|
|
 |
|
06-21-2009, 11:22 PM
|
 |
Member
|
|
Join Date: Jul 2005
Posts: 4,488
|
|
Quote:
Originally Posted by apipintime
Market,
From the briefest of encounters to the longest of relationships, we learn something from every single interaction that we have throughout our lives.
|
If that's what you believe .... then so be it !............. 
Last edited by marketwavez2; 06-21-2009 at 11:35 PM..
|
06-21-2009, 11:24 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 4,488
|
|
|
Usd/Yen
This are the chart updates to the earlier posts ( short term )
------------------------------------------ ---------------- -------------- -------------
|
06-21-2009, 11:40 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 4,488
|
|
Gbp/Usd
Wave count ..............
/////////////////////////////////////////
|
06-21-2009, 11:53 PM
|
 |
Member
|
|
Join Date: Apr 2009
Posts: 343
|
|
Quote:
Originally Posted by Zero Gravity
Here is something interesting on the daily charts. If 95.50 hold as a bottom here, we could see completion of the inverse head and shoulders to finish up wave C of and expanded flat that has been in the making since January. Otherwise a push below 95.50 looks to take us back down to the 93.50 area.
I'm currently long from 96 with a stop at 95.30 looking for a move up through towards 103. Since money management is the topic of the day....my target is 101.5 for half and 103 for the remainder. 70 pips maxium loss vs. a target of 450 pips.
|
I posted basically the same chart last week and went long. I exited the trade with a 90 pip gain because I was not sure we hit the bottom yet. Now we just had what I think is 5 waves down from 97.17. So from here I would think we get a 3 wave correction and then 5 more down. |
06-22-2009, 12:01 AM
|
 |
Guest Moderator
|
|
Join Date: Sep 2005
Posts: 3,179
|
|
|
CABLE
Quote:
Originally Posted by marketwavez2
Gbp/Usd
Wave count ..............
/////////////////////////////////////////
|
I doubt we'll be seeing anymore upside so quickly... From the way price action looks on the daily chart of Cable, I think it looks like a barrier triangle playing out.. Bears or Short term traders can likely find a decent opportunity on the short side this week....
 |
06-22-2009, 01:45 AM
|
 |
Member
|
|
Join Date: Jul 2004
Posts: 208
|
|
Quote:
Originally Posted by Trading4cash
I don't see any reason why it would not extend into the 94 territory before resuming the long uptrend, If you consider correlation as a guide to your trading, The Yen is clearly strengthening against all majors, How long this theme will last? No idea. The dollar also seems to be making the same moves.
Edit: Also note the slanting neckline which would commonly indicate a lower right shoulder
|
If that is your view, did you make a trade and short it? Below my stop at 95.30 and we should see clear down the 93.50 to the boundry I've drawn with a line. This could very well be a longer term triangle...I guess we will see!
__________________
Chemistry....It's Elementary!
Last edited by Zero Gravity; 06-22-2009 at 01:49 AM..
|
06-22-2009, 02:07 AM
|
|
Guest Moderator
|
|
Join Date: Sep 2005
Posts: 3,179
|
|
|
USDCHF
Here's an update to USDCHF from last week... There appears to be a little strength in this pair still holding it up, but I still think a diagonal triangle is playing out to the down side.. One thing we see commonly in the diagonal triangle is a throw under outside of the diagonal in wave 4 before a throw over of the top of the diagonal in wave 5.... That could be exactly what's going on here.. Might be a little tricky for untrained eye... But I think this is probably what is happening here...
 |
06-22-2009, 06:24 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 182
|
|
Quote:
Originally Posted by Zero Gravity
If that is your view, did you make a trade and short it? Below my stop at 95.30 and we should see clear down the 93.50 to the boundry I've drawn with a line. This could very well be a longer term triangle...I guess we will see!
|
No short positions but I would add more long positions if we get into the 94.** area with the same stop of 93.87, So I suppose overall I'm also bullish from these levels. |
06-22-2009, 06:56 AM
|
 |
Member
|
|
Join Date: Oct 2008
Posts: 1,719
|
|
|
Loonie update
Here is an update from friday's post. It looks as if we are in the process of completing wave 5 of a zigzag off of the 1.0783 lows. 1.1548 is the projected fib extension wave 5 target taken from the wave1,3 and 4 data points.
|
06-22-2009, 06:59 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 8
|
|
|
cable
|
06-22-2009, 07:01 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 8
|
|
|
Cable
C/2 is a good point to sell. Waiting for that.
Good luck to all
|
06-22-2009, 07:05 AM
|
 |
Member
|
|
Join Date: Jun 2008
Posts: 158
|
|
|
Chart
Quote:
Originally Posted by philoos
C/2 is a good point to sell. Waiting for that.
Good luck to all
|
Could we see your Chart Philoos?
Regards |
06-22-2009, 07:43 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 8
|
|
|
The chart is just before this one.
|
06-22-2009, 07:46 AM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 1,719
|
|
|
Philoos
Quote:
Originally Posted by philoos
The chart is just before this one.
|
Hey Philoos,
There is no chart. |
06-22-2009, 08:17 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 182
|
|
|
EUR/GBP
Still tracking the Eur/GBP. We may have completed 5 down.
|
|
|
|
Tags
|
5 waves, abc, corrective, count, elliott wave, ewi, extension, fib, fibonacci, impulse, prechter, retracement  |
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
