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12-09-2007, 11:40 PM
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Quote:
Originally Posted by spin the o
wouldn't computer trading make EW obsolete?
Computers have no emotions...
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Trading with computer difinately will take the emotion out of trading .......
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More importantly ,
It will keep you disciplined especially when it comes to your Risk to Reward
trading parameters that you set for yourself .......
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Many traders fail because they don't study sound money management techniques -
Every trader has to learn his own risk tolerance and apply it without listening to news !
Nothing in trading causes more emotion than listening to news and waiting for reports .
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This is where the computer generated entries will have the edge .........
Last edited by marketwavez2; 12-09-2007 at 11:58 PM..
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12-10-2007, 12:01 AM
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Usd/Nzd
Hi all ,,,,,
Here is the Nzd/Usd on a 5 min chart ..............
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618% retracement ?
Got my eye on you there buddy !
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12-10-2007, 12:18 AM
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Nzd/Usd
Ok , moving along ,
I just posted that chart and look we got a small rise out of that
618 Retracement Line and look at this ...............Wow !
Maybe , there may now be some sign of support .............
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12-10-2007, 12:23 AM
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Nzd/Usd
Here is the short-term picture that may be ocuuring going into tommorow's USA trading session
This is only a Probability !................It is Not Cast in Stone........
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Last edited by marketwavez2; 12-10-2007 at 12:25 AM..
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12-10-2007, 12:55 AM
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Moderator
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Quote:
Originally Posted by spin the o
wouldn't computer trading make EW obsolete?
Computers have no emotions...
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computers are still programmed by people. there will always be the 'human element' unless aliens of some sort take over...as far as i know that threat doesn't really exist
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12-10-2007, 01:03 AM
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Quote:
Originally Posted by marketwavez2
Nzd/Usd
Ok , moving along ,
I just posted that chart and look we got a small rise out of that
618 Retracement Line and look at this ...............Wow !
Maybe , there may now be some sign of support .............
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Let's take a step back and put things in perspective. To me, Kiwi needs a C wave in order to complete a large A-B-C before we can think about getting bullish. C waves are usually sharp too so be careful if you are long. A push through .7891 isn't impossible though as we could see an expanded flat.
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12-10-2007, 09:55 AM
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hey guys,
here is a closeup of the chart i posted yesterday on the usd/jpy. (post 2118). Patern on this chart is difficult to count so I have to rely on the bigger picture count (wave iv if III of 3 down) plus the price resistance zone i had pegged for the reversal. So far, this resistance zone is hold up as great resistance. We are now hanging out around the lower line of the zone. Curious to see what happens from here. price may hang out till tomorrows Fomc meeting.Either way, im looking for significant usd weakness this week.
Last edited by italm31; 06-11-2008 at 06:59 AM..
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12-10-2007, 10:02 AM
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I expect to see a setback as well in the USDJPY. Hopefully, the decline is a clear 5 or clear 3 and clarifies the bigger picture. At this point, the rally from 107.20 could be a 3 wave correction...or the rally from 109.56 could be the first wave of a C.
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12-10-2007, 10:28 AM
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I agree with Jamie's assessment of Kiwi weakness coming soon. Weeks ago, I called for the Aud/Nzd to retrace back to 1300 level for a final C wave before the uptrend continues. (post # 1373 on page 92) We are now there. Expect the uptrend to resume shortly.
Last edited by italm31; 06-11-2008 at 06:59 AM..
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12-10-2007, 10:57 AM
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Hiiiiii there
i think.............
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12-10-2007, 11:03 AM
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This count is similar to mine on the weekly. The only difference is that I am looking for near term weakness before the larger advance begins
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12-10-2007, 11:20 AM
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Quote:
Originally Posted by Jamie Saettele
This count is similar to mine on the weekly. The only difference is that I am looking for near term weakness before the larger advance begins
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Watch out for a reversal in the Dow and carry now...the rallies look complete
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12-10-2007, 11:37 AM
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Quote:
Originally Posted by blueman
i think.............
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thanks Jamie
and maybe ...daily counting ..........near term bearish......
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12-10-2007, 11:46 AM
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Quote:
Originally Posted by Jamie Saettele
Watch out for a reversal in the Dow and carry now...the rallies look complete
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Once again, I tend to agree with Jamie on this one. (See, we don't always disagree...lol). Gbp/Jpy is looking very interesting with at least a very sharp decline on the way. Once the decline gets started, at the very minimum, even if it were a Cwave and not a wave 3, 209.45 is the typical c wave target. Momentum to the upside seems to be turning. The only thing that could go wrong is the subdivisions not being as clear as I would like. This is why I have to refer to larger term pattern to tell me where I am, as well as fib level to tell me when it will end. But with Yen pairs, what else is new.
Last edited by italm31; 06-11-2008 at 06:59 AM..
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