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10-24-2012, 11:39 AM #46861
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10-24-2012, 01:12 PM #46862
Update on USD/CHF... This pair has failed to remain inside the descending channel on the daily time frame...
This is a development I have been watching for, which signals the possibility of a bullish continuation on the monthly scale...
With price action now outside the channel, it looks like bulls will likely take the riegns from here...
I'm dumping my short positions here... And also looking for further bullish confirmation to enter long...
Last edited by brad_1199; 10-24-2012 at 01:18 PM.
10-24-2012, 04:14 PM #46863
Here is a quick look at GOLD . Everything seems to have fallen in place except for the missing buyers.A decline in 11 swings to the expected wave e target , formation of falling wedges , loss of downside momentum. Am i seeing things wrong or they are there. A five move up on the 15 minute chart will indicate the low is in place. Till then , wait and watch.
If GOLD trades below 1676.8 ,then my bullish count is wrong and it may be headed back to 1550 levels.
When in doubt , stay out.
10-25-2012, 11:01 AM #46864
GBPUSD short term wave count
10-25-2012, 11:16 AM #46865
I am in agreement here. Good Job. I look for a corrective move down early next week. The down trend line may hold it.
Originally Posted by rlkwan
10-25-2012, 01:53 PM #46866
Thank you and good luck.
Originally Posted by aerocom
10-25-2012, 05:52 PM #46867
updated screen shot
Originally Posted by Alejandro Zambrano
updated screen shot...
10-25-2012, 09:14 PM #46868
Hi Everyone. Here is my wave count for EUR/AUD. Waiting on wave b to finish or wave C to develop more.
10-25-2012, 09:21 PM #46869
EUR/USD complex correction scenario from yesterday.
10-25-2012, 11:56 PM #46870
GBP/JPY 1hr wave count
10-26-2012, 12:39 AM #46871
Very nice work Gray... Nice and clear structure here...
Originally Posted by Gray
10-26-2012, 10:39 AM #46872
Well that count clearly is not working! Try this as an alternativeAttachment 157561
Originally Posted by Gray
Last edited by Gray; 10-27-2012 at 08:42 PM.
Reason: Added 4hr chart
10-26-2012, 10:43 AM #46873
Thanks Brad. It does seem to have one of the cleanest structures around ATM.
10-26-2012, 11:28 AM #46874
Hi Gray (and Brad).
I am currently short E/A from 1.2653 and added on the last bounce at 1.2540. Where is a good place to set a stop that would definitely show that b still has more room to go up? I want to stay in to maximize profit before wave C starts.
Last edited by Paul79; 10-26-2012 at 11:32 AM.
10-26-2012, 04:07 PM #46875
Not Gray or Brad but 1.2580 is your level. Going above would make the last swing in two waves signaling wave b still underway.
Originally Posted by Paul79
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