Usd/cad
Still overall long, nice risk/reward trade here around 1.0260/70 for at least a retest of highs)....stop at 1.0235 eliminates this latest short term count.
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eurusd
Picolo,
I agree with you. infact you have my exact count spot on. I have gone ahead to give my expectation that the wave 2 may likely end near 1.4500 which is a psychological number and coincides with the 0.618 retracement from the low of 1.4310.
chuks
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Trading Does Take Patience Friend ! Each Trading Style Also Differs... I find a lot of traders are looking for exact numbers when trading... We are not looking for exact numbers, We are looking for areas of support. We can only react to what the market shows us... My personal approach to this set up will be to look for support to be held and rollover without crossing the trendline, and only then will I short it.. With a stop above the trendline... I have metioned previously that I am looking for a bottom around the 1.9200 handle. If the short position plays out... I will be targeting 1.9200.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10730&stc=1&d=1200615373
Five Waves Up In Swissie
Found a nice treat in the swissie http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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USDCAD Playing Out As Expected
I posted previously looking for an expanded flat in USDCAD.... So far price seems to be playing out as expected http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Eurusd 3-3-5 To Possibly Bear In Mind - Bullish
Eurusd Possible Bullish Signal For 1.5160
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Eurchf
your comments guys http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
60 Min. EUR/CHF
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Eurchf
Daily EURCHF
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Update on Kiwi
It looks as though Kiwi is indeed headed lower in wave three. The 100% Extension is at 0.7491 and the 161.8% is at 0.7292. Those are my targets.
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Daily NZD/USD
Here's a chart of the Kiwi. Price may be ready to push lower through a trend line that began back in October. Hopefully there will be a lot of stops on the other side of that line that will cause the decline to accelerate. ~Happy Trading.
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Heres the current count Im working with on the USD/Jpy. We need a move above 108 to confirm this count. If this count is correct, Im looking for a move back to 110.5 or above where I will be looking for another short position. Keep in mind, although Im hoping for this count, a new low would mean all bets are off and this count would obviously be invalidated.
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I suggest you keep an eye on the Aussie. I believe wave 3 down as begun. This could mean a much lower weekly close in Gold as well.
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Hey Ben,
My longterm count is the same as your as for the Kiwi. (the chart you posted on post 2852.) The decent downward has begun in my opinion as well. Heres my shorter term count. Keep up the good work.
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Is wave 4 over? It could be in the form of an expanded flat....price did bounce from the confluence of the 38.2 of 3 / former support near .7420Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10747&stc=1&d=1200665750
Cable..... what do you guys think ? I still favour the upside move next week in wave c of (iv) http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
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Humblepie
I am not sure of your time horizon but the USDJPY is probably in a very strong downtrend that I think will reach and break 100. Sure, one could say that the JPY itself is overbought near term and therefore that a USDJPY bounce is required before the next leg down but the next BIG move is still down in my opinion. From a EW perspective, the decline right now is in wave 3 of 3....very strong and fading a 3 is dangerous.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10756&stc=1&d=1200682242
Jimbo, I am questioning whether or not a larger rally is underway now. If the count was as bullish as I previously thought, then the pair should have been near 1.9800 by now. Without looking at anything else, the rally from 1.9481 is obviously in 3 waves and the decline (what I have circled) looks impulsive. Even if an expanded flat is unfolding, it is difficult to trade because risk is not well defined.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10757&stc=1&d=1200682666
Eur/usd
Hi,
this is my count....wave 4 of C of big 4 under construction as abc or abcde..
target wave 5 .... 4540 area....
Welcome your comments....
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Hi all i said before ,i have another weekly count here for euro,please guide me to correct it or reject it for ever...
thanks
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Hi MAKO232
i have a count here ,at present, i have this but all thing deponds on next week rally... maybe should change even my weekly count as u see.......
have a nice weekend
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Hey guys,
Well, looks like many pairs are going through major reversals here. We elliticians know the reasoning for this lies in a major shift in investor psychology. The shift being whatever worked before, is not working anymore. It's that simple. Down means up and up means down. Long term positions are being stopped out, and its time for a new strategy. That strategy means cash. The Euro and Gold will by far be the biggest shock which means the fall should be violent at least initially.
I don't think you want to miss wave 3 down. Short term, we may get a spike up to start the week in Euro...then again, that spike may not come as C of 2 may take the form of a running flat...but the next fall should bring us near 1.4000 before a pause which is where the 200 day moving average lies. Thats over 600 pips away. Id find a place to short if not already short and enjoy the ride down. Gold should be just as violent. Always keep the big picture in mind before getting into and out of a trade. If you don't already have one, you could borrow this one. Remember where 161.8% of wave A line has not been breeched and that should be where B wave has ended which I have advocated all this time, even though we went down in 3 waves since that line hit.The rise since should be a truncation. This is the count Im working with. By the time wave C down is all said and done, we should be back down near wave A, if not a bit below it. The end of C is not important. What is important once C is over as that you make sure you have as much Gold as possible cause this should be the last Harah of the USD!
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Here is my alternate count but as you can tell, this is even more bearish that the latter. As I mentioned before, weather this next fall is a last C wave or an abc wave 2 is not important. What is vital is when this thing ends. That will make or break your future.
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In the Middle of a wave 3 down???
Any thoughts??
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Nzd/usd
my counting on this pair http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
comments are more than welcome
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