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  #31 (permalink)  
Old 08-28-2008, 09:41 AM
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Hey guys,
Eur/Chf is presenting itself with what I believe to be one of the best trades of the year. The first weekly chart is one I posted a couple of weeks ago. The second is an update of that chart. We have 3 week support at the 6100 level but if that level breaks, we should get a decline lasting weeks! Get ready to see wave 3.
Last edited by italm31; 09-02-2008 at 11:13 PM..
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  #32 (permalink)  
Old 08-28-2008, 11:07 AM
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Quote:
Originally Posted by byran View Post
M5 is showing 5 wave north .. can this be the start of the reversal?
5 waves north is exactly what we are looking for

However, i don't see any yet.
Could you post the chart?
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  #33 (permalink)  
Old 08-28-2008, 11:08 AM
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USDCAD
At this point we may have reached the bottom of the correction. This furious move up is either a C wave meaning the correction is not over yet, or the beginning of a 3 wave. I am looking at the later scenario which would be confirmed by the break of 1.0560.

Setup:
I am looking to position bull on the break of 1.0560 if price doesn't go lower than 1.0475.
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  #34 (permalink)  
Old 08-28-2008, 11:10 AM
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EURUSD
Over Euro it looks like the Ending Diagonal scenario of FXO is taking shape
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  #35 (permalink)  
Old 08-28-2008, 11:14 AM
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EURCHF
The scenario I am looking at is for price to retrace to 1.6180 where we have a confluence of 50% retracement of (1) and a = c of (2).
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  #36 (permalink)  
Old 08-28-2008, 11:30 AM
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Quote:
Originally Posted by soso-xx View Post
At this point we may have reached the bottom of the correction. This furious move up is either a C wave meaning the correction is not over yet, or the beginning of a 3 wave. I am looking at the later scenario which would be confirmed by the break of 1.0560.

Setup:
I am looking to position bull on the break of 1.0560 if price doesn't go lower than 1.0475.
SOSO my old friend
Nice count. But I see a little differently
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  #37 (permalink)  
Old 08-28-2008, 12:30 PM
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Hey guys,
Heres a heads up for the Swissie,
Yesterday I posted this as a possible count:
http://www.learncurrencytrading.com/...96-post25.html

Well we are going back to test that all important 2-4 trendline in what could be the C wave I was waiting for to short.
Last edited by italm31; 09-02-2008 at 11:13 PM..
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  #38 (permalink)  
Old 08-28-2008, 12:35 PM
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cable
The madness might be over in the form of an ending diagonal.
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  #39 (permalink)  
Old 08-28-2008, 01:17 PM
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Eur/Usd

-----------------
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  #40 (permalink)  
Old 08-28-2008, 01:31 PM
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Quote:
Originally Posted by marketwavez2 View Post
Eur/Usd

-----------------
Or here such variant
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  #41 (permalink)  
Old 08-28-2008, 01:37 PM
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Quote:
Originally Posted by iordaki View Post
SOSO my old friend
Nice count. But I see a little differently
iordaki!! good to see you man!

I think your count looks better than mine, looking again at my (a)(b)(c) move is quite disproportionate, especially (c) wave which is rather short. So if it is an impulse move down than what we have now is only a correction.
Well I retract my count & setup and look for another low before loading up longs.
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  #42 (permalink)  
Old 08-28-2008, 01:39 PM
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I think.... That time to buy
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  #43 (permalink)  
Old 08-28-2008, 01:50 PM
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Quote:
Originally Posted by tonyk View Post
The madness might be over in the form of an ending diagonal.
I think same
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  #44 (permalink)  
Old 08-28-2008, 02:15 PM
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Originally Posted by soso-xx View Post
The scenario I am looking at is for price to retrace to 1.6180 where we have a confluence of 50% retracement of (1) and a = c of (2).
Hey SoSo,
I see the same thing in Eur/Chf. We should come back to tes the 50% fib line. It also happens to be where C = 100% of A.
Last edited by italm31; 09-02-2008 at 11:13 PM..
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  #45 (permalink)  
Old 08-28-2008, 03:24 PM
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RE : cable
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Originally Posted by tonyk View Post
The madness might be over in the form of an ending diagonal.

Or another possibility but same outlook
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