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02-15-2008, 09:02 AM
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Posts: 130
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Hi danishfx,
What would you conclude after conversation with marketwavez2 for Gbp,
1. you talk about idea of correction zigzag targeting min 2.0200, or flate ABCD for completing 4th wave OR
2. 1.9960 book as 4th wave high and falling trend line top and market stay below any how and not before completing its 5th wave mention
i like to marketwavez2 also some comment on it
thanks
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02-15-2008, 09:15 AM
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Moderator
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Quote:
Originally Posted by Big Mike
When I look at 1h AUDUSD chart, it looks almost like it is forming a triangle.
Start Feb 3 at 0.9095
A at 0.8873 on FEB 6
B at 0.9082 on FEB 11
C at 0.8918 on FEB 12
D forming now?
E next week?
if it is a triangle, it will break to the upside by about 220 pips minimum, counting from 0.9095
Mike
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I have been thinking that as well -- along with NZDUSD. The problem is that I am unsure of where a triangle would fit in the larger wave structure.
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02-15-2008, 10:07 AM
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I want to introduce a count that has yet to be presented in the AUDUSD. Under this scenario, a C wave would come under .8874 before the next bull leg. Of course, be very careful because we could also be in a very bullish wave 3 now. This is something that I wanted to present, it does not mean that I am turning bearish.
Last edited by Jamie Saettele; 02-15-2008 at 10:46 AM..
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02-15-2008, 10:42 AM
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Join Date: May 2005
Posts: 447
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nice to see you working on AUDUSD, I like to trade it. so I will be learning EW and observing your charts for it..
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02-15-2008, 11:10 AM
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Aud Usd
Quote:
Originally Posted by Jamie Saettele
I have been thinking that as well -- along with NZDUSD. The problem is that I am unsure of where a triangle would fit in the larger wave structure.
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We could've completed leg D at 0300- MST.
If this is the case, leg E will take us to around 0.899
At the moment some of the wave structure (in formation of 3's) supports this hypotheses, some waves don't.
Mike
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02-15-2008, 11:16 AM
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Moderator
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Join Date: Jan 2007
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Quote:
Originally Posted by Big Mike
We could've completed leg D at 0300- MST.
If this is the case, leg E will take us to around 0.899
At the moment some of the wave structure (in formation of 3's) supports this hypotheses, some waves don't.
Mike
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Right, the triangle does remain a possibility. However, as I mentioned before I do not see where that would fit in the larger pattern so I see a triangle as a very low probability.
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02-15-2008, 11:23 AM
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Quote:
Originally Posted by Jamie Saettele
Right, the triangle does remain a possibility. However, as I mentioned before I do not see where that would fit in the larger pattern so I see a triangle as a very low probability.
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AUD/USD
A test of 0.9045 is possible but after that, it is going to be intersting to watch if it will bounce back or pierce through the support at 0.9004.
Last edited by senthil10; 02-15-2008 at 11:29 AM..
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02-15-2008, 11:32 AM
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Usd/cad$
Resistance at 1.0024/1.0040 is the best place to short again and before it attracts selling pressure, it is prudent to leave few pips on the table and to enter early for another test of the double bottom at 0.9923.
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02-15-2008, 12:17 PM
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gbp/usd
hello jamie, what do u think of the cable now, is this a correction off yesterday's highs? i made about 160 pips yesterday and today longing it and then shorting again... will the correction end at 1.9598(today's low) or will it extend to 1.9550's.... what do u think jamie???
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02-15-2008, 12:20 PM
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Aud Usd
Quote:
Originally Posted by Jamie Saettele
Right, the triangle does remain a possibility. However, as I mentioned before I do not see where that would fit in the larger pattern so I see a triangle as a very low probability.
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I was asking myself the same question.
You are absolutely right; no matter, how hard a person tries, this presumable triangle cannot be counted as Wave 4.
I suppose, we will find out soon enough.
Even if it is not a triangle, it still looks like a bullish formation.
Mike
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02-15-2008, 12:28 PM
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Quote:
Originally Posted by gaf
Hello Room,
Anyone make anything of what the Loonie's been doing over the last few days. Are we still due for that 3 or C down? I'm having a bit of a rough time counting the 3's and fives. I thought that first leg counted nicely as an abc for a wave 2 of big C but after the initial i of 3 of C backed up again I got lost in my count.
This morning (Ottawa) we have had a move downward which seemed to break through the resistance at .9936 area could be the start of i of 3 but I'm lost in the count. I'm beginning to wonder if this action is more typical of wave 4 than 2 (sorry I'm still a novice when it comes to corrections).
Any thoughts out there? Thanks.
John
P.S. Thanks for your response Big Mike. I have a spread sheet that calculates all the lengths and fibs as well for each wave. I've been trying to get a closer handle on entry timing by using fib time projections for the different waves. Cheers.
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Usd/Cad
Hi there ,
Here is a Probable Price Projection for the Loonie ........
Looking for a " Wave A " Rally
Last edited by marketwavez2; 02-15-2008 at 12:35 PM..
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02-15-2008, 01:04 PM
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Quote:
Originally Posted by marketwavez2
Usd/Cad
Hi there ,
Here is a Probable Price Projection for the Loonie ........
Looking for a " Wave A " Rally
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I think you were right on the money, congratulations. Nice call.
I caught a part of it, when it teetered just above 1.000
Last edited by Big Mike; 02-15-2008 at 01:34 PM..
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02-15-2008, 01:09 PM
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Quote:
Originally Posted by WhatCount
Good charts Marketwavez
I guess many are asking the same question. Looks like the cable hit was on the back of cross selling in particular EURGBP, what do you make of that one?
Do have a count for that pair?
e Gbp?Uassd
As far as i read you pefer the bearish count for cable , is that correct?
regards
Whatcount
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Gbp/Usd
Here is a look at what may be occurring ..............
These 3 charts are an iluustration of what may be happening
------------------------------------------------------------------
This is only a Probability .......... Not Cast in Stone !
-----------------------------------------------------------------
If You disagree , That's Ok
Just Post your charts and state your case ..........
TIME will then tell all !....
Last edited by marketwavez2; 02-15-2008 at 01:27 PM..
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02-15-2008, 01:28 PM
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Member
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Join Date: Jan 2008
Posts: 18
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Quote:
Originally Posted by marketwavez2
Gbp/Usd
Here is a look at what may be occurring ..............
These 3 charts are an iluustration of what may be happening
------------------------------------------------------------------
This is only a Probability .......... Not Cast in Stone !
-----------------------------------------------------------------
If You disagree , That's Ok
Just Post your charts and state your case ..........
TIME will then tell all !.... |
Mr Wave,
Base on your chart, and look at the weekly 200 ma @1.8790, I think GBPUSD is making a trianggle 5 wave. Now in the making of wave 4? Stop @1.9430. 1 more up move to 1.96, and finally completing wave down to 1.8790. Please comment.
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02-15-2008, 01:36 PM
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Quote:
Originally Posted by orudy
Mr Wave,
Base on your chart, and look at the weekly 200 ma @1.8790, I think GBPUSD is making a trianggle 5 wave. Now in the making of wave 4? Stop @1.9430. 1 more up move to 1.96, and finally completing wave down to 1.8790. Please comment.
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Can Please post a chart
so we see visually what you are explaining ?
thanx alot .......
/////////////////////////////////////////////////////
( There is always more than one wave-count )
Last edited by marketwavez2; 02-15-2008 at 01:38 PM..
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