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07-05-2009, 11:31 AM
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USDCHF
On the swissy, I'm considering this as a possible outcome which favors near-term dollar weakness followed by dollar strength when we begin forming 'c'
We may also continue forming the current 4th wave into the 1.10 area before resuming the downtrend. And all Majors can then resume in lock step strengthening against the dollar.
Last edited by Trading4cash; 07-05-2009 at 11:37 AM..
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07-05-2009, 11:45 AM
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Eur-Aud
Perhaps this would be close of retracement also to start rolling.
>>>>>MARKET GEOMETRY<<<<< |
07-05-2009, 12:18 PM
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GBPUSD
Cable ended last week looking pretty weak... I think we just might see a breach of the lower channel line this week....
Last edited by brad_1199; 07-05-2009 at 12:22 PM..
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07-05-2009, 12:18 PM
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Quote:
Originally Posted by Zero Gravity
The daily chart on the EurUsd still looks bullish, at least until C is complete.
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Where does wave (1) on your chart begin and end? |
07-05-2009, 12:31 PM
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Eur-Usd
Eur-Usd Count (240 Min).
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07-05-2009, 12:55 PM
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CADJPY
Still looking for a rally to 85.00-86.00 in CADJPY for long term short entry..... Price should start heading upward soon... Fib support directly under recent price action has clearly been supportive not allowing price to decline any further yet....
Last edited by brad_1199; 07-05-2009 at 12:58 PM..
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07-05-2009, 04:46 PM
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Quote:
Originally Posted by justy10125
Where does wave (1) on your chart begin and end?
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Wave 1 begins at the first move down from the peak of wave 5 at 1.6014 that occured on 4/25/08. My daily chart data only goes back 12 months.....:-(
__________________
Chemistry....It's Elementary!
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07-05-2009, 05:37 PM
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an unusual request
Hey, Brad_1199, I follow many of your posts on long term trading, as I'm trying the suit myself; and also like your comments on candlesticks very much.
Do you happen to know of any free chart software that show yearly candlesticks? So far I have only seen monthly times frames, and while that should suffice to most people, I'm intrigued as to what yearly time frames might show up... maybe said software doesn't even exist, just wanted to try my luck.
Thanks in advance
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07-05-2009, 06:43 PM
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GBPUSD
Cable has just violated the lower channel line I have been watching after being rejected from the 100.0 fib extension of wave "A" .... I have just entered short and looking to see where this goes...
Last edited by brad_1199; 07-05-2009 at 06:45 PM..
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07-05-2009, 07:09 PM
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EURUSD
It looks like EURUSD will form a triangle, after all.
More patience is required.
As a trader, I will need to develop a Buddhist, contemplative attitude.
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07-05-2009, 07:16 PM
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Quote:
Originally Posted by brad_1199
Cable has just violated the lower channel line I have been watching after being rejected from the 100.0 fib extension of wave "A" .... I have just entered short and looking to see where this goes...
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I think, it is a bear trap. Be careful.
My count is showing that it will move up from around 1.62 |
07-05-2009, 07:19 PM
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CMELLON
Cmellon... I was just sitting here thinking of your delta projections for GBPUSD above 1.8000 and I think it's very unlikely... Also that projection is in great contrast to the bearish projection you currently hold for GBPJPY....
This dam market is a mess....  |
07-05-2009, 07:24 PM
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Quote:
Originally Posted by Big Mike
I think, it is a bear trap. Be careful.
My count is showing that it will move up from around 1.62
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Which count is that Big Mike ??? I don't see a chart  |
07-05-2009, 07:43 PM
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Cable
Quote:
Originally Posted by brad_1199
Cmellon... I was just sitting here thinking of your delta projections for GBPUSD above 1.8000 and I think it's very unlikely... Also that projection is in great contrast to the bearish projection you currently hold for GBPJPY....
This dam market is a mess.... |
Hey Brad,
I think that projection was for sometime around November of this year, and it is quite possible that we have just completed wave A of a bigger A-B-C on cable. Meaning that we correct for the next couple of months in a B wave and then rally into the end of the year in a wave C. Given that you are projecting a massive surge in oil, that is not going to happen without equal weakness in the dollar. |
07-05-2009, 07:51 PM
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Quote:
Originally Posted by brad_1199
Which count is that Big Mike ??? I don't see a chart |
Ha Ha, you're right, where is the chart? Doing these charts is lots of fun.
Anyway, my argument is that the GBPUSD has some more business to do before it collapses. The way I see it, wave C needs another peak before it terminates. Whether it is 1.75 or 1,80 as per Cmellon, I do not know. Only the wave structure closer to the end will tell us the final number.
But, we should see 1.75 before seeing 1.50, IMHO. |
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