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Harmonic Wave Journal

  • #821
  • Aug 28, 2007 5:10am Aug 28, 2007 5:10am
Opportunity E25/07
EUR/USD Short
3 parts
Entry: 1.3682
Stop (initial): 1.3722

End of subwave B (or X) up (?). Hit a major trendline.

Update 1: S/L tightened to 1.3686 (guarantees -4).
Update 2: Took 1st profit at 1.3649 (+33). Trichet speaks soon. S/L tightened to 1.3682 (guarantees breakeven).
Update 3: S/L tightened to 1.3669 (guarantees +13)
Update 4: Boom-ed for +13 x2.

Total gain: +59
Tra-X
  • #822
  • Aug 28, 2007 5:52am Aug 28, 2007 5:52am
Opportunity #G37/07
GBP/USD Long
3 parts
Entry: 2.0030
Stop (initial): 1.9980

End of mini wave A of subwave B, or subwave 4 (?).

Update 1: Took 1st profit at 2.0069 (+39). S/L tightened to 2.0046 (guarantees +16).
Update 2: Took 2nd profit at 2.0126 (+96). S/L tightened to 2.0056 (guarantees +26).
Tra-X
  • #823
  • Aug 28, 2007 11:04am Aug 28, 2007 11:04am
Opportunity #G37/07
GBP/USD Long
3 parts
Entry: 2.0030
Stop (initial): 1.9980

End of mini wave A of subwave B, or subwave 4 (?).

Update 1: Took 1st profit at 2.0069 (+39). S/L tightened to 2.0046 (guarantees +16).
Update 2: Took 2nd profit at 2.0126 (+96). S/L tightened to 2.0056 (guarantees +26).
Update 3: Stopped out for +26.

Total gain: +161
Tra-X
  • #824
  • Aug 29, 2007 4:41am Aug 29, 2007 4:41am
My current hypothesis, missed out the end of 4 completely and lost half of the short I had. I actually rode 90% of wave 4, from 2.0111 on down I was short...then we move a bit below 1.9990 and I think cool, we're going down again...later I measure it is ABC with C = 161.8% of A = wave 4 and this morning we go rampaging up from there, an hour after I go to sleep.

Lost half my profit AND missed the perfect entry into the long.

Total retrace of 4 was 50% of 3 this time btw, since that's what I asked last time


Here's the count for it.

Still annoyed! Woulda been PERFECT waves, but no, I had to sleep.

Looking to find the end of V.5.4 now to enter for the final wave 5 push.
Attached Image
Trust price. Know yourself.
  • #825
  • Aug 29, 2007 6:08am Aug 29, 2007 6:08am
Opportunity #G38/07
GBP/USD Short
3 parts
Entry: 2.0152
Stop (initial): 2.0202

End of subwave B up of wave 2 or B down (?).
Tra-X
  • #826
  • Aug 29, 2007 6:14am Aug 29, 2007 6:14am
Quoting SeekingLight
Still annoyed! Woulda been PERFECT waves, but no, I had to sleep.

Looking to find the end of V.5.4 now to enter for the final wave 5 push.
Well you're not the only one missed the long entry, hate bottoming during early asian.
However I prefer this to be wave B up rather than new impulse. Not a very good day to trade. If that's really wave 5.4 like you said, then maybe look for below 2.0100 for good long entry again imho.
Tra-X
  • #827
  • Edited 6:36am Aug 29, 2007 6:27am | Edited 6:36am
Opportunity #G38/07
GBP/USD Short
3 parts
Entry: 2.0152
Stop (initial): 2.0202

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

Update 1: S/L tightened to 2.0158 (guarantees -6). Took 1st profit at 2.0112 (+40).
Tra-X
  • #828
  • Aug 29, 2007 6:32am Aug 29, 2007 6:32am
Nothing to contribute other that to say I remain stunned as to your trades. The latest GBP sale at 2.0152 another amazing entry. Its 2.0113 as I write so I'm hoping for a small bounce to get a chance to sell, perhaps a bounce from 2.0100, we'll see.

Best wishes.
  • #829
  • Aug 29, 2007 6:49am Aug 29, 2007 6:49am
Quoting Traex
Well you're not the only one missed the long entry, hate bottoming during early asian.
However I prefer this to be wave B up rather than new impulse. Not a very good day to trade. If that's really wave 5.4 like you said, then maybe look for below 2.0100 for good long entry again imho.
Yea, I'm eyeing up .382 of 3 = 2.0085 and 50% at 2.0063.

Let's see what happens. If I am right, we should get to 2.0180 / 2.02 without too much of a problem. Then maybe a nice short setup..

Also trying to count some sense into USDCAD.

Sorry for the lack of proper "proportions", I'm trying to say that the last high was the end of a big 4, then we start to go into a big 5.1, maybe finished the 5.2 and are now starting a 5.3 down possibly...

Just guessing, as always
Attached Image
Trust price. Know yourself.
  • #830
  • Aug 29, 2007 11:51am Aug 29, 2007 11:51am
Opportunity #G38/07
GBP/USD Short
3 parts
Entry: 2.0152
Stop (initial): 2.0202

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

Update 1: S/L tightened to 2.0158 (guarantees -6). Took 1st profit at 2.0112 (+40).
Update 2: Stopped out for -6 x2, fuh. I guess Cable is on the way to 2.08 - 2.1 area now.

Total gain: +28
Tra-X
  • #831
  • Aug 29, 2007 12:04pm Aug 29, 2007 12:04pm
Quoting SeekingLight
Sorry for the lack of proper "proportions", I'm trying to say that the last high was the end of a big 4, then we start to go into a big 5.1, maybe finished the 5.2 and are now starting a 5.3 down possibly...

Just guessing, as always
I quite have the same count there for USD/CAD, SeekingLight. 1.0000 is on the cards now?
Tra-X
  • #832
  • Aug 29, 2007 7:28pm Aug 29, 2007 7:28pm
Quoting Traex
I quite have the same count there for USD/CAD, SeekingLight. 1.0000 is on the cards now?
Good morning Traex and Seeklight

I am quite new here(FF), had practiced FX all by myself, your wave counting
are so impressive to me. Actually this is the first post of mine in FF.

(English is not my native language, hope that won't be the barrier)

My humble wave counting is slightly different with Seeklight's, differ in
the pin labled 3 and 5, I am wondering could those at the same wave level
as Seeklight's wave 1 and 2? Please correct me if you find the mistake.

Really appreciate this thread and your work.
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 20 KB
......
  • #833
  • Aug 29, 2007 7:33pm Aug 29, 2007 7:33pm
Just now the upload was wrong. the wave counting chart is this one.
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 22 KB
......
  • #834
  • Edited 12:26am Aug 30, 2007 12:17am | Edited 12:26am
Opportunity #GJ06/07
GBP/JPY Long
4 parts
Entry: 232.02
Stop (initial): 231.22

End of mini wave 4 down (?).

S/L already tightened to 231.90 (guarantees -12).
Tra-X
  • #835
  • Edited 1:49am Aug 30, 2007 12:24am | Edited 1:49am
Opportunity #GJ06/07
GBP/JPY Long
4 parts
Entry: 232.02
Stop (initial): 231.22

End of mini wave 4 down (?).

S/L already tightened to 231.90 (guarantees -12).

Update 1: Took 1st profit at 232.80 (+78). S/L tightened to 232.30 (guarantees +28).
Tra-X
  • #836
  • Aug 30, 2007 2:57am Aug 30, 2007 2:57am
Quoting Traex
I quite have the same count there for USD/CAD, SeekingLight. 1.0000 is on the cards now?
Coolies, that makes me happy =)
Yea, initial projections point to 1.02 - 1.0 IF that head and shoulders triggers..

I'd also love to see 2.08-2.1 cable pleeeeeeeeeeeease
Trust price. Know yourself.
  • #837
  • Aug 30, 2007 3:11am Aug 30, 2007 3:11am
Opportunity #GJ06/07
GBP/JPY Long
4 parts
Entry: 232.02
Stop (initial): 231.22

End of mini wave 4 down (?).

S/L already tightened to 231.90 (guarantees -12).

Update 1: Took 1st profit at 232.80 (+78). S/L tightened to 232.30 (guarantees +28).
Update 2: Out for +28 x3. My count got messed up lately. Really need to take a break for abit.

Total gain: +162
Tra-X
  • #838
  • Aug 30, 2007 3:20am Aug 30, 2007 3:20am
Quoting SeekingLight
Coolies, that makes me happy =)
Yea, initial projections point to 1.02 - 1.0 IF that head and shoulders triggers..

I'd also love to see 2.08-2.1 cable pleeeeeeeeeeeease
Alright man cable is making a mess again.

Quoting rh674
Just now the upload was wrong. the wave counting chart is this one.
Hi rh674, thanks for the chart.
Tra-X
  • #839
  • Aug 30, 2007 5:03am Aug 30, 2007 5:03am
Opportunity #G38/07
GBP/USD Long
3 parts
Entry: 2.0057
Stop (initial): 2.0007

End of mini wave 4 or B (?).
Tra-X
  • #840
  • Edited 6:16am Aug 30, 2007 5:41am | Edited 6:16am
Quoting Traex
Opportunity #G38/07
GBP/USD Long
3 parts
Entry: 2.0057
Stop (initial): 2.0007

End of mini wave 4 or B (?).
Praying to god you're right on this one

I got a possible alternate count making this current move down a 2 of the ongoing gigantic 5 up, end of that 2 will get us into a strrrrrrrrrrrrong 3 up possibly. But the proportions seem FAR too small, I really really do not know.

It's odd, some wave 2s seem tor retrace almost 90%, some wave 2s seem to barely do .382...is that normal or can I just not count properly?

No idea if this is even allowed...
Attached Image
Trust price. Know yourself.
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