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Harmonic Wave Journal

  • #901
  • Sep 6, 2007 7:27am Sep 6, 2007 7:27am
Quoting Traex
Update 8: Stopped out for +137.

Total gain: +290

Mean, wasn't it? ;p

Perhaps the 5.3.2 in progress now?


Let's see. If there's a clear long setup I might take it...
Trust price. Know yourself.
  • #902
  • Sep 6, 2007 11:34am Sep 6, 2007 11:34am
Quoting SeekingLight
Mean, wasn't it? ;p

Perhaps the 5.3.2 in progress now?


Let's see. If there's a clear long setup I might take it...


Or maybe it was a 4. Either way, took the long at 2.0160 back up, didn't dare take 2.0150 directly.

Got a question about EURUSD, wondering whether this count is okay for an ending diagonal or what it's called:

Would cap us at around 1.3970ish this month I think? So no 1.4?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_060907_wave_outlook.gif Size: 21 KB
Trust price. Know yourself.
  • #903
  • Sep 7, 2007 2:26am Sep 7, 2007 2:26am
Opportunity #G40/07
GBP/USD Long
3 parts
Entry: 2.0165
Stop (initial): 2.0115

End of mini wave 2 of 5 (?).
Tra-X
  • #904
  • Sep 7, 2007 2:33am Sep 7, 2007 2:33am
Quoting SeekingLight
Or maybe it was a 4. Either way, took the long at 2.0160 back up, didn't dare take 2.0150 directly.

Got a question about EURUSD, wondering whether this count is okay for an ending diagonal or what it's called:

Would cap us at around 1.3970ish this month I think? So no 1.4?
Nice entry there, SeekingLight. So there we put our bet again, but this time there's NFP tonight (my time). Hope all goes well.
EUR/USD might blow the trendline top first before bouncing down, so 1.4 is still on the cards imo.
Tra-X
  • #905
  • Sep 7, 2007 3:17am Sep 7, 2007 3:17am
Quoting Traex
Opportunity #G40/07
GBP/USD Long
3 parts
Entry: 2.0165
Stop (initial): 2.0115

End of mini wave 2 of 5 (?).
Check this out:

Isn't this 1:1 the same wave pattern? Marked them with the vertical lines.


Then your entry is SPOT ON and 2.04 the target.
Attached Image (click to enlarge)
Click to Enlarge Name: comparison_060907.gif Size: 59 KB
Trust price. Know yourself.
  • #906
  • Sep 7, 2007 3:33am Sep 7, 2007 3:33am
Opportunity #G40/07
GBP/USD Long
3 parts
Entry: 2.0165
Stop (initial): 2.0115

End of mini wave 2 of 5 (?).

Update 1: S/L tightened to 2.0160 (guarantees -5).
Tra-X
  • #907
  • Sep 7, 2007 3:53am Sep 7, 2007 3:53am
Quoting SeekingLight
Check this out:

Isn't this 1:1 the same wave pattern? Marked them with the vertical lines.


Then your entry is SPOT ON and 2.04 the target.
Good observation once again, SeekingLight. Thanks for the chart, patterns do repeat but let's see this one.
Tra-X
  • #908
  • Sep 7, 2007 4:26am Sep 7, 2007 4:26am
Excellent work, keep it up bro
Trade what you see, not what you think.
  • #909
  • Sep 7, 2007 4:42am Sep 7, 2007 4:42am
Quoting Traex
Good observation once again, SeekingLight. Thanks for the chart, patterns do repeat but let's see this one.
Yea. Well I'm keeping my fingers crossed for us here

Especially that there won't need to be another last dip down to 2.0140 before the takeoff

Let's see
Trust price. Know yourself.
  • #910
  • Sep 7, 2007 5:03am Sep 7, 2007 5:03am
Opportunity #G40/07
GBP/USD Long
3 parts
Entry: 2.0165
Stop (initial): 2.0115

End of mini wave 2 of 5 (?).

Update 1: S/L tightened to 2.0160 (guarantees -5).
Update 2: Took 1st profit at 2.0218 (+53).
Tra-X
  • #911
  • Sep 7, 2007 7:15am Sep 7, 2007 7:15am
Quoting karmostaji
Excellent work, keep it up bro
Hey Karmostaji, thanks. You're doing very well too in your journal.

NFP is out in 15 minutes. Good luck to everyone.
Tra-X
  • #912
  • Edited 7:56am Sep 7, 2007 7:36am | Edited 7:56am
Opportunity #G40/07
GBP/USD Long
3 parts
Entry: 2.0165
Stop (initial): 2.0115

End of mini wave 2 of 5 (?).

Update 1: S/L tightened to 2.0160 (guarantees -5).
Update 2: Took 1st profit at 2.0218 (+53).
Update 3: Took 2nd profit at 2.0295 (+130). S/L tightened to 2.0207 (guarantees +42).
Tra-X
  • #913
  • Sep 7, 2007 8:51am Sep 7, 2007 8:51am
Opportunity #J5/07
USD/JPY Long
3 parts
Entry: 113.74
Stop (initial): 113.34

End of subwave C of 2 (?).
Tra-X
  • #914
  • Sep 7, 2007 8:59am Sep 7, 2007 8:59am
Quoting Traex

Update 1: S/L tightened to 2.0160 (guarantees -5).
Update 2: Took 1st profit at 2.0218 (+53).
Update 3: Took 2nd profit at 2.0295 (+130). S/L tightened to 2.0207 (guarantees +42).

Isn't it "funny" how the real world works to fit in with our elliot waves?

They even made a bad NFP, just for us!

You still get the most amazing entries, mine was 2.0188...I need confirmaaaaaaaaation


Well done, great start to this month!
Trust price. Know yourself.
  • #915
  • Sep 7, 2007 9:13am Sep 7, 2007 9:13am
Friend (T-x), i sometimes wonder if you're a part time student cum full time trader being the other way around. You must really enjoy this hobby. Time to tp on U/J TP1. Happy counting.
Still waters run deep
  • #916
  • Edited 9:56am Sep 7, 2007 9:52am | Edited 9:56am
Opportunity #J5/07 (re-entry)
USD/JPY Long
3 parts
Entry: 113.39
Stop (initial): 112.99

End of subwave C of 2 (?).

Update 1: Out at 113.64 for -30. Will re-entry again if possible.
Update 2: Alright, re-entried at 113.39, initial stop at 112.99. Let's see this time.
Tra-X
  • #917
  • Sep 7, 2007 10:56am Sep 7, 2007 10:56am
Opportunity #J5/07 (re-entry)
USD/JPY Long
3 parts
Entry: 113.39
Stop (initial): 112.99

End of subwave C of 2 (?).

Update 1: Out at 113.64 for -30. Will re-entry again if possible.
Update 2: Alright, re-entried at 113.39, initial stop at 112.99. Let's see this time.
Update 3: S/L tightened to 113.12 (guarantees -27). Whew, risk aversion again today.
Tra-X
  • #918
  • Sep 7, 2007 1:44pm Sep 7, 2007 1:44pm
Opportunity #J5/07 (re-entry)
USD/JPY Long
3 parts
Entry: 113.39
Stop (initial): 112.99

End of subwave C of 2 (?).

Update 1: Out at 113.64 for -30. Will re-entry again if possible.
Update 2: Alright, re-entried at 113.39, initial stop at 112.99. Let's see this time.
Update 3: S/L tightened to 113.12 (guarantees -27). Whew, risk aversion again today.
Update 4: Out at 113.44 for +15. Pattern still shows bearish.

Total gain: -15
Tra-X
  • #919
  • Sep 9, 2007 7:00am Sep 9, 2007 7:00am
Weekly review and recap:

Total trades closed = 2, Winner = 1, Loser = 1
Total gain in winner = 290, Total loss in loser = 15
Net gain this week = +275

Open short-term trades: GBP/USD Long from 2.0165 with S/L currently at 2.0207.

Cable continued its upwards wave (prolly final big wave 5 up) and final target at 2.08-2.09 is still on the cards, although friday NFP's impulse wave up wasn't as strong as expected. After 2.0300 area, 2.0400-460 area becomes next strong resistant.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 30m small.gif Size: 18 KB
Tra-X
  • #920
  • Sep 9, 2007 7:07am Sep 9, 2007 7:07am
EUR/USD is nearing its previous top at 1.3850 area in impulse wave (red) 5 up. If Cable was to go to 2.08, then EUR/USD would probably reach over 1.4000. Next upside targets are still 1.3800-850, 1.3920, then 1.4000 area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1 small.gif Size: 14 KB
Tra-X
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