Jan 22, 2008 6:44am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Price has moved back UP above the median line of the Andrew's Pitchfork on the Daily Chart.
Lower side of the proposed triangle was breeched. However no breakout was seen on the Daily and the 4 hour chart yet. Just had it breeched.
a new 4 hour candle has opened above the median line. If it closes above the median line, chances are higher that this will continue upwards with some retraces a long the way towards the upper side of the proposed triangle.
Looking forward to a 3 wave structure towards the upper side of this triangle.
If price goes higher than Low of Green A 1.4589, then this is a second confirmation that we are more likely to get that 3 wave up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81081&stc=1&thumb=1&d=1201002236 http://www.forexfactory.com/attachment.php?attachmentid=81082&stc=1&thumb=1&d=1201002236 http://www.forexfactory.com/attachment.php?attachmentid=81089&stc=1&thumb=1&d=1201003216
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 22, 2008 7:00am
http://www.forexfactory.com/images/buttons/quote.gif #1631
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 22, 2008 7:11pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Could be a sideways retracement for now to pan out a 3 wave structure goung up to the upper side of the Triangle of EURUSD.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81255&stc=1&thumb=1&d=1201046853 http://www.forexfactory.com/attachment.php?attachmentid=81256&stc=1&thumb=1&d=1201046853 http://www.forexfactory.com/attachment.php?attachmentid=81257&stc=1&thumb=1&d=1201047037 http://www.forexfactory.com/attachment.php?attachmentid=81258&stc=1&thumb=1&d=1201047037
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 22, 2008 7:39pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GOLD
for those interested in GOLD, This commodity has caught my attention since December of 2007 when it was developing the Triangle wave 4.
This is how I would watch it .
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81267&stc=1&thumb=1&d=1201048670 http://www.forexfactory.com/attachment.php?attachmentid=81268&stc=1&thumb=1&d=1201048670 http://www.forexfactory.com/attachment.php?attachmentid=81269&stc=1&thumb=1&d=1201048694 http://www.forexfactory.com/attachment.php?attachmentid=81270&stc=1&thumb=1&d=1201048694
http://www.forexfactory.com/attachment.php?attachmentid=81273&stc=1&thumb=1&d=1201049085
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1633
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 22, 2008 8:02pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
wave 3 and 4 RED of Wave C green wave count were revised.
wave 2 green rertaced 38.2
wave 4 retraced 23.6
new wave 2 or b BLUE may retrace
38.2
50
61.8
looking for a 3 wave structure pullback or retrace from 1.4683 towards 1.4365
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81276&stc=1&thumb=1&d=1201050109
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1634
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 1:20am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
2 opposite Potential Directions for EURUSD
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81326&stc=1&thumb=1&d=1201069212 http://www.forexfactory.com/attachment.php?attachmentid=81327&stc=1&thumb=1&d=1201069212
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1635
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 4:26am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD seemed to have taken the path for a 5 wave structured wave A Green A5.
Followed by a Zigzag wave B. Note on the far right side Green FIB Extention Tool that Price pierced the FE 100.0 Level @ 1.4577
Note also the Purple FIB Retracement tool on the FAR Right where we see that Zigzag Wave B has made a 35% retracement of wave A.
Now... technically, wave B is supposed to retrace wave A by at least 50%. However, I do not think this is a hard fast rule. Specially because a C=A has been achieved within a 23.6-38.2% retracement.
A little help was drawn from Stochastics and ADX on the 5min , 15 min and 30min charts.
So I favor more the Upward move of Price for now to complete the wave D up to the upper side of the wave 4 Triangle on the Daily Chart.
UNLESS...
Price going higher than previous high on the zigzag component @ 1.4645 will increase chances of going up while
Price going lower than 1.4575 which was the end of the Zigzag wave B will indicate that previously thought of as wave B was actually sub wave 1 of a sub wave c of wave B
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS. I have scalped the wave B Leg for 12 and 24 pips earlier. But am now out of the trade. Looking at how this will develop.
Preferring to enter a Short trade from the top unless a good opportunity to place a Long Trade to 1.4850 arises.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81354&stc=1&thumb=1&d=1201080164 http://www.forexfactory.com/attachment.php?attachmentid=81355&stc=1&thumb=1&d=1201080164
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 5:00am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Still not in a trade.
Price has breeched and broken out to the downside of 1.4575.
So scenario will now be a continuing development of wave b to the down side. This means a sub wave c from 1.4645 going down to either of the following levels:
FIB Extention tool
FE 100.0 Attained
FE 161.8 @ 1.4532
FE 261.6 @ 1.4461 This should be the maximum projection which is said to be rare for the C relationship with A on a Zigzag
FIB Retracement Tool
38.2% @ 1.4562 has been attained
50% @ 1.4525 minimum supposed to be for a wave B
61.8% @ 1.4487
78.6% @ apprtoximately 1.4434 maximum for wave B to retrace wave A
78.6% retrace is a level way beyond the maximum allowed for a Rare Zigzag C relationship with A
I will look for an opportunity to trade Long on this pair once 50-61.8% retrace is attained. Will look at stochastics, adx and trendlines within each TF to determine potential entry for a LONG Trade.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81362&stc=1&thumb=1&d=1201082389
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1637
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 5:59am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Potential for an Ending Diagonal wave c to end wave B
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81377&stc=1&thumb=1&d=1201085801 http://www.forexfactory.com/attachment.php?attachmentid=81382&stc=1&thumb=1&d=1201086877
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 23, 2008 6:14am
http://www.forexfactory.com/images/buttons/quote.gif
#1638
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 6:37am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
So far going as planned
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81386&stc=1&thumb=1&d=1201088169
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1639
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 6:59am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD Alternative Patterns
the 3-3-3-3-3 pattern for the triangle seemed incomplete with the throwover.
It could be a bigger triangle or turn out to be an impulse wave c so a channel is proposed.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81392&stc=1&thumb=1&d=1201089520 http://www.forexfactory.com/attachment.php?attachmentid=81393&stc=1&thumb=1&d=1201089520 http://www.forexfactory.com/attachment.php?attachmentid=81394&stc=1&thumb=1&d=1201089539
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 7:34am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Not trading yet. But just trying to track the price.
Waiting for the better opportunity to trade.
chart is on 1 minute TF.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81403&stc=1&thumb=1&d=1201091670
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1641
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 8:32am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Moving to a smaller time frame...15 mins
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81418&stc=1&thumb=1&d=1201095094
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#1642
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 9:26am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Scrapped the ending diagonal wave c potential.
Price went for the Impulsive channel in 5 waves.
Long @ 1.4548 with SL @ 1.4455, 3 pips below FE 261.8 @ 1.4458 which is the rare level of C relation to A @ FE 261.8
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81425&stc=1&thumb=1&d=1201098204 http://www.forexfactory.com/attachment.php?attachmentid=81426&stc=1&thumb=1&d=1201098204
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1643
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 12:01pm
Learntocount
Member
Member Since Dec 2007
242 Posts
http://www.forexfactory.com/images/icons/icon1.gif
EG,,for future reference, an ending diagnal is not a 3,3,3,3,3 pattern......it is 5,3,5,3,5......waves overlap.........
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#1644
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 12:36pm
http://www.forexfactory.com/nfs/avatar56861_1.gifhcruces
Member
Member Since Dec 2007
114 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Scrapped the ending diagonal wave c potential.
Price went for the Impulsive channel in 5 waves.
Long @ 1.4548 with SL @ 1.4455, 3 pips below FE 261.8 @ 1.4458 which is the rare level of C relation to A @ FE 261.8
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
nice call... what do you think its going to happen with GBP/JPY... heading to 200.00?
http://www.forexfactory.com/images/buttons/quote.gif
#1645
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 12:47pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Hi Tim. Thank you for the reminder.
I just got out in time to capture 24 pips for my Long Trade on EURUSD. that is where the arrow is pointing where I made my exit @ 1.4572
If this works out the way I thought this would as in make that 5 wave move up from a low of 1.4510 on this chart as origin of sub wave c for the wave D up towards the upper edge of the triangle on the Daily chart, then my exit would be too early.
However, since I plan to go to sleep now and get some rest, 24 pips in the bag is still great considering I was able to scalp some more last night (earlier). We can get some more pips later on the move down for wave E or just wait for the end of wave E or better would be wait for the Breakout of the expected triangle.
unless the scenario changes.... then I would have to study the charts again.
Notice the orange Linear Regression channel on the chart. I also use LRC to help me determine potential end of an impulse wave. More like the technique on channeling. So far on that channel, I would say wave 1 of c ended with that RED inverted hammer or shooting star and the bottom of the next red candle is most likely the end of wave 2 unless I am proven wrong and the farthest most red hammer is actually the end. Anyway, exited that trade partly based on the stochastic cross signal and what I seem to see as a finished 5 wave count with that inverted hammer.
capturing the pips now is more important to me than risking it for a potential for some more.
lately, I have started to have a different view with my trading. positive pips in the bag is more of a target now even though how small they may be compared to letting a trade run and risking themby leaving them unless I see a big wave 3 ( in eurusd in particular ).
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81465&stc=1&thumb=1&d=1201109866 http://www.forexfactory.com/attachment.php?attachmentid=81466&stc=1&thumb=1&d=1201109866
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1646
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 1:01pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
moving down the lower TFs
wave 2 may just go a little lower some more to give a better entry for the wave 3 Long Trade.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81468&stc=1&thumb=1&d=1201111251 http://www.forexfactory.com/attachment.php?attachmentid=81469&stc=1&thumb=1&d=1201111251
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 1:28pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Scanning stochastis on different TFs up to 30min chart, I would say that price still has room to go lower than what you see on the chart in this jpeg.
That should fall in line with the wave 2 retrace level of normally at least 61.8% or up to 100% of wave 1.
Ticks on the chart refer to following and is accompannied by why it is possible to end at that level:
FE 100.0 @ 1.4547 is where c=a is for a zigzag
FE 161.8 @ 1.4527 is at the next Zigzag c projection
61.8 Retracement @ 1.4538 is normal retrace level for wave 2
76.4 coincides with FE 161.8
on the 15min chart, notice the stochastics as it approaches level 20. I would be looking for it to touch level 20 and see the crossing of the 2 lines. If I do not get that , I may just altogether skip trading the potential Long trade. Otherwise, that would have been a high probability set up for a good long trade for wave 3.
as it is, chances are quite good already for this wave 2 as it has already breached the former low level to its left but still short even at 50% retracement. 61.8 retrace would be quite good.
now if only I can get as many signals as possible to align, then I would enter this long trade..... but then I will need to continue watching if I do enter.
on the otherhand, I just remembered, it is the afternoon US session already so there could be very little movement from here on till the Aussies come in or till the Asian session.
well, i will just skip this altogether. better to get some rest.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81474&stc=1&thumb=1&d=1201112405 http://www.forexfactory.com/attachment.php?attachmentid=81475&stc=1&thumb=1&d=1201112405
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1648
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 1:50pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
So far so good...Wave C has begun
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81482&stc=1&thumb=1&d=1201114205
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1649
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 2:12pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Quote:
Originally Posted by hcruces http://www.forexfactory.com/images/buttons/viewpost.gif
nice call... what do you think its going to happen with GBP/JPY... heading to 200.00?
to me GBPJPY is in a w4 sideways correction right now for a wave C or 3.
note that I have a magenta horizontal line limit for now on this wave 34. see monthly chart for how I see the direction of price for gbpjpy.
if my wave count is correct and we are indeed on wave 34, then initially, I would assume that wave 34 must not overlap with wave 31 for wave 34 to be valid as a wave 4.
otherwise, an overlap will signal either a possible 5th wave (35) failure or a potential ending diagonal 5th wave on the monthly chart. otherwise, a trend reversal has already taken place.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81484&stc=1&thumb=1&d=1201115464 http://www.forexfactory.com/attachment.php?attachmentid=81485&stc=1&thumb=1&d=1201115464 http://www.forexfactory.com/attachment.php?attachmentid=81486&stc=1&thumb=1&d=1201115522 http://www.forexfactory.com/attachment.php?attachmentid=81487&stc=1&thumb=1&d=1201115522
http://www.forexfactory.com/attachment.php?attachmentid=81488&stc=1&thumb=1&d=1201115550 http://www.forexfactory.com/attachment.php?attachmentid=81489&stc=1&thumb=1&d=1201115550
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1650
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 2:16pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY continued
here is how I see this on the hourly chart.
as you can see, I am trying to fit this wave 5 yellow within the limits of wave 34 first which is somewhere around 198.50
assuming that waves i, ii, iii and iv are valid then using the internal structure of the assumed v wave, by using FIB extention tool, wave 5 yellow is projected to be at either FE 261.8 @ 201.44 or at FE 300.0 @ 200.36, then a potential TP 3 would be @ 200 then TP @ 199.
But because wave 3 yellow was at FE 161.8, I would conservatively target FE 261.8 as the end of wave 5 yellow. The rest will be bonus on the table.
if price goes lower than 34 Limit, ....... then I would have to re assess my wave counts as that would invalidate the basic structure of my wave count on GBPJPY.
initially, a wave 4 UP will be part of the alternative count.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81491&stc=1&thumb=1&d=1201115764 http://www.forexfactory.com/attachment.php?attachmentid=81492&stc=1&thumb=1&d=1201115764
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 2:34pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
So far so good...Wave C has begun
Great work. you were right on this one Jai.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81493&stc=1&thumb=1&d=1201116809 http://www.forexfactory.com/attachment.php?attachmentid=81494&stc=1&thumb=1&d=1201116809
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1652
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 2:56pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
So far so good...Wave C has begun
This is probably where we may differ in our view. But this is just a potential count for me.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81498&stc=1&thumb=1&d=1201118124 http://www.forexfactory.com/attachment.php?attachmentid=81499&stc=1&thumb=1&d=1201118124 http://www.forexfactory.com/attachment.php?attachmentid=81500&stc=1&thumb=1&d=1201118148 http://www.forexfactory.com/attachment.php?attachmentid=81501&stc=1&thumb=1&d=1201118148
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1653
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 3:26pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
I just missed that opportunity on the wave 3 up on EURUSD.
But it seems things are going as we potentially saw it being a 3 wave structured wave D UP.
we got our wave b retracement od wave a with that Zigzag wave b.
followed by a rally on the 15min chart then a pullback which just saw near 50% retracement which is still acceptable for wave 2.
Wave 3 could be underway now which has several TP levels. Ultimately, I potentially see price going up near that upper edge of the proposed magenta triangle on the daily if not till the FE 425.0 level @ 1.4868
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81506&stc=1&thumb=1&d=1201119909 http://www.forexfactory.com/attachment.php?attachmentid=81507&stc=1&thumb=1&d=1201119909 http://www.forexfactory.com/attachment.php?attachmentid=81508&stc=1&thumb=1&d=1201119935 http://www.forexfactory.com/attachment.php?attachmentid=81509&stc=1&thumb=1&d=1201119935
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 3:29pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD continued
eurusd charts on the lower tf
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81513&stc=1&thumb=1&d=1201120110 http://www.forexfactory.com/attachment.php?attachmentid=81514&stc=1&thumb=1&d=1201120110 http://www.forexfactory.com/attachment.php?attachmentid=81515&stc=1&thumb=1&d=1201120139 http://www.forexfactory.com/attachment.php?attachmentid=81516&stc=1&thumb=1&d=1201120139
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1655
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 3:43pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif My GBPJPY wave count invalidated
count is invalid as set limit was breeched and brokeout to the upside counter to my view of the continuing downward trend.
EG
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81520&stc=1&thumb=1&d=1201120964
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1656
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 3:51pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Good going so far
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81538&stc=1&thumb=1&d=1201122755 http://www.forexfactory.com/attachment.php?attachmentid=81539&stc=1&thumb=1&d=1201122755
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
Last edited by kevmcfoster, Jan 23, 2008 4:13pm
http://www.forexfactory.com/images/buttons/quote.gif
#1657
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 4:00pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
This is probably where we may differ in our view. But this is just a potential count for me.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hey EG
Good to have u back on GBPJPY EW count...I guess this is wht EW is all about..."Difference of Opinion"...lol
One can't be right on the EW count all the time...that's y I feel its important to compare your counts with people who are good at it...for eg. you...Thus im glad you are back with GBPJPY EW count..
thnx
Jai
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#1658
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 4:11pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
Hey EG
Good to have u back on GBPJPY EW count...I guess this is wht EW is all about..."Difference of Opinion"...lol
One can't be right on the EW count all the time...that's y I feel its important to compare your counts with people who are good at it...for eg. you...Thus im glad you are back with GBPJPY EW count..
thnx
Jai
I have to brush up on gbpjpy again.. getting rusty here. for me, i think it is really important to have a focus on a particular pair. I am not trading gbpjpy pair right now but currently concentrating on eurusd.
different pairs have different characteristics. their differences come where they retrace, their potential levels of projection, preferred pivot level to bounce from and type of wave structures they normally develop into.
But I will try to put out a gbpjpy count from time to time. Have been busy with other things so need to focus on fewer pairs.
Anyway, keep posting your ew counts Jai.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81533&stc=1&thumb=1&d=1201122637 http://www.forexfactory.com/attachment.php?attachmentid=81534&stc=1&thumb=1&d=1201122637 http://www.forexfactory.com/attachment.php?attachmentid=81535&stc=1&thumb=1&d=1201122665 http://www.forexfactory.com/attachment.php?attachmentid=81536&stc=1&thumb=1&d=1201122665
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 23, 2008 8:24pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Looks like Eurusd is on a sideways expansion for a bigger sideways expanding b.
Approximate TP for b end is at FE 100.0 @ 1.4423 Blue ticked FE.
Stochastics looks like itr still needs to go done on the 1hr chart. If price overlaps with the magenta level which is tops of wave 1 red on the last leg UP, then the 3 waves up that just happened was leg b of a bigger wave b.
price going lower than that magenta line leads me to think that price is coming down for that sub wave c of a Zigzag bigger b towards FE 100.0 @ 1.4423.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81601&stc=1&thumb=1&d=1201137858 http://www.forexfactory.com/attachment.php?attachmentid=81602&stc=1&thumb=1&d=1201137858
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1661
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 23, 2008 11:34pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
A bit quiet still on the EURUSD.
more of the little sideways movement...
A bounce of the magenta Line Limit will be a wave 4
While a breeech and total breakout to the down side could be the c leg of the bigger wave B of a much bigger wave D up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81640&stc=1&thumb=1&d=1201149215
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1662
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 1:55pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD has been developing basically fitting well so far into our triangle wave 4.
Note chart attached to the post before this and the new chart I attach here. Price failed to breech or breakout to the down side of the magenta line which is the tip of the wave 1 or A we already labelled.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81783&stc=1&thumb=1&d=1201200840 http://www.forexfactory.com/attachment.php?attachmentid=81784&stc=1&thumb=1&d=1201200943
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1663
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 2:12pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD continued
Now that we have seen how price has moved from the last time I posted a chart yesterday to now....... we see price moving up.
Let us zoom out again to the Daily chart and see where price is and where we see it going or propose its potential direction.
We have presented a potential 5 wave triangle scenario ( with a 3-3-3-3-3 wave structure) for this wave 4 on the Daily chart as an alternative to the original Zigzag wave.
So far , we had leg A, B and C turn out a 3 wave structure each. And now wave D seems to be developing into a 3 wave structure too.
See the first zoomed out chart and follow to the succeeding charts how price develops....
On the last chart we see that we have finished a 5 wave structure wave A and an extended Zigzag wave B.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81786&stc=1&thumb=1&d=1201201642 http://www.forexfactory.com/attachment.php?attachmentid=81787&stc=1&thumb=1&d=1201201642 http://www.forexfactory.com/attachment.php?attachmentid=81789&stc=1&thumb=1&d=1201201669 http://www.forexfactory.com/attachment.php?attachmentid=81790&stc=1&thumb=1&d=1201201669
http://www.forexfactory.com/attachment.php?attachmentid=81791&stc=1&thumb=1&d=1201201697 http://www.forexfactory.com/attachment.php?attachmentid=81793&stc=1&thumb=1&d=1201201697 http://www.forexfactory.com/attachment.php?attachmentid=81794&stc=1&thumb=1&d=1201201771
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1664
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 2:27pm
http://www.forexfactory.com/nfs/avatar56861_1.gifhcruces
Member
Member Since Dec 2007
114 Posts
http://www.forexfactory.com/images/icons/icon1.gif
so have you set any orders yet?
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#1665
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 2:52pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD continued part 3
We have seen so far the development on EURUSD from a zoomed out position.
Now let us zoom in again and dissect price movement on this pair.
Going back to post #1662 which has the same charts as those below this..... notice how I have revised the LRC or the Linear Regression Channels to show wave structure using channeling. I know LRC was not what was used in Prechter's book. But I find LRC as a faster tool to use both to illustrate channelling on a finished wave and a potential direction. I construct a new channel using the MT4 channeling tool to have "better " channel fits.
LRC is a fast channeling tool which fits a full wave into a channel. While the regular channeling tool allows us to illustrate the tendency of wave 3 to shootout of the channel while waves 1 and 2 fit into the channel quite well.
The 1st chart illustrates that during the early stages of labelling, potential waves are labelled as 1 or a, 2 or b and 3 or c.
Zooming out to the next chart, we see A5 and Zigzag B which should have been Bzz.
1 or a, 2 or b and 3 or c was initially used because it was still uncertain whether it was going to be an impulsive wave or be an expansion of the corrective wave B instead of that small Zigzag.
We laid out a guideline where in if price bounced off or turned up before hitting the magenta horizontal line @ 1.4561, then that would have been a wave 4. While if it breeched or it brokeout to the downside of that magenta line, then this was a continuation of the extended wave B and that would have been the sub wave c of the wave B.
Price then turned up even before hitting the magenta horizontal line which was the wave end of wave 1 or a. That allows us to assume that the move from 1.4510 was an impulsive move and not a corrective move still.
with that in mind, I swithced to using LRC to break down or chow the channel of each of the sub waves on that impulsive move up. And so far 4 waves have been drawn with what seems to be the last one which is wave 5 is seen as in developing until now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81799&stc=1&thumb=1&d=1201204310 http://www.forexfactory.com/attachment.php?attachmentid=81800&stc=1&thumb=1&d=1201204310
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 24, 2008 3:04pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
A pretty good day for Gbp/Jpy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81801&stc=1&thumb=1&d=1201205025 http://www.forexfactory.com/attachment.php?attachmentid=81802&stc=1&thumb=1&d=1201205025
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #1667
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 3:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by hcruces http://www.forexfactory.com/images/buttons/viewpost.gif
so have you set any orders yet?
on my live trades.... not yet. I prefer the breakout of the Triangle on the Daily. I cannot stay too long on my computer these days to catch the scalps I could do on the lower time frames as I have been busy outside mostly on the crucial times of the London and the US session.
the demo I entered yesterday suffered a drawdown during the asian session as I entered a last minute test for a long trade towards the US afternoon session. I know I said I was not going to enter that trade. But emotions crept in when I saw that rally just as I typed that the US afternoon session was going to be quiet. I waited for a small pullback and entered that trade and went to sleep. 4 hours later it was sufferring a drawdowm. So I let it run till near the US session. when it was up 23 pips, I exited because I had to get away again although I had my initial TP @ 1.4750.
Doing the Daily and the 4hour chart trades is what I am focusing on now. You may see me posting charts on the lower timeframes. But this is more of an exercise using EW and surfing the smaller waves to understand the bigger waves.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1668
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 3:11pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
A pretty good day for Gbp/Jpy
Congratulations Jai!!!
Your GBPJPY wave count has done well for you.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1669
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 24, 2008 3:47pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD continued
You may all wonder why I discuss wave counts and projection on the smaller time frames which I do not even tarde LIVE now.
I do this to keep track of the EURUSD development. my focus is on the 4hour to the Daily timeframe charts now as I am not able to stay very long on my computer these days. If i could afford to stay during crucial periods of sessions then I could scalp the smaller waves.
Back to the charts....
1st projections were based on the (1 or a, 2 or b ) points assuming that there were already 2 waves that finished as 012. So using points 012, wave 3 and wave 5 were projected. However, a 5 wave structurd wave finished off qualifying as a wave 3 or c temporarily.
What followed was a test of whether 1.4638 was a wave 3 end or a wave 31 or maybe even a wave c.
if price breeched thru the magenta horizontal line which was the wave 1 end, then I would have been left still undecided on what that wave still was. Although bias would be more towards it being sub wave c of the bigger wave B.
However, the sideways expansion and price turning up even before hitting the magenta horizontal line.... leads me to be more biased towards labelling that as a 01234 move.
on the chart below first price projections ( BLUE FIB Extention Tool ) were based on 012 points for the FIB Extention tool to Project wave 3 and 5.
However, when a wave 3 qualified as a count and wave 4 seemed to have finished, the wave length assessment showed that wave 1 is nearly equal to the slightly longer wave 3. which leads me to apply the quideline for wave extention where
if w3 is nearly equal to w1, then w5 is projected as 161.8% of a 034 move on the FIB extention tool (Green ). So current target for TP1 is @ 1.4797. Current high is @ 1.4778.
Now looking at that LRC channel for the wave 5 up, it still looks as if only 4 waves have finished and it is the sub wave 5 of this wave 5 which is developing into an extended 5th wave.
TP1 is @ FE 161.8 @ 1.4797
TP2 is at the upper side of the BLUE Andrew's Pitchfork Approx. 1.4825
TP3 is still at the Upper edge of the Magenta Triangle.
A likely Day trade scenario or a swing trade would be entering a SHORT when price hits the magenta horizontal line AND this 5 wave impulsive wave structure is finished and wave count accounted for. Then SL is 5-10 pips from the High point on this move up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=81808&stc=1&thumb=1&d=1201207545 http://www.forexfactory.com/attachment.php?attachmentid=81809&stc=1&thumb=1&d=1201207545
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 26, 2008 7:11am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Adjusting the count on the 15 mins chart
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82178&stc=1&thumb=1&d=1201349453 http://www.forexfactory.com/attachment.php?attachmentid=82179&stc=1&thumb=1&d=1201349453
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #1677
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 26, 2008 9:28am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Gbp/Usd
Probable Wave-count .......................http://www.forexfactory.com/images/smilies/yim/happy.gif
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http://i30.tinypic.com/egampk.gif
http://www.forexfactory.com/images/buttons/quote.gif
#1678
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 26, 2008 9:52am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Us Dollar
Probable Wave-count .......................http://www.forexfactory.com/images/smilies/yim/happy.gif
-----------------------------------------
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http://www.forexfactory.com/images/buttons/quote.gif
#1679
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 26, 2008 12:40pm
Learntocount
Member
Member Since Dec 2007
242 Posts
http://www.forexfactory.com/images/icons/icon1.gif
the above posts are from the KING of counting ups and downs.......he is a professional poster on every forum in existance........I have offered to set him up with a 1 million dollar account if he can show me he is a profitable live trader...he hasn't because he can't. I seriously doubt he even trades live.......you have the same odds as a coin flip if you take these counts into consideration........
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#1680
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 26, 2008 1:19pm
http://www.forexfactory.com/nfs/avatar26642_3.gifforexnovice
Seeking Light
Member Since Nov 2006
http://www.forexfactory.com/images/misc/1kt.gif1,049 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by marketwavez http://www.forexfactory.com/images/buttons/viewpost.gif
Us Dollar
Probable Wave-count .......................http://www.forexfactory.com/images/smilies/yim/happy.gif
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http://i31.tinypic.com/24g9i7m.gif
I believe that count is only a probablity, not cast in stonehttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
Trade What You See, Not What You Think or Others Say ! http://www.forexfactory.com/images/smilies/yim/cool.gif
What !!!??? No Stops ??!!http://www.forexfactory.com/images/smilies/yim/surprise.gif
Jan 26, 2008 5:35pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Eur/Usd
Here is a view of the Eur/Usd.................http://www.forexfactory.com/images/smilies/yim/happy.gif
---------------------------------------------------
This Only Probability , ........... Not Cast in Stone !
----------------------------------------------------
( Double click on chart to enlarge )
http://i25.tinypic.com/2ir594w.gif
http://tinypic.com/view.php?pic=30w3vhw&s=3
http://i32.tinypic.com/30w3vhw.jpg
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82262&stc=1&thumb=1&d=1201391041
Last edited by marketwavez, Jan 26, 2008 6:44pm
Jan 27, 2008 11:17am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
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http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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These are the last trade-setups made by Marketwavez
- So you can see the Averages
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A track record of recent trade set-ups http://www.forexfactory.com/images/smilies/yim/happy.gif
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hold on, I am getting the links
( this is being updated )
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-JAN 2008 Trades (Results).... NO HINDSITE !
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1st Trade (1-03-08 )
Entry USD/CAD Post # 2423
Click here to see chart
http://forexfactory.com/attachment.p...8&d=1199409172
http://forexfactory.com/attachment.p...1&d=1199409200
http://forexfactory.com/showthread.php?t=29394&page=162
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2nd Trade (1-08-08 )
Entry GBP/USD Post # 48662
Click here to see chart
http://forexfactory.com/attachment.p...7&d=1199906016
http://forexfactory.com/showthread.p...11#post1793311
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3rd Trade (1-09-08 )
Entry USD/CAD Post # 2448
Click here to see chart
http://forexfactory.com/attachment.p...8&d=1199912668
http://forexfactory.com/attachment.p...9&d=1199912668
http://forexfactory.com/showthread.p...60#post1793460
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4th Trade (1-10-08 )
Entry AUD/USD Post #58412
Click here to see chart
http://forexfactory.com/attachment.p...1&d=1199999473
http://forexfactory.com/showthread.p...33#post1796133
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5th Trade (1-15-08 )
Entry GBP/USD Post #59174
Click here to see chart
http://forexfactory.com/attachment.p...0&d=1200391124
http://forexfactory.com/showthread.p...91#post1802991
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6th Trade (1-16-08 )
Entry USD/YEN Post #59440
Click here to see chart
http://forexfactory.com/attachment.p...8&d=1200537440
http://forexfactory.com/showthread.p...86#post1806186
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7th Trade (1-17-08 )
EntryUSD/CAD Post #2457
Click here to see chart
http://www.forexfactory.com/attachme...0&d=1200565813
http://www.forexfactory.com/showthre...34#post1806734
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8th Trade (1-21-08 )
Entry GBP/USD Post #59802
Click here to see chart
http://www.forexfactory.com/attachme...5&d=1200658000
http://www.forexfactory.com/attachme...9&d=1200967182
http://www.forexfactory.com/showthre...56#post1813456
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1st Trade ( )
Entry USD/CHF
Click here to see chart
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1st Trade ( )
Entry USD/CHF
Click here to see chart
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Open Trade
Last edited by marketwavez, Jan 27, 2008 7:54pm
Jan 27, 2008 8:12pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Quote:
Originally Posted by forexnovice http://www.forexfactory.com/images/buttons/viewpost.gif
Marketwavez :wave: One of your nice looking charts prior to the last BOE rate announcement http://www.forexfactory.com/showpost...ostcount=58244 although the C wasn't reached exactly http://www.forexfactory.com/images/smilies/yim/winking.gif but close enough.
Seeking light here is the Result chart
- Price actually declined into the target 1 to complete the " End Wave C "
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82401&stc=1&thumb=1&d=1201482712 http://www.forexfactory.com/attachment.php?attachmentid=82403&stc=1&thumb=1&d=1201482747
Jan 28, 2008 3:42am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Charts attached
Below are the details about the chart.
On the Daily Timeframe, we see price still possible to develop into the symmetrical triangle wave 4.
However, If I just look at that naked Chart with my EW Count I will have to propose 2 scenarios :
1. that A and B are finished and that the C up is developing now with either wave 3 green or 5 being extended.
2. that the ABC red is only The A leg of a much bigger ABC wave going up towards the upper edge of the triangle.
But with the help of other technical indicators and some other systems, I am inclined to be bias towards the 1st scenario.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82465&stc=1&thumb=1&d=1201509702 http://www.forexfactory.com/attachment.php?attachmentid=82466&stc=1&thumb=1&d=1201509702 http://www.forexfactory.com/attachment.php?attachmentid=82467&stc=1&thumb=1&d=1201509720 http://www.forexfactory.com/attachment.php?attachmentid=82468&stc=1&thumb=1&d=1201510129
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 28, 2008 4:27am
Jan 28, 2008 5:56am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Now inclined to be biased towards a finished Leg A and B of the 3 wave that goes up to the upper edge of the triangle on the Daily chart.
Proposed count now is the Blue A and B waves while wave C blue is currently developing its sub wave 3.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82483&stc=1&thumb=1&d=1201517758 http://www.forexfactory.com/attachment.php?attachmentid=82484&stc=1&thumb=1&d=1201517758
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1732
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 6:09am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Price on the Lower TFs
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82485&stc=1&thumb=1&d=1201518511 http://www.forexfactory.com/attachment.php?attachmentid=82486&stc=1&thumb=1&d=1201518511 http://www.forexfactory.com/attachment.php?attachmentid=82487&stc=1&thumb=1&d=1201518535 http://www.forexfactory.com/attachment.php?attachmentid=82488&stc=1&thumb=1&d=1201518535
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 28, 2008 6:59am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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eye4spot.
Your wave 1 is only my sub wave 1 of a potential Reversal move on the GBPUSD 4hour chart.
if price bounces off that Magenta Horiizontal line then I would consider that as a sub wave 4 of higher degree wave 1 Blue of the reversal.
if I remember it correctly, A reversal should see the new wave 1 reach the end of wave 4 of same degree of the previous trend or exceed it.
Looking at the 4 hour chart though, we see that wave 2 green down was a zigzag wgich took 4 candlesticks to finish. and since wave 2 was a zigzag, wave 4 is expected to be either a FLAT or a triangle.
At this point, we see price expanding sideways and wave 4 is probably still underway with a sub wave b UP.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82496&stc=1&thumb=1&d=1201521443 http://www.forexfactory.com/attachment.php?attachmentid=82497&stc=1&thumb=1&d=1201521443 http://www.forexfactory.com/attachment.php?attachmentid=82498&stc=1&thumb=1&d=1201521465 http://www.forexfactory.com/attachment.php?attachmentid=82499&stc=1&thumb=1&d=1201521465
http://www.forexfactory.com/attachment.php?attachmentid=82500&stc=1&thumb=1&d=1201521490 http://www.forexfactory.com/attachment.php?attachmentid=82501&stc=1&thumb=1&d=1201521490 http://www.forexfactory.com/attachment.php?attachmentid=82502&stc=1&thumb=1&d=1201521508
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1736
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 7:23am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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As i seen on my chart a reversal (maybe i'm wrong) i start counting the waves at the start of the double bottom. After wave 1, 2, 3, 4 ,5 we allways see wave a,b,c. I didn't analysed on the perspective of the ew but the mach isn't quite bad although. I tryed to speculate this double bottom who have the first bottom at +230 pips and the second one at + 170, and for me first thing came safe that's why i put my tp around 170.
King Regards for the reply.
http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
http://www.forexfactory.com/images/buttons/quote.gif
#1737
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 7:27am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD seems to have formed a triangle wave 334 of C up. see 1 min chart of eurusd.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82511&stc=1&thumb=1&d=1201523231
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1738
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 8:31am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif USD/JPY
Hello to veryone and to EG
I made some new analysis on USD/JPY which if i am not wrong, could be could week for JPY. I will go short like i have marked on the picture, But i realy hope that willl not hit my stops, i was preapring and lookig for this one for a long time now...lets see what will heppen.
Any advices will be good.
tnx,
grega
I aslo posted this analysis and someother too, on this site.
http://www.forexfactory.com/attachment.php?attachmentid=82524&thumb=1&d=1201527007
Jan 28, 2008 12:35pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
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http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Eur/Usd
Appears to be moving towards an " End of Wave 5 "
----------------------------------------------------
Hey there Money ,
Good luck on your trade-setup posted just above....... Looks Great ...........http://www.forexfactory.com/images/smilies/yim/happy.gif
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Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82572&stc=1&thumb=1&d=1201541741
Jan 28, 2008 1:15pm
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Senior Member
Member Since Aug 2007
http://www.forexfactory.com/images/misc/8kt.gif1,151 Posts
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Don't laugh to hard, here is my monthly count on USD/CAD.
http://img137.imageshack.us/img137/6359/ewor6.png
__________________
Check Mate GAME OVER
Jan 28, 2008 5:19pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Interesting scenario taking place in gbp/jpy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82604&stc=1&thumb=1&d=1201557803
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It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1753
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 5:45pm
http://www.forexfactory.com/nfs/avatar41218_8.gifGnat
Unconventionable Conventionist
Member Since Jun 2007
http://www.forexfactory.com/images/misc/10+kt.gif2,811 Posts
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Market...
I am here reading... where is the passage where you and Learntocount got up against each other?
Greetz!
Gnat
__________________
Women, Fire and Dangerous Things
- What Categories Reveal about the Mind
If you are not prepared to be wrong, you will never come up with anything original.
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#1754
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 6:09pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by money http://www.forexfactory.com/images/buttons/viewpost.gif
Hello to veryone and to EG
I made some new analysis on USD/JPY which if i am not wrong, could be could week for JPY. I will go short like i have marked on the picture, But i realy hope that willl not hit my stops, i was preapring and lookig for this one for a long time now...lets see what will heppen.
Any advices will be good.
tnx,
grega
I aslo posted this analysis and someother too, on this site.
Attachment 82524
Hi Grega.
Attached are charts for an ALTERNATIVE Count. Last night when I went with you on your count, I merely browsed thru the 1 hr and took a confirmation from the 4 hour chart.
However, this morning when I went to check on it again, I tried starting from the Daily chart and somehow I ended up with an alternative count.
Maybe you can have a look at it again.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82613&stc=1&thumb=1&d=1201561696 http://www.forexfactory.com/attachment.php?attachmentid=82614&stc=1&thumb=1&d=1201561696 http://www.forexfactory.com/attachment.php?attachmentid=82615&stc=1&thumb=1&d=1201561719 http://www.forexfactory.com/attachment.php?attachmentid=82616&stc=1&thumb=1&d=1201561719
http://www.forexfactory.com/attachment.php?attachmentid=82617&stc=1&thumb=1&d=1201561737 http://www.forexfactory.com/attachment.php?attachmentid=82630&stc=1&thumb=1&d=1201562697
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 28, 2008 6:25pm
Jan 28, 2008 7:35pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Quote:
Originally Posted by eye4spot http://www.forexfactory.com/images/buttons/viewpost.gif
El grande if u remeber that i sad on my last post +170 on gu... it went.
deal done.
thx.
http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
You did well eye4spot. Although I think you were not using Elliott Wave Principle there.
I should have attached these other charts to my count last night when I replied to you as this shows the price projection if my wave counts were correct.
This is how I project price using FIB Extention tools and the FIB projection Levels in relation to Elliott Wave Principles.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82642&stc=1&thumb=1&d=1201566847 http://www.forexfactory.com/attachment.php?attachmentid=82643&stc=1&thumb=1&d=1201566847 http://www.forexfactory.com/attachment.php?attachmentid=82644&stc=1&thumb=1&d=1201566865
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1758
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 28, 2008 8:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD Alternative Count
Attached are charts with the alternative count on the EURUSD.
I have been engrossed and wrapped around the 5 wave symmetrical triangle wave 4 for the EURUSD.
but after studying the lower TF charts this morning, I see an alternative count now due to the way this wave D up is developing.
to me it looks a bit tight for it to just stop at the upper edge of this proposed triangle. and if it overshoots, the way I see it is that it will form a different wave pattern thereby potentially nullifying my triangle wave count and could be replaced with an IRREGULAR FLAT corrective wave.
this twist to the alternative wave count may be deduced from doing a wave count on the lower timeframes.
I am just bringing this up as a heads up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82650&stc=1&thumb=1&d=1201568973 http://www.forexfactory.com/attachment.php?attachmentid=82651&stc=1&thumb=1&d=1201568973
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 28, 2008 8:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD on the m15
EURUSD is developing what looks like a wave 4 of the wave D up for the Triangle.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82656&stc=1&thumb=1&d=1201571135
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1760
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 1:38am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
Finally have my internet connection back.
Attaching something I wrtote earlier while I still had no connection.
Here I go again.
My broadband connection slows down or is completely off as 1100 am here in Manila comes in. So I can’t post charts and share ideas….
Anyway…..let us move on. I am drafting the text for my charts now so I can just paste this to a post later.
I have been engrossed with the symmetrical triangle for the wave 4 on the Daily chart. That I have not really given alternative counts much thought.
The earlier Alternative count of an irregular flat I proposed a few posts back or was it just above this post…. Is a bit of a lame alternative because it proposes an Irregular FLAT despite the fact that the wave 2 of same degree was already a FLAT corrective wave. It is quite unlikely that both wave 2 and wave 4 will be flat corrective waves.
So this stays to be either a Zigzag or a Triangle.
Now let us analyze the different waves that have already developed and let us go down to the lower timeframes to have some king of a more detailed picture.
1. For instance, wave B of this triangle seems a bit off because it retraced wave A by approxtly 88% when based on the Guideline, waves of the Symmetrical triangle normally retrace a previous wave by 62%. I let that pass in the meantime as it was initially seen as a 3 wave advance.
2. Granting that we consider the move up as a 3wave B which was followed by what seems like another 3 wave down to become Wave C. Looking at the percentage of retrace it has made, we can see that this wave C has retraced wave B by approximately 88% too. This again is another bit of a discrepancy for the proposed triangle. But then again, we see this as a 3 wave structure which can be considered as a potential wave C for the triangle.
3. Now, let us look at the wave that follows which is going up.
a. we now see a 3 wave advance in 531 532 and 5331. which can initially be considered as the sub wave abc of an A leg of a 3wave D where we can consider 5332 as the Leg B of the 3wave D.
b. but we can further have another count where 531 532 and 5331 is the leg A while leg B can be potentially be an irregular B. 532 can actually be considered either a 3 wave structure internally or even a 5wave structure internally.
1st if we consider 532 as a 3wave structure, then we continue with the proposed triangle.
2nd if we consider it as a 5wave structure, then it becomes a sub wave a of the B leg of wave D. then the move up from 532 should be a 3wave structure to make it the wave b of the B leg.
I have labeled that as 1 or a, 2 or b and 3 or c. if this is an irregular leg B, then the maximum that its wave b can go up to is 132.8% of the wave a which is the 5332 wave. So that the move from 1.4798 going down can be considered as a sub wave 4 of the wave c or 3. then I would be looking for a 23.6, 38.2. 50 and 61.8 retracement for the sub wave 4 which is why you will see the tick marks on the fib levels to the right. Then a rally upwards towards 1.4817 is expected.
4. Now what next??????
We have to consider 2 potential scenarios after this.
[*]assuming price continues to go down from 1.4798 or it does go up to 1.4817 but bounces back to go lower than 1.4660, then I would consider going for the wave count where we see EURUSD developing an irregular wave B of the Bigger wave D and the potential target down would be between 1.4626 – 1.4605[*]but if price goes over 1.4817 and specially higher than 1.4852 which is already the 161.6 FE of wave 5332, then it is more likely that the Triangle Pattern for the 4th wave in the daily chart is OFF[*]meaning wave 4 on the daily chart was already a Zigzag and that the move from the end of that Zigzag at 1.4308 is already the beginning of the wave 5 on the Daily chart.[*]Judging by the way that the waves have developed on the daily chart after that Zigzag, I am seeing the potential of an Ending Diagonal Triangle for the wave % on the Daily chart developing.[*]This may somehow fit into the Fundamentals. Many would still see the USD as being Bearish which will Push this pair UP. But EUR can not be made to go so high as it would most likely hurt their economy.[*]So that an Ending Diagonal Triangle for the 5th wave on the Daily Chart would be most likely to fit the whole scenario.[*]As for the Structure of this Ending Diagonal Triangle, it is said to be in a 3-3-3-3-3 structure.[*]on the chart you will see that I have forced a 5 wave structure count on the Daily by going to the 4 hour chart.[*]If I maintain the view that this could be an ending diagonal wave 5, then I would not need to force a 5 wave impulse count from 1.4308 which is the end of wave 4 on the daily[*]I can have a 3wave count as wave 51 or the 1st leg of the whole ending diagonal wave 5.[*]Then wave 52 will fit into the scenario with its retrace which by the way made an approximately 88% retrace of wave 51.[*]From wave 52 then I would be looking for a new 3wave advance which should see it temporarily end higher than wave 51 @ 1.4921. [*]Using FIB Extention tool, wave 53 should end around FE 161.8 @ 1.5030 or 1.5084 up to 1.5153[*]Right now it is time to sit back and watch or wait here for me as I still do not have my internet connection running.EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82697&stc=1&thumb=1&d=1201588644 http://www.forexfactory.com/attachment.php?attachmentid=82698&stc=1&thumb=1&d=1201588644 http://www.forexfactory.com/attachment.php?attachmentid=82699&stc=1&thumb=1&d=1201588670 http://www.forexfactory.com/attachment.php?attachmentid=82700&stc=1&thumb=1&d=1201588670
http://www.forexfactory.com/attachment.php?attachmentid=82701&stc=1&thumb=1&d=1201588696 http://www.forexfactory.com/attachment.php?attachmentid=82702&stc=1&thumb=1&d=1201588696 http://www.forexfactory.com/attachment.php?attachmentid=82703&stc=1&thumb=1&d=1201588718
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 29, 2008 1:41am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD Charts Continued
The explanation is on the above post. the charts have been arrange in almost a chronological order based on when it is needed to support the details in the text analysis.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82704&stc=1&thumb=1&d=1201588885 http://www.forexfactory.com/attachment.php?attachmentid=82705&stc=1&thumb=1&d=1201588885 http://www.forexfactory.com/attachment.php?attachmentid=82706&stc=1&thumb=1&d=1201588904
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1762
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 1:45am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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.
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1763
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 2:09am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Indeed, was using something else. But on a trade to take we need severeal resons.
Nice explenation and presentation here about eu, but still... and a 3 year old child if u ask where this line is going it will point north.
I see 1.5 ( In my opinion ), but well see a wedge till a breakout, euro didn't fall out when all others were knocked down, and that reason we shall see why. It's a psyhological battle betten FED and ECB, who's wining and what's winning, may be the next world lider currency.
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#1764
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 2:24am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Multiple possibilities on the 15min chart EURUSD
as we get down to the m15 chart, I see multiple possibilities based on the current development.
For those that consider these as noise, one can stick to the 4hour and the daily chart analysis.
A breakout to the downside of the 1st Blue horizontal line brings this pair towards FE 100.0 @ 1.4742 after seeing a 5 wave impulse down or towards FE 127.6 @ 1.4730
IF it breaks thru the next support at 1.4742 then next TP will be at 1.4715 - 1.4708 right before the last support level based on EW.
If another breakout to the downside occurs, next target would be 1.4673 - 1.4657 up to 1.4605
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82713&stc=1&thumb=1&d=1201591070
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 29, 2008 4:12am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Moving to a much smaller time frame...1 min chart
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82729&stc=1&thumb=1&d=1201597908
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #1768
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 4:18am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
GBPJPY price is already above the weekly Pivot at about 210.0
It is above the Daily Pivot also @ 211.54
Based on my observations while I was monitoring GBPJPY before, if price is already above the weekly pivot, there is a very high probability that price stays above this level. Now to add to the weekly pivot level observation is the price position above the daily and the weekly pivots. SO basically, I would still be Bullish on this pair on my view.
If we look at the EW count, I would consider the move from 204.58 going up to 214.06 as the 0123 waves and the move down to 209.49 as the wave 4.
I would be looking at GBPJPY climbing up towards 219- 219.48 where we have the weekly R2 and still be under the monthly Pivot @ 224.54
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hi EG
I agree with you that gj is bullish in the short term...but I was jus considering the possibility of the move from 214.06 to 209.49 as wave 4a, just incase if we have an extended corrective wave 4.The reason I say that is coz the current formation on the 15 mins chart doesn't look like wave 1 of wave 5, instead its more convincing as wave 4b of wave 4...but I guess we'll have to consider both possibilities just in case...
Happy trading
Jai
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1769
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 4:21am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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My thoughts on your 1min chart.
Jai,
I see a series of higher lows on that chart you posted. Do you mean you have a truncated 5th wave inside your 3rd wave then another truncated 5th wave of the same degree as your 3rd wave?
I would think it is a bit unusual to have 2 5th waves even of different degrees to be sitiuated so near each other.
Just something for you to consider. Can't expound on it now . have to leave soon.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82731&stc=1&thumb=1&d=1201598493
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 29, 2008 8:08am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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Great signal to go long on Usd/Jpy right now. Great forecast news for usd. Drop for at least 80~100 pips. (just informational propose only, trade @ ur own riskhttp://img297.imageshack.us/img297/1431/usdjpy29012008ad6.gif)
Enjoy.
http://www.forexfactory.com/images/buttons/quote.gif #1772
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 9:37am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Jai, Attached is my proposed wave count on your GBPJPY
Still on the 1min chart
Price may actually reach Weekly R2 @ 219.48 ( Weekly R2 I have observed be a favorite target by GBPJPY. It is also FE 100.0
It may extend to weekly R3 also whihc has also been observed to happen before on this pair which is within reach of the Monthly Pivot @ 224.54 and incidentally FE 161.8 also for the Zigzag wave 4 also.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=82781&stc=1&thumb=1&d=1201617214
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1773
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 10:36am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Quote:
Originally Posted by SeekingLight http://www.forexfactory.com/images/buttons/viewpost.gif
I am currently favoring the 1.43 = IV and 1.492 = V.1, 1.4363 = V.2, currently in V.3 scenario as well.
Simply because I can't see another steep EURUSD selloff coming just yet with another likely cut tomorrow as well as the internal structure being A=C ABC both times(First one being ABC = IV, second one being ABC = V.2, altough I am not sure whether this is even allowed du to the rule of alternation).
But really not sure. I much prefer cable's change of direction.
I still think weekly / daily / 4h is much safer to use(far better overview) than 5m/15m :P
Yes I am biased towards the wave 51 52 53 wave count on the Daily. As far as the Rule of Alternation is concerned, I do not see any problem where wave 4 is in Zigzag then wave52 which is a wave of smaller degree is again a Zigzag.
With Cable I think there was already a reversal of trend and that it is now Bullish Medium to Long Term.
Regarding EW counts on specific timeframes, It is generally advisable to do them in the higher timeframe. But I find it very challenging to work on the shorter TF as it provides me more opportunities to exercise my EW counts as a drill to sharpen my EW skills on pattern and wave labelling/identification.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#1774
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 11:00am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif USD-JPY
Quote:
Originally Posted by eye4spot http://www.forexfactory.com/images/buttons/viewpost.gif
Great signal to go long on Usd/Jpy right now. Great forecast news for usd. Drop for at least 80~100 pips. (just informational propose only, trade @ ur own risk)
Enjoy.
Just one question.
there are good news for USD and you said good opportunity to go long. After that you said that will drop down for 80 pips......
If are good news for USD, then trend should go up and not down, so i dont know why are you suggesting to go short, like we can see on your chart. I am a little cofused here right now....
If you thought that USD will drop down before will countinue to his way, then ok.....but anyway this kind of strategy could be risky...very risky....
TNX man, nice trading
Grega
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#1775
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 12:07pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Quote:
Originally Posted by bunton http://www.forexfactory.com/images/buttons/viewpost.gif
Could someone post a wave count of the macro and micro on USD/CAD? Looking at this book just does not ring a bell.
Bunton,
Here are 2 threads that is all about the Canadian Dollar
Go check it out............. http://www.forexfactory.com/images/smilies/yim/happy.gif
------------------------------------------------------------------
Click Here :
http://forexfactory.com/showthread.p...34#post1806734
http://forexfactory.com/showthread.p...96#post1810296
--------------------------------------------------------------------
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#1776
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 2:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif USDJPY
Quote:
Originally Posted by eye4spot http://www.forexfactory.com/images/buttons/viewpost.gif
Great signal to go long on Usd/Jpy right now. Great forecast news for usd. Drop for at least 80~100 pips. (just informational propose only, trade @ ur own risk)
Enjoy.
Eye4spot
I had my Long signal triggered from yesterday. I had a near 40 pip drawdown this morning but slightly on the positive now for my Long trade.
However, on your post..... you mention Great signal to go long because of the good forecast for the US News. Yet you say there will be an 80-100 pip Drop. That seems to be contradictory.
What I still can not understand is how you derive the 80-100 pip range potential profit. We would really appreciate it if you could kindly expound on how you do it.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#1777
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 3:38pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Usd/Yen
Comming Soon to a Theater near you !............http://www.forexfactory.com/images/smilies/yim/big_grin.gif
----------------------------------------------------------
http://i29.tinypic.com/23ucvti.jpg
Last edited by marketwavez, Jan 29, 2008 6:39pm
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#1778
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 5:06pm
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
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Helloo
One question, what is with LEARNTOCOUNT???
Infraction overload........????
Was he deleted from moderators???
Bad for him and for us, because of sharing the informations......
Last edited by money, Jan 30, 2008 6:59am
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#1779
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 29, 2008 9:26pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Hi Grega.
It is very unfortunate that it had to come to this point. I hope that Tim ( Learntocount ) will come to a point where he can just diplomatically argue his point and not have to resort to his challenging ways.
I can understand how passionate he is with teaching others what he thinks is the rightway to count Elliott Waves. He has seen how some people have been demoralized trying to learn EW because of the complicated tools that are being used by others who teach it. EWT is in itself complex already and to combine it with a not so straight forward tool or strategy for identifying waves will draw a new learner farther away from the truth about EW.
He can not be this passionate about this and be concerned for all of us unless he has a lot of experience under his belt. Very rare will you see someone like him who is Both a successful trader using Elliott Waves and yet takes time to teach others for free.
Others may think they are teaching EW but mostly post their charts with little or no explanation and leave one to analyze and fend for himself to interpret or deduce from the posts how it all came about. He is one of the rare breed of Elliotticians who will take time to explain to you his position and give you limits to his wave counts and why.
I really urge everyone trying to learn EWT and applying its Principles to just agree that we will not always agree to have the same wave counts. But let us respect each others point of view and just post our charts and provide an explanation so that the rest of us can learn and see the basis of each others wave count.
If something deviates from EWP yet a poster feels strongly about it, then let him defend his position. If we think differently about a wave count that was posted, we can provide a constructive criticism by pointing out the wave count in question then providing our own wave count and why we labelled them as such.
For example, Like Marketwavez.... I also use chart patterns and harmonic patterns alongside many other technical indicators in my price analysis. when I can not seem to have a clear count , I look towards this other tools for some kind of direction.
So I may not be able to explain it using EW, but I will provide some reasons why I see price going a particular direction using other tools.
I hope that the moderators allow Tim to get back to the Forum. And I am sure Marketwavez will have nothing against that for as long as Tim can begin to accept the fact that they have different ways of Analyzing EW.
Tim, kindly comeback and allow us who want to learn from you to continue to learn from your posts. I believe , I and the rest of those learning EW here will be able to pick which way will benefit us more in our trading.
Peace and Profitable trading to everyone.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 30, 2008 9:43am
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#1780
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 3:14am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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Indeed. Good point. I was wrong. My mystake. I didn't realized till now. I am reading what i was writed and i am laughing. The news didn't brake the channel luckly 4 me. Trade is still on. My take profit range varies. At major levels, pivot points and s/r levels. I don't enter a trade till it's at least 1:2 ratio.
Sorry and take care.
Thanks for the reply.
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#1781
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 9:30am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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15 mins updated
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1782
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 9:34am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
My thoughts on your 1min chart.
Jai,
I see a series of higher lows on that chart you posted. Do you mean you have a truncated 5th wave inside your 3rd wave then another truncated 5th wave of the same degree as your 3rd wave?
I would think it is a bit unusual to have 2 5th waves even of different degrees to be sitiuated so near each other.
Just something for you to consider. Can't expound on it now . have to leave soon.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
I know its unusual to have 2 truncated 5th waves of higher degress, but none the less its yet possible...i gotta run now, so i'll post my 1 min chart later on...I wanna see if I was right http://www.forexfactory.com/images/smilies/yim/big_grin.gif
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#1783
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 11:48am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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(There is No Competion in here to see who has the best Wave-Count)
Is there ?....http://www.forexfactory.com/images/smilies/yim/sad.gif ..... but Why ? ............
-----------------------------------------------------------------------
THis thread is in a Forum where people can come in and see
various point of views .
THis thread is in a Forum where people can come in and see
various Elliott Wave-counts .
(and not be rude or ill-mannered along the way .)
This is the environment where people will learn things !
Just be Polite and Don't call Names and Do not use Trash-Talk in your Posts
-Why is it so hard for people to undertansd this ?
--------------------------------------------------------------
Calling people Names is a true measure of your Inteligence !
Being Rude & Ill-manned is a true measure of your Home Training !
and besides ,
You insult your Parents when you do this http://www.moneytec.com/forums/images/smilies/redface.gif -----
-It is embarassing to them ..........
So , Simply Don't do it !
---------------------------------------------------------------------
How much money you have in your trading account
is not on trial here . Only Your conduct is !
This is what Is being said to Learntocount "also known as Golhunsleep"
////////////////////////////////////////////////////////////////////////////////
You can Disagree - Yes , but please , be a gentleman about it !
The world is watching us in here ....................:wave:
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Last edited by marketwavez, Jan 30, 2008 12:19pm
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#1784
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 11:50am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Eg-
Learntocont’s ability to count waves is not the problem here :
We all know that Learntocount is very confident in what he
does and is more than willing to teach what he knows ………….
//////////////////////////////////////////////////////////////////////////////////////////////////////
So , Here is problem :
----------------------------------------------------------------------------------------
Learntocount is Rude and ill- Mannered , and says negative things that are Provoking
-this is what the problem is in here ,
yet Eg , you are saying nothing about this ?
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Again,
The problem here is what Learntocount is saying about Marketwavez
that is negative over and over , and over , over …….Why is this ?
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-Isn't this Forum just place where we can come in and share our
ideas and thoughts without the feeling of being insulted ?......http://www.forexfactory.com/images/smilies/yim/confused.gif
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Meanwhile,
in the middle of all this just remember -
( Marketwavez has not said anything negative about Learntocount ) ----
No-one appreciates being talked to in this way -
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When Learntocount talks like that …
- It is Extremely Disruptive and becomes Problematic !
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The moderators simply want us to “ conduct ourselves as professionals”
and say positive things - Just As Merlin the moderator has so eloquently
said none of his most recent post and this is also one of this Forum’s main Rules !
////////////////////////////////////////////////////////////////////////////////////////////////////
This is probably the reason why Learntocount is banned ,
-simply for consistently saying negative things in his posts that are Provoking …..
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That's all there really is to it !
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Learntocount went to Marketwavez thread and wrote things about him that are
Rude and Ill-Mannered to say the least ,
......and then followed Marketwavez here to Eg's thread and the same this past
weekend continuing to post in a negative in an Ill-Mannerd way.
Marketwavez was simply responding to all this Trash-Talk posted
by Learntocount , the best way he could ………….!
In the End :
This forum is just place where we can come in and share our
ideas and thoughts without being insulted .
( This is 1st and Most Important )
Just because you don’t like someone’s wave-count or chart , or style of trading
doesn’t mean you go and trash talk about that person in your posts .
With this being said :
Please Understand that
Learntocount is still here : He is here right now !
He can still see all these posts -----
The infractions that Learntocount received , just means that
will not be able to post here for some time ,maybe 2 weeks or so ..........
But Learntocount can definitely see your posts
So keep on Posting , Stay Happy....http://www.forexfactory.com/images/smilies/yim/happy.gif
Disagree , but don’t be Disageeable ! ------------------------------------------------------------------------------------------
Last edited by marketwavez, Jan 30, 2008 12:42pm
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#1785
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 30, 2008 11:55am
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Quote:
Originally Posted by Gnat http://www.forexfactory.com/images/buttons/viewpost.gif
Market...
I am here reading... where is the passage where you and Learntocount got up against each other?
Greetz!
Gnat
Here is the link where it alll started on Jan 1st 2008
Click Here ... Scroll down to Post #44
http://www.forexfactory.com/showthre...t=11710&page=3
This is Nasty and Disruptive !..... Just absolutely awful .............
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Anyway ,
At first I ignored this ugly post about me by Learntocount that
he made in my thread back in early January !
then Learntocount started up again this weekend and caused this Big Stink !
See it all here Right Here :
Start at Post # 1679
http://www.forexfactory.com/showthre...20436&page=112
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Gnat
this is not the place for this conversation
I, am sending you a PM -( Private Message )
You are senior member , I see -........and So am I http://www.forexfactory.com/images/smilies/yim/happy.gif
---------------------------------------------------------
They have put infractions on Learntocount it seems
But , I am going to show you I'm the better man here
////////////////////////////////////////////////////////////////////
I will Vouch for Learntocount-
( if he agrees to post positive things)
and not bash me anymore of course ..........
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I, am sending you a PM -http://www.forexfactory.com/images/smilies/yim/happy.gif.......
Last edited by marketwavez, Jan 30, 2008 12:24pm
Jan 31, 2008 12:14am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD Price has kissed that upper trendline of the proposed triangle on the Daily chart last nightafter all the news that came out.
Structurally speaking, it has completed what looks like 4 waves of the symmetrical triangle abcd and all have an internal structure of 3-3-3-3. Following this move is supposed to be a downward move to the lower side of the triangle to complete wave E. a move above the high of 1.4906 from last night would invalidate the proposed triangle pattern for wave 4 on Daily chart. But we can still possibly see some price movement going up to that upper side of the triangle as wave 2 or B of a subwave A for the wave E down.
The proposed w51 w52 and w53 will continue to be on the table if price goes higher than 1.4906 towards 1.5000
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #1792
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 1:11am
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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This thread is getting cluttered for the wrong reasons...
Can't we all just get over some facts n jus concentrate on EW...
Anyways, here's the update for the 15 mins chart for gbp/jpy.
We have 2 possibilities,
(1) We are in Wave A
(2) We are in wave c of Wave 4
NOTE: If we are in Wave A, then Wave 5 would be a truncated wave.
Regards,
Jai
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#1793
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 6:52am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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easy money. http://www.forexfactory.com/images/smilies/yim/happy.gif
enjoy.
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#1794
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 7:11am
Serega
Member
Member Since Jun 2007
162 Posts
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Eye4spot, the wrong count, the third wave can't be the smalest one
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#1795
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 7:32am
Serega
Member
Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif gbp/usd
For discussion, guyshttp://www.forexfactory.com/images/smilies/yim/happy.gif
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#1796
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 8:59am
http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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thx serega.
If u look now @ u/j it went preety well.
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#1797
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 9:00am
http://www.forexfactory.com/nfs/avatar27658_2.gifBRForex
Infractions Overload
Member Since Dec 2006
311 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cycle degree
I need "Cycle degree" chart from GBP/USD...
can u share ?
thanks http://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
Forex News: http://drforex.blogspot.com/
Pips Count: BullTradingGoal = 009 orders; Result= + 140
I love God
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#1798
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 9:15am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif USD/JPY
Quote:
Originally Posted by eye4spot http://www.forexfactory.com/images/buttons/viewpost.gif
easy money. http://www.forexfactory.com/images/smilies/yim/happy.gif
enjoy.
This should be easier to understand....
We are in the way III, in which we can expect 5 waves down. So if we are in the wave II, then the min. target should be 105,83 where is also equlity wave I with wave III. This is minimum target if we consider that the wave 3 should no be shorter of wave 1 and 2....
I also upadated this here
See ya
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Last edited by money, Jan 31, 2008 10:08am
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#1799
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 9:29am
Serega
Member
Member Since Jun 2007
162 Posts
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Rather good count Moneyhttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
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#1800
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 31, 2008 9:37am
Serega
Member
Member Since Jun 2007
162 Posts
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USD/JPY H4
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