一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd

Jan 15, 2008 1:26am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GBPUSD and EURUSD Possibly an Expanded flat wave 2 for the GBPUSD on the 15min chart And possibly with the EURUSD too on the 15min chart EG Attached Thumbnails       __________________ 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 15, 2008 1:37am Reason: additional chart

#1579    Jan 15, 2008 2:04am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD wave 5 Projections based on wave 1 EURUSD wave 5 Projections based on wave 1 EG Attached Thumbnails          __________________ 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

hefeiddd

Jan 15, 2008 5:59am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Charts EURUSD Charts Attached Thumbnails            __________________ 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

#1582    Jan 15, 2008 6:24pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD EURUSD topping at 1.4921 last night then tumbling down to 1.4775 now...... tht was a huge fall. This was the scenario I found on my chart when I got up this morning after I left my trade running last night during the US session. Trade running was the trade entered the previous day which got dragged down right after I entered it and saw it recover and turn slightly positive during the News last night. Then I left it to RUN only to find it back and in a deeper pit right now. It was very tempting to add on to my position last night and re-enter my GBPUSD Long after the news as that looked very encouraging to my GBPUSD and EURUSD Long trades. But I held back trying to practice self control.... and that did it. I was able to sleep and not have to watch my trades. now... 4hr chart for EURUSD attached shows several Support lines in Magenta and the final one is Yellow. EW count would show that wave 3 looks like it has already been achieved @ 1.4921. This fall may be considered as corrective wave 4. Although it has already overlapped with wave 1 and 2, it may still be viable as wave 4 if what is developing is an ending diagonal wave 5 to follow wave 4 of this decline. Another alternative count is to consider tha finished 123 as an abc instead for the wave B of bigger wave 4 in a FLAT corrective wave in the Daily chart. And EURUSD may be headed back to 1.4309 or lower. Right now I am still holding my long trade from 1.4903 EG Attached Thumbnails       __________________ 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 15, 2008 6:36pm

#1583    Jan 15, 2008 6:31pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Alternative Count on Daily This alternative count could see EURUSD in a further sideways expanding corrective wave on the Daily. which could bring it back to 1.4309 or lower like 1.4235 1.3985 1.3840 1.3581 See attached chart for this alternative scenario. EG Attached Thumbnails    __________________ 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

#1584    Jan 15, 2008 6:46pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD or could this wave 4 corrective wave for an ending diagonal wave 5 of a higher degree be over? EG Attached Thumbnails    __________________ 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

hefeiddd

Jan 15, 2008 6:57pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Bulls could be Back Looking at this 30min chart having: double bottom at 1.4774 Zigzag 3 wave structure A breach/piercing @ 1.4850 could indicate some more upward move. But a break ( which is a candle opening and closing above that would find greater probability of Bulls being back for this pair. However, a pierce or a break @ 1.4774 could signal more trouble for the bulls as this would mean a 5 wave decline has has been seen and we could see a 3 wave pu;;;back Up then it would be followed by a much larger fall for a wave C or a wave 3. EG Attached Thumbnails    __________________ 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

#1586    Jan 15, 2008 7:48pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Here is something I picked up from the Trading room where LTC has his EW Thread. I did not realize this set up till he brought it up there. So aside from my alternative counts which are now dwarfed by what he proposed, This EURUSD fall from last night could actually be wave 2 inside a bigger wave 3. My retrace levels are at 50% @ 1.4780 61.8% @ 1.4727 76.4% @ 1.4706 100% @ 1.4638 1.4638 is the maximum that wave 2 can retrace wave 1 so SL will be set @ 1.4637 or right below that Big wave 2. Thank you Tim for sharing. EG Attached Thumbnails    __________________ 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

#1587    Jan 15, 2008 7:56pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

wave 32 (wave 5 end of C) Potential levels are ticked on the chart: 261.8% @ 1.4761 300.0% @ 1.4750 425.0% @ 1.4713 EG Attached Thumbnails    __________________ 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

#1588    Jan 15, 2008 9:55pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

charts Attached Thumbnails       __________________ 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

#1589    Jan 15, 2008 10:58pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD EURUSD continues to recover from that fall from 1.4921 Taking the wave 2 inside a big wave 3 direction: - 1st I considered this first leg going up as the wave 4. However it has now overlapped with my wave 1. But looking at the internal structure, price @ 1.4850 has probably topped a wave c inside wave 4 or a wave 3 for the pair to move on with recovery. Currently 1.4851 is the is the FE 161.8 of A so it still fits into a wave C theory. Up till FE 176.8 @ 1.4856 for me is ok. Although this wave 4 has already overlapped with wave 1, which is possible still for me if I expect an ending diagonal triangle to form as wave C. But should this be a 123 instead of an abc, then a wave 4 pullback would be a good entry point for me to add to my Long trade. Attached Thumbnails       __________________ 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

hefeiddd

Jan 15, 2008 11:26pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD wave 2 was a Corretive FLAT. expecting wave 4 to be a zigzag or a triangle based on the rule of altrernation. EG Attached Thumbnails    __________________ 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

#1592    Jan 16, 2008 1:32am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD watch the symmetrical triangle form with its 33333 5-wave structure. wave 5 up on this 5min chart is potentially the height of the triangle positioned where the breakout is expected. possible wave 5 end is at 1.4876. Then a wave 2 retrace is expected in this time frame which I would look forward to towards 1.4813 / 25. EG Attached Thumbnails    __________________ 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

#1593    Jan 16, 2008 1:54am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD wow I was faked there... I was looking at for the completion of a triangle which looked perfect then thought it was just a throwunder then now it looks like the Zigzag option which is still valid for the zigzag to play out, maximum is at 1.814/10 which is FE 161.8 - 176.8 I exited my short trade at a loss while at the bottom of the triangle for what was supposed to be the last leg of the 5 wave structure. Entry for LONG should have been at the breakout to the upside of the triangle. But since this is a zigzag now, it is now I believe a good time to enter a Long trade on EURUSD. SL 1 pip below origin of wave 1 ( 1.4774) which is @ 1.4773 EG Attached Thumbnails    __________________ 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 17, 2008 12:01am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Here is the Medium to Longer Term View on EURUSD. Price has breeched a lot of the supports to maintain potential counts that where Bullish. Right now, this count on the Daily is the only 1 remaining in my options. Note that there are 3 ticked levels which I use as standard targets when using the FIB Extention tool. I am not planning to enter any trades on EURUSD yet. I will most probably wait for the next BULL trend before entering. EG Attached Thumbnails    __________________ 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

#1604    Jan 17, 2008 12:04am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Here are the Alternatives: I EG Attached Thumbnails    __________________ 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

#1605    Jan 17, 2008 12:38am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Attached is a wave count Potential for the Wave C 1st level ( abc projection/extention ) which looks like it would end at an FE 61.8 coinciding with an internal projection within wave C using w012 and coming up with wave 5 at FE 261.8 and FE 300.0. Although this may not really fit into a triangle situation. if it does make that 5 wave move down, then it could just be leg A and expect a retrace Up for X then another leg down for C towards FE 100 or FE 161.8 Fort the Triangle to pan out, there was to be 5 waves all having a 3 wave structure (33333 - overall structure) EG Attached Thumbnails    __________________ 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

hefeiddd

Jan 19, 2008 11:27pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Quote: Originally Posted by LadyofMusic1 I just found your forum today. But as I have been examining the EUR/USD count on my own this week, I saw the double top we had (which did not make a new high) as a big sign that we were not going up in the short term. I think your ABC scenario makes sense with what the chart is showing. Let's see how it pans out. Welcome to the thread LadyofMusic1. You are encouraged to post and share your charts here whenever you want. For the EURUSD, You can see that there are several options for the continued expansion of wave 4 on the hourly charts up to the weekly charts. The first is the possibility of having a wave 4 triangle in the form of a 33333 structure where at least 2 legs now form part of that triangle and the 3rd one looks like still in the b wave inside the C wave. Wave a leg of the wave C down seems to have completed the 5 waves down to 1.4602 and has expanded sideways on the 1 hr chart. It is most likely that price will go down towards 1.4422 which is the Magenta lower side of the triangle you see on the 4hr and Daily Chart. But a break of that lower side could lead to the formation of a Corrective FLAT or if lower still, could result in a zigzag. EG Attached Thumbnails            __________________ 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

hefeiddd

Jan 20, 2008 5:04pm

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

Will we see a rally on Monday? Attached Thumbnails    __________________ 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...

Jan 21, 2008 12:25am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Corrective Wave Patterns_Summarized Form Part 1 Based on Figures gathered from Elliott Wave International reference material. Attached is a summarized form of corrective wave patterns. There are still some variations specially on the complex side. But I will try to gather some more so I can post them here. The summary below can be sued as a reference in my assessment of the EURUSD potential direction. As you can see in my Daily and 4hour charts even from Last Friday yet before that plunge, Price assessment was considered to be in the downward direction and there were 4 suggested potential patterns. Basically, we had a 3wave structure for the 1st leg A from 1.4966 down to 1.4309. So if you look @ the possible options for a cortrective wave , we cannot have the basic zigzag because the wave A leg should be in 5 waves and this is only 3 waves. So the next option is the Flat or the triangle. But technically we can not have the flat because wave 2 was already a flat . Then that leaves us with the triangle option which as you will see would fit into the the pattern that has 3 waves for the wave "a" then now we see 3 waves up for the wave "b". As for the succeeding waves which should all be in 3 wave structures also, we will have to see 3 more ( waves c d and e ) then a breakout from the triangle. In my Daily and 4hour chart , first you will see the Running Flat. I expected that first just incase price forms a 3 wave structure down from 1.4921 down to somewhere around 1.4561 which was the FE 200.00 from 1.4921 then bounce to go higher than 1.4921. That would have been a running FLAT. However, Price has continued to form and finish 5 waves down to 1.4589 then retraced and expanded sideways which could now form wave C down after it finished the waves A and B. Which is why I am nect looking at price bouncing off either of those 2 magenta trendlines which were constructed using Low points on the left side of the chart. FE 300.00 @ 1.4413 falls near the level of 1 of the magenta trendlines for the triangle. If high of 1.4714 is considered as the end of an X wave and if I see 5 waves are formed going down towards FE 300.0 @ 1.4413 and bouncing off that magenta trendline, then next to look for are 2 more legs which 1st would bounce up to the upper side of the visualized triangle then another bounce backdown to the lower nagenta line to complete what is possibly the 5 legs of the triangle. I would trade a breakout at the top side of the triangle for my Long trade. However, if price from 1.4714 continues to go down and breaksout to the downside of 1.4413 , it is more likely that a triangle is off the table and a more complex corrective wave may be forming or even a bigger zigzag wave which could see price going towards 1.4267 or even lower towards 1.3862 or even 1.3208 based on the FIB Projection using the relationship of wave C to wave A. EG A Flat will most likely not be seen because of the Rule of Alternation Attached Thumbnails    __________________ 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 21, 2008 4:11am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Looking/Waiting for the C leg of the Triangle Moved initial TP down to 1.4430 EG Attached Thumbnails    __________________ 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

#1627    Jan 21, 2008 12:31pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD to finish a sub wave 5 of wave c within a bigger wave C, price needs to dip some more towards the lower edge of the proposed triangle. if a bounce occurs, it could be wave D. but if a breakout occurs and not just a breech, then price may continue to go down to fullfil a FLAT or a more complex wave 4 EG Attached Thumbnails    __________________ 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

#1628    Jan 22, 2008 3:45am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD No clear breakout yet from the Triangle set up. EG Attached Thumbnails    __________________ 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

#1629    Jan 22, 2008 5:15am

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

trying to make sense of all the nonsense Attached Thumbnails    __________________ 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...

hefeiddd

Jan 22, 2008 6:44am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Price has moved back UP above the median line of the Andrew's Pitchfork on the Daily Chart. Lower side of the proposed triangle was breeched. However no breakout was seen on the Daily and the 4 hour chart yet. Just had it breeched. a new 4 hour candle has opened above the median line. If it closes above the median line, chances are higher that this will continue upwards with some retraces a long the way towards the upper side of the proposed triangle. Looking forward to a 3 wave structure towards the upper side of this triangle. If price goes higher than Low of Green A 1.4589, then this is a second confirmation that we are more likely to get that 3 wave up. EG Attached Thumbnails          __________________ 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 22, 2008 7:00am

#1631    Jan 22, 2008 7:11pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Could be a sideways retracement for now to pan out a 3 wave structure goung up to the upper side of the Triangle of EURUSD. EG Attached Thumbnails            __________________ 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

hefeiddd

Jan 22, 2008 7:39pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GOLD for those interested in GOLD, This commodity has caught my attention since December of 2007 when it was developing the Triangle wave 4. This is how I would watch it . EG Attached Thumbnails                __________________ 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

#1633    Jan 22, 2008 8:02pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD wave 3 and 4 RED of Wave C green wave count were revised. wave 2 green rertaced 38.2 wave 4 retraced 23.6 new wave 2 or b BLUE may retrace 38.2 50 61.8 looking for a 3 wave structure pullback or retrace from 1.4683 towards 1.4365 EG Attached Thumbnails    __________________ 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

#1634    Jan 23, 2008 1:20am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD 2 opposite Potential Directions for EURUSD EG Attached Thumbnails       __________________ 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

#1635    Jan 23, 2008 4:26am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD EURUSD seemed to have taken the path for a 5 wave structured wave A Green A5. Followed by a Zigzag wave B. Note on the far right side Green FIB Extention Tool that Price pierced the FE 100.0 Level @ 1.4577 Note also the Purple FIB Retracement tool on the FAR Right where we see that Zigzag Wave B has made a 35% retracement of wave A. Now... technically, wave B is supposed to retrace wave A by at least 50%. However, I do not think this is a hard fast rule. Specially because a C=A has been achieved within a 23.6-38.2% retracement. A little help was drawn from Stochastics and ADX on the 5min , 15 min and 30min charts. So I favor more the Upward move of Price for now to complete the wave D up to the upper side of the wave 4 Triangle on the Daily Chart. UNLESS... Price going higher than previous high on the zigzag component @ 1.4645 will increase chances of going up while Price going lower than 1.4575 which was the end of the Zigzag wave B will indicate that previously thought of as wave B was actually sub wave 1 of a sub wave c of wave B EG PS. I have scalped the wave B Leg for 12 and 24 pips earlier. But am now out of the trade. Looking at how this will develop. Preferring to enter a Short trade from the top unless a good opportunity to place a Long Trade to 1.4850 arises. Attached Thumbnails       __________________ 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

hefeiddd

Jan 23, 2008 5:00am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Still not in a trade. Price has breeched and broken out to the downside of 1.4575. So scenario will now be a continuing development of wave b to the down side. This means a sub wave c from 1.4645 going down to either of the following levels: FIB Extention tool FE 100.0 Attained FE 161.8 @ 1.4532 FE 261.6 @ 1.4461 This should be the maximum projection which is said to be rare for the C relationship with A on a Zigzag FIB Retracement Tool 38.2% @ 1.4562 has been attained 50% @ 1.4525 minimum supposed to be for a wave B 61.8% @ 1.4487 78.6% @ apprtoximately 1.4434 maximum for wave B to retrace wave A 78.6% retrace is a level way beyond the maximum allowed for a Rare Zigzag C relationship with A I will look for an opportunity to trade Long on this pair once 50-61.8% retrace is attained. Will look at stochastics, adx and trendlines within each TF to determine potential entry for a LONG Trade. EG Attached Thumbnails    __________________ 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

#1637    Jan 23, 2008 5:59am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Potential for an Ending Diagonal wave c to end wave B EG Attached Thumbnails       __________________ 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 23, 2008 6:14am

#1638    Jan 23, 2008 6:37am

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

So far going as planned Attached Thumbnails    __________________ 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...

#1639    Jan 23, 2008 6:59am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Alternative Patterns the 3-3-3-3-3 pattern for the triangle seemed incomplete with the throwover. It could be a bigger triangle or turn out to be an impulse wave c so a channel is proposed. EG Attached Thumbnails          __________________ 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

hefeiddd

Jan 23, 2008 7:34am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Not trading yet. But just trying to track the price. Waiting for the better opportunity to trade. chart is on 1 minute TF. EG Attached Thumbnails    __________________ 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

#1641    Jan 23, 2008 8:32am

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

Moving to a smaller time frame...15 mins Attached Thumbnails    __________________ 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...

#1642    Jan 23, 2008 9:26am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Scrapped the ending diagonal wave c potential. Price went for the Impulsive channel in 5 waves. Long @ 1.4548 with SL @ 1.4455, 3 pips below FE 261.8 @ 1.4458 which is the rare level of C relation to A @ FE 261.8 EG Attached Thumbnails       __________________ 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

#1643    Jan 23, 2008 12:01pm

Learntocount Member Member Since Dec 2007 242 Posts

EG,,for future reference, an ending diagnal is not a 3,3,3,3,3 pattern......it is 5,3,5,3,5......waves overlap.........

#1644    Jan 23, 2008 12:36pm

hcruces Member Member Since Dec 2007 114 Posts

Quote: Originally Posted by el grande Scrapped the ending diagonal wave c potential. Price went for the Impulsive channel in 5 waves. Long @ 1.4548 with SL @ 1.4455, 3 pips below FE 261.8 @ 1.4458 which is the rare level of C relation to A @ FE 261.8 EG nice call... what do you think its going to happen with GBP/JPY... heading to 200.00?

#1645    Jan 23, 2008 12:47pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Hi Tim. Thank you for the reminder. I just got out in time to capture 24 pips for my Long Trade on EURUSD. that is where the arrow is pointing where I made my exit @ 1.4572 If this works out the way I thought this would as in make that 5 wave move up from a low of 1.4510 on this chart as origin of sub wave c for the wave D up towards the upper edge of the triangle on the Daily chart, then my exit would be too early. However, since I plan to go to sleep now and get some rest, 24 pips in the bag is still great considering I was able to scalp some more last night (earlier). We can get some more pips later on the move down for wave E or just wait for the end of wave E or better would be wait for the Breakout of the expected triangle. unless the scenario changes.... then I would have to study the charts again. Notice the orange Linear Regression channel on the chart. I also use LRC to help me determine potential end of an impulse wave. More like the technique on channeling. So far on that channel, I would say wave 1 of c ended with that RED inverted hammer or shooting star and the bottom of the next red candle is most likely the end of wave 2 unless I am proven wrong and the farthest most red hammer is actually the end. Anyway, exited that trade partly based on the stochastic cross signal and what I seem to see as a finished 5 wave count with that inverted hammer. capturing the pips now is more important to me than risking it for a potential for some more. lately, I have started to have a different view with my trading. positive pips in the bag is more of a target now even though how small they may be compared to letting a trade run and risking themby leaving them unless I see a big wave 3 ( in eurusd in particular ). EG Attached Thumbnails       __________________ 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

#1646    Jan 23, 2008 1:01pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD moving down the lower TFs wave 2 may just go a little lower some more to give a better entry for the wave 3 Long Trade. EG Attached Thumbnails       __________________ 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

hefeiddd

Jan 23, 2008 1:28pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Scanning stochastis on different TFs up to 30min chart, I would say that price still has room to go lower than what you see on the chart in this jpeg. That should fall in line with the wave 2 retrace level of normally at least 61.8% or up to 100% of wave 1. Ticks on the chart refer to following and is accompannied by why it is possible to end at that level: FE 100.0 @ 1.4547 is where c=a is for a zigzag FE 161.8 @ 1.4527 is at the next Zigzag c projection 61.8 Retracement @ 1.4538 is normal retrace level for wave 2 76.4 coincides with FE 161.8 on the 15min chart, notice the stochastics as it approaches level 20. I would be looking for it to touch level 20 and see the crossing of the 2 lines. If I do not get that , I may just altogether skip trading the potential Long trade. Otherwise, that would have been a high probability set up for a good long trade for wave 3. as it is, chances are quite good already for this wave 2 as it has already breached the former low level to its left but still short even at 50% retracement. 61.8 retrace would be quite good. now if only I can get as many signals as possible to align, then I would enter this long trade..... but then I will need to continue watching if I do enter. on the otherhand, I just remembered, it is the afternoon US session already so there could be very little movement from here on till the Aussies come in or till the Asian session. well, i will just skip this altogether. better to get some rest. EG Attached Thumbnails       __________________ 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

#1648    Jan 23, 2008 1:50pm

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

So far so good...Wave C has begun Attached Thumbnails    __________________ 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...

#1649    Jan 23, 2008 2:12pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GBPJPY Quote: Originally Posted by hcruces nice call... what do you think its going to happen with GBP/JPY... heading to 200.00? to me GBPJPY is in a w4 sideways correction right now for a wave C or 3. note that I have a magenta horizontal line limit for now on this wave 34. see monthly chart for how I see the direction of price for gbpjpy. if my wave count is correct and we are indeed on wave 34, then initially, I would assume that wave 34 must not overlap with wave 31 for wave 34 to be valid as a wave 4. otherwise, an overlap will signal either a possible 5th wave (35) failure or a potential ending diagonal 5th wave on the monthly chart. otherwise, a trend reversal has already taken place. EG Attached Thumbnails                   __________________ 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

#1650    Jan 23, 2008 2:16pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GBPJPY continued here is how I see this on the hourly chart. as you can see, I am trying to fit this wave 5 yellow within the limits of wave 34 first which is somewhere around 198.50 assuming that waves i, ii, iii and iv are valid then using the internal structure of the assumed v wave, by using FIB extention tool, wave 5 yellow is projected to be at either FE 261.8 @ 201.44 or at FE 300.0 @ 200.36, then a potential TP 3 would be @ 200 then TP @ 199. But because wave 3 yellow was at FE 161.8, I would conservatively target FE 261.8 as the end of wave 5 yellow. The rest will be bonus on the table. if price goes lower than 34 Limit, ....... then I would have to re assess my wave counts as that would invalidate the basic structure of my wave count on GBPJPY. initially, a wave 4 UP will be part of the alternative count. EG Attached Thumbnails       __________________ 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

hefeiddd

Jan 23, 2008 2:34pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GBPJPY Quote: Originally Posted by kevmcfoster So far so good...Wave C has begun Great work. you were right on this one Jai. EG Attached Thumbnails       __________________ 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

#1652    Jan 23, 2008 2:56pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

GBPJPY Quote: Originally Posted by kevmcfoster So far so good...Wave C has begun This is probably where we may differ in our view. But this is just a potential count for me. EG Attached Thumbnails            __________________ 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

#1653    Jan 23, 2008 3:26pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD I just missed that opportunity on the wave 3 up on EURUSD. But it seems things are going as we potentially saw it being a 3 wave structured wave D UP. we got our wave b retracement od wave a with that Zigzag wave b. followed by a rally on the 15min chart then a pullback which just saw near 50% retracement which is still acceptable for wave 2. Wave 3 could be underway now which has several TP levels. Ultimately, I potentially see price going up near that upper edge of the proposed magenta triangle on the daily if not till the FE 425.0 level @ 1.4868 EG Attached Thumbnails                   __________________ 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

hefeiddd

Jan 23, 2008 3:29pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD continued eurusd charts on the lower tf EG Attached Thumbnails            __________________ 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

#1655    Jan 23, 2008 3:43pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

My GBPJPY wave count invalidated count is invalid as set limit was breeched and brokeout to the upside counter to my view of the continuing downward trend. EG Attached Thumbnails    __________________ 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

#1656    Jan 23, 2008 3:51pm

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

Good going so far Attached Thumbnails       __________________ 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, Jan 23, 2008 4:13pm

#1657    Jan 23, 2008 4:00pm

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

Quote: Originally Posted by el grande This is probably where we may differ in our view. But this is just a potential count for me. EG Hey EG Good to have u back on GBPJPY EW count...I guess this is wht EW is all about..."Difference of Opinion"...lol One can't be right on the EW count all the time...that's y I feel its important to compare your counts with people who are good at it...for eg. you...Thus im glad you are back with GBPJPY EW count.. thnx Jai __________________ 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...

#1658    Jan 23, 2008 4:11pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Quote: Originally Posted by kevmcfoster Hey EG Good to have u back on GBPJPY EW count...I guess this is wht EW is all about..."Difference of Opinion"...lol One can't be right on the EW count all the time...that's y I feel its important to compare your counts with people who are good at it...for eg. you...Thus im glad you are back with GBPJPY EW count.. thnx Jai I have to brush up on gbpjpy again.. getting rusty here. for me, i think it is really important to have a focus on a particular pair. I am not trading gbpjpy pair right now but currently concentrating on eurusd. different pairs have different characteristics. their differences come where they retrace, their potential levels of projection, preferred pivot level to bounce from and type of wave structures they normally develop into. But I will try to put out a gbpjpy count from time to time. Have been busy with other things so need to focus on fewer pairs. Anyway, keep posting your ew counts Jai. EG Attached Thumbnails            __________________ 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

hefeiddd

Jan 23, 2008 8:24pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Looks like Eurusd is on a sideways expansion for a bigger sideways expanding b. Approximate TP for b end is at FE 100.0 @ 1.4423 Blue ticked FE. Stochastics looks like itr still needs to go done on the 1hr chart. If price overlaps with the magenta level which is tops of wave 1 red on the last leg UP, then the 3 waves up that just happened was leg b of a bigger wave b. price going lower than that magenta line leads me to think that price is coming down for that sub wave c of a Zigzag bigger b towards FE 100.0 @ 1.4423. EG Attached Thumbnails       __________________ 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

#1661    Jan 23, 2008 11:34pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD A bit quiet still on the EURUSD. more of the little sideways movement... A bounce of the magenta Line Limit will be a wave 4 While a breeech and total breakout to the down side could be the c leg of the bigger wave B of a much bigger wave D up. EG Attached Thumbnails    __________________ 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

#1662    Jan 24, 2008 1:55pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD EURUSD has been developing basically fitting well so far into our triangle wave 4. Note chart attached to the post before this and the new chart I attach here. Price failed to breech or breakout to the down side of the magenta line which is the tip of the wave 1 or A we already labelled. Attached Thumbnails       __________________ 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

#1663    Jan 24, 2008 2:12pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD continued Now that we have seen how price has moved from the last time I posted a chart yesterday to now....... we see price moving up. Let us zoom out again to the Daily chart and see where price is and where we see it going or propose its potential direction. We have presented a potential 5 wave triangle scenario ( with a 3-3-3-3-3 wave structure) for this wave 4 on the Daily chart as an alternative to the original Zigzag wave. So far , we had leg A, B and C turn out a 3 wave structure each. And now wave D seems to be developing into a 3 wave structure too. See the first zoomed out chart and follow to the succeeding charts how price develops.... On the last chart we see that we have finished a 5 wave structure wave A and an extended Zigzag wave B. EG Attached Thumbnails                      __________________ 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

#1664    Jan 24, 2008 2:27pm

hcruces Member Member Since Dec 2007 114 Posts

so have you set any orders yet?

#1665    Jan 24, 2008 2:52pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD continued part 3 We have seen so far the development on EURUSD from a zoomed out position. Now let us zoom in again and dissect price movement on this pair. Going back to post #1662 which has the same charts as those below this..... notice how I have revised the LRC or the Linear Regression Channels to show wave structure using channeling. I know LRC was not what was used in Prechter's book. But I find LRC as a faster tool to use both to illustrate channelling on a finished wave and a potential direction. I construct a new channel using the MT4 channeling tool to have "better " channel fits. LRC is a fast channeling tool which fits a full wave into a channel. While the regular channeling tool allows us to illustrate the tendency of wave 3 to shootout of the channel while waves 1 and 2 fit into the channel quite well. The 1st chart illustrates that during the early stages of labelling, potential waves are labelled as 1 or a, 2 or b and 3 or c. Zooming out to the next chart, we see A5 and Zigzag B which should have been Bzz. 1 or a, 2 or b and 3 or c was initially used because it was still uncertain whether it was going to be an impulsive wave or be an expansion of the corrective wave B instead of that small Zigzag. We laid out a guideline where in if price bounced off or turned up before hitting the magenta horizontal line @ 1.4561, then that would have been a wave 4. While if it breeched or it brokeout to the downside of that magenta line, then this was a continuation of the extended wave B and that would have been the sub wave c of the wave B. Price then turned up even before hitting the magenta horizontal line which was the wave end of wave 1 or a. That allows us to assume that the move from 1.4510 was an impulsive move and not a corrective move still. with that in mind, I swithced to using LRC to break down or chow the channel of each of the sub waves on that impulsive move up. And so far 4 waves have been drawn with what seems to be the last one which is wave 5 is seen as in developing until now. EG Attached Thumbnails       __________________ 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

hefeiddd

Jan 24, 2008 3:04pm

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

A pretty good day for Gbp/Jpy Attached Thumbnails       __________________ 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...

#1667    Jan 24, 2008 3:10pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Quote: Originally Posted by hcruces so have you set any orders yet? on my live trades.... not yet. I prefer the breakout of the Triangle on the Daily. I cannot stay too long on my computer these days to catch the scalps I could do on the lower time frames as I have been busy outside mostly on the crucial times of the London and the US session. the demo I entered yesterday suffered a drawdown during the asian session as I entered a last minute test for a long trade towards the US afternoon session. I know I said I was not going to enter that trade. But emotions crept in when I saw that rally just as I typed that the US afternoon session was going to be quiet. I waited for a small pullback and entered that trade and went to sleep. 4 hours later it was sufferring a drawdowm. So I let it run till near the US session. when it was up 23 pips, I exited because I had to get away again although I had my initial TP @ 1.4750. Doing the Daily and the 4hour chart trades is what I am focusing on now. You may see me posting charts on the lower timeframes. But this is more of an exercise using EW and surfing the smaller waves to understand the bigger waves. EG __________________ 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

#1668    Jan 24, 2008 3:11pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

Quote: Originally Posted by kevmcfoster A pretty good day for Gbp/Jpy Congratulations Jai!!! Your GBPJPY wave count has done well for you. EG __________________ 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

#1669    Jan 24, 2008 3:47pm

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD continued You may all wonder why I discuss wave counts and projection on the smaller time frames which I do not even tarde LIVE now. I do this to keep track of the EURUSD development. my focus is on the 4hour to the Daily timeframe charts now as I am not able to stay very long on my computer these days. If i could afford to stay during crucial periods of sessions then I could scalp the smaller waves. Back to the charts.... 1st projections were based on the (1 or a, 2 or b ) points assuming that there were already 2 waves that finished as 012. So using points 012, wave 3 and wave 5 were projected. However, a 5 wave structurd wave finished off qualifying as a wave 3 or c temporarily. What followed was a test of whether 1.4638 was a wave 3 end or a wave 31 or maybe even a wave c. if price breeched thru the magenta horizontal line which was the wave 1 end, then I would have been left still undecided on what that wave still was. Although bias would be more towards it being sub wave c of the bigger wave B. However, the sideways expansion and price turning up even before hitting the magenta horizontal line.... leads me to be more biased towards labelling that as a 01234 move. on the chart below first price projections ( BLUE FIB Extention Tool ) were based on 012 points for the FIB Extention tool to Project wave 3 and 5. However, when a wave 3 qualified as a count and wave 4 seemed to have finished, the wave length assessment showed that wave 1 is nearly equal to the slightly longer wave 3. which leads me to apply the quideline for wave extention where if w3 is nearly equal to w1, then w5 is projected as 161.8% of a 034 move on the FIB extention tool (Green ). So current target for TP1 is @ 1.4797. Current high is @ 1.4778. Now looking at that LRC channel for the wave 5 up, it still looks as if only 4 waves have finished and it is the sub wave 5 of this wave 5 which is developing into an extended 5th wave. TP1 is @ FE 161.8 @ 1.4797 TP2 is at the upper side of the BLUE Andrew's Pitchfork Approx. 1.4825 TP3 is still at the Upper edge of the Magenta Triangle. A likely Day trade scenario or a swing trade would be entering a SHORT when price hits the magenta horizontal line AND this 5 wave impulsive wave structure is finished and wave count accounted for. Then SL is 5-10 pips from the High point on this move up. EG Attached Thumbnails       __________________ 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

hefeiddd

Jan 26, 2008 7:11am

kevmcfoster Jai Shewaramani Member Since Sep 2006 82 Posts

Adjusting the count on the 15 mins chart Attached Thumbnails       __________________ 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...

#1677    Jan 26, 2008 9:28am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Gbp/Usd Probable Wave-count ....................... -----------------------------------------

#1678    Jan 26, 2008 9:52am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Us Dollar Probable Wave-count ....................... -----------------------------------------

#1679    Jan 26, 2008 12:40pm

Learntocount Member Member Since Dec 2007 242 Posts

the above posts are from the KING of counting ups and downs.......he is a professional poster on every forum in existance........I have offered to set him up with a 1 million dollar account if he can show me he is a profitable live trader...he hasn't because he can't. I seriously doubt he even trades live.......you have the same odds as a coin flip if you take these counts into consideration........

#1680    Jan 26, 2008 1:19pm

forexnovice Seeking Light Member Since Nov 2006   1,049 Posts

Quote: Originally Posted by marketwavez Us Dollar Probable Wave-count ....................... ----------------------------------------- I believe that count is only a probablity, not cast in stone __________________ Trade What You See, Not What You Think or Others Say ! What !!!??? No Stops ??!!

hefeiddd

Jan 26, 2008 5:35pm

marketwavez Senior Member Member Since Nov 2006   768 Posts

Eur/Usd Here is a view of the Eur/Usd................. --------------------------------------------------- This Only Probability , ........... Not Cast in Stone ! ---------------------------------------------------- ( Double click on chart to enlarge ) http://tinypic.com/view.php?pic=30w3vhw&s=3 Attached Thumbnails    Last edited by marketwavez, Jan 26, 2008 6:44pm

Jan 27, 2008 11:17am

marketwavez Senior Member Member Since Nov 2006   768 Posts

These are the last trade-setups made by Marketwavez - So you can see the Averages ----------------------------------------------------------------- A track record of recent trade set-ups ----------------------------------------------------------------- hold on, I am getting the links ( this is being updated ) ------------------------------------------------------------------- -JAN 2008 Trades (Results).... NO HINDSITE ! ----------------------------------------------------------------------------- 1st Trade (1-03-08 ) Entry USD/CAD Post # 2423 Click here to see chart http://forexfactory.com/attachment.p...8&d=1199409172 http://forexfactory.com/attachment.p...1&d=1199409200 http://forexfactory.com/showthread.php?t=29394&page=162 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2nd Trade (1-08-08 ) Entry GBP/USD Post # 48662 Click here to see chart http://forexfactory.com/attachment.p...7&d=1199906016 http://forexfactory.com/showthread.p...11#post1793311 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3rd Trade (1-09-08 ) Entry USD/CAD Post # 2448 Click here to see chart http://forexfactory.com/attachment.p...8&d=1199912668 http://forexfactory.com/attachment.p...9&d=1199912668 http://forexfactory.com/showthread.p...60#post1793460 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4th Trade (1-10-08 ) Entry AUD/USD Post #58412 Click here to see chart http://forexfactory.com/attachment.p...1&d=1199999473 http://forexfactory.com/showthread.p...33#post1796133 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5th Trade (1-15-08 ) Entry GBP/USD Post #59174 Click here to see chart http://forexfactory.com/attachment.p...0&d=1200391124 http://forexfactory.com/showthread.p...91#post1802991 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6th Trade (1-16-08 ) Entry USD/YEN Post #59440 Click here to see chart http://forexfactory.com/attachment.p...8&d=1200537440 http://forexfactory.com/showthread.p...86#post1806186 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7th Trade (1-17-08 ) EntryUSD/CAD Post #2457 Click here to see chart http://www.forexfactory.com/attachme...0&d=1200565813 http://www.forexfactory.com/showthre...34#post1806734 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8th Trade (1-21-08 ) Entry GBP/USD Post #59802 Click here to see chart http://www.forexfactory.com/attachme...5&d=1200658000 http://www.forexfactory.com/attachme...9&d=1200967182 http://www.forexfactory.com/showthre...56#post1813456 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1st Trade ( ) Entry USD/CHF Click here to see chart - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1st Trade ( ) Entry USD/CHF Click here to see chart - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Open Trade Last edited by marketwavez, Jan 27, 2008 7:54pm

hefeiddd

Jan 27, 2008 8:12pm

marketwavez Senior Member Member Since Nov 2006   768 Posts

Quote: Originally Posted by forexnovice Marketwavez :wave: One of your nice looking charts prior to the last BOE rate announcement http://www.forexfactory.com/showpost...ostcount=58244 although the C wasn't reached exactly but close enough. Seeking light here is the Result chart - Price actually declined into the target 1 to complete the " End Wave C " ------------------------------------------------------------------------- Attached Thumbnails

Jan 28, 2008 3:42am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Charts attached Below are the details about the chart. On the Daily Timeframe, we see price still possible to develop into the symmetrical triangle wave 4. However, If I just look at that naked Chart with my EW Count I will have to propose 2 scenarios : 1. that A and B are finished and that the C up is developing now with either wave 3 green or 5 being extended. 2. that the ABC red is only The A leg of a much bigger ABC wave going up towards the upper edge of the triangle. But with the help of other technical indicators and some other systems, I am inclined to be bias towards the 1st scenario. EG Attached Thumbnails            __________________ 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 28, 2008 4:27am

hefeiddd

Jan 28, 2008 5:56am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Now inclined to be biased towards a finished Leg A and B of the 3 wave that goes up to the upper edge of the triangle on the Daily chart. Proposed count now is the Blue A and B waves while wave C blue is currently developing its sub wave 3. EG Attached Thumbnails       __________________ 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

#1732    Jan 28, 2008 6:09am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD Price on the Lower TFs EG Attached Thumbnails            __________________ 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

hefeiddd

Jan 28, 2008 6:59am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

eye4spot. Your wave 1 is only my sub wave 1 of a potential Reversal move on the GBPUSD 4hour chart. if price bounces off that Magenta Horiizontal line then I would consider that as a sub wave 4 of higher degree wave 1 Blue of the reversal. if I remember it correctly, A reversal should see the new wave 1 reach the end of wave 4 of same degree of the previous trend or exceed it. Looking at the 4 hour chart though, we see that wave 2 green down was a zigzag wgich took 4 candlesticks to finish. and since wave 2 was a zigzag, wave 4 is expected to be either a FLAT or a triangle. At this point, we see price expanding sideways and wave 4 is probably still underway with a sub wave b UP. EG Attached Thumbnails                      __________________ 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

#1736    Jan 28, 2008 7:23am

eye4spot The only way it's up! Member Since Nov 2007 196 Posts

As i seen on my chart a reversal (maybe i'm wrong) i start counting the waves at the start of the double bottom. After wave 1, 2, 3, 4 ,5 we allways see wave a,b,c. I didn't analysed on the perspective of the ew but the mach isn't quite bad although. I tryed to speculate this double bottom who have the first bottom at +230 pips and the second one at + 170, and for me first thing came safe that's why i put my tp around 170. King Regards for the reply.

#1737    Jan 28, 2008 7:27am

el grande Latagaw FOREX_ EWA Member Since Nov 2006   1,793 Posts

EURUSD EURUSD seems to have formed a triangle wave 334 of C up. see 1 min chart of eurusd. EG Attached Thumbnails    __________________ 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

#1738    Jan 28, 2008 8:31am

money Multiple Usernames Member Since Jul 2007   106 Posts

USD/JPY Hello to veryone and to EG I made some new analysis on USD/JPY which if i am not wrong, could be could week for JPY. I will go short like i have marked on the picture, But i realy hope that willl not hit my stops, i was preapring and lookig for this one for a long time now...lets see what will heppen. Any advices will be good. tnx, grega I aslo posted this analysis and someother too, on this site.