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Harmonic Wave Journal

  • #981
  • Sep 19, 2007 6:14am Sep 19, 2007 6:14am
Quoting Vantage
Oh yes forgot to mention, for what its worth, the next GBPUSD support level I have is 1.9977.
It's around your support now, good one. All the best to your trades too.
Tra-X
  • #982
  • Sep 19, 2007 7:45am Sep 19, 2007 7:45am
Quoting Traex
Hey Vantage,
GBP/JPY still has unclear medium-term count now for me. But I prefer that yesterday's rally was a wave 1 of bigger wave 3 (or C) up. So current downwave is only a retracement, and rally would resume again. My bet.

So either UJ or GU need to be doing something similiar

Good, I'm trying to be long on both!

Not that GBP is any help..
Trust price. Know yourself.
  • #983
  • Sep 19, 2007 9:25am Sep 19, 2007 9:25am
Opportunity #G43/07 (re-entry)
GBP/USD Short
4 parts
Entry: 2.0170
Stop (initial): 2.0220

End of subwave B of wave 2 (?).

Update 1: S/L tightened to 2.0149 (guarantees -6). Set TP1 to 2.0101 for +42.
Update 2: Made the trade at campus so couldn't update here. Stopped out for -18. Re-entry at 2.0170, currently TP1 already taken at 2.0128 for +42, S/L tightened to 2.0176 (guarantees -6).
Update 3: Took 2nd profit at 2.0083 (+87). S/L tightened to 2.0170 (guarantees breakeven).
Update 4: Took 3rd profit at 2.0027 (+143). S/L tightened to 2.0142 (guarantees +28).
Update 5: Took last profit at 1.9956 (+214). Trade is closed and reversed.

Total gain: +468

Opportunity #G44/07
GBP/USD Long
4 parts
Entry: 1.9956
Stop (initial): 1.9906

End of mini wave B of B, or subwave C of 2 (?).
Tra-X
  • #984
  • Sep 19, 2007 9:51am Sep 19, 2007 9:51am
Quoting Traex
Opportunity #G43/07 (re-entry)
GBP/USD Short
4 parts
Entry: 2.0170
Stop (initial): 2.0220

End of subwave B of wave 2 (?).

Update 5: Took last profit at 1.9956 (+214). Trade is closed and reversed.

Total gain: +468

Opportunity #G44/07
GBP/USD Long
4 parts
Entry: 1.9956
Stop (initial): 1.9906

End of mini wave B of B, or subwave C of 2 (?).


Now that was just awesome
Trust price. Know yourself.
  • #985
  • Edited 12:52pm Sep 19, 2007 9:53am | Edited 12:52pm
Opportunity #G44/07
GBP/USD Long
4 parts
Entry: 1.9956
Stop (initial): 1.9906

End of mini wave B of B, or subwave C of 2 (?).

Update 1: S/L tightened to 1.9971 (guarantees +15). Took 1st profit at 2.0000 (+44).
Tra-X
  • #986
  • Sep 19, 2007 10:16am Sep 19, 2007 10:16am
Opportunity #E39/07
EUR/USD Long
3 parts
Entry: 1.3943
Stop (initial): 1.3903

End of mini wave 4 of 5 of 5 (?).
Tra-X
  • #987
  • Sep 19, 2007 10:24am Sep 19, 2007 10:24am
Quoting Traex
Opportunity #E39/07
EUR/USD Long
3 parts
Entry: 1.3943
Stop (initial): 1.3903

End of mini wave 4 of 5 of 5 (?).
Won't be much more of a last push then, will it?

A nudge above 1.4?
Trust price. Know yourself.
  • #988
  • Sep 19, 2007 11:08am Sep 19, 2007 11:08am
Quoting SeekingLight
Won't be much more of a last push then, will it?

A nudge above 1.4?
Well now both EUR/USD and Cable look weak, this is not too good.
But yeah a touch of 1.4 would be very nice already.
Tra-X
  • #989
  • Sep 19, 2007 11:54am Sep 19, 2007 11:54am
Quoting Traex
Well now both EUR/USD and Cable look weak, this is not too good.
But yeah a touch of 1.4 would be very nice already.

Well, I think this is possibly the EURUSD's last huzzah, either before a bigger correction or before THE top for quite a while...the more people post the demise of the USD and the more it's talked about, the less certain it appears to me

But then there's the issue of cable still having to rise...so maybe there's more left than one would think?

Dilemma, dilemma
Trust price. Know yourself.
  • #990
  • Edited 2:03pm Sep 19, 2007 12:05pm | Edited 2:03pm
Opportunity #E39/07
EUR/USD Long
3 parts
Entry: 1.3943
Stop (initial): 1.3903

End of mini wave 4 of 5 of 5 (?).

Update 1: S/L tightened to 1.3935 (guarantees -8). Set TP1 at 1.3978 for +35.
Tra-X
  • #991
  • Sep 20, 2007 1:03am Sep 20, 2007 1:03am
Quoting Traex
Well now both EUR/USD and Cable look weak, this is not too good.
But yeah a touch of 1.4 would be very nice already.
After a 280 odd pip move up on 18th cable not following through doesn't exactly inspire confidence. At least you are in profit though and that 1.9977 area pretty much just holding. So you have a freebie trade from here.

Well done yet again!!
  • #992
  • Sep 20, 2007 1:40am Sep 20, 2007 1:40am
Opportunity #E39/07
EUR/USD Long
3 parts
Entry: 1.3943
Stop (initial): 1.3903

End of mini wave 4 of 5 of 5 (?).

Update 1: S/L tightened to 1.3935 (guarantees -8). Set TP1 at 1.3978 for +35.
Update 2: TP1 was hit (+35). Took 2nd profit at 1.4015 (+72). S/L tightened to 1.3977 (guarantees +24). Finally hit psychological 1.4000!
Tra-X
  • #993
  • Sep 20, 2007 1:44am Sep 20, 2007 1:44am
Quoting Vantage
After a 280 odd pip move up on 18th cable not following through doesn't exactly inspire confidence. At least you are in profit though and that 1.9977 area pretty much just holding. So you have a freebie trade from here.

Well done yet again!!
Thanks, Vantage, I know you're doing well too. This Cable is quite in trouble as EUR/GBP keeps going up, maybe will hit 0.7000 and many stops above it. 2.0050 is still the strong resistance now.

Updated: Alright, looks like 0.7000 was hit while I was posting.
Tra-X
  • #994
  • Edited 9:38am Sep 20, 2007 2:26am | Edited 9:38am
Opportunity #G44/07
GBP/USD Long
4 parts
Entry: 1.9956
Stop (initial): 1.9906

End of mini wave B of B, or subwave C of 2 (?).

Update 1: S/L tightened to 1.9971 (guarantees +15). Took 1st profit at 2.0000 (+44).
Update 2: Took 2nd profit at 2.0083 (+127). S/L tightened to 2.0034 (guarantees +78).
Tra-X
  • #995
  • Sep 20, 2007 2:26am Sep 20, 2007 2:26am
Hi Traex,
just wanted to say Im so impressed with your trading, you are really a machine! Great work, take care, Raz
Never say never.
  • #996
  • Sep 20, 2007 2:28am Sep 20, 2007 2:28am
Opportunity #E39/07
EUR/USD Long
3 parts
Entry: 1.3943
Stop (initial): 1.3903

End of mini wave 4 of 5 of 5 (?).

Update 1: S/L tightened to 1.3935 (guarantees -8). Set TP1 at 1.3978 for +35.
Update 2: TP1 was hit (+35). Took 2nd profit at 1.4015 (+72). S/L tightened to 1.3977 (guarantees +24). Finally hit psychological 1.4000!
Update 3: Took last profit at 1.4063 (+120). Trade is closed.

Total gain: +227
Tra-X
  • #997
  • Sep 20, 2007 2:43am Sep 20, 2007 2:43am
Quoting razldazl
Hi Traex,
just wanted to say Im so impressed with your trading, you are really a machine! Great work, take care, Raz
Hi thanks razldazl, still learning here, all the best to your trades too.
Tra-X
  • #998
  • Sep 20, 2007 3:02am Sep 20, 2007 3:02am
Opportunity #E39/07
EUR/USD Short
2 parts
Entry: 1.4053
Stop (initial): 1.4203

Medium-longterm trade. End of ending diagonal big wave 5 of 5 (?).
Tra-X
  • #999
  • Sep 20, 2007 3:12am Sep 20, 2007 3:12am
Quoting Traex
Opportunity #E39/07
EUR/USD Short
2 parts
Entry: 1.4053
Stop (initial): 1.4203

Medium-longterm trade. End of ending diagonal big wave 5 of 5 (?).


And I was just thinking "hmmmmm USDCHF looks like it has another 200 pips left".....doh!

Well done on the EURUSD long!

I've already begune to eat my words, mentioning a top being nearby all over the factory ;D

But I've been long over night as well, just shouldn't have set my limits so darn low for the most part...who would have thought!

I need to wake up earlier
Trust price. Know yourself.
  • #1,000
  • Sep 20, 2007 5:05am Sep 20, 2007 5:05am
Quoting SeekingLight
I need to wake up earlier
Thanks man, well done to you too.
Ehemm, well, that EUR/USD short trade was too tempting, got the signal. What to do, what to do.
Tra-X
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