a mighty monster Traex, very cool! Raz
Never say never.
- #1,061
- Sep 28, 2007 8:14am Sep 28, 2007 8:14am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #1,063
- Sep 28, 2007 8:50am Sep 28, 2007 8:50am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
What more could one add 
Well done =)
Now I just feel sad and alone still being in without you
And I thought you wanted to dream of 2.08 along with me!
Well done =)
Now I just feel sad and alone still being in without you
And I thought you wanted to dream of 2.08 along with me!
Trust price. Know yourself.
- #1,064
- Sep 28, 2007 9:01am Sep 28, 2007 9:01am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #1,065
- Sep 28, 2007 9:08am Sep 28, 2007 9:08am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Looks like fantasyland today, huh...but what if this becomes real by 2010? 2015?
This would be the *gulp* alternative
This would be the *gulp* alternative
Trust price. Know yourself.
- #1,066
- Sep 28, 2007 1:06pm Sep 28, 2007 1:06pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Thanks razldazl, Vantage, and SeekingLight. 
However I should've entered 4 parts in that Cable long rather than 3!
This thing keeps creeping up slowly but sure even after London closed, whew.
EUR/USD now looks really scary, with its rally speed picking up again at extremely overbought level until daily chart. Well, it's breakout in weekly chart, free flight for this champion now.
Congratz on the pips, SeekingLight.
With this we together close the month of September. Enjoy your weekend everyone.
However I should've entered 4 parts in that Cable long rather than 3!
This thing keeps creeping up slowly but sure even after London closed, whew.EUR/USD now looks really scary, with its rally speed picking up again at extremely overbought level until daily chart. Well, it's breakout in weekly chart, free flight for this champion now.
Congratz on the pips, SeekingLight.
With this we together close the month of September. Enjoy your weekend everyone.
Tra-X
- #1,067
- Sep 28, 2007 1:44pm Sep 28, 2007 1:44pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
However I should've entered 4 parts in that Cable long rather than 3!
EUR/USD now looks really scary, with its rally speed picking up again at extremely overbought level until daily chart. Well, it's breakout in weekly chart, free flight for this champion now.
Congratz on the pips, SeekingLight.
With this we together close the month of September. Enjoy your weekend everyone.
No doubt about it - EURUSD has everyone gasping. GPBUSD went to 2.046 quicker than I thought! I still want my new high there...2.0675 would be nice to begin with...
What a month.
You have a great weekend as well!
Take care,
SeekingLight
Trust price. Know yourself.
- #1,068
- Sep 29, 2007 2:30am Sep 29, 2007 2:30am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
- #1,070
- Sep 29, 2007 5:59am Sep 29, 2007 5:59am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Medium-long term trade: EUR/USD Short at 1.4053 was stopped out for -150 x2 (-4% capital, dang!).
I'm sorry Traex, I did this last time, too, didn't I
It wuz my crazy FE's, I apologize...
Net gain for September
Net gain since start of journal
Wave recaps will be updated tomorrow together with charts.
I'll post a chart later sometime as well, we can compare notes =)
Trust price. Know yourself.
- #1,071
- Edited 5:32am Sep 30, 2007 4:56am | Edited 5:32am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Well, Sept was a scary but fun month. EUR/USD has proven itself to be a champion again, and next month it has room for a punch right thru until near 1.48 area, don't know whether there's enough power to do that.
Cable was abit disappointing in its bullish stance but finally managed to punch thru Aug's high at 2.0461 right at the last day of month, what a surprise.
2.08 to 2.1 area is still on the cards next month, it already has room to reach there.
USD/JPY maintained its bearish bias, but there's doji in monthly now, almost time for this pair to resume carry trade again? Bear trap might be needed to clear its way up (going down first then suddenly reversing). GBP/JPY is more bullish than USD/JPY but it might also need a bear trap for uptrend continuation. However, there's a danger of a possible head & shoulders formation in GBP/JPY weekly chart targetting 190.00; and time is running out fast.
Looking forward to an interesting October.
In short term Cable is prolly still in its wave (red) 3 or C up, but its subwaves (orange) seem to be forming an ending diagonal (?). Alternative count: Subwave 3 up might become an extended one tho and it's now still in its mini wave 3. I prefer the alternative one as it's the supporting count for Cable to hit above 2.08.
I'm not updating short term charts for EUR/USD, USD/JPY, and GBP/JPY yet for now because they only make me headache. Next upside targets for EUR/USD are 1.4340 area, 1.4650 area, then around 1.4800.
Good luck to everyone next week and in October.
Cable was abit disappointing in its bullish stance but finally managed to punch thru Aug's high at 2.0461 right at the last day of month, what a surprise.
2.08 to 2.1 area is still on the cards next month, it already has room to reach there.USD/JPY maintained its bearish bias, but there's doji in monthly now, almost time for this pair to resume carry trade again? Bear trap might be needed to clear its way up (going down first then suddenly reversing). GBP/JPY is more bullish than USD/JPY but it might also need a bear trap for uptrend continuation. However, there's a danger of a possible head & shoulders formation in GBP/JPY weekly chart targetting 190.00; and time is running out fast.
Looking forward to an interesting October.
In short term Cable is prolly still in its wave (red) 3 or C up, but its subwaves (orange) seem to be forming an ending diagonal (?). Alternative count: Subwave 3 up might become an extended one tho and it's now still in its mini wave 3. I prefer the alternative one as it's the supporting count for Cable to hit above 2.08.
I'm not updating short term charts for EUR/USD, USD/JPY, and GBP/JPY yet for now because they only make me headache.
Next upside targets for EUR/USD are 1.4340 area, 1.4650 area, then around 1.4800.Good luck to everyone next week and in October.
Tra-X
- #1,072
- Sep 30, 2007 5:17am Sep 30, 2007 5:17am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Well done bro, a 10kP club would be nice, that'll separate the winners from the losers.
Looking very much forward to these. I'm currently going by either C(for a bigger ABC correction) or 3 up confirmed on GBPUSD with a min target of A=C as .618xA=C is already exceeded. I see a high likelyhood of a new high and a wave 3 instead
Tra-X
- #1,073
- Oct 1, 2007 1:54am Oct 1, 2007 1:54am
just do the trades and have fun, right.
Lost your no. Lunch with jest, planning.
Still waters run deep
- #1,074
- Oct 1, 2007 6:09am Oct 1, 2007 6:09am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
- #1,075
- Oct 1, 2007 6:13am Oct 1, 2007 6:13am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
We entered at the same place! 
, nice to have you on my side Mr. Machine! take care, Raz
, nice to have you on my side Mr. Machine! take care, Raz
Never say never.
- #1,076
- Oct 1, 2007 6:56am Oct 1, 2007 6:56am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #1,078
- Oct 1, 2007 7:17am Oct 1, 2007 7:17am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #G47/07
GBP/USD Long
3 parts
Entry: 2.0401
Stop (initial): 2.0351
End of mini mini wave 4 of 3 (?).
Update 1: S/L tightened to 2.0375 (guarantees -26). Entered the trade too high.
GBP/USD Long
3 parts
Entry: 2.0401
Stop (initial): 2.0351
End of mini mini wave 4 of 3 (?).
Update 1: S/L tightened to 2.0375 (guarantees -26). Entered the trade too high.
Tra-X
- #1,079
- Oct 1, 2007 7:20am Oct 1, 2007 7:20am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
We entered at the same place!
Oh, hope it is so. I am starting to worry about this whole shebang being a big B if we don't stop dropping before 2.0340...
Tra-X
I am not surprised by Euro/usd correction on other hand seeing its RSI was at 83-daily. So this might dragged cable to correct too, once the correction which is normal get over.. we can see upside again. For now, cable long is not a bad ride
Forex is not easy!