Dislikedyes ,but in strong bullish market , here perhaps it is not & still not...Ignored
- #3,064
- Edited 1:46pm Aug 3, 2009 11:16am | Edited 1:46pm
- | Joined Nov 2006 | Status: Trader | 847 Posts
to marketwavez
if you count the waves like that (with wave 4 going into the price territory of wave 1) then wave C should be an ending diagonal but it looks nothing like that.
ending and leading diagonals are the wedges you see on the chart patterns courses. if i were you I would try to find a suitable extension to count in order to respect both the rules and the guidelines of EW theory
loopyno
no overlapping of Wave 4 over Wave 1 in the chart
( you can left click on charts in this forum to see charts clearer )
Here it is a zoomed out
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The green dotted line was put there to show that there is no overlapping
http://i31.tinypic.com/x3wq42.gifl
http://i25.tinypic.com/55pget.gif
- #3,065
- Edited 12:32pm Aug 3, 2009 12:11pm | Edited 12:32pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #3,067
- Aug 3, 2009 6:24pm Aug 3, 2009 6:24pm
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
As you can see now, wave B.
Everything just like in a book since 3 days.
I'm still picking up pieces and pages and trying to sort it all out.....
Man, the last couple days they really ripped the book to shreads.
I'm still picking up pieces and pages and trying to sort it all out.....
. When it goes like in a book you're collecting many pips (on USDCHF there was really many pips to take using EWT - when you trust it), and when it doesn't go like in a book you've got only one Stop Loss order .Now I'm starting to look for next set ups...
hello everybody
i have a curiosity about the techniques you use to trade.
for example, i am analyzing monthly, weekly, daily, H4 and H1 ... i look for places to enter on H4 and enter when H1 supports my trade.
the result is ... less trades ... more pips per trade.
this is my technique ... and for the record i do not think i could have had an equity curve like Piglet in 2 months.
ah ... one more thing i risk 5% of the account on each trade and I am adding positions at Y, Z, 2 and 4
loopyno
i have a curiosity about the techniques you use to trade.
for example, i am analyzing monthly, weekly, daily, H4 and H1 ... i look for places to enter on H4 and enter when H1 supports my trade.
the result is ... less trades ... more pips per trade.
this is my technique ... and for the record i do not think i could have had an equity curve like Piglet in 2 months.
ah ... one more thing i risk 5% of the account on each trade and I am adding positions at Y, Z, 2 and 4
loopyno
- #3,079
- Aug 5, 2009 11:19pm Aug 5, 2009 11:19pm
Hi all, this is my view of the cable. I see the end of wave 5 has been reached, if not a 100 points max extension is pretty much possible on wave 5. A correction wave A-B-C down is awaiting to happen anytime. Most probably after the release of the Non-Farm Payroll data tomorrow regardless of positive or negative figure. In my chart i have drawn a line of the possible end of the correction wave A-B-C. After that we will be anticipating a new impulse wave up.
Please click on imagefor a clearer view of the chart.
Happy Pippin y'all!
Please click on imagefor a clearer view of the chart.
Happy Pippin y'all!
Collecting pips