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Harmonic Wave Journal

  • #861
  • Sep 2, 2007 9:13am Sep 2, 2007 9:13am
Quoting Traex
August's monthly review:
20 weeks since start (1 week break not counted), 4 weeks in August.
Winning weeks = 4, no losing week
Total trades this month = 13, winners = 11, loser = 1, breakeven = 1
Net gain this month = +2401 (approx. +72.75% of last mth's capital)
Successful wave riding = 7
Net gain since start of journal = +7742 (approx. +580.5% of initial capital)


Awesome, awesome, awesome and...awesome

You're blowing everyone away =)

My deepest respect for your superior entries, I don't think anyone can match the consistency with which you seem to get those pin-point entries so many times

You're THE example that EW CAN indeed be used to trade from profitably, if only done RIGHT and not too overcomplicated. Two thumbs up!

Can't applaud you enough =)

Hope you're having a great weekend and will have many more months like this!
Trust price. Know yourself.
  • #862
  • Sep 2, 2007 2:10pm Sep 2, 2007 2:10pm
Quoting Traex
Weekly review:

Total trades closed = 5, winners = 5, no loser
Net gain this week = +716

No short-term and medium-long term trades open.

August's monthly review:
20 weeks since start (1 week break not counted), 4 weeks in August.
Winning weeks = 4, no losing week
Total trades this month = 13, winners = 11, loser = 1, breakeven = 1
Net gain this month = +2401 (approx. +72.75% of last mth's capital)
Successful wave riding = 7
Net gain since start of journal = +7742 (approx. +580.5% of initial capital)
nice, very impressive.
  • #863
  • Sep 3, 2007 4:01am Sep 3, 2007 4:01am
Hey thanks SeekingLight and Wallboroff, I know both of you are doing well. Let's pull some more strings again this month!
Tra-X
  • #864
  • Sep 4, 2007 5:57am Sep 4, 2007 5:57am
Opportunity #G39/07
GBP/USD Long
3 parts
Entry: 2.0128
Stop (initial): 2.0078

End of mini mini wave A of C, or mini wave 2 of 5.
Tra-X
  • #865
  • Sep 4, 2007 6:30am Sep 4, 2007 6:30am
Hello Traex, I hope you dont mind a fellow Elliotician posting his count here. This is just my count, it might just be wrong.
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  • #866
  • Sep 4, 2007 6:53am Sep 4, 2007 6:53am
Quoting Traex
End of mini mini wave A of C, or mini wave 2 of 5.

I'm also still trying to figure out where exactly it is we're at...here's my humble attempt at counting after we put in the last high. Currently favoring an ABC down if at all possible to complete 2(alternatively something more complicated), then a 3 up.



Would love to hear your opinion on the 12345 = 1 count
Attached Image (click to enlarge)
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Trust price. Know yourself.
  • #867
  • Sep 5, 2007 1:48am Sep 5, 2007 1:48am
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0068
Stop (initial): 2.0018

End of mini mini wave A of C, or mini wave 2 of 5.

Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Tra-X
  • #868
  • Sep 5, 2007 2:01am Sep 5, 2007 2:01am
Quoting Luffy
Hello Traex, I hope you dont mind a fellow Elliotician posting his count here. This is just my count, it might just be wrong.
Hi Luffy, thanks for posting your chart and welcome to the journal. End of this hypothesized wave C down might be quite tricky.

Quoting SeekingLight
I'm also still trying to figure out where exactly it is we're at...here's my humble attempt at counting after we put in the last high. Currently favoring an ABC down if at all possible to complete 2(alternatively something more complicated), then a 3 up.

Would love to hear your opinion on the 12345 = 1 count
Ah another good alternative count, SeekingLight. Wave 2 of the big wave 5 up. Would be a nice thing to watch 50% retracement level for this count. Prolly subwave A of wave 2 might have just or nearly finished here.
Tra-X
  • #869
  • Sep 5, 2007 2:34am Sep 5, 2007 2:34am
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0068
Stop (initial): 2.0018

End of mini mini wave A of C, or mini wave 2 of 5.

Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Update 2: Alright, out at breakeven. Will try to make entry again further below.
Tra-X
  • #870
  • Sep 5, 2007 2:49am Sep 5, 2007 2:49am
The next obvious support is around 2.0040 from 30 Aug and then 1.9960 from 29 Aug.
  • #871
  • Edited 3:30am Sep 5, 2007 3:05am | Edited 3:30am
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0048
Stop (initial): 1.9998

End of mini mini wave A of C, or mini wave 2 of 5.

Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Update 2: Alright, out at breakeven. Will try to make entry again further below.
Update 3: 2nd re-entry at 2.0048, initial stop at 1.9998. S/L tightened to 2.0042 (guarantees -6).
Tra-X
  • #872
  • Sep 5, 2007 3:10am Sep 5, 2007 3:10am
Quoting Traex
Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Tell me about it, the same thing happened to me...and partially against my better judgement, too :S

Maybe 2.0015...if 2.0044 doesn't hold.
Trust price. Know yourself.
  • #873
  • Edited 5:23am Sep 5, 2007 3:55am | Edited 5:23am
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0048
Stop (initial): 1.9998

End of mini mini wave A of C, or mini wave 2 of 5.

Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Update 2: Alright, out at breakeven. Will try to make entry again further below.
Update 3: 2nd re-entry at 2.0048, initial stop at 1.9998. S/L tightened to 2.0042 (guarantees -6).
Update 4: Took 1st profit at 2.0088 (+40). S/L tightened to 2.0048 (guarantees breakeven)
Tra-X
  • #874
  • Sep 5, 2007 4:24am Sep 5, 2007 4:24am
Urm, dont wanna dampen you guys but this is what I am expecting, of course, a break of 2.0161 means I'm wrong. Next move is possibly iii of 3 down.
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  • #875
  • Sep 5, 2007 8:15am Sep 5, 2007 8:15am
Traex, could you post a chart of your count. I don't understand how you can up with that count. My count is like Luffy....and because I am just a novice at EW.

Thanks
Carolyn
  • #876
  • Edited 9:50am Sep 5, 2007 9:11am | Edited 9:50am
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0048
Stop (initial): 1.9998

End of mini mini wave A of C, or mini wave 2 of 5.

Update 1: Blown out for -150. What a monthly start. Re-entry at 2.0068, initial stop at 2.0018.
Update 2: Alright, out at breakeven. Will try to make entry again further below.
Update 3: 2nd re-entry at 2.0048, initial stop at 1.9998. S/L tightened to 2.0042 (guarantees -6).
Update 4: Took 1st profit at 2.0088 (+40). S/L tightened to 2.0048 (guarantees breakeven)
Update 5: Took 2nd profit at 2.0148 (+100). S/L tightened to 2.0100 (guarantees +52).
Tra-X
  • #877
  • Sep 5, 2007 9:14am Sep 5, 2007 9:14am
cable count wrong, oh well, least got out with some profit.
  • #878
  • Sep 5, 2007 9:24am Sep 5, 2007 9:24am
woops wrong forum
  • #879
  • Sep 5, 2007 9:39am Sep 5, 2007 9:39am
Quoting Traex
Opportunity #G39/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0048
Stop (initial): 1.9998

End of mini mini wave A of C, or mini wave 2 of 5.

I sure hope this is 3 up and not B

But it's odd, I got a 5 wave count down to 2.0043...is that possible?

GO GO GO CABLE GOOOOOOOOOOOOOOOOOOOO!!!!!!!!

2.03, 2.045, 2.05, 2.06, 2.08++++++++++ here we cooooooooome
Trust price. Know yourself.
  • #880
  • Sep 5, 2007 10:01am Sep 5, 2007 10:01am
Hi,SeekingLight ... You mean, wave 3 of bigger wave 5 Up???
Or wave 3 up?? because I got open 2 alternatives....
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