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11-20-2009, 08:51 AM
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Quote:
Originally Posted by mike3gdc
Hello Jay,
I am with you on the Leading Diagonal.good one.
do you think we are now heading north for your B of B?(5 waves down is over like AUDUSD?)
I like the fractal beauty on your chart! "Nice Eye",as you'd like to say!  |
Hey Mike,
I can't take credit for the leading diagonal, it was Mr. Wilson that pointed it out. What I did notice was the similar pattern to the move off of the 1.36 lows. As for the current down move, I think we have one more small wave down before we correct up in a 'b' of 'B'. I will be looking for a short opportunity sometime next week. If you notice with the EURGBP chart that I posted, Cable's strength and weakness is being mirrored in that chart, which tells me that most of Cable's potential upcoming strength will be against the Euro more so than the dollar. |
11-20-2009, 08:55 AM
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Posts: 338
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Quote:
Originally Posted by mike3gdc
I know! there is something wierd in that word that all men of goodwill can appreciate,regardless of age and color!
Back to business,I just had another look to the Cable.look like he's forming the 4th.(triangle).
what is the hammer affect by the way? is it bullish or bearish?sorry,I'm alien on this one.  |
ok, according to candle, if a hammer is formed at support level, then it shows weight and that market acknowledge that support. Therefore, unless price close below that hammer candle, it is now bullish.
There is also a bullish engulfing pattern after the hammer, showing even more bullishness.
Well, all those theory learn from steve nison book
Last edited by stanchiam; 11-20-2009 at 08:58 AM..
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11-20-2009, 08:55 AM
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Cable
Hey Marketwaves,am I on the right set up to count that bit as Truncated? I could count 5 waves in it.do you like that?in EWP books says,trucations often occures after a strong 3th wave.
cheers
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11-20-2009, 09:10 AM
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eur 15 min view
hope i get it right this time
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11-20-2009, 09:10 AM
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A Wave C triangle..
BRAD_1199
A wave C triangle?
Isn't it 2,4,b,x?
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11-20-2009, 09:15 AM
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Posts: 908
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S&P
I found another Truncated 5th(If true!)...on S&P.
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11-20-2009, 09:17 AM
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Posts: 155
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Quote:
Originally Posted by stanchiam
hope i get it right this time
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He stanchiam,
Waiting for a break of the trendline, also top of your wave 1. |
11-20-2009, 09:23 AM
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Quote:
Originally Posted by stanchiam
ok, according to candle, if a hammer is formed at support level, then it shows weight and that market acknowledge that support. Therefore, unless price close below that hammer candle, it is now bullish.
There is also a bullish engulfing pattern after the hammer, showing even more bullishness.
Well, all those theory learn from steve nison book
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right! hammer in candlestick business.
I drew a picture of a flag in my mind when you used the word hammer! and I was looking for a flag in the chart! lol
ps:emmm,they actually look like eachther! |
11-20-2009, 09:26 AM
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Posts: 338
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Quote:
Originally Posted by Mywavez
He stanchiam,
Waiting for a break of the trendline, also top of your wave 1.
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wow, didnt see that line.
Fingers crossed, me long at 825, hope can ride wave 3. 
edit: actually was long at 810, closed at 855, then reload at 825
Last edited by stanchiam; 11-20-2009 at 09:34 AM..
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11-20-2009, 09:29 AM
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Posts: 908
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Quote:
Originally Posted by Mywavez
He stanchiam,
Waiting for a break of the trendline, also top of your wave 1.
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Hey Ilovepipin,(I know,I'll call your new name eventually)
where the origin of the trendline pointed by the arrow? is there any significance for the break out you mentioined? cheers |
11-20-2009, 09:36 AM
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Posts: 155
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Quote:
Originally Posted by mike3gdc
Hey Ilovepipin,(I know,I'll call your new name eventually)
where the origin of the trendline pointed by the arrow? is there any significance for the break out you mentioined? cheers
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It has been holding for some time now.
Looking at this chart you may also expect a leading diagonal... |
11-20-2009, 09:42 AM
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Euro
We could very well still be forming wave C of the 4th wave triangle. C could be taking the shape of a double three correction(7wave). Watch the critical levels for evidence.
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11-20-2009, 09:49 AM
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Posts: 4,488
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Eur/Usd
Good morning , ............
Just woke up
Eur/Usd pair has gone...... bye! .....bye ! 
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11-20-2009, 09:50 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
Good morning , ............
Just woke up
Eur/Usd pair has gone...... bye! .....bye !
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Good morning, marketwavez. haha!
Glad to see you're up and with us. hehe!
Yeah, EUR/USD is still coiling up/triangulating on the hourly chart.
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11-20-2009, 09:52 AM
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Quote:
Originally Posted by Sean Hyman
Good morning, marketwavez. haha!
Glad to see you're up and with us. hehe!
Yeah, EUR/USD is still coiling up/triangulating on the hourly chart.
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ok Sean , where is your update chart for the Gbp/Jpy ? ...... thanx
Last edited by marketwavez2; 11-20-2009 at 10:00 AM..
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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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