Thread: GBP and JPY Pairs H1 2013

Originally Posted by Carlos Paiva

Good catch!

tks - didn't play from the start but managed to catch it on the first pullback at 3605 for 50 pips, and i was in the pub

just finished a scalp long off the 92 to 3525 and shorts back in hopefully for a 3477 play so i can take the longs waiting from there.. will find out...

GL..

Hey folks I cant seem to find the answer in searches so here it is,

Can a wedge take place as an A wave.

Or is a wedge kind of a terminal structure (I believe I have heard this)

Need info because it looks like what we are in at the moment is a wedge thus turn around soon just the 4 and 5 left then the march up for a good ways.

it looks like ED 5th (look on my chart)

on shorter time frames aud resis 9760-63 ... gu 5586-88 and eu testing now 31-33...
gu 5522 touch completes the min drop, aud 9677 and eu 3472-76..
if these resis holds out a drop more likely on moves to be completed..
i may have taken 5568 short on gu way too early.....
heading out for a while with some entries to short from above points to adding and stops above...

GL..

Originally Posted by szaman1977

it looks like ED 5th (look on my chart)

yah I think it is Although where you have C ending could very well be an A and thus a B with a C will finish off the bigger pattern to what I believe will be the lowest low we will have for a while.



Just a thought for you if it was an ed your labeling should be showing 3-3-3-3-3 no 5 wavers in there unless your implied C is part of an ED on a larger time frame (just realized that could be)

Originally Posted by captester

yah I think it is Although where you have C ending could very well be an A and thus a B with a C will finish off the bigger pattern to what I believe will be the lowest low we will have for a while.

yep - it's also possible

well I have 1.3420 and 1.3404 at targets from 2 time frames so that could be interesting. It is certainly worth watching
but if we get a retrace soon then it will prob be an ugly B and the ensuing C would hit the area around 1.3253 which is my T2 on the bigger time frame on my preferred count.
well nap time for now
Might as well go do some snoring to keep the wife awake she appreciates that so very much

Originally Posted by captester

Hey folks I cant seem to find the answer in searches so here it is,

Can a wedge take place as an A wave.

Or is a wedge kind of a terminal structure (I believe I have heard this)

Need info because it looks like what we are in at the moment is a wedge thus turn around soon just the 4 and 5 left then the march up for a good ways.

leading diagonal can be an A wave, p.19: http://www.fusioninvesting.com/Files...liot-waves.pdf

hey guys, i'm less keen on it getting far lower but i think we could have a bit more to go. heres my count for now. looks like we could be ending a correction to me. Look at the divergence. just took a nice quick scalp off the end of d wave at resistance:

Attachment 98970

looks like decent support on the 2hr chart as well:

Attachment 98971

I'm unsure about next week. May go higher as Bernanke is going towards QE3, but theres still a big gap on the dax that needs closing and i'm a little worried about that. I like the analogy method of trading, where patterns are repeated. and with the one i posted last night that turned out to work, whats to say that the short term may not roughly relate to the longer term???:

Attachment 98972
still looking for the 38.2 retracement

Also gave me a chance to use my creative drawing

Originally Posted by MysticMegatron

hey guys, i'm less keen on it getting far lower but i think we could have a bit more to go. heres my count for now. looks like we could be ending a correction to me. Look at the divergence. just took a nice quick scalp off the end of d wave at resistance:

Attachment 98970

looks like decent support on the 2hr chart as well:

Attachment 98971

I'm unsure about next week. May go higher as Bernanke is going towards QE3, but theres still a big gap on the dax that needs closing and i'm a little worried about that. I like the analogy method of trading, where patterns are repeated. and with the one i posted last night that turned out to work, whats to say that the short term may not roughly relate to the longer term???:

Attachment 98972
still looking for the 38.2 retracement

Also gave me a chance to use my creative drawing

about your first chart - ABC as 3-3-3 ? I know about 3-3-5 and 5-3-5 but not 3-3-3

Originally Posted by szaman1977

about your first chart - ABC as 3-3-3 ? I know about 3-3-5 and 5-3-5 but not 3-3-3

thats because technically there is no 333 in an ABC correction it is labeled as WXY and is known as a triple zigzag or triple three depending on its structure. but its still a valid count just easier to label that way cause most people know ABC

Originally Posted by szaman1977

about your first chart - ABC as 3-3-3 ? I know about 3-3-5 and 5-3-5 but not 3-3-3

not necessarily a flat

Originally Posted by Mary R

as far as the Holy Roman Empire was concerned, it was neither holy nor Roman. It was actually the first German attempt to take over Europe. So you could say it took them 2000 years but they finally got what they wanted.

That is sooo true. I wonder whether the French realize they are part of the Fourth Reich?!! haha

If Europe ramps up that EFSF from $400B to the $3-trillion it will actually need for bailouts, they will have to "print" 3-million new €1-million currency notes LOL... and they could put a picture of Merkel on each €1-million note

And how about these new Federal reserve notes that honour everyone's favourite optimist

Originally Posted by SkiBunny

That is sooo true. I wonder whether the French realize they are part of the Fourth Reich?!! haha

If Europe ramps up that EFSF from $400B to the $3-trillion it will actually need for bailouts, they will have to "print" 3-million new €1-million currency notes LOL... and they could put a picture of Merkel on each €1-million note

And how about these new Federal reserve notes that honour the decider

A lot of self proclaimed genius pooh-bahs have written books comparing the US to the Roman Empire- it's almost a cliche and worn out topic. People actually said the same thing about the British Empire ,which actually was an empire, much more so than the US. Im sure you know that the influence of Great Britain is still felt all over the world, which is why English is the universal language now, the "reserve" language, and it probably will be for a long time. But the UK isn't really an empire anymore, and it doesn't really make any difference, the country is still relatively prosperous by world standards, and nobody really cares about the fact that they "gave" Hong Kong back to the Chinese are anything else.
I have the opinion that history doesn't repeat itself because its never that simple and the universe is a lot more random than that.

As far as increasing the EFSF, even if Chancellor Merkel bowed to international pressure and was willing to continue to write blank bail out checks, she would be prevented from doing so by the German parliament, which has to approve every increase in the EFSF. So I'm afraid there will be more pain and writeoffs in the EU.But if the ECB takes aggressive action now and adds liquidity to the market they might be able to prevent a complete freezing up of the credit markets. Unfortunately, it might already be too late