Another Short Trade @ 233.15 for GBPJPY
EG
EG
- #542
- Sep 6, 2007 3:02am Sep 6, 2007 3:02am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
GBPJPY
Ok I missed to take profit on that 2nd Short Trade I made could have been a 35-40 pip gain. (coz I fell asleep after a hearty lunch with a friend).
Anyway, It seems that the BUlls are still in control. I am looking for another entry level for my last Short trade to put in....
I am eyeing 234.82 ambitiously . But I could settle for somethng a little lower than that.
..... it all depends on what I see and what my gut feel tells me.
... of course I am still using EW Counts
EG
Ok I missed to take profit on that 2nd Short Trade I made could have been a 35-40 pip gain. (coz I fell asleep after a hearty lunch with a friend).
Anyway, It seems that the BUlls are still in control. I am looking for another entry level for my last Short trade to put in....
I am eyeing 234.82 ambitiously . But I could settle for somethng a little lower than that.
..... it all depends on what I see and what my gut feel tells me.
... of course I am still using EW Counts
EG
- #543
- Edited Nov 5, 2024 11:39am Sep 6, 2007 3:17am | Edited Nov 5, 2024 11:39am
- | Joined Sep 2006 | Status: just another tough day in Africa | 204 Posts
GBPJPY
Ok I missed to take profit on that 2nd Short Trade I made could have been a 35-40 pip gain. (coz I fell asleep after a hearty lunch with a friend).
Anyway, It seems that the BUlls are still in control. I am looking for another entry level for my last Short trade to put in....
I am eyeing 234.82 ambitiously . But I could settle for somethng a little lower than that.
..... it all depends on what I see and what my gut feel tells me.
... of course I am still using EW Counts
EG
Hey EG,
What ever you don't look back! FX lessons everywhere!!
....{ copyrighted attachment deleted by staff }
Eish!
If you don't fly with the eagles you'll scratch with the turkeys
- #544
- Sep 6, 2007 4:39am Sep 6, 2007 4:39am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Thank you AP.
GBPJPY
Looks like this baby is working out like I thought it would .
BUt I have no more Long Trades. Instead I have been nrsing 3 Short trades.
233.94 high was not high enough to convince me that it was the peak.
So I expect it to go up some more. I will not be putting in any long trades as I want to prepare for the Ultimate Short rade of the Week.
EG
GBPJPY
Looks like this baby is working out like I thought it would .
BUt I have no more Long Trades. Instead I have been nrsing 3 Short trades.
233.94 high was not high enough to convince me that it was the peak.
So I expect it to go up some more. I will not be putting in any long trades as I want to prepare for the Ultimate Short rade of the Week.
EG
- #545
- Sep 6, 2007 4:45am Sep 6, 2007 4:45am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Hey EG,
What ever you don't look back! FX lessons everywhere!!
I just got the chance to open that pdf you sent after I removed some windows on my screen. pdf wont open probably due to lack of memory...
my my my...... that looks scary
. That makes me have second thoughts diving in open water again where sharks may be found.that monster could suck in those 2 when it opens its mouth.
.... just curious.... is it possible that that shark is actuallly a baby that just wants to be part of a group picture???
EG
- #548
- Sep 6, 2007 9:49am Sep 6, 2007 9:49am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
well......
now we know or are we just lucky?? we had an idea that price was gonna go up even before we got the news......
still optimistic on a profitable Bull run for the next few hours.
If we get to 234 or 234.82...... well that would be a nice gift.
from above, we can enter short trades again and see the bears try and attack 231.88 again..... this time to break that level.
current low reached 231.96 only and that was 15 minutes before I went out to have pizza and shop with my friends.
I left with my 2 trades still on the red. I come back and LO.... one was sitting comfortably with +PIPS and the other was slightly negative. Over all ..... is ok.
Keep getting Optimistic. I may exit anytime now any or all the trades when they are in both in Positive position. Then wait for a nice entry for my Next short trades.
Willprobably have a ladder entry again.
Happy Harvest Everyone.
Learn the EW Theory
EG
now we know or are we just lucky?? we had an idea that price was gonna go up even before we got the news......
still optimistic on a profitable Bull run for the next few hours.
If we get to 234 or 234.82...... well that would be a nice gift.
from above, we can enter short trades again and see the bears try and attack 231.88 again..... this time to break that level.
current low reached 231.96 only and that was 15 minutes before I went out to have pizza and shop with my friends.
I left with my 2 trades still on the red. I come back and LO.... one was sitting comfortably with +PIPS and the other was slightly negative. Over all ..... is ok.
Keep getting Optimistic. I may exit anytime now any or all the trades when they are in both in Positive position. Then wait for a nice entry for my Next short trades.
Willprobably have a ladder entry again.
Happy Harvest Everyone.
Learn the EW Theory
EG
- #551
- Sep 6, 2007 12:46pm Sep 6, 2007 12:46pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
GBPJPY
I have exited 2 long trades for a total nice profit and have also exited 2 short trades on an average profit.
Currently holding 2 Long trades from
233.10
233.45
both negative currently, but optimistic we will visit above 234.00
Well..... it has been a nice run with the Bulls and Bears today. Enjoying the view and the rides on these waves..
16% inc for the day is not that bad.
EG
I have exited 2 long trades for a total nice profit and have also exited 2 short trades on an average profit.
Currently holding 2 Long trades from
233.10
233.45
both negative currently, but optimistic we will visit above 234.00
Well..... it has been a nice run with the Bulls and Bears today. Enjoying the view and the rides on these waves..
16% inc for the day is not that bad.
EG
- #552
- Sep 6, 2007 12:48pm Sep 6, 2007 12:48pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
multiplatnum...
marketwavez has one of the best EW Counts on Cable too.
EG
marketwavez has one of the best EW Counts on Cable too.
EG
- #554
- Sep 6, 2007 5:23pm Sep 6, 2007 5:23pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
GBPJPY
Closed 1 of my longsfor a small profit. Good enough while I was sleeping. around 15pips.
Remaining 1 long I am waiting for a breakeven or at worse minimal loss wchich is less than the 20pip spread.
Anyway, have loaded some short trades at:
233.25
233.37
233.32
Waiting for new Entry "really nice" entry level for a final Short.
Ok Bears..... let's get ready.
233.60 highest on my chart. Channel could be top ay 233.72
EG
PS...
to be traded in DEMO only
Closed 1 of my longsfor a small profit. Good enough while I was sleeping. around 15pips.
Remaining 1 long I am waiting for a breakeven or at worse minimal loss wchich is less than the 20pip spread.
Anyway, have loaded some short trades at:
233.25
233.37
233.32
Waiting for new Entry "really nice" entry level for a final Short.
Ok Bears..... let's get ready.
233.60 highest on my chart. Channel could be top ay 233.72
EG
PS...
to be traded in DEMO only
- #555
- Sep 6, 2007 6:36pm Sep 6, 2007 6:36pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
well......
now we know or are we just lucky?? we had an idea that price was gonna go up even before we got the news......
still optimistic on a profitable Bull run for the next few hours.
If we get to 234 or 234.82...... well that would be a nice gift.
from above, we can enter short trades again and see the bears try and attack 231.88 again..... this time to break that level.
current low reached 231.96 only and that was 15 minutes before I went out to have pizza and shop with my friends.
I left with my 2 trades still on the red. I come back and LO.... one was sitting comfortably with +PIPS and the other was slightly negative. Over all ..... is ok.
Keep getting Optimistic. I may exit anytime now any or all the trades when they are in both in Positive position. Then wait for a nice entry for my Next short trades.
Willprobably have a ladder entry again.
Happy Harvest Everyone.
Learn the EW Theory
EG
Unfortunately for me, My IE froze and needed to restart before I could enter a new SHORT Trade. S_ _ _ happens..
When I got it up again... was abale to enter at 232.61. and Life goes on.....
More trades to come for us. 1st target wish was attained at 234 level. was even higher at 234.12 on my chart. But my IE failed me....
So holding all Short trades now:
233.25
233.37
233.32
233.61
Ok Bears..... fasten your seatbelts. Ride could still be bumpy as we may encounter some airpockets.
Although, a trendline was broken or poked so deep.... a pinbar could be seen formed and forming from 1m to 4hour charts.
so this could be a nice ride south.
i hope your demo accounts are clicking happily with those pips
I guess the more people hate EW counts in this thread, the more pips we get
.Our gain anyway.....
EG
PS.....
And we did not even have to know what the feds or the news would do.
Thanks marketwavez for driving that point deep into a home run.
- #556
- Sep 6, 2007 6:37pm Sep 6, 2007 6:37pm
Marketwavez,
Thank you for posting your Cable Charts here.
I was just wondering on your 1h and 4H charts, why is it that there are 12345 labels for the Wave B?
Or is that just the Leg A inside the Big B Wave?
EG
- #557
- Sep 6, 2007 6:45pm Sep 6, 2007 6:45pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
GBPJPY
ok. next stop is 232.10 again.
this will be the 24th time that price will try to pass thru the 232.10 level on the 15min chart.
what do you think? will that level just gape open this time and swallow the Bears?
There were approximately 5 significant lows on my 15 min chart that showed this attacks, so cold a 6th be successfull.
let our EW counts show us what this baby might do.
EG
ok. next stop is 232.10 again.
this will be the 24th time that price will try to pass thru the 232.10 level on the 15min chart.
what do you think? will that level just gape open this time and swallow the Bears?
There were approximately 5 significant lows on my 15 min chart that showed this attacks, so cold a 6th be successfull.
let our EW counts show us what this baby might do.
EG
- #558
- Sep 6, 2007 6:49pm Sep 6, 2007 6:49pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Instead of labelling 12345 why not just label as abcde. I think its more proper way. Only diagonal triangle in wave 5 and C should be label 12345.
Dear mrloba,
I think in the subsecquent chart that marketwavez posted, it showed that the Wave B I was wondering about which had a 12345 label showed that that was just the Leg A or sub wave a inside that Big B wave.
so it was correct to label it as 12345 as the 5 wave structure of a wave a.
Pls. correct me marketwavez if I am wrong in interpreting that.
EG
- #559
- Sep 6, 2007 7:05pm Sep 6, 2007 7:05pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
GBPJPY
Probable targets
229.34 Early TP
228.19 Midway
226.39 Max Potential
225.24 Very ambitious
ONLY FOR DEMO Purposes. Under Experiment/Testing
EG
Probable targets
229.34 Early TP
228.19 Midway
226.39 Max Potential
225.24 Very ambitious
ONLY FOR DEMO Purposes. Under Experiment/Testing
EG
