Mar 15, 2008 2:16am
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 Chart #14
GBPUSD Chart #14
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95372&stc=1&thumb=1&d=1205561796
__________________
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 #2154
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2008 2:17am
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 Chart #15
GBPUSD Chart #15
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95373&stc=1&thumb=1&d=1205561839
__________________
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
#2155
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2008 2:18am
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 GBPUSD Chart #16
GBPUSD Chart #16
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95374&stc=1&thumb=1&d=1205561877
__________________
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
#2156
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2008 2:18am
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 GBPUSD Chart #17
GBPUSD Chart #17
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95375&stc=1&thumb=1&d=1205561915
__________________
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
#2157
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2008 2:31am
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 Chart #18
GBPUSD Chart #18
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95376&stc=1&thumb=1&d=1205562695
__________________
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
#2158
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 16, 2008 4:35am
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 GBP/USD M15 chart
I think we are in W2 which, like EG said, is seems to be an irregular flat . The target for C wave could be 2.0105 which is 261.8 of A wave. From this point I'm expecting as W3 to start. Also we have to watch 1.9995 as starting point of W1, If price goes under this point I'm going to relabel charts.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95514&stc=1&thumb=1&d=1205656459
http://www.forexfactory.com/images/buttons/quote.gif
#2159
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 16, 2008 5:07am
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 GJ daily
IMHO, we are in W5 on GBP/JPY daily. Taking into consideration that W1 started at 241.46 and ended at 220.98 (20.48), W5 started at 213.86. My target for W5 is 193.30-40 (213.86-20.48).
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95515&stc=1&thumb=1&d=1205658377
http://www.forexfactory.com/images/buttons/quote.gif
#2160
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 16, 2008 7:52am
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
GBPUSD alternative view using trendlines and other possibilities.
Note that Breakouts on 4 hour trendlines can be very powerful and have high probability trades.
Use with caution.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95533&stc=1&thumb=1&d=1205668257 http://www.forexfactory.com/attachment.php?attachmentid=95534&stc=1&thumb=1&d=1205668257 http://www.forexfactory.com/attachment.php?attachmentid=95536&stc=1&thumb=1&d=1205668279 http://www.forexfactory.com/attachment.php?attachmentid=95537&stc=1&thumb=1&d=1205668279
http://www.forexfactory.com/attachment.php?attachmentid=95539&stc=1&thumb=1&d=1205668295
__________________
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 16, 2008 8:33am
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
from March 1 post # 2025
and how price developed
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95543&stc=1&thumb=1&d=1205670733 http://www.forexfactory.com/attachment.php?attachmentid=95544&stc=1&thumb=1&d=1205670733 http://www.forexfactory.com/attachment.php?attachmentid=95545&stc=1&thumb=1&d=1205670755 http://www.forexfactory.com/attachment.php?attachmentid=95546&stc=1&thumb=1&d=1205670755
http://www.forexfactory.com/attachment.php?attachmentid=95552&stc=1&thumb=1&d=1205670938
__________________
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 #2162
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 17, 2008 6:31pm
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 GBPUSD
GBPUSD
I hope that all if not many of you considered the charts I posted on #2160 regarding the Possibilities of a 4 hour trendline break and the Daily trendline break.
Price broke out of that 4 hourt support trendline break and bounced a little on the next 4 hour support trendline.
I would expect a further fall and will be watching it hit or touch the Lower median of the Andrews Pitchfork.
If you are not greedy, I would stay away fron this for awhile. Yesterday's fall was not too bad for a Monday eh? Specially for a FOREX Trader http://www.forexfactory.com/images/smilies/yim/happy.gif
So when counts seem to be a bit unclear for me, I turn to other tools to help me track price. May not always be 100% accurate. But it helps.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95927&stc=1&thumb=1&d=1205793089 http://www.forexfactory.com/attachment.php?attachmentid=95928&stc=1&thumb=1&d=1205793089
__________________
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
#2163
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 17, 2008 6:39pm
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
GBPJPY
w5=w1 was achieved.
A retrace is due . However, further fall is inevitable.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95929&stc=1&thumb=1&d=1205793525 http://www.forexfactory.com/attachment.php?attachmentid=95930&stc=1&thumb=1&d=1205793525 http://www.forexfactory.com/attachment.php?attachmentid=95931&stc=1&thumb=1&d=1205793550
__________________
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 17, 2008 6:48pm
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
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
I think we are in W2 which, like EG said, is seems to be an irregular flat . The target for C wave could be 2.0105 which is 261.8 of A wave. From this point I'm expecting as W3 to start. Also we have to watch 1.9995 as starting point of W1, If price goes under this point I'm going to relabel charts.
Good luck
Hey pipchaser.
Kindly check again. I just noticed this in your chart.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95933&stc=1&thumb=1&d=1205793958
__________________
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 #2165
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 17, 2008 6:50pm
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
IMHO, we are in W5 on GBP/JPY daily. Taking into consideration that W1 started at 241.46 and ended at 220.98 (20.48), W5 started at 213.86. My target for W5 is 193.30-40 (213.86-20.48).
Good luck
Congratulations Pipcather.
Well done. ALL PIPS in the BAG. Better collect and convert 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
#2166
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 18, 2008 1:40am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon14.gif
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Hey pipchaser.
Kindly check again. I just noticed this in your chart.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hi EG. Feel free to correct my labeling errors. http://www.forexfactory.com/images/smilies/yim/happy.gif
http://www.forexfactory.com/images/buttons/quote.gif
#2167
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 18, 2008 1:42am
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
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Congratulations Pipcather.
Well done. ALL PIPS in the BAG. Better collect and convert now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Thanks a lot EG. I had my TP at 193.35 and all the pips are in my pocket http://www.forexfactory.com/images/smilies/yim/happy.gif
I think you have enjoyed too this short ride. http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
Good luck
http://www.forexfactory.com/images/buttons/quote.gif
#2168
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 18, 2008 1:55am
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 USD/JPY H1
IMHO, on H1 TF we are in W4 of W3, which is a triangle correction. The triangle should be complete in the 98 zone and then I'm expecting W35 to start. I'm going to short UJ in 98 area with first target at 95.73.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=95980&stc=1&thumb=1&d=1205819574
http://www.forexfactory.com/images/buttons/quote.gif
#2169
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 18, 2008 7:57am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
IMHO, on H1 TF we are in W4 of W3, which is a triangle correction. The triangle should be complete in the 98 zone and then I'm expecting W35 to start. I'm going to short UJ in 98 area with first target at 95.73.
Good luck
Not bad. I agree with your targets. But check the rule of extension. Do you suppose your w35 will be extended? Or may be we have some other configuration on the market. I am worrying that your 33 isnt extended.
Good luckhttp://www.forexfactory.com/images/smilies/yim/happy.gif
http://www.forexfactory.com/images/buttons/quote.gif
#2170
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 18, 2008 8:29am
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
Quote:
Originally Posted by Serega http://www.forexfactory.com/images/buttons/viewpost.gif
Not bad. I agree with your targets. But check the rule of extension. Do you suppose your w35 will be extended? Or may be we have some other configuration on the market. I am worrying that your 33 isnt extended.
Good luckhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hi Serega. Your view is correct. I`m expecting as W5 to be extended and price get lower than 95.73. That's why I said first target. I will closely watch this target.
Good luck
http://www.forexfactory.com/images/buttons/quote.gif
#2171
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 19, 2008 12:54am
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
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
IMHO, on H1 TF we are in W4 of W3, which is a triangle correction. The triangle should be complete in the 98 zone and then I'm expecting W35 to start. I'm going to short UJ in 98 area with first target at 95.73.
Good luck
Price has retraced to 78.6% area. I didn't take any short positions until now. I`m waiting for H1 close to take any action
http://www.forexfactory.com/images/buttons/quote.gif
#2172
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 20, 2008 5:38am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif
I see neutral triangle on Daily on usd/cad.
As for me we can expect long drive for about 1000 pips on this pair
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=96668&stc=1&thumb=1&d=1206005869
http://www.forexfactory.com/images/buttons/quote.gif
#2173
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 20, 2008 10:09am
http://www.forexfactory.com/nfs/avatar59904_2.giflancelot41
Member
Member Since Jan 2008
http://www.forexfactory.com/images/misc/6kt.gif12 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Hello Serega, this are very possible moves, but i would labeled them as wave 1 and 2 in wave c...
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#2174
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 21, 2008 2:47am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Wave C cant be here 5 waves impuls(posssible terminal) as many guys think, cause we dont have the extended wave(the rule of extension). So if it is not 5 waves C then its 3 waves C (a-b-c). And 3 waves C we can find only in triangles. In neowave there is one kind of new triangles that is called Neutral Triangle in which C wave is the largest segment.
Thanx for comments.
Must admit that lots of my friends either dont believe that it is triangle.
But we can say that it is truth when the market will finish the correction and start for next impuls uphttp://www.forexfactory.com/images/smilies/yim/happy.gif
Good luck
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#2175
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 21, 2008 10:02am
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/CAD
Hello everybody
i ve get my status back, forever i hope.....http://www.forexfactory.com/images/smilies/yim/happy.gif
here is my chart for USD/CAD
http://www.forexfactory.com/attachment.php?attachmentid=97009&thumb=1&d=1206108112
Mar 24, 2008 11:48am
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 everyone!
It looks like this threath is not so active that used to be..So I am back to post somethink usefull. Well I am trading USD/JPY right casue its very interesting right now, Price just broke out of A-B-C-D-E triangle after HOUSE PRICES report. soo i quickly grab the opportunitty while i was watching cnbc plus and went long... after 25 minutes price already made new high and broke resistances 100,19 and 100,45 which should now stands as very strong supports, and this supports should push price much higher. I labelled my targets on the picture bellow. (usd-jpy chart)
The main reason why I aslo went long is becouse GBP/JPY break trendline resistance which now looks also on upside dirrection with possibillities of zigzag correction which is very simmilar to the correction on USD/JPY.
If you trading a lot GBP/JPY or USD/JPY you must watch this two pairs at the sametime, cause if you are wacthing supports and resistances on both pairs then it should be a lot more easier to recognize the price targets...
Well, the brokethorugh on GBP/JPY was my confirmation, so i went long on USD/JPY when i saw this, cause if price would bonuced from this trendline restinance then we would see price on USD/JPY much lower right now..
Nice trading, Grega
USD_JPY chart
http://www.forexfactory.com/attachment.php?attachmentid=97394&thumb=1&d=1206373313
GBP_JPY chart
http://www.forexfactory.com/attachment.php?attachmentid=97397&thumb=1&d=1206373656
http://www.forexfactory.com/images/buttons/quote.gif #2180
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 24, 2008 8:27pm
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
Nice work Grega.
Thank you for sharing your views in this thread and the interesting way you correlate USDJPY and GBPJPY while others watch both USDJPY and GBPUSD to determine GBPJPY direction.
As to this threads inactivity these days, I must apologize as I have been working on a number of things aside from trading. Although you will see me in some of the forum's thread, I browse thru a number of them when I get a chance on my computer to see what is happening.
I believe there are just very few of us here who really follow or even believe in EW counts.
Anyway..... see you around.
PS. Did you ever observe that though we have viewers in this thread, most of them are guests and not regular members of the forum? This to me basically shows very little interest in EW among the regular members. I would assume that many of these guests come over to this thread for first views and then move on to other threads and topics. Often, we would have more guests than regular members viewing the posts here at any one time.
__________________
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 24, 2008 9:07pm
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#2181
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 24, 2008 8:46pm
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
ok. here is something on the GBPUSD
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
UPDATE:
Previous day's High was at 1.9886
Price is above daily pivot @ 1.9833 but still below weekly Pivot @ 1.9936.
For C= 1.618
update again:
I am going out for a few hours but will leave a Sell Limit Order @ 1.9935
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=97497&stc=1&thumb=1&d=1206405897 http://www.forexfactory.com/attachment.php?attachmentid=97498&stc=1&thumb=1&d=1206405897 http://www.forexfactory.com/attachment.php?attachmentid=97499&stc=1&thumb=1&d=1206405913 http://www.forexfactory.com/attachment.php?attachmentid=97510&stc=1&thumb=1&d=1206408898
http://www.forexfactory.com/attachment.php?attachmentid=97511&stc=1&thumb=1&d=1206409554 http://www.forexfactory.com/attachment.php?attachmentid=97515&stc=1&thumb=1&d=1206410047
__________________
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 24, 2008 9:57pm
Mar 24, 2008 11:23pm
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
Have removed Sell Limit Order as I am now back. looking for a higher w5 to end this wC of w4.
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 #2183
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 24, 2008 11:34pm
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
Charts EW with Ichimoku
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=97542&stc=1&thumb=1&d=1206415986 http://www.forexfactory.com/attachment.php?attachmentid=97543&stc=1&thumb=1&d=1206415986 http://www.forexfactory.com/attachment.php?attachmentid=97544&stc=1&thumb=1&d=1206416001
__________________
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
#2184
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 25, 2008 1:21am
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
Pullback on the 1min then a short rally on the 5min chart
waiting for price to enter the kumo on the 1min chart or lower.
Price may find support on the lower side of the 5min kumo before a short rally on the 5min chart
Update 1:
Possible support @ 1.9897 which is Murrey Math Strong Support on 15min chart
Flat lower side on 5min kumo is @ 1.9893
Update 2:
I am not seeing any Divergence yet from 1min to 15min charts so still holding a view that there is still room to go up. Besides, Price has not crossed to the lower side of the Kumo yet on the 5min and 15min TF.
UPDATE 3:
I hope everybody who follow this thread understand that I am not here to call trades. My views should be taken as ideas you can look into.
Earlier I mentioned about what I was looking for or expecting on the 1 min and 5min charts. I actually took an earlybird entry LONG and went thru a 15pip drawdown. Only to stay on and hold then see an 18pip potential profit and got out for 14pips in the bag.
This demonstrate somehow the benefits of watching multiple time frames trying to catch the price turns. We won't get all of this full PIPS. But we will be somehow forewarned of potential turns.
So if you want to scalp, watch the 1min-5min-15min charts. Ofcourse, I would insist that you apply the EW Rules and Guidelines. And I would further suggest that you also study the Ichimoku Kinko Hyo Strategy.
Now, I have to leave again. But this time to have some fun with wife and friends. We need the exercise too you know. Some Badminton action would be great. Market will always be there. There will be multiple opportunities to profit. http://www.forexfactory.com/images/smilies/yim/happy.gif
Happy Trading Everyone. I hope even at least 1 trader out there has learned something today.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
2230 PHI 1030 NY
I am back and price did go up still from where I exited earlier. Now it is @ 1.9968 from an earlier high of 1.9984. I exited @ 1.9928 earlier for my 14 pip profit prior to leaving.
For those who patiently watched and tracked price, that was a nice profit to keep.
2255 PHI
I can't stay up to trade right now. There is still a potential for price to still go up to artound 2.0020 whose are has 2 median lines on the 4hr charts
Current move up could be attributed to that FLAT upper Kumo side which magnetizes prices toward it on 4hr chart. on this TF price is still under the kumo. However 5min to 1hr charts shows still potential room to go up as price is stil above the Kumo.
For as long as price is still far from the kumo, trend reversal for a particular TF can not be confirmed yet. A price cross of the kumo validated by other factors in the Ichimoku can help reduce false breakouts or crossover.
Price is above the Kumo from 5min to 1 hour charts.
We may have the chance to short this pair tomorrow.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Update
032608
Note the breakout to the upside of the 4hour RESISTANCE trendline
1140 PHI
Period of consolidation on the 15min chart. Likely a corrective wave which could be a w4 on 15min chart
RED ABC could be a 3wave A ended at 1.9734 and this move up from 1.9734 could be a B wave.
Price breakout to the upside of a 4hour Resistance rtrendline could bring price much higher than where it is now. Besides the 1initial 1234 Green does not comply with the rules and guidelines anymore because of the w1 and w4 overlap and the internal structure of the supposed w4 have exceeded the wave extention guideline for abc.
Therefore, the move from 1.9734 going up ( now that it has to be considered as a potential wave B ) , will now have the following possible forms:
since A was a 3 wave structure abc, then B will be a FLAT or a Triangle and not a zigzag.
1216 PHI
watch for 2.0015 - 1.9992 as potential support prior to a new rally scalp.
__________________
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 26, 2008 12:12am
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#2185
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2008 5:28pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
4hour Resistance Trendline Breakout worked out fine but scared many with that pullback.
As I look at this now, we have an A blue on the Daily.
But B blue may not yet be finished. Although it is possible that C is where it ends. But it may not be an ABC red . Instead, it may be a WXYXxZ.
Why? Check the stochastics..
Look at the price on the Ichimoku
And the next Resistance Trendline is from a Daily Resistance trendline. Although could also be broken. It would be more of the first 2.
But also see how that move from 2.0396 went down to 1.9734. That looked more like 3 waves.
If this is already a move down for the Big C Blue, then it should have been in 5 waves for the internal structure of C1 down to be followed by a 3 wave up C2.
If that daily resistance trendline breaks, then next to look forward to for me is that Z.
Note also that price is above the Daily and the weekly Pivot.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
001 0558 PHI Note Divergence on the 5min chart
002 0603 After reviewing post again, I found out I posted 2 daily chart. so here is the actual 4hour chart. My apologies to all.
003 0607 We may now find price going back down towards that FLAT Kumo side near 2.0020. This is within the area of the 50% retracement. Although it may find temporary support on a median line found on the 15min chart @ 2.0040. Price now is at 2.0071
004 0633 PHI 2.0101 seems a top for the 5min chart. am looking / watching for price to find temporary support on the first median line below it at around 2.0050. Next median line it could find support is @ the level of 2.0020 which is near the Daily Pivot. But price may head back up for a wB of a corrective move. watch your stochs and relate the EW waves with it.
005 0810 PHI Ok.... we got that 5min pullback
007 0922 PHI Targets
Daily Chart 2.0800
1hour chart 2.0400
m15 2.0250
m5 1.9900
Let see how we all fare with these targets. watch your wave counts
008 0930 PHI %min chart . note strong Support on Murrey Math @ around 2.0020 while a median line is @ 2.0005 5min chart
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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
Last edited by el grande, Mar 26, 2008 9:52pm
Mar 27, 2008 5:15am
Serega
Member
Member Since Jun 2007
162 Posts
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the market loves us!!!!
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http://www.forexfactory.com/images/buttons/quote.gif #2187
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2008 5:48am
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GBPJPY Trader
Member Since Mar 2008
818 Posts
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hi EG,
did u predict on EUR/JPY...
can u predict for me..
where it's goes?
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#2188
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2008 10:31am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by Ultraman http://www.forexfactory.com/images/buttons/viewpost.gif
hi EG,
did u predict on EUR/JPY...
can u predict for me..
where it's goes?
you have chosen not to receive emails or PM
__________________
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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#2189
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2008 10:35am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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charts
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http://www.forexfactory.com/attachment.php?attachmentid=98285&stc=1&thumb=1&d=1206628482
__________________
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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#2190
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2008 10:36am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
FIBS
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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
Mar 27, 2008 6:20pm
tamervip
Member
Member Since Mar 2008
3 Posts
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hi every one
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Serega
Member
Member Since Jun 2007
162 Posts
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:wave: hi everyone:wave:
As previously i think cad will go up next month, at least 1000 pips. As for me now we at the last stage of forming of triangle. Its wave E.
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Mar 29, 2008 2:35pm
Stockvista
Member
Member Since Mar 2008
1 Posts
http://www.forexfactory.com/images/icons/icon1.gif How ???
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How is it ?
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#2199
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 30, 2008 5:33am
aviro25
Novice Trader
Member Since Apr 2007
35 Posts
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Quote:
Originally Posted by Serega http://www.forexfactory.com/images/buttons/viewpost.gif
You can take any material about waves and there you ll find about this rule.
If we take 3 wave extended (as usual) it should be not less than 161.8% from the 1 wave by fibo.
There are some other simple rules for labeling.
By the way, looking at your count i thought you had known about it
i thought i aware of the PHI in EW and fibonacci ratio..
thats why im asking you in case im missing something.. so ..could you please recount my picture so that i can see where is my mistakeS?
i think thats the best solution i can understand where am i wrong.
thank you in advance
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#2200
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Serega
Member
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162 Posts
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Gbp/jpy daily. Its my view. It can also be mistakenhttp://www.forexfactory.com/images/smilies/yim/big_grin.gif
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Mar 31, 2008 2:18pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif Experimenting on Divergence and EW
GBPUSD seems likely to to form a TRIANGLE based on the EW count I got using Divergence as the main tool to distinguish between wave boundaries.
This contradicts my broker's analysis and another Broker's EW count. I know I still have a long way to go on EW. But based on what I see and the guidelines I know and remember, The Zigzag option is scratched due to the 2 "A" waves which are both 3 wave structures on the Daily chart
A 3 wave "A" is followed by a B flat or a triangle.
But because the overall structure for w54 Magenta to me is now expected to be a Triangle instead of a Zigzag, then I would be expecting 5 legs which are all 3 wave in structure 3-3-3-3-3 because this is a wave 4 corrective wave.
"A" was already in 3 wave structure
"B is expected to be in 3 wave structure too. Initially I thought that the 3 wave structure is already finished, However, another 3 waves appeared as price went down from 2.0396 down to 1.9734.
I therefore concluded that the "B" wave is not yet complete. so Price should still have room to go UP.
And since the 3 wave move from 1.9337 going UP to 2.0396 was a 3wave structured wave "a" then based on the guideline of internal structures for corrective waves, since wave a3 was in 3 waves then "b" will eithr be a Zigzag or a triangle.
In either case, price should still have room to go UP.
After a lengthy explanation, it is still not definite that I am right on this one. Price and the Market still Rules Forex.
I am just trying to apply what I can remember and what I see on my charts.
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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
http://www.forexfactory.com/images/buttons/quote.gif #2204
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 31, 2008 2:59pm
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 GBPUSD continued
GBPUSD
001 0353 PHI 040108
Divergence on 1min, 5min , 15min charts
not very sure on 30min though
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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
Last edited by el grande, Mar 31, 2008 3:45pm
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#2205
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif Part 3 GBPUSD EW and Divergence
GBPUSD Part 3
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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
Mar 31, 2008 7:14pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD EW and Divergence
Looks like...... again 1.9811 is the bottom.
Divergence found already on 4hr chart which initially I was monitoring from 1min to 15min charts then later on seen on 30min and 1hour charts.
Now that Divergence is already found on 4 hour chart, we may have seen the bottom for wave Xx which to me may still range and develop into a triangle on the 4hour chart and later breaking out to finish with the wave Z towards 2.0750-2.0790 which is the maximum for B of a Zigzag w54
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
001 1243 PHI
while I was undergoing a drawdown on 2 trades from yesterday, I managed to make 2 trades this morning before I left the office with a total of 3 + 18=21 pips. That was after price hit 1.9811
still have the 2 old Long trades.
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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
Last edited by el grande, Apr 1, 2008 1:13am
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Serega
Member
Member Since Jun 2007
162 Posts
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Usd/jpy one hour
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#2208
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 1, 2008 7:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
1.9734 has been BREACHED
PLUS 4hour trendline has been surpassed to the downside. Though a pullback has been seen, I have changed my price outlook to the downside.
These are merely my observations and thoughts. Some may trade these or some may use a contrarian view.
each to his own. my views may or may not always reflect what I trade. I hedge and sometimes hold to trades depending on my risk tolerance for each trade. and I scalp inbetween. So do not follow my analysis blindly.
use it as just a heads up for certain observations which hopefully can contribute to your analysis.
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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
Last edited by el grande, Apr 1, 2008 8:44pm
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#2209
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 2, 2008 2:54am
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
Usd/jpy one hour
Bingo!!!! two targets reached!!!!http://www.forexfactory.com/images/smilies/yim/party.gif
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#2210
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 3, 2008 3:36am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif looking for short
I suppose we are at the end of C wave that consists of 5 waves. Than another segment will start down.
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Apr 6, 2008 3:48am
Serega
Member
Member Since Jun 2007
162 Posts
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Cable and Gold
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http://www.forexfactory.com/images/statusicon/post_old.gif Apr 9, 2008 1:46am
Serega
Member
Member Since Jun 2007
162 Posts
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Hi all!!!
Seems the pair gbp/usd is moving to our targets. Thats good news.
Gold is standing.
Here guys one variant of Usd/Jpy but i have to say that I doubt in it a litle bit.
Trade your own vision.
Wish you profits
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#2215
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s3padrian
Member
Member Since Apr 2007
373 Posts
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GBPUSD
http://i262.photobucket.com/albums/ii92/limitmaker/gbpusd41408-1.gif
The 4H count shows a possible b-wave running triangle has finished in a complex wave-C of a higher degree.
http://i262.photobucket.com/albums/ii92/limitmaker/gbpusd414082.gif
The 1H count shows that we may be starting wave-3 down from of the end triangle.
We've got a new low past the wave-i, but it's currently being retraced. The new low might be wave-.b or an irregular flat, wave-2. If this is true, price should not retrace wave-b (because wave-b has fallen 138.2%) and wave-c would be equal to wave-c.
I have a pending sell order. I might take another sell order with a stop at the nearest 1H top.
Adrian
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#2216
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 14, 2008 9:30pm
s3padrian
Member
Member Since Apr 2007
373 Posts
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http://i262.photobucket.com/albums/ii92/limitmaker/eurusd414081-2.gif
Looks to be a running triangle in the wave-4 position
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#2217
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 15, 2008 6:29am
Serega
Member
Member Since Jun 2007
162 Posts
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Good Counts Adrianhttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
I see you like triangles
Wish you profits
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#2218
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 15, 2008 6:52am
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 Potential
GBPUSD
update
001 d3 may not be over yet on the Daily chart. IMHO price may go UP to 1.9898 ( to touch the Magenta Broken line which is a Daily Resistance TL ) still before coming down for the e3 to finish the Falling wedge formed by wave "b" of wave "B"
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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
Last edited by el grande, Apr 15, 2008 7:18am
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#2219
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http://www.forexfactory.com/nfs/avatar53597_3.gifhussin naiji
beginner
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someone can give daily elliot wave analysis on chart ?
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Candles Exhaust Themselves to Give Light to Men
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#2220
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s3padrian
Member
Member Since Apr 2007
373 Posts
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Flat on EU after there was no huge burst.
Here's a count on GBPJPY of a possible triangle pattern forming.
I'm short, but will reverse with evidence of the alternate variation.
http://i262.photobucket.com/albums/ii92/limitmaker/gbpjpy41508-1.gif
Apr 16, 2008 2:23am
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 GBPUSD
GBPUSD.
I am still holding on to this triangle. a 3 wave structure has formed downward and the end consolidating on the downward support TL of the proposed triangle.
I am still looking for price to go lower than 1.9545 which is the minimum for a FLAT B wave.
So this proposed Triangle lower degree b should have its "e" wave extend lower than 1.9545.
Therefore, this move up I would think is a wave "b" inside a 3 wave structure wave "e". retracement level is at the maximum 80% to qualify as a zigzag.... then a PLUNGE.
if the retrace up should exceed 80%, then I would have to re think my wave count.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
update:
001 I would consider 1.9752 as TP
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103364&stc=1&thumb=1&d=1208326990
__________________
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, Apr 16, 2008 2:42am
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Serega
Member
Member Since Jun 2007
162 Posts
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Hi Adrian, also had a break.
here how i see the pair usd/chf
two variants: brown - sell
red - buy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103395&stc=1&thumb=1&d=1208335739
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#2224
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 16, 2008 8:55am
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 GBPUSD
Looks like I am stuck with my trades right now. Positions are equally hedged.
I was expecting price to come down still. Although the maximum retrace I was looking at of 80% @ 1.9834 has not been reached yet...... current max of 1.9806 is quite near.
Looking or using the FIB Extention tool though seems to indicate an Impulsive move has been made instead of a corrective set of waves as Price has even ezxceeded the FE 425. instead of staying within or below FE 161.8
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
update
001 2133 PHI
next target is 1.9903..... by then I will look for opportunity to exit 1/2 of my long position. I am thinking that that could be the possible end of wave 1 up.
Alternative move will be ( if price starts to come down again to 1.9500 ) is to just allow all trades run and let the long trades in a drawdown while the short trades to run in profit. Timing will be very important in this case.
002 2157 PHI
m15 Resistance @ 1.9901 S1 @ 1.9707 S2 @ 1.9651
my thoughts on this would be for price to come down to either of these 2 Support levels on the 15min charts for the wave 4 down. then followed by a move up towards 1.9834.
this means that the whole move from 1.9600 going up to 1.9806 is just the "A" leg of a 3 wave structured "B" of the wave "e" down for the triangle which is expected to make a throwover to the downside of the triangle to qualify for the over all FLAT wave "b"
so first a move down towards 1.9707 or 1.9651 followed by a move up towards 1.9834 at most
then followed by the new Plunge towards 1.9545 or lower.
003 2234 PHI
new chart added watch out. looks like it will come down near the 2 levels I mentioned earlier. those were based on other systems. while this is based on EW.
004 2347 PHI
note 15min 100 sma is at 1.9669.... based on a different system, this could provide a strong support well ahead of the initial 2nd target of 1.9651
I still think price will bounce from 1.9669 orn 1.9651 level to go up to 1.9834 max
005 0003 PHI 041708
added a chart outlining possible wave count before it happens. further fall than 1.9651 will mean my assumptions and count are wrong about price bouncing from the low of 1.9651 max to bounce toward 1.9834
006 0155 PHI
Alternative Count on GBPUSD
this anticipates a final move down now towards 1.9545.to finish wave "ce" of the smaller degree "b" of a higher degree B wave. This means that with this current move down, price will continue to go lower than 1.9651 and not bounce from this level. but continue to go down.
Target with this count is at 1.9522 which is FE 100 of a 3 wave structured wave "ce"
007 0450 PHI
Price retracing UP. I would not worry toomuch about this. Check 15min chart and you will see that this is just a retracement (IMHO). Then price will continue to go down.
And it looks like it will continue to lower levels and will most likely exhibit a throw under for the Triangle or wedge as others would call it prior to reversing and return to the Bull trend in the Medium Term.
008 0512 PHI
For those watching this notes. Remember that I have trades in opposite directions and are equally hedged. I was and am still looking for a point to unhedge.
Yes, I have earlier stated above that price seems to be going down and that this move up is just a retracement. Be warned that now I have just checked my RSI based EW tracking and the moves/waves on the 15min chart have been showing 335 3 wave structures from 2.0049 .
Current retrace IMHO could go up to 1.9750 or 1.9764 50 and 61.8% retrace of the move down from 1.9807
15min stochs is awaiting a cross back signal at overbought area while the 30min stochs is still heading up.
a 3 wave structure has been formed from 1.9806 down to 1.9690, then a move up right now which I think would end on the 50-61.8% retrace up.
To be followed by a 5 wave structure wave "c" DOWN.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103455&stc=1&thumb=1&d=1208350537 http://www.forexfactory.com/attachment.php?attachmentid=103482&stc=1&thumb=1&d=1208356224 http://www.forexfactory.com/attachment.php?attachmentid=103513&stc=1&thumb=1&d=1208361444 http://www.forexfactory.com/attachment.php?attachmentid=103531&stc=1&thumb=1&d=1208368259
__________________
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, Apr 16, 2008 5:20pm
Apr 17, 2008 5:50pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
I may seem to have been online based on the status you saw yesterday. But the truth is, I actually left my computer running and the FF webpage open so it recorded I was online.
Sorry about that fxpredator. I was not able to help you yesterday.
I was just monitoring price thru my mobile as I was visiting clients yesterday.
Anyway...... I have finally UNHEDGED my position for +4. It was almost 240 pip GAP. 1 trade hit my shallow TP of +10 which I forgot to adjust before I went to rest last night while the other I manually closed at -6.
So Finally left with my old short trade and now with a new short trade of 50% of the old one.
Entered @ 1.9909 SHORT. Counted 5 waves up 1.9600-1.9923 (323 pips)
TP for now is 1.9723 which is the 61.8% retracement.
That is if we consider this last move up as wave 1 of a "c" wave up.
This retracement may not be enough to save or unhedge my old SHORT (from 1.9678) at profit nor at breakeven. But , let us see what can be done about it.
I can keep nursing it while price completes this wave "c" Up and wait for price to come down again ( which could really run into a huge drawdown, but at least I will not register any loss which eventually I would still have to work hard to recover ).
or I can take that loss when price hits 61.8% retracement and exit the old short trade for a loss of 55 pips which may be offset by the potential profit to be earned by new short trade which is 50% the size of the old one
hhhmmm.... that would be equivalent to earning an equivalent of 90 pips then less the 55 pips still in the drawdown, Still a NET 35 pips potential profit.
2 possible scenarios then.....
However, if this 5 wave up is the whole wave "c" up already..... then THIS would be SWEET as it would mean I can let both trades ride and RUN ALL THE WAY DOWN and look forward to both trades turning in to profit.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS. Looks like Adrian's wave B count was correct where B was an abc where "c" was an ending diagonal triangle which eneded at 1.9600
UPDATES
001 0641 PHI
Still possible for 1.9980 for a final wave 5 on another system for tracking waves. But I will hold on to my short trades for now.
worst case scenario, i will let them run even on a continuous drawdown, then re-assess my counts if it would be worth to find an opportunity to trade LONG or wait for signs of price coming down then either just wait for previous short to recover or put in a smaller short trade than the last one made.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103987&stc=1&thumb=1&d=1208470429
__________________
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, Apr 17, 2008 6:56pm
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daytek
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Member Since Jan 2007
57 Posts
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HEY HEY HEY!
How is everybody around here these days?
Please do comment on the following count, im looking for alternative scenarios on 30-60 mins for guppy.
Thank you
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=104050&stc=1&thumb=1&d=1208491696
Last edited by daytek, Apr 18, 2008 12:08am Reason: Forgot the chart
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#2229
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 18, 2008 3:21am
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 welcome again
hi EG. i'm glad you have started to post againhttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
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#2230
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The only way it's up!
Member Since Nov 2007
196 Posts
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this could start a great correction? corect me if i'm wrong. http://www.forexfactory.com/images/smilies/yim/winking.gif
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#2231
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burkejonathan
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Member Since Jul 2005
9 Posts
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Here's where we are going with GBP. we have a contracting triangle formation in progress. This is pretty much set in stone as these are unbelievably reliable!
Then down again from the target area. Looks like a great long on Sunday night into Monday.
Here's the chart..
http://img213.imageshack.us/img213/913/gbphb2.th.jpg
This a great Long opportunity, don't miss out. Use the camarilla lines Mq4 to jump in on a break of the H3 line.
Back soon.
Johan
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#2232
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 21, 2008 7:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
I will be watching the Stochastics to keep things as simple as possible.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
001 1940 PHI
if the move down was a wc2, it looks like it was just the 5 wave structure of a potential "a" of a Zigzag ABC for wc2.
retracements are shown as ticked levels. note that this are suggested levels that price may turn around and head back down to make a 3 wave structured suggested Zigzag ABC which could be a C=A.
002 2003 PHI
Looking at Stochastics, the ups and downs may represent the EW counts.
the extended wa3 maybe that series of downward humps then followed by a rally which may be the wa4 up
we may still be seeing a move down lower than the last low to finish off a wa5. I see the move down from 2.0024 as part of wave c2 down whihc normally will end at the 61.8% retracement @ 1.9761
from a different perspective, it may also be possible that wa leg in 5 wave structure may be finished @ 1.9810 and the move up is the "b" structure of wave 2
just throwing several options out. as for me, I am on my charts watching.
have been having broadband connection problems since last friday.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=104872&stc=1&thumb=1&d=1208777344 http://www.forexfactory.com/attachment.php?attachmentid=104873&stc=1&thumb=1&d=1208777344 http://www.forexfactory.com/attachment.php?attachmentid=104874&stc=1&thumb=1&d=1208777361 http://www.forexfactory.com/attachment.php?attachmentid=104875&stc=1&thumb=1&d=1208777361
__________________
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, Apr 21, 2008 3:03pm
Apr 21, 2008 8:30pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
Reading the charts below may seem very confusing due to the numerous lines. But try scaling in and scaling out of the different TFs and check the FIB retracements and Extentions.
You will see what I see.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105093&stc=1&thumb=1&d=1208824230 http://www.forexfactory.com/attachment.php?attachmentid=105102&stc=1&thumb=1&d=1208828090 http://www.forexfactory.com/attachment.php?attachmentid=105103&stc=1&thumb=1&d=1208828090 http://www.forexfactory.com/attachment.php?attachmentid=105105&stc=1&thumb=1&d=1208828127
http://www.forexfactory.com/attachment.php?attachmentid=105106&stc=1&thumb=1&d=1208828127 http://www.forexfactory.com/attachment.php?attachmentid=105107&stc=1&thumb=1&d=1208828145 http://www.forexfactory.com/attachment.php?attachmentid=105108&stc=1&thumb=1&d=1208828145
__________________
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, Apr 21, 2008 9:35pm
http://www.forexfactory.com/images/buttons/quote.gif #2234
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 21, 2008 9:41pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD Alternative count
GBPUSD Alternative count
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105110&stc=1&thumb=1&d=1208828499
__________________
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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#2235
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 22, 2008 8:09pm
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
GBPUSD went back down to meet the 61.8% retrace ( actual is 66%)
That would have been a very nice level to go LONG realy heavy and it would have been very profitable.
I personally have 3 trades starting at the 59% retrace but took them out at levels which just gave very little profits as it went up . It would have been better had I been watching my trades.
Anyway, Am looking for opportunities to put in new long trades as price goes down for a retrace.
Long term P is at 2.0659 for a C=A in a B wave on the Daily chart
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105514&stc=1&thumb=1&d=1208909323 http://www.forexfactory.com/attachment.php?attachmentid=105515&stc=1&thumb=1&d=1208909323 http://www.forexfactory.com/attachment.php?attachmentid=105517&stc=1&thumb=1&d=1208909731
__________________
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
Apr 23, 2008 2:26am
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 M5 G/U
this is my view on M5. we are in C wave. target 1.9880 area
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105573&stc=1&thumb=1&d=1208931915
http://www.forexfactory.com/images/buttons/quote.gif #2237
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 23, 2008 5:42am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Congratulations Pipchaser. The rally that followed that 161.8% FIB Extention was very profitable.
the retrace brought up a new opportunity to set Long trades.
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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#2238
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s3padrian
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Member Since Apr 2007
373 Posts
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Looks like we tried longing GU with it now returning to it's bottoms.
Might still be a c-wave in a flat correction.
I'm looking at the weekly pivot to long. If it crosses 1.9819 then we're not impulsive anymore
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#2239
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 23, 2008 7:43pm
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 GBPUSD
That Long on the Cable was short lived. But if one was not greedy and was watching the charts on the lower time frames, then one would now that
1. there was a nice profit to take by exiting or moving the SL to a profit level.
2. and by counting waves in the lower TF also will let one know a count is invalidated for the medium term.
Since the earlier count on the lower time frame was invalidated, then moving up to higher time frames would should that it is possible that wave 2 inside the wave C up of the DAILY chart has expanded into a FLAT corrective wave which is developing the wave c down of the wave 2 of the C up.
Looking at 1.9720 as potential end to this wC2c.
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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#2240
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 23, 2008 10:40pm
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Congratulations Pipchaser. The rally that followed that 161.8% FIB Extention was very profitable.
the retrace brought up a new opportunity to set Long trades.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Thanks a lot EG. I hope you enjoyed those pips as well.
Good luck
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#2241
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 1:43am
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 GU H1
we have finished wave 2 or B. IMH W3 or C is on its way.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=106321&stc=1&thumb=1&d=1209102152
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#2242
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 3:29am
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 GU H1
well my count was wrong, w2 or B is not finished yet.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=106361&stc=1&thumb=1&d=1209108557
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#2243
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 5:04am
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 cable h1
IMO we had a W c5 failure and now W2 or B is complete. we have a nice bullish engulfing and a good moment to enter long will be at the break of 1.9770 area.
What do you think EG?
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=106388&stc=1&thumb=1&d=1209114233
Apr 27, 2008 8:57am
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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EUR/USD 4 hour
Seems like we are gonna head up again pretty soon
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=106757&stc=1&thumb=1&d=1209301019
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #2246
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 27, 2008 9:34am
scyang
You never know
Member Since Apr 2008
1,314 Posts
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Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
EUR/USD 4 hour
Seems like we are gonna head up again pretty soon
I am a newbie and just beginning to learn. Could you tell me what you see in the chart and where you expect eurusd to go in beginning day or two next week? Thanks.
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#2247
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 27, 2008 5:21pm
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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Quote:
Originally Posted by scyang http://www.forexfactory.com/images/buttons/viewpost.gif
I am a newbie and just beginning to learn. Could you tell me what you see in the chart and where you expect eurusd to go in beginning day or two next week? Thanks.
Hi
Elliot wave is very subjective. so im just speculating on elliot wave counts that the next move is up to atleast 1.5735 or higher
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It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2248
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 30, 2008 10:43am
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 GBP/JPY H4
This is my view on GJ H4 tf. Any opinions are welcome.
Good luck
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#2249
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 30, 2008 10:39pm
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 GJ H4
IMO wave B is complete, we are now in wave C which is an impulse wave. I'm waiting as wave C to touch 200.29 but time will tell.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=107982&stc=1&thumb=1&d=1209609521
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#2250
http://www.forexfactory.com/images/statusicon/post_old.gif May 1, 2008 4:20pm
tamervip
Member
Member Since Mar 2008
3 Posts
http://www.forexfactory.com/images/icons/icon10.gif
hi this is my chart
defrent account in GBp gpy
and w is your opinion in my acco in GBp usd
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=108260&stc=1&thumb=1&d=1209672964 http://www.forexfactory.com/attachment.php?attachmentid=108261&stc=1&thumb=1&d=1209672964
May 1, 2008 7:04pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Seems like the correction continues
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=108292&stc=1&thumb=1&d=1209683056
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #2252
http://www.forexfactory.com/images/statusicon/post_old.gif May 2, 2008 8:50am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Perfect NFP fall???
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=108501&stc=1&thumb=1&d=1209732610
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#2253
http://www.forexfactory.com/images/statusicon/post_old.gif May 3, 2008 9:19pm
tamervip
Member
Member Since Mar 2008
3 Posts
http://www.forexfactory.com/images/icons/icon1.gif
MY CHART
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#2254
http://www.forexfactory.com/images/statusicon/post_old.gif May 5, 2008 10:00am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Seems like the 1st leg of the correction is over...or is it tht the correction is over? I guess we will have to wait and see...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=109077&stc=1&thumb=1&d=1209996016
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2255
http://www.forexfactory.com/images/statusicon/post_old.gif May 7, 2008 5:14pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Wondering if the decline was end of wave 2 or extended correction? only time will tell
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=110030&stc=1&thumb=1&d=1210194836
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#2256
http://www.forexfactory.com/images/statusicon/post_old.gif May 8, 2008 4:40pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Making sense of the non-sense
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=110487&stc=1&thumb=1&d=1210279215
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#2257
http://www.forexfactory.com/images/statusicon/post_old.gif May 8, 2008 4:53pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Another scenario as per the 1 hour chart...if its a 5-3-5 structure...then we might have a downfall untill 1.5200....hmmm...this correction is giving us some issues to think bout...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=110491&stc=1&thumb=1&d=1210280016
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2258
http://www.forexfactory.com/images/statusicon/post_old.gif May 11, 2008 2:40am
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 GBPJPY
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
IMO wave B is complete, we are now in wave C which is an impulse wave. I'm waiting as wave C to touch 200.29 but time will tell.
Good luck
Wave B was higher than I thought but Wave C touched 200.29 (and lower) on Friday and closed above. I will wait to see a clear direction of geppy.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111095&stc=1&thumb=1&d=1210487982
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#2259
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 7:13pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111653&stc=1&thumb=1&d=1210633986
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
May 12, 2008 11:08pm
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 CABLE charts
PREViously drawn charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111686&stc=1&thumb=1&d=1210648045 http://www.forexfactory.com/attachment.php?attachmentid=111687&stc=1&thumb=1&d=1210648045 http://www.forexfactory.com/attachment.php?attachmentid=111688&stc=1&thumb=1&d=1210648064 http://www.forexfactory.com/attachment.php?attachmentid=111689&stc=1&thumb=1&d=1210648064
__________________
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 #2261
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:10pm
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 yesterday's charts
yesterday's charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111690&stc=1&thumb=1&d=1210648179 http://www.forexfactory.com/attachment.php?attachmentid=111691&stc=1&thumb=1&d=1210648179 http://www.forexfactory.com/attachment.php?attachmentid=111692&stc=1&thumb=1&d=1210648202 http://www.forexfactory.com/attachment.php?attachmentid=111693&stc=1&thumb=1&d=1210648202
http://www.forexfactory.com/attachment.php?attachmentid=111694&stc=1&thumb=1&d=1210648214
__________________
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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#2262
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:13pm
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 today's charts
today's charts
a retracement has occurred which is more of a 535 from the high of 1.9632. this could be abc or 123.
but if we look at the upward retracement of this move down, it only made a 38.2% retrace which is a bit unlikely or seldom for a wave 2 to do. this would be more expected from a zigzag wave where c = a will or also can occur.
checking the fibs on the chart it has almost touched the FE 100.0 (1.9513)although it can still come down to as low as 1.9466 which is the FE 161.8
if it goes lower than 1.9466, this will be first caution level for me for a possible 123 instead of abc. final confirmation would be if price goes for a lwoer level than 1.9442 which is previous last low.
it would be worthy to also note that the decline from 1.9632 , this move has made a near perfect 61.8% retracement which is quite common with wave 2s.
so adding up all this fib retracements and fib extention levels I have been working on based on what I have read in various references. I am more inclined to consider this as a wave 2 and soon we will see CABLE starting its ascent.
note that for now this ascent that I am looking forward to is just to complete the wave B up towards the 2.0500 or higher before the big wave C down to the lows of 1.9000 or lower to 1.8700.
EGhttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111695&stc=1&thumb=1&d=1210648297 http://www.forexfactory.com/attachment.php?attachmentid=111696&stc=1&thumb=1&d=1210648297
__________________
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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#2263
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:24pm
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
wave 3 on the 5min chart was seen on the FE 100.o @ 1.9537/9 followed by a small pullback for wave 4 at 1.9534.
expecting wave 5 to reach 1.9552 very near the level fo the wave 4 of smaller degree of previous impulse wave @ 1.9554
expecting a rtracement down towards 1.9530 before the nice rally .
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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#2264
http://www.forexfactory.com/images/statusicon/post_old.gif May 13, 2008 3:41am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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BULLISH stance on the CABLE has been affected by the retracement from 1.9632. it has now retraced downwards by about 76.4%.
visually and pattern wise including the application of ew guidelines, the move down from 1.9632 can be seen as a 5 wave structure which even follows the rule on wave 4 not overlapping with wave 1.
this then puts my count in a a bit of a quandary. 5 waves up then 5 waves down. but applying a linear regression channel on that move down from 1.9632, the price on the 15min chart has stayed inside the channel. NOTE that the last leg ended as an ending diagonal triangle. could be an abcde FLAG or PENNANT pattern which is a continuation pattern .
TO me it is likely now that we will see 1.9632 again.
INITIALLY I would have gone for a 61.8% retracement towards 1.9574, but that would mean that this 5 waves in a downward channel will be considered as wave 1 down of a much bigger wave 5 down
while that initial 5 waves up from 1.9442 will have to be considered as a 3 wave structure and a zigzag wave up.... but come to think of it, stochastics pattern somehow spells it as such.
I am out of the market now except for 2 long trades from the 1.99 level that I am still nursing. have collected a nice bunch of pips today with this up and down movement.
will stay on the sideline to watch preice if it retraces to that 61.8% level up then fall or will it continue to go up.
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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#2265
http://www.forexfactory.com/images/statusicon/post_old.gif May 14, 2008 2:59am
Serega
Member
Member Since Jun 2007
162 Posts
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Hello wavers!!!
Usd/jpy H4.
Wish you profits
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May 14, 2008 9:33am
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
Cable
SL for trading wave 5 up is at 1.9410
Possible wave 1 UP (red) end at FE 61.8 wave 0-3-4 @ 1.9500
Looking for wave 2 to fill GAP
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
UPDATE: looks like a failed one already. alternative is an irregular FLAT
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=112317&stc=1&thumb=1&d=1210774062
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=112308&stc=1&d=1210772516
__________________
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, May 14, 2008 10:07am
http://www.forexfactory.com/images/buttons/quote.gif #2267
http://www.forexfactory.com/images/statusicon/post_old.gif May 14, 2008 1:37pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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ALTERNATIVE count for a possible anomaly
IN as much as I want Cable to begin its ascent, this possible STOCHASTICS reading anomaly against the price dips do not seem to match up.
Divergence I think still need to exhibit oversold / overbought levels at wave ends.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=112390&stc=1&thumb=1&d=1210786455
__________________
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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#2268
http://www.forexfactory.com/images/statusicon/post_old.gif May 18, 2008 4:46pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Another fall in Usd/Jpy?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=113403&stc=1&thumb=1&d=1211143547
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2269
http://www.forexfactory.com/images/statusicon/post_old.gif May 19, 2008 2:55pm
s3padrian
Member
Member Since Apr 2007
373 Posts
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Well I haven't posted a chart in a long time on USDJPY, so here's one!
Right now USDJPY is not very clear on the long term. We've had overlap on several degrees, and the 1,2,1,2 pattern did not fall in a decreasing Fibonacci relationship; however, the price patterns of the current rally have been very corrective; therefore, price should start making lows. Unfortunately, to my knowledge, the current price patterns do not dictate when these new lows will take place. I've been sitting patiently waiting for signs of the mid-term direction.
I look forward to discussing it with you.
Adrian
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=113713&stc=1&thumb=1&d=1211223327
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#2270
http://www.forexfactory.com/images/statusicon/post_old.gif May 20, 2008 5:41pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=114157&stc=1&thumb=1&d=1211319684 http://www.forexfactory.com/attachment.php?attachmentid=114165&stc=1&thumb=1&d=1211322023 http://www.forexfactory.com/attachment.php?attachmentid=114166&stc=1&thumb=1&d=1211322521
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
Last edited by kevmcfoster, May 20, 2008 6:29pm
May 21, 2008 1:25am
farawave
Member
Member Since May 2008
2 Posts
http://www.forexfactory.com/images/icons/icon1.gif GOLD H1 Daily & Weekly
http://i28.tinypic.com/i44tbr.gif
http://i28.tinypic.com/21etj0g.gif
http://i28.tinypic.com/168d0tz.gif
http://www.forexfactory.com/images/buttons/quote.gif #2275
http://www.forexfactory.com/images/statusicon/post_old.gif May 22, 2008 10:17am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
so far so good....
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=114858&stc=1&thumb=1&d=1211465832 http://www.forexfactory.com/attachment.php?attachmentid=114859&stc=1&thumb=1&d=1211465832
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2276
http://www.forexfactory.com/images/statusicon/post_old.gif May 26, 2008 12:19pm
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBP/JPY
Hey traders, whats up...
Market its a litlle crazy in the last two weeks...I believe that this are very hard days for EW traders, so just a few pips its a lot in the days like this....
However, there is somethnig interesting on GBP/JPY.... looks like we have double zigzag, so maybe the short positions are not so far away....I would deffinatly short this one today, but as we all now, there is holiday in US and UK, so I will wait till tommorow to see how will turn this out....
Ok, the only thing that bothers me on this one is that price bounced from 200 simple MA on 2h timeframe...so I beieve that after breaking this zone, should MA become very strong resistance to push prices lower...and then could be new trend in process...
If you look at the chart below, its obvious that we have impulsive wave from Friday...so today we deffinatly could be in a correction...However I am expecting something like simple zigzag or flat with irregular B..esspecially if we have in mind that first wave a oif II is a three wave move...
Today we could see price to go up in to the same area as previous wave iv of lesser degree..A lot of times the wave 2 find the resistance as wave iv of lesser degree..in our case around 205,30....
Its also interesting that first zigzag is equal extacly at 395 pips as the second zigzag....
See ya, Grega
http://www.trading-fx.si/fx/netanalize/gbp-jpy1.gif
Last edited by money, May 26, 2008 3:55pm
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#2277
http://www.forexfactory.com/images/statusicon/post_old.gif May 26, 2008 6:18pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
GBPJPY 4 HOUR
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=115782&stc=1&thumb=1&d=1211840275
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2278
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 2:22am
Serega
Member
Member Since Jun 2007
162 Posts
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USD/CAD DAY
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#2279
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 7:11am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Irrelevant post to forex...
For people who do care bout the Dow...here's my view on the 4 hour Dow chart...
2 possibilities...
Also, the crude oil scenario...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=115935&stc=1&thumb=1&d=1211886676 http://www.forexfactory.com/attachment.php?attachmentid=115944&stc=1&thumb=1&d=1211889753
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
Last edited by kevmcfoster, May 27, 2008 8:02am Reason: Adding crude
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#2280
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 6:02pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
eur/usd and usd/jpy...both moving nicely
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116089&stc=1&thumb=1&d=1211925735 http://www.forexfactory.com/attachment.php?attachmentid=116091&stc=1&thumb=1&d=1211926055
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
May 29, 2008 2:35am
Serega
Member
Member Since Jun 2007
162 Posts
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Usd/chf possible count. As for me we are at the end of correcti. I expect on another move down. But we should be careful, because if the high 1.0600 will be broken, tha pair can rush up
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Last edited by Serega, May 29, 2008 2:48am
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http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 3:04am
Serega
Member
Member Since Jun 2007
162 Posts
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Looking on cable...
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#2283
http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 10:01am
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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Euro/usd and gbp/jpy
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It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2284
http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 7:29pm
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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Adjusting count for usdjpy
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2285
http://www.forexfactory.com/images/statusicon/post_old.gif May 30, 2008 12:17pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Daily Charts for Cable
Note that this is just a follow thru of previous meduim term forecast for GBPUSD.
If you will check previous charts on Daily and weekly forecast, I have explained there that I am looking for a C wave Up to complete a the Big B wave of a FLAT or Irregular Flat which could potentially end at least at 90% of the Big wave A ( 90% @ 2.0975 ) or at the most towards the 132% of Big wave A @ 2.1861.
Rememebr that the Path to the wave's end is not direct. Completion could take weeks or months while Cable whipsaws price as it works its way Up.
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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