30min Cable Chart
Attached Image (click to enlarge)
Elliott Wave Counting with EG
- #2,822
- Nov 5, 2009 1:21am Nov 5, 2009 1:21am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Early Bonus on Cable Trade
EG
EG
- #2,824
- Nov 5, 2009 4:19am Nov 5, 2009 4:19am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Target met again
- #2,825
- Nov 5, 2009 4:23am Nov 5, 2009 4:23am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Possible new target IF Price does not go higher than the end of last night's ending diagonal triangle which is just 30 pips away.
Could be a Good R/R here.
Anyway.... potential targets if price comes down for a w2 between 61.8-79%.
Although .... I doubt it to be w2 if it goes lower than 1.6352 as that would make C more than 161.8% of A
EG
Could be a Good R/R here.
Anyway.... potential targets if price comes down for a w2 between 61.8-79%.
Although .... I doubt it to be w2 if it goes lower than 1.6352 as that would make C more than 161.8% of A
EG
- #2,826
- Nov 5, 2009 6:41am Nov 5, 2009 6:41am
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Previous count invalidated
Now a potential EXPANDED FLAT may be in development
EG
Now a potential EXPANDED FLAT may be in development
EG
- #2,827
- Nov 5, 2009 11:59pm Nov 5, 2009 11:59pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
News last night caused a spike and the proposed corrective wave has been turned from a regular corrective wave to an irregular one like the Expanded Flat where B exceeds the origin of A.
Note that that limit will hold for B until or to the max of 138.2 of A. More than that , my wave labelling would be wrong
EG
Note that that limit will hold for B until or to the max of 138.2 of A. More than that , my wave labelling would be wrong
EG
- #2,828
- Edited 4:22pm Nov 8, 2009 4:05pm | Edited 4:22pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Cable having gone down to 1.6516 then went up again last Friday during the final hours of the week.....
Then shooting up to 1.6674 at Sunday opening.... Cable then could be in a wave3 of the w5.
This GAP UP may not fill today but later still once it finishes with w55.
Likely all longs for now as w4 will not overlap with w1. That is if Price goes higher than 1.7041..... Then definitely Bullish.
4hr chart would show that if 1.7042 is reached then Cable will be Bullish.
Otherwise Bearish scenario will persist to support the Head and double shoulders on the weekly and daily chart.
If Bearish, then price will be going a long way down
EG
Then shooting up to 1.6674 at Sunday opening.... Cable then could be in a wave3 of the w5.
This GAP UP may not fill today but later still once it finishes with w55.
Likely all longs for now as w4 will not overlap with w1. That is if Price goes higher than 1.7041..... Then definitely Bullish.
4hr chart would show that if 1.7042 is reached then Cable will be Bullish.
Otherwise Bearish scenario will persist to support the Head and double shoulders on the weekly and daily chart.
If Bearish, then price will be going a long way down
EG
- #2,829
- Nov 8, 2009 4:35pm Nov 8, 2009 4:35pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Notes on the chart
Cable Longs for me will be safe if price hits 1.7042
EG
Cable Longs for me will be safe if price hits 1.7042
EG
- #2,830
- Nov 8, 2009 4:50pm Nov 8, 2009 4:50pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
Bearish scenario Charts
5min Chart
These Bearish scenario is proposing that a w5 has occurred which is Truncated ... meaning it has not exceeded the price of w3
Internal wave counts would show that w53 in this higher degree w5 is still longer than the w55 while w54 is a Barrier triangle
EG
5min Chart
These Bearish scenario is proposing that a w5 has occurred which is Truncated ... meaning it has not exceeded the price of w3
Internal wave counts would show that w53 in this higher degree w5 is still longer than the w55 while w54 is a Barrier triangle
EG
- #2,831
- Nov 8, 2009 5:21pm Nov 8, 2009 5:21pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
In a Possible Bearish scenario for 1-2 days, price may come down towards 1.6259 to develop a w52 before reversing for new HIGHS toward 1.72000
But if price takes out 1.6259 then a much bigger w52 may be developing towards 1.5705
EG
But if price takes out 1.6259 then a much bigger w52 may be developing towards 1.5705
EG
- #2,832
- Nov 8, 2009 5:57pm Nov 8, 2009 5:57pm
- | Joined Nov 2006 | Status: Trader | 2,021 Posts
referring to my notes....
" for as long as the GAP UP remains unfilled..... all trades to be attempted will be on the long side."
Looks like it will be FILLED being 15 pips away now
EG
" for as long as the GAP UP remains unfilled..... all trades to be attempted will be on the long side."
Looks like it will be FILLED being 15 pips away now
EG
