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  #1561 (permalink)  
Old 10-15-2008, 04:58 AM
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USD/CAD
Hey Guys,

If this is indeed the first of an impulse wave down as shown in the chart, I guess we should be looking to go short soon?

Comments anyone?
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  #1562 (permalink)  
Old 10-15-2008, 05:05 AM
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Quote:
Originally Posted by kade_a55 View Post
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. See more.....[/color].html"]http://www.4shared.com/file/66982961/67bfc0d5/signal_15_oct.html
yes, but looking on the other side at gbpeur it is clear that it has done its top, and the gbp will be the stronger currency.. meaning that the path of gbpusd and eurusd have to split, exactly what is happening now.

i like to look at it intermarket like that.

edit: looks like the gbpusd has finnished a very shallow 2nd wave in it elliot channel, and a 5min-five-wave-up is forming?
Last edited by qsx; 10-15-2008 at 06:10 AM..
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  #1563 (permalink)  
Old 10-15-2008, 07:18 AM
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Hi all,

My cable chart.
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  #1564 (permalink)  
Old 10-15-2008, 09:01 AM
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EURUSD
I am posting my chart again, that I changed since my last post.
Lets see if this one holds.

Question, I want to work on a better price prediction system and am looking into Gann lines. Does anyone here have experience with that?
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Old 10-15-2008, 09:38 AM
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usdjpy
overall dollar weakness and (relatively) low volatility could be the preparation for a breakout...

edit: most likely resistance is 102,2 with previous spike highs there..
short order at 102,2 with stop 103,1.

edit2: i always have this weird feeling when bernanke is talking, he is always messing up!
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Last edited by qsx; 10-15-2008 at 10:59 AM..
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Old 10-15-2008, 10:53 AM
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Quote:
Originally Posted by marketwavez2 View Post
Eur/Usd

Short-Term Wave count
( End of wave A )
//////////////////////////////
Loss -42 pips
Price gapped up this morning , and did not reach intended target

---------------------------------------------------------------------
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  #1567 (permalink)  
Old 10-15-2008, 11:24 AM
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OIL at Critical Juncture
Guys,
Keep an eye on Oil. She seems to be trying to make a bottom here at 75.00. The flow of the uptrend gets compromised below here so we have t see what happens. If I had to venture a guess as to what the bull count is, here it is. Should a wave 5 be coming, this move should be a violent one given the curve of the uptrend on a monthly chart. For now, the daily downtrend still needs to be respected but the monthly is uptrend requires immediate attention.
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Last edited by italm31; 10-15-2008 at 11:34 AM..
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  #1568 (permalink)  
Old 10-15-2008, 12:22 PM
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EURUSD
Okay, just got stopped out, thought we were in wave C already but still some more downside in B.
On the charts you see that we are now at the 50% fibo resistance. Lets see how far it goes down. Best is to wait a while.
Also look at the daily, the fibo is coming above the .20 line and last time that happened we gained 900+ pips. The candle pattern looks almost identical.
Edit: The EW chart is by Grega Horvat from the LFB forex group. (Have to name the source or I can't post it.)
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Old 10-15-2008, 01:19 PM
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PIPPIN.... charts
Quote:
Originally Posted by Ilovepippin View Post
Okay, just got stopped out, thought we were in wave C already but still some more downside in B.
On the charts you see that we are now at the 50% fibo resistance. Lets see how far it goes down. Best is to wait a while.
Also look at the daily, the fibo is coming above the .20 line and last time that happened we gained 900+ pips. The candle pattern looks almost identical.
Edit: The EW chart is by Grega Horvat from the LFB forex group. (Have to name the source or I can't post it.)

Pippin... could you provide a link to the site that has the charts with the red and green candles please.

Thanks
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  #1570 (permalink)  
Old 10-15-2008, 01:22 PM
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Quote:
Originally Posted by brad_1199 View Post
Pippin... could you provide a link to the site that has the charts with the red and green candles please.

Thanks
Sure Brad, Forex News | Forex Trading News | Currency Trading News

I usually post my own charts but am not at my computer now.
Forgot to mention the best source of all... right here on dailyfx!
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  #1571 (permalink)  
Old 10-15-2008, 02:05 PM
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usdjpy
the usdjpy didnt get to my target, but fell off the 38% fibo..
i am short from 100,72
yesterday was full moon, today is still strong, so could be heavy.
Last edited by qsx; 10-15-2008 at 03:58 PM..
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Old 10-15-2008, 03:39 PM
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WooHoo!!! I just closed 5 positions in USDJPY at 99.9, near the 61% Fib, for a total of 876 pips.

Thanks to all you guys for teaching me EW, I'm still such an EW novice and I'm so impressed with the information it provides.

Long live Prechter!
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  #1573 (permalink)  
Old 10-15-2008, 03:48 PM
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USD/JPY
Hey brad, It seems to me that the a-b-c in USD/JPY is happening right now as you proposed in your chart yesterday...
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Old 10-15-2008, 03:56 PM
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i wanted to focus on the big time big picture of the DJI..
this is the longest chart i have, from this great site prophet.net / java charts.

i was reading today of some technical anlyst from barclays who said that there were astounding similarities between this fall, and the one in 1907.. which reminded me of the last thing which i am reading, gann mentiones 100 year cycles..

also i think this was the expanding triangle that prechter always gave as an example.

anyway,its a looong way down..
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Last edited by qsx; 10-15-2008 at 04:23 PM..
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Old 10-15-2008, 04:12 PM
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EURUSD 1 Hour Chart
Looking for a bottom on the one hour chart of EURUSD.... And a rally to 1.4084
Last edited by brad_1199; 04-08-2009 at 11:10 PM..
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5 waves, abc, corrective, count, elliott wave, ewi, extension, fib, fibonacci, impulse, prechter, retracement

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