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08-03-2008, 11:53 AM
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Join Date: Dec 2007
Posts: 1,625
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USD/JPY - Stuck in the Middle
The USD/JPY is at an interesting place right now. With the USD gaining strength against the rest of the majors, the USD/JPY should theoretically strengthen as well. However, the JPY crosses are setting up for a bout of weakness so we should therefore also see the USD/JPY weaken with them. Because of this, the triangle idea in the USD/JPY is looking better and better. With the USD strengthening and the JPY crosses weakening, the USD/JPY could stay range-bound for a while and a triangle pattern is a good way to accomplish that.
This week we could see the USD/JPY chop lower in a triangle wave (C). The EUR/USD and USD/CHF are both due for a wave two correction, which would be a period of USD weakness. That weakness in the USD should show up in the USD/JPY as well, giving it the fuel to move lower in that triangle wave (C).
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08-03-2008, 07:31 PM
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EURUSD
Holding to an improbable corrective count, bullish, the euro nevertheless puts in what could be a tweezers bottom, to use candlestick expressions.
See the chart for your amusement, but don't ask for the full wave count because I am not going to post it! Work it out for yourself. 
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08-04-2008, 03:39 AM
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Join Date: Mar 2008
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Quote:
Originally Posted by justy10125
Hey Guys,
Here's a setup I'll be watching going into this week. The USD/CHF has five waves up, so once we see a top in place I'll be looking to buy any pullbacks into fib support.
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I also have a bullish bias for this pair, though I see a slightly different count.
USD/CHF 4 hr
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08-04-2008, 09:20 AM
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USDCAD
Hi all,
My possible wave count for USDCAD pair.
Your feedbacks are welcome.
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08-04-2008, 10:56 AM
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USDCAD wave count in smaller time frame.
Most probably pair will retrace in abc waves, before moving in more upward direction.
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08-04-2008, 02:06 PM
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Just a reminder, there is no pitching of your own service allowed here. Those that do advertise their own service will be banned from the forum. On to trading, I expect USD for much of the week. Charts coming.
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08-04-2008, 02:23 PM
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expect the eurusd to exceed 1.5699 this week
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08-04-2008, 02:25 PM
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Quote:
Originally Posted by bluebottle
USDCAD wave count in smaller time frame.
Most probably pair will retrace in abc waves, before moving in more upward direction.
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Hi Bluebottle,
Welcome to the forum!
I think we're all in agreement with the longer term count you presented for the USD/CAD. That's a setup everyone has been waiting for for quite a long time now. Now that we've finally seen the breakout, price should be bullish for the next several weeks.
Below is another count for the short term price action in the USD/CAD. I can see at least a few different ways to count the waves so far. The one below is the most bullish and is calling for higher prices before any decent size correction. We won't know for sure how this wave is unfolding until it's done, but the idea is definitely to be bullish.
Given the wave structure in the other pairs, I am also thinking this wave in USD/CAD is finished and counts the way that you presented earlier. But, if price does continue to rally this is an alternate I'm keeping in mind.
Last edited by justy10125; 08-04-2008 at 02:29 PM..
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08-04-2008, 02:27 PM
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Wave D of the triangle in the GBPUSD is nearing completion
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08-04-2008, 02:47 PM
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Join Date: Jul 2008
Posts: 4
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Need some help
Hi All
Is my wave count correct ? i'm still studying in Ew theory.i saw some pretty impressive work has been done here at the thread.specialy from the Thread admin(Jamie Saettle).i would really appreciate if somebody can help me out with this .Below you will find my chart.
Thank you .all
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08-04-2008, 03:47 PM
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Join Date: Aug 2008
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GBP/USD
Hi,
I'm just studying the EW-Theory. I have read the book by Robert Prechter which says that a 5 wave triangle correction like Jamie Saettele just postet of the GBP/USD consist of 3-3-3-3-3 waves. Could somebody please give me an idea of the subwave count? That would be very nice.
Thanks
Whity
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08-04-2008, 03:59 PM
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AUDNZD
I saw Jaime throw up a chart of AUDNZD in here a while back labeling this huge triangle on the monthly chart as a wave 4.. However from the look of this triangle .. It looks like a barrier triangle that will eventually break out to the down side.. I think we could be in a Wave "E" triangle throw over right now... It will take some time to see who is right.. But clearly this triagle looks like a Barrier triangle so my bias must remain for more down side... Price must remain under 1.3538 for this count to stay valid..
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08-04-2008, 04:33 PM
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Could please somebody help me with the subwave counting of the GBPUSD Chart with the 5 wave triangle correction just posted by Jamie? I thouhgt subwaves would be counted by a 3-3-3-3-3 subwave sequence but I can't find this on the charts. Thanks!
Whity
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08-04-2008, 04:52 PM
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GBPUSD
Here are a few possibilities for the GBPUSD weekly chart...
Last edited by brad_1199; 08-04-2008 at 04:57 PM..
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08-04-2008, 05:07 PM
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Guest Moderator
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Quote:
Originally Posted by White-Fang
Could please somebody help me with the subwave counting of the GBPUSD Chart with the 5 wave triangle correction just posted by Jamie? I thouhgt subwaves would be counted by a 3-3-3-3-3 subwave sequence but I can't find this on the charts. Thanks!
Whity
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WHITE FANG I believe this is the count Jaime is following for GBPUSD
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