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08-28-2008, 03:30 PM
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Join Date: Oct 2006
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Euro
The picture in EUR/USD is similar to the cable....
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08-28-2008, 05:33 PM
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Gbp/Usd
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08-29-2008, 04:40 AM
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Posts: 1,145
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GBP.JPY
Could be, that we are now in final thrust movement.
But in order to reverse the cable needs now to go above 201,100 and to do it today.
Or, the other, the best way, we see 5 waves north on the smaller time frame  |
08-29-2008, 06:56 AM
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USDJPY
The corrective pattern continues, currently it looks like a double zigzag. I look to go long on the break of 109.3.
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08-29-2008, 08:23 AM
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Quote:
Originally Posted by tonyk
The madness might be over in the form of an ending diagonal.
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Your chart looks very plausible. Friday might tell if we can break higher it would confirm. |
08-29-2008, 10:07 AM
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GBP.USD
The only thing i don't like with this count is that we all seem to follow the same.
We desperately need some alternate count(s)
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08-29-2008, 10:25 AM
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Quote:
Originally Posted by ravno
The only thing i don't like with this count is that we all seem to follow the same.
We desperately need some alternate count(s)
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I guess sometimes that happens with technical analysis. Tech traders and chartists tend be have their "own" herd mentality. 
The GBP is a very confusing market right now. New lows daily but really not by too much. Stops being run as I write, 1.8230.
When the bottom hits the turn should be violent to say the least. Short covering, new buying, momentum buying, whatever. |
08-29-2008, 10:38 AM
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Join Date: Jul 2008
Posts: 321
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Quote:
Originally Posted by diver
I guess sometimes that happens with technical analysis. Tech traders and chartists tend be have their "own" herd mentality.
The GBP is a very confusing market right now. New lows daily but really not by too much. Stops being run as I write, 1.8230.
When the bottom hits the turn should be violent to say the least. Short covering, new buying, momentum buying, whatever. |
rt on. I have been following the posts on the GBP and I keep seeing the same stuff with no heading and clear forcast. I thought at least what this forum is supose to do, isn't it??
GL and have a good weekend, |
08-29-2008, 12:27 PM
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Posts: 1,219
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60 minute CHF. Possible top here with another rejection of the 1.25 area. We exceeded it and took out stops BUT, there is a divergence at this high. If the reversal holds it may be time to be short. Obviously, we have a long day still ahead and we could just be testing the breakout and still go higher.
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08-29-2008, 01:39 PM
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Quote:
Originally Posted by diver
60 minute CHF. Possible top here with another rejection of the 1.25 area. We exceeded it and took out stops BUT, there is a divergence at this high. If the reversal holds it may be time to be short. Obviously, we have a long day still ahead and we could just be testing the breakout and still go higher.
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Follow-up to previous post. New high made but I'm not sold on this move. Very thin markets with holiday trade. No 5 up more like another ABC. Legs are equal. If we can't hold the breakout at around 1.1025 it will look even more suspect. Ideas?
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08-29-2008, 01:44 PM
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Interesting chart I found for stock market traders.
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08-29-2008, 01:53 PM
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Join Date: Jul 2007
Posts: 1,592
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Quote:
Originally Posted by diver
60 minute CHF. Possible top here with another rejection of the 1.25 area. We exceeded it and took out stops BUT, there is a divergence at this high. If the reversal holds it may be time to be short. Obviously, we have a long day still ahead and we could just be testing the breakout and still go higher.
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Well I definate did not see that coming in the Swissie my stance needs to be shifted back to neutral for now. Long term dirction is clear...near term, is not so much. Today we tested that 2-4 trndline yet again taking out the former highs. The trendline continues to be resistence which Im sure some bears may take as encouraging, however, the bear count for now looks a little awkward. Here it is...but be foreward this count also be a III of V of 5. The monthly chart (not shown here) has has a resistence zone begining at 111 which I found funny we never hit. Anyhow, until we break through that 2-4 trendline, bias is still bearish. Unfortunately we need to wait till next week to see who wins this battle.
(bull count is in blue)
Have a good weekend!
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08-29-2008, 01:54 PM
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Member
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Join Date: Jul 2007
Posts: 1,592
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Quote:
Originally Posted by diver
60 minute CHF. Possible top here with another rejection of the 1.25 area. We exceeded it and took out stops BUT, there is a divergence at this high. If the reversal holds it may be time to be short. Obviously, we have a long day still ahead and we could just be testing the breakout and still go higher.
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Well I definitely did not see that coming in the Swissie my stance needs to be shifted back to neutral for now. Long term direction is clear...near term, is not so much. Today we tested that 2-4 trendline yet again taking out the former highs. The trendline continues to be resistance which Im sure some bears may take as encouraging, however, the bear count for now looks a little awkward. Here it is...but be forewarned this count could also be a III of V of 5. The monthly chart (not shown here) has has a resistance zone beginning at 111 which I found funny we never hit. Anyhow, until we break through that 2-4 trendline, bias is still bearish. Unfortunately we need to wait till next week to see who wins this battle.
(bull count is in blue)
Have a good weekend
Last edited by italm31; 09-02-2008 at 11:13 PM..
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08-29-2008, 02:00 PM
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Member
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Join Date: Jan 2008
Posts: 1,219
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Quote:
Originally Posted by italm31
Well I definite did not see that coming in the Swissie my stance needs to be shifted back to neutral for now. Long term dirction is clear...near term, is not so much. Today we tested that 2-4 trndline yet again taking out the former highs. The trendline continues to be resistence which Im sure some bears may take as encouraging, however, the bear count for now looks a little awkward. Here it is...but be foreward this count also be a III of V of 5. The monthly chart (not shown here) has has a resistence zone begining at 111 which I found funny we never hit. Anyhow, until we break through that 2-4 trendline, bias is still bearish. Unfortunately we need to wait till next week to see who wins this battle.
(bull count is in blue)
Have a good weekend
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Italm,
I hear ya BUT, remember we are talking about picking TOPS & BOTTOMS. Need to take some calculated risks. Sale against a new high here or a stop at 1.11 above the old high. |
08-29-2008, 02:49 PM
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Join Date: Jul 2005
Posts: 3,865
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GbpUsd
Woke up this morning to this ,,,,,,,,
- Price action violated the low of the End of Wave " B "
this trade set-up is over now
----------------------------------------------------
//////////////////////////////////////////////////////////////
Last edited by marketwavez2; 08-29-2008 at 03:08 PM..
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