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03-04-2008, 10:05 AM
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Join Date: Aug 2007
Posts: 174
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eurjpy
Quote:
Originally Posted by MAKO232
Hi Picolo,
this is my count on the medium term.... target in area 165xx
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I guess I'm a bit more bearish the yen crosses and carry trades as such - without even looking at waves, when I take a look at a chart, everything that's been going down lately - has gone easy, everything going up - has been a struggle. I usually start from there... I have for a long time been counting your b of the triangle as a truncated 5th wave, cause it internally looks like a 5 wave move. Jamie has come back to that same interpretation lately, although we were discussing it quite some time ago as well... Therefore, I am looking at sub-150 levels soon and for now I am feeling quite well with that interpretation.
Picolo
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03-04-2008, 12:01 PM
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Join Date: Jan 2008
Posts: 127
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Eurusd
The failiure of the EURO at 1.5249 makes me wounder that we might get a larger downward correction ..... if we look at olie this is certainly the case.
any views out there ?
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03-04-2008, 12:14 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,341
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Quote:
Originally Posted by danishfx
The failiure of the EURO at 1.5249 makes me wounder that we might get a larger downward correction ..... if we look at olie this is certainly the case.
any views out there ?
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Maybe...if price fails to remain above 1.5173, then a correction back to 1.5074 seems likely.
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03-04-2008, 12:25 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,341
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Quote:
Originally Posted by Jamie Saettele
Maybe...if price fails to remain above 1.5173, then a correction back to 1.5074 seems likely.
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Do not forget that this is a 4th wave though...so a triangle is also a possibility.
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03-04-2008, 12:34 PM
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Join Date: Jan 2008
Posts: 30
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Aud/usd
Hi jamie
where do u see a possible support for AUD. Am looking to enter @.9235
regards
jewel
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03-04-2008, 12:48 PM
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Join Date: Oct 2005
Posts: 1,606
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Are we still bullish on AUDUSD?
Leg A was 230 pips, leg B 150 pips, leg C also 230 pips? Which should put it at around 0.919?
Any comments?
Mike
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03-04-2008, 12:56 PM
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Member
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Join Date: Dec 2007
Posts: 1,625
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Eur/aud
The EUR/AUD is moving higher quite nicely now. The wave count is clear and the profit potential is pretty good.
The currencies are swing trader's paradise right now. There seem to be great setups all across the board. Exciting times!
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03-04-2008, 01:03 PM
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Member
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Join Date: Jan 2008
Posts: 49
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Quote:
Originally Posted by Picolo
I guess I'm a bit more bearish the yen crosses and carry trades as such - without even looking at waves, when I take a look at a chart, everything that's been going down lately - has gone easy, everything going up - has been a struggle. I usually start from there... I have for a long time been counting your b of the triangle as a truncated 5th wave, cause it internally looks like a 5 wave move. Jamie has come back to that same interpretation lately, although we were discussing it quite some time ago as well... Therefore, I am looking at sub-150 levels soon and for now I am feeling quite well with that interpretation.
Picolo
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 Thanks ....
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03-04-2008, 01:05 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,341
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Quote:
Originally Posted by Jewel
Hi jamie
where do u see a possible support for AUD. Am looking to enter @.9235
regards
jewel
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Great question......I am watching this one like a hawk because I want to plow into a big long soon. Support should be at either .9185 or .9112. These are fibo levels (50 and 61.8).
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03-04-2008, 01:08 PM
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Member
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Join Date: Jan 2008
Posts: 141
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Quote:
Originally Posted by Picolo
I guess I'm a bit more bearish the yen crosses and carry trades as such - without even looking at waves, when I take a look at a chart, everything that's been going down lately - has gone easy, everything going up - has been a struggle. I usually start from there... I have for a long time been counting your b of the triangle as a truncated 5th wave, cause it internally looks like a 5 wave move. Jamie has come back to that same interpretation lately, although we were discussing it quite some time ago as well... Therefore, I am looking at sub-150 levels soon and for now I am feeling quite well with that interpretation.
Picolo
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Dear Picolo,
I totally agree with you on the EUR/JPY.It should go down fast.There is one possibility to see an upward move to 158.50 but it will be another good opportunity for a short trade. Do you have a target for the downward move?
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03-04-2008, 01:10 PM
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Member
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Join Date: Dec 2007
Posts: 1,625
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Aud/usd
Quote:
Originally Posted by Big Mike
Are we still bullish on AUDUSD?
Leg A was 230 pips, leg B 150 pips, leg C also 230 pips? Which should put it at around 0.919?
Any comments?
Mike
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Hey Mike,
The daily chart of AUD/USD is still very bullish. One more high is required to complete the bull run from 0.8511.
The short term picture looks better in the Kiwi to me, so that's the chart I attached. It looks like we should get one more small low below 0.7955 to complete wave c and larger 2. AUD/USD is basically the same.
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03-04-2008, 01:22 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 Jamie Saettele
Great question......I am watching this one like a hawk because I want to plow into a big long soon. Support should be at either .9185 or .9112. These are fibo levels (50 and 61.8).
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Similarly, how do you see NZDUSD?
Is this Leg C forming now? How low will it go?
Will the support at Leg A (0.7921) hold or are we going to see leg C all the way down to 0.78?
Mike
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03-04-2008, 01:42 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 justy10125
Hey Mike,
The daily chart of AUD/USD is still very bullish. One more high is required to complete the bull run from 0.8511.
The short term picture looks better in the Kiwi to me, so that's the chart I attached. It looks like we should get one more small low below 0.7955 to complete wave c and larger 2. AUD/USD is basically the same.
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Thanks, Justy
Ignore my message below yours, which i posted just after yours, i guess.
So you look at this present decline as being Wave 2 of a bull run, and NOT continuation of Leg C (bear).
(At this moment i am ambivalent; just closed my long NZDUSD at a loss and watching any new developments)
Mike
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03-04-2008, 01:42 PM
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Member
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Join Date: Dec 2007
Posts: 1,625
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Aud/usd
EW states that corrections, especially if they are fourth wave corrections, tend to retrace into the span of travel of the previous fourth wave of one lesser degree. Price has traded down to the previous fourth wave today, so the larger retracement could be nearing an end. I think one more pop lower will wrap things up and give way to the reversal.
Last edited by justy10125; 03-04-2008 at 01:49 PM..
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03-04-2008, 02:02 PM
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Member
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Join Date: Jul 2005
Posts: 4,488
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Quote:
Originally Posted by marketwavez2
.................................................. ...............................-
the Euro/Usd may start to consolidate over the next 2-3 trading days
Here is your precious Euro .......Chart Update :///////////
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Only a Probability ! ............ Not Cast in Stone ...........
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You see , it's now in a range .............. 
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