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10-14-2008, 01:48 PM
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Nzd/Usd
Here's a look at what may be occurring ..... 
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Only a Probability ................ Not cast in stone !
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10-14-2008, 01:58 PM
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Tank EURCAD
Quote:
Originally Posted by tank
Brad, do you have an update of the EURCAD play? It's being bumped around 300+ pips
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I have no change to what I have said about EURCAD previously.. I think it's going to go sky high sooner or later.. And this 300+ pip "bumping around" you see... The volatility is just beginning... |
10-14-2008, 02:18 PM
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GRIN...
Quote:
Originally Posted by Grin
I've been doing essentially the same thing, Brad. I exited my hedges @ 102.8 and will now sit on my shorts during this consolidation period. Looking at the calendar there appear to be significant market moving fundamentals that could jar the USDJPY out of congestion Wed, Thurs and a bit on Fri. I notice too, that EURJPY has fallen back in step with USDJPY so I may short that pair if 103 holds in the latter.
I'm new to EW but it appears that a move beyond 103.522 will negate the count we are working from and my stops are just beyond there. Is my thinking correct?
Thanks to all here, you're helping me immensely.
Grin  |
Grin what I think is there is a lot of volatility in the market and maybe price can reach 103.50 very briefly... Although I have previously stated that I think risk can now be contained to 103.40, it may get into that vicinity, but I don't think the probabilities are good that it will... When playing around in such volatile markets it's good to keep wider stops so you protect yourself from adverse volatile swings that may catch your stop..
Although I don't think 103.40 will be touched.. For added protection my stop is still higher (sitting at 105.20 above the high of last week) And I also keep an eye things as well, If I see it moving against me I look to hedge.
A breach of 103.50 negates nothing... Only a breach of 108.02 negates the count I'm looking at.. And I deffinately don't see price coming anywhere near there ever again..
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10-14-2008, 02:52 PM
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Usd/Nzd
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Close the Ga-P ?
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Last edited by marketwavez2; 10-14-2008 at 02:56 PM..
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10-14-2008, 02:58 PM
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Quote:
Originally Posted by brad_1199
Grin what I think is there is a lot of volatility in the market and maybe price can reach 103.50 very briefly... Although I have previously stated that I think risk can now be contained to 103.40, it may get into that vicinity, but I don't think the probabilities are good that it will... When playing around in such volatile markets it's good to keep wider stops so you protect yourself from adverse volatile swings that may catch your stop..
Although I don't think 103.40 will be touched.. For added protection my stop is still higher (sitting at 105.20 above the high of last week) And I also keep an eye things as well, If I see it moving against me I look to hedge.
A breach of 103.50 negates nothing... Only a breach of 108.02 negates the count I'm looking at.. And I deffinately don't see price coming anywhere near there ever again..
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Thanks Brad, |
10-14-2008, 04:11 PM
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GBP?USD
Speaking of Gaps.
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10-14-2008, 06:22 PM
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I don't love pippin right now.
I had a short on EURUSD with a stop at 3690.
The price reached 3689 and took out my stop. Then in went down to 3585 and instead of booking a nice profit I am now looking at a loss.
How can a stop be taken out when the price is not even reached? Don't tell me spread, because that should be taken into consideration.
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10-14-2008, 06:39 PM
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Quote:
Originally Posted by Ilovepippin
I don't love pippin right now.
I had a short on EURUSD with a stop at 3690.
The price reached 3689 and took out my stop. Then in went down to 3585 and instead of booking a nice profit I am now looking at a loss.
How can a stop be taken out when the price is not even reached? Don't tell me spread, because that should be taken into consideration.
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this sounds like a question to call and ask your broker about.... |
10-14-2008, 07:58 PM
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USDJPY Daily Chart
Here's what I think is going on with the Daily chart of USDJPY
Last edited by brad_1199; 04-08-2009 at 11:10 PM..
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10-14-2008, 08:10 PM
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Quote:
Originally Posted by Ilovepippin
I don't love pippin right now.
I had a short on EURUSD with a stop at 3690.
The price reached 3689 and took out my stop. Then in went down to 3585 and instead of booking a nice profit I am now looking at a loss.
How can a stop be taken out when the price is not even reached? Don't tell me spread, because that should be taken into consideration.
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I would imagine that the issue is because of the spread. A stop-loss order is essentially a buy order and buy orders are taken at the 'ask.' Assuming that your broker is offering a 3 pip spread, the full quote (bid&ask) for the price that you set your stop would be 1.3687/90. So when the 'bid' hit 1.3687, your stop would be triggered. You said that you saw price reach 1.3689 before it reversed. Most price charts are drawn using bid prices. So if you saw price reach 1.3689, the full quote for that would be 1.3689/92. The 'ask' of 1.3692 was 2 pips above your stop level and that's the reason your stop was triggered.
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10-14-2008, 08:32 PM
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EURUSD
Yeah, Justy, still pretty hard to swallow.
Anyway, here is the count I am keeping for EURUSD.
I think we are in a wave 3 of 1 of a new 5 wave downward cycle.
I was short believe it or not from 3759 but closed that out because I feared another move up, which turned out to be wave ii. Anyway, it hasn't been a very good week.
EDIT: PS look at the Head&S formation...
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10-14-2008, 11:44 PM
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Eur/Usd
Short-Term Wave count
( End of wave A )
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10-15-2008, 01:45 AM
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Quote:
Originally Posted by Ilovepippin
I was short believe it or not from 3759 but closed that out because I feared another move up
EDIT: PS look at the Head&S formation...
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I shorted at 1.3750 but for the same reason exited it. As for the - & S pattern, I think we are testing the neckline breakout now |
10-15-2008, 02:15 AM
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eliote 15 oct
Remaining above 1.3485 keeps EURUSD structure bullish. A clear 5 wave rally from last week's low is evident in the GBPUSD, indicating that the larger trend has turned up.... more
4shared.com - document sharing - download signal 15 oct.pdf |
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Tags
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5 waves, abc, corrective, count, elliott wave, ewi, extension, fib, fibonacci, impulse, prechter, retracement  |
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