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Daily Cable Analysis

  • #6,501
  • Feb 19, 2007 11:06pm Feb 19, 2007 11:06pm
Quoting HonaForex
Lol I believe market is very bullish & its up from 9424 by 122 pips & there4 my wave1 in upward direction is complete,so now market will correct 50 to 70 pips as wave 2 there4 i have allready short at 1.9545 with take profit at 1.9500

shivaji
Good deal! As always I look forward to your input!I was very tempted to SHORT at 1.9540 but I didn't! I think it will be positive PIPS though! Good luck!
Show me the PIPS!
  • #6,502
  • Feb 19, 2007 11:10pm Feb 19, 2007 11:10pm
Price has been bouncing off the 200 day moving average since last Thursday. Testing it again now. Maybe this will be the breech.
Attached Image
Is your SL my TP?
  • #6,503
  • Feb 19, 2007 11:15pm Feb 19, 2007 11:15pm
Have fun, I smell a short squeeze coming on! My long indicators have crossed and I'm gonna sit back and watch lemons be made into lemonade! YES SIR!!!!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #6,504
  • Feb 19, 2007 11:20pm Feb 19, 2007 11:20pm
Happy trading to All & let today be our Day............All the Best to ALL..............Well today there is not much announcement for market to dance on music but it will go like tortise.so as saying goes slow "steady win the race "..........guys keep smiling........right now market will correct by 60 to 70 pip..........who is in my bout...............hahahahah.............i have allready made 40 pips today...........cool
"Trade for sake of trading & not for winning or Lossing"
  • #6,505
  • Feb 19, 2007 11:54pm Feb 19, 2007 11:54pm
Well its a good thing I didnt go short myself. Macd crossed on the 15 min chart but never on my 60. So glad I wasnt aggressive.
trading on demo is not trading
  • #6,506
  • Feb 20, 2007 12:30am Feb 20, 2007 12:30am
Is now closed with the SHORT candle at 1 PM EST. Yay. Still no idea where this pair is going yet. Time for a 1 HR power nap. Good luck!
Show me the PIPS!
  • #6,507
  • Feb 20, 2007 12:30am Feb 20, 2007 12:30am
Wow what the heck is up with this pair. Its throwing up everywhere!! I believe we are going down though. Waiting for my signals on the 60min chart. I did place a short and am going to ride it. Good night all its an early night for me.
trading on demo is not trading
  • #6,508
  • Feb 20, 2007 2:17am Feb 20, 2007 2:17am
Quoting HonaForex
Lol I believe market is very bullish & its up from 9424 by 122 pips & there4 my wave1 in upward direction is complete,so now market will correct 50 to 70 pips as wave 2 there4 i have allready short at 1.9545 with take profit at 1.9500

shivaji
Hona,

Excellent call I made money with you on that one

Sharpe7852
  • #6,509
  • Feb 20, 2007 2:18am Feb 20, 2007 2:18am
It's going back into the channel I posted yesterday. Following that channel, the downside target is around 1.9400 now!! It will be fun to watch how this evolves... I will stay out for a bit now
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  • #6,510
  • Feb 20, 2007 2:21am Feb 20, 2007 2:21am
Quoting HonaForex
Lol I believe market is very bullish & its up from 9424 by 122 pips & there4 my wave1 in upward direction is complete,so now market will correct 50 to 70 pips as wave 2 there4 i have allready short at 1.9545 with take profit at 1.9500

shivaji
Very good posts, I don't know heck about Elliot Wave so please keep us informed what you see! Thanks!
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  • #6,511
  • Feb 20, 2007 3:19am Feb 20, 2007 3:19am
Quoting SirKhan
Very good posts, I don't know heck about Elliot Wave so please keep us informed what you see! Thanks!

hey thanks for kindness well i know about Elliot wave that it has 8 waves 5 in one direction & three in other thats all...............I m not superstar in Elliot wave...........But Seeker of Elliot wave bcos we are allways in some wave but we are not awear of this.................Well i have open another trade long at 1.9480 with ST at 1.9460 & TP at 1.9520.................& if it hits there I will be short from 1.9520 with ST 1.9540 & TP 1.9460....................
"Trade for sake of trading & not for winning or Lossing"
  • #6,512
  • Feb 20, 2007 3:43am Feb 20, 2007 3:43am
Lol ur system is working very good for me on 5 min chart..............thanks man keep us updating ur system & even same apply to all us............


shivaji
"Trade for sake of trading & not for winning or Lossing"
  • #6,513
  • Feb 20, 2007 3:46am Feb 20, 2007 3:46am
Quoting HonaForex
hey thanks for kindness well i know about Elliot wave that it has 8 waves 5 in one direction & three in other thats all...............I m not superstar in Elliot wave...........But Seeker of Elliot wave bcos we are allways in some wave but we are not awear of this.................Well i have open another trade long at 1.9480 with ST at 1.9460 & TP at 1.9520.................& if it hits there I will be short from 1.9520 with ST 1.9540 & TP 1.9460....................
on what time frame you count the waves???
  • #6,514
  • Feb 20, 2007 4:02am Feb 20, 2007 4:02am
Guys i came out of long at 1.9505 & entered short at 1.9500 with take profit at 1.9460..................Guys wats up..............
"Trade for sake of trading & not for winning or Lossing"
  • #6,515
  • Feb 20, 2007 4:03am Feb 20, 2007 4:03am
Quoting HonaForex
Guys i came out of long at 1.9505 & entered short at 1.9500 with take profit at 1.9460..................Guys wats up..............
Before the little news event I went long at 1.9497 and rode the little wave until 1.9510 where I exited, +13 fast pips.
Now I don't know which way it will go so I'll wait a bit.
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  • #6,516
  • Feb 20, 2007 4:05am Feb 20, 2007 4:05am
Quoting mosheber
on what time frame you count the waves???

Lol on 1min & 5 min chart ....................
"Trade for sake of trading & not for winning or Lossing"
  • #6,517
  • Feb 20, 2007 4:11am Feb 20, 2007 4:11am
Quoting SirKhan
Before the little news event I went long at 1.9497 and rode the little wave until 1.9510 where I exited, +13 fast pips.
Now I don't know which way it will go so I'll wait a bit.

Lol as per my caluclation we are in wave 2 & in wave 2 A is complete & just B is complete at 1.9515 there i came out of long & entered short 1.9500 with TP 1.9460 which being very impt supp & res line...............lol believe in urself bcos U have having everything wat is requried to win................All the best.
"Trade for sake of trading & not for winning or Lossing"
  • #6,518
  • Feb 20, 2007 4:16am Feb 20, 2007 4:16am
Thanks once again I came out of long bcos of ur system says that to me & i did that on my 5 min chart..............
"Trade for sake of trading & not for winning or Lossing"
  • #6,519
  • Feb 20, 2007 4:17am Feb 20, 2007 4:17am
Quoting HonaForex
Lol as per my caluclation we are in wave 2 & in wave 2 A is complete & just B is complete at 1.9515 there i came out of long & entered short 1.9500 with TP 1.9460 which being very impt supp & res line...............lol believe in urself bcos U have having everything wat is requried to win................All the best.
Could you post an image (if you have some time to waste for me ) where you show on a chart how you count the waves? I would really like to learn more and more of daWaves Thanks in advance!
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  • #6,520
  • Feb 20, 2007 4:29am Feb 20, 2007 4:29am
Quoting HonaForex
Lol on 1min & 5 min chart ....................
Hi, i'm newbie How do u calculate the elliot wave in 5m chart? Is there any formula u can share with us? For example in calc pivot we use high low and close, how to calc the wave? Thanks...
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