rule for wave 2 61.8 to 78% of wave one but as you know the cable has a tendecy to extend on every wave. Knoow your pair....
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Quoting fixme1tooDislikedDont let the CABLE scare you out of your long next week if you pulled the trigger and went long. Might be good idea to tp now if you are up and let it retrace to complete the two wave on the daily as we completed 1 wave on friday. once mini 2 wave complete all aboard for the ride up.Ignored
Quoting bmw540iDislikedfixme1too, I really enjoy your insights, I have 1 question about above qoute. Once mini wave 2 is complete shouldn,t we be getting on board for the big ride down not up . ThanksIgnored
Quoting fixme1tooDislikedYou could also think about it like this.... See those 3 white candles on the chart I just posted. That is a 1 or A WAVE down we are going up a max of 78% total of that BIG A wave. well the same thing will happen on this teeny tiny 1 wave we finished on friday. same concept exact same concept. Phai if we can go all the way up to complete this B WAVE 78% how come we cant do it now. Guys try to start thinking differently the way you are thinking now especially trucco. You will loose money trading the cable. Just like lifetime trader did last week putting in a buy order when you could clearly see we were still in the peak of the down trend.Ignored
Quoting fixme1tooDislikedNo do you know EW theory. How could we go down if the 1 wave is up. If the 1 wave was down then the 3 wave would be down. Look in the mid 20 pages of the thread I posted the EW theory and rules there.Ignored
Quoting fixme1tooDislikedguys how bout we go to the chat room IM at [email protected] because the thread is becoming like a chat room nowIgnored
Quoting sovo1970Dislikedthank you, hope to see you there on Monday.... btw, can you tell me at what time will you be available? Once again, thanksIgnored
Quoting bmw540iDislikedFixme1too, sorry about my last post. I thought we had just completed wave and was starting wave B up then we start big move down . I went back and copied your post about EW. I'm trying to learn so be patient with me. ThanksIgnored
Quoting wwwinDislikedI think that GBPUSD is on A, but we need more data to know what type of correction this is going to be. While I wait, I think I will go long USDJPY tomorrow, it seems to just be coming out of ABC correction for next leg up.
Any thoughts?
http://members.aol.com/f8222/usdjpj.jpgIgnored
Quoting fixme1tooDislikedkeep believing that software and you will loose money. yen should go to 117.35 to 117.19 before we go up
I posted 2 weeks ago what the yen would do. after the low 117.00's we go to the 119.00's then big big big short in store.Ignored
Quoting wwwinDislikedIt's been very accurate so far. USDYEN closed at 117.74 on Friday. Let's revisit this next Friday and we shall see.Ignored
Quoting fixme1tooDislikedHow bout last week on the cable when you posted all those big charts in my thread was it accurate then or was I more accurate. You come into the thread so arrogant talking as if you know EW theory and know nothing but what the software is telling you. You should at least know the theory or how to count on your own so what happened to you last week wont happen again.Ignored
Quoting wwwinDislikedI was accurate on the GBP, and I have read many books on EW so you are guessing when you say that I only go by the software. Last one read, "Mastering Elliot Wave" by Glenn Neely. If you really understood EW, you would know that there is not enough data right now on the GBP to make a prediction as to what type of correction is going to be.Ignored
Quoting wwwinDislikedYes, is possible, but I think that 5 has a little more to go, at least that is the way I see it. And also I ran it thru MetaStock with the EW expert and posted it here, it says that 5 will go up to b/t 1.9200 and 1.9250, also I ran it thru advancedGET EW, and it tells me the same thing as MetaStock. But who knows, at any rate I am gonna wait for 1.9200 and if I miss the boat by waiting then so be it.Ignored