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Harmonic Wave Journal

  • #521
  • Jun 18, 2007 2:23am Jun 18, 2007 2:23am
Opportunity #G26/07
GBP/USD Short
3 parts
Entry: 1.9842
Stop (initial): 1.9892

End of subwave C, wave 2 or B up (?).
Tra-X
  • #522
  • Jun 18, 2007 2:24am Jun 18, 2007 2:24am
Quoting Vantage
Another great week, thanks for your posting trades and charts.
Cheers
Thanks, Vantage. All the best for your trades.
Tra-X
  • #523
  • Jun 18, 2007 2:47am Jun 18, 2007 2:47am
Quoting Traex
Opportunity #G26/07
GBP/USD Short
3 parts
Entry: 1.9842
Stop (initial): 1.9892

End of subwave C, wave 2 or B up (?).
Looks like another great entry. There is a monthly pivot at .9851 and lots of resistence around that level.
  • #524
  • Jun 18, 2007 5:29am Jun 18, 2007 5:29am
Opportunity #G26/07
GBP/USD Short
3 parts
Entry: 1.9842
Stop (initial): 1.9892

End of subwave C, wave 2 or B up (?).

Update 1: Took 1st profit at 1.9808 (+34). S/L tightened to 1.9847 (guarantees -5).
Tra-X
  • #525
  • Jun 18, 2007 5:32am Jun 18, 2007 5:32am
Quoting Vantage
Looks like another great entry. There is a monthly pivot at .9851 and lots of resistence around that level.
Well, let's hope.. oops.
Thanks for the pivot info. It topped exactly at a rising trendline for now.
Tra-X
  • #526
  • Edited 2:52am Jun 19, 2007 1:14am | Edited 2:52am
Opportunity #G26/07 (re-entry)
GBP/USD Short
3 parts
Entry: 1.9856
Stop (initial): 1.9906

End of subwave C, wave 2 or B up (?).

Update 1: Took 1st profit at 1.9808 (+34). S/L tightened to 1.9847 (guarantees -5).
Update 2: Stopped out at 1.9847 (-5 x2). Re-entry at 1.9856, initial stop at 1.9906.

Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3435
Stop (initial): 1.3475

End of mini wave 3 in subwave 1 or C in subwave A up (?).

Update 1: S/L tightened to 1.3438 (guarantees -3).
Tra-X
  • #527
  • Edited 4:02am Jun 19, 2007 3:04am | Edited 4:02am
Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3435
Stop (initial): 1.3475

End of mini wave 3 in subwave 1 or C in subwave A up (?).

Update 1: S/L tightened to 1.3438 (guarantees -3). Took 1st profit at 1.3403 (+32).
Update 2: S/L tightened to 1.3430 (guarantees +5).
Tra-X
  • #528
  • Jun 19, 2007 3:05am Jun 19, 2007 3:05am
Quoting Traex
Update 2: Stopped out at 1.9847 (-5 x2). Re-entry at 1.9856, initial stop at 1.9906.

Entry: 1.3435
Stop (initial): 1.3475

How you manage to get those entries will never cease to amaze me
Trust price. Know yourself.
  • #529
  • Jun 19, 2007 3:51am Jun 19, 2007 3:51am
SeekingLight, m1 wave count roughly explains it, if not luck. Or price action or whatever people call it here. :


Opportunity #G26/07 (re-entry)
GBP/USD Short
3 parts
Entry: 1.9856
Stop (initial): 1.9906

End of subwave C, wave 2 or B up (?).

Update 1: Took 1st profit at 1.9808 (+34). S/L tightened to 1.9847 (guarantees -5).
Update 2: Stopped out at 1.9847 (-5 x2). Re-entry at 1.9856, initial stop at 1.9906.
Update 3: Took 1st profit at 1.9826 (+30). S/L tightened to 1.9861 (guarantees -5).
Tra-X
  • #530
  • Jun 19, 2007 6:27am Jun 19, 2007 6:27am
Opportunity #G26/07 (re-entry/2nd attempt)
GBP/USD Short
3 parts
Entry: 1.9872
Stop (initial): 1.9922

End of subwave C, wave 2 or B up (?).

Update 1: Took 1st profit at 1.9808 (+34). S/L tightened to 1.9847 (guarantees -5).
Update 2: Stopped out at 1.9847 (-5 x2). Re-entry at 1.9856, initial stop at 1.9906.
Update 3: Took 1st profit at 1.9826 (+30). S/L tightened to 1.9861 (guarantees -5).
Update 4: Blasted again for (-5 x2). Final re-entry at 1.9872, initial stop at 1.9922.
Tra-X
  • #531
  • Jun 19, 2007 11:03am Jun 19, 2007 11:03am
Look How The 23.6% Was Resistent In The Past In Wave 2.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 68 KB
  • #532
  • Jun 19, 2007 12:30pm Jun 19, 2007 12:30pm
Opportunity #G26/07 (re-entry/2nd attempt)
GBP/USD Short
3 parts
Entry: 1.9872
Stop (initial): 1.9922

End of subwave C, wave 2 or B up (?).

Update 1: Took 1st profit at 1.9808 (+34). S/L tightened to 1.9847 (guarantees -5).
Update 2: Stopped out at 1.9847 (-5 x2). Re-entry at 1.9856, initial stop at 1.9906.
Update 3: Took 1st profit at 1.9826 (+30). S/L tightened to 1.9861 (guarantees -5).
Update 4: Blasted again for (-5 x2). Final re-entry at 1.9872, initial stop at 1.9922.
Update 5: Set TP1 at 1.9840 for +32. S/L will move to 1.9892 when TP1 is hit.

Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3435
Stop (initial): 1.3475

End of mini wave 3 in subwave 1 or C in subwave A up (?).

Update 1: S/L tightened to 1.3438 (guarantees -3). Took 1st profit at 1.3403 (+32).
Update 2: S/L tightened to 1.3430 (guarantees +5).
Update 3: Set TP2 at 1.3365 for +70.
Tra-X
  • #533
  • Jun 19, 2007 3:09pm Jun 19, 2007 3:09pm
Hi Traex

I have been following your thread for about 3 weeks and am trying to learn the EW. I find your thread to be one of the best I have seen, so I wanted to thank you for your post and the others that have posted with charts.

I have been useing Wolfe Wave which is based on suport and resistance lines but sometimes I have to wait for the pattern to develope so thought that EW would be a great asset to use along with it.

You sure do a great job with your calls. I am learning a lot. Keep up the good work.

Thanks again
Carolyn
  • #534
  • Jun 19, 2007 4:00pm Jun 19, 2007 4:00pm
Careful with your count... If you decide to short wait for confirmation of the mini 1 wave and try to get in at the start of the mini 2 wave of the 3 wave down that you are suggesting. Retest of the 2's are on the horizon....

Quoting 400396
Look How The 23.6% Was Resistent In The Past In Wave 2.
  • #535
  • Jun 19, 2007 5:50pm Jun 19, 2007 5:50pm
Quoting 400396
Look How The 23.6% Was Resistent In The Past In Wave 2.
If my eyes don't deceive me and we're mirroring the same wave I've seen on 4h now on daily, we will first make a new high(around 1.9990 again maybe?), then drop to a new low. Would be VERY interesting if that really did pan out like that

Currently I'd go with the flow.
Trust price. Know yourself.
  • #536
  • Jun 19, 2007 10:19pm Jun 19, 2007 10:19pm
Quoting Carolyn
I have been useing Wolfe Wave which is based on suport and resistance lines but sometimes I have to wait for the pattern to develope so thought that EW would be a great asset to use along with it.
Hi Carolyn, thanks and welcome to the journal.

I've read about Wolfe Wave before, it's a somewhat good modification of EW I guess with help of trendlines. You may give opinions and charts about it here.
All the best to your trades.
Tra-X
  • #537
  • Jun 19, 2007 10:25pm Jun 19, 2007 10:25pm
Hey fixme and SeekingLight,
Yeah I think finally I see a pattern here that might lead cable to above 2; is that similar to the one in Jan 2007? With the price keeps refusing to go down.
Tra-X
  • #538
  • Jun 19, 2007 10:31pm Jun 19, 2007 10:31pm
Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3435
Stop (initial): 1.3475

End of mini wave 3 in subwave 1 or C in subwave A up (?).

Update 1: S/L tightened to 1.3438 (guarantees -3). Took 1st profit at 1.3403 (+32).
Update 2: S/L tightened to 1.3430 (guarantees +5).
Update 3: Set TP2 at 1.3365 for +70.
Update 4: Stopped out at 1.3430 (+5 x2).

Total gain: +42
Tra-X
  • #539
  • Jun 20, 2007 12:49am Jun 20, 2007 12:49am
THANKS, I AGREE , I'M WAITING FOR SOME COMFORMATION TO MY COUNT.

Quoting fixme1too
Careful with your count... If you decide to short wait for confirmation of the mini 1 wave and try to get in at the start of the mini 2 wave of the 3 wave down that you are suggesting. Retest of the 2's are on the horizon....
  • #540
  • Jun 20, 2007 12:53am Jun 20, 2007 12:53am
YOU ARE RIGHT, SO FAR THIS CHART IS WITH THE BULLS BUT WE MAY HAVE A TURNINIG POINT TO THE BEARISH ON THE DAILY CHART.

Quoting SeekingLight
If my eyes don't deceive me and we're mirroring the same wave I've seen on 4h now on daily, we will first make a new high(around 1.9990 again maybe?), then drop to a new low. Would be VERY interesting if that really did pan out like that

Currently I'd go with the flow.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 40 KB
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