yeah .... go go go cable go....
- #882
- Sep 5, 2007 10:05am Sep 5, 2007 10:05am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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).
Update 6: Took 3rd profit at 2.0213 (+163).
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).
Update 6: Took 3rd profit at 2.0213 (+163).
Tra-X
- #883
- Sep 5, 2007 10:11am Sep 5, 2007 10:11am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hi,SeekingLight ... You mean, wave 3 of bigger wave 5 Up???
Or wave 3 up?? because I got open 2 alternatives....
Here I'll post my current labelling. It's odd because the abc = 2 I could also count as 12345 = 2. Can a Wave 2 have a 5 count?
Anyways, working off the assumption this is Wave 5.3 now, aiming at 2.0320 minimum.
Trust price. Know yourself.
- #885
- Sep 5, 2007 10:23am Sep 5, 2007 10:23am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Ok, nevermind, I think I may have misprojected.
Let me offer another count, putting the 2 a lot earlier and this current one as 5.3.2 end instead, which would explain why we stopped so darn early..
Confirmation comes above 2.0235 high.
Traex, if you'd like to give an opinion, too?
Curious what your current count would be
Let me offer another count, putting the 2 a lot earlier and this current one as 5.3.2 end instead, which would explain why we stopped so darn early..
Confirmation comes above 2.0235 high.
Traex, if you'd like to give an opinion, too?
Curious what your current count would be
Trust price. Know yourself.
- #886
- Sep 5, 2007 10:29am Sep 5, 2007 10:29am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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
Here's my current count. But there are few other alternative counts, like what SeekingLight mentioned.
Well let's see what this monster will unfold. All the best in your trades.
Tra-X
- #887
- Sep 5, 2007 10:40am Sep 5, 2007 10:40am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Ok, nevermind, I think I may have misprojected.
Let me offer another count, putting the 2 a lot earlier and this current one as 5.3.2 end instead, which would explain why we stopped so darn early..
Confirmation comes above 2.0235 high.
Traex, if you'd like to give an opinion, too?
Curious what your current count would be
Tra-X
- #890
- Sep 5, 2007 11:43am Sep 5, 2007 11:43am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hi Carolyn,
Here's my current count. But there are few other alternative counts, like what SeekingLight mentioned.
I'm starting to see the waves, yay =D
Just not used to putting the B above the A origin...feels wrong.
Well, either way we're both in an impulse up, so that's hopefully a good thing
What are the min-max targets for this orange 5 in progress? Is that the 5 for a larger 5 = 5.1?
Just trying to figure out when to be wary for a potential retrace again..
Trust price. Know yourself.
- #891
- Sep 5, 2007 11:56am Sep 5, 2007 11:56am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Hey cool, that's the 12345 = C I meant
I'm starting to see the waves, yay =D
Just not used to putting the B above the A origin...feels wrong.
Well, either way we're both in an impulse up, so that's hopefully a good thing
What are the min-max targets for this orange 5 in progress? Is that the 5 for a larger 5 = 5.1?
Just trying to figure out when to be wary for a potential retrace again..
For this orange wave 5 up, I guess it'd be difficult to project its end, but for cable to hit 2.08, this wave should extend far and reach around FE 1.618 of wave 1 to 3 length?Wave 1 to 3 is 1.9651 to 2.0191 = 540 pips. 1.618 of that is 874 pips, add that to 2.0042 and we get 2.0916, whew. Never mind that now, still very far and difficult too.
I don't see yet that it's only inside wave 1 of an even bigger impulse wave up.
Tra-X
- #892
- Sep 5, 2007 12:31pm Sep 5, 2007 12:31pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I don't see yet that it's only inside wave 1 of an even bigger impulse wave up.
Yea I have s/r at the 2.08+ too for some targets. What I meant about the 5 = 5.1 is that you labeled the last low as orange 4, so do you think that ALL of the next 5-600 pips will be only wave 5 already? Wouldn't that make 5 bigger than 3?
Just curious
Trust price. Know yourself.
- #893
- Sep 5, 2007 12:56pm Sep 5, 2007 12:56pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Yea I have s/r at the 2.08+ too for some targets. What I meant about the 5 = 5.1 is that you labeled the last low as orange 4, so do you think that ALL of the next 5-600 pips will be only wave 5 already? Wouldn't that make 5 bigger than 3?
Just curious
Tra-X
- #894
- Sep 5, 2007 6:19pm Sep 5, 2007 6:19pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Yeah it's quite possible for wave 5 extension, I've seen those before. But let's not think about the extension first atm.
Okay. Quite frankly, I am scared by the disparity of the carry and the majors. One of the two has GOT to be wrong. I don't see GJ fall as GBPUSD rises and the other way around. It just means too much insanity would have to go over on USDJPY...and at some point, one of the two will have to tag along.
I'm just scared it might be GBPUSD getting sucked in as tomorrow is BOE...really don't know...still below 2.0235, still no confirmation
Trust price. Know yourself.
- #895
- Sep 6, 2007 2:46am Sep 6, 2007 2:46am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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).
Update 6: Took 3rd profit at 2.0213 (+163).
Update 7: S/L tightened to 2.0185 (guarantees +137)
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).
Update 6: Took 3rd profit at 2.0213 (+163).
Update 7: S/L tightened to 2.0185 (guarantees +137)
Tra-X
- #897
- Sep 6, 2007 3:29am Sep 6, 2007 3:29am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Update 7: S/L tightened to 2.0185 (guarantees +137)
Keeping my fingers soooooooooo crossed for 2.03 and then some
Trust price. Know yourself.
- #898
- Sep 6, 2007 3:54am Sep 6, 2007 3:54am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Looks like its gonna be a good month.
Keeping my fingers soooooooooo crossed for 2.03 and then some
Tra-X
- #900
- Sep 6, 2007 7:16am Sep 6, 2007 7:16am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
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).
Update 6: Took 3rd profit at 2.0213 (+163).
Update 7: S/L tightened to 2.0185 (guarantees +137)
Update 8: Stopped out for +137.
Total gain: +290
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).
Update 6: Took 3rd profit at 2.0213 (+163).
Update 7: S/L tightened to 2.0185 (guarantees +137)
Update 8: Stopped out for +137.
Total gain: +290
Tra-X