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05-08-2008, 08:16 AM #7066
Possible USDJPY count ...
05-08-2008, 08:19 AM #7067
Possible USDCHF count ...
05-08-2008, 09:52 AM #7068
Keep yours eyes peeled on EURCAD... I smell Free Money... LOL
05-08-2008, 10:11 AM #7069
Brad, Good Morning
Originally Posted by brad_1199
Being long any japanese crosses in the current circumastances, and I am talking about the bigger stock market scenario, with the stock market showing anticipated weakness and a potential large drop, is not a good idea.
Sorry about your loss, but you might be better off to close any long japanese cross positions, pretty much regardless, if it is USDJPY, GBPJPY, AUDJPY or any other.
05-08-2008, 10:21 AM #7070
Originally Posted by Big Mike
There were no losses ... I got long early.. And closed out last night well into profit territory.. There were only profits
05-08-2008, 11:37 AM #7071
Look at the EURUSD rally from 1.5283 on a 15 min chart, it is in 5 waves, and is probably wave a of a correction. Support is in the 1.5340/80 zone for those short term traders that want to trade long up to 1.5474/1.55 or so...but then I'm looking to sell again
05-08-2008, 12:24 PM #7072
I agree that the move up looks to be corrective. But, I keep coming back the the move from the wave 3 high on the daily chart to the 5283 low being an irregular flat correction. If I am correct the likely targets are 1.382 (5206) and 1.618 (5069) of "A" which according to Neely are not likely to be met.
I am also counting the low 5283 as nearing the terminus of wave 4 of 3 which, I think should be enough for a wave 4 of 5 low.
Would you please provide your insight? Thanks again.
05-08-2008, 12:37 PM #7073
As a contrary view:
Originally Posted by Jamie Saettele
05-08-2008, 01:09 PM #7074
here is my chart...bottom line: bearish below 1.5594..first target at 1.5050
Originally Posted by aerocom
05-08-2008, 01:46 PM #7075
Hey how 'bout a shout out to AT! Wassup AT? Where you at? Just saying hi. How 'bout posting your latest counts on: DJIA, CHF, EUR, JPY, GC. Miss your work and comments. Regards, Diver :-)
05-08-2008, 01:47 PM #7076
Anyone have a current count on GBPUSD? 15-30 minute timeframe.
05-08-2008, 04:54 PM #7077
Good day all,
It looks like a short term long position in the eur/chf. I'm not one for bucking the trend but it does not want to go below my iii . Please tell me if you have a different/ better count, I'm sure I missed something. A really tight stop is in order
05-08-2008, 05:32 PM #7078
I was able to get some charts from someone who has it. I did not have any counts from it on the AUDUSD during the time I was closly watching that pair.
Since then, I have managed to get the end of day version myself and yesterday began the tedious process of converting some intraday data and getting AGET to read it. Basically, with 30 minute data, it thinks each 30 minute bar is a new day. Doesn't affect the counts or anything but it makes the "time clusters" function difficult to use and I have to manually update it, so it is not "streaming".
I'll post some daily counts when I get time this weekend.
Just like Market says, 10 different Elliotticians will see 10 different counts and I am sure any software is the same way. I do like very much the way trade setups are done in AGET and was happy with what I saw today.
Originally Posted by rob4x
05-08-2008, 05:42 PM #7079
I closed my short EURCHF position for now, as per my chart, below.
Originally Posted by FlaGordon
Will wait for the end of the correction. The correction that I labeled a-b-c seems little shallow, I will expect another zig zag up before the trend down resumes.
05-08-2008, 05:57 PM #7080
It looks like an interesting setup in AUDUSD, see the chart.
Since yesterday we traced nice 5 waves down, followed by a W-X-Y correction to 61.8% fib.
Now we are starting a descent into wave 3, by the looks of it.
All on board!