Hey, Italm.. I've been doing USDJPY for the last 4 months and just this week..started to pick up Cable. I think you're right about 3. 3 hasn't really even gone past wave 1 and I'm still holding short with good stops.
I just would like to see your long term count. Could you point me in the right direction of what you see? I'd like to analyze using what I know to figure out where we're really going.
Hey Adian,
Here's my long term count for the Pound. I belive were starting a large C wave down and we should make it below A. I count 15 waves up from A and that is a corrective count which fall well for a B wave. A new high would bring in 17 waves. My count would be invalidated so for now this is it. We've had nothing but a series of 3s since the extreme of wave A.
I know my B wave count was not that clear so here is a close up of just the Bwave. If you don't like the numbers, simply replace them with a, b, c, and x, and you will come up with the same thing.
Market, Ive noticed you do that alot. Look at your wave 2 and look at your wave 4. The timing is totally out of whack with each other. You did it with the Cad as well. Sorry dude, not convinced. Your wave 4 is a separate wave in itself and should be count as a separate entity. Thus its either and abc of a wave 2 or an A wave. I'm going with the A wave cause wave 2s are suppose to be much deeper. Also if it were a wave 2, the we should be in a wave 3 but like I said, we've done nothing but 3 wave sequences since the wave A extreme. I honestly don't see any other count.
We can all still be fiends in here thought ? .............Right ?
I'm just sharing my thoughts in this thread just like any other poster in here :
------------------------------------------------
No one should be in here to agree with anyone's Wavecounts , and
No one should be in here follow anyone blindly .............. That's not why we are here ......
but, Everyone should trade with Risk to Reward
----------------------------------------------------------------------------- Forums like this are for seeiing different point of views other than your own ......
Whether you agree or not ..... is not so important ,
Why ? ................. because in the end ..........
Trading is all about your ability to manage Risk and Protect your Assets
no matter what wave-count you think is happening ............
In Time ,
It all comes down to your Averages !
--------------------------------------------------------------------
This is what is all so important ,,,,,,,,,,,,,,,,,
Last edited by marketwavez2; 11-17-2007 at 06:40 PM.
There appears to be a massive Inverted Head and Shoulder Pattern in play
price has run right into major resistance earlier this week .....
( see Long term blue projection line )
We can all still be fiends in here thought ? .............Right ?
I'm just sharing my thoughts in this thread just like any other poster in here :
------------------------------------------------
No one should be in here to agree with anyone's wavecounts ,
.............. That's not why we are here ......
but, Everyone should trade with Risk to Reward
-----------------------------------------------------------
Forums like this are for seeiing different point of views other than your own ......
Whether you agree or not ..... is not so important ,
Why ? ................. because in the end ..........
Trading is all about your ability to manage Risk and Protect your Assets
no matter what wave-count you think is happening ............
In Time ,
It all comes down to your Averages !
--------------------------------------------------------------------
This is what is all so important ,,,,,,,,,,,,,,,,,
Now there's something we agree with.
BTW, I would hope you didn't get offended by my comment. We are all here to pick up things along the way and learn. Since I first came on this forum months ago, I feel Ive learned a heck of a lot and I thought I knew all there was to know back then. I think Ive become more intuitive. So I would only hope you accept my constuctive critism as that. Connstructive. From one elliotician to another.
I think there may be a large move in the GBP/JPY tonight as I think were rapidly approaching wave III of 3. Heres an update of my 1 min chart I posted early.Only now, its graduated to a 5 min chart.
Todays price decline looks like a and " End of Wave C " from this view...
------------------------------------------------------------------------------
- A break below 0300 could lead to lower prices ............
Last edited by marketwavez2; 11-14-2007 at 06:49 PM.
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Originally Posted by AdrianEI
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