|
|
 |
|
03-06-2008, 12:14 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by justy10125
Hey guys,
Here's a possibility for AUD/USD. Wave two may be complete and price could be turning higher now. It looks like wave two could have been a flat correction. Wave C ended right in the territory of the previous wave four of one lesser degree.
Any thoughts?
|
I like your thinking.
I am also long AUDUSD; it was a little bumpy this morning.
Wave 3 should start anytime now.
Mike
|
03-06-2008, 12:17 PM
|
 |
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
Us Dollar
Usd/Chf - wave-count
Us Dollar is Oversold ...... Very Oversold ! ................ 
/////////////////////////////////////////////////////////////////
- May now be making an End of Wave 5 Low
-----------------------------------------------------------
Only a Probability ! ................. Not Cast in Stone !
-----------------------------------------------------
|
03-06-2008, 12:23 PM
|
|
Member
|
|
Join Date: Jan 2008
Posts: 635
|
|
|
cable
Quote:
Originally Posted by Jamie Saettele
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.
|
Hi Jamie
Yes i thought so, so it would be nice to see how your calling this now....
regards
Ray
|
03-06-2008, 12:27 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by justy10125
Hey guys,
Here's a possibility for AUD/USD. Wave two may be complete and price could be turning higher now. It looks like wave two could have been a flat correction. Wave C ended right in the territory of the previous wave four of one lesser degree.
Any thoughts?
|
Here is , what i am getting for AUDUSD on the 5 min chart.
|
03-06-2008, 12:36 PM
|
|
Moderator
|
|
Join Date: Jan 2007
Posts: 1,230
|
|
|
Hey everyone...sorry I haven't been around. Things have been so busy. Anyway, I want to alert everyone to an opportunity in AUDUSD. I think that a 4th wave ended at .9218 and that the AUDUSD is on its way to a new high to complete the entire rally from 2001.
|
03-06-2008, 12:38 PM
|
 |
Member
|
|
Join Date: Jan 2008
Posts: 23
|
|
Aud/usd
Hi,
I am looking to get strongly long in AUD as many have discussed its bullish count here.
But given that GOLD seems to be topping, I have put together a bearish count here, so now I am waiting for further price movement to see what to do next.
Please feel free to comment or point out any labelling errors.
Thanks.
|
03-06-2008, 12:52 PM
|
|
Moderator
|
|
Join Date: Jan 2007
Posts: 1,230
|
|
Quote:
Originally Posted by fxsingh
Hi,
I am looking to get strongly long in AUD as many have discussed its bullish count here.
But given that GOLD seems to be topping, I have put together a bearish count here, so now I am waiting for further price movement to see what to do next.
Please feel free to comment or point out any labelling errors.
Thanks.
|
If you are trading AUDUSD, then the most important chart is the AUDUSD, not gold. While I understand your concern, gold can continue to rally. I have said many times in this forum that commodities and currencies reverse after blow-off moves. These can be crazy moves. For example, gold rallied from 600 to over 800 in 2 days in 1979! That was the top. I would not be the least surprised to see something like that happen here. I am not saying that it will happen, but it is certainly in the realm of probable scenarios.
|
03-06-2008, 01:15 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by fxsingh
Hi,
I am looking to get strongly long in AUD as many have discussed its bullish count here.
But given that GOLD seems to be topping, I have put together a bearish count here, so now I am waiting for further price movement to see what to do next.
Please feel free to comment or point out any labelling errors.
Thanks.
|
If you allow me to comment and please, no offence.
From looking at your chart, I do not see any charting errors, but I do not have as much experience in EW like other guys on this forum, so I do not consider myself an oracle by any means.
However, on the bigger picture scale AUDUSD looks bullish. i atached chart from the low in 2001, you can clearly see bullish advance.
If you blow this chart up from monthly to weekly to daily etc you will see that bullish argument is much stronger than bearish on all intervals of time.
Is this a valid argument? For me, it is.
But, anybody else, please comment; thanks in advance
Mike
|
03-06-2008, 01:15 PM
|
|
Member
|
|
Join Date: Aug 2006
Posts: 221
|
|
Ok, well I can't even muster up enough worth to get them to change the Thread title to the properly spelled name. Oh well.
Here's my first chart of the day. USDCAD!
|
03-06-2008, 01:35 PM
|
|
Member
|
|
Join Date: Aug 2006
Posts: 221
|
|
|
2nd chart of the day. I'd be careful with this one. If we break the critical level then I'd start sniffing out a triangle!
|
03-06-2008, 01:38 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by AdrianEI
Ok, well I can't even muster up enough worth to get them to change the Thread title to the properly spelled name. Oh well.
Here's my first chart of the day. USDCAD!
|
nice chart, Adrian
(Guys, If you double click, it will open in new window, much larger)
|
03-06-2008, 01:46 PM
|
|
Member
|
|
Join Date: Aug 2006
Posts: 221
|
|
2nd chart of the day upped again.
|
03-06-2008, 01:48 PM
|
|
Member
|
|
Join Date: Aug 2006
Posts: 221
|
|
3rd chart ..here's USDJPY
|
03-06-2008, 02:16 PM
|
|
Member
|
|
Join Date: Jan 2008
Posts: 23
|
|
Quote:
Originally Posted by Big Mike
If you allow me to comment and please, no offence.
From looking at your chart, I do not see any charting errors, but I do not have as much experience in EW like other guys on this forum, so I do not consider myself an oracle by any means.
However, on the bigger picture scale AUDUSD looks bullish. i atached chart from the low in 2001, you can clearly see bullish advance.
If you blow this chart up from monthly to weekly to daily etc you will see that bullish argument is much stronger than bearish on all intervals of time.
Is this a valid argument? For me, it is.
But, anybody else, please comment; thanks in advance
Mike
|
Hi Mike and Jamie,
Well, I agree with you on that. On the longer term charts, such as the one posted by Jamie, it is very clear that another wave up is required to complete wave 5 from 0.9218.
I just posted the chart as a possibility seen on the 60 min chart. Actually I am looking to get long if AUD manages to hold above 0.9218.
Regards.
|
03-06-2008, 02:27 PM
|
|
Member
|
|
Join Date: Aug 2006
Posts: 221
|
|
Quote:
Originally Posted by fxsingh
Hi Mike and Jamie,
Well, I agree with you on that. On the longer term charts, such as the one posted by Jamie, it is very clear that another wave up is required to complete wave 5 from 0.9218.
I just posted the chart as a possibility seen on the 60 min chart. Actually I am looking to get long if AUD manages to hold above 0.9218.
Regards.
|
I wouldn't throw out your wave count on bears yet. I agree with that wave count 100% A new low will confirm my count and it's bear central. That's one heck of a wave-2 don't you think? ......
|
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
