hi itme...
i want to ask, what do you think about EUR/USD. how long EUR/USD will go down?
thanks B4
i want to ask, what do you think about EUR/USD. how long EUR/USD will go down?
thanks B4
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Quoting WallboroffDislikedsorry i couldnīt answer earlier cause i was in college, god damn.
anyway it appears wave-c did its move up and will soon revers for the final large C-wave of a larger wave-4Ignored
DislikedFriday, January 12 at 6:15 ET
Adjust Entry Price for Trade Experiment #311 Sell USD/CHF to 1.2575
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Previous trade experiment:
Thursday January 11, 2006 at 10:45 ET
Trade Experiment #311 Sell USD/CHF at 1.2513
Stop is 1.2586
Target is 1.1900
Risk is 77 pips
Reward is 609 pips
Reward / Risk Ratio is 7.9
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : excellent
For research purposes only.
This is an attempt to trade the third wave of Wave 3 down (see one day chart). Perhaps the Zionists or neocons will drop some nuclear bombs on Iran, which will precipitate a rapid decline in USD/CHF.
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Previous predictions:
USD/CHF Wave Hypothesis for December 26, 2006 at 17:00 ET:
A downwards impulse wave since October 16, 2006 at 1.2770 is carrying USD/CHF towards 1.1450 in a few months (an 11.5% decline). This is part of a larger downtrend that began February 28, 2006 at 1.3235. At that time, employing Elliott Wave and Q System analysis, I predicted a strong downturn targetting about 1.1300, a 17% decline.
The current uptrend that began December 5, 2006 is headed to between 1.2300 and 1.2400, at which point we will be blessed by a very favorable short trading opportunity with low risk and high reward potential.
The short term current pattern is amenable to a variety of different wave interpretations, so the certainty level is low. We could see a decline from here to the 1.2100 area, as Trade Experiment #297 Sell USD/CHF at 1.2220 is predicated upon. Or we could see a rise to 1.2300
My guess is that the price of USD/CHF will rise from its current value at 1.2230 up to 1.2250, then fall to 1.2205, then rise to about 1.2300. Then it will begin its larger move down to about 1.2050, which would present a favorable trading opportunity.Ignored
DislikedMonday January 15 at 4:45 ET
Trade Experiment #312 Sell GBP/JPY at 236.60
Stop is 237.16
Target is 232.50
Risk is 65 pips
Reward is 401 pips
Reward / Risk Ratio is 6.2
Confidence level: good
Accuracy: fair
Reward / Risk Ratio : good
For research purposes only.
This is an attempt to trade the fourth wave of Wave 3 down.
p.s. - recent high is 236.97. Our targeting system gives 236.95 as a high probability reversal marker. The short term wave pattern indicates the stop should be raised 20 pips to 237.36, however, which will still not spoil the RRR of the trade. In retrospect, the original entry price should have been set more conservatively at 236.95.
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Previous comment:
GBP/USD and GBP/JPY General Outlook for Sunday / Monday
Generally speaking, it appears to me that GBP/JPY will descend about 50 to 75 pips in a wave B of a downwards Wave 4 from its current price at 235.75 and then rise to a new high at about 236.50, which will be a trend high.
GBP/USD should drop about 40 to 50 pips from its current price at 1.9590 and then rise to a new high at about 1.9650.
This is a general outlook only, and very approximate, not a trade recommendation or trade experiment, based on Elliott Wave theory as I currently understand and apply it.Ignored