Hi guys,
if trend Line Broken Then Buy EURGBP and TP is 0.8756 SL is 0.8420
if trend Line Broken Then Buy EURGBP and TP is 0.8756 SL is 0.8420
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- #2,585
- Jul 1, 2009 3:01am Jul 1, 2009 3:01am
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
Trading = a mirror to your human flaws. Fix them or be fixed.
- #2,589
- Jul 1, 2009 7:56am Jul 1, 2009 7:56am
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
Trading = a mirror to your human flaws. Fix them or be fixed.
- #2,591
- Jul 1, 2009 9:33am Jul 1, 2009 9:33am
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
you have the Elliot spirit
Back to ABCs, the eurjpy high was exceed so the setup was invalidated. I would still take a short around here but only if we have a strong bearish reversal like a large pin bar or bearish outside bar. But for now is off my radar, not an A+ anymore...
We also have a typical abc on GBPCHF H4, the only thing missing is some bullish PA. I'll keep an eye on it.
Cheers!
Trading = a mirror to your human flaws. Fix them or be fixed.
- #2,592
- Jul 1, 2009 12:27pm Jul 1, 2009 12:27pm
the uptrend we've seen yesterday & the day before on G/U is very much like [a b c] and [a] is almost equal to [c], instead, if we could find 5 wave, then your count would be well justified, however still to me, your idea is acceptable. 
- #2,593
- Jul 1, 2009 2:06pm Jul 1, 2009 2:06pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Lol, dont know what you mean by that but I hope is something good
Back to ABCs, the eurjpy high was exceed so the setup was invalidated. I would still take a short around here but only if we have a strong bearish reversal like a large pin bar or bearish outside bar. But for now is off my radar, not an A+ anymore...
We also have a typical abc on GBPCHF H4, the only thing missing is some bullish PA. I'll keep an eye on it.
Cheers!
how have you been bro?
always good to see solid analysis.
regarding ej, i was expecting one more high based on weekly count. (looks like a last 5 waves up before a sell off)
your thoughts would be much appreciated.
- #2,594
- Jul 1, 2009 3:32pm Jul 1, 2009 3:32pm
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
good to see you soso.
how have you been bro?
always good to see solid analysis.
regarding ej, i was expecting one more high based on weekly count. (looks like a last 5 waves up before a sell off)
your thoughts would be much appreciated.
I''m fine thanks, been lurking around without posting, today was the exception
. Hope you're well too mate.I took a look on the weekly sorry but it is not clear to me...this days I'm trying to keep things simple.
H4 EURJPY, although is stalling a bit above the typical level still doesnt give any PA hints so I'll leave it, maybe tomorrow we'll have more luck.
GBPCHF made a decisive break below c typical level so we dont have a setup anymore.
Going to sleep now, take care and good luck guys!
Trading = a mirror to your human flaws. Fix them or be fixed.
- #2,595
- Jul 1, 2009 3:34pm Jul 1, 2009 3:34pm
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
the uptrend we've seen yesterday & the day before on G/U is very much like [a b c] and [a] is almost equal to [c], instead, if we could find 5 wave, then your count would be well justified, however still to me, your idea is acceptable.
Trading = a mirror to your human flaws. Fix them or be fixed.
Thanks for the nice analysis. My feeling is the same as yours, a bit too early to say if the correction has finally ended. My count is slightly different from yours, but if correct then fibs would suggest upturn. Things are probably slow in the beginning (a diagonal building up as the first wave?), but once euro and pound start properly heading down, we should see a nice upmove for eurgpb. And of course another huge drop for the pound.
R
R
If you mean the huge correction from Daily then it is hard to say. It didnt reach the typical abc level (a=c) so I didnt get an entry. But if you zoom in to H4 we had a typical abc setup for LONG, dont know if it is a correction or the new up trend.
If it is a correction I will look again for the same setup, typical abc, and if this is the case then the 0.8632 level is the level to watch for short reversal signs.
I'm telling you guys there's nothing more simple and clear than the simple abc in the entire EW theory. If you like to keep things...
