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Harmonic Wave Journal

  • #341
  • Edited May 29, 2007 3:45am May 28, 2007 11:17pm | Edited May 29, 2007 3:45am
Good Morning Traex,

I am long EUR/USD from 1.3424. Was glad to see that when
I checked this page you had gone long also. That helps my
confidence in my wave count. Looking for this to be wave 5
up, but not sure if wave 4 is complete yet. I see a chance that it
could drop down to 1.3385 were Wave C = Wave A. Either way I'm
looking for an up swing in a Wave 3 or Wave c of B with a min target of
1.3475 as long as 1.3410 holds. Once and if it reaches my target I will
reassess the count.

Had an order to long GBP/USD at 1.9810 for the end of Wave 4 but
wonder if I will get it now. I see a small 5 wave move up now on the 15 min chart, which could turn into an extended wave 3 now. I'll have to see if
we get a 3 wave retracemant. I feel that the time is close to a good run
up in EUR and GBP today/tomorrow.

GL and GT to you,
and keep sharing

THX
AZ

Well it looks like I missed my own boat on GB/USD
I hate when it leaves the dock and I don't have my paddles.
Now I'll have to swim out when the tide come back.
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #342
  • May 28, 2007 11:53pm May 28, 2007 11:53pm
Quoting Traex
What the most boring trading day ever!! Today is definitely a joke.
Punlic holidays everywhere well UK and US so here in South Africa I was at work didn't even put charts up.

Lets hope the rest of the week makes up. Have a good 'un!
  • #343
  • May 29, 2007 12:01am May 29, 2007 12:01am
Opportunity #E13/07
EUR/USD Long
3 parts
Entry: 1.3423
Stop (initial): 1.3410

End of mini wave 2 (?).

Update 1: S/L tightened to 1.3418 (guarantees -5).
Tra-X
  • #344
  • May 29, 2007 12:07am May 29, 2007 12:07am
Quoting AZ-Heat
Good Morning Traex,

I see a small 5 wave move up now on the 15 min chart, which could turn into an extended wave 3 now. I'll have to see if
we get a 3 wave retracemant. I feel that the time is close to a good run
up in EUR and GBP today/tomorrow.

GL and GT to you,
and keep sharing

THX
AZ
Hi AZ-Heat, yep it's another intraday swing for EUR/USD so far as I see it, with a bet it'll become a sustained impulse upwards. You bet on it too.
For Cable, I still don't see a fresh impulse forming upwards yet. Well, might be wrong tho. All the best to your trades too.
Tra-X
  • #345
  • May 29, 2007 12:09am May 29, 2007 12:09am
Quoting Vantage
Punlic holidays everywhere well UK and US so here in South Africa I was at work didn't even put charts up.

Lets hope the rest of the week makes up. Have a good 'un!
Hi Vantage, volatility will surely come back soon. I can feel the majors itched in their butts already. All the best!
Tra-X
  • #346
  • Edited 12:37am May 29, 2007 12:21am | Edited 12:37am
Quoting Traex
Opportunity #E13/07
EUR/USD Long
3 parts
Entry: 1.3423
Stop (initial): 1.3410

End of mini wave 2 (?).

Update 1: S/L tightened to 1.3418 (guarantees -5).
Would also be interesting to see if the initial sell areas I posted coincide with your take profit levels.

When I go full time I'm going to have to start getting up at 4am local time - 22pm est, some lovely trades happen in and around that time. I've tried it whilst still working and it stuffed me up. Getting too old for this sort of thing!!

Another very good entry looks like on the last EUR trade by the way.
  • #347
  • May 29, 2007 2:57am May 29, 2007 2:57am
*rubs eyes*
*blinks*

Oi! Everyone started the new week without me!
Not fair!

All the good 4h setups came at 6 am, crikey! How is one supposed to be alive at that sort of time!
Woke up to find not only am I late for the party, also my over night TP was missed by 0.1 pips...now that's a bit of a harsh start into the trading week

Congrats on last week Traex, you're simply stampeding through Forex it would seem =)
Great April, superb May, I'm sure it'll be a hot summer!

I've got 1.9892 to pass for cable, 1.3470ish for EURUSD initially.
Then room to 1.9990 and 1.3525ish, although there are EMAs before that on EURUSD.
Trust price. Know yourself.
  • #348
  • Edited 3:22am May 29, 2007 3:01am | Edited 3:22am
Opportunity #E13/07
EUR/USD Long
3 parts
Entry: 1.3423
Stop (initial): 1.3410

End of mini wave 2 (?).

Update 1: S/L tightened to 1.3418 (guarantees -5).
Update 2: Took 1st profit at 1.3457 (+34). S/L tightened to 1.3435 (guarantees +12).
Tra-X
  • #349
  • May 29, 2007 3:10am May 29, 2007 3:10am
Quoting SeekingLight
I've got 1.9892 to pass for cable, 1.3470ish for EURUSD initially.
Then room to 1.9990 and 1.3525ish, although there are EMAs before that on EURUSD.
Hi SeekingLight, yeah you're late today. But I guess you have longs since last week so it doesn't matter, good trades they're still!
I missed that cable long, waited for it to go down further first but it decided to climb earlier. Oh well, at least EUR/USD got caught this time.
All the best to your trades this week.
Tra-X
  • #350
  • May 29, 2007 3:49am May 29, 2007 3:49am
[quote=AZ-Heat;1452697]Good Morning Traex,

I am long EUR/USD from 1.3424. Was glad to see that when
I checked this page you had gone long also. That helps my
confidence in my wave count. Looking for this to be wave 5
up, but not sure if wave 4 is complete yet. I see a chance that it
could drop down to 1.3385 were Wave C = Wave A. Either way I'm
looking for an up swing in a Wave 3 or Wave c of B with a min target of
1.3475 as long as 1.3410 holds. Once and if it reaches my target I will
reassess the count.

Had an order to long GBP/USD at 1.9810 for the end of Wave 4 but
wonder if I will get it now. I see a small 5 wave move up now on the 15 min chart, which could turn into an extended wave 3 now. I'll have to see if
we get a 3 wave retracemant. I feel that the time is close to a good run
up in EUR and GBP today/tomorrow.

GL and GT to you,
and keep sharing

THX
AZ

Well it looks like I missed my own boat on GB/USD
I hate when it leaves the dock and I don't have my paddles.
Now I'll have to swim out when the tide come back.
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #351
  • May 29, 2007 3:55am May 29, 2007 3:55am
Quoting Traex
Hi SeekingLight, yeah you're late today. But I guess you have longs since last week so it doesn't matter, good trades they're still!
I missed that cable long, waited for it to go down further first but it decided to climb earlier. Oh well, at least EUR/USD got caught this time.
All the best to your trades this week.
Actually those were closed. I basically ended up reopening GBPUSD in almost the same place I closed it ironically

Thanks for your wishes, same to you =)

Let's see if we can get some breakout action today, would be nice after 24 hours of nothingness..
Trust price. Know yourself.
  • #352
  • May 29, 2007 4:17am May 29, 2007 4:17am
Opportunity #E13/07
EUR/USD Long
3 parts
Entry: 1.3423
Stop (initial): 1.3410

End of mini wave 2 (?).

Update 1: S/L tightened to 1.3418 (guarantees -5).
Update 2: Took 1st profit at 1.3457 (+34). S/L tightened to 1.3435 (guarantees +12).
Update 3: Took 2nd profit at 1.3495 (+72). S/L tightened to 1.3445 (guarantees +22). It's really fast this time.
Tra-X
  • #353
  • May 29, 2007 8:27am May 29, 2007 8:27am
Opportunity #C3/07
USD/CAD Long
3 parts
Entry: 1.0738
Stop (initial): 1.0698

A trial trade using very small lot size. Won't be counted in journal. End of wave 3 down (from above 1.18).
Tra-X
  • #354
  • May 29, 2007 10:25am May 29, 2007 10:25am
Opportunity #G19/07
GBP/USD Long
3 parts
Entry: 1.9810
Stop (initial): 1.9760

Subwave 5 up (?).
Tra-X
  • #355
  • May 29, 2007 2:54pm May 29, 2007 2:54pm
Long at 1.9799, thinking this is the end of Wave B
I didn't have to worry about swiming out to the boat with
my paddles on this round as the tide came back to me,
but must say I didn't expect this move!

Looking to long EUR/USD at 1.3430+- if USD/CHF is in
the area of 1.2275 at the same time for a 50% retrace.

Always have to pay attention as the wave count is a living thing
and subject to change at anytime.
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #356
  • May 29, 2007 9:31pm May 29, 2007 9:31pm
Opportunity #G19/07
GBP/USD Long
3 parts
Entry: 1.9810
Stop (initial): 1.9760

Subwave 5 up (?).

Update 1: Took 1st profit at 1.9825 (+15). S/L tightened to 1.9790 (guarantees -20). The downmove prolly isn't finished yet.
Tra-X
  • #357
  • May 29, 2007 9:33pm May 29, 2007 9:33pm
Opportunity #E13/07
EUR/USD Long
3 parts
Entry: 1.3423
Stop (initial): 1.3410

End of mini wave 2 (?).

Update 1: S/L tightened to 1.3418 (guarantees -5).
Update 2: Took 1st profit at 1.3457 (+34). S/L tightened to 1.3435 (guarantees +12).
Update 3: Took 2nd profit at 1.3495 (+72). S/L tightened to 1.3445 (guarantees +22). It's really fast this time.
Update 4: Stopped out at 1.3445 (+22).

Total gain: +128
Tra-X
  • #358
  • May 29, 2007 9:53pm May 29, 2007 9:53pm
Quoting AZ-Heat
Long at 1.9799, thinking this is the end of Wave B
I didn't have to worry about swiming out to the boat with
my paddles on this round as the tide came back to me,
but must say I didn't expect this move!

Looking to long EUR/USD at 1.3430+- if USD/CHF is in
the area of 1.2275 at the same time for a 50% retrace.

Always have to pay attention as the wave count is a living thing
and subject to change at anytime.
Good price to long there, AZ-Heat. Well this is what I always wish, that I wouldn't have to sleep all the way during weekdays lol. Anyway I think I understand why you put 1.3430 for EUR/USD long area, it's the lower trendline. Thanks for the info.
Tra-X
  • #359
  • May 30, 2007 1:40am May 30, 2007 1:40am
Great job on the EUR run Traex.
I jumbed out early at 1.3460 for 33 pips.
I need to quit doing that, but have been burned
on reversals so much that i get scared and take
the pips. I need to learn some from your managment
skills as they seem to be right on. You don't seem to
leave to much on the table, excellent work!

I think EUR/USD might drop down alittle more, maybe
1.3410+- so will wait on long untill it looks right.

Still long GBP/USD at 1.9799 and might add to it if it drops
down to 1.9780+-. lets see. I'm looking for 1.9925-60 in this
run up in Wave C

GL & GT
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #360
  • May 30, 2007 1:56am May 30, 2007 1:56am
Opportunity #E14/07
EUR/USD Long
2 parts
Entry: 1.3434
Stop (initial): 1.3418

Mini mini wave 5 of mini wave 1 (?).
Tra-X
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