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Harmonic Wave Journal

  • #301
  • May 23, 2007 6:57am May 23, 2007 6:57am
Euro and cable starting to look impulse wavey to me ;p

Go go gadget 1.3700 EURUSD!

Now, when and where will the corrective wave hit us, is the question
Trust price. Know yourself.
  • #302
  • May 23, 2007 6:57am May 23, 2007 6:57am
Opportunity #E11/07
EUR/USD Long
3 parts
Entry: 1.3418
Stop (initial): 1.3378

End of mini wave C down (?).

Update 1: S/L tightened to 1.3415 (guarantees -3).
Update 2: Took 1st profit at 1.3448 (+30).
Update 3: Took 2nd profit at 1.3492 (+74). S/L tightened to 1.3434 (guarantees +16).
Tra-X
  • #303
  • May 23, 2007 7:10am May 23, 2007 7:10am
Thanks for participating here, sycorp, Vantage, and SeekingLight.

That Cable keeps going up like there's no roof above lol. Shoulda traded in 4 parts instead of 3 coz 9870 is next target after 9820, never expect 9870 to be tested this fast before retracement wow. Happy pips-ing to everyone.
Tra-X
  • #304
  • May 23, 2007 9:46am May 23, 2007 9:46am
i open your journal and read it at least 20 times every day .. i very like it even i dont get real money yet from your signal .. i glad you always get + pips .
  • #305
  • May 23, 2007 10:20am May 23, 2007 10:20am
Quoting sycorp
i open your journal and read it at least 20 times every day .. i very like it even i dont get real money yet from your signal

That may be because he's not posting signals but simply keeping track of his own trades AFTER he made them.

If you trade someone else's trades instead of your own you're on a dangerous road.
Trust price. Know yourself.
  • #306
  • May 23, 2007 11:29am May 23, 2007 11:29am
Quoting sycorp
i open your journal and read it at least 20 times every day .. i very like it even i dont get real money yet from your signal .. i glad you always get + pips .
Thanks, sycorp, next time it'll be your turn.
I agree with SeekingLight, and also what we've talked in YM about creating your own system, you'll definitely find one that suits your trade style best. All the best.

Anyway, EUR/USD is lagging behind her lil sister GBP/USD now, EUR/GBP is going down for now. Maybe EUR/GBP will be targetting 0.6700 if it breaks 0.6745, let's see. How's the 1.37 then, SeekingLight?
Tra-X
  • #307
  • May 23, 2007 1:37pm May 23, 2007 1:37pm
Quoting SeekingLight
That may be because he's not posting signals but simply keeping track of his own trades AFTER he made them.

If you trade someone else's trades instead of your own you're on a dangerous road.
ok , i understand .. hehehe thanks for advice .. i will try step by step
  • #308
  • May 23, 2007 2:08pm May 23, 2007 2:08pm
Quoting Traex
Maybe EUR/GBP will be targetting 0.6700 if it breaks 0.6745, let's see. How's the 1.37 then, SeekingLight?

Yea, don't remind me, I'm fearing that range breakout as well.

Good thing I'm still long on the GBP

But if we are indeed pushing the USD back from today on, then no worries, right?

Just that USDCHF looks bullish and strong still and EURUSD is back to eating dust currently. If the next 5 hours don't show us some more USD weakness, EURUSD is bound to suffer a KO imho.
Trust price. Know yourself.
  • #309
  • May 23, 2007 3:40pm May 23, 2007 3:40pm
Since we've gone into drift mode and I'm bored I looked around the Dow Jones a bit. Not trying to be Prechter here, but we've had 3 days of closing around where we opened, making no progress but Dojis instead.

Whatcha think Traex, could we be in for a possible Wave 5 end?

Would coincide nicely with a xxJPY top and a drop of both equities/stocks and the carry trade


And if not tomorrow, then possibly very, very soon.
Attached Image
Trust price. Know yourself.
  • #310
  • May 23, 2007 10:08pm May 23, 2007 10:08pm
Quoting SeekingLight
Since we've gone into drift mode and I'm bored I looked around the Dow Jones a bit. Not trying to be Prechter here, but we've had 3 days of closing around where we opened, making no progress but Dojis instead.

Whatcha think Traex, could we be in for a possible Wave 5 end?

Would coincide nicely with a xxJPY top and a drop of both equities/stocks and the carry trade


And if not tomorrow, then possibly very, very soon.
Hi SeekingLight, I never knew that NF offered index futures too, I only knew they had gold.
From that dow chart there, imo wave 5 hasn't finished yet, but it's prolly at the top of small wave 3 of wave 5. The top might be at around near 14k. Somemore NYSE Composite index is only an inch away from reaching 10k now. Only a rough count opinion here since I don't trade it.
Tra-X
  • #311
  • May 24, 2007 2:55am May 24, 2007 2:55am
Opportunity #E11/07
EUR/USD Long
3 parts
Entry: 1.3418
Stop (initial): 1.3378

End of mini wave C down (?).

Update 1: S/L tightened to 1.3415 (guarantees -3).
Update 2: Took 1st profit at 1.3448 (+30).
Update 3: Took 2nd profit at 1.3492 (+74). S/L tightened to 1.3434 (guarantees +16).
Update 4: Finished off at 1.3434 (+16).

Total gain: +120
Tra-X
  • #312
  • May 24, 2007 3:16am May 24, 2007 3:16am
Opportunity #E12/07
EUR/USD Long
3 parts
Entry: 1.3427
Stop (initial): 1.3415

Mini wave 3 or C up.
Tra-X
  • #313
  • May 24, 2007 3:41am May 24, 2007 3:41am
Quoting Traex
Opportunity #E12/07
EUR/USD Long
3 parts
Entry: 1.3427
Stop (initial): 1.3415

Mini wave 3 or C up.
Within 2 pips of the bottom yet again!!
  • #314
  • May 24, 2007 4:06am May 24, 2007 4:06am
Quoting Traex
Opportunity #E12/07
EUR/USD Long
3 parts
Entry: 1.3427
Stop (initial): 1.3415

Mini wave 3 or C up.
Just noticed your stop which seems much tighter than usual, any particular reasons why?
  • #315
  • May 24, 2007 4:50am May 24, 2007 4:50am
Quoting Vantage
Just noticed your stop which seems much tighter than usual, any particular reasons why?

EW states the beginning of wave 3 may not go lower than the origin of wave 1, which is the last low in this scenario and killing that would invalidate his theoretical count.
Trust price. Know yourself.
  • #316
  • May 24, 2007 4:59am May 24, 2007 4:59am
Quoting Vantage
Within 2 pips of the bottom yet again!!
Well it's usually few pips within the bottom of a trend in m1 tf because I'm using m1 for entries, a scalping method. The bet is whether it's the bottom of a larger trend also.

Quoting Vantage
Just noticed your stop which seems much tighter than usual, any particular reasons why?
This time it's 1 pip below yesterday's low, complying to an EW rule again (wave 2 can't pass the start of wave 1).
Tra-X
  • #317
  • May 24, 2007 7:18am May 24, 2007 7:18am
Opportunity #E12/07
EUR/USD Long
3 parts
Entry: 1.3427
Stop (initial): 1.3415

Mini wave 3 or C up.

Update 1: S/L tightened to 1.3423 (guarantees -4). US core durable goods order news in 12 mins. Good luck to all.
Tra-X
  • #318
  • May 24, 2007 8:07am May 24, 2007 8:07am
GU camnelah keadaan die .. pening saye tengok .. heheh .. oppsss .. tertulis bahasa melayu pulak ..

anyway .. signal EU has generate the profit .
  • #319
  • May 24, 2007 8:33am May 24, 2007 8:33am
Opportunity #E12/07
EUR/USD Long
3 parts
Entry: 1.3427
Stop (initial): 1.3415

Mini wave 3 or C up.

Update 1: S/L tightened to 1.3423 (guarantees -4). US core durable goods order news in 12 mins. Good luck to all.
Update 2: Took 1st profit at 1.3458 (+31). S/L tightened to 1.3429 (guarantees +2).
Tra-X
  • #320
  • May 24, 2007 8:39am May 24, 2007 8:39am
Quoting sycorp
GU camnelah keadaan die .. pening saye tengok .. heheh .. oppsss .. tertulis bahasa melayu pulak ..

anyway .. signal EU has generate the profit .
lol speak English here alright. GU is giving unclear waves right now, not the time to make entry for me.
Tra-X
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