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- I Wanna Trade replied Dec 6, 2007
The BOE will most likely cut rates. Alan Greenspan admitted recently that the market decided when and how much to cut rates, not the Fed. I'm sure the BOE is the same. The market is 92% sure of a rate cut so I think that's almost in the bag. But ...
- I Wanna Trade replied Dec 4, 2007
It should fall anytime now, and fall hard. It looks like it's going to begin wave 3 in a larger wave 3. This wave count, and the downside pressure, should hold as long as price is below 2.0843. Outside of the technicals you have a slowing UK economy ...
- I Wanna Trade replied Nov 11, 2007
I want to clean up and update my count for the USD/JPY and the GBP/JPY. The count for the USD/JPY has been clear for some time and been a cash cow for those with the same count . The GBP/JPY has not been clear however, other than a test of 200.00 ...
- I Wanna Trade replied Nov 9, 2007
It looks that the chart I posted earlier of a failed wave 5 proved accurate (see below) as price and broken through key support at 235.23 in a wave iii in a larger wave 3 underway. The USD/JPY has played out exactly to plan as it's dropped 400 pips ...
- I Wanna Trade replied Nov 7, 2007
No problem man. I just like writing my thoughts down as it helps me organize and perhaps sharpen my strategy more. If someone takes interest along the way, then all the better. The dollar, oil and gold are all at potential reversal points, I'm just ...
- I Wanna Trade replied Nov 7, 2007
Hey all, Money is using the same chart I did where I developed my original bearish bias on the USD/JPY since the decline from 124.13 and I saw an entry point once the correction occurred after Wave 1 to 111.58. The terminal thrust from the triangle ...
- I Wanna Trade replied Nov 7, 2007
Hey all, Looks like the USD/JPY has started its 3rd wave decline as I had in my count that I posted a few days ago (see chart again below). This is weighing down on the GBP/JPY and probably won't allow it to make a new significant high above 240.28 ...
- I Wanna Trade replied Nov 3, 2007
Hi EG, I thought I drop a thought on your forum. I attached a chart and wave count for the USD/JPY, which of course the GBP/JPY is just an extension of. The GBP/JPY count I beleive is completing a complex correction right now before the next wave ...
- I Wanna Trade replied Oct 24, 2007
Thanks EG for the post and clarifying the 1,3,5 wave rule. I must have been misinterpreting that. I have to run to work but I wanted to drop a thank you for that piece of wisdom. And please, by all means, post your charts here if you'd like. I also ...
- I Wanna Trade replied Oct 23, 2007
Hey EG, I was actually wondering myself if that correction I claimed was actually a leg four seeing as that it didn't overlap wave 1, even though it was by only 3 measely pips. That might be a just a little too close for comfort, but still a ...
- I Wanna Trade replied Oct 23, 2007
Yes, it made for a good morning. Now I'm looking for a reversal to resume the downtrend between 50% and 61.8% fib. of the 240.66/230.28 decline. The decline in the GBP/JPY, USD/JPY and EUR/JPY should go well beyond their August 16, 2007 lows.
- I Wanna Trade replied Oct 22, 2007
Tiki Trader, I know what you mean, and it can be frustrating at first. However, I realized that each person creates their own perception of the market and therefore they have their own way of determining which waves are labled what; and in that ...
- I Wanna Trade replied Oct 22, 2007
El Grande, thank you for your very thorough post. You're much more an advanced and sophisticated analyst than I am so I'm sure your charts are more accurate than mine. I use EW loosely in combination with the MACD, Stoch. Osc. and MAs. GFT's ...
- I Wanna Trade replied Oct 22, 2007
It looks like it made a five wave decline from about 240.66 to last night's low at around 230.28. The 38% fib is at 234.23 so I'm guessing it will find resistance there and form wave A of the correction. Hopefully I'm right so that wave C in the ...
- Will the GBP/JPY close the gap??
I had the USD/JPY, USD/CHF, EUR/USD and EUR/JPY for some good pips as they all closed their gaps ...
- I Wanna Trade replied Aug 9, 2007
Short the EUR/USD as long as price is below 1.3723 Short the GBP/USD as long as it's below 2.0400 Short the USD/JPY as long as it's below 119.80 Flip a coin on the USD/CHF EUR/JPY will continue to fall if it breaks 161.00, or will bounce off 163.00 ...
- I Wanna Trade replied Aug 9, 2007
Dow Futures — Where do you guys go to get Dow Futures quotes? Is this website a good source? url
- I Wanna Trade replied May 30, 2007
Not that you asked me, but I thought I'd respond. I have a PT at 9700 and I do think it will make it to 9700, but not right away. It may not be until tomorrow or the next day. I shorted it at 9810 with a PT at 9700 and SL at 9850. I took a profit on ...
- I Wanna Trade replied May 29, 2007
Thanks for the input. Can I ask where you got the SL and PT marks you mentioned? I put my SL at 1.9850 as that's at least 5 pips above 3 out of 4 of my moving averages (20, 50, 100) on the 1hr chart. I put my PT at 1.9700 because that's about where ...
- I Wanna Trade replied May 29, 2007
Cable is in a nice downtrend ever since it hit the 2.0130 area (check out daily chart). It's now fallen back into that downward channel since that big news spike last week. I just closed a long trade from 1.9820 to 1.9880 last night because I saw ...