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03-05-2008, 02:18 PM
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Join Date: Jan 2008
Posts: 635
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cable
Quote:
Originally Posted by cyberchukky
wave iv is forming now and is expected to retrace b/w 23.6% and 32.8% of wave iii before a push above 1.997 to complete wave v.
when wave v completes i will look for a considerable pull back to reenter my long position.
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I have the same as you Cyber, but not sure we will get much of a pull back hence staying in sometimes is easier rather getting in and out....
cheers
Ray
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03-05-2008, 02:18 PM
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Join Date: Feb 2008
Posts: 138
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Audjpy Thanks Mike,
THANKS A LOT MIKE, I WILL KEEP IN MUND WHAT YOU TAUGHT ME.
IN CHINESE, WE HAVE AN ADAGE, "In the multitude of counselors there is wisdom."
SO .. APPRECIATE YOUR EFFORT TRUELY.
CHAKOW
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03-05-2008, 02:33 PM
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Join Date: Sep 2006
Posts: 39
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Quote:
Originally Posted by WhatCount
I have the same as you Cyber, but not sure we will get much of a pull back hence staying in sometimes is easier rather getting in and out....
cheers
Ray
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yeah Ray, I quite agree with you but with the current volatility of the cable, trading it the guerilla warfare style appeals to me now.
seems the 38.2 % retracement will be hit as the current zigzag pattern plays out
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03-05-2008, 02:39 PM
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Moderator
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Join Date: Jan 2007
Posts: 1,214
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Quote:
Originally Posted by WhatCount
Hi Mike
Good to hear that!!
Looks strong at the moment, i wonder what will it take to get it above 2.00 may be the fed beige book in 1 hr?? We got BOE 2mrw so time to be careful.
Jamies put some stuff on daily fx re cable, still bullish but calling for a test of the 19720....i am not sure when he done this but surely that is invalid since price is now above 199.00??
Jamie if your reading please comment.
Regards
Ray
PS i replied to your email Mike
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Yes, that was this morning before the run-up. At this point, I am looking for entries in the 1.9800/40 zone and 1.5200 for the EURUSD.
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03-05-2008, 03:45 PM
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Join Date: Jul 2005
Posts: 3,734
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Quote:
Originally Posted by cyberchukky
wave iv is forming now and is expected to retrace b/w 23.6% and 32.8% of wave iii before a push above 1.997 to complete wave v.
when wave v completes i will look for a considerable pull back to reenter my long position.
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Hi Chucky .....
I'm trying to follow along
What time frame is the bars of your Gbp/Usd chart
that you just posted just above /,,,,,,,
-------------------------------------------------
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03-05-2008, 04:27 PM
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Join Date: Oct 2005
Posts: 1,606
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Quote:
Originally Posted by marketwavez2
Hi Chucky .....
I'm trying to follow along
What time frame is the bars of your Gbp/Usd chart
that you just posted just above /,,,,,,,
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Is the correction finshed? It certainly appears that way.
Or are we still waiting to see 1.989?
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03-05-2008, 05:27 PM
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Join Date: Jul 2005
Posts: 3,734
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Quote:
Originally Posted by marketwavez2
Hi Chucky .....
I'm trying to follow along
What time frame is the bars of your Gbp/Usd chart
that you just posted just above /,,,,,,,
-------------------------------------------------
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Where is CyberChucky ? ...........
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03-05-2008, 05:41 PM
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Join Date: Oct 2006
Posts: 205
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Quote:
Originally Posted by Big Mike
Is the correction finshed? It certainly appears that way.
Or are we still waiting to see 1.989?
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I'd like to see a restest of 1.9890 where there is a lot of confluence such as 32.8 fib level, top of wave (e) of B of 4 and also a former resistance which now should act as support.
I'm a bit confused though. I went back and cheched Chucky's count for cable and it looks like he's having today's upmove as wave 3 of C where I see wave 5 of C.
Chucky, do you mind posting 1H chart ?
Thanks
Last edited by JimboFX; 03-05-2008 at 05:53 PM..
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03-05-2008, 06:00 PM
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Join Date: Dec 2007
Posts: 1,608
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Aud/jpy
Hey guys,
I think that an expanded flat could still be forming for the wave two correction in AUD/JPY. If so, then it should be just about finished. The 161.8% Fibo of wave one gives us an 817 point target for the wave three decline.
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03-05-2008, 06:16 PM
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Join Date: Dec 2007
Posts: 1,608
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Eur/jpy
Here's another chart of the JPY crosses supporting another little move higher in AUD/JPY. This one is the EUR/JPY. One more high is required to complete wave 'C' of the wave two correction. This upcoming wave three will be a nice trade as well with a target of 885 points (161.8% Fibo).
Happy Trading.
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03-05-2008, 06:27 PM
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Member
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Join Date: Jul 2005
Posts: 3,734
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Gbp/Usd
(4hr bars ) Wave-count
------------------------------------
Special Note :
This chart is dedicated to anyone who has a
bullish heart toward this currency pair going forward......
///////////////////////////////////////////////////////////////
---------------------------------------------------------------
Please excuse me I'm no statesman .....
and besides ,
I don't think the crown will have me called "Sir" anytime soon....  !
So , its time to make a choice , .............
----------------------------------------------------
Any Comments ?
/////////////////////////////////////////////////////////////
Last edited by marketwavez2; 03-05-2008 at 06:31 PM..
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03-05-2008, 06:35 PM
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Member
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Join Date: Dec 2007
Posts: 1,608
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Aud/usd
Well my fourth wave triangle idea went bust today and I missed that nice rally. But not to worry, the bull run is confirmed with five small waves to the upside and a correction should be forming now that will offer a good place to enter this trade. I'm looking to get long at ~0.9300 or so with risk at 0.9215.
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03-05-2008, 07:17 PM
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Posts: 3,734
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Justy where is .9300 that you are speaking of
on your chart just above in the Aud/Usd ?
------------------------------------------------------
there are no price levels on your chart anywhere .... 
We are trying to follow along here :
kindly , can you repost that chart ?
thanx
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03-05-2008, 07:33 PM
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Member
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Join Date: Dec 2007
Posts: 1,608
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Quote:
Originally Posted by marketwavez2
Justy where is .9300 that you are speaking of
on your chart just above in the Aud/Usd ?
------------------------------------------------------
there are no price levels on your chart anywhere ....
We are trying to follow along here :
kindly , can you repost that chart ?
thanx |
0.9300 is near the area where the previous wave four terminated. 0.9215 is the low of wave 1.
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03-05-2008, 08:10 PM
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Join Date: Oct 2005
Posts: 1,606
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Usd Chf
I think that I have an idea, what is happening with USDCHF now, as we are in Wave 4. It looks like a triangle to me; this time I made sure that I am getting all legs in 3 waves, LOL, thanks for pointing it out.
If you guys are long (for once, i am), i will be getting out around 1.04
Mike
Last edited by Big Mike; 03-05-2008 at 08:13 PM..
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