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11-12-2009, 09:48 AM
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Join Date: Jan 2008
Posts: 22
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Quote:
Originally Posted by Ilovepippin
You mean, this one? Looks like it is playing out. Watch for trendline break and it could reach 136...
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Wave (e) of a triangle is normally sharp, as such wave (e) is yet to ocurr. We are most likely in wave (d) up.
I am long with the end of wave (c) as stop.
Bullish against 133.92 |
11-12-2009, 09:59 AM
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DailyFX Power Course Instructor
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Join Date: Jun 2007
Posts: 5,842
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Quote:
Originally Posted by Edward16
Hi guys,
Heads up!
I think Cable is about to take off from current levels to new highs!
Chart was post it last sunday.
2nd target is @1.71450 not seen on the chart.
Ed,
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Just the fact that cable hasn't tanked too terribly hard as BOE's King cranked up the Quantitative Easing talk again...makes it worth watching.
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11-12-2009, 10:05 AM
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Join Date: Oct 2008
Posts: 1,719
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EURGBP
Quote:
Originally Posted by Sean Hyman
Just the fact that cable hasn't tanked too terribly hard as BOE's King cranked up the Quantitative Easing talk again...makes it worth watching.
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Hey Sean,
Welcome back. Here are a couple of scenario's that are pretty supportive of Cable. |
11-12-2009, 10:23 AM
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Member
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Join Date: Dec 2007
Posts: 1,625
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Quote:
Originally Posted by Sean Hyman
God bless you for your service in protecting our country. You're what Veteran's Day is all about.
Thank you for your service, sir. That's honorable. It's guys like you that keep things safe for all of the rest of us.
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Quote:
Originally Posted by Edward16
I'll second that Sean!
God bless you Justy.
Ed,
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Thanks guys for the kind words! Unfortunately we had an engine malfunction yesterday and were unable to takeoff, so we are planning to go at it again today.
The extra day gives me more trading time though... The recent rally in EUR/USD is in three waves, so an ending diagonal may be a possibility. I mentioned a few days ago how a truncated wave was possible, but a diagonal sends the same "ending" message and is something to consider. The 1.4625 low has to stay intact for this to be a valid scenario. |
11-12-2009, 10:37 AM
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Join Date: Jul 2008
Posts: 322
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GBPUSD chart update,
Here is the update for the previous chart.
Price has formed a triangle on the wave 4 of the wave C decline.
Ed,
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11-12-2009, 10:39 AM
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Member
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Join Date: Jul 2005
Posts: 4,488
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Gbp/Jpy
Chart Result
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11-12-2009, 10:45 AM
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Member
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Join Date: May 2009
Posts: 1,431
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Quote:
Originally Posted by marketwavez2
Gbp/Jpy
Chart Result
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hi Mark i bougted from ur C.. 148.55...
cheer vincy |
11-12-2009, 10:50 AM
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Member
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Join Date: Jul 2008
Posts: 322
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EURUSD,
Quote:
Originally Posted by justy10125
Thanks guys for the kind words! Unfortunately we had an engine malfunction yesterday and were unable to takeoff, so we are planning to go at it again today.
The extra day gives me more trading time though...
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I also have the same count justy and target of 1.5246 by the last week of Nov. if not earlier.
Also have another count i am working on showing a much higher target around 1.59ish.
PS; The fact that oil, gold, Dow have potential rally makes me believe this rally on euro is far from over.
When 90% of the market gets bullish that is when usd is going to rally!!
Ed, |
11-12-2009, 10:53 AM
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Member
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Join Date: Jul 2005
Posts: 4,488
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Eur/Usd
Here's an Update
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11-12-2009, 10:57 AM
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DailyFX Power Course Instructor
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Join Date: Jun 2007
Posts: 5,842
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Quote:
Originally Posted by marketwavez2
Eur/Usd
Here's an Update
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Since there's a break....does that mean wave 5 has completed?
__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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11-12-2009, 11:06 AM
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Member
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Join Date: Jul 2008
Posts: 322
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GBPJPY chart update,
Here is a potential bullish view on GBPJPY.
Ed,
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11-12-2009, 11:41 AM
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Member
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Join Date: Mar 2008
Posts: 1,459
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Quote:
Originally Posted by justy10125
Thanks guys for the kind words! Unfortunately we had an engine malfunction yesterday and were unable to takeoff, so we are planning to go at it again today.
The extra day gives me more trading time though... The recent rally in EUR/USD is in three waves, so an ending diagonal may be a possibility. I mentioned a few days ago how a truncated wave was possible, but a diagonal sends the same "ending" message and is something to consider. The 1.4625 low has to stay intact for this to be a valid scenario.
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Very astute observation Justy!
The price is now halted by the multi month trade channel support line.
A break would mean much lower prices.
The circle shows that the drop is not impulsive but corrective.
Maybe a diagonal is forming, or a triangle...
BTW, better to detect engine trouble on the ground than in the air 
Best of luck on your mission!
Last edited by Ilovepippin; 11-12-2009 at 11:43 AM..
Reason: Forgot the chart
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11-12-2009, 11:52 AM
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Member
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Join Date: Jul 2005
Posts: 4,488
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Quote:
Originally Posted by Sean Hyman
Since there's a break....does that mean wave 5 has completed?
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yes , you can call it that if you want to ..... 
anyway i'm staying away from the Eur/usd pair this week
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Price action in Gbp/Usd pair is more exciting
Last edited by marketwavez2; 11-12-2009 at 12:01 PM..
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11-12-2009, 11:55 AM
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Member
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Join Date: Jul 2005
Posts: 4,488
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Usd/Yen
a work in progress .............
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Last edited by marketwavez2; 11-12-2009 at 12:00 PM..
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11-12-2009, 11:58 AM
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Member
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Join Date: Dec 2007
Posts: 1,625
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Quote:
Originally Posted by Ilovepippin
Very astute observation Justy!
The price is now halted by the multi month trade channel support line.
A break would mean much lower prices.
The circle shows that the drop is not impulsive but corrective.
Maybe a diagonal is forming, or a triangle...
BTW, better to detect engine trouble on the ground than in the air
Best of luck on your mission! |
I agree, the decline doesn't seem impulsive at this point. Hopefully it stays that way... |
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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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