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02-21-2008, 11:30 AM
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Guest Moderator
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Join Date: Sep 2005
Posts: 2,936
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Oil
Quote:
Originally Posted by Jamie Saettele
Yes, this was published a few months ago. It is a monthly chart so keep things in perspective.
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Didn't say it was happening today or even a month from now... Just thought it would be good for all to keep in mind.... 
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02-21-2008, 11:38 AM
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Guest Moderator
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Join Date: Sep 2005
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Usd/Jpy
Keep your eyes peeled on the USD/JPY DAILY CHART for a trend line break to the downside
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02-21-2008, 11:43 AM
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Join Date: Oct 2005
Posts: 1,606
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Quote:
Originally Posted by MAKO232
closed at 14793.... |
I am still in it. I think that we have a little more steam left in this mini run yet, I think that we are still in minute wave 3, see my chart below. Didn't count, how many pips, but visually it looks like around 50-70 pips, before the next leg down, though.
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02-21-2008, 11:44 AM
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Member
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Join Date: Feb 2008
Posts: 138
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Exit eur long position and wonder which level should entry again..
Dear Jamie and all,
Thanks for your advices, I try to figure out my own count, and just exit my eur long position now since it near the up edge of the waves.
But wondering wich level sould entry again?
I plane to enter it again in 1.4760, any advise please?
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02-21-2008, 12:06 PM
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Member
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Join Date: Jan 2006
Posts: 32
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Aud/usd$
Jamie:
With gold toppy, aussie having difficult time staying above 0.92, can we take that wave 5 is over. Comments please.
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02-21-2008, 12:06 PM
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Moderator
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Posts: 1,324
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Quote:
Originally Posted by chakow
Dear Jamie and all,
Thanks for your advices, I try to figure out my own count, and just exit my eur long position now since it near the up edge of the waves.
But wondering wich level sould entry again?
I plane to enter it again in 1.4760, any advise please?
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Just looking at the rally from 1.4614, it is clear that the EURUSD is in a 3rd wave. In other words, this thing is in acceleration mode right now and dips will be shallow if there are any. 1.4780 might be the best that you can hope for if this count is correct.
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02-21-2008, 12:09 PM
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Moderator
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Posts: 1,324
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Quote:
Originally Posted by senthil10
Jamie:
With gold toppy, aussie having difficult time staying above 0.92, can we take that wave 5 is over. Comments please.
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I do not think so. The short term structure shows that the last drop was in 7 waves, which is corrective. The AUDUSD is probably entering a 3rd wave up now. The rally is not over in my opinion.
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02-21-2008, 12:10 PM
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Member
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Join Date: Jan 2008
Posts: 127
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Quote:
Originally Posted by MAKO232
closed at 14793.... |
Seems a bit early to take profit ...... remember to let profits run most important thing is this game..... 75% comes in at 1.4825 ...... when this is taken out there is little in the way for a new high .....
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02-21-2008, 12:16 PM
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Member
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Join Date: Oct 2005
Posts: 1,606
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Quote:
Originally Posted by Big Mike
I am still in it. I think that we have a little more steam left in this mini run yet, I think that we are still in minute wave 3, see my chart below. Didn't count, how many pips, but visually it looks like around 50-70 pips, before the next leg down, though.
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Closed my EURUSD at 1.4812
i don't like pushing my luck, though I know that there is still some wind in it.
I made just over 80 pips, which is more than on some other trades (not counting losses, haha)
Mike
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02-21-2008, 12:30 PM
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Posts: 1,324
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USDJPY (and Yen crosses) are setting up for a big rally -- after a test of 107.
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02-21-2008, 12:31 PM
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Member
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Join Date: Jul 2005
Posts: 4,321
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CRUDE OIL ,
There is no slowdown , is there ?
-----------------------------
China has the worlds largest population with 40 % unemployment
India right next door
- has the 2nd largest population with record unemployment also
This new generation of people are now being plugged into something
they call the internet and is influencing all theses unemployed people to
drive cars , go to the movies , and eat TV Dinners ....
This is the sure thing behavior of
all these unemployed people in the very near future .......
Just because America is sneezing -
Does it mean the rest of the world gets a cold ?
---------------------------------------------------------------
You tell me ....... 
I already know when America blows a fart ,
- it is smelled everywhere in the financial markets -World-Wide
.......Stink up the whole place ........
( Japan 's Nikkei was down a whopping 450 points overnight yesterday )
Japan is always watching the close of the US session from the night before
as this is their benchmark , Its all " Cause -n- Effect "
-------------------------------------------------------------------------
So What of this slow down ......?
------------------------------------------------------------------------
$100 dollar a barrel oil will seem cheap 4 to 5 years from now
no matter who the president of the U.S. is.......
------------------------------------------------------------------------
The trading and haggling oil prices will be driven ultimately
to accommodate all these unemployed people .
---------------------------------------------------------------------
by the way , so you know
Oil is not only used in your car or house -
Oil is in every product you use everyday in some way or fashion
including the packaging of the products that you consume .
making oil the ultimate product for the World Governments
and World Corporations to manipulate for monetary gain ........
Oil is everywhere -
-----------------------------------------------------------------
Crude Oil .....( Weekly Bars )
" End of Wave 4 " since Feb 07 --- Major Support , Just 1 year ago
See chart posted below
////////////////////////////////////////////////////////////////////////////////
[IMG]http://i30.tinypic.com/2rdyd5f.jpg[/IM]
Last edited by marketwavez2; 02-21-2008 at 01:04 PM..
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02-21-2008, 12:47 PM
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GBPJPY: It's time to jump on this ship...entering 3 of C. Price should remain above 208.76. Target is 217 area.
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02-21-2008, 01:02 PM
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Member
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Join Date: Jan 2008
Posts: 635
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cable
Jamie all others
I really need some help here for cable,
I entered a short earlier today, trying to fade the rally.....
needless to say under water big time now...
Jamie you mentioned that one more high to be registered, before a retrace.
Question has that high been registered?
Do you or anyone feel that we will see 19500 or lower anytime soon?
Brad i remember your count you are the bear on this can you help on a short term count please.
Any help here would be greatly apreicated..
regards
Whatcount
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02-21-2008, 01:08 PM
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Member
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Join Date: Jan 2008
Posts: 127
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Quote:
Originally Posted by WhatCount
Jamie all others
I really need some help here for cable,
I entered a short earlier today, trying to fade the rally.....
needless to say under water big time now...
Jamie you mentioned that one more high to be registered, before a retrace.
Question has that high been registered?
Do you or anyone feel that we will see 19500 or lower anytime soon?
Brad i remember your count you are the bear on this can you help on a short term count please.
Any help here would be greatly apreicated..
regards
Whatcount
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I'm not sure we will see a big correction ..... as euro is also moving up stongly and will soon continue.
Did you not place a stop when you entered the trade ?
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02-21-2008, 01:11 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,324
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Quote:
Originally Posted by WhatCount
Jamie all others
I really need some help here for cable,
I entered a short earlier today, trying to fade the rally.....
needless to say under water big time now...
Jamie you mentioned that one more high to be registered, before a retrace.
Question has that high been registered?
Do you or anyone feel that we will see 19500 or lower anytime soon?
Brad i remember your count you are the bear on this can you help on a short term count please.
Any help here would be greatly apreicated..
regards
Whatcount
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I wrote earlier that in a bull market, you can only be long or very long. It is a bull market now for Cable so dips should be bought. Exactly when that dip happens I dont know but as I mentioned, I will let you know as best I can when I am adding to the position
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