Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Elliot Wave Trading
View Single Post
  #1515 (permalink)  
Old 11-12-2007, 09:07 AM
italm31 italm31 is offline
Member
  
Join Date: Jul 2007
Posts: 1,592
italm31 is an unknown quantity at this point
Hey guys,
For the moment, the Yen pairs appear to have taken a break. This could be wave 4. Price projections estimate wave iv to end near 161.50 for the Eur/Jpy so Ill be looking for a turn downward there. However, as the famous say goes, it aint over till its over. This could also be a wave iv of v of III and we might make one more low before wave IV begins thereby lowering our target for to wave IV as well. here is my preferred count but Ill still wait for a deeper retracement before declaring wave III over or a much longer side wave move.
Last edited by italm31; 06-11-2008 at 05:58 AM..
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 07:56 AM.
Copyright ©2009 Daily FX. All Rights Reserved.