in a recession. And GBPUSD seems to be going lower.
This looks like very amateurish take on what is happening or you can accuse me of rationalizing to support this new potential EW count for EURUSD. But the point is, this is what I am seeing as a new potential on my EW Count for EURUSD.
So here goes….
3 waves down from 1.4966 is a Zigzag wave A ( 3 wave structure ) followed by a B-FLAT which is a bit short of the required C = A within a FLAT wave. But the internal wave counts of this proposed B Flat may hold or may be valid.
So the current move down from 1.4949 which I see as being a 5 wave impulsive motive structure could be considered as wave 1 of the wave C down. Proposed target for the end of wave C down is @ FE 161.8@ 1.3880.
This should give the pair more time to dance in tune with the rest of the other forex pairs.
**** insert the C chart here to show the forecast for the wave C down @ FE161.8
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86497&stc=1&thumb=1&d=1202970044
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Feb 14, 2008 1:21am
Feb 15, 2008 12:42am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Here is the short term set up of my GBPJPY.
Looking at the FIB Extention Tool, we see that wave C Blue has exceeded the FE 161.8. So it is very likely that tjhis is not an ABC for a wave 4 but most probably a reversal in the short to medium term.
Granting that we consider this as one of those rare occasions when C = 261.8 A, then wave 5 red target will be seen to coincide with Daily R2 @ 214.64 up to Daily R3 @ 215.41
The magenta lines you see on the chart are tests for possible wedge and triangulation forecasts which basically point to a possible downward movement on this pair.
However when you analyze how price has been contained within the Linear Regression Channel and the potential EW count, Plus price location in relation to Pivot levels, I would a a higher bias for an upward move for this pair.
a. Price is above the weekly pivot - Bullish
b. Price seems to be at the end of a wave 4 within a wave 3 on the m30 chart. Wave 5 up will result to Bullishness for this pair.
c. Price has exceeded the usual standar maximum for a corrective wave C = 161.8 of A. Leading me to think that this is an impulsive wave and not a corrective wave. SO if this is an Impulsive wave and the direction is upward, then , I would have to be bias for the Long trades.
d. Price hovering the Daily Pivot Level @ 212.69. Oscillators seem to be pointing up. More bullishness bias.
Because this pair makes wide swings, I would have to be careful to note the following:
a. price falling below that channel @ 212.20
b. price breaching 211.51
c. price breaching 210.74
d. price breaching 209.07
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86865&stc=1&thumb=1&d=1203054096
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1953
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 12:56am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif EURJPY
Bear
I will have to apologize for a rather generalize view on the EURJPY early this morning.
Attached is the EW chart for this pair as I see it now. You will note that most of the wave 2s have wave Bs that are longer than wave As. I think this is still within the guideline for Irregular FLAT corrective waves as these wave Bs have not exceeded the 131.8% of wave As.
So not you will see on the m30 chart that price now looks like it is going up for the wave 5.
Then like the scenarion on the GBPJPY, what we consider as a potential wave C has exceeded the FE 161.8 relation to wave A. So again this is more likely an impulsive wave up for me.
I hope this helps.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86868&stc=1&thumb=1&d=1203054966 http://www.forexfactory.com/attachment.php?attachmentid=86869&stc=1&thumb=1&d=1203054966
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1954
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 12:57am
s3padrian
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Member Since Apr 2007
373 Posts
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Here's my USDJPY update. My favorite pair :-D
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86870&stc=1&thumb=1&d=1203055025
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#1955
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 1:04am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURJPY_most likely for me now
I have a bias for the following Count on the attached charts.
These charts are dancing to the tune of the oscillators.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86871&stc=1&thumb=1&d=1203055427 http://www.forexfactory.com/attachment.php?attachmentid=86872&stc=1&thumb=1&d=1203055427
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 15, 2008 1:18am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EW and the Wedge plus a complex WXY corrective wave on the EURUSD
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86873&stc=1&thumb=1&d=1203056286
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1957
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 1:30am
http://www.forexfactory.com/nfs/avatar56736_1.gifBeartrade
Most Truth is rather dogmatic...
Member Since Dec 2007
http://www.forexfactory.com/images/misc/8kt.gif72 Posts
http://www.forexfactory.com/images/icons/icon1.gif Something to consider
What I'm seeing with the EJ charts and ED charts that you have posted really gives me the impression of a fairly steep decline in both soon. The EJ chart in terms of simple pattern recognition a bearish "flag" . That would fall in line whith your current thinking on the ED as well. Because in my experience these two move in close association with one another. Also, as you have pointed out, many of the indicators are indicating and overbought status on almost all time frames.
Just my thoughts
Lawrence a.k.a The Bear
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#1958
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 2:10am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURJPY
My Bad. please disregard the post I just deleted.
Wave 2 was an Irregular FLAT on this EURJPY Chart. So we should be seeing a Zigzag or a Triangle wave 4 otherwise a nother complex corrective wave for wave 4.
This could still be that other count which could support a Zigzag down for the wave 4.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86887&stc=1&thumb=1&d=1203059397 http://www.forexfactory.com/attachment.php?attachmentid=86888&stc=1&thumb=1&d=1203059397
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1959
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 2:20am
http://www.forexfactory.com/nfs/avatar56736_1.gifBeartrade
Most Truth is rather dogmatic...
Member Since Dec 2007
http://www.forexfactory.com/images/misc/8kt.gif72 Posts
http://www.forexfactory.com/images/icons/icon1.gif EG u are awesome
Dedicated and driven are two words i could use to describe you. But please dont kill yourself over the eur/jpy chart. I know it isnt one of your regular pairs... Many thanks for your extensive work though
Lawrence a.k.a the bear
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#1960
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 5:12am
Serega
Member
Member Since Jun 2007
162 Posts
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Cable reached my targets and turned around. Now I should take a look south
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#1961
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 15, 2008 5:19am
Serega
Member
Member Since Jun 2007
162 Posts
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It looks like Cable formed zero point
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=86945&stc=1&thumb=1&d=1203070757
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#1962
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 18, 2008 5:37am
Serega
Member
Member Since Jun 2007
162 Posts
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:wave: everybody:wave:
Are we in 3 wave in cable or just a-b-c?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=87535&stc=1&thumb=1&d=1203331045
Feb 20, 2008 12:02am
s3padrian
Member
Member Since Apr 2007
373 Posts
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here we gooooooooo
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Feb 20, 2008 10:46am
Serega
Member
Member Since Jun 2007
162 Posts
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Quote:
Originally Posted by Serega http://www.forexfactory.com/images/buttons/viewpost.gif
:wave: everybody:wave:
Are we in 3 wave in cable or just a-b-c?
Bingo!!!!! Cable reached my profit!!! But it wasnt neither 3 wave nor a-b-c. It looks like a-b-c-x-ahttp://www.forexfactory.com/images/smilies/yim/big_grin.gif
Now I will wait for end of configuration and the point for long cable
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=88338&stc=1&thumb=1&d=1203522339
http://www.forexfactory.com/images/buttons/quote.gif #1972
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 21, 2008 7:41pm
fxdoc
Member
Member Since Nov 2007
137 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable
My target for C wave swingup is 1.9983 (C=A) next week.
But today, cable may retrace wave (1) of C to 1.9545/1.9500
Have a nice day !
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#1973
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 12:47am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Quote:
Originally Posted by fxdoc http://www.forexfactory.com/images/buttons/viewpost.gif
My target for C wave swingup is 1.9983 (C=A) next week.
But today, cable may retrace wave (1) of C to 1.9545/1.9500
Have a nice day !
61.8% retrace on the 4hr chart is @ 1.9484
70.7% @ 1.9456
Stochastics on 4hr chart is about ready to cross its signals and come down.
Looks good to me fxdoc.
Welcome to the thread.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
update:
sorry about that. I edited above post as I made an error in earlier post. I must have been looking at a different fib
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Feb 22, 2008 1:21am
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#1974
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 1:31am
Serega
Member
Member Since Jun 2007
162 Posts
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Eur/usd daily
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89001&stc=1&thumb=1&d=1203661869
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#1975
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 2:15am
fxdoc
Member
Member Since Nov 2007
137 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Quote:
Originally Posted by fxdoc http://www.forexfactory.com/images/buttons/viewpost.gif
My target for C wave swingup is 1.9983 (C=A) next week.
But today, cable may retrace wave (1) of C to 1.9545/1.9500
Have a nice day !
Thank you EG for your Welcome message.
I combine my EWA with pivots and today 's daily pivot is 1.9557
S1 = 1.9475 close to the 61.8% fib.
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#1976
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 2:52am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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notes.
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Feb 23, 2008 1:57am
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#1977
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 3:27am
Serega
Member
Member Since Jun 2007
162 Posts
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usd/cad 30 min. Before canadian retail sales
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89037&stc=1&thumb=1&d=1203668815
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#1978
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 5:27am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD seems bullish still unless it falls below 1.4790 otherwise 1.5040 looks ripe for the picking.
1.4925
1.5010
1.5050
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1979
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 5:32am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
short term could still see this down to 209.77 down to 209.50
otherwise it can first go up to 213 which is where a 1/2 median line provides a possible resistance for the upward move for GBPJPY.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1980
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 22, 2008 8:12am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Here is my GBPUSD view
Daily Chart
If you do EW, then you can use this to count 5 waves UP and project end of wave C UP of wave 4 Corrective FLAT wave ABC.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89115&stc=1&thumb=1&d=1203685903 http://www.forexfactory.com/attachment.php?attachmentid=89122&stc=1&thumb=1&d=1203687216
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 25, 2008 8:23am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY Charts for 022508
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89662&stc=1&thumb=1&d=1203945774 http://www.forexfactory.com/attachment.php?attachmentid=89663&stc=1&thumb=1&d=1203945774
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1982
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 25, 2008 10:11am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY 4 hour charts
GBPJPY EWA Chart
Weekly Chart
ABC or 123
Based on the FIB Extention Guideline, C can only be up to FE 161.8 of points w0 wA and wB.
Beyond FE 161.8 , we instead have a 5 wave impulse or a very complex corrective wave.
As it is on the GBPJPY chart, the potential of an ABC is still on the table.
So we move on to the Daily chart because we would be focusing on the wave C leg now.
Based on the structure, I would say that w1 and w2 are finished in Green label. But wave 3 Green seems to be still in development as an extended impulse wave.
Sub waves within this extended green wave 3, are labeled in Red. The current sideways expansion on the daily chart seems to be still the wave 4 red of the extended wave 3 Green.
a.) this wave 4 red has retraced wave 3 red by around 38.2% which fits into the guideline of alternation. Wave 2 retraced by a little above 61.8% of wave 1 so that there is a higher tendency for wave 4 to retrace by the balance of the 100% percentage point. This means if wave 2 retraces wave 1 by 61.8% then expect wave 4 to retrace wave 3 by 61.8% or vice versa.
b.) wave 2 retraced wave 1 by what looks like a zigzag wave so by the guideline of alternation also, wave 4 is expected to be a FLAT or a Triangle. A zigzag will normally result in a 61.8% retracement while a FLAT or a triangle would result to a 38.2 or a 23.6% retracement. Currently, the 4hour chart would show that price has retrace wave 3 red by a little above 38.2% .
c.) I am labelling the move starting from 213.86 down to 208.75 as w1 of the wave 5 red down to finish the bigger wave 3 Green towards 197.85
Overall I am more biased that this pair will go down to finish the wave 5 red of wave 3 Green. Unless it takes out the previous high of 211.93 which it just did right now as I type.
Next target is most likely 213.83. This is based on the 4 hour chart with that 4 hour resistance trendline.
I have just placed my Long trade now even if goes the other way ( could be a possible big drawdown as it comes down to complete Wave 3 green). But the interest will be good on this one. Price will eventually have to come back up for the wave 4 Green.
EGJ
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89688&stc=1&thumb=1&d=1203952083 http://www.forexfactory.com/attachment.php?attachmentid=89689&stc=1&thumb=1&d=1203952083 http://www.forexfactory.com/attachment.php?attachmentid=89690&stc=1&thumb=1&d=1203952099
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 26, 2008 1:35am
Serega
Member
Member Since Jun 2007
162 Posts
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Hi guys, the same I havehttp://www.forexfactory.com/images/smilies/peace.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=89873&stc=1&thumb=1&d=1204007731
http://www.forexfactory.com/images/buttons/quote.gif #1987
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 26, 2008 12:53pm
Serega
Member
Member Since Jun 2007
162 Posts
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GBP/USD 1 hour
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90027&stc=1&thumb=1&d=1204048422
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#1988
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 7:04am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Looks like GBPJPY is doing it again.
While most of the USD majors are seen to retrace wave 1 for wave 2 by 61.8%, GBPJPY would retrace up to 88% of wave 1.
Current price action leads me to believe that Price is now on the wave 3 of the wave 5 Red down to finish wave 3 Green.
Unless 213.86 is taken out ( Pinbar)
Note that these charts are daily and 4 hours. We can expect another move up on the 15 min chart for that wave 2 retrace on the wave 1 down of higher degree.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90276&stc=1&thumb=1&d=1204113744 http://www.forexfactory.com/attachment.php?attachmentid=90281&stc=1&thumb=1&d=1204114107 http://www.forexfactory.com/attachment.php?attachmentid=90282&stc=1&thumb=1&d=1204114107 http://www.forexfactory.com/attachment.php?attachmentid=90304&stc=1&thumb=1&d=1204118497
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Feb 27, 2008 8:22am
Feb 27, 2008 10:36am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
Price projection seems 22 pips of the actual point where it made a retrace unless this potential wave 4 is an irregular flat.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hey adji04.. its been sometime since you've posted here. will try to post sometjhing on eurusd later.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90337&stc=1&thumb=1&d=1204126535
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1991
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 10:51am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
adjusted wave 3 end and happy to TP @ 50% retrace or near that mark
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90340&stc=1&thumb=1&d=1204127339
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1992
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 1:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Quote:
Originally Posted by adji04 http://www.forexfactory.com/images/buttons/viewpost.gif
good nigh EG..nice to meet you againhttp://www.forexfactory.com/images/smilies/yim/happy.gif
how about eur/usd plz...
thx
adji04....took me awhile to get this thing up.
anyway, you will see how the earlier proposed counts or potential counts are eliminated for various reasons.
2nd chart is the only way I see now which is possible to explain for the wave count that supports the move up. Previous high of wD was taken out so that eliminated the complex count I initially suggested when the symmetrical triangle failed .
Although I earlier mentioned that if we switch to a line graph, we would have a BULLISH Barrier triangle.
So now I have to switch to a line chart and the support and resistance trendlines somehow fit into the barrier triangle.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90389&stc=1&thumb=1&d=1204137179 http://www.forexfactory.com/attachment.php?attachmentid=90390&stc=1&thumb=1&d=1204137179 http://www.forexfactory.com/attachment.php?attachmentid=90394&stc=1&thumb=1&d=1204137512
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1993
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 3:21pm
Serega
Member
Member Since Jun 2007
162 Posts
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Looks interestinghttp://www.forexfactory.com/images/smilies/yim/thinking.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90418&stc=1&thumb=1&d=1204143654
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#1994
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 4:07pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Potential for wave 2 after finishing wave 1 on 15min chart of GBPJPY.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90430&stc=1&thumb=1&d=1204146442
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 27, 2008 11:25pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
15min chart .
Moving Average System based on the Trend Follower plus stochastics also provide a visual for me when doing my wave counts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90504&stc=1&thumb=1&d=1204172633
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1998
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 27, 2008 11:40pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
going down the 5min chart on GBPJPY....
Boxed area could see the beginning of wave 2 UP Red.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
ps. sorry for the chart delay. had to restart my pc because I could not attach the chart to the post earlier.
1150 GMT
pps
I apologize for the eurusd label on the chart. I missed to remove that as I was switching between currency pairs and using the same chart template.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90513&stc=1&thumb=1&d=1204174098
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Feb 28, 2008 6:42am
Feb 28, 2008 5:16am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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GBPUSD
Quote:
Originally Posted by fxdoc http://www.forexfactory.com/images/buttons/viewpost.gif
Today's wave pattern from yesterday's high at 1.9975 may indicate wave C completed and we have wave (1) of new downtrend ??
lets see if we get just an (abc) retracement now ?
If so - Good selling point.....
This would mean wave C was a 3 waves affair, completing a wave (IV) ??
Have a nice Day !
well your high is better than what I got. mine was only 1.9970 while yours was at 1.9975. My target was at 1.9979
looks like wave 4 turned out to be a FLAT wave for now. as to wave C being a 3 wave....... you could be right and be wrong on that in labelling terms as I am.
let me explain this....
we can both be right that wave 4 ended at your 1.9975 and my 1.9970
=== if we get a 5 waves down then a 3 waves up then another move down to take out or go lower than the low of the previous 5 wave down. Getting 2 Lower Highs (LH).
by being wrong in labelling terms, i am refering to using wxyxz instead of the usual abc for this corrective wave.
please voice up your opinion on this if you do not agree. I am just starting to realize or rationalize this.
in most of the references I have encountered or all that I can remember is that :
wave A can be a 3 (zigzag, flat or irregular) or a 5 (impulse or triangle) wave structure and
wave B can be 3 (zigzag, flat or irregular) or 5 (triangle only) wave structure while
wave C is always 5 wave structure (motive: impulse, triangle, truncated)
for this "wave C" to be 3 wave structure, then the overall structure must be a complex correction which should be labelled as wxyxz.
just my thought running thru this analysis.
However, if we get 3 waves down instead of 5 waves down on the 4 hour chart , then watch out as price will need to maki a 5 wave move up with a potential limit at 2.0360
A or 1 must be A because of the 3 wave structure of that leg.
That leaves as with a BIG ABC structure where 1.9337 may have been the bottom of this ABC correction. and that mobe up from 1.9337 was w1, w2 and we are actually seeing a w3 in development on the Daily chart.
OR
we are seeing a much bigger correction structure where what we actually have on the GBPUSD daily chart is wA, wB and w1 of wC. and no we are seeing w2 of the wC which if it retraces w1 of wC by 61.8% will be @ 2.062 just a bit below the FE 161.8 for a FLAT corrective w2 of wC.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90578&stc=1&thumb=1&d=1204193754 http://www.forexfactory.com/attachment.php?attachmentid=90579&stc=1&thumb=1&d=1204193754 http://www.forexfactory.com/attachment.php?attachmentid=90580&stc=1&thumb=1&d=1204193777 http://www.forexfactory.com/attachment.php?attachmentid=90581&stc=1&thumb=1&d=1204193777
http://www.forexfactory.com/attachment.php?attachmentid=90582&stc=1&thumb=1&d=1204193796 http://www.forexfactory.com/attachment.php?attachmentid=90583&stc=1&thumb=1&d=1204193796
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 28, 2008 6:39am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY wave count revision
extended wave 3.
Missed an earlier opportunity to scalp that wave 5 of 3 instead of waiting till 209.
I got a false signal based on my Andrews Pitchfork earlier but would have still profitted from my shorts earlier if I kept watch.
Now wave 4 Purple at 38.2% lands on 211.27. That could be the leg A of a FLAT wave. Leg B may be in development now. so need to watch the wave C up to finish the FLAT wave 4.
That could land us back to
211.27 minimum
211.70 likely
212.07
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS. I like to spice up my charts with colors. helps break the monotony of all those lines. http://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90604&stc=1&thumb=1&d=1204199128
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2002
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2008 7:56am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Revision
after reviewing the charts again.
I realized that I missed out on some details.
1. wave 2 was not a zigzag but a corrective flat.
2. wave 3 was not extended
3. and that what I initially labelled as wave 2 of 3 was actually a wave 4 as it did not overlap with the original wave 1.
4. meaning wave 5 is now the extended wave.
the 2nd chart helped to verify that thinking..
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90625&stc=1&thumb=1&d=1204203256 http://www.forexfactory.com/attachment.php?attachmentid=90626&stc=1&thumb=1&d=1204203357
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 28, 2008 8:56pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Hedged all my long trades @ 208.46
I should have hedged all my long trades when it broke 208.77 and pulled back to 208.83
I have to remind myself that that this is wave 3 even if it is inside a wave 5 but still a part of the bigger wave 3 green.
Therefore, I am now leaving all my trades alone and allow the Short trades to mature or TP at
FE 161.8 200.04or
FE 200.0 198
I am not up for scalping this wave 3 anymore. will only pull out my short trades if I see a major reversal.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90817&stc=1&thumb=1&d=1204250133 http://www.forexfactory.com/attachment.php?attachmentid=90818&stc=1&thumb=1&d=1204250133 http://www.forexfactory.com/attachment.php?attachmentid=90819&stc=1&thumb=1&d=1204250149
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2009
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2008 9:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Pullback is where re-entry for shorts should have been taken as it takes out wave 1 end.
One may argue , " what about the possibility of an irregular FLAT"?
well, for me if you look at the size of wave 2, it would already be out of proportion considering the size of wave 1.
so, to me going lower than end of wave 1 confirms we are in wave 3 for GBPJPY.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90823&stc=1&thumb=1&d=1204251050
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2010
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2008 10:39pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Scalping
I got back a litlle earlier than expected . So I have a bit more time to work on GBPJPY now.
checking the 5min chart, it would seem that price is In a wave 4 turq before finishing off wave 5 magenta to finish the bigger wave 1.
I would look for wave 1 end to be around 207.40 if by Guideline of wave extention is used where w1 = w5 if wave 3 is extended.
from the end of wave 1 or should I say w31 blue, retracements could land on any of the following:
23.6% @ 208.84
38.2% @ 209.72
50.0% @ 210.44
61.8% @ 211.16
Traing long now for this retrace ia not advisable.
I would rather use it to add to my short orders preferably a small percentage when it hits 210.44
I just might exit my long trades when it reaches that area. But that depends on what I see on my charts again.
I would really just want to ride this pair down now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90835&stc=1&thumb=1&d=1204256280 http://www.forexfactory.com/attachment.php?attachmentid=90836&stc=1&thumb=1&d=1204256280 http://www.forexfactory.com/attachment.php?attachmentid=90837&stc=1&thumb=1&d=1204256305
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 28, 2008 11:54pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90853&stc=1&thumb=1&d=1204260858
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2012
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 12:48am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90866&stc=1&thumb=1&d=1204264083 http://www.forexfactory.com/attachment.php?attachmentid=90867&stc=1&thumb=1&d=1204264083 http://www.forexfactory.com/attachment.php?attachmentid=90868&stc=1&thumb=1&d=1204264096
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2013
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 12:56am
fxdoc
Member
Member Since Nov 2007
137 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBP/USD
I thought we had a double three off that low at 1 9335
but, we may be looking at wave (4) of C or beginnings of (i) of (5)of C.
So new high(s) still to come.....
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#2014
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 1:22am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Quote:
Originally Posted by fxdoc http://www.forexfactory.com/images/buttons/viewpost.gif
I thought we had a double three off that low at 1 9335
but, we may be looking at wave (4) of C or beginnings of (i) of (5)of C.
So new high(s) still to come.....
Daily chart for me would indicate :
1. a wC5 of a wave 2 UP FE 100.0 @ 1.9979 or FE 161.8 @ 2.0360 or
2. w2 finished with just 38.2% retrace of w1 @ 1.9970 or
3. where you see purple 35 could be end of wave Y and the move to A5 is actually w1 then w2 down to Bzz and w3 going for FE 161.8 @ 2.0360
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90875&stc=1&thumb=1&d=1204266118 http://www.forexfactory.com/attachment.php?attachmentid=90876&stc=1&thumb=1&d=1204266118
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 29, 2008 1:45am
Serega
Member
Member Since Jun 2007
162 Posts
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Gbp/Jpy. looks like we are in the 3 wave
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90883&stc=1&thumb=1&d=1204267494
http://www.forexfactory.com/images/buttons/quote.gif #2016
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 1:47am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Buy the way Eur/Jpy turned around as it was supposed.
Good luck http://www.forexfactory.com/images/smilies/peace.gif
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#2017
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 4:42am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Looks like next possible suppport is at 200.0 or should I say ,
177.83 - 189.96 for the end of wave 3 down?
Now we need to walk away from the computer and set those TPs at 177.
Make sure all those accounts with current Long Trades are able to withstand this huge drawdown.
Technically wave C Pink can only be till 197.85 at FE 161.8
TThat is on the Daily chart. But based on FIB Extention Projection and internal structure of wave 3 green, price may go down to as low as 189.96 down to 177.83 before a possible medium term reversal is seen.
Call it radical, but that is what my charts are telling me now. Anyway, I still have my long trades and have fully hedged them .
Now time for me to sit back, watch and maybe do something else for now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90942&stc=1&thumb=1&d=1204277683
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2018
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 7:41am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=90997&stc=1&thumb=1&d=1204288821 http://www.forexfactory.com/attachment.php?attachmentid=90998&stc=1&thumb=1&d=1204288821 http://www.forexfactory.com/attachment.php?attachmentid=90999&stc=1&thumb=1&d=1204288838
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2019
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 10:06am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Triangle wave 4
GBPJPY Triangle wave 4
exited my short hedge earlier and getting ready to hedge again.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91031&stc=1&thumb=1&d=1204297544
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 29, 2008 10:15am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY the Aftermath
Looks like the triangle wave 4 worked out.
But that is further validated if it breaks below the point 0 of the triangle.
That would validate a wave 5 in progress
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91032&stc=1&thumb=1&d=1204298113
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2021
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 12:51pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Gbp/Usd
What a week the Bulls we are having huh , http://www.forexfactory.com/images/smilies/yim/happy.gif
////////////////////////////////////////////////////////
-Here is a look at where it all started to unfold
-----------------------------------------------
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91058&stc=1&thumb=1&d=1204307503
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#2022
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 12:55pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Quote:
Originally Posted by marketwavez http://www.forexfactory.com/images/buttons/viewpost.gif
Gbp/Usd
What a week the bulls we are having huh , http://www.forexfactory.com/images/smilies/yim/happy.gif
////////////////////////////////////////////////////////
-Here is a look at where it all started to unfold
-----------------------------------------------
Going and still kept Going up ....Wow!......
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91059&stc=1&thumb=1&d=1204307704
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#2023
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 3:31pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
hmmmm.....
The triangle on the 5min chart may have been invalidated. But a FLAT corrective wave can now bee seen on the 15 min chart.
Patience may just pay off as the hedge is turning positive for my short trade again.
Next week will see me do the following:
1. Exit the short trade hedge when there is a possibility of a 20 or more pips counter trend and re-entering the short trade again when it gets back to the main trend which is down.
2. Or I can just leave the hedge alone and scale down to 10% of my usual trade value for additional trades I would make while nursing the hedge.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91099&stc=1&thumb=1&d=1204317098
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2024
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 5:00pm
http://www.forexfactory.com/nfs/avatar61584_2.gifbigcoupe
Senior Member
Member Since Feb 2008
http://www.forexfactory.com/images/misc/9kt.gif818 Posts
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Forgive me as I am still learning.
What is your TP for the current wave?
I went long when we bounced off of 206 but am still assesing the long term direction of this puppy.
B
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#2025
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 29, 2008 5:39pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Outlook for the Coming Days and Weeks
Here is putting the the outlook for GBPJPY in a very simplistic presentation.
These are very general ideas based on what I see on my charts and what my wave counts and guidelines I use are telling me.
Due to this pair's volatile nature, keeping a close watch on your trades is best advised. Large swings result in large drawdowns. Scalping this pair requires a high degree of experience, a broker with as little spread as possible for this pair and a selection of proper trading period.
Short -Term to Medium Term trading of this pair can be very risky yet very and largely rewarding. However, landing on the other side of the trade will definitely require a deep pocket for the possible drawdowns.
Large drawdowns in monetary terms can be BEST faced if you apply good money management like trading using very low margins. Otherwise, your trading pocket must be really DEEP. http://www.forexfactory.com/images/smilies/yim/happy.gif
Anyway, details of the forecast are on the chart. If you have questions , just post it here and I will try to get back to you as soon as I can.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS.
Note that I have existing Long Trades from the 213.30 level. That one was big and I preferred to hedge that rather than take the already large drawdown it incurred.
But hedging it and trying to maximize potential of this hedge requires doing it on a higher timeframe and not the scalps. I do not recommend scalping the hedge. Unless.... you are very sure of where the market turns ( which many of us are actually unsure, like I am).
But I am taking that risk and I will be responsible for my trades. For newbies.... it is still best advised to DEMO Trade if you like this pair. But better to start with EURUSD or GBPUSD specially if you use Elliott Wave Analysis.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91122&stc=1&thumb=1&d=1204324372 http://www.forexfactory.com/attachment.php?attachmentid=91134&stc=1&thumb=1&d=1204326941 http://www.forexfactory.com/attachment.php?attachmentid=91135&stc=1&thumb=1&d=1204326941 http://www.forexfactory.com/attachment.php?attachmentid=91136&stc=1&thumb=1&d=1204326956
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 2, 2008 8:43pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Looking at the lower TF of GBPJPY
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91420&stc=1&thumb=1&d=1204508570
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2028
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 2, 2008 9:03pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
5min chart shows potential bearish continuation
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91425&stc=1&thumb=1&d=1204509801
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2029
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 2, 2008 10:14pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY Update
Wave count adjusted but remain Bearish
1st target for wave end of smal w1 before a potential retrace of 50-61.8% UP.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91433&stc=1&thumb=1&d=1204514028
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2030
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 2, 2008 11:59pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Regular or Irregular FLAT
GBPJPY Regular or Irregular FLAT.
5min
Tenkan-sen and Kijun sen have crossed each other within the Kumo
Price has crossed the Kumo
But could possibly face some resistance based on the Chikou Span
Chikou span crossed price but inside the kumo.
overall weak to neutral signal to go long
15min
overall price move going up may face resistance from a thick Kumo on the 15min chart
thus potentially completing the wave 4 on my EW count of a w1 of highere degree.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91453&stc=1&thumb=1&d=1204520332 http://www.forexfactory.com/attachment.php?attachmentid=91456&stc=1&thumb=1&d=1204521150
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 3, 2008 12:21am
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#2031
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 3, 2008 1:51am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Target achieved
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91469&stc=1&thumb=1&d=1204527073 http://www.forexfactory.com/attachment.php?attachmentid=91470&stc=1&thumb=1&d=1204527073
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 4, 2008 6:10am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY Update.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91867&stc=1&thumb=1&d=1204628419 http://www.forexfactory.com/attachment.php?attachmentid=91868&stc=1&thumb=1&d=1204628419 http://www.forexfactory.com/attachment.php?attachmentid=91869&stc=1&thumb=1&d=1204628434
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2033
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 7:19am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Possible further retracement for GBPJPY
I would say NEXT Target is 206.73
Long @ 204.77
While I still hold both Long and short trades (HEDGE), Short trades will have to be unloaded at the end of this wave 3.
In the meantime, smaller trade units will be made to take advantage of this opportunity.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91888&stc=1&thumb=1&d=1204633168
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 4, 2008 7:33am
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#2034
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 7:55am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
http://www.forexfactory.com/images/smilies/yim/thinking.gif
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91893&stc=1&thumb=1&d=1204635328
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2035
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 1:28pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
UPDATE
Possible counts
Points to consider.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=91989&stc=1&thumb=1&d=1204655044 http://www.forexfactory.com/attachment.php?attachmentid=91990&stc=1&thumb=1&d=1204655044 http://www.forexfactory.com/attachment.php?attachmentid=91991&stc=1&thumb=1&d=1204655062 http://www.forexfactory.com/attachment.php?attachmentid=91992&stc=1&thumb=1&d=1204655062
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 4, 2008 1:51pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Alternative view of GBPJPY
Alternative view of GBPJPY
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92004&stc=1&thumb=1&d=1204656929
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2037
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 2:24pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY Technicals
GBPJPY still has not broken out of the Previous days Price Range with the Low @ 203.47 with its current low of 203.66
Daily Support 1 @ 203.80
Weekly Support 1 @ 203.68
This could still be the wave B of the wave 54
With the 1st TP now @ 206.25 Murrey Math Strong Resistance Level which is near the 23.6% retrace. Price may just go thru the Daily Pivot @ 204.79
FE 100.00 is @ 205.98
Have already UNHEDGED my Long trade. Closed my short trade for the bigger chunk. But hedged the smaller trade.
Time to get some rest now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2038
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 2:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Channeling
Linear Regression Channel and Channel Tool on the GBPJPY
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92017&stc=1&thumb=1&d=1204659887 http://www.forexfactory.com/attachment.php?attachmentid=92018&stc=1&thumb=1&d=1204659887
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2039
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 3:20pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
more charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92026&stc=1&thumb=1&d=1204661968 http://www.forexfactory.com/attachment.php?attachmentid=92027&stc=1&thumb=1&d=1204661968
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2040
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 7:58pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92111&stc=1&thumb=1&d=1204678544 http://www.forexfactory.com/attachment.php?attachmentid=92112&stc=1&thumb=1&d=1204678544 http://www.forexfactory.com/attachment.php?attachmentid=92113&stc=1&thumb=1&d=1204678558
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 4, 2008 8:06pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
w5 of wC?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92116&stc=1&thumb=1&d=1204679165
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2042
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 4, 2008 11:26pm
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif good job
hi el grande, you're a doing very good job herehttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif I'm a novice in EW and my learning is easier with your thread. Thank you.
Keep going
http://www.forexfactory.com/images/buttons/quote.gif
#2043
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 12:08am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Thank you pipchaser. I hope this really helps you.
Price is above Daily pivot of 204.79
Daily R1 is @ 206.10
Previous Days High (based on Previous days Hi and Lo Range ) Is @ 205.68
I would watch price if it successfully breaksout of this range. For me, there is a high probability of this happening as price is already above daily pivot.
Weekly Pivot though is @ 207.71
Price though looks like it might still retest the pivot level where a median line also exists. then ..if it does not continue downwards...
Chances are .... Price may go up but encounter a strong resistance on the weekly pivot level of 207.71
TP levels
205.68
206.44
206.68
206.92
These are mere notes that you may want to observe on your charts together with your technical indicators. I have to go out now and will be back US session.
if you see the same target levels, let us know.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2044
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 12:31am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif my TP
my daily pivot is at 204.81 and my targets are Fibo levels:
205.84 23.6
207.30 38.2
208.49 50
I will closely watch for reversal patterns in those areas.
http://www.forexfactory.com/images/buttons/quote.gif
#2045
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 3:35am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Gbp/Usd
Hmmm ............. ?http://www.forexfactory.com/images/smilies/yim/cool.gif
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92224&stc=1&thumb=1&d=1204705929 http://www.forexfactory.com/attachment.php?attachmentid=92228&stc=1&thumb=1&d=1204706064 http://www.forexfactory.com/attachment.php?attachmentid=92232&stc=1&thumb=1&d=1204706186
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#2046
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 6:26am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by marketwavez http://www.forexfactory.com/images/buttons/viewpost.gif
Gbp/Usd
Hmmm ............. ?http://www.forexfactory.com/images/smilies/yim/cool.gif
-------------------------------------------------------
Hello Marketwavez.
i chaged your counting a little, it looks more clear and undrestanding now.
i still believe that GBP/USD will go higher in this week, and that supports around 1,700 will hold. Anyway, i hope you dont mind, that i changed your picture.
http://www.forexfactory.com/attachment.php?attachmentid=92290&thumb=1&d=1204716404
Mar 5, 2008 8:11pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
my daily pivot is at 204.81 and my targets are Fibo levels:
205.84 23.6
207.30 38.2
208.49 50
I will closely watch for reversal patterns in those areas.
Looking good for you pipchaser....
Yesterday before I left, I had placed 2 small equal Long trades @ 205.18
However, I placed a Stop Loss on 1 (@204.60 ) which was a 38.2% retrace from the previous day's high while I let the other one loose with out an SL.
When I came back around US session, I saw the SL triggered while the other was in profit. I exited the one with profit without further analyzing it for Net loss of 40 pips on those 2 trades. I did not have much energy left to stay up and watch my trades after a long drive around the city for nearly 6 hours.
Now, it looks like we were actually on the correct direction.
The labels on the chart should be self explanatory aside from the notes. However, if you have questions..... just ask.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92598&stc=1&thumb=1&d=1204765706 http://www.forexfactory.com/attachment.php?attachmentid=92599&stc=1&thumb=1&d=1204765706 http://www.forexfactory.com/attachment.php?attachmentid=92600&stc=1&thumb=1&d=1204765729 http://www.forexfactory.com/attachment.php?attachmentid=92601&stc=1&thumb=1&d=1204765729
http://www.forexfactory.com/attachment.php?attachmentid=92602&stc=1&thumb=1&d=1204765756 http://www.forexfactory.com/attachment.php?attachmentid=92603&stc=1&thumb=1&d=1204765756 http://www.forexfactory.com/attachment.php?attachmentid=92604&stc=1&thumb=1&d=1204765775
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2049
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 8:54pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
GBPJPY m30 details
sorry ... this did not go thru earlier.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92616&stc=1&thumb=1&d=1204768451
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2050
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 5, 2008 11:21pm
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif G/J daily
Hi el,
I took a look on daily charts for geppy and I think that it just completed W1, now we are in W2 but I have no clue about what kind of correction can be. I'm waiting for first wave of W2 retracement to have an opinion. What do you think?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92636&stc=1&thumb=1&d=1204777284
Mar 6, 2008 1:33am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Thanks pipcatcher for bringing this up. I do not mean to shoot down your thoughts on this. However, I will just provide some points I thought you might want to consider (which I considered before I set aside the same count you just made.
1. if you look at the 1st chart on the series above this post, you will notice also that the stochastics I had on the chart somehow formed a triangle.
2. Aside from that, I noticed that the legs of that potential triangle were smaller than the one to their left. This would have been 2nd pt to qualify it as a triangle
However, there was also an alternative count. I looked around for a possible reason to sdispute the triangle. And the only one I found was the form of this triangle. It would look more like a Barrier triangle with the inverted side.
from what I can deduce with the barrier triangle format, the breakout usually occurs on the flat side and not the slanted side. This can not be a symmetrical triangle for me as it has one side less angled to the apex than the other.
Next is I looked at the Time Component. Measuring how much time was consumed for wave 2 compared to this proposed wave 4. I remembed somebody telling me before that w4 is normally equal to wave 2 interms of time. I have not come across this in the books yet as far as I can remember.
If I place wave 4 where you placed yours, then w4 would have taken longer than wave 2. But it could be a reason to match the wave breakdown with your MACD. I can still be wrong with my count.
Next I checked was the technical indicators.
If price is indeed in wave 2 now, then this would have to climb towards
61.8 208.26
78.6 209.56
88.0 219.29
But Monthly Pivot is @ 208.67
Weekly Pivot @ 208.58
If price goes higher than this substantially, then Price will already have reversed and this cannot be wave 2 then. (Just my thought)
Based on the Previous day's Range and FIB Breakout, I would consider price going higher than the monthly and weekly Pivot towards Maximum of 209.34 which is Daily R2 and near the 61.8% FIB Breakout.
But this is even a bit contradictory to the usual retracement done by wave 4 which should be from 38.2 - 50% of wave 3. So I would be inclined towards 208.26 which is 61.8% of wave 3
If this is really wave 4 and it retraces more than 61.8%, based on the Guideline, next to watch is potential wave 5 failure (Truncated)
Your asking me this has made me go over that time guideline for wave 4. Based on a higher timeframe, wave 4 must end around 030908 (magenta vertical line on the chart). but the internal structure for the c4 is nearly complete.
Now, I am inclined to watcch this as a potential complex sideways expansion as the WXYXxZ instead of the ABC or WXY due to this time factor.
So these are the thoughts that I base my trading decisions on.
Price going up to finish c5 then down for Xx towards 206.25 to 205.40 and bouncing from there to finish Z of w534 till 030908.
This is just laying a map for this price. But this can still change. What I do is set this up then monitor and see if price does work as was planned.
In the event that Price movement deviates, then a new map is drawn whenever possible.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92654&stc=1&thumb=1&d=1204784872 http://www.forexfactory.com/attachment.php?attachmentid=92655&stc=1&thumb=1&d=1204784872 http://www.forexfactory.com/attachment.php?attachmentid=92657&stc=1&thumb=1&d=1204784910 http://www.forexfactory.com/attachment.php?attachmentid=92658&stc=1&thumb=1&d=1204784947
http://www.forexfactory.com/attachment.php?attachmentid=92659&stc=1&thumb=1&d=1204784947
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 6, 2008 3:48am
Mar 6, 2008 8:24am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif USD/JPY
Hello guys. I am back after long time in this threat. I was watching correction in USD/JPY for a long time now, and maybe i figured out how could it be.
I believe that we are in big wave IV, where should JPY break down again in few days. First move in this correction was expanded diagonal triangle in wave a, then zigzag in wave b, with triangle in subwave b and ending diagonal in subwave c. After that price continue to the last wave c of IV with another expanding diagonal triangle. So after this breakout i will wait on the 61,8% retricement where i will go short with 1/3 of the position, with stops above 104,20. If my sell 1 wont be achieved i will go short after breakout the lower trend line! grega
http://www.forexfactory.com/attachment.php?attachmentid=92788&thumb=1&d=1204809847
http://www.forexfactory.com/images/buttons/quote.gif #2058
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 9:42am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by money http://www.forexfactory.com/images/buttons/viewpost.gif
Hello guys. I am back after long time in this threat. I was watching correction in USD/JPY for a long time now, and maybe i figured out how could it be.
Welcome Back ...... http://www.forexfactory.com/images/smilies/yim/happy.gif
Look forward to seeing more of your charts
http://www.forexfactory.com/images/buttons/quote.gif
#2059
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 9:57am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Gbp/Usd
UPDATE -Result
Here is how the trade set-up turned out .....http://www.forexfactory.com/images/smilies/yim/happy.gif
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92827&stc=1&thumb=1&d=1204815321 http://www.forexfactory.com/attachment.php?attachmentid=92828&stc=1&thumb=1&d=1204815321 http://www.forexfactory.com/attachment.php?attachmentid=92829&stc=1&thumb=1&d=1204815378
http://www.forexfactory.com/images/buttons/quote.gif
#2060
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 10:02am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by money http://www.forexfactory.com/images/buttons/viewpost.gif
Hello Marketwavez.
i still believe that GBP/USD will go higher in this week, and that supports around 1,700 will hold.
Anyway, i hope you dont mind, that i changed your picture.
Attachment 92290
Gbp/Usd
I think you may be right about a rally .............http://www.forexfactory.com/images/smilies/yim/happy.gif
---------------------------------------------------------------
Here is another look at what may be occurring
----------------------------------------------------------------
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92830&stc=1&thumb=1&d=1204815718
http://www.forexfactory.com/images/buttons/quote.gif
#2061
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 10:21am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Us Dollar
Usd/Chf - wave-count
Us Dollar is Oversold ...... Very Oversold ! ................http://www.forexfactory.com/images/smilies/yim/happy.gif
/////////////////////////////////////////////////////////////////
- May now be making an End of Wave 5 Low
-----------------------------------------------------------
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92843&stc=1&thumb=1&d=1204816871
http://www.forexfactory.com/attachment.php?attachmentid=92290
Mar 6, 2008 1:17pm
s3padrian
Member
Member Since Apr 2007
373 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Here yah Go!
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92888&stc=1&thumb=1&d=1204827462
http://www.forexfactory.com/images/buttons/quote.gif #2063
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 1:33pm
s3padrian
Member
Member Since Apr 2007
373 Posts
http://www.forexfactory.com/images/icons/icon1.gif
I'd be very careful of this count of AUDUSD
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92896&stc=1&thumb=1&d=1204828417
http://www.forexfactory.com/images/buttons/quote.gif
#2064
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 1:44pm
s3padrian
Member
Member Since Apr 2007
373 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Here's an USDJPY count Update
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=92899&stc=1&thumb=1&d=1204829070
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#2065
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 3:22pm
pickindim
Multiple Usernames
Member Since Mar 2008
1 Posts
http://www.forexfactory.com/images/icons/icon1.gif
No money on forum anymore??http://www.forexfactory.com/images/smilies/yim/confused.gif Infraction overload??
Why is that? He just discussed and posted his charts on forum.
http://www.forexfactory.com/images/buttons/quote.gif
#2066
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 10:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
adjusted wave count for 3 4 and 5 Lime Green to end C3 Purple
C4 Purple may be developing into a Symmetrical Triangle which could fill up the space in time towards 030908 to finish the w534.
Now look at the 2nd chart (m60). I have placed a RED horizontal line as the Limit for w534 inorder for it not to overlap with w531.
Then next to consider is the C to A relationship which is normally at the maximum of C = 161.8 A. with some exception running up to FE 261.8 or C = A 2.618 . Check the 3rd and 4th charts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=93009&stc=1&thumb=1&d=1204859321 http://www.forexfactory.com/attachment.php?attachmentid=93010&stc=1&thumb=1&d=1204859321 http://www.forexfactory.com/attachment.php?attachmentid=93011&stc=1&thumb=1&d=1204859366 http://www.forexfactory.com/attachment.php?attachmentid=93012&stc=1&thumb=1&d=1204859366
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2067
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 10:31pm
fxdoc
Member
Member Since Nov 2007
137 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBP/USD
Quote:
Originally Posted by fxdoc http://www.forexfactory.com/images/buttons/viewpost.gif
Here we are, wave (4) finally completed previous night. Wave (5) developping !
Targets for wave (v)of(5) of C :
50% of the swing 2.1160/1.9336 = 2.0248
1.5 x wave A ....................... = 2.0292
1.618 x wave A ..................... = 2.0365
presently, we have reached close to 1.272 x wave A = 2.0151
against actual 2.0137
Have a nice day !
http://www.forexfactory.com/images/buttons/quote.gif
#2068
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 10:54pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
w534 proposed end after the suggested symmetrical triangle is equivalent to the widest portion of the triangle.
So I placed a FIB Retracement tool equivalent to the widest portion of the triangle from the end of 3 down to wave A of the triangle and super-imposed it at the suggested end of the triangle to project 207.98 as possible end of w534.
I have a Buy Limit @ 206.30 whioch is 61.8% retrace of the wave A of this proposed D leg of the triangle.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2069
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 6, 2008 11:15pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Watch the Stochastics
I would watch Stochastics for its cross to coincide the short term reversal to head back up to the upper side of the triangle.
My Buy Limit is @ 206.30
If I get the stoch cross before it hits 206.30, then I will have to enter my Long Trade manually.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS. A drop lower than 205.94 will dispute the Symmetrical Triangle Proposed.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2070
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 7, 2008 4:00am
Serega
Member
Member Since Jun 2007
162 Posts
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Hi guys. its a pity to loose Money:surprised
So here my counts on cable and cad/jpy
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