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  #13231 (permalink)  
Old 06-19-2009, 07:56 PM
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Cable daily

Today was interesting to say the least, options expiration provides for interesting swings. Cable closed closer to it;s highs, maybe we see a run to break previous 1.66** highs, maybe The dollar strengthens, we should know by Monday.
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  #13232 (permalink)  
Old 06-19-2009, 08:21 PM
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EURODOLLAR

The Eurodollar makes a seemingly more convincing case for a downward move for sometime, in order to complete a 4th wave.
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  #13233 (permalink)  
Old 06-19-2009, 08:31 PM
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CABLE

Quote:
Originally Posted by Trading4cash View Post
Today was interesting to say the least, options expiration provides for interesting swings. Cable closed closer to it;s highs, maybe we see a run to break previous 1.66** highs, maybe The dollar strengthens, we should know by Monday.
Here's what I see on the daily chart of Cable today....






Last edited by brad_1199; 06-19-2009 at 08:37 PM..
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  #13234 (permalink)  
Old 06-19-2009, 08:45 PM
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USDCHF

Very weak closing for USDCHF.... I think it's very likely a diagonal triangle is unfolding here, as I have already posted yesterday for the pair......


Last edited by brad_1199; 06-19-2009 at 08:51 PM..
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  #13235 (permalink)  
Old 06-19-2009, 08:54 PM
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GBP/JPY 1h - siginificant top

After a brutal week, the GBP/JPY count has cleared up. I see 3 waves up after 5 down. I'm short against Friday's high.

First count was forced and trade got stopped out with small gains.
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Last edited by broyboy; 06-19-2009 at 09:49 PM..
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  #13236 (permalink)  
Old 06-19-2009, 09:15 PM
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GBPJPY

Quote:
Originally Posted by broyboy View Post
After a brutal week, the GBP/JPY count has cleared up. I see 3 waves up after 5 down. I'm short against Friday's high.

First count was forced and trade got stopped out with small gains.
GBPJPY DAILY CHARTS ------------>



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  #13237 (permalink)  
Old 06-19-2009, 10:18 PM
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[quote=brad_1199;297054]GBPUSD DAILY CHARTS ------------>

So if your wave count is correct then S&P would most likely go over 1000? Most of the big firms already sold/shorted so sentiment needs to take a complete 180 turn by next week?

Net Corporate Selling
April '09 - $10 Bln
May '09 - $63 Bln.
Source: TrimTabs

Net Insider Selling
April '09 - $1.9 Bln.
May '09 - $2.2 Bln.

Last edited by ekfalcons59; 06-19-2009 at 10:42 PM..
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  #13238 (permalink)  
Old 06-19-2009, 10:50 PM
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USD/CAD

Hey Guys,

Here's an update to the count I'm following for USD/CAD.
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  #13239 (permalink)  
Old 06-20-2009, 12:05 AM
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CAD

Quote:
Originally Posted by justy10125 View Post
Hey Guys,

Here's an update to the count I'm following for USD/CAD.
Looks like we are following a very similar count, with a few variations. I believe we completed the triangle on Friday and have started the move up to complete wave 5. Either way, we should go higher to start the week.
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Last edited by apipintime; 06-20-2009 at 12:27 AM..
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  #13240 (permalink)  
Old 06-20-2009, 01:22 AM
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Quote:
Originally Posted by apipintime View Post
Looks like we are following a very similar count, with a few variations. I believe we completed the triangle on Friday and have started the move up to complete wave 5. Either way, we should go higher to start the week.
Are you showing that wave (Y) of a W-X-Y is going to be in five waves?
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  #13241 (permalink)  
Old 06-20-2009, 01:51 AM
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Quote:
Originally Posted by marketwavez2 View Post
Usd/Yen

=================
2 Chart Update :

=================
End of Wave A
marketwavez, do you have an update to this? With the drop to 96.23 would you consider that the B wave or has the A correction still incomplete.
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  #13242 (permalink)  
Old 06-20-2009, 02:44 AM
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good job!!!!
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  #13243 (permalink)  
Old 06-20-2009, 04:40 AM
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Quote:
Originally Posted by Trading4cash View Post
The Eurodollar makes a seemingly more convincing case for a downward move for sometime, in order to complete a 4th wave.
It seems difficult to the cable going up and eur/usd going down.
For me it s down for both.
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  #13244 (permalink)  
Old 06-20-2009, 04:56 AM
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EUR/USD

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  #13245 (permalink)  
Old 06-20-2009, 05:00 AM
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