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12-14-2007, 06:50 AM
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Gbp/Usd
Good morning all
Here is the result from last nights post !
(See blue chart above )
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Just look at that !...........End of Wave B
Last edited by marketwavez2; 12-14-2007 at 08:14 AM..
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12-14-2007, 07:00 AM
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Hi Jamie , I have just read your new report :
Quote:
Originally Posted by Jamie Saettele
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I respectfully disagree with you are saying about the Cad/Usd
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So , here is a look the Eur/Usd with my eagle eye as Italm once said .....
This is Serious !...........
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Last edited by marketwavez2; 12-14-2007 at 08:26 AM..
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12-14-2007, 07:10 AM
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Eur/Usd
See here this chart also :
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12-14-2007, 07:52 AM
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Quote:
Originally Posted by Jamie Saettele
Everyone...I want to put forth a new count for the EURUSD. My original call was for wave B to end near the 61.8 at 1.4800 but the EURUSD did reverse off of the 50 today and we could be in C already. Risk is tight at 1.4725 and the target is not until below 1.4526. More telling is that the 38.2% is at 1.4353...C would equal A at 1.4309 if a wave B top is in at 1.4750. The fact that these two measurements are so close along with other technical considerations makes me bearish now, against 1.4725.
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Jamie , just went back and read a few pages
- You seemed to have nailed this Eur/Usd Projection from Post #2188
but it is not mentioned in your report in this manner , Congradulations !
http://www.learncurrencytrading.com/...1&d=1197412512
Last edited by marketwavez2; 12-14-2007 at 08:27 AM..
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12-14-2007, 08:28 AM
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Quote:
Originally Posted by marketwavez2
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While I am still USD bullish, I want to point out that the EURUSD is currently testing the parallel line that often signals the end of a 4th wave...so be careful about getting too aggressive right now...still, the next support level is not until mid 1.4300
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12-14-2007, 10:58 AM
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I haven't commented on gbpjpy in a while because i have been concentrating so much on the eurusd. Now that things have worked out there, I feel free to comment on gbpjpy.
This is a 15 min. A strong decline is likely in the next few hours....price is likely to come under 227.42 in a iii of C. Look for a bottom in the 226.90 area (61.8% of 224.79-230.33). Whether this happens today I do not know...but if not today..then Monday.
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12-14-2007, 12:16 PM
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GBP/CHF New Low??
Jaime,
Do you still think that GBP/CHF will post a new low? I was hoping to catch this report on the weekly, but it wasn't posted this week.
Thanks for the insight.
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12-14-2007, 01:47 PM
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AUDNZD looking good !
I'm frothing like a dog waiting on this one ... lol Today's candle on the daily looks like it's going to finish off as a dragonfly doji, which was preceeded by a doji and a hammer nearly right on the 78.6 level. If today finishes as a drogonfly doji, I think the sunday open is a great spot for a long ! 
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12-14-2007, 03:46 PM
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after the close audnzd
Didn't quite get the dragonfly doji I was looking for at the close, however given the price action right on the 78.6 level, (a hammer and double doji) I think we're close to a bottom if not there  Just want to see some convincing candles and that downtrend line broken first for safety sake Patience GrassHopper 
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12-15-2007, 02:48 PM
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Hi do you have any suggestion on what to read to get understanding of Elliot wave, also were do i find the data for a currency traders on short or long.
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12-16-2007, 04:33 PM
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Quote:
Originally Posted by marketwavez2
Usd/Yen
This is Mid-Term view of what may be occurring :
Price is now fooling around with this 50 % RETRACEMENT LINE ..........
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This is only a Probability !................It is Not Cast in Stone........
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UPDATE TIME ,
Here we are now today :
Just look at how price has now blasted through the 50 % Retracement Line
Price action now moving toward an " End of Wave C" ,,,,,, Is It over now?
Last edited by marketwavez2; 12-16-2007 at 04:36 PM..
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12-16-2007, 07:35 PM
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AUD/JPY ready for C or 3?
Looking at price action in AUD/JPY, it looks like this week or next should offer a good opportunity to get short for the next leg to the downside. The decline off 107.85 is in five waves and the recent rally has corrected to just shy of the 50.0% retracement level. Wave 'C' will equal wave 'A' at 100.98, which is just short of the 61.8% Fib level. I'm looking to get short in one of two places:
First, by drawing a trendline off the lows of the three wave correction, I'll look for that line to breakdown and then I'll short a retest of the line.
Second, If price continues higher I'll look for a trade in the ambush zone (area between 50.0% and 61.8%), at which point I'll go short.
If the next leg lower is wave 'C' of a large correction, that wave 'C' should be about a 1500 point move. If the next leg is wave three of a larger decline, we are looking at a 2400 point move. Either way, there is awesome potential in the next few weeks.
This move should coincide with the next leg lower in USD/JPY that everybody is waiting for. Plus, looking at JPY futures, a five wave rally and a three wave correction looks to be complete off the daily chart, so I think JPY is ready to pop higher. AUD has been in consolidation mode for the past two weeks and has just broken to the downside, so we should get more weakness in that area. So a weaker AUD and a stronger JPY makes the potential trade in AUD/JPY a pretty nice one.
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12-16-2007, 09:28 PM
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Quote:
Originally Posted by marketwavez2
UPDATE TIME ,
Here we are now today :
Just look at how price has now blasted through the 50 % Retracement Line
Price action now moving toward an " End of Wave C" ,,,,,, Is It over now?
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---- I've been watching this count too.... I think you got it right
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12-16-2007, 10:58 PM
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Hi Brad ,
Usd/Yen is starting to look over- bought .......
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Last edited by marketwavez2; 12-16-2007 at 11:55 PM..
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12-16-2007, 11:02 PM
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Gbp/Usd
Now What ? ..........
Last edited by marketwavez2; 12-16-2007 at 11:41 PM..
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