|
|
 |
|
07-05-2009, 07:57 PM
|
 |
Member
|
|
Join Date: Oct 2008
Posts: 1,389
|
|
|
Brad - Cable
Hey Brad,
Here is a chart of what I was describing, using more appropriately W-X-Y for annotations. My reasoning for this, is that I don't think the equity markets or oil are done with their corrections. In fact, I think that we are half way through on both. This should lead us into a summertime correction, and then a rally into the last half of the year. Just my 2 cents.
|
07-05-2009, 08:00 PM
|
 |
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
|
GbpUsd
Chart Result :
Well, Well , Well ,,,,,,,,,
- we dind't get a rally here since the market on the opened ...........
This trade set-up is now Ubnable ----
-------------------------------------------------------------------------- ---------
Price action Unable to reach entry price of 6352
----------------- ------------------------------------------ ----------------
Last edited by marketwavez2; 07-05-2009 at 08:03 PM..
|
07-05-2009, 08:02 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
|
GBPUSD
Please take a look at the post 13985, a couple of days ago.
It describes GBPUSD very well, I think.
|
07-05-2009, 08:06 PM
|
 |
Member
|
|
Join Date: Apr 2008
Posts: 1,495
|
|
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....  |
Hi Brad,
Like AP said, that target for GBP USD is towards the end of this year. Likewise for GBP JPY, I am not saying we are now ready to break 118. We'll probably see a medium term trend down until the end of the summer, before rallying higher again.
Last edited by cmellon; 07-05-2009 at 08:09 PM..
|
07-05-2009, 08:14 PM
|
 |
Member
|
|
Join Date: Jul 2004
Posts: 202
|
|
Quote:
Originally Posted by marketwavez2
GbpUsd
Chart Result :
Well, Well , Well ,,,,,,,,,
- we dind't get a rally here since the market on the opened ...........
This trade set-up is now Ubnable ----
-------------------------------------------------------------------------- ---------
Price action Unable to reach entry price of 6352
----------------- ------------------------------------------ ----------------
|
This move down edit(ment to say price action) just looks more corrective than impulsive to me.....I relabled you chart....let's see if something like this happens before resuming the down trend....
__________________
Chemistry....It's Elementary!
Last edited by Zero Gravity; 07-05-2009 at 08:22 PM..
|
07-05-2009, 08:34 PM
|
|
Member
|
|
Join Date: Jul 2004
Posts: 202
|
|
|
Cable Count
Well,
Here is a bullish count for cable...as unlikely as it seems.....
The big money question is my wave C labled here ending at 6280.... I imagine one of the Ellioticians in the bunch will have something to say here :-)
__________________
Chemistry....It's Elementary!
|
07-05-2009, 10:11 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
|
GBPUSD
GBPUSD seems to be the flavour of the day today.
Here is my most likely scenario and I am watching it.
Once I see the wave structure that loks complete, i will go long.
|
07-05-2009, 10:23 PM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 1,389
|
|
|
Cable
Quote:
Originally Posted by Big Mike
GBPUSD seems to be the flavour of the day today.
Here is my most likely scenario and I am watching it.
Once I see the wave structure that loks complete, i will go long.
|
Hey Mike,
If that's an ending diagonal, then each of the subwaves must reflect a 3-3-3-3-3. |
07-05-2009, 10:31 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
|
Gbp/Usd
-----------------
|
07-05-2009, 10:33 PM
|
|
Member
|
|
Join Date: Jul 2004
Posts: 202
|
|
Quote:
Originally Posted by Zero Gravity
Well,
Here is a bullish count for cable...as unlikely as it seems.....
The big money question is my wave C labled here ending at 6280.... I imagine one of the Ellioticians in the bunch will have something to say here :-)
|
Trend line at 6280 broken....loss 32 pips. -'mmm looks like I'll need to revisit the bear trend!
__________________
Chemistry....It's Elementary!
|
07-05-2009, 10:44 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
Quote:
Originally Posted by marketwavez2
Usd/Cad
------------------------------------
Wave count ............ 
|
Usd/Cad
---------------- ------------
Chart UpdaTE ............. |
07-05-2009, 10:45 PM
|
 |
Member
|
|
Join Date: Apr 2009
Posts: 191
|
|
Quote:
Originally Posted by apipintime
Hey Mike,
If that's an ending diagonal, then each of the subwaves must reflect a 3-3-3-3-3.
|
Unlike the Leading Diagonal that has a 5-3-5-3-5 pattern as shown below. |
07-05-2009, 10:48 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
Gbp/Usd
Long Term View ( daily bars ) ..................
==============================
|
07-05-2009, 10:55 PM
|
|
Member
|
|
Join Date: Oct 2008
Posts: 1,389
|
|
|
LD
Quote:
Originally Posted by EZCashDreams
Unlike the Leading Diagonal that has a 5-3-5-3-5 pattern as shown below.
|
Nice EZCD! |
07-05-2009, 11:07 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
|
Usd/Yen
End of Wave 4
================
Last edited by marketwavez2; 07-05-2009 at 11:22 PM..
|
|
|
| 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
|
|
|
|
