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Harmonic Wave Journal

  • #921
  • Sep 9, 2007 7:24am Sep 9, 2007 7:24am
GBP/JPY looks to be forming subwave (orange) C down atm. This is either a part of wave (red) 2 or wave B down, not clear yet. Next downside targets are 227s and 225s area.

Good luck to everyone next week.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h part 1.gif Size: 17 KB
Tra-X
  • #922
  • Sep 9, 2007 4:46pm Sep 9, 2007 4:46pm
Opportunity #GJ6/07
GBP/JPY Long
3 parts
Entry: 228.80
Stop (initial): 228.00

End of mini wave 3 of C or subwave C (?).

Set TP1 at 229.60 for +80. S/L will move to 228.70 once TP1 is hit.
Tra-X
  • #923
  • Sep 9, 2007 6:04pm Sep 9, 2007 6:04pm
Quoting Traex
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.
Orange 3 may not be violated by orange 5, right?

Boy, do I love your count then

Good luck on the GJ gap trade, you should be fine!

The yens might surprise all bears after all!

Off to bed here, hoping for a nice retrace in red 4 of EURUSD for that final 5 up
Trust price. Know yourself.
  • #924
  • Sep 10, 2007 4:19am Sep 10, 2007 4:19am
Opportunity #GJ6/07
GBP/JPY Long
3 parts
Entry: 228.80
Stop (initial): 228.00

End of mini wave 3 of C or subwave C (?).

Set TP1 at 229.60 for +80. S/L will move to 228.70 once TP1 is hit.

Update 1: TP1 was hit (+80). Took 2nd profit at 231.02 (+222). S/L tightened to 228.80 (guarantees breakeven).
Tra-X
  • #925
  • Sep 10, 2007 4:33am Sep 10, 2007 4:33am
Quoting SeekingLight
Orange 3 may not be violated by orange 5, right?

Boy, do I love your count then

Good luck on the GJ gap trade, you should be fine!

The yens might surprise all bears after all!

Off to bed here, hoping for a nice retrace in red 4 of EURUSD for that final 5 up
Thanks man.
Looks like GBP/JPY has started its move... let's see how it goes.

Yeah, this EUR/USD might form another extension in its subwave 5 up, might become very long. Let's just follow it if it happens.
Tra-X
  • #926
  • Sep 10, 2007 7:47am Sep 10, 2007 7:47am
Quoting Traex
Thanks man.
Looks like GBP/JPY has started its move... let's see how it goes.
IMHO it is now making a delayed pattern similiar to the GBPUSD...if so, whoa nelly, them pippers be coming

Quote
Yeah, this EUR/USD might form another extension in its subwave 5 up, might become very long. Let's just follow it if it happens.
Sure wouldn't mind that

Still long there as well as in GBPUSD
Trust price. Know yourself.
  • #927
  • Edited 1:11pm Sep 11, 2007 7:35am | Edited 1:11pm
Opportunity #GJ6/07
GBP/JPY Long
3 parts
Entry: 228.80
Stop (initial): 228.00

End of mini wave 3 of C or subwave C (?).

Set TP1 at 229.60 for +80. S/L will move to 228.70 once TP1 is hit.

Update 1: TP1 was hit (+80). Took 2nd profit at 231.02 (+222). S/L tightened to 228.80 (guarantees breakeven).
Update 2: S/L tightened to 229.68 (guarantees +88). Set TP3 at 233.00 for +420.
Tra-X
  • #928
  • Edited Sep 12, 2007 2:44am Sep 11, 2007 7:36am | Edited Sep 12, 2007 2:44am
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).
Update 4: S/L tightened to 2.0285 (guarantees +120).
Tra-X
  • #929
  • Sep 11, 2007 8:07am Sep 11, 2007 8:07am
Quoting Traex
Update 3: Took 2nd profit at 2.0295 (+130). S/L tightened to 2.0207 (guarantees +42).
Update 4: S/L tightened to 2.0241 (guarantees +76).
Nice, nice..
I see you survived the wavering about better than me, had to re-enter

Still waiting for 2.04.....jerky market...
Trust price. Know yourself.
  • #930
  • Sep 11, 2007 1:13pm Sep 11, 2007 1:13pm
Quoting SeekingLight
Nice, nice..
I see you survived the wavering about better than me, had to re-enter

Still waiting for 2.04.....jerky market...
Nice re-entry there. What another sideway day...
Tra-X
  • #931
  • Sep 11, 2007 1:49pm Sep 11, 2007 1:49pm
Quoting Traex
Nice re-entry there. What another sideway day...
It was crappy. Small entry at 2.0255, closed at/above 2.03.
Last one remaining now is the highest one at 2.0281 with stop at the entry.

Cable just needs to go or blow as it's already retraced 50% of the last swing...

Waiting for / wondering about a pullback on EURUSD..even a small one...still in it but distrustful.

Market's found it's love for carry again..
Trust price. Know yourself.
  • #932
  • Sep 13, 2007 4:21am Sep 13, 2007 4:21am
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).
Update 4: S/L tightened to 2.0285 (guarantees +120).
Update 5: Finally stopped out for +120.

Total gain: +303
Tra-X
  • #933
  • Sep 13, 2007 7:54am Sep 13, 2007 7:54am
Opportunity #GJ6/07
GBP/JPY Long
3 parts
Entry: 228.80
Stop (initial): 228.00

End of mini wave 3 of C or subwave C (?).

Set TP1 at 229.60 for +80. S/L will move to 228.70 once TP1 is hit.

Update 1: TP1 was hit (+80). Took 2nd profit at 231.02 (+222). S/L tightened to 228.80 (guarantees breakeven).
Update 2: S/L tightened to 229.68 (guarantees +88). Set TP3 at 233.00 for +420.
Update 3: TP3 was hit for +420. Trade is closed.

Total gain: +722
Tra-X
  • #934
  • Sep 13, 2007 9:29am Sep 13, 2007 9:29am
Quoting Traex
Opportunity #GJ6/07
GBP/JPY Long
Entry: 228.80
Stop (initial): 228.00

End of mini wave 3 of C or subwave C (?).

Update 3: TP3 was hit for +420. Trade is closed.

Total gain: +722

Now THAT's what I call disciplined trading and trading your plan.

Excellent job man! I closed mine out far too early, got in again at 231.xx and have already taken half off at 233.50-80

But I am highly curious whether this will hit 235 and 235.70...(some projections of mine)...also wonder whether cable will finally wake up again...amazed you didn't buy 2.0235 there

LOL....great job again, as every week =)
Trust price. Know yourself.
  • #935
  • Sep 14, 2007 3:01am Sep 14, 2007 3:01am
Opportunity #G41/07
GBP/USD Long
3 parts
Entry: 2.0158
Stop (initial): 2.0108

End of mini wave 5 of C or 1 (?).
Tra-X
  • #936
  • Sep 14, 2007 3:05am Sep 14, 2007 3:05am
After a stunning week's trades good luck for this one, cheers.
  • #937
  • Sep 14, 2007 4:17am Sep 14, 2007 4:17am
Quoting Traex
Opportunity #G41/07
GBP/USD Long
3 parts
Entry: 2.0158
Stop (initial): 2.0108

End of mini wave 5 of C or 1 (?).


Well it's either here or 2.0130. .618 + TL / channel low should mean it's a go or blow

Nice entry and for once I can see WHY you entered..rare enough lol!
Trust price. Know yourself.
  • #938
  • Sep 14, 2007 4:44am Sep 14, 2007 4:44am
Opportunity #G41/07
GBP/USD Long
3 parts
Entry: 2.0158
Stop (initial): 2.0108

End of mini wave 5 of C or 1 (?).

Update 1: S/L tightened to 2.0152 (guarantees -6). There's possibility that it'll go down again.
Tra-X
  • #939
  • Sep 14, 2007 4:48am Sep 14, 2007 4:48am
Quoting Vantage
After a stunning week's trades good luck for this one, cheers.
Hey thanks, Vantage. All the best to your trades too.

Quoting SeekingLight
Well it's either here or 2.0130. .618 + TL / channel low should mean it's a go or blow

Nice entry and for once I can see WHY you entered..rare enough lol!
Thanks, SeekingLight. It hit a trendline in my chart.. but unfortunately there are few other trendlines nearby so I don't know. Thanks for your sup lvl at 0130.
Tra-X
  • #940
  • Sep 14, 2007 5:20am Sep 14, 2007 5:20am
Quoting Traex
Opportunity #G41/07
GBP/USD Long
3 parts
Entry: 2.0158
Stop (initial): 2.0108

End of mini wave 5 of C or 1 (?).

Update 1: S/L tightened to 2.0152 (guarantees -6). There's possibility that it'll go down again.


Here, I've got a new count - currently in 2 down after big 1 is done, either in an ABC or 5 count. Alternative would be this complete wave up being a giant B for an even larger C down coming, but that'd suck it can't be.

Current attempted count:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_130907_bigcount.gif Size: 33 KB
Trust price. Know yourself.
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