May 31, 2008 6:31pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Below is the original chart to trace history of above analysis and charts.
Followed by what seems to be happening on the lower timeframes.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2287
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Be Consistent Profiting Trader
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http://www.forexfactory.com/images/icons/icon1.gif new member for this thread
hi eg,
Just found ure thread.I also wanna learn EW from u.Still beginner in EW. Hope i can have informative resource from this thread.
Thanks
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#2288
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 4:21am
OwningSoros
Member Since May 2008
138 Posts
http://www.forexfactory.com/images/icons/icon1.gif http://www.dailyfx.com/story/special...814189581.html
http://www.dailyfx.com/story/special...814189581.html
is the above report correct?
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#2289
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 8:33am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Potential Micro EW Count for Cable
Initially, I was thinking there could be a possible reversal now for Cable ( short term ) considering that a Possible Bearish Harmonic Pattern can be seen on the 5minute and 1minute charts.
To top it off, a possible multiple resistance is seen on the 1 minute chart
But trying to use MACD to help discern possible wave divisions and using Divergence to further validate wave turns, then I also realived a possible ending diagonal triangle wave 5 in the offing.....
I am now inclined to have a bias towards a small further push UP from the multiple resistancefor the final wave 5 which would then complete the ending diagonal triangle or still have that possible throwover...
Afterwhich Cable may be seen to retrace its way down towards first the base of that ending diagonal triangle which is near the lev el of 38.2% of the whole climb from Friday.
other possible retracement levels are 50% @ 1.9755 and 61.8% @ 1.9738.(usual). But we have to remember that Cable is most likely in a wave 3 of a higher degree wave C which normally exhibits a strong urge of getting back on the trend without the usual 61.8% retracement. And most likely it would only retrace by 38.2% and this somehow coincides with the usual characteristics of price which just underwent an ending Diagonal triangle where Price would normally retrace towards the base of that ending diagonal triangle.
These are all probabilities. you need to have other factors to convince yourself that this is what is actually going to happen.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS.
ffujifilm..... Welcome to the thread. I cannot offer resources to learn from here except to lead you to the url of www.elliottwave.com
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=117462&stc=1&thumb=1&d=1212323330 http://www.forexfactory.com/attachment.php?attachmentid=117463&stc=1&thumb=1&d=1212323330 http://www.forexfactory.com/attachment.php?attachmentid=117464&stc=1&thumb=1&d=1212323359 http://www.forexfactory.com/attachment.php?attachmentid=117465&stc=1&thumb=1&d=1212323359
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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
Jun 1, 2008 5:42pm
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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gbpjpy n eurjpy
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Last edited by kevmcfoster, Jun 1, 2008 5:58pm
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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 Caution on Cable
Note following levels if breached
1.9683 warning
1.9673 ew count is invalidated
Retracement for w2 went deeper than I expected. therefore it cannot be wave 2 anymore because it has gone lower than the wave 31 origin I had initially labelled.
if you were not greedy after seeing the potential ending diagonal triangle on the 5min chart then a short trade as the market opened would have put you in a lot of profit now.
Price seems to be looking for more downside movement now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS....if the downside movement proceeds to breach the levels enumerated above, then I would look at the 50-61.8% retrace from the lower level @ 1.9364
these would be
FE 100 @ 1.9636
FE 161.8 @ 1.9529 which incidentally also falls near a median line on the 4hour chart plus this is also at the 61.8% retrace (1.9548)
Bulls will have to give in to the bears for now so the bears can join the Bulls to 2.0000+
__________________
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, Jun 1, 2008 6:59pm
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#2292
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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GBPUSD daily and DOW 1 hour
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=118247&stc=1&thumb=1&d=1212498422 http://www.forexfactory.com/attachment.php?attachmentid=118248&stc=1&thumb=1&d=1212498422
__________________
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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#2293
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s3padrian
Member
Member Since Apr 2007
373 Posts
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Still lots of possibilities out there for USDJPY. Here's what I see so far. I'm not going to rule out a rally to 107 though. It's been in my head for awhile.
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#2294
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 4, 2008 6:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Cable
"PS....if the downside movement proceeds to breach the levels enumerated above, then I would look at the 50-61.8% retrace from the lower level @ 1.9364
these would be
FE 100 @ 1.9636
FE 161.8 @ 1.9529 which incidentally also falls near a median line on the 4hour chart plus this is also at the 61.8% retrace (1.9548)
Bulls will have to give in to the bears for now so the bears can join the Bulls to 2.0000+"
Above is from an earlier post...
Based 0n EW , Cable has hit 61.8% retracement @ 1.9548
1. 1.9535 has been achieved as of London session
2. There is a Bullish Harmonic Pattern on the 4hour and 1hour charts with a range End of 1.9577 - 1.9470
3. I am missing Divergence on the 15 minute chart to signal a return to the UPTREND
for now, my Cable Long Trades are under a drawdown 8 in all. Out of the 3 long term short trades I have nursed for almost 2 months, have exited 1st for a 4 pip loss while the 2nd which was relieved today was out for +3. Now I still have 1 remaining Short trade which I hope to relieve come US session.
GBPJPY....
1 more DIP lower than 204.53 to complete the Divergence on 15min chart for this correction to the UPTREND
Bullish Harmonic Pattern on the 15min, 30min and 1hr charts down to 204.39
Lacking Divergence on 1hr, 30min, 15min and 5min charts
@2209 PHI Cable
Divergence on the 15min chart right b4 news. waiting for 5min and 1min Divergence
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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, Jun 4, 2008 10:01am
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#2295
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s3padrian
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373 Posts
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GBPJPY is definitely showing a sign to the down size, unfortunately we don't know when it will start falling.
http://img104.imageshack.us/img104/7901/gbpjpyjune4lk3.gif
Jun 7, 2008 8:04am
zweig
Member
Member Since Jun 2008
47 Posts
http://www.forexfactory.com/images/icons/icon1.gif eur/jpy
hallo traders..
ive attached a daily chart of the eur/jpy where we can see its in a rising wedge formation.we all its a trend reversal setup. you can see ive got 4 legs in the wedge and we looking for the final leg to 5 . can anyone help me out with the elliot wave formula,where possible leg 5 will be. can you also tell me how do you work the final leg out.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=119554&stc=1&thumb=1&d=1212840271
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zweig
Member
Member Since Jun 2008
47 Posts
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anyone one want to help the final leg target before trend revers?
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#2298
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money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif EUR/JPY
Zwieg, to honest, i dont see prices so low at this time, esspeccialy if I have right about possiblle correction structure named FLAT with 3-3-5 subwaves. Now are more actual long positions, cause resistance line from July 07, has been broken, and in many cases prices retraces to this line, which should become support now. So i see very good opportunity to hold long position after pullaback to 164,00-164,00 zone. Look the picture.. See you, Grega.
http://www.forexfactory.com/attachment.php?attachmentid=119655&thumb=1&d=1212925520
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#2299
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 8, 2008 8:01am
zweig
Member
Member Since Jun 2008
47 Posts
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ok mmoney,ive seen what you mean, a bit dissapointed in this pair ,wait so long for this pair to tumble to the south,but it seem its not gonna happen,thnx for youre reply
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#2300
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 8, 2008 12:00pm
http://www.forexfactory.com/nfs/avatar65828_1.gifffujifilm
Be Consistent Profiting Trader
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http://www.forexfactory.com/images/icons/icon1.gif geepy
Hi EG or anyone,
If u have time just comment my counting...is it valid?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=119692&stc=1&thumb=1&d=1212940824
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#2301
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 9, 2008 9:39am
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Be Consistent Profiting Trader
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Quote:
Originally Posted by ffujifilm http://www.forexfactory.com/images/buttons/viewpost.gif
Hi EG or anyone,
If u have time just comment my counting...is it valid?
Break the wave rules.Its invalid now..
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#2302
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 29, 2008 9:09am
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Usd/Cad
Short Term wave-count ...............http://www.forexfactory.com/images/smilies/yim/happy.gif
---------------------------------------------------
Only a Probability !..................... Not Cast in Stone
----------------------------------------------------
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Jun 30, 2008 7:11pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Usd/Cad
Yesterday .....to..........Today !
--------------------------------------------
Gap now closed ...........http://www.forexfactory.com/images/smilies/yim/winking.gif
---------------------------------------------------
Original Post : .......See Post # 2302
Wave " C " Rally
Long @ .0096 ( Stop .0065 ) ............... Targets ( See chart below )
/////////////////////////////////////////////////////////////////////////////////
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Last edited by marketwavez, Jul 1, 2008 7:56am
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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
4hour chart wave count.
Note that this is how I see Price to be developing. I have already closed my last short trade.
Have set myself up for LONG Trades. looking for price to achieve 90% retrace at least if this wave 4 corrective wave expansion is a FLAT.
Why possibly a FLAT? THere are 5 overlapping zigzag waves which can be grouped into just 3. For A to be in 3 wave structure, Wave B is expected to be either a FLAT or a TRIANGLE.
If a FLAT, the price should retrace by at least 90% up to 132% while if a triangle this should be about 61.8% for Leg "a".
While a do not hold any short right now, I have several Long trades. NO SL so I would strongly advise anyone planning to use my chart as basis for their trade NOT TO DO SO unless you are ready to face the consecquences.
if it goes down, there is no SL while if it goes up then I look for the completion 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, Aug 1, 2008 1:15pm
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#2305
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Donadoney
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A head and shoulders is an ABC correction what happens to the count after the correction? Is the uptrend going to continue...and what would the count look like if it did? Or is a head and shoulders the beginning of a downtrend in the case of the end of a bull market...and what would the count look like?
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#2306
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12345abc
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It depends on where it is in the cycle if it forms off 5,5,5,5 then it's at least an extreme corection....if it happens of just one count of 5 (small degree) it's a wave 2
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#2307
http://www.forexfactory.com/images/statusicon/post_old.gif Aug 3, 2008 9:08pm
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 Gbpusd_080408_ew Analysis Videos
I tried attaching or embedding links to this post hoping to have the videos showing on the thread itself instead of going to You Tube. Unfortunately, it is not possible to show the video here just like on the Blogger website.
May I suggest to FF Moderators/owners to look into this possiblity so that we need not get out of the FF website to watch video presentation of presentations related to forex trading. You can check how Blogger does it. I know because I was able to do this on my Blog. It makes for better and easier organizing of video presentations.
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
Last edited by el grande, Aug 4, 2008 9:18am
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#2308
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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_080408
GBPUSD_080408_240min
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=136300&stc=1&thumb=1&d=1217856421
__________________
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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#2309
http://www.forexfactory.com/images/statusicon/post_old.gif Aug 4, 2008 4:24pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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GBPUSD
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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
Aug 6, 2008 1:51pm
mvusal
Member
Member Since Aug 2008
1 Posts
http://www.forexfactory.com/images/icons/icon1.gif eurusd: is it bottom?
Hi everybody.
Here is my view for eurusd
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Dec 27, 2008 8:42pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Here are some notes on the Cable.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Dec 27, 2008 8:56pm
Dec 30, 2008 10:15am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable Ideas
Potential Counts for Cable.
I have my Primary Count and an Alternative Count.
See if you can find some logic in it.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=186820&stc=1&thumb=1&d=1230650073 http://www.forexfactory.com/attachment.php?attachmentid=186821&stc=1&thumb=1&d=1230650073 http://www.forexfactory.com/attachment.php?attachmentid=186822&stc=1&thumb=1&d=1230650089 http://www.forexfactory.com/attachment.php?attachmentid=186823&stc=1&thumb=1&d=1230650089
http://www.forexfactory.com/attachment.php?attachmentid=186824&stc=1&thumb=1&d=1230650107 http://www.forexfactory.com/attachment.php?attachmentid=186825&stc=1&thumb=1&d=1230650107 http://www.forexfactory.com/attachment.php?attachmentid=186838&stc=1&thumb=1&d=1230653415
__________________
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, Dec 30, 2008 11:10am
http://www.forexfactory.com/images/buttons/quote.gif #2323
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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 and notes_010209
Note on the 3rd chart you will see Targets for 3 and 5 Yellow using the FIB Extention tool.
3 Yellow may have already been achieved
5 Yellow is next inline and is estimated to be a little above FE 261.8 just as 3 Yellow was a little above FE 161.8
then w52 seems to have been finished with the shallow retracement of around 23.6% which could signal a continued move down to accomplish wave53.
w54 target is at 1.2402 which is w35 Magenta
this is within the range of Projecting w3 Aqua using the FIB extention tool from waves 0-1-2 Aqua on the weekly chart
and aslo within the range for projecting the end of wave 35 Magenta using the FIB Extention tool from waves 0-31-32 Magenta.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
I am attaching revised notes I made last night which I drafted while the FF server seemed to have been under maintenance procedure.
...........
010109 Notes on Cable EG Analysis
On the weekly chart w1 and w2 down is finished
w1 in 5 waves
w2 in 3 waves as in a 3 wave traditional triangle
w3 in progress
w3 is extending as can be seen on the daily chart
w31 is finished
w32 is finished
w33 is finished and can be seen as an extended wave even on the daily chart
w34 is finished as an irregular flat and not anymore as an expanding triangle
w35 is in progress
using the FIB Extention Tool to project w3 and w5
w3 being extended and as can be seen on the chart would seem to end at FE 425
This is also within the range for the target of w35 using the FIB extention tool within the w3 wave extention projection
using the FIB Extention Tool to project w33 and w35,
w33 ended before reaching FE 161.8
w35 is expected to end before reaching FE 261.8
therefore, seeing that 1.2402 is in the range of projection for the end of w3 and w35
it is therefore very possible that there will be further moves down to end w35 Magenta also referred to as 3 Aqua
however, let us check the subdivisions within w35 in the daily chart and the h4 chart.
Reviewing the analysis above:
using the FIB Extention Tool to project w33 and w35,
w33 ended before reaching FE 161.8
w35 is expected to end before reaching FE 261.8
Again I would look at w35 as an extended wave too as I watch the Daily Chart.
On the H4 chart, the way that the price candlesticks on my chart looks would seem to show
1 Yellow is finished
2 Yellow as having retrace 1 quite deep
3 Yellow seems to have had a sharp decline as in any typical wave 3 with its subdivisions not so eveident on the H4 chart.
4 Yellow does not overlap with 1 yellow
5 Yellow exhibits extened characteristics, with its lower degree 5 possibly a truncated 5th
From here….. I am proposing that w35 Magenta will be extended just like w33 based on a separate analysis
Therefore, 5 Yellow on the 3rd chart is roposed to be end of w51 Aqua of w35 Magenta.
On the H4 chart you will see that 2 yellow retraced 1 Yellow by around 76.4% while 4 Yellow retraced 3 Yellow by around 23.6%
This completes the 100% retracement in terms of combined retracement percentages but not in actual values for wave 2 and 4 using the guidelines
.
It would seem that now a temporary bottom is in place at 1.4350 to end w51 Aqua (w351).
Only on the 1 min chart will you see that a 5 wave motive secquence is finished and using a different tool would indicate that this is the first sub wave 1 of an upward move.
I know those more knowledgeable seem to be seeing Cable retracing towards the 1.66 level already.
However, on my chart lower than the H4 Period, I see Cable just having finished a shallow retracement to finish w352 or w52 Aqua on the 3rd chart
And will continue to move down towards 1.2403 for the short term range.
Before it does move up for the w4 Aqua.
I hope these notes would help some of you. Kindly excuse the format I used and the rough ideas and count on my chart. I cannot expect all of you to understand it. But hopefully someone will be able to use it.
Just sharing with you thoughts running on my mind now.
EGJ
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=187298&stc=1&thumb=1&d=1230861062 http://www.forexfactory.com/attachment.php?attachmentid=187299&stc=1&thumb=1&d=1230861062 http://www.forexfactory.com/attachment.php?attachmentid=187302&stc=1&thumb=1&d=1230861301 http://www.forexfactory.com/attachment.php?attachmentid=187303&stc=1&thumb=1&d=1230861301
__________________
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, Jan 1, 2009 9:45pm
Jan 1, 2009 8:57pm
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 additional charts
Note Horizontal Yellow line to check Possible overlapping of wave 4s with wave 1s
Yellow Horizontal line along w34 if breached from where price is now if it continues to climb will invalidate the current count
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=187304&stc=1&thumb=1&d=1230861407 http://www.forexfactory.com/attachment.php?attachmentid=187305&stc=1&thumb=1&d=1230861407 http://www.forexfactory.com/attachment.php?attachmentid=187306&stc=1&thumb=1&d=1230861426 http://www.forexfactory.com/attachment.php?attachmentid=187307&stc=1&thumb=1&d=1230861426
__________________
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 #2325
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 1, 2009 10:37pm
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 Possibility for the Long Term
Cable Potential for waves 3 and 4 on the Monthly Chart
Additional Projection for w53 or 353
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=187329&stc=1&thumb=1&d=1230866604 http://www.forexfactory.com/attachment.php?attachmentid=187334&stc=1&thumb=1&d=1230868218
__________________
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, Jan 1, 2009 10:52pm
Jan 1, 2009 11:02pm
Rocroy
Senior Member
Member Since Jun 2007
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Yep, agree with you http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
R
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Cable Potential for waves 3 and 4 on the Monthly Chart Additional Projection for w53 or 353
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
http://www.forexfactory.com/attachment.php?attachmentid=187339&thumb=1&d=1230868941
http://www.forexfactory.com/images/buttons/quote.gif #2327
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 1, 2009 11:52pm
el grande
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Member Since Nov 2006
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Hi.
We still have differences here as I am assuming that price will continue to go lower towards 1.2402 to end 3 Aqua
And to be followed by a retracement towards 4 Aqua to the 1.7170 level.
Your count on the otherhand illustrate that from where price closed for 2008, you now see price rising towards the 1.7100 level. You may be right and my count can still be invalidated.
Like I mentioned in the earlier post here, I would consider my count to be invalid if price goes higher than 1.4698
Thank you for posting your count here.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Quote:
Originally Posted by Rocroy http://www.forexfactory.com/images/buttons/viewpost.gif
Yep, agree with you http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
R
Attachment 187339
__________________
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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#2328
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 2, 2009 12:16am
Rocroy
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Yes, you are right, I was a bit hasty while reading your post. Anyway, I believe we are at an interesting resistance level now and the price action shows some signs of slowing down movement. Here's also my 4h chart.
Let's see what happens. http://www.forexfactory.com/images/smilies/yim/happy.gif
R
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Hi.
We still have differences here as I am assuming that price will continue to go lower towards 1.2402 to end 3 Aqua
And to be followed by a retracement towards 4 Aqua...
http://www.forexfactory.com/attachment.php?attachmentid=187347&thumb=1&d=1230873265
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#2329
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 4:38pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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SOMETHING you might be able to use like I do in watching the waves.
LIKE I have mentioned before, my price analysis uses EW as its backbone and this is enhanced and validated thru multiple strategies to check for common targets of support and resistance levels or ranges.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=188160&stc=1&thumb=1&d=1231191276 http://www.forexfactory.com/attachment.php?attachmentid=188161&stc=1&thumb=1&d=1231191276 http://www.forexfactory.com/attachment.php?attachmentid=188162&stc=1&thumb=1&d=1231191298 http://www.forexfactory.com/attachment.php?attachmentid=188163&stc=1&thumb=1&d=1231191298
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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
Jan 5, 2009 4:48pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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PITCHFORK construction and TARGET setting.
NOTE that although PITCHFORKS may be used to trade by itself, I find it helpful in my PRICE analysis with EW.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=188169&stc=1&thumb=1&d=1231192114
__________________
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 #2331
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 5:22pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif other tools
additional visual tools
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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
#2332
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 5:27pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Hi.
........Like I mentioned in the earlier post here, I would consider my count to be invalid if price goes higher than 1.4698
Thank you for posting your count here.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
COUNT was invalidated. BUT you can take advantage of other tools to make profits.
PRICE consolidation was evident on the 1 hr chart so a counter trade at 1.4510 and 1.4589 for me were inorder to hedge my prior position.
__________________
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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#2333
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 14, 2009 10:24pm
http://www.forexfactory.com/nfs/avatar84770_2.gifsurFXwave
Member
Member Since Nov 2008
11 Posts
http://www.forexfactory.com/images/icons/icon1.gif CABLE ELLIOT WAVE Pobabilities
Just sharing my analysis for comment..
Disclaimaer : it's not a trade call..just for reference
http://i438.photobucket.com/albums/qq106/fxgzali/gu090115b-1.jpg
http://i438.photobucket.com/albums/qq106/fxgzali/gu090115a-1.jpg
__________________
Avoid drawn, Don't surf agains the wave, Successfull Surfer always Surf with the wave, lets "SURF with Forex WAVE" Together
Last edited by surFXwave, Jan 14, 2009 10:49pm
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#2334
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 17, 2009 6:58am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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here is an alternative to your ending diagonal 5 of wave 3.
I am looking at a possible Expanding triangle for the wave 4 of wave 3.
yellow 12345 seem fine as sub waves of higher degree wave 3. the following candlesticks are fitting into an expanded triangle quite well.
Nothing is really definite.
last daily CS has a long upper wick. however it is still green.
so we have 3 possible scenarios here.
1. which as proposed by surFXwave. am I correct to note that there are 2 possible scenarios on your chart?
2. because on my daily chart, there are 2 possible scenarios too. one deals with the possible ending diagonal wave 5 which I am not too inclined while the other one is a possible scenario for an expanding triangle as you can see the orange trendlines traced out.
If price falls off the lower orange trendline, then likely ..... the price is in a wave 3 of a wave 3 of wave 5.
But if the price finds support at the lower orange trendline, and breaks the blue trend line, then it is very likely we have an expanding triangle specially if the upper orange trendline is preserved.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=192814&stc=1&thumb=1&d=1232193468
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 8, 2009 6:58am
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 Scenarios for GBPUSD
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202430&stc=1&thumb=1&d=1234094253 http://www.forexfactory.com/attachment.php?attachmentid=202431&stc=1&thumb=1&d=1234094253 http://www.forexfactory.com/attachment.php?attachmentid=202432&stc=1&thumb=1&d=1234094271 http://www.forexfactory.com/attachment.php?attachmentid=202433&stc=1&thumb=1&d=1234094271
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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 #2340
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 9, 2009 1:18pm
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 Update
GBPUSD Chart Update
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202962&stc=1&thumb=1&d=1234203467 http://www.forexfactory.com/attachment.php?attachmentid=202963&stc=1&thumb=1&d=1234203484
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 9, 2009 1:59pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Additional GBPUSD Charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202988&stc=1&thumb=1&d=1234205974 http://www.forexfactory.com/attachment.php?attachmentid=202989&stc=1&thumb=1&d=1234205974
__________________
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 #2342
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 10, 2009 10:43am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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5min Chart AP Target was exceeded
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=203513&stc=1&thumb=1&d=1234280604
__________________
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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#2343
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 11, 2009 8:59am
sherif dabes
Member
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2 Posts
http://www.forexfactory.com/images/icons/icon1.gif Gold
Hi All
My Gold account
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#2344
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 11:48am
el grande
Latagaw FOREX_ EWA
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Potential Scenarios for GBPUSD
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211627&stc=1&thumb=1&d=1235839542 http://www.forexfactory.com/attachment.php?attachmentid=211628&stc=1&thumb=1&d=1235839542 http://www.forexfactory.com/attachment.php?attachmentid=211629&stc=1&thumb=1&d=1235839616 http://www.forexfactory.com/attachment.php?attachmentid=211630&stc=1&thumb=1&d=1235839616
http://www.forexfactory.com/attachment.php?attachmentid=211631&stc=1&thumb=1&d=1235839632
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 28, 2009 11:49am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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additional scenarios
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211634&stc=1&thumb=1&d=1235839754 http://www.forexfactory.com/attachment.php?attachmentid=211635&stc=1&thumb=1&d=1235839754 http://www.forexfactory.com/attachment.php?attachmentid=211636&stc=1&thumb=1&d=1235839776 http://www.forexfactory.com/attachment.php?attachmentid=211637&stc=1&thumb=1&d=1235839776
__________________
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 #2346
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 6:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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.....
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211692&stc=1&thumb=1&d=1235863974 http://www.forexfactory.com/attachment.php?attachmentid=211693&stc=1&thumb=1&d=1235863974
__________________
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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#2347
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 8:46pm
el grande
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Wave 4 Purple Alternative Scenario where wave 4 makes a Zigzag Corrective wave in a Channel.
That is if price does not breakout to the downside of that upward blue channel.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211724&stc=1&thumb=1&d=1235872056
__________________
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 1, 2009 9:29am
http://www.forexfactory.com/nfs/avatar92822_1.gifderek
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el grande, good variant
daily GBPUSD
http://fx-trade.ucoz.ru/wave/gd.gif
Mar 10, 2009 3:49am
Moiz
Member
Member Since Mar 2009
10 Posts
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Hello EG, sir
Is it possible that we are getting a double zigzag in the C wave of the X wave, as marked in the attachment. I will be extremely grateful if you please point out any errors in this attachment. This seems to be the only way I can understand the application of this project.
M
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216092&stc=1&thumb=1&d=1236671356
http://www.forexfactory.com/images/buttons/quote.gif #2357
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 4:03am
Rocroy
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I did not check all the details on your chart, but I agree, a double zz on my chart too. Well done. Quite difficult corrections going on now with euro and cable.
My estimate for the turning point (end of wave W) is 1.347.
R
Quote:
Originally Posted by Moiz http://www.forexfactory.com/images/buttons/viewpost.gif
Hello EG, sir
Is it possible that we are getting a double zigzag in the C wave of the X wave, as marked in the attachment. I will be extremely grateful if you please point out any errors in this attachment. This seems to be the only way I can understand the application of this project.
M
http://www.forexfactory.com/images/buttons/quote.gif
#2358
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 6:01am
Moiz
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10 Posts
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Thank you. That is encouraging for me. I am just a beginner in EW and would really love to learn it as much as i can.
Yes. If we go by the 1:1 rule of the three waves it does come to about 1.347. However, the possibility of getting an overall flat or an extended flat formation in the WXY cannot be ruled out just yet. If that transpires, we may even see a lower low than 1.35. I am just trying to see the various alternatives for now.
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#2359
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 5:10pm
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 Cable Outlook
5 waves down of 4Bc for Cable on hourly chart near Completion?
Series of charts shows previous projections and how price unfolded.
These are now followed with various ways of projecting potential end of wave c of this b wave in a flat wave 4.
Moiz and Rocroy, You may be referring to the move from 1.4986 down to where price is heading to now as the double zigzag.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216537&stc=1&thumb=1&d=1236719334 http://www.forexfactory.com/attachment.php?attachmentid=216538&stc=1&thumb=1&d=1236719334 http://www.forexfactory.com/attachment.php?attachmentid=216539&stc=1&thumb=1&d=1236719356 http://www.forexfactory.com/attachment.php?attachmentid=216540&stc=1&thumb=1&d=1236719356
http://www.forexfactory.com/attachment.php?attachmentid=216541&stc=1&thumb=1&d=1236719383 http://www.forexfactory.com/attachment.php?attachmentid=216542&stc=1&thumb=1&d=1236719383
__________________
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 10, 2009 5:13pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Closer view.....
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216544&stc=1&thumb=1&d=1236719540 http://www.forexfactory.com/attachment.php?attachmentid=216545&stc=1&thumb=1&d=1236719540 http://www.forexfactory.com/attachment.php?attachmentid=216546&stc=1&thumb=1&d=1236719579 http://www.forexfactory.com/attachment.php?attachmentid=216547&stc=1&thumb=1&d=1236719579
__________________
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 #2361
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 5:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by Moiz http://www.forexfactory.com/images/buttons/viewpost.gif
Thank you. That is encouraging for me. I am just a beginner in EW and would really love to learn it as much as i can.
Yes. If we go by the 1:1 rule of the three waves it does come to about 1.347. However, the possibility of getting an overall flat or an extended flat formation in the WXY cannot be ruled out just yet. If that transpires, we may even see a lower low than 1.35. I am just trying to see the various alternatives for now.
Moiz...
You are on the right track. Rocroy, thanks for covering for me.
As you can see on the series of charts that have just been posted, which were initially drawn from last week, the potential for the double zigzag , the flat and the extended flat limits were set.
The double zigzag for the b wave from 1.4986 was supposed to end at 1.3770 which is the 1st blue horizontal line on the chart below. This is considering Price and Time.
But as it turned out, this was exceeded as price went lower. Here, the premse was c = a. since this has been exceeded we now move to c = 1.618 ( a ). Just as a guideline.
Moving up a scale or degree, we then see that this supposed wave 4 has finished wave A and is developing the supposed doublw zigzag wave B.
W now look at this as wave B retraceing wave A.
> 61.8% then this could be a FLAT
> 100% up to 132.8% then it is an extended flat.
the arrow below that 132.8% level indicates that the supposition that this was a potential extended flat wave 4 was wrong and that price will continue to go down.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216556&stc=1&thumb=1&d=1236720819 http://www.forexfactory.com/attachment.php?attachmentid=216558&stc=1&thumb=1&d=1236720980
__________________
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 11, 2009 6:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Potential for Cable if this does move up for our wave C of Bigger wave 4:
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216874&stc=1&thumb=1&d=1236767407
__________________
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 #2368
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 11, 2009 6:44am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Levels that coincide:
Based on Price retracement this potential wave 4 seems to be a FLAT as it has retraced more than 61.8% of wave A.
If wave B is finished, then Projection levels for wave C would be as follows:
1.
C = A
C = A (1.618)
C = A (0.618)
2. Wave 4 as retracement of wave 3 from Wave 2
31.8% Wave 3
50.0% Wave 3
61.8% Wave 3
3. Based on retracement value of wave 2 from wave 1
Since wave 2 retraced wave 1 by 61.8%
Wave 4 then would potentially retrace wave 3 by 38.2%
4. Usually wave 4 develops inside a channel. that is why I drew those 2 channels on my chart.
Having these guidelines, I would say that Potentially wave C would be 1.618% of wave A and this coincides with the 31.8% retracement of Wave 3.
Happy Harvest Everyone
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216883&stc=1&thumb=1&d=1236768237
__________________
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 12, 2009 2:42pm
pipeye
Member
Member Since Dec 2007
149 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Yes. Technically, I would understand what you mean and what you are referring to http://www.forexfactory.com/images/smilies/yim/happy.gif
Many would not.....http://www.forexfactory.com/images/smilies/yim/happy.gif)
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
In chart form, this is what I am seeing. Looking for a retrace to the 38.2, if it gets there?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=217804&stc=1&thumb=1&d=1236883344
Mar 15, 2009 5:26am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Radical Cable View
There seems to be more room going down for Cable.
The 1 hour chart would indicate that a wave 4 of wave 3 down seems to have finished and the wave 5 down will or has started.
This you will notice is a radical change ( at least that is how I see it ) from my previous wave counts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218733&stc=1&thumb=1&d=1237109163 http://www.forexfactory.com/attachment.php?attachmentid=218737&stc=1&thumb=1&d=1237111760 http://www.forexfactory.com/attachment.php?attachmentid=218738&stc=1&thumb=1&d=1237111760 http://www.forexfactory.com/attachment.php?attachmentid=218739&stc=1&thumb=1&d=1237111781
http://www.forexfactory.com/attachment.php?attachmentid=218740&stc=1&thumb=1&d=1237111781
__________________
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 15, 2009 6:09am
Mar 15, 2009 6:13am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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modified 1hr chart
plus other idea.
It is very possible with this current count that wave 4 seems to lack a wave 5 up before it comes down for the wave 5 of a bigger wave 3 down.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218741&stc=1&thumb=1&d=1237111989 http://www.forexfactory.com/attachment.php?attachmentid=218743&stc=1&thumb=1&d=1237113476
__________________
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 15, 2009 6:38am
http://www.forexfactory.com/images/buttons/quote.gif #2407
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 7:45am
adexadams
Member
Member Since Aug 2007
6 Posts
http://www.forexfactory.com/images/icons/icon1.gif real wave count on gu,eu,u/chf
that is simple wave count on 1h chart g/u and u/chf update is comming out soon.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218755&stc=1&thumb=1&d=1237116634 http://www.forexfactory.com/attachment.php?attachmentid=218761&stc=1&thumb=1&d=1237117303
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#2408
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 8:16am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by adexadams http://www.forexfactory.com/images/buttons/viewpost.gif
that is simple wave count on 1h chart g/u and u/chf update is comming out soon.
Is it Hanah or is it Ramon?
Anyway, Glad to see an alternative count on this thread.
By the way, How REAL is REAL?
It only becomes REAL when it matches the FACT. That means the wave count is proven correct by your chart and by the market.
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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#2409
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 12:22pm
adexadams
Member
Member Since Aug 2007
6 Posts
http://www.forexfactory.com/images/icons/icon1.gif gu wave count on 4h tf
let use check this out wave count on 4h time frame
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218834&stc=1&thumb=1&d=1237134035
http://www.forexfactory.com/images/buttons/quote.gif
#2410
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 2:29pm
http://www.forexfactory.com/nfs/avatar54182_2.gifBlue bottle
Senior Member
Member Since Nov 2007
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Radical Cable View
There seems to be more room going down for Cable.
The 1 hour chart would indicate that a wave 4 of wave 3 down seems to have finished and the wave 5 down will or has started.
This you will notice is a radical change ( at least that is how I see it ) from my previous wave counts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hi EG,
Hope you don't mind i posting my cable chart here.
My count is slightly different from yours. Pls comment.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218876&stc=1&thumb=1&d=1237141763
__________________
Elliott Wave Analysis - http://5waves.blogspot.com
Mar 16, 2009 12:06pm
Moiz
Member
Member Since Mar 2009
10 Posts
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Attached is the 30 minute on gbp/usd. If the marking is correct, we should expect the 5th of the third coming up soon. EG sir, your comments would help me learn.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=219289&stc=1&thumb=1&d=1237219554
Mar 18, 2009 8:41am
pipeye
Member
Member Since Dec 2007
149 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable
Here is my current view of Cable. -- Wave 2 could also be complete at 1.3841(61.8% fib) --
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=220212&stc=1&thumb=1&d=1237380092
http://www.forexfactory.com/images/buttons/quote.gif
#2433
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 23, 2009 1:48am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Euro n Sterling
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=222253&stc=1&thumb=1&d=1237787319 http://www.forexfactory.com/attachment.php?attachmentid=222254&stc=1&thumb=1&d=1237787319
__________________
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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#2434
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:38pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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deferring the Radical wave count on Cable and going back to former count.
Below are the potential scenarios to watch out for.
Note that fib retracement tool and fib extention tools were used inconjunction with the EW Guidelines.
Each chart in a separate post to separate the different timeframe charts for possible addition of comments later.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Looking at the Daily Chart TF, we can see that proposed B wave of 4 has retraced wave 4A by more than 76.4%. So this is more than the 61.8% limit for a Zigzag correction.
This brings as to assume for the moment that if this is a wave 4, then the correction is probably a corrective FLAT or a possible triangle or a complex corrective wave. wave 2 was a running FLAT so by guideline of alternation. this should be a zigzag , a triangle or a complex correction.
by the looks of the development that we have on this pair now.it would seem that we have to cancel the zigzag scenario "for the meantime" as the current structure eliminates that potential.
So I will treat this still as a possible FLAT but for now it will be considered as a FLAT wave "a" in a wave 4.
Which brings me to further assume that this correction will be expanding sideways and will take a longer period of time to finish.
You will see that with the use of the fib extention tool, possible target for C is @ FE 100.0 Magenta on the right side of the chart.
Your potential levels are
FE 61.8
FE 100.0
FE 161.8
Then refer to the retracement of wave 2. See the Dark orange retracement tool.
Wave 4 usually retraces wave 3 by 38.2% up to 61.8%
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224328&stc=1&thumb=1&d=1238107084
__________________
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, 2009 7:04pm
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#2435
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:39pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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4hour
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224329&stc=1&thumb=1&d=1238107156
__________________
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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#2436
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:40pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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1hr
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224330&stc=1&thumb=1&d=1238107212
__________________
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 26, 2009 6:42pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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30min
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224331&stc=1&thumb=1&d=1238107318
__________________
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 #2438
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:43pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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15min
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224333&stc=1&thumb=1&d=1238107393
__________________
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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#2439
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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5min
Careful with that limit at around 1.4475 range as that overlaps with wave 1 which could invalidate the wave count on this time frame. or even the ones pn the higher timeframe
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224334&stc=1&thumb=1&d=1238107502
__________________
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, 2009 7:16pm
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#2440
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 8:32pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
5min
Careful with that limit at around 1.4475 range as that overlaps with wave 1 which could invalidate the wave count on this time frame. or even the ones pn the higher timeframe
Past the 61.8% retrace for wave iv and has overlap with wave i.
This Trade is at high risk status now.
wave v may have been truncated.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224360&stc=1&thumb=1&d=1238114187
__________________
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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#2441
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 9:32pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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SHORT SLs at 1.4475-85 were all captured.
Daily Stochastics has turned back into the trading Zone from being Overbought
4hr though is still at oversold level. it may stay there for the meantime as price is in a C or 3 wave down.
Now that the daily stoch is back into the trading zone, would this not signal a much bigger scale of down movement for this pair?
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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#2442
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2009 6:28am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Past the 61.8% retrace for wave iv and has overlap with wave i.
This Trade is at high risk status now.
wave v may have been truncated.
This did not develop as I initially expected as a motive wave.
The overlapping of waves seemed to have developed into an ending diagonal triangle with a throw under after price breached thru the weekly pivot.
Happy trading everyone.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224571&stc=1&thumb=1&d=1238149655 http://www.forexfactory.com/attachment.php?attachmentid=224572&stc=1&thumb=1&d=1238149655 http://www.forexfactory.com/attachment.php?attachmentid=224573&stc=1&thumb=1&d=1238149681 http://www.forexfactory.com/attachment.php?attachmentid=224574&stc=1&thumb=1&d=1238149681
__________________
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 28, 2009 4:56pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_Monthly
Charts are posted to provide potential ideas of price direction. Validate with other strategies to increase chances of trading in the high probability direction.
Happy Harvest to All
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Former count (forecast) as posted before in early March. But with some modifications.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225144&stc=1&thumb=1&d=1238273722 http://www.forexfactory.com/attachment.php?attachmentid=225145&stc=1&thumb=1&d=1238273722 http://www.forexfactory.com/attachment.php?attachmentid=225146&stc=1&thumb=1&d=1238273742 http://www.forexfactory.com/attachment.php?attachmentid=225147&stc=1&thumb=1&d=1238273742
__________________
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 #2444
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2009 4:58pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_Weekly
Weekly
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225148&stc=1&thumb=1&d=1238273871 http://www.forexfactory.com/attachment.php?attachmentid=225149&stc=1&thumb=1&d=1238273871 http://www.forexfactory.com/attachment.php?attachmentid=225150&stc=1&thumb=1&d=1238273899
__________________
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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#2445
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2009 5:00pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Daily
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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