Audusd More Bearish Than First Thought...
AudUsd looks like it has completed what appears to be a wave 4 on the long term cycle. I am actually surprised that I didn't see Jaime out here with this count first. I believe what Jaime has labelled as an ABC correction from the 2001 low is actually not an ABC, but is a huge wave "C" that completed an expanded flat correction, in a wave 4 that has been playing out for years. In my opinion. This chart is now due for a sizeable wave 5 move down that will eventually take us beyond the low at .4814 ..... Now that's some money !
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10781&stc=1&d=1200846628 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10782&stc=1&d=1200846654
Here's what I'm looking at In NZDUSD msmak56 .....Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10785&stc=1&d=1200853689 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10786&stc=1&d=1200853700 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10787&stc=1&d=1200853713
Forex Market Topped ?
A few counts I have looked at on long term time frames lately have me expecting a Phsycological wave 5 decline in atleast two forex markets right now (USD/JPY and AUD/USD) Question now is... How many of them will fall ? It's one crowd and one phsycology that drives all markets.... Knowing that we are at a long term wave 4 Phscological extreme has me thinking of a fall in more then just those two markets I mentioned. Wouldn't it catch a lot of people of gaurd if the pound rolled right over into a huge wave 5 decline... Talk about a risk environment !!! I think there are some major trend reversals taking place in the market in general right now.... Play your trades safe !
This is just a possibility for GBPUSD... NOT CAST IN STONE ..... But deffinately worth considering even if it's not a spot on count. It's the phsycological crowd driving the market.. We can deffinately see everyone is feeling pretty bearish...
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10788&stc=1&d=1200859500
gbpjpy going over a cliff ???
This is quite interesting..... Will be very interesting to see price break the lower trend line too ... Looks we're going down in a large wave 5 here too http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif .. .. . .. . . http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10791&stc=1&d=1200887239
Usd Cad
hi guys,,,
can this be a correct counting ??
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10794&stc=1&d=1200899533 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10795&stc=1&d=1200899539
Gbp/Usd
Hey there Good Lookin' ............http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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http://i32.tinypic.com/28vboxz.jpg
Eur/Usd
Here is a look at what could be occurring ....http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Only a Probability ! .................... Not Cast in Stone !
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Eur/Usd
Here is a look at The Eur/Usd ( Mid-Term ) .............http://www.learncurrencytrading.com/fxforum/images/smilies/eek.gif !
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Usd/Yen
Here is another look the Yen -
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Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10811&stc=1&d=1200930552
Eur/gbp Hi guys,
I am short from 0.743660 to take wave c down to finish wave and then I might consider going long to take wave up when EUR buyers start to emerge,,,
any comments ??
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10815&stc=1&d=1200959754
Good morning...
closed the short at 4540 and opened long at 4537 and 4511
I'm waiting 5 up or 2 of CAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10803&stc=1&d=1200911066
Usd/cad
I'm seeing this latest action as a series of 3s, possibly pointing toward a correction lower. I still favour this pair higher, and would not be selling these levels (in case I'm wrong about the pull back). However, a move through the lower line support should open up a short term trade (short USD/CAD) for a target of the 1.0140 area. Either way, I'd be a buyer again at 1.0150ish if we DO see the downside. Comments welcome.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10806&stc=1&d=1200929029
eurjpy
EURJPY has crossed the trendline again... Do we get a downside breakout this time ? Or is it going to reverse up again ?? Careful ....
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10814&stc=1&d=1200959072
hii all what happen here...too silent okay,this is my view friends for eurousd
i think it is important situation for euro now make a wave 2 for breash or bulish......okay lets market says .... break out trade is more safe now
happy trading
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10816&stc=1&d=1201004441
Thanks Jamie,
i think the best point will end wave b is around the wave 2 of wave 5(because wave 5 is extension) and maybe wave c is equal of 1.618 wave a to 1.4845
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10817&stc=1&d=1201013971
Eurjpy
EURJPY.
Jamie,
Do you think that the correction is complete now ? Also do you think that EURJPY is still giving a good guidance as far as where the stock market is heading ?
Thanks.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10819&stc=1&d=1201022626
Could also be a 1,2 i,ii down at which point, this would be the perfect place to sell. But I need more info before jumping to that conclusion. I break above 1.47 is vital information before deciding on a valid wave count. My bearish count still stand until proven wrong.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10825&stc=1&d=1201026312
Euro/////
Both Targets Reached ! .......http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Gbp/Usd
Ok , here's the new wave-count ................http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Watch the green lines for resistance levels
After all this crap about the 3/4 point interest rate cut
how could that really stop a recession ?
it's an election year , this should be enough ........
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See 2 charts posted below
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Usd/Cad
Here is the Canadian Dollar ......http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
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Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10835&stc=1&d=1201029891
EUR/USD alternative
Hi Jamie,
here is my alternative wave count that includes a truncated fifth wave. My question is that for the count to be valid, does wave A need to go below wave 4.
Thanks.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10820&stc=1&d=1201023047
Look for a rally into the .7514/37 zone to complete wave B of 4 before a deeper decline.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10827&stc=1&d=1201028999