一个笨蛋的股指交易记录-------地狱级炒手

hefeiddd

Feb 13, 2008 3:22am

Serega Member Member Since Jun 2007 162 Posts

gbp/usd 15 min update Attached Thumbnails

#1937    Feb 13, 2008 3:32am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Quote: Originally Posted by Learntocount I seriously doubt this post will last for long, so I hope a few get to read it before it goes away forever...I got my status back....I came here after a long search for a forum without Marketwavez on it...after searching and searching I thought I had found it....unfortunately, I saw a thread he had started and figured this was going to suck, just like the other forums...my one saving grace I thought was that I had been able to get 1k status, a place I know MW could never be since he doesn't trade live. although I found it odd no one ever asked for any verification of my experience...I just wrote a story that could have been true or not and I got my vouches........I saw the same pattern over the next few weeks and seeing some of the things posted by some 1k traders I realized it wasn't a designation for an experienced trader it was for anyone with a story.......thus guys like MW's also got it even though they don't even trade live........have any of you ever sat down and figured out how many trades 1000 is??? for most it would take at least 3 to 4 years of live trading to get there.......has anyone ever met an unprofitable live trader after 1000 live trades? I would submit to you, you have not, but that is the "excuse" that has been adopted for traders that know almost nothing.....I questioned a few peoples experience and the pat answer was 1000k status has nothing to do with being profitable.....well my friends, if a guy has 1000 live trades and is not profitable, he should sit down, read, and shut up........I for one don't need to be privy to someone like thats "knowledge" is that harsh? I'm sorry, but who in here doesn't know it's right?? for the two or three guys in here that have a really good clue on trading, I enjoyed our conversations and would love to stay in contact, you know who you are......for the rest, good luck and instead of a successful money manager to ask questions concerning the EW......you have MW's counts........unfortunately this is always the way these things go, the guys that don't NEED this stuff leave and the guys that can't trade are left to beat thier chests and try to convince people they are hot stuff........ More trash talk about Marketwavez ...... But why ? .................. --------------------------------------------------------- There is no absoluetly no reason for this kind of talk......ever This is Rude and Provoking //////// //////////////////////////////////////////////////////////////////// Learntocount this is your very first post since you were banned from this forum and it has to be in a negative tone ...... Again, why ? -------------------------------------------------------------- Why can't you just post your posts and say positive things ? Why is this so difficult for you to do ? -----------------------------------------------------------------

#1938    Feb 13, 2008 3:34am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Let's make this clear : It is Learntocount that went into the marketwavez thread first and said theses awfull things , This is the truth of the matter , -------------------------------------------------------------- Is Marketwavez not to respond to them ?: ----------------------------------------------------------------- Again, it is Learntocount that first went into Marketwavez thread and wrote things about him that are Rude and Ill-Mannered to say the least , ......and then followed Marketwavez here to Eg's thread and the same this past weekend continuing to post in a negative in an Ill-Mannerd way. Marketwavez was simply responding to all this Trash-Talk posted by Learntocount , the best way he could ………….! ------------------------------------------------------------------------ Marketwavez has never said anything in a negative tone about Learntocount --------------------------------------------------------------------------

#1939    Feb 13, 2008 3:37am

marketwavez Senior Member Member Since Nov 2006   768 Posts

No-one appreciates being talked to in this way - ------------------------------------------------------------------------------------- When Learntocount talks like that … - It is Extremely Disruptive and becomes Problematic ! -------------------------------------------------------------------------------------- The moderators simply want us to “ conduct ourselves as professionals” and say positive things - Just As Merlin the moderator has so eloquently said none of his most recent post and this is also one of this Forum’s main Rules ! //////////////////////////////////////////////////////////////////////////////////////////////////// This is probably the reason why Learntocount was banned , -simply for consistently saying negative things in his posts that are Provoking ….. -------------------------------------------------------------------------------------- That's all there really is to it ! //////////////////////////////////////////////////////////////////////////////////////////////////// -------------------------------------------------------------------------------------- Here is the link where it alll started on Jan 1st 2008 Click Here ... Scroll down to Post #44 http://www.forexfactory.com/showthre...t=11710&page=3 This is Nasty and Disruptive !..... Just absolutely awful ............. ------------------------------------------------------------------ Anyway , At first I ignored this ugly post about me by Learntocount that he made in my thread back in early January ! then all of a sudden , Learntocount started up again this weekend and caused this Big Stink ! See it all here Right Here : Start at Post # 1679 http://www.forexfactory.com/showthre...20436&page=112

#1940    Feb 13, 2008 3:57am

Serega Member Member Since Jun 2007 162 Posts

MW take it easy...

#1941    Feb 13, 2008 5:30am

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

Invitation Let us all get back to Elliott Wave Counting. 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

#1942    Feb 13, 2008 5:37am

marketwavez Senior Member Member Since Nov 2006   768 Posts

These are the Eur/Usd charts ........... from earlirer today , before all the arguing (Trying to update ) --------------------------------------------------- Attached Thumbnails

hefeiddd

Feb 13, 2008 5:42am

marketwavez Senior Member Member Since Nov 2006   768 Posts

These are the Usd/Yen charts ........... from earlirer today , before all the arguing Price action moving toward an End of Wave C (Trying to update ) -------------------------------------------------- Attached Thumbnails

#1944    Feb 13, 2008 5:45am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Usd/Yen Eg ............ This is the Usd/Yen going into tomorrow's US Day Session ------------------------------------------------------------------ I'm a little frustrated right now , please excuse me little tired now , will be back tomorow morning ............ Attached Thumbnails

#1945    Feb 13, 2008 7:41am

Serega Member Member Since Jun 2007 162 Posts

Money just another profit

#1946    Feb 14, 2008 1:04am

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

EG Thoughts on EURUSD EURUSD_021408 Last night I was looking at the EURUSD chart basically without the indicators. The charts I posted earlier in the day yesterday somehow bothered me. I know I admitted that the spike on that move to 1.4949 somehow disrupted the proposed Symmetrical Triangle. So I switched to the line chart and got the barrier triangle. But still I was not that satisfied yesterday. The wave structures have not been that obvious to make me really confident on those wave counts. **** insert the 2 charts here Symmetrical triangle Barrier Triangle 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

#1947    Feb 14, 2008 1:07am

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

EURUSD Thoughts Part 2 NextPost Let me break this down on a per wave or leg basis. Wave 4 was initially thought of to have a Zigzag structure because wave 2 was a complex sideways corrective wave. So that when price fell from 1.4966 into a 3 wave structure which resulted in nearly a C=A, This some how qualified as a Zigzag and therefore gave weight that this was a good possibility. Although, time-wise, I believe many had doubts that this wave 4 was over. while time consideration was bearing some weight on the possibility of a wave 4 still in a developing mode, the next option was a a triangle or a complex sideways expanding wave which could either be a bigger Zigzag or a big FLAT complex corrective wave. The move UP after that zigzag down was anticipated to be a 5 wave structure. As it turned out , it was more like a 3 wave structure before it turned around and made a dive again. That move up retraced more than 88% of the previous down wave (zigzag). In a guideline I came across, alternating legs within a 5 wave triangle should be 62-88% of previous leg. We can now see on the 2nd chart that this has somehow not been followed or met. ****insert 001c here to show the legs of the triangle percentage retrace and the internal wave structure. A = is a Zigzag B = looks 3 wave in structure, but retraced A by about 92% C = could be 3 or 5 wave in structure and it retraced B by about 90% of B D = seems 3 wave in structure but has retraced more than 100% of C E = seems to be 5 wave in structure but it could still be counted as 3 If we draw the trendlines based on the tops and bottoms of each wave, this is were we find discrepancies for the proposed patterns. 1st on the Symmetrical triangle a downward resistance trendline and an upward support trendline should converge based on the tops and bottoms of the legs. However, we see that wave D reached 1.4949 piercing ir violating the downward resistance trendline. Aside from this, it has also retraced wave C by more than 100%. So I should start questioning my own previous analysis.. 2nd option was the switching to the line chart for some guidance. Here I saw the possibility of the Barrier triangle. A barrier triangle still has 5 legs in it but sport a 33333 wave internal structure. So this may still be good for my wave count. 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

#1948    Feb 14, 2008 1:08am

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

EURUSD Thoughts Part3 **** 3rd post Somehow, I missed the other potential wave count. I was so engrossed with the triangle wave count. I have been seeing forecasts which were supposed to be based on EW Count. However I could not see a turn by turn wave count development. These forecasts or analyis were either made in Dec 2008 were EURUSD was forecasted to drop down to 1.38. or current wave counts which focused on just the last 1 or 2 legs and do not treat a bigger scope of the wave. We had a zigzag then and this series of legs which looked like legs of a triangle. And somehow these people who made that forecast last December have stopped and turned quiet all this time. Now I have been reading some more and looking into other EW reference materials ( Robert Balan ) in particular, I then realized I must be missing something out there. Then I reviewed Prechter’s book also on the Guideline of Alternation within a Corrective wave where it is stated: “ The “A” wave sets the tone for the “B” wave to follow. A five-wave “A” indicates a zigzag for “B”, while a three-wave “A” indicates a FLAT or a Triangle” If we look at the 4 hour EURUSD chart again, I then realized the new potential wave count whch somehow would close the GAP on information on the fundamental side of things. I am talking about people and that includes me wondering how come EUR is seen to be getting stronger and stronger as the USD is into what is thought as in a recession. And GBPUSD seems to be going lower. This looks like very amateurish take on what is happening or you can accuse me of rationalizing to support this new potential EW count for EURUSD. But the point is, this is what I am seeing as a new potential on my EW Count for EURUSD. So here goes…. 3 waves down from 1.4966 is a Zigzag wave A ( 3 wave structure ) followed by a B-FLAT which is a bit short of the required C = A within a FLAT wave. But the internal wave counts of this proposed B Flat may hold or may be valid. So the current move down from 1.4949 which I see as being a 5 wave impulsive motive structure could be considered as wave 1 of the wave C down. Proposed target for the end of wave C down is @ FE 161.8@ 1.3880. This should give the pair more time to dance in tune with the rest of the other forex pairs. **** insert the C chart here to show the forecast for the wave C down @ FE161.8 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, Feb 14, 2008 1:21am

hefeiddd

Feb 15, 2008 12:42am

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

GBPJPY Here is the short term set up of my GBPJPY. Looking at the FIB Extention Tool, we see that wave C Blue has exceeded the FE 161.8. So it is very likely that tjhis is not an ABC for a wave 4 but most probably a reversal in the short to medium term. Granting that we consider this as one of those rare occasions when C = 261.8 A, then wave 5 red target will be seen to coincide with Daily R2 @ 214.64 up to Daily R3 @ 215.41 The magenta lines you see on the chart are tests for possible wedge and triangulation forecasts which basically point to a possible downward movement on this pair. However when you analyze how price has been contained within the Linear Regression Channel and the potential EW count, Plus price location in relation to Pivot levels, I would a a higher bias for an upward move for this pair. a. Price is above the weekly pivot - Bullish b. Price seems to be at the end of a wave 4 within a wave 3 on the m30 chart. Wave 5 up will result to Bullishness for this pair. c. Price has exceeded the usual standar maximum for a corrective wave C = 161.8 of A. Leading me to think that this is an impulsive wave and not a corrective wave. SO if this is an Impulsive wave and the direction is upward, then , I would have to be bias for the Long trades. d. Price hovering the Daily Pivot Level @ 212.69. Oscillators seem to be pointing up. More bullishness bias. Because this pair makes wide swings, I would have to be careful to note the following: a. price falling below that channel @ 212.20 b. price breaching 211.51 c. price breaching 210.74 d. price breaching 209.07 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

#1953    Feb 15, 2008 12:56am

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

EURJPY Bear I will have to apologize for a rather generalize view on the EURJPY early this morning. Attached is the EW chart for this pair as I see it now. You will note that most of the wave 2s have wave Bs that are longer than wave As. I think this is still within the guideline for Irregular FLAT corrective waves as these wave Bs have not exceeded the 131.8% of wave As. So not you will see on the m30 chart that price now looks like it is going up for the wave 5. Then like the scenarion on the GBPJPY, what we consider as a potential wave C has exceeded the FE 161.8 relation to wave A. So again this is more likely an impulsive wave up for me. I hope this helps. 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

#1954    Feb 15, 2008 12:57am

s3padrian Member Member Since Apr 2007 373 Posts

Here's my USDJPY update. My favorite pair :-D Attached Thumbnails

#1955    Feb 15, 2008 1:04am

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

EURJPY_most likely for me now I have a bias for the following Count on the attached charts. These charts are dancing to the tune of the oscillators. 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

Feb 15, 2008 1:18am

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

EURUSD EW and the Wedge plus a complex WXY corrective wave on the 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

#1957    Feb 15, 2008 1:30am

Beartrade Most Truth is rather dogmatic... Member Since Dec 2007   72 Posts

Something to consider What I'm seeing with the EJ charts and ED charts that you have posted really gives me the impression of a fairly steep decline in both soon. The EJ chart in terms of simple pattern recognition a bearish "flag" . That would fall in line whith your current thinking on the ED as well. Because in my experience these two move in close association with one another. Also, as you have pointed out, many of the indicators are indicating and overbought status on almost all time frames. Just my thoughts Lawrence a.k.a The Bear

#1958    Feb 15, 2008 2:10am

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

EURJPY My Bad. please disregard the post I just deleted. Wave 2 was an Irregular FLAT on this EURJPY Chart. So we should be seeing a Zigzag or a Triangle wave 4 otherwise a nother complex corrective wave for wave 4. This could still be that other count which could support a Zigzag down for the 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

#1959    Feb 15, 2008 2:20am

Beartrade Most Truth is rather dogmatic... Member Since Dec 2007   72 Posts

EG u are awesome Dedicated and driven are two words i could use to describe you. But please dont kill yourself over the eur/jpy chart. I know it isnt one of your regular pairs... Many thanks for your extensive work though Lawrence a.k.a the bear

#1960    Feb 15, 2008 5:12am

Serega Member Member Since Jun 2007 162 Posts

Cable reached my targets and turned around. Now I should take a look south

#1961    Feb 15, 2008 5:19am

Serega Member Member Since Jun 2007 162 Posts

It looks like Cable formed zero point Attached Thumbnails

#1962    Feb 18, 2008 5:37am

Serega Member Member Since Jun 2007 162 Posts

:wave: everybody:wave: Are we in 3 wave in cable or just a-b-c? Attached Thumbnails

hefeiddd

Feb 20, 2008 12:02am

s3padrian Member Member Since Apr 2007 373 Posts

here we gooooooooo Attached Thumbnails

Feb 20, 2008 10:46am

Serega Member Member Since Jun 2007 162 Posts

Quote: Originally Posted by Serega :wave: everybody:wave: Are we in 3 wave in cable or just a-b-c? Bingo!!!!! Cable reached my profit!!! But it wasnt neither 3 wave nor a-b-c. It looks like a-b-c-x-a Now I will wait for end of configuration and the point for long cable Attached Thumbnails

#1972    Feb 21, 2008 7:41pm

fxdoc Member Member Since Nov 2007 137 Posts

Cable My target for C wave swingup is 1.9983 (C=A) next week. But today, cable may retrace wave (1) of C to 1.9545/1.9500 Have a nice day !

#1973    Feb 22, 2008 12:47am

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

GBPUSD Quote: Originally Posted by fxdoc My target for C wave swingup is 1.9983 (C=A) next week. But today, cable may retrace wave (1) of C to 1.9545/1.9500 Have a nice day ! 61.8% retrace on the 4hr chart is @ 1.9484 70.7% @ 1.9456 Stochastics on 4hr chart is about ready to cross its signals and come down. Looks good to me fxdoc. Welcome to the thread. EG update: sorry about that. I edited above post as I made an error in earlier post. I must have been looking at a different fib __________________ 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, Feb 22, 2008 1:21am

#1974    Feb 22, 2008 1:31am

Serega Member Member Since Jun 2007 162 Posts

Eur/usd daily Attached Thumbnails

#1975    Feb 22, 2008 2:15am

fxdoc Member Member Since Nov 2007 137 Posts

GBPUSD Quote: Originally Posted by fxdoc My target for C wave swingup is 1.9983 (C=A) next week. But today, cable may retrace wave (1) of C to 1.9545/1.9500 Have a nice day ! Thank you EG for your Welcome message. I combine my EWA with pivots and today 's daily pivot is 1.9557 S1 = 1.9475 close to the 61.8% fib.

#1976    Feb 22, 2008 2:52am

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

notes. __________________ 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, Feb 23, 2008 1:57am

#1977    Feb 22, 2008 3:27am

Serega Member Member Since Jun 2007 162 Posts

usd/cad 30 min. Before canadian retail sales Attached Thumbnails

#1978    Feb 22, 2008 5:27am

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

EURUSD EURUSD seems bullish still unless it falls below 1.4790 otherwise 1.5040 looks ripe for the picking. 1.4925 1.5010 1.5050 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

#1979    Feb 22, 2008 5:32am

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

GBPJPY GBPJPY short term could still see this down to 209.77 down to 209.50 otherwise it can first go up to 213 which is where a 1/2 median line provides a possible resistance for the upward move for GBPJPY. 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

#1980    Feb 22, 2008 8:12am

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

GBPUSD Here is my GBPUSD view Daily Chart If you do EW, then you can use this to count 5 waves UP and project end of wave C UP of wave 4 Corrective FLAT wave ABC. 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

Feb 25, 2008 8:23am

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

GBPJPY GBPJPY Charts for 022508 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

#1982    Feb 25, 2008 10:11am

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

GBPJPY 4 hour charts GBPJPY EWA Chart Weekly Chart ABC or 123 Based on the FIB Extention Guideline, C can only be up to FE 161.8 of points w0 wA and wB. Beyond FE 161.8 , we instead have a 5 wave impulse or a very complex corrective wave. As it is on the GBPJPY chart, the potential of an ABC is still on the table. So we move on to the Daily chart because we would be focusing on the wave C leg now. Based on the structure, I would say that w1 and w2 are finished in Green label. But wave 3 Green seems to be still in development as an extended impulse wave. Sub waves within this extended green wave 3, are labeled in Red. The current sideways expansion on the daily chart seems to be still the wave 4 red of the extended wave 3 Green. a.) this wave 4 red has retraced wave 3 red by around 38.2% which fits into the guideline of alternation. Wave 2 retraced by a little above 61.8% of wave 1 so that there is a higher tendency for wave 4 to retrace by the balance of the 100% percentage point. This means if wave 2 retraces wave 1 by 61.8% then expect wave 4 to retrace wave 3 by 61.8% or vice versa. b.) wave 2 retraced wave 1 by what looks like a zigzag wave so by the guideline of alternation also, wave 4 is expected to be a FLAT or a Triangle. A zigzag will normally result in a 61.8% retracement while a FLAT or a triangle would result to a 38.2 or a 23.6% retracement. Currently, the 4hour chart would show that price has retrace wave 3 red by a little above 38.2% . c.) I am labelling the move starting from 213.86 down to 208.75 as w1 of the wave 5 red down to finish the bigger wave 3 Green towards 197.85 Overall I am more biased that this pair will go down to finish the wave 5 red of wave 3 Green. Unless it takes out the previous high of 211.93 which it just did right now as I type. Next target is most likely 213.83. This is based on the 4 hour chart with that 4 hour resistance trendline. I have just placed my Long trade now even if goes the other way ( could be a possible big drawdown as it comes down to complete Wave 3 green). But the interest will be good on this one. Price will eventually have to come back up for the wave 4 Green. EGJ 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

Feb 26, 2008 1:35am

Serega Member Member Since Jun 2007 162 Posts

Hi guys, the same I have Attached Thumbnails

#1987    Feb 26, 2008 12:53pm

Serega Member Member Since Jun 2007 162 Posts

GBP/USD 1 hour Attached Thumbnails

#1988    Feb 27, 2008 7:04am

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

GBPJPY Looks like GBPJPY is doing it again. While most of the USD majors are seen to retrace wave 1 for wave 2 by 61.8%, GBPJPY would retrace up to 88% of wave 1. Current price action leads me to believe that Price is now on the wave 3 of the wave 5 Red down to finish wave 3 Green. Unless 213.86 is taken out ( Pinbar) Note that these charts are daily and 4 hours. We can expect another move up on the 15 min chart for that wave 2 retrace on the wave 1 down of higher degree. 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, Feb 27, 2008 8:22am

hefeiddd

Feb 27, 2008 10:36am

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

GBPJPY GBPJPY Price projection seems 22 pips of the actual point where it made a retrace unless this potential wave 4 is an irregular flat. EG Hey adji04.. its been sometime since you've posted here. will try to post sometjhing on eurusd later. 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

#1991    Feb 27, 2008 10:51am

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

GBPJPY adjusted wave 3 end and happy to TP @ 50% retrace or near that mark 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

#1992    Feb 27, 2008 1:33pm

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

EURUSD Quote: Originally Posted by adji04 good nigh EG..nice to meet you again how about eur/usd plz... thx adji04....took me awhile to get this thing up. anyway, you will see how the earlier proposed counts or potential counts are eliminated for various reasons. 2nd chart is the only way I see now which is possible to explain for the wave count that supports the move up. Previous high of wD was taken out so that eliminated the complex count I initially suggested when the symmetrical triangle failed . Although I earlier mentioned that if we switch to a line graph, we would have a BULLISH Barrier triangle. So now I have to switch to a line chart and the support and resistance trendlines somehow fit into the barrier triangle. 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

#1993    Feb 27, 2008 3:21pm

Serega Member Member Since Jun 2007 162 Posts

Looks interesting Attached Thumbnails

#1994    Feb 27, 2008 4:07pm

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

GBPJPY Potential for wave 2 after finishing wave 1 on 15min chart of GBPJPY. 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

Feb 27, 2008 11:25pm

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

GBPJPY 15min chart . Moving Average System based on the Trend Follower plus stochastics also provide a visual for me when doing my wave counts. 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

#1998    Feb 27, 2008 11:40pm

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

GBPJPY going down the 5min chart on GBPJPY.... Boxed area could see the beginning of wave 2 UP Red. EG ps. sorry for the chart delay. had to restart my pc because I could not attach the chart to the post earlier. 1150 GMT pps I apologize for the eurusd label on the chart. I missed to remove that as I was switching between currency pairs and using the same chart template. 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, Feb 28, 2008 6:42am

Feb 28, 2008 5:16am

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

GBPUSD Quote: Originally Posted by fxdoc Today's wave pattern from yesterday's high at 1.9975 may indicate wave C completed and we have wave (1) of new downtrend ?? lets see if we get just an (abc) retracement now ? If so - Good selling point..... This would mean wave C was a 3 waves affair, completing a wave (IV) ?? Have a nice Day ! well your high is better than what I got. mine was only 1.9970 while yours was at 1.9975. My target was at 1.9979 looks like wave 4 turned out to be a FLAT wave for now. as to wave C being a 3 wave....... you could be right and be wrong on that in labelling terms as I am. let me explain this.... we can both be right that wave 4 ended at your 1.9975 and my 1.9970 === if we get a 5 waves down then a 3 waves up then another move down to take out or go lower than the low of the previous 5 wave down. Getting 2 Lower Highs (LH). by being wrong in labelling terms, i am refering to using wxyxz instead of the usual abc for this corrective wave. please voice up your opinion on this if you do not agree. I am just starting to realize or rationalize this. in most of the references I have encountered or all that I can remember is that : wave A can be a 3 (zigzag, flat or irregular) or a 5 (impulse or triangle) wave structure and wave B can be 3 (zigzag, flat or irregular) or 5 (triangle only) wave structure while wave C is always 5 wave structure (motive: impulse, triangle, truncated) for this "wave C" to be 3 wave structure, then the overall structure must be a complex correction which should be labelled as wxyxz. just my thought running thru this analysis. However, if we get 3 waves down instead of 5 waves down on the 4 hour chart , then watch out as price will need to maki a 5 wave move up with a potential limit at 2.0360 A or 1 must be A because of the 3 wave structure of that leg. That leaves as with a BIG ABC structure where 1.9337 may have been the bottom of this ABC correction. and that mobe up from 1.9337 was w1, w2 and we are actually seeing a w3 in development on the Daily chart. OR we are seeing a much bigger correction structure where what we actually have on the GBPUSD daily chart is wA, wB and w1 of wC. and no we are seeing w2 of the wC which if it retraces w1 of wC by 61.8% will be @ 2.062 just a bit below the FE 161.8 for a FLAT corrective w2 of wC. 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

Feb 28, 2008 6:39am

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

GBPJPY wave count revision extended wave 3. Missed an earlier opportunity to scalp that wave 5 of 3 instead of waiting till 209. I got a false signal based on my Andrews Pitchfork earlier but would have still profitted from my shorts earlier if I kept watch. Now wave 4 Purple at 38.2% lands on 211.27. That could be the leg A of a FLAT wave. Leg B may be in development now. so need to watch the wave C up to finish the FLAT wave 4. That could land us back to 211.27 minimum 211.70 likely 212.07 EG PS. I like to spice up my charts with colors. helps break the monotony of all those lines. 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

#2002    Feb 28, 2008 7:56am

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

GBPJPY Revision after reviewing the charts again. I realized that I missed out on some details. 1. wave 2 was not a zigzag but a corrective flat. 2. wave 3 was not extended 3. and that what I initially labelled as wave 2 of 3 was actually a wave 4 as it did not overlap with the original wave 1. 4. meaning wave 5 is now the extended wave. the 2nd chart helped to verify that thinking.. 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

Feb 28, 2008 8:56pm

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

GBPJPY Hedged all my long trades @ 208.46 I should have hedged all my long trades when it broke 208.77 and pulled back to 208.83 I have to remind myself that that this is wave 3 even if it is inside a wave 5 but still a part of the bigger wave 3 green. Therefore, I am now leaving all my trades alone and allow the Short trades to mature or TP at FE 161.8 200.04or FE 200.0 198 I am not up for scalping this wave 3 anymore. will only pull out my short trades if I see a major reversal. 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

#2009    Feb 28, 2008 9:10pm

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

GBPJPY Pullback is where re-entry for shorts should have been taken as it takes out wave 1 end. One may argue , " what about the possibility of an irregular FLAT"? well, for me if you look at the size of wave 2, it would already be out of proportion considering the size of wave 1. so, to me going lower than end of wave 1 confirms we are in wave 3 for GBPJPY. 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

#2010    Feb 28, 2008 10:39pm

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

GBPJPY Scalping I got back a litlle earlier than expected . So I have a bit more time to work on GBPJPY now. checking the 5min chart, it would seem that price is In a wave 4 turq before finishing off wave 5 magenta to finish the bigger wave 1. I would look for wave 1 end to be around 207.40 if by Guideline of wave extention is used where w1 = w5 if wave 3 is extended. from the end of wave 1 or should I say w31 blue, retracements could land on any of the following: 23.6% @ 208.84 38.2% @ 209.72 50.0% @ 210.44 61.8% @ 211.16 Traing long now for this retrace ia not advisable. I would rather use it to add to my short orders preferably a small percentage when it hits 210.44 I just might exit my long trades when it reaches that area. But that depends on what I see on my charts again. I would really just want to ride this pair down 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

Feb 28, 2008 11:54pm

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

GBPJPY GBPJPY 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

#2012    Feb 29, 2008 12:48am

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

GBPJPY GBPJPY 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

#2013    Feb 29, 2008 12:56am

fxdoc Member Member Since Nov 2007 137 Posts

GBP/USD I thought we had a double three off that low at 1 9335 but, we may be looking at wave (4) of C or beginnings of (i) of (5)of C. So new high(s) still to come.....

#2014    Feb 29, 2008 1:22am

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

Quote: Originally Posted by fxdoc I thought we had a double three off that low at 1 9335 but, we may be looking at wave (4) of C or beginnings of (i) of (5)of C. So new high(s) still to come..... Daily chart for me would indicate : 1. a wC5 of a wave 2 UP FE 100.0 @ 1.9979 or FE 161.8 @ 2.0360 or 2. w2 finished with just 38.2% retrace of w1 @ 1.9970 or 3. where you see purple 35 could be end of wave Y and the move to A5 is actually w1 then w2 down to Bzz and w3 going for FE 161.8 @ 2.0360 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

Feb 29, 2008 1:45am

Serega Member Member Since Jun 2007 162 Posts

Gbp/Jpy. looks like we are in the 3 wave Attached Thumbnails

#2016    Feb 29, 2008 1:47am

Serega Member Member Since Jun 2007 162 Posts

Buy the way Eur/Jpy turned around as it was supposed. Good luck

#2017    Feb 29, 2008 4:42am

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

GBPJPY Looks like next possible suppport is at 200.0 or should I say , 177.83 - 189.96 for the end of wave 3 down? Now we need to walk away from the computer and set those TPs at 177. Make sure all those accounts with current Long Trades are able to withstand this huge drawdown. Technically wave C Pink can only be till 197.85 at FE 161.8 TThat is on the Daily chart. But based on FIB Extention Projection and internal structure of wave 3 green, price may go down to as low as 189.96 down to 177.83 before a possible medium term reversal is seen. Call it radical, but that is what my charts are telling me now. Anyway, I still have my long trades and have fully hedged them . Now time for me to sit back, watch and maybe do something else for 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

#2018    Feb 29, 2008 7:41am

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

GBPJPY GBPJPY 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

#2019    Feb 29, 2008 10:06am

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

GBPJPY Triangle wave 4 GBPJPY Triangle wave 4 exited my short hedge earlier and getting ready to hedge again. 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

Feb 29, 2008 10:15am

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

GBPJPY the Aftermath Looks like the triangle wave 4 worked out. But that is further validated if it breaks below the point 0 of the triangle. That would validate a wave 5 in progress 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

#2021    Feb 29, 2008 12:51pm

marketwavez Senior Member Member Since Nov 2006   768 Posts

Gbp/Usd What a week the Bulls we are having huh , //////////////////////////////////////////////////////// -Here is a look at where it all started to unfold ----------------------------------------------- Attached Thumbnails

#2022    Feb 29, 2008 12:55pm

marketwavez Senior Member Member Since Nov 2006   768 Posts

Quote: Originally Posted by marketwavez Gbp/Usd What a week the bulls we are having huh , //////////////////////////////////////////////////////// -Here is a look at where it all started to unfold ----------------------------------------------- Going and still kept Going up ....Wow!...... Attached Thumbnails

#2023    Feb 29, 2008 3:31pm

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

GBPJPY hmmmm..... The triangle on the 5min chart may have been invalidated. But a FLAT corrective wave can now bee seen on the 15 min chart. Patience may just pay off as the hedge is turning positive for my short trade again. Next week will see me do the following: 1. Exit the short trade hedge when there is a possibility of a 20 or more pips counter trend and re-entering the short trade again when it gets back to the main trend which is down. 2. Or I can just leave the hedge alone and scale down to 10% of my usual trade value for additional trades I would make while nursing the hedge. 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

#2024    Feb 29, 2008 5:00pm

bigcoupe Senior Member Member Since Feb 2008   818 Posts

Forgive me as I am still learning. What is your TP for the current wave? I went long when we bounced off of 206 but am still assesing the long term direction of this puppy. B

#2025    Feb 29, 2008 5:39pm

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

GBPJPY Outlook for the Coming Days and Weeks Here is putting the the outlook for GBPJPY in a very simplistic presentation. These are very general ideas based on what I see on my charts and what my wave counts and guidelines I use are telling me. Due to this pair's volatile nature, keeping a close watch on your trades is best advised. Large swings result in large drawdowns. Scalping this pair requires a high degree of experience, a broker with as little spread as possible for this pair and a selection of proper trading period. Short -Term to Medium Term trading of this pair can be very risky yet very and largely rewarding. However, landing on the other side of the trade will definitely require a deep pocket for the possible drawdowns. Large drawdowns in monetary terms can be BEST faced if you apply good money management like trading using very low margins. Otherwise, your trading pocket must be really DEEP. Anyway, details of the forecast are on the chart. If you have questions , just post it here and I will try to get back to you as soon as I can. EG PS. Note that I have existing Long Trades from the 213.30 level. That one was big and I preferred to hedge that rather than take the already large drawdown it incurred. But hedging it and trying to maximize potential of this hedge requires doing it on a higher timeframe and not the scalps. I do not recommend scalping the hedge. Unless.... you are very sure of where the market turns ( which many of us are actually unsure, like I am). But I am taking that risk and I will be responsible for my trades. For newbies.... it is still best advised to DEMO Trade if you like this pair. But better to start with EURUSD or GBPUSD specially if you use Elliott Wave Analysis. 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

Mar 2, 2008 8:43pm

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

GBPJPY Looking at the lower TF of GBPJPY 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

#2028    Mar 2, 2008 9:03pm

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

GBPJPY 5min chart shows potential bearish continuation 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

#2029    Mar 2, 2008 10:14pm

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

GBPJPY GBPJPY Update Wave count adjusted but remain Bearish 1st target for wave end of smal w1 before a potential retrace of 50-61.8% 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

#2030    Mar 2, 2008 11:59pm

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

GBPJPY Regular or Irregular FLAT GBPJPY Regular or Irregular FLAT. 5min Tenkan-sen and Kijun sen have crossed each other within the Kumo Price has crossed the Kumo But could possibly face some resistance based on the Chikou Span Chikou span crossed price but inside the kumo. overall weak to neutral signal to go long 15min overall price move going up may face resistance from a thick Kumo on the 15min chart thus potentially completing the wave 4 on my EW count of a w1 of highere degree. 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, Mar 3, 2008 12:21am

#2031    Mar 3, 2008 1:51am

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

Target achieved 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

Mar 4, 2008 6:10am

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

GBPJPY GBPJPY Update. 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

#2033    Mar 4, 2008 7:19am

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

GBPJPY Possible further retracement for GBPJPY I would say NEXT Target is 206.73 Long @ 204.77 While I still hold both Long and short trades (HEDGE), Short trades will have to be unloaded at the end of this wave 3. In the meantime, smaller trade units will be made to take advantage of this opportunity. 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, Mar 4, 2008 7:33am

#2034    Mar 4, 2008 7:55am

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

GBPJPY 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

#2035    Mar 4, 2008 1:28pm

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

GBPJPY UPDATE Possible counts Points to consider. 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

Mar 4, 2008 1:51pm

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

Alternative view of GBPJPY Alternative view of GBPJPY 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

#2037    Mar 4, 2008 2:24pm

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

GBPJPY Technicals GBPJPY still has not broken out of the Previous days Price Range with the Low @ 203.47 with its current low of 203.66 Daily Support 1 @ 203.80 Weekly Support 1 @ 203.68 This could still be the wave B of the wave 54 With the 1st TP now @ 206.25 Murrey Math Strong Resistance Level which is near the 23.6% retrace. Price may just go thru the Daily Pivot @ 204.79 FE 100.00 is @ 205.98 Have already UNHEDGED my Long trade. Closed my short trade for the bigger chunk. But hedged the smaller trade. Time to get some rest now. 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

#2038    Mar 4, 2008 2:45pm

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

Channeling Linear Regression Channel and Channel Tool on the GBPJPY 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

#2039    Mar 4, 2008 3:20pm

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

GBPJPY more 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

#2040    Mar 4, 2008 7:58pm

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

GBPJPY GBPJPY 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

Mar 4, 2008 8:06pm

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

GBPJPY w5 of wC? 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

#2042    Mar 4, 2008 11:26pm

pipchaser Expect the unexpected Member Since Dec 2007 95 Posts

good job hi el grande, you're a doing very good job here I'm a novice in EW and my learning is easier with your thread. Thank you. Keep going

#2043    Mar 5, 2008 12:08am

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

GBPJPY Thank you pipchaser. I hope this really helps you. Price is above Daily pivot of 204.79 Daily R1 is @ 206.10 Previous Days High (based on Previous days Hi and Lo Range ) Is @ 205.68 I would watch price if it successfully breaksout of this range. For me, there is a high probability of this happening as price is already above daily pivot. Weekly Pivot though is @ 207.71 Price though looks like it might still retest the pivot level where a median line also exists. then ..if it does not continue downwards... Chances are .... Price may go up but encounter a strong resistance on the weekly pivot level of 207.71 TP levels 205.68 206.44 206.68 206.92 These are mere notes that you may want to observe on your charts together with your technical indicators. I have to go out now and will be back US session. if you see the same target levels, let us know. 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

#2044    Mar 5, 2008 12:31am

pipchaser Expect the unexpected Member Since Dec 2007 95 Posts

my TP my daily pivot is at 204.81 and my targets are Fibo levels: 205.84 23.6 207.30 38.2 208.49 50 I will closely watch for reversal patterns in those areas.

#2045    Mar 5, 2008 3:35am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Gbp/Usd Hmmm ............. ? ------------------------------------------------------- Attached Thumbnails

#2046    Mar 5, 2008 6:26am

money Multiple Usernames Member Since Jul 2007   106 Posts

Quote: Originally Posted by marketwavez Gbp/Usd Hmmm ............. ? ------------------------------------------------------- Hello Marketwavez. i chaged your counting a little, it looks more clear and undrestanding now. i still believe that GBP/USD will go higher in this week, and that supports around 1,700 will hold. Anyway, i hope you dont mind, that i changed your picture.

hefeiddd

Mar 5, 2008 8:11pm

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

GBPJPY Quote: Originally Posted by pipchaser my daily pivot is at 204.81 and my targets are Fibo levels: 205.84 23.6 207.30 38.2 208.49 50 I will closely watch for reversal patterns in those areas. Looking good for you pipchaser.... Yesterday before I left, I had placed 2 small equal Long trades @ 205.18 However, I placed a Stop Loss on 1 (@204.60 ) which was a 38.2% retrace from the previous day's high while I let the other one loose with out an SL. When I came back around US session, I saw the SL triggered while the other was in profit. I exited the one with profit without further analyzing it for Net loss of 40 pips on those 2 trades. I did not have much energy left to stay up and watch my trades after a long drive around the city for nearly 6 hours. Now, it looks like we were actually on the correct direction. The labels on the chart should be self explanatory aside from the notes. However, if you have questions..... just ask. 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

#2049    Mar 5, 2008 8:54pm

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

GBPJPY GBPJPY m30 details sorry ... this did not go thru earlier. 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

#2050    Mar 5, 2008 11:21pm

pipchaser Expect the unexpected Member Since Dec 2007 95 Posts

G/J daily Hi el, I took a look on daily charts for geppy and I think that it just completed W1, now we are in W2 but I have no clue about what kind of correction can be. I'm waiting for first wave of W2 retracement to have an opinion. What do you think? Attached Thumbnails

Mar 6, 2008 1:33am

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

GBPJPY Thanks pipcatcher for bringing this up. I do not mean to shoot down your thoughts on this. However, I will just provide some points I thought you might want to consider (which I considered before I set aside the same count you just made. 1. if you look at the 1st chart on the series above this post, you will notice also that the stochastics I had on the chart somehow formed a triangle. 2. Aside from that, I noticed that the legs of that potential triangle were smaller than the one to their left. This would have been 2nd pt to qualify it as a triangle However, there was also an alternative count. I looked around for a possible reason to sdispute the triangle. And the only one I found was the form of this triangle. It would look more like a Barrier triangle with the inverted side. from what I can deduce with the barrier triangle format, the breakout usually occurs on the flat side and not the slanted side. This can not be a symmetrical triangle for me as it has one side less angled to the apex than the other. Next is I looked at the Time Component. Measuring how much time was consumed for wave 2 compared to this proposed wave 4. I remembed somebody telling me before that w4 is normally equal to wave 2 interms of time. I have not come across this in the books yet as far as I can remember. If I place wave 4 where you placed yours, then w4 would have taken longer than wave 2. But it could be a reason to match the wave breakdown with your MACD. I can still be wrong with my count. Next I checked was the technical indicators. If price is indeed in wave 2 now, then this would have to climb towards 61.8 208.26 78.6 209.56 88.0 219.29 But Monthly Pivot is @ 208.67 Weekly Pivot @ 208.58 If price goes higher than this substantially, then Price will already have reversed and this cannot be wave 2 then. (Just my thought) Based on the Previous day's Range and FIB Breakout, I would consider price going higher than the monthly and weekly Pivot towards Maximum of 209.34 which is Daily R2 and near the 61.8% FIB Breakout. But this is even a bit contradictory to the usual retracement done by wave 4 which should be from 38.2 - 50% of wave 3. So I would be inclined towards 208.26 which is 61.8% of wave 3 If this is really wave 4 and it retraces more than 61.8%, based on the Guideline, next to watch is potential wave 5 failure (Truncated) Your asking me this has made me go over that time guideline for wave 4. Based on a higher timeframe, wave 4 must end around 030908 (magenta vertical line on the chart). but the internal structure for the c4 is nearly complete. Now, I am inclined to watcch this as a potential complex sideways expansion as the WXYXxZ instead of the ABC or WXY due to this time factor. So these are the thoughts that I base my trading decisions on. Price going up to finish c5 then down for Xx towards 206.25 to 205.40 and bouncing from there to finish Z of w534 till 030908. This is just laying a map for this price. But this can still change. What I do is set this up then monitor and see if price does work as was planned. In the event that Price movement deviates, then a new map is drawn whenever possible. 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, Mar 6, 2008 3:48am

hefeiddd

Mar 6, 2008 8:24am

money Multiple Usernames Member Since Jul 2007   106 Posts

USD/JPY Hello guys. I am back after long time in this threat. I was watching correction in USD/JPY for a long time now, and maybe i figured out how could it be. I believe that we are in big wave IV, where should JPY break down again in few days. First move in this correction was expanded diagonal triangle in wave a, then zigzag in wave b, with triangle in subwave b and ending diagonal in subwave c. After that price continue to the last wave c of IV with another expanding diagonal triangle. So after this breakout i will wait on the 61,8% retricement where i will go short with 1/3 of the position, with stops above 104,20. If my sell 1 wont be achieved i will go short after breakout the lower trend line! grega

#2058    Mar 6, 2008 9:42am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Quote: Originally Posted by money Hello guys. I am back after long time in this threat. I was watching correction in USD/JPY for a long time now, and maybe i figured out how could it be. Welcome Back ...... Look forward to seeing more of your charts

#2059    Mar 6, 2008 9:57am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Gbp/Usd UPDATE -Result Here is how the trade set-up turned out ..... ------------------------------------------------- Attached Thumbnails

#2060    Mar 6, 2008 10:02am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Quote: Originally Posted by money Hello Marketwavez. i still believe that GBP/USD will go higher in this week, and that supports around 1,700 will hold. Anyway, i hope you dont mind, that i changed your picture. Attachment 92290 Gbp/Usd I think you may be right about a rally ............. --------------------------------------------------------------- Here is another look at what may be occurring ---------------------------------------------------------------- Attached Thumbnails

#2061    Mar 6, 2008 10:21am

marketwavez Senior Member Member Since Nov 2006   768 Posts

Us Dollar Usd/Chf - wave-count Us Dollar is Oversold ...... Very Oversold ! ................ ///////////////////////////////////////////////////////////////// - May now be making an End of Wave 5 Low ----------------------------------------------------------- Attached Thumbnails

hefeiddd

Mar 6, 2008 1:17pm

s3padrian Member Member Since Apr 2007 373 Posts

Here yah Go! Attached Thumbnails

#2063    Mar 6, 2008 1:33pm

s3padrian Member Member Since Apr 2007 373 Posts

I'd be very careful of this count of AUDUSD Attached Thumbnails

#2064    Mar 6, 2008 1:44pm

s3padrian Member Member Since Apr 2007 373 Posts

Here's an USDJPY count Update Attached Thumbnails

#2065    Mar 6, 2008 3:22pm

pickindim Multiple Usernames Member Since Mar 2008 1 Posts

No money on forum anymore?? Infraction overload?? Why is that? He just discussed and posted his charts on forum.

#2066    Mar 6, 2008 10:10pm

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

GBPJPY adjusted wave count for 3 4 and 5 Lime Green to end C3 Purple C4 Purple may be developing into a Symmetrical Triangle which could fill up the space in time towards 030908 to finish the w534. Now look at the 2nd chart (m60). I have placed a RED horizontal line as the Limit for w534 inorder for it not to overlap with w531. Then next to consider is the C to A relationship which is normally at the maximum of C = 161.8 A. with some exception running up to FE 261.8 or C = A 2.618 . Check the 3rd and 4th charts. 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

#2067    Mar 6, 2008 10:31pm

fxdoc Member Member Since Nov 2007 137 Posts

GBP/USD Quote: Originally Posted by fxdoc Here we are, wave (4) finally completed previous night. Wave (5) developping ! Targets for wave (v)of(5) of C : 50% of the swing 2.1160/1.9336 = 2.0248 1.5 x wave A ....................... = 2.0292 1.618 x wave A ..................... = 2.0365 presently, we have reached close to 1.272 x wave A = 2.0151 against actual 2.0137 Have a nice day !

#2068    Mar 6, 2008 10:54pm

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

GBPJPY w534 proposed end after the suggested symmetrical triangle is equivalent to the widest portion of the triangle. So I placed a FIB Retracement tool equivalent to the widest portion of the triangle from the end of 3 down to wave A of the triangle and super-imposed it at the suggested end of the triangle to project 207.98 as possible end of w534. I have a Buy Limit @ 206.30 whioch is 61.8% retrace of the wave A of this proposed D leg of the triangle. 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

#2069    Mar 6, 2008 11:15pm

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

Watch the Stochastics I would watch Stochastics for its cross to coincide the short term reversal to head back up to the upper side of the triangle. My Buy Limit is @ 206.30 If I get the stoch cross before it hits 206.30, then I will have to enter my Long Trade manually. EG PS. A drop lower than 205.94 will dispute the Symmetrical Triangle Proposed. 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

#2070    Mar 7, 2008 4:00am

Serega Member Member Since Jun 2007 162 Posts

Hi guys. its a pity to loose Money:surprised So here my counts on cable and cad/jpy Attached Thumbnails