Go Back   DailyFX Forum

View Single Post
  #2454 (permalink)  
Old 01-04-2008, 02:59 AM
italm31 italm31 is offline
Member
 
Join Date: Jul 2007
Posts: 1,592
italm31 is an unknown quantity at this point
Quote:
Originally Posted by brad_1199 View Post
Right on... Thanks EG That was fast.... Next up at bat -- ITALM ! .. lol
Hey Brad,
Im assuming your asking for my count for the Eur/Jpy. Let me just say the EGs count looks very plausible. I however and more bearish long term. I believe we've topped and as a result have have a multi-year high in place. That being said, shorter term, Im with Eg. I like to see nice channels when looking at corrections such as wave 2s. That way, confirmations for wave 3s are easy to spot. Eur/Jpy has provided that in spades. Heres what I see short term. The break below this channel confirms were in wave I of 3 where wave 3 should bring us to a minimum of 152.

Last edited by italm31; 06-11-2008 at 06:59 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 10:57 PM.
Copyright ©2009 Daily FX. All Rights Reserved.