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03-10-2009, 09:48 AM #18511
Chart UPdate -------- Projected Wave C Low
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Last edited by marketwavez2; 03-10-2009 at 09:57 AM.
03-10-2009, 10:05 AM #18512
USDCAD 5 minute..., I'm long here with 25 pips at risk..., looking for 1.3000. I'm not sure of the count but it looks like a move upwards is likely in Loonieland..., but it's Loonieland so I'm not risking much.
*Boink* Never mind..., stopped out.
03-10-2009, 10:21 AM #18513
USD/CHF - 4hr Bullish Trade
This is my updated view. I'm long at 1.1438 on a small lot. Initial stops have been placed at the "my count is wrong" price just behind 1.1278. I have an initial target set at 1.1880 but this will be managed as the pattern develops (*if* it develops). Currently looking for bullish confirmation on a 10-15 minute interval. This will allow me to move up my stop and provide an opportunity to add to the position.
As as side note, I'm not trading EUR/USD but have a similar count which is EUR/USD bearish. I'm looking for a drop below 1.2200, ideally 1.2134, before a large advance higher.
03-10-2009, 10:39 AM #18514
USD/CHF Bulls - Glimmer of hope?
Way too soon for confirmation on my trade, but this is looking constructive at very short term intervals.
03-10-2009, 10:40 AM #18515
GbpJpy 4hours updated
If break the limit Wavea bottom at 135.5, may rally to 132, but waiting for a normal Flat correction.
Originally Posted by kasiel77
03-10-2009, 10:53 AM #18516
If the daily close is below 1.156 (the top of the rising trendline), IMO it's bearish.
Originally Posted by eXitTrader
03-10-2009, 11:08 AM #18517
03-10-2009, 11:21 AM #18518
You may very well be right!
Originally Posted by cmellon
If the pattern unfolds under the count I am currently trading I actually do expect a close below 1.1560 today. The pattern and form is what I'm watching and I'll put more weight on that than I do closing price or trendlines. At the time I'm writing this, 1.1483 looks like a good place to add to longs if your bullish. (Though I think I'm the only one who is!) I'll manage this and post updates as the pattern develops.
03-10-2009, 11:25 AM #18519
03-10-2009, 11:39 AM #18520
I sometimes update the Dow on my weblog.
Originally Posted by Grin
I predicted the 6500 bottom a while ago and have found, interestingly enough, that the DJ index listens much better to EW than currencies do.
Stock Markets should begin a B wave now. May go to as high as 10000.
I am looking for a broker that offers stocks on their forex platform.
If anyone knows someone please recommend...
03-10-2009, 11:41 AM #18521
Seems to be playing out nicely....
Updated Chart from earlier today attached...
Last edited by ajcody; 03-10-2009 at 11:55 AM.
03-10-2009, 11:44 AM #18522
Closed small lot trade 1 of 3 at 1.1541. ~+100 pips
Originally Posted by eXitTrader
Stops on 2 and 3 moved to 1.1420. Worst case scenario, overall net = ~+64 pips.
Looking for bullish confirmation and a place to add to the open positions. I'll post a chart update at the end of the day. GL to bulls and bears alike!
03-10-2009, 12:16 PM #18523
GBPJPY is primed for short positions Short stops can currently be placed above 137.04 plus cost of spread...
Last edited by brad_1199; 04-09-2009 at 12:14 AM.
03-10-2009, 12:22 PM #18524
Or, possibly one more selling climax to complete wave v of (v) of 1 or A. Will post a chart later.
Originally Posted by Ilovepippin
03-10-2009, 12:36 PM #18525
Thanks! You're a gentleman and a scholar,
Originally Posted by apipintime
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