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Harmonic Wave Journal

Thanks aha for the chart, yeah that's what my count looks like, with a possible end of wave 5 at 2.0131.

Well today is another boring day, with cable and EUR/USD 'slightly' going up currently.
Tra-X
Quoting Traex
Thanks aha for the chart, yeah that's what my count looks like, with a possible end of wave 5 at 2.0131.

Well today is another boring day, with cable and EUR/USD 'slightly' going up currently.
I think "another boring Monday" is the term.....the ranges in May for cable were 50, 65, 75 and 30 - but last week (June 4) it was 100. It seems that the average is now around 90 pips / day accross the week, so lets hope that we get at least that!

So far today its 48!

http://www.forexfactory.com/images/icons/icon9.gif
Trading Levels with WRBs
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).
Tra-X
Another great week Traex!!!!!! Good job.

As far as cable, I think this is completing wave A of 2 at 1.9730 area.
I thought I would share my count on EUR/GBP. I feel that it is in wave 2 of C right now with one more push up to finish the smaller c of c. This would correlate with my theroy on Cable for a drop in wave B.

What do you think guys/gals?

AZ
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 11 21.09.jpg Size: 29 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
Of course I see your post after I finish mine. I see that you are looking for a wave 5. I did not like the look of the wave pattern, it does look complete at least to me. On my EUR/GBP chart, I have Eur stronger then GBP in wave c of c and for some distance. I was concerned by how much but figured the $ would balance that out. Now with your count it would fit in better.
May be I will get an expanded flat on my B wave

Anyway, I like following you and thanks for letting me join in!!!!!!

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • Post #486
  • Quote
  • Edited 12:58am Jun 12, 2007 12:44am | Edited 12:58am
I'm very close to pull my triger too.... waiting for the 5 wave pattern of wave C at 5 min to complete, now it's probably at 5.4...

I posted a chart a few minutes ago show the 5 wave pattern of wave C, and the wave 5 seems to have developed into a 5 wave pattern after that.

http://forexfactory.com/showpost.php...postcount=1590

Quoting Traex
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).
Target: Trading naked.
Thanks for the daily range infos there, Islander.

Hi AZ-Heat and aha,

Well as far as I see cable is still moving quite uncertainly. Slow motion move like this is normally 'creepy'. Any of the waves you both mentioned are possible.
No comments on the EUR/GBP tho.
Tra-X
Quoting Traex
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).
Any doubts on this one, you later describe price action as creepy? If UK cpi goes the right way and some important daily trend lines fail (they held the recent dramatic fall off) many seem to be targeting 1.9500. Is this still how you see things?
Quoting Traex
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).

Hey Traex... Glad to see you doing so well with your thread... Just had a quick question. Can you see cable moving to high 9800's at all?
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).

Update 1: Took 1st profit at 1.9700 (+30). S/L tightened to 1.9748 (guarantees -18).
Tra-X
Quoting Vantage
Any doubts on this one, you later describe price action as creepy? If UK cpi goes the right way and some important daily trend lines fail (they held the recent dramatic fall off) many seem to be targeting 1.9500. Is this still how you see things?
Hi Vantage, I normally treat any news (except vital ones like NFPs or interest rates) as sparks and volume providers to a technical move only. I figured if I cared for all news too much I wouldn't have any trade decision coming out at all, and be thrown in for a self-confusion. Well, just my 2 pips view. It's started moving now, time for a fight.
Tra-X
Quoting fixme1too
Hey Traex... Glad to see you doing so well with your thread... Just had a quick question. Can you see cable moving to high 9800's at all?
Hey fixme1too, welcome and glad to see you here again.

Yep, I can see it going to 9800 again, but not before it retraces first to maybe 1.9670-80 imo. It's possible that it'll go straight away down to below 9600 tho. After A it's B and then C etc, it's just the way the waves move. You taught me that well last time, thanks alot for that. Miss your old webinars.
Tra-X
Opportunity #G23/07
GBP/USD Short
3 parts
Entry: 1.9730
Stop (initial): 1.9780

End of wave 4 up (?).

Update 1: Took 1st profit at 1.9700 (+30). S/L tightened to 1.9748 (guarantees -18).
Update 2: Out at 1.9748 (-18 x2). What another messy wave again.

Total gain: -6
Tra-X
  • Post #494
  • Quote
  • Edited 11:49pm Jun 12, 2007 12:42pm | Edited 11:49pm
Opportunity #E18/07
EUR/USD Long
3 parts
Entry: 1.3305
Stop (initial): 1.3265

End of mini wave 5 down, end of subwave Z of wave 4 (?).

Update 1: Limit was hit and trade is open.
Tra-X
Opportunity #E18/07
EUR/USD Long
3 parts
Entry: 1.3305
Stop (initial): 1.3265

End of mini wave 5 down, end of subwave Z of wave 4 (?).

Update 1: Limit was hit and trade is open. S/L tightened to 1.3287 (guarantees -18).
Tra-X
Once again cable moved during late NY and early asian, while I was away!
I think I need to shift my sleep time temporarily. Well, just dreaming.
Tra-X
Opportunity #E18/07 (re-entry)
EUR/USD Long
3 parts
Entry: 1.3275
Stop (initial): 1.3235

End of mini wave 5 down, end of subwave Z of wave 4 (?).

Update 1: Limit was hit and trade is open. S/L tightened to 1.3287 (guarantees -18).
Update 2: Stopped out for -36. Re-entry at 1.3275, initial stop at 1.3235.
Tra-X
Opportunity #G24/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Subwave C of wave 2 up (?).
Tra-X
Opportunity #E18/07 (re-entry)
EUR/USD Long
3 parts
Entry: 1.3275
Stop (initial): 1.3235

End of mini wave 5 down, end of subwave Z of wave 4 (?).

Update 1: Limit was hit and trade is open. S/L tightened to 1.3287 (guarantees -18).
Update 2: Stopped out for -36. Re-entry at 1.3275, initial stop at 1.3235.
Update 3: S/L tightened to 1.3266 (guarantees -9). Took 1st profit at 1.3303 (+28).
Update 4: Set TP2 at 1.3345 for +70.
Tra-X
Opportunity #G24/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Subwave C of wave 2 up (?).

Update 1: Took 1st profit at 1.9720 (+36). S/L tightened to 1.9686 (guarantees +2).
Update 2: Set TP2 at 1.9770 for +86.
Tra-X
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