USD/JPY is still in its big wave (lime) 4, with wave (red) B in progress.
Attached Image (click to enlarge)
Tra-X
- #621
- Jul 1, 2007 5:16am Jul 1, 2007 5:16am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
- #622
- Jul 1, 2007 5:20am Jul 1, 2007 5:20am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Similar to USD/JPY, it's still in subwave (orange) 4 of wave (red) 5 up.
Good luck to everyone next week, and in July.
Good luck to everyone next week, and in July.
Tra-X
- #623
- Jul 1, 2007 4:28pm Jul 1, 2007 4:28pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
USD/JPY is still in its big wave (lime) 4, with wave (red) B in progress.
If USDJPY still has to rise more to get that B finished, then GJ can't have completed it's B, and that in turn would put the B to a new high which in turn would be above the A....
See the dilemma here?
Trust price. Know yourself.
- #624
- Jul 2, 2007 1:57am Jul 2, 2007 1:57am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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.
Update 2: S/L tightened to 2.0117 (guarantees -47).
Cable is going crazy.
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.
Update 2: S/L tightened to 2.0117 (guarantees -47).
Cable is going crazy.
Tra-X
- #625
- Jul 2, 2007 2:00am Jul 2, 2007 2:00am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Opportunity #G30/07
GBP/USD Short
3 parts
Entry: 2.0070
Stop (initial): 2.0120
End of wave 5 up (of big wave 1?).
You're amazing
Well, I've stayed short GJ and hope we'll get some commitment now, so far it hasn't dropped past retracement levels yet...come on baby, daddy needs a new pair of shoes! And pants! And underpants! And....let's just say I need GJ to go to 200.00 NOW! ;p
Curious to see how GBPUSD pans out vs USDCHF.
Trust price. Know yourself.
- #626
- Jul 2, 2007 2:19am Jul 2, 2007 2:19am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
So you expect a last leg C up to complete the B near the high before a new downwave in an impulse C down to finish 4?
If USDJPY still has to rise more to get that B finished, then GJ can't have completed it's B, and that in turn would put the B to a new high which in turn would be above the A....
See the dilemma here?
And please don't be greedy, 200.00 for GBP/JPY is sooooo far away.
Tra-X
- #627
- Jul 2, 2007 2:30am Jul 2, 2007 2:30am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
That could happen provided that cable goes down.
And please don't be greedy, 200.00 for GBP/JPY is sooooo far away.
Trust price. Know yourself.
- #628
- Jul 2, 2007 3:08am Jul 2, 2007 3:08am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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.
Update 2: S/L tightened to 2.0117 (guarantees -47). Cable is going crazy.
Update 3: Gunned down for -141. A good start for the month, yeah! Waiting to short again.
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.
Update 2: S/L tightened to 2.0117 (guarantees -47).
Cable is going crazy.Update 3: Gunned down for -141. A good start for the month, yeah!
Waiting to short again.
Tra-X
- #629
- Jul 2, 2007 3:43am Jul 2, 2007 3:43am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Update 3: Gunned down for -141. A good start for the month, yeah!
Awww man, for a second there I thought we'd get a bit more of a bump down.
Anyway, considering today is happening mostly in the xxxCHF crosses it's no small wonder the majors are choppy. However USDCHF will exceed it's part for the drop at some point, then it has to stall and waver around as GBPUSD drops for GBPCHF to go lower. Or we just keep bashing the USD but with USDCHF doing it fastest, that would work too ;p
Trust price. Know yourself.
- #630
- Jul 2, 2007 8:12am Jul 2, 2007 8:12am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #E19/07 (re-entry)
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120.
Re-entry at 1.3605, initial stop at 1.3645. Trying again.
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120.
Re-entry at 1.3605, initial stop at 1.3645. Trying again.
Tra-X
- #631
- Jul 2, 2007 8:15am Jul 2, 2007 8:15am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Awww man, for a second there I thought we'd get a bit more of a bump down.
Anyway, considering today is happening mostly in the xxxCHF crosses it's no small wonder the majors are choppy. However USDCHF will exceed it's part for the drop at some point, then it has to stall and waver around as GBPUSD drops for GBPCHF to go lower. Or we just keep bashing the USD but with USDCHF doing it fastest, that would work too ;p
Tra-X
- #632
- Jul 2, 2007 8:22am Jul 2, 2007 8:22am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I'm looking for scenario 1 now, with Cable retracing to below 1.99 then skyrocketing to above 2.06 (61.8 FE monthly target at 2.0678).
Currently too busy selling GBP in crosses to be in the real pair with any conviction
Trust price. Know yourself.
- #633
- Jul 2, 2007 11:54am Jul 2, 2007 11:54am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #G30/07 (re-entry)
GBP/USD Short
3 parts
Entry: 2.0272 (limit)
Stop (initial): 2.0322
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.
Update 2: S/L tightened to 2.0117 (guarantees -47). Cable is going crazy.
Update 3: Gunned down for -141. A good start for the month, yeah! Waiting to short again.
Update 4: Set re-entry limit at 2.0272, initial stop at 2.0322. I guess it'll be hit soon.
GBP/USD Short
3 parts
Entry: 2.0272 (limit)
Stop (initial): 2.0322
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.
Update 2: S/L tightened to 2.0117 (guarantees -47).
Cable is going crazy.Update 3: Gunned down for -141. A good start for the month, yeah!
Waiting to short again.Update 4: Set re-entry limit at 2.0272, initial stop at 2.0322. I guess it'll be hit soon.
Tra-X
- #634
- Jul 2, 2007 1:15pm Jul 2, 2007 1:15pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #E19/07 (re-entry)
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120. Re-entry at 1.3605, initial stop at 1.3645. Trying again.
Update 3: EUR/USD is scary past 2 days. No retracement rally. Set TP1 at 1.3575 for +30. S/L will move to 1.3640 once TP1 is hit.
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120.
Re-entry at 1.3605, initial stop at 1.3645. Trying again.Update 3: EUR/USD is scary past 2 days. No retracement rally. Set TP1 at 1.3575 for +30. S/L will move to 1.3640 once TP1 is hit.
Tra-X
- #635
- Edited 3:15am Jul 3, 2007 3:06am | Edited 3:15am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #E19/07 (re-entry)
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120. Re-entry at 1.3605, initial stop at 1.3645. Trying again.
Update 3: EUR/USD is scary past 2 days. No retracement rally. Set TP1 at 1.3575 for +30. S/L will move to 1.3640 once TP1 is hit.
Update 4: S/L tightened to 1.3635 (guarantees -30). Took 1st profit at 1.3596 (+9).
EUR/USD Short
3 parts
Entry: 1.3605
Stop (initial): 1.3645
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.
Update 2: Stopped out for -120.
Re-entry at 1.3605, initial stop at 1.3645. Trying again.Update 3: EUR/USD is scary past 2 days. No retracement rally. Set TP1 at 1.3575 for +30. S/L will move to 1.3640 once TP1 is hit.
Update 4: S/L tightened to 1.3635 (guarantees -30). Took 1st profit at 1.3596 (+9).
Tra-X
- #636
- Jul 3, 2007 10:45am Jul 3, 2007 10:45am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
EUR/USD Short
Remember this chart?
I'm curious to see whether we'll finally get to that FE 100 =)
I also love how it used the weak .618 wave end to jump from it.
Trust price. Know yourself.
- #637
- Jul 3, 2007 12:20pm Jul 3, 2007 12:20pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Remember this chart?
I'm curious to see whether we'll finally get to that FE 100 =)
I also love how it used the weak .618 wave end to jump from it.
I forgot about it for a while. Thanks for reminding. 
Tra-X
- #638
- Jul 3, 2007 5:32pm Jul 3, 2007 5:32pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Also still trying to fit some logic into this...
I think the 12345 for the corrective count is most likely wrong since a corrective move is 3 not 5 waves, right? Then just pretend it's A then ABC-B and then a single stop quick abortion mini C ;p
Not that any of my counting makes much sense...I just use it as justification of the already established trend anyways
I think the 12345 for the corrective count is most likely wrong since a corrective move is 3 not 5 waves, right? Then just pretend it's A then ABC-B and then a single stop quick abortion mini C ;p
Not that any of my counting makes much sense...I just use it as justification of the already established trend anyways
Trust price. Know yourself.
- #639
- Jul 3, 2007 5:34pm Jul 3, 2007 5:34pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Putting aside the 1 end vs 4 low dilemma, I think this wavecount for up looks okay
Question is, in what are we right now? C? 3? Something?
EURUSD's monthly was sooooooo much nicer ;p
Sorry to flood your journal but the markets went comatose and I don't know what else to DOOOOOooo
Question is, in what are we right now? C? 3? Something?
EURUSD's monthly was sooooooo much nicer ;p
Sorry to flood your journal but the markets went comatose and I don't know what else to DOOOOOooo
Trust price. Know yourself.
- #640
- Jul 3, 2007 11:06pm Jul 3, 2007 11:06pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
This is what I'm afraid of. US holiday, momentum is on the brink of a breakout... really same setup as in Nov 2006 thanksgiving. Won't be surprise if we see EUR/USD at 1.3750 and Cable at 2.0350 today.
Tra-X