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03-03-2008, 08:37 AM
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Join Date: Oct 2005
Posts: 1,606
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Quote:
Originally Posted by orudy
Big Mike,
I like your analysis. Seems the Euro economy match to your scenario. Here I also post the CHF. Seems if euro going to 1.7091, usd chf will further go down to 1900point as well from current 1.0397. Because USDCHF is juat a mirror of EUROUSD like these two charts shows.
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Orudy,
You are right; EURUSD and USDCHF are a mirror reflection of each other. It is quite amazing that almost every peak and valley are identical in mirror symetry fashion.
However, we have to be careful. USDCHF seems overextended now and is due for a correction. Market posted a message here on the weekend showing that a wave 4 up will be starting soon.
So, we might lose this perfect mirror reflection for some time.
Mike
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03-03-2008, 10:03 AM
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Very possible that the GBPUSD is completing a triangle right now. The bull move that is expected would probably test at least 2.01
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03-03-2008, 10:57 AM
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Join Date: Dec 2007
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Eur/chf
Hi Jamie,
What do you think about EUR/CHF? I see one more decline below 1.5695 completing the entire five wave decline that began back in October.
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03-03-2008, 11:04 AM
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Join Date: Feb 2008
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Quote:
Originally Posted by Jamie Saettele
Very possible that the GBPUSD is completing a triangle right now. The bull move that is expected would probably test at least 2.01
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Hi jamie,
Is there any point(or stop) that could be change the shortterm out look. you mention in Top Currency Trading Ideas 1.9807 so close (where we can stop out our long in case worse conditon). I tade this pair with low confidence.
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03-03-2008, 11:05 AM
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That looks reasonable to me. That might complete a larger A-B-C decline from 1.6686.
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03-03-2008, 11:06 AM
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Eur/chf
That fourth wave correction could be complete as well. Of course five waves to the downside will confirm this, but the decline may be underway now.
EUR/CHF and EUR/JPY are trading pretty much in lockstep, and it looks to me like EUR/JPY is headed lower again.
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03-03-2008, 11:09 AM
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Quote:
Originally Posted by Jamie Saettele
That looks reasonable to me. That might complete a larger A-B-C decline from 1.6686.
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I didn't look back far enough to realize that could be an expanded flat on the EUR/CHF. Looks like a good buy opportunity here in the next week or two.
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03-03-2008, 11:21 AM
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Nzd Usd
Hello guys
Here is my count for NZDUSD.
My target will be close to 0.78
Mike
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03-03-2008, 11:28 AM
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Join Date: Aug 2007
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eurchf
Quote:
Originally Posted by justy10125
Hi Jamie,
What do you think about EUR/CHF? I see one more decline below 1.5695 completing the entire five wave decline that began back in October.
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Heya, justy!
Enjoying your counts as usual.
My only problem with this is the wave 'i' which I see as in three waves. For me as an alternate the i-ii is still a "d-e" fromt he triangle that ends thw w-x-y complex for the bigger 4th since the october.
This interpretation comes from how it worked on the EURJPY excellent for me - bigger picture both pair were tracing out similar patterns since january lows, but the ending on 26-feb was with a new high in EURJPY, while with a failure in the e wave for EURCHF.
In that case, we might have had all of the push in one straight line. That's an alternate i consider in the EURCHF.
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03-03-2008, 11:39 AM
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Quote:
Originally Posted by Picolo
Heya, justy!
Enjoying your counts as usual.
My only problem with this is the wave 'i' which I see as in three waves. For me as an alternate the i-ii is still a "d-e" fromt he triangle that ends thw w-x-y complex for the bigger 4th since the october.
This interpretation comes from how it worked on the EURJPY excellent for me - bigger picture both pair were tracing out similar patterns since january lows, but the ending on 26-feb was with a new high in EURJPY, while with a failure in the e wave for EURCHF.
In that case, we might have had all of the push in one straight line. That's an alternate i consider in the EURCHF.
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Yeah that looks pretty good. What's your view of the daily charts? Do you think the rally off 1.5695 is the start of a new bull run?
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03-03-2008, 11:40 AM
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eurjpy
first leg of the bigger move over in eurjpy? time to trace out the correction? thats a 60 min chart.
can easily make another low though cause an extension within an extension can always occur...
thoughts?
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03-03-2008, 12:00 PM
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EUR/JPY possible terminus
A quite posible end for the current small five wave advance could be the 158.00 - 158.20 area. As you can see this area is guarded by the presence of the
1) 200MA
2) a 38.2% retracement
3) a 0.68 extension of wave 1 through wave 3.
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03-03-2008, 12:01 PM
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eurusd
quite the same as Jamie's, except now looks like a possibility the rally today was in a b wave of an expanded correction. the elliot channel comes into play nicely around these levels tomorrow, so might be a nice buy with the channel line, the wave interpretation and the recent support, which could give way slightly, for the eur to reverse right after that.... that's if this one is anywhere close to being true.
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03-03-2008, 12:19 PM
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euro-swiss
Quote:
Originally Posted by justy10125
Yeah that looks pretty good. What's your view of the daily charts? Do you think the rally off 1.5695 is the start of a new bull run?
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Not sure, must say. Cause I'm not sure about where this 5 wave fits in the bigger picture. But a weekly like this one is possible, right? Question then is if we're actually not in for a real chf and yen rally... and it is easily possible this low is actually not a low for the run since october, but just a beginning still... lots of possibilities... so I'll only see when the rally that's now taken place will hold for a while....
I must say I'm not trading the EURCHF, almost never, but just keeping track of everything to have a feel....
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03-03-2008, 12:26 PM
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eurchf
the bigger eurchf expanded flat idea is quite sick. i like it. wasnt looking that far back and that close to it, certainly possible.
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