Lol i told there was no correction journey from 9282 to watever...................also CCI my favourite Index told wat tis coming ahead.................wat i done is played both way & made 100 pips not bad.......................bad luck guys
Tra-X
- #7,841
- Mar 12, 2007 7:54am Mar 12, 2007 7:54am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
- #7,846
- Edited 8:19am Mar 12, 2007 8:17am | Edited 8:19am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
if market is crossing 9282...........i believe upward journey is finsihed.........let us see..............wat u feel
Edit: Looks like it'll take a break for a while now or soon, 5-wave in 5-min chart finishing.
Tra-X
- #7,853
- Mar 12, 2007 10:08am Mar 12, 2007 10:08am
nah...... i am pray 9400 again,
Lol is market behaving like it is going up but i m not satisfied with behaviour.............but have no option other than going long.............look for short correctio still 275/80 area than i will go long...............let us see
"Trade for sake of trading & not for winning or Lossing"
- #7,857
- Mar 13, 2007 2:55am Mar 13, 2007 2:55am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Well it has already hit below 9260 area lol what I need to say more.
Edit: Looks like it'll take a break for a while now or soon, 5-wave in 5-min chart finishing.
It looks as if the Asian session finished off an ABC type correction and that the fall from the 9326 high at about 00:55 EDT started a new move down - it needs to break under 9250 to confirm.
Trading Levels with WRBs
- #7,860
- Edited 6:57am Mar 13, 2007 6:47am | Edited 6:57am
- | Joined Jul 2006 | Status: Trader | 182 Posts
@HonaForex:
Your wave count seems wrong, because Wave 3 is always the longest. 3 and 4 in your chart looks more like wave 1 & 2 and number 5 looks like wave 3, correction A looks like Wave 4.
For a long in one hour chart is could be either a wave downmove or a correction pattern, I'm not sure yet. Downmove would indicate a longer Wave 3 down, correction would indicate its a new long needed for B up. But I have some problems with these ABC correction movement counts, so I'm not sure about that.
On the other side, it could a failed wave 5 down and its now moving up for a correction. Welcome in the wonderful world of the not-so-sure-countable elliot wave patterns.
Your wave count seems wrong, because Wave 3 is always the longest. 3 and 4 in your chart looks more like wave 1 & 2 and number 5 looks like wave 3, correction A looks like Wave 4.
For a long in one hour chart is could be either a wave downmove or a correction pattern, I'm not sure yet. Downmove would indicate a longer Wave 3 down, correction would indicate its a new long needed for B up. But I have some problems with these ABC correction movement counts, so I'm not sure about that.
On the other side, it could a failed wave 5 down and its now moving up for a correction. Welcome in the wonderful world of the not-so-sure-countable elliot wave patterns.