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04-01-2008, 10:31 AM
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wavec(C) ogf EUR?
Anyways from trading prospective since wave (A) of X was in five waves we could expect wave (B) to be in three and a long at the bottom of (B) somewhere between 50% and 61.8% retracement might be a good idea with a tight stop of course.[/quote]
Hi Jimbo,
May I ask your reason to suggest long EUR around 50% and 61.8% ?
are you bet wave c of EUR will test the new high again?
BTW, have you read jammie's tech report today? May I ask your comment on that bear EUR count?
Regards,
Chakow
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04-01-2008, 10:48 AM
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Wow ! ............. Success !
ALL TARGETS HAVE BEEN REACHED TODAY ..... 
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Gbp/Usd
///////////////////////////////////////////////////////////////////
- Results form Trade set-up from last week
This was posted in here early for all to see on Fri 3/28/08
- Price action appeard to be moving towards an End of Wave C low .
////////////////////////////////////////////////////////////////////////////
Original Post : Post # 5215
Click Here
http://www.learncurrencytrading.com/fxforum/showthread.php?t=13880&page=348
The Gbp/Usd- price entry of 9900 was triggered
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............ Gain of 130 points today...............
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NO HINDSITE , NO OSCILLATORS , NO NEWS , & NO MEETINGS
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It's all in the chart's ...............
Last edited by marketwavez2; 04-01-2008 at 11:02 AM..
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04-01-2008, 11:03 AM
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Hi Marketwavez2
I have been following your charts carefuly as found every interesting. thanks for sharing your views..
Keep it up
regards
Jewel
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04-01-2008, 11:06 AM
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Quote:
Originally Posted by chakow
Anyways from trading prospective since wave (A) of X was in five waves we could expect wave (B) to be in three and a long at the bottom of (B) somewhere between 50% and 61.8% retracement might be a good idea with a tight stop of course.
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Hi Jimbo,
May I ask your reason to suggest long EUR around 50% and 61.8% ?
are you bet wave c of EUR will test the new high again?
BTW, have you read jammie's tech report today? May I ask your comment on that bear EUR count?
Regards,
Chakow[/quote]
Chakow did you read it yet ? ........Did you retry yet ?
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Last edited by marketwavez2; 04-01-2008 at 11:33 AM..
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04-01-2008, 11:38 AM
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Quote:
Originally Posted by Jewel
Hi Marketwavez2
I have been following your charts carefuly as found every interesting. thanks for sharing your views..
Keep it up
regards
Jewel
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Thank you Jewel , are you new to Learning the Waves ?
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04-01-2008, 11:45 AM
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Hi Market, I have tried it and read your post
Hi Market,
I read your article and try to download the software from the website you gave me. May be I am poor on PC skill(so sorry ) , I fail to download it in my office computer.
I try to print screen , want to catch my chart and past on the painter but fail also. .. even I try the FXCM chart , the outcome is the same.
I ill keep trying and promise will practice it on the weekend.
sorry let you worry, I am a stupid girl 
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04-01-2008, 12:02 PM
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Quote:
Originally Posted by WhatCount
Hi Jimbo
I am following the count below! I have it as 5 complete, or aleast i hope so!
Is there anyone who would like to comment on both these count? Jimbo is there any other reason that wave 5 may not be complete? Nice to have differnt counts to compare.
Let me know your thoughts.
thanks
Ray
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Ray, the difference between our counts is wave i and ii on your chart compared to mine a-b-c in 4. From there my pattern is uncompleted suggesting one more leg is needed. The area I'm watching is the previous wave 4 of smaller degree around 0.7750. If we get a bounce there then there is a good probability the pair would make a new high above 0.8000 which was something I was expecting in the first place.
But all depends how the euro will perform for the time being.
Maybe someone else will have a count we can take a look at ?
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04-01-2008, 12:05 PM
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Quote:
Originally Posted by JimboFX
Ray, the difference between our counts is wave i and ii on your chart compared to mine a-b-c in 4. From there my pattern is uncompleted suggesting one more leg is needed. The area I'm watching is the previous wave 4 of smaller degree around 0.7750. If we get a bounce there then there is a good probability the pair would make a new high above 0.8000 which was something I was expecting in the first place.
But all depends how the euro will perform for the time being.
Maybe someone else will have a count we can take a look at ?
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....... I will have a look at it and get back to you .....
Last edited by marketwavez2; 04-01-2008 at 12:12 PM..
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04-01-2008, 12:09 PM
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Gbp/Usd
( Elliott Waves Formation )
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Wave" C " Low
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04-01-2008, 12:11 PM
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EUR/GBP Waves
Quote:
Originally Posted by JimboFX
Ray, the difference between our counts is wave i and ii on your chart compared to mine a-b-c in 4. From there my pattern is uncompleted suggesting one more leg is needed. The area I'm watching is the previous wave 4 of smaller degree around 0.7750. If we get a bounce there then there is a good probability the pair would make a new high above 0.8000 which was something I was expecting in the first place.
But all depends how the euro will perform for the time being.
Maybe someone else will have a count we can take a look at ?
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Hi Jimbo
i agree alot will depend on how the EUR goes! i am working on a short term hourly count on EURGBP and I think we are about start v of 3. i'll watch that area around the .7750.
yes would be good to see if anyone else has a different count.
Ray
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04-01-2008, 12:23 PM
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Quote:
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Originally Posted by Chakow
Hi Jimbo,
May I ask your reason to suggest long EUR around 50% and 61.8% ?
are you bet wave c of EUR will test the new high again?
BTW, have you read jammie's tech report today? May I ask your comment on that bear EUR count?
Regards,
Chakow
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Chakow, I'm with Jamie on that one. If you read my post on the bigger picture I see the recent move as W-X-Y correction. What I was saying yesterday is on a smaller time frame wave X is somehow uncompleted thus I expect retest of the highs. But that is a short term high risk trade and I wouldn't suggest anyone taking it.
Last edited by JimboFX; 04-01-2008 at 12:26 PM..
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04-01-2008, 01:50 PM
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Quote:
Originally Posted by marketwavez2
Thank you Jewel , are you new to Learning the Waves ?
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yes. I am new to learning wave.
rgds
Jewel
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04-01-2008, 02:15 PM
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Thanks and appreciate your comment
Quote:
Originally Posted by JimboFX
Chakow, I'm with Jamie on that one. If you read my post on the bigger picture I see the recent move as W-X-Y correction. What I was saying yesterday is on a smaller time frame wave X is somehow uncompleted thus I expect retest of the highs. But that is a short term high risk trade and I wouldn't suggest anyone taking it.
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Hi Jimbo,
Many thanks for your reply. I do not take a long position since the trend is down
It's difficult of me of finding some complex correction like xyw,
hope someday I can have a good eye like you.
chakow
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04-01-2008, 02:36 PM
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entry timing question_what will you do?
Hi all,
I have question and hope somebody can share your comment.
In the long time, I always feel difficult to make dicision if the short term count and long term count not so match.
take eur as example, based on 15 min chart, this pair is in 3 of 3 , so I should keep my short position overnight and add short size, however, if we see the H1 chart, my count is eur just finished the wave1 with 5 subwaves, that means I will suffer wave 2 rebound if I not unwind my short position.
I wonder if you were me, what will you do ? unwind your position or add your position?
please do not tell me it all about probability and profit loss ratio, in Eur case, we all know wave 2 could be rebound lots of pips and the bear trend still valid.
any one have some guideline to solve such kind of problem?
appreciate your sharing view.
regards,
chakow
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04-01-2008, 04:42 PM
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Quote:
Originally Posted by Jewel
yes. I am new to learning wave.
rgds
Jewel
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Did you read some of the pryor posts in here yet about where
is a good place to start ? ...........
//////////////////////////////////////////////////////////////////////
There has some good conversation in here about getting started
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