What a furious C wave ...... as long as above 1.4605 i will consider it that ....
on the positive side if this is right we will see very strong 3rd up .... i have stops 1.4592.
Tuesday, 19 February 2008 14:28:57 GMT
Written by Jamie Saettele, Currency Analyst
You wrote that on Thursday you posted "to exit EURUSD and CABLE longs"
Can i ask where you posted this on thursday!!
Thanks you
On FXCMTR. If you are an FXCM client, then you have a login to FXCMTR and I post stuff there everyday that only clients can see (stuff that is not on DailyFX)
I was just stopped out at 1.9384...and then I got back in at 1.9369 with a stop below 1.9335. I might be playing with fire here but so be it.
Some of you are probably wondering, "What is wrong with Jamie that he keeps trying to buy Cable?" The reason I am bullish is that I see the rally from 1.9337 as a 5 wave rally. The decline from 1.9957 can still be a 3 wave decline AS LONG AS PRICE IS ABOVE 1.9337. That is my rationale. Risk is certainly small right now.
Some of you are probably wondering, "What is wrong with Jamie that he keeps trying to buy Cable?" The reason I am bullish is that I see the rally from 1.9337 as a 5 wave rally. The decline from 1.9957 can still be a 3 wave decline AS LONG AS PRICE IS ABOVE 1.9337. That is my rationale. Risk is certainly small right now.
Yes know its a low risk trade ..... just went long small position ..... stop 1.9320
Dear Jamie,
I Have Followed Your Count Regarding Eur/jpy.any Update On This Pair? Today Its Not A Good Session For Euro Longs.
The EURJPY may be completing a 4th wave now or may need to drop a bit more...to the 157.40 area (38.2 and structural support). I am not too enamored one way or the other short term although I still maitain that the EURJPY will see 165 in the next month
Yes know its a low risk trade ..... just went long small position ..... stop 1.9320
After being stopped twice on my GBPUSD long position and after having lost a total of around 160 pips, 2 contracts each for a total of 4 contracts, I am long GBPUSD again this morning.
Rationale:
1. double bottom over the last 12 days.
2. Both, stochastic and MACD showing positive divergence over the last 3 days.
So, there is a relatively high probability that the pair should go up.
I will feel slightly better, once we overcome the resistance at 1.9390
Mike
I want to introduce a count that has yet to be presented in the AUDUSD. Under this scenario, a C wave would come under .8874 before the next bull leg. Of course, be very careful because we could also be in a very bullish wave 3 now. This is something that I wanted to present, it does not mean that I am turning bearish.
Jamie:
The above count of yours not validated yet. What is your current take? I am inclined to go long again around the current price to ride the WAVE 5 as I feel the wave 4 is done.
The above count of yours not validated yet. What is your current take? I am inclined to go long again around the current price to ride the WAVE 5 as I feel the wave 4 is done.
Plz advise.
The break higher a few days ago invalidates that count. I am bullish.
Here is my USDJPY count. I see a C wave ending near 107 (probably a bit beneath the figure) either today or tomorrow (most likely tomorrow). Then I am looking to buy Yen crosses (USDJPY in particular for a run at 110). There is a cluster of Fibo support in the 106.80/107.00 zone
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Originally Posted by WhatCount 
