Harmonic Wave Journal | Page 61 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Harmonic trading-harmonic patterns 527 replies

Harmonic Elliott Wave (HEW) 962 replies

Elliot wave, Harmonic And Ichimoku in CHINESE STYLE 8,898 replies

TraderPinoy's Harmonic Trading Journal 14 replies

Harmonic Pattern Journal 8 replies

Attachments: Harmonic Wave Journal
Exit Attachments

Harmonic Wave Journal

  • #1,201
  • Oct 16, 2007 2:56am Oct 16, 2007 2:56am
Opportunity #G53/07
GBP/USD Long
3 parts
Entry: 2.0345
Stop (initial): 2.0295

End of subwave 2 of 3 (?).

Opportunity #J8/07
USD/JPY Long
3 parts
Entry: 116.49
Stop (current): 116.44

End of subwave 4 of 3 or C (?).

Already took 1st profit at 116.87 (+38).
Tra-X
  • #1,202
  • Oct 16, 2007 3:07am Oct 16, 2007 3:07am
Bro, i thought you're resting for a while, looks like you've got patience and you're just waiting at the right time to enter, GL! Sniper trader.
Still waters run deep
  • #1,203
  • Oct 16, 2007 3:29am Oct 16, 2007 3:29am
Opportunity #G53/07
GBP/USD Long
4 parts
Entry: 2.0345
Stop (initial): 2.0295

End of subwave 2 of 3 (?).

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Tra-X
  • #1,204
  • Edited 7:54am Oct 16, 2007 3:56am | Edited 7:54am
Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0321
Stop (initial): 2.0271

End of subwave 2 of 3 (?).

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry at 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Tra-X
  • #1,205
  • Oct 16, 2007 4:54am Oct 16, 2007 4:54am
Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of mini wave 2 of 5 (?).
Tra-X
  • #1,206
  • Oct 16, 2007 5:05am Oct 16, 2007 5:05am
Quoting Traex
Alright, GBP/JPY so far resumed its uptrend, powered mostly by USD/JPY (this pair still hasn't reached 118.00 yet, dang). Next important target at 241.46 (early year's top, left shoulder in weekly chart) is still to be hit. Still looks like a formation of H&S in weekly chart. C'mon carry traders, break it!

I would REALLY love to hear your opinion on this super-simple count attempt.

No rush however, finish your trades first.

The last two tops look like possibly waves 3 and 5 of the big wave 3 and I am playing on the scenario of the last "unwind low" being either 4 or only an A.

We're right at the .618, making bearish signs and at that shoulder you mentioned. So this COULD turn into a B, no?

Simple correction, ABC for big wave 4?

Just would love to hear whether this is completely impossible or feasible from your perspective...I am viewing this as potentially likely IF the DJI keeps dropping. The problem is that this would most likely abort GBPUSD a bit early, since I can't see GU making new highs alone while GJ rockets downwards...but who knows.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_161007_wave_count_big.gif Size: 28 KB
Trust price. Know yourself.
  • #1,207
  • Oct 16, 2007 8:08am Oct 16, 2007 8:08am
Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0321
Stop (initial): 2.0271

End of subwave 2 of 3 (?).

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry at 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Update 3: Took 1st profit at 2.0378 (+57). S/L tightened to 2.0305 (-16).

Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of mini wave 2 of 5 (?).

Update 1: Took 1st profit at 1.4194 (+38). S/L tightened to 1.4150 (guarantees -6).
Tra-X
  • #1,208
  • Oct 16, 2007 8:34am Oct 16, 2007 8:34am
Quoting SeekingLight
I would REALLY love to hear your opinion on this super-simple count attempt.
The correction on Aug in GBP/JPY has hit slightly beyond 50% retracement of the big wave 3 up. It's unlikely it'd go lower than that if the correction was big wave 4. Beyond that, it'd be very questionable whether it's big wave 4 or already a new impulse down. The H&S target is ~190.00 tho if it succeeds, scary.
Tra-X
  • #1,209
  • Edited 1:06am Oct 17, 2007 12:28am | Edited 1:06am
Opportunity #GJ8/07
GBP/JPY Long
3 parts
Entry: 235.98
Stop (initial): 235.18

End of mini wave A of 4 (?).

S/L already tightened to 235.90 (guarantees -8).
Tra-X
  • #1,210
  • Oct 17, 2007 12:31am Oct 17, 2007 12:31am
Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0321
Stop (initial): 2.0271

End of subwave 2 of 3 (?).

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry at 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Update 3: Took 1st profit at 2.0378 (+57). S/L tightened to 2.0305 (-16).
Update 4: Stopped out for -48.

Total gain: -9

Opportunity #J8/07
USD/JPY Long
3 parts
Entry: 116.49
Stop (current): 116.44

End of subwave 4 of 3 or C (?).

Already took 1st profit at 116.87 (+38).

Update 1: Stopped out for -10.

Total gain: +28
Tra-X
  • #1,211
  • Edited 4:06am Oct 17, 2007 2:44am | Edited 4:06am
Opportunity #GJ8/07
GBP/JPY Long
3 parts
Entry: 235.98
Stop (initial): 235.18

End of mini wave A of 4 (?).

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st profit at 236.90 (+92). S/L tightened to 236.20 (guarantees +22).
Tra-X
  • #1,212
  • Oct 17, 2007 6:14am Oct 17, 2007 6:14am
Opportunity #GJ8/07
GBP/JPY Long
3 parts
Entry: 235.98
Stop (initial): 235.18

End of mini wave A of 4 (?).

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st profit at 236.90 (+92). S/L tightened to 236.20 (guarantees +22).
Update 2: Took 2nd profit at 238.25 (+227). S/L tightened to 237.30 (guarantees +132).
Tra-X
  • #1,213
  • Oct 17, 2007 6:37am Oct 17, 2007 6:37am
Quoting Traex
Entry: 235.98

End of mini wave A of 4 (?).

Oh my

If you flip just right and ride C down as well I'll be speechless ;p

And I thought you only do .618s! Now here you are at .382s!
Trust price. Know yourself.
  • #1,214
  • Edited Oct 18, 2007 1:08am Oct 17, 2007 8:05am | Edited Oct 18, 2007 1:08am
Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of mini wave 2 of 5 (?).

Update 1: Took 1st profit at 1.4194 (+38). S/L tightened to 1.4150 (guarantees -6).
Update 2: S/L tightened to 1.4179 (guarantees +23).
Tra-X
  • #1,215
  • Oct 17, 2007 9:17am Oct 17, 2007 9:17am
Quoting SeekingLight
Oh my

If you flip just right and ride C down as well I'll be speechless ;p

And I thought you only do .618s! Now here you are at .382s!
That'd be crazy. But now I see a complete 5-wave up in GBP/JPY, or is it just my imagination?

Phew, that EUR/USD didn't reach my TP2 range at around 1.4250.
Tra-X
  • #1,216
  • Oct 17, 2007 9:58am Oct 17, 2007 9:58am
Quoting Traex
That'd be crazy. But now I see a complete 5-wave up in GBP/JPY, or is it just my imagination?

Phew, that EUR/USD didn't reach my TP2 range at around 1.4250.
Hm, well I'm all alright with this being a 2 instead of a B

I'm short both UJ and GJ again now

If it works, I'll see USDJPY trade 109 and then 107(and whatever GJ goes to then), if not, then oh well
Trust price. Know yourself.
  • #1,217
  • Oct 17, 2007 12:25pm Oct 17, 2007 12:25pm
Opportunity #GJ8/07
GBP/JPY Long
3 parts
Entry: 235.98
Stop (initial): 235.18

End of mini wave A of 4 (?).

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st profit at 236.90 (+92). S/L tightened to 236.20 (guarantees +22).
Update 2: Took 2nd profit at 238.25 (+227). S/L tightened to 237.30 (guarantees +132).
Update 3: Stopped out for +132. That's it for today I guess.

Total gain: +451
Tra-X
  • #1,218
  • Oct 17, 2007 12:27pm Oct 17, 2007 12:27pm
Btw, since you mentioned a 5 count, I tried to recount USDJPY again...I feel very very lost, but this is my current attempt...

Please tell me if you feel I'm overdoing the posting here a bit, I don't want to swamp your journal


Just always looking for some advice / opinion on the EW stuff =)


UJ / GJ / xxxJPY looking good here so far

It(GJ) reversed right smack dab on that .618 you like so much, too! =)

P.S. There's sposed to be a V above that top right 5 as in 5 = V, but oddly it isn't showing

But you get the idea I bet!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_171007_big_count.gif Size: 13 KB
Trust price. Know yourself.
  • #1,219
  • Oct 18, 2007 12:51am Oct 18, 2007 12:51am
Quoting SeekingLight
Btw, since you mentioned a 5 count, I tried to recount USDJPY again...I feel very very lost, but this is my current attempt...
There's a reason why I stopped posting USD/JPY count for a while, you're not alone.
Here's my longterm count for this pair, so I don't assume the 108 - 124 rally as a 1-2-3-4-5 wave, but an A-B-C. The matter for me now, where is the bottom of orange wave C (and red wave 2)? Already formed at 111+ in August or still another wave down? Bad thing is this count remains valid until it breaks 101 low.
Attached Image (click to enlarge)
Click to Enlarge Name: uj weekly.gif Size: 21 KB
Tra-X
  • #1,220
  • Oct 18, 2007 2:02am Oct 18, 2007 2:02am
Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of mini wave 2 of 5 (?).

Update 1: Took 1st profit at 1.4194 (+38). S/L tightened to 1.4150 (guarantees -6).
Update 2: S/L tightened to 1.4179 (guarantees +23).
Update 3: Took 2nd profit at 1.4252 (+96).
Tra-X
1 trader viewing now