Show me the PIPS!
- #7,803
- Mar 12, 2007 12:24am Mar 12, 2007 12:24am
thanks for reply
No problem. It's kind of quiet around here........... like this pair!
I still think it "wants" to go north again(1.9430/50 area) followed by a downward trip towards 1.9100 area..... but who know's? Just looking at some techs which haven't been 100% reliable lately. As always...the yen has thrown me for a loop on carry trades here lately so as always I am watching that beast as well.............
Show me the PIPS!
- #7,804
- Mar 12, 2007 1:09am Mar 12, 2007 1:09am
No problem. It's kind of quiet around here........... like this pair!
- #7,812
- Mar 12, 2007 3:12am Mar 12, 2007 3:12am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
According my wave count we are in wave C & Subwave 1 ,2 & 3 completed.........right now we r in subwave 4 which will correct journey from 9282 to 9395 (113 pips).............50% correction is 62 pips.............9395-62=9333, range of 9325/40............any one like to add more or something exciting ............
Ive been looking at the charts for about an hour doing some research and the immediate thoughts are as follows:
Looking at both the hourly and daily chart there were fibs in place around 9362 ( 38.2) of hourly and 9357 ( 23.6) of daily. On the latter we hit this three times last week before breaking through today, which in turn broke the hourly as well.
My next target to the long side appears to be 9417 on the hourlies ( 50.0) and then 9464 ( 38.2) on the dailys ( there is also an hourly of 9472 close by at 61.
The news due out today - mainly UK PPI - suggests an improvement and could help cable upwards. There appears to be no real major news after this to affect things until Thursday.
To the downside the support at 9280 was pretty strong after the dip to 9200, so maybe this is the base. We also have strongish support today at 9330.
Just my ten penneth and I would welcome others thoughts and comments.
- #7,815
- Mar 12, 2007 3:42am Mar 12, 2007 3:42am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
lol Shivaji, your wave C is my mini wave C, hence your subwaves are my super mini waves.
Anyway, just keep in mind that this mini wave C of subwave 4 might end anytime (altho I prefer it to reach 1.9444 first), subwave 5 down will follow after which will most likely hit new low (lower than last week's 1.9183 low).
Just keep updating on your super mini wave count. Thanks.
Anyway, just keep in mind that this mini wave C of subwave 4 might end anytime (altho I prefer it to reach 1.9444 first), subwave 5 down will follow after which will most likely hit new low (lower than last week's 1.9183 low).
Just keep updating on your super mini wave count. Thanks.
Tra-X
- #7,816
- Mar 12, 2007 4:40am Mar 12, 2007 4:40am
Ive been looking at the charts for about an hour doing some research and the immediate thoughts are as follows:
Looking at both the hourly and daily chart there were fibs in place around 9362 ( 38.2) of hourly and 9357 ( 23.6) of daily. On the latter we hit this three times last week before breaking through today, which in turn broke the hourly as well.
My next target to the long side appears to be 9417 on the hourlies ( 50.0) and then 9464 ( 38.2) on the dailys ( there is also an hourly of 9472 close by at 61.
The news due out today - mainly UK PPI - suggests an improvement and could help cable upwards. There appears to be no real major news after this to affect things until Thursday.
To the downside the support at 9280 was pretty strong after the dip to 9200, so maybe this is the base. We also have strongish support today at 9330.
Just my ten penneth and I would welcome others thoughts and comments.
Thanks great analysis..............closed my short for 15 pips loss...............long up with 15 pips profit right. now..............lots to learn......its means i counted wrong thanks for correction once agian..............hey where r u taking profit lol
"Trade for sake of trading & not for winning or Lossing"
- #7,817
- Mar 12, 2007 4:44am Mar 12, 2007 4:44am
lol Shivaji, your wave C is my mini wave C, hence your subwaves are my super mini waves.
Anyway, just keep in mind that this mini wave C of subwave 4 might end anytime (altho I prefer it to reach 1.9444 first), subwave 5 down will follow after which will most likely hit new low (lower than last week's 1.9183 low).
Just keep updating on your super mini wave count. Thanks.
lol it looks Elliot is blessing u with great pips................thanks for correction.......yap i was wrong...............where r u taking profit
"Trade for sake of trading & not for winning or Lossing"
- #7,818
- Mar 12, 2007 4:52am Mar 12, 2007 4:52am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
lol it looks Elliot is blessing u with great pips................thanks for correction.......yap i was wrong...............where r u taking profit
It's possible that both counts are wrong tho, nobody knows.TP1 at 1.9395 has been hit (50% subwave 3 fib), TP2 at 1.9442 (61.8% fib) is still far. Already moved s/l to profit tho. Good luck to you.
Tra-X
- #7,819
- Mar 12, 2007 5:00am Mar 12, 2007 5:00am
Our counts are same so I don't get where you got it wrong.
TP1 at 1.9395 has been hit (50% subwave 3 fib), TP2 at 1.9442 (61.8% fib) is still far. Already moved s/l to profit tho. Good luck to you.
300 EMA on hour holding at 9415,therefore came out 9413...........thanks for update lol.............so wats next .................it looks we will see 9435/40.....not now i believe bcos moment is lost right now
"Trade for sake of trading & not for winning or Lossing"