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11-05-2009, 10:08 AM
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Hi Jay
Thats the alternative, in case we've had an early inter point come into day come in... (point 3 on the chart)
Here's an inter rotation (changed slighly put a number 8 were the 2 is and you'll get the old rotation)
Personally I'd still like to see the 1.68 for the ITD point (3) high
Last edited by MrWilson; 11-05-2009 at 10:11 AM..
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11-05-2009, 10:18 AM
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Cable
Quote:
Originally Posted by MrWilson
Hi Jay
Thats the alternative, in case we've had an early inter point come into day come in... (point 3 on the chart)
Here's an inter rotation (changed slighly put a number 8 were the 2 is and you'll get the old rotation)
Personally I'd still like to see the 1.68 for the ITD point (3) high
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Is it possible that the recent 'b' be move over to todays peak, and then the '2' point coming in just under the last 'a' (as is the case with the other ITD points coming in below their respective 'a' points). And, if so, how would that change your outlook. Thanks. Jay |
11-05-2009, 10:30 AM
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Quote:
Originally Posted by JohnG_FX
Hi MW
No - ITD 4must be below 1.6250, the due date on my count is tomorrow but as the larger MTD move is down I would expect it to come 1-3 days late
I'm counting ITD 3 as MTD 7. it came early as it was an MTD cycle turn.
The MTD cycles are not as clean as I would like - but the count works on the MTD time frame that I posted last Saturday (attached)
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Hi John,
I know you feel so much discomfortable with a late ITD1 as a bottom of the early MTD6 that you proposed this count. But doesn`t it matter that early ITD 1 in your count is out of its time window?
Inverted ITD 12 and ITD 1 bottom looks so much better to me - ITD 1 as an important low fits into rules too.
I`m not trying to be an egg smarter than the hen (you have far more experience), I`m just trying to understand why do you accept ITD1 arrival out of its stdev time window.
edit: I thought once a propper order is established ITD points are "welded" to their position.
Patryk
Last edited by fazi; 11-05-2009 at 10:38 AM..
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11-05-2009, 10:48 AM
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Cable
Quote:
Originally Posted by MrWilson
On the SITD frame, todays price exceeded the last SITD swing high on the 29th Oct (1.6602) hinting the ITD frame is up...
Personally I'd like to see the 123.6% ext at 1.6683....
120min GBP Z
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Here's a scenario that would allow that to play out. A possible triangle forming before the NFP tomorrow, a surge out to complete (v) of 1 of C, then a hard sell off to form wave 2 of C. Just thinking out loud. |
11-05-2009, 10:48 AM
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Quote:
Originally Posted by apipintime
Is it possible that the recent 'b' be move over to todays peak, and then the '2' point coming in just under the last 'a' (as is the case with the other ITD points coming in below their respective 'a' points). And, if so, how would that change your outlook. Thanks. Jay
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Hi Jay you mean put the point 2 under the 26th oct low (1a on the chart) ?
The delta (a-b) points can only occur on odd numbers of a rotation..
So its has to be labled (1a-1b) then point 2 on the 3rd of Nov.
Point 3 could come in on the 3TD (6th Nov) for you bear count if the NFP are a problem.
But I'd rather have a clean run to the 5TD or 8TD 
Last edited by MrWilson; 11-05-2009 at 10:54 AM..
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11-05-2009, 10:50 AM
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Ichi 4h, daily charts - picture is undoubtedly bullish - both charts show bullish crosses, on both charts price is above kumo cloud and chikou span is above previous price action, future kumos are bullish - I can hardly imagine bearish action in theese circumstances.
First serious resistance area is the top of weekly kumo at 1.6826
Patryk
Last edited by fazi; 11-05-2009 at 10:53 AM..
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11-05-2009, 11:06 AM
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Quote:
Originally Posted by MrWilson
Hi Jay you mean put the point 2 under the 26th oct low (1a on the chart) ?
The delta (a-b) points can only occur on odd numbers of a rotation..
So its has to be labled (1a-1b) then point 2 on the 3rd of Nov.
Point 3 could come in on the 3TD (6th Nov) for you bear count if the NFP are a problem.
But I'd rather have a clean run to the 5TD or 8TD |
So, the scenario that I just posted (triangle) would be consistent with a clean run to the 5TD or 8TD? |
11-05-2009, 11:24 AM
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Quote:
Originally Posted by apipintime
Here's a scenario that would allow that to play out. A possible triangle forming before the NFP tomorrow, a surge out to complete (v) of 1 of C, then a hard sell off to form wave 2 of C. Just thinking out loud.
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Jay - slightly modified version - x wave triangle
Patryk |
11-05-2009, 11:55 AM
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Quote:
Originally Posted by fazi
Jay - slightly modified version - x wave triangle
Patryk
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Hey Patryk,
Nice possibility, and your count has the advantage of having a nice A=C (ABC). I was originally tracking the ABC from the 1.6250 area, but am leaning towards my alternate. Time will be the judge. Either way, I am much more bullish than bearish. Jay |
11-05-2009, 12:13 PM
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- despite some fairly wild swings, price remains relatively contained
- below 6600 and it could be a slow grind towards 6470/6500 range for another bounce up to resume the bullish move
- a move below the trendline support mentioned above would give way to further dollar strength
- 30min chart showing bearish divergence for the short term - a move below 6550 should accelerate losses towards support levels
- we could begin to triangle up between 6550-6590 range - but the 1hr seems to be indicating continuation rather than consolidation
- sell zones: 6580-6630
- buy zones: 6470-6500
keepin it simple
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11-05-2009, 12:49 PM
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Update
Hello everyone....I hope you all making money....lets get rich...!!!!!
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Last edited by Breeze; 11-05-2009 at 01:04 PM..
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11-05-2009, 01:07 PM
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hmmm
Quote:
Originally Posted by Breeze
Hello everyone....I hope you all making money....lets get rich...!!!!!
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nice chart breeze |
11-05-2009, 01:09 PM
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sorry for the late chart...I thought it was uploaded @ 00:30am....
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11-05-2009, 01:15 PM
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So, Ichi is saying up, delta suggests down, very interesting.
This is what i'm thinking from a short term point of view, my view is very much like Breeze's, he just got his chart posted faster then I did. 
I'm still bullish until proven otherwise, however its not time to get into any trades. I'm waiting for another break and hold above 1.66 or a test and hold above that 1.6550-60 level.
Last edited by Alex Denlinger; 11-05-2009 at 01:20 PM..
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11-05-2009, 01:24 PM
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Quote:
Originally Posted by lovelyforex
nice chart breeze
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Thank you this is my positions on the market.
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Warning follow @ own risk...I dont use stop loss I hedge
Last edited by Breeze; 11-07-2009 at 09:59 PM..
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