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Harmonic Wave Journal

  • #601
  • Jun 27, 2007 8:58am Jun 27, 2007 8:58am
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Tra-X
  • #602
  • Jun 27, 2007 9:08am Jun 27, 2007 9:08am
Quoting Traex
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25


Nicely done as always



I'm curious as to whether we'll get to 121.80ish or stay above 122

Already left my USDJPY at 122.50, but I'm still on a last nibble short EJ..

The Dow Jones will conquer all, to either side.
Trust price. Know yourself.
  • #603
  • Edited 10:46am Jun 27, 2007 10:20am | Edited 10:46am
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Update 4: Took 1st profit at 122.60 (+35). Set TP2 at 122.95 for +70. There's a swap interest worth almost 9 pips today.
Tra-X
  • #604
  • Jun 27, 2007 10:24am Jun 27, 2007 10:24am
Quoting SeekingLight
Nicely done as always



I'm curious as to whether we'll get to 121.80ish or stay above 122

Already left my USDJPY at 122.50, but I'm still on a last nibble short EJ..

The Dow Jones will conquer all, to either side.
Thanks, SeekingLight, same to you too. Wish I could see your journal in the PF.
Well I'm hoping USD/JPY has found its bottom for now, and is going to above 123 again.
Tra-X
  • #605
  • Jun 27, 2007 1:02pm Jun 27, 2007 1:02pm
Quoting Traex
Thanks, SeekingLight, same to you too. Wish I could see your journal in the PF.
Well I'm hoping USD/JPY has found its bottom for now, and is going to above 123 again.

Thanks.
Well, it's a mess, I can tell you that much

More charts and gibberish than sense

122 will no doubt be critical. This is all getting VERY interesting. All xxxJPY pairs and exotics.
Trust price. Know yourself.
  • #606
  • Edited Jun 28, 2007 1:04am Jun 27, 2007 8:56pm | Edited Jun 28, 2007 1:04am
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Update 4: Took 1st profit at 122.60 (+35). Set TP2 at 122.95 for +70. There's a swap interest worth almost 9 pips today.
Update 5: TP2 was hit (+70). S/L tightened to 122.78 (guarantees +53).
Tra-X
  • #607
  • Jun 28, 2007 1:10am Jun 28, 2007 1:10am
Quoting Traex
Opportunity #J3/07
USD/JPY Long
3 parts
Entry: 122.43
Stop (initial): 122.03

End of wave A down of big wave 4 (?).
Entry at 50% fib with stop at 62% fib (re-entry at slightly lower price a bonus) before triple interest Wed (or whatever they call it), another great trade.

Very well done.
  • #608
  • Jun 28, 2007 12:30pm Jun 28, 2007 12:30pm
Quoting Vantage
Entry at 50% fib with stop at 62% fib (re-entry at slightly lower price a bonus) before triple interest Wed (or whatever they call it), another great trade.

Very well done.
Thanks, Vantage.

Well FOMC statement is coming now, might become a moderate mover for tonight. Good luck.
Tra-X
  • #609
  • Jun 28, 2007 1:35pm Jun 28, 2007 1:35pm
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Update 4: Took 1st profit at 122.60 (+35). Set TP2 at 122.95 for +70. There's a swap interest worth almost 9 pips today.
Update 5: TP2 was hit (+70). S/L tightened to 122.78 (guarantees +53).
Update 6: Set last TP at 123.70 for +145.

Another disappointing news. No move at all.
Tra-X
  • #610
  • Jun 28, 2007 10:40pm Jun 28, 2007 10:40pm
Opportunity #EG1/07
EUR/GBP Long
3 parts
Entry: 0.6714
Stop (initial): 0.6689

End of subwave C of wave 2 down (?).

Update 1: Set TP1 at 0.6738 for +24. S/L will move to 0.6711 once TP1 is hit.
Update 2: TP1 was hit (+24). S/L tightened to 0.6711. Just realized 1 pip is huge for this pair.
Update 3: What a waste of time. Waiting only to be stopped out (-3 x2).

Total gain: +18
Tra-X
  • #611
  • Jun 28, 2007 11:46pm Jun 28, 2007 11:46pm
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Update 4: Took 1st profit at 122.60 (+35). Set TP2 at 122.95 for +70. There's a swap interest worth almost 9 pips today.
Update 5: TP2 was hit (+70). S/L tightened to 122.78 (guarantees +53).
Update 6: Set last TP at 123.70 for +145.
Update 7: S/L tightened to 123.12 (guarantees +87).
Tra-X
  • #612
  • Jun 29, 2007 4:02am Jun 29, 2007 4:02am
Opportunity #J3/07 (re-entry)
USD/JPY Long
3 parts
Entry: 122.25
Stop (initial): 121.85

End of wave A down of big wave 4 (?).

Update 1: Out at 122.37 (-6 x3). Will re-entry if possible.
Update 2: Re-entry at 122.25, initial stop at 121.85.
Update 3: S/L tightened to 122.25 (guarantees breakeven).
Update 4: Took 1st profit at 122.60 (+35). Set TP2 at 122.95 for +70. There's a swap interest worth almost 9 pips today.
Update 5: TP2 was hit (+70). S/L tightened to 122.78 (guarantees +53).
Update 6: Set last TP at 123.70 for +145.
Update 7: S/L tightened to 123.12 (guarantees +87).
Update 8: Took last profit at 123.52 (+127). Can't wait any longer.

Total gain: +214
Tra-X
  • #613
  • Jun 29, 2007 11:21am Jun 29, 2007 11:21am
Opportunity #G30/07
GBP/USD Short
3 parts
Entry: 2.0070
Stop (initial): 2.0120

End of wave 5 up (of big wave 1?).
Tra-X
  • #614
  • Jun 29, 2007 12:09pm Jun 29, 2007 12:09pm
Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3540
Stop (initial): 1.3580

End of mini wave 5 of subwave 1 (?).
Tra-X
  • #615
  • Jun 29, 2007 1:42pm Jun 29, 2007 1:42pm
Opportunity #G30/07
GBP/USD Short
3 parts
Entry: 2.0070
Stop (initial): 2.0120

End of wave 5 up (of big wave 1?).

Update 1: Set TP1 at 2.0035 for +35. S/L will move to 2.0078 once TP1 is hit.

Opportunity #E19/07
EUR/USD Short
3 parts
Entry: 1.3540
Stop (initial): 1.3580

End of mini wave 5 of subwave 1 (?).

Update 1: Set TP1 at 1.3510 for +30. S/L will move to 1.3542 once TP1 is hit.
Tra-X
  • #616
  • Jun 29, 2007 10:33pm Jun 29, 2007 10:33pm
Weekly review:

Total trades closed = 3, winners = 3, losers = 0
Total gain in winners = 440
Net gain this week = +440

Short term trades carried thru weekend:
EUR/USD Short from 1.3540 with S/L at 1.3580.
GBP/USD Short from 2.0070 with S/L at 2.0120.

Medium-long term trades:
EUR/USD Short from 1.3595 currently at around +50, GBP/USD Short from 2.0100 currently at around +15.

June monthly review:
4 weeks this month, 12 weeks since start on the Easter Day 7th April
Total trades closed = 15, winners = 11, losers = 4
Winning weeks = 4, no losing week
Net gain this month = +1527 (approx. +50.3% of capital)
Successful wave riding (capturing at least 50% of wave) = 4
Net gain since start of journal = +4322 (approx. +208.5% compounded return)

Weekly and monthly wave recaps will be done with charts later.

Enjoy your weekend everyone.
Tra-X
  • #617
  • Jun 30, 2007 1:00am Jun 30, 2007 1:00am
Traex

Your Performance is VERY IMPRESSIVE.

Yano
  • #618
  • Jul 1, 2007 4:57am Jul 1, 2007 4:57am
Quoting yano125
Traex

Your Performance is VERY IMPRESSIVE.

Yano
Hi yano125, thanks. It's only few months past tho, still can't say anything.
Starting to become bored with trading here; this is not too good.
Tra-X
  • #619
  • Jul 1, 2007 5:10am Jul 1, 2007 5:10am
June is over, and guess what, Cable made its highest monthly close again this year! With current monthly candle pattern, July's candle will likely be a bull candle again. There are 2 possible scenarios that are likely to occur:
1. About 38.2 to 50% retracement of 1.9622 to current high in next 2 weeks in a zigzag, then a rocket-engined bull run in the last 2 weeks (might be for ~800 pips to at least 2.0600). This scenario has occured during Oct-Nov 2006 run.
2. Current rally continues until about 2.0250 to 2.0300, then makes a dive to below 2 again.
With current wave count, scenario 1 is preferred. We'll see.

Wave (red) 5 up is ending soon, prolly marking the end of a big wave 1 of even bigger wave 3 up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 30m small.gif Size: 17 KB
Tra-X
  • #620
  • Jul 1, 2007 5:14am Jul 1, 2007 5:14am
EUR/USD is still on track with its final wave (red) 5 up, with subwave (orange) 1 is ending. Quite an ambiguous count tho, with a very powerful thrust last Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1 small.gif Size: 16 KB
Tra-X
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