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Harmonic Wave Journal

  • #1,001
  • Sep 20, 2007 5:28am Sep 20, 2007 5:28am
Quoting Traex
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.
Hi Traex, I has been follow your trades, really great job done...
Could you tell me which others indicators (besides the harmonics waves) you are using in order to get those signals ?.

Thanks for your help.
Best regards Lucy q.
  • #1,002
  • Edited Sep 21, 2007 8:39am Sep 20, 2007 9:55am | Edited Sep 21, 2007 8:39am
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).
Update 3: Took 3rd profit at 2.0142 (+186). S/L tightened to 2.0137 (guarantees +181).
Tra-X
  • #1,003
  • Sep 20, 2007 11:00am Sep 20, 2007 11:00am
Opportunity #E40/07
EUR/USD Short
3 parts
Entry: 1.4098
Stop (initial): 1.4138

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

Opportunity #J7/07
USD/JPY Long
3 parts
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).
Tra-X
  • #1,004
  • Edited 12:02pm Sep 20, 2007 11:07am | Edited 12:02pm
Opportunity #J7/07
USD/JPY Long
3 parts
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).

Update 1: S/L tightened to 113.97 (guarantees -5). Took 1st profit at 114.48 (+46).
Tra-X
  • #1,005
  • Sep 20, 2007 11:21am Sep 20, 2007 11:21am
Quoting pedaso07
Hi Traex, I has been follow your trades, really great job done...
Could you tell me which others indicators (besides the harmonics waves) you are using in order to get those signals ?.

Thanks for your help.
Best regards Lucy q.
Hi pedaso07, thanks and welcome.
Currently I'm just using waves and fibos (and some trendlines). I have alternative setting using bollinger bands but seldom use it.
Tra-X
  • #1,006
  • Sep 20, 2007 11:29am Sep 20, 2007 11:29am
Quoting Traex
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.
Dunno, my projections have some scary figures, so until PA shows a reversal, I am NOT selling EURUSD....

I'm sorry, I ruined your last long term short, too, didn't I

I best shut up and hide again ;p
Trust price. Know yourself.
  • #1,007
  • Sep 20, 2007 1:17pm Sep 20, 2007 1:17pm
Opportunity #E40/07
EUR/USD Short
3 parts
Entry: 1.4098
Stop (initial): 1.4138

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

Update 1: S/L tightened to 1.4101 (guarantees -3). Set TP1 at 1.4062 for +36.
Tra-X
  • #1,008
  • Sep 20, 2007 1:30pm Sep 20, 2007 1:30pm
Opportunity #J7/07
USD/JPY Long
3 parts
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).

Update 1: S/L tightened to 113.97 (guarantees -5). Took 1st profit at 114.48 (+46).
Update 2: Set TP2 at 114.94 for +92.
Tra-X
  • #1,009
  • Sep 20, 2007 1:56pm Sep 20, 2007 1:56pm
Quoting SeekingLight
Dunno, my projections have some scary figures, so until PA shows a reversal, I am NOT selling EURUSD....

I'm sorry, I ruined your last long term short, too, didn't I

I best shut up and hide again ;p
What's your next price projection? My 1.618 FE has been hit (1.618 FE of wave 1 to 3, 1.3359 - 1.3683) at 1.4076. Beyond that I'm really blur.
Tra-X
  • #1,010
  • Sep 20, 2007 3:05pm Sep 20, 2007 3:05pm
Quoting Traex
What's your next price projection? My 1.618 FE has been hit (1.618 FE of wave 1 to 3, 1.3359 - 1.3683) at 1.4076. Beyond that I'm really blur.
I'm no good at these since I don't really know what's what with all this fractal stuff...5's become 1s and whatnot

And what I thought was the end of a 3 is the end of a 3.3 or something or...ach, I don't know.

Here are some projections, count is messy. Keeping in mind - all those FEs are for 1-2-3, so there's always the risk of a 4 and 5 missing after they're hit..I try to get wave 5 targets by using 138.2 and 161.8% and 261.8% of the range of 4 and / or by using multiples of wave 1.

1.4130-60 would be my next s/r cluster on my chart from historic charts as well as FEs.

In this current market I'd rather wait for a big reversal bar though, it seems like it's hell bent on just selling USD, selling USD...

I've hit both trendline tops, exceeded wedge tops and whatnot for EURUSD. We are stretched VERY thin right now - unless you take a very wide channel as basis, then it's not and has room for another 3-700 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_200907_fes.gif Size: 16 KB
Trust price. Know yourself.
  • #1,011
  • Sep 21, 2007 2:12am Sep 21, 2007 2:12am
Opportunity #E40/07
EUR/USD Short
3 parts
Entry: 1.4098
Stop (initial): 1.4138

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

Update 1: S/L tightened to 1.4101 (guarantees -3). Set TP1 at 1.4062 for +36.
Update 2: TP1 was hit (+36) and then stopped out for -6, then bounced back down again... Missed the top!

Total gain: +30
Tra-X
  • #1,012
  • Edited 4:04am Sep 21, 2007 2:13am | Edited 4:04am
Opportunity #J7/07
USD/JPY Long
3 parts
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).

Update 1: S/L tightened to 113.97 (guarantees -5). Took 1st profit at 114.48 (+46).
Update 2: Set TP2 at 114.94 for +92.
Update 3: TP2 was hit (+92). S/L tightened to 114.61 (guarantees +59).
Tra-X
  • #1,013
  • Sep 21, 2007 2:24am Sep 21, 2007 2:24am
Quoting SeekingLight
I've hit both trendline tops, exceeded wedge tops and whatnot for EURUSD. We are stretched VERY thin right now - unless you take a very wide channel as basis, then it's not and has room for another 3-700 pips.
Thanks for the chart, SeekingLight. Alright now you made me scared. But nvm, it's stop-loss or take-profit baby! The upper trendline has been broken but could be just a throw-over/fake break. So let's see.
Tra-X
  • #1,014
  • Sep 21, 2007 4:03am Sep 21, 2007 4:03am
Quoting Traex
Thanks for the chart, SeekingLight. Alright now you made me scared. But nvm, it's stop-loss or take-profit baby! The upper trendline has been broken but could be just a throw-over/fake break. So let's see.
Yea. Well if it helps, the FE 161.8 on the USDX was reached here, right on that last EURUSD blip up, so 1.4120 might have put in the last blip before a corrective wave sets in..

Funnily enough - cable is rising now and EURGBP dropping

Crayyyyyyyyzay market.
Trust price. Know yourself.
  • #1,015
  • Sep 21, 2007 5:23am Sep 21, 2007 5:23am
Opportunity #J7/07
USD/JPY Long
3 parts
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).

Update 1: S/L tightened to 113.97 (guarantees -5). Took 1st profit at 114.48 (+46).
Update 2: Set TP2 at 114.94 for +92.
Update 3: TP2 was hit (+92). S/L tightened to 114.61 (guarantees +59).
Update 4: Took last profit at 115.65 (+163). Trade is closed.

Total gain: +301
Tra-X
  • #1,016
  • Sep 21, 2007 5:53am Sep 21, 2007 5:53am
Quoting Traex
Opportunity #J7/07
USD/JPY Long
Entry: 114.02
Stop (initial): 113.62

End of mini wave C of 2 (?).

Update 4: Took last profit at 115.65 (+163). Trade is closed.

Total gain: +301

Nice

Right at the big boy nr, too

But I'm curious..if it was the end of 2, wouldn't 3 go a loooooooooooot higher than 115.65? Above 116.40 even?
Trust price. Know yourself.
  • #1,017
  • Sep 21, 2007 8:52am Sep 21, 2007 8:52am
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).
Update 3: Took 3rd profit at 2.0142 (+186). S/L tightened to 2.0137 (guarantees +181).
Update 4: Took last profit at 2.0194 (+238). Trade is closed.

Total gain: +595
Tra-X
  • #1,018
  • Sep 21, 2007 9:01am Sep 21, 2007 9:01am
Quoting SeekingLight
Nice

Right at the big boy nr, too

But I'm curious..if it was the end of 2, wouldn't 3 go a loooooooooooot higher than 115.65? Above 116.40 even?
Yeah I'm counting it's only subwave 1 of wave 3 now. Let's see first.
Tra-X
  • #1,019
  • Sep 21, 2007 10:50am Sep 21, 2007 10:50am
Quoting Traex
Yeah I'm counting it's only subwave 1 of wave 3 now. Let's see first.

Mh...well, I still think 118 needs a visit if any of these wave projections are okay..

But that'd put us back up above the weekly TL...tricky...well, I'm still in a GJ long, not in a rush to leave it...stop is b/e...so np.

I'm expecting a last EURUSD push to 1.4130-60 still...should happen in the last minutes today...or early Sunday/Monday...or I miscounted.

Curious to see what GBPUSD will do...will it make a 3 up or not(that's my preferred current wave after finishing 1 up to 2.0368, 2 down to 1.9880)...would be fun
Trust price. Know yourself.
  • #1,020
  • Sep 22, 2007 9:17am Sep 22, 2007 9:17am
Last week's review (forgot to post):

Total trades closed = 3, winners = 2, loser = 1
Total gain in winners = 1025, total loss in loser = 93
Net gain last week = +932

This week's review:

Total trades closed = 6, winners = 5, loser = 1
Total gain in winners = 1621, total loss in loser = 61
Net gain this week = +1560

Medium-longterm trade: EUR/USD Short from 1.4053 with S/L at 1.4203, currently at around -40 now.

Weekly pairs recap will be updated tomorrow together with wave charts.

Enjoy your weekend everyone.
Tra-X
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