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01-26-2008, 08:33 AM
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Aud/Cad
Wavecount ................ 
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Last edited by marketwavez2; 01-29-2008 at 02:57 PM..
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01-26-2008, 08:39 AM
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Join Date: Jul 2005
Posts: 3,865
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msmack
your charts are too wide !
Please go to www.tinypic.com
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this will resize your charts automatically
They are going to delete your charts
- Do you really want this to happen ?
Please stop posting wide charts ! ...............
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01-26-2008, 08:42 AM
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Posts: 3,865
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Brad_1199
your charts are too wide !
Please go to www.tinypic.com
-------------------------------------------------
this will resize your charts automatically
They are going to delete your charts
- Do you really want this to happen ?
Please stop posting wide charts ! ...............
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01-26-2008, 01:34 PM
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Guest Moderator
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Join Date: Sep 2005
Posts: 2,438
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:o:o
Quote:
Originally Posted by marketwavez2
Brad_1199
your charts are too wide !
Please go to www.tinypic.com
-------------------------------------------------
this will resize your charts automatically
They are going to delete your charts
- Do you really want this to happen ?
Please stop posting wide charts ! ...............
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Thank You For The Reminder Market..... I must be slippin.. :O
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01-26-2008, 01:44 PM
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Alternate For AUDCAD
Looking at the longer term picture, price could still fall back down to it's support line... But even considering this alternate price action, I believe we still get this wave 5 up now before it falls over...
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01-26-2008, 03:48 PM
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Join Date: Jan 2008
Posts: 67
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Quote:
Originally Posted by marketwavez2
msmack
your charts are too wide !
Please go to www.tinypic.com
-------------------------------------------------
this will resize your charts automatically
They are going to delete your charts
- Do you really want this to happen ?
Please stop posting wide charts ! ...............
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Sorry about that 
thanks for the reminder
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01-26-2008, 04:40 PM
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Join Date: Jan 2008
Posts: 67
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Audcad
I think we really need one more rally to down 
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01-26-2008, 09:58 PM
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Guest Moderator
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Eurchf
EURCHF looks like it just finished a big correction.....
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01-26-2008, 10:11 PM
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Question for Jamie S
Jamie,
I'd like to follow your recommendation to buy EURNZD, but my fxcm trading platform doesn't allow this currency pair. I know, it is not you problem, but maybe you can help nevertheless. Thanks in advance.
If I cannot trade this pair, do you think that I can use another (similar) currency pair as a proxy for EURNZD? For example, NZDUSD or NZDJPY (in reverse, of course).
Thanks
Mike
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01-26-2008, 11:03 PM
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Big Mike
Quote:
Originally Posted by Big Mike
Jamie,
I'd like to follow your recommendation to buy EURNZD, but my fxcm trading platform doesn't allow this currency pair. I know, it is not you problem, but maybe you can help nevertheless. Thanks in advance.
If I cannot trade this pair, do you think that I can use another (similar) currency pair as a proxy for EURNZD? For example, NZDUSD or NZDJPY (in reverse, of course).
Thanks
Mike
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Hi BIG MIKE... Log into the trade station, There is a button labelled "CCY" at the top in the middle.. Click it... It will open a box with a list of all the currencies available to be traded... The ones you can trade will be the ones with the boxes checked... Any currency pairs you don't have access to currently will be unchecked... Find EURNZD or any currency pair you want access too that is unchecked... And Check both boxes "Simple" and "Advanced", then click "APPLY" and you will be able to trade them.
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01-27-2008, 01:12 AM
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Gbpaud
Here is a possibility in GBPAUD....
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01-27-2008, 05:02 AM
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Join Date: Jun 2007
Posts: 12
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EUR/NZD entry point
Quote:
Originally Posted by brad_1199
Hi BIG MIKE... Log into the trade station, There is a button labelled "CCY" at the top in the middle.. Click it... It will open a box with a list of all the currencies available to be traded... The ones you can trade will be the ones with the boxes checked... Any currency pairs you don't have access to currently will be unchecked... Find EURNZD or any currency pair you want access too that is unchecked... And Check both boxes "Simple" and "Advanced", then click "APPLY" and you will be able to trade them. |
This trade looks very attractive....just wondering what would be a good entry point and what kind of stop would be necessary to give this trade a chance of success...and cover the risk ?
thanks inadvance for commenting
fxtreme
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01-27-2008, 11:51 AM
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Posts: 1,592
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Quote:
Originally Posted by Eushman
On the other hand italm, could we have already completed the 5 fives up? The small wave near your end of "B" could be the 1st wave of your structure, making the whole thing 5 waves with an extended 5th. Just a thought.
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Hey Eushman,
That count you speak of was my original count but the reason I changed it was judging by your count wave ii and iv of C don't have the same breath. If you want further proof of this, just look at at larger chart like a 4 or 8 hour. Because your wave iv went as long as it did, it gives the appearance of 3 waves up on a larger chart. Furthermore, there was a minor trend line of a ii of III down that was broken back on the 11th of January which I believe would provide significant resistance. That trend line now correlates back to 215. (see chart below). SO in essence, the Gbp/Jpy may have some unfinished business before crashing downward. However, Im still not sure as to C being over yet or not. I'm hoping not but I see your count as a definite possibility. A break below Friday's low would certainly put a damper on a move back to 215. Sunday's opening will definitely shed some light it.
Last edited by italm31; 06-11-2008 at 07:00 AM..
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01-27-2008, 12:13 PM
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Join Date: Oct 2005
Posts: 1,606
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Quote:
Originally Posted by brad_1199
Hi BIG MIKE... Log into the trade station, There is a button labelled "CCY" at the top in the middle.. Click it... It will open a box with a list of all the currencies available to be traded... The ones you can trade will be the ones with the boxes checked... Any currency pairs you don't have access to currently will be unchecked... Find EURNZD or any currency pair you want access too that is unchecked... And Check both boxes "Simple" and "Advanced", then click "APPLY" and you will be able to trade them. |
Thanks, Brad
I tried it and it works. Great!
Mike
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01-27-2008, 12:25 PM
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Eurnzd
Quote:
Originally Posted by fxtreme
This trade looks very attractive....just wondering what would be a good entry point and what kind of stop would be necessary to give this trade a chance of success...and cover the risk ?
thanks inadvance for commenting
fxtreme
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Judging by the Elliott Wave theory, wave E of the triangle is only half way finished. It started on Jan 21 at 1.943, went down to 1.9046, now it should drop another 400 pips from 1.9212 and touch 1.88 (approximately).
Wave E must be in the form of 3 waves, with 1 and 3 being roughly equal.
In essence, my opinion is that the best entry point will be AFTER it touches 1.88 and starts moving up.
There is always a possibility that there might be a slight undershoot. Your stop should be placed 100 pips below the lowest point.
I myself like triangle formation very much. They usually follow closely the theory and I find them highly predictable, especially when they result in explosive termination.
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