Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

yes .. have nice Dream ... I will read some book Now ..

good Night me too

GBP/JPY ...........


UPDATE GJ

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YEPPY +290 PIPS
Update
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update Gbp/usd


DEC-09-2010 to JAN-19-2010
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GUYS WHICH ONE
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here is elliot wave work
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opinion of the day !!!!


okay guys this is very Important when you try to find wave count on Low volume spread Pair's or Stock so it wont valid as well never give a Proper Valid impulsive of corrective Count Becoz in valume book Of trading the Volume and Elliot wave counting there is very big Core, but talking about Exositic pair like Non heard pair
(pushing the USD/ZAR, USD/TRY, etc. downward as the foreign currency rises up against the dollar).


just see the example of elliot wave


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USD/JPY UPDATE


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Many currency traders are unfamiliar with exotics. So I figured I’d take a moment to run down the differences between exotic currency pairs and major currency pairs.

While at first the charts appear the same, there are several important differences that we need to talk about.

As an example, check out the charts of the South African rand (USD/ZAR) and the British pound (GBP/USD) below.

Unlike the Majors, the Exotics vary a lot when you convert them from pips to dollars!

The first thing that people note about exotics is the amazing number of pips that they can move on any given day. The top chart shows an average daily range (ATR indicator) of 1,000 pips to over 7,000 pips during the credit crunch & financial melt down.

During the same time, GBP/USD varied from 150 pips a day to 550 pips a day at the height of the credit crisis. So the actual number of pips of movement per day is far more in the exotic pairs than the majors…even volatile majors such as the pound.

Some people are drawn to exotics for this reason, while others shy way from them for that very reason. However, when it comes to exotics, they aren’t nearly the same in dollars as they are in pips, unlike many of the majors.

Note: The reason for much of this volatility is thinner volumes than the majors and the erratic behavior of investors with exotics. In other words, they want the higher yields and pip movements that an exotic has. However, if they sense trouble, they are quick to bail out of an exotic which swings the pair the other way just as quickly.

For instance, a pair like EUR/USD or GBP/USD is $1 per pip of movement in a mini account. However, many exotics are about 12 to 63 cents per pip of movement on average. So the amount of dollars being won or lost per pip of movement is vastly different. This is one thing that many traders don’t take note of.

Therefore, the actual dollar risk to your account is actually “toned down” more than you think, since many of these exotics are about 10-60% of a pip for one of the majors (in dollar terms).

So if I were trading the South African rand, I’d have to trade about 8 times the typical number of mini lots in order to be somewhat equal to 1 mini lot of GBP/USD.

In the case of the Turkish lira, I’d only have to trade about twice as many lots as I did of GBP/USD to be about the same risk dollar wise.

False argument against Exotics: The Spread is too wide! Wrong!

Another huge difference at first glance is the pip spread difference between the major currency pairs and the exotics. Okay, in pips, there is a big difference.

The spreads on exotics may be between 50 – 200 pips vs. majors being 2-5 pips for instance. However, when you convert those “exotic pips” into dollars, you’ll find that the cost is about $24-$31 dollars. Yes, that’s more than the majors BUT it’s not nearly as big as it sounded when we were talking about the number of pips that it cost per trade.

Now some argue that they wouldn’t trade an exotic pair due to that cost difference because a major pair would be $2 to $5. However, again, what they’re not considering is the volatility of the pair.

Many of these pairs can move 500 to 3000 pips in a day. Therefore, just as a pair that moves 180 to 250 pips in a day can erase easily push past a 2-5 pip spread cost…so can an exotic pair that trades 500 to 3000 pips a day push past its 50-200 pip spread cost.

The point being…you’ll usually see a pair that has a high pip spread also be very volatile which can cover their spread almost as quickly as the lower volatile majors cover their spreads.

If this weren’t the case, there wouldn’t be reason enough to trade them if the spread took days to overcome.

So the volatility is more…the spreads are more YET the pip cost is lower which helps to bring down the dollar amount of the spread. However the daily interest earned on these pairs is generally significantly higher. So if you call the direction right and earn significantly more interest along the way, it does help to compensate for some of the extra risk associated with exotics.

Fundamentals can be a little harder to obtain…but what you really need to gauge the most is the “risk temperament” of investors!

One final difference in exotics over the majors is the ability to get fundamental data on the currency. Oh yeah, you can get it from their central bank’s site. And you can get some info from Bloomberg.com, etc. But other than that…it’s sometimes hard to gain all of the fundamental data that you can readily get from a major industrialized country.

However, with that said, the main, big overriding factor with exotics is usually how risky investors are willing to be. When economies are recovering or in a boom, exotic currencies tend to push higher (pushing the USD/ZAR, USD/TRY, etc. downward as the foreign currency rises up against the dollar).

But, when “times are tough” around the world and investors get cautious, the exotics are some of the first ones they run from (which gives a great tradable opportunity too as these pairs shoot up as the run to the dollar).

So in either case, exotics can be a great trade. It’s just that it’s easier to maneuver through them when economies are pulling out of a recession and stock markets are headed back into a bull market once again.

By sean

Joke Of the day !!!


One Guy said me , why I not trying to become Fund Manager ...


hehe .. how can be +18=19 year Old Boy BECOME a FUND MANAGER


bit funny doens't It

I WILL EARN BILLION DOLLAR"S ............aaaaaaaahhhhhhhhhhhhhh
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vincy

Gud/Jpy

Toooooooooooooooooo LONGGGGGGGGGGG TERM


38,240 PIPS

hey Vincy, what do you think of this USDJPY EW count?

hi.vincy!
Please Look　this chart

hi Shahab8b..

okay talking about your count it is good 123 but Till the 4 wave is not Valid ........

EWP page 31 wave 4 never Retrace to wave 1

see the example on your chart as well the rule page







And talking about commodity the 4 can retrace wave 1 from of 15% as also ALTERNATIVE COUNT and in stock 0% of retrace ..

see below the example

GOOD MORNIGGGGGGGGGGGGGGGG !!!


hi zhou ..

this is perfect Flat

But I dont know what you want to show me .. .......WHAT IS THE TIME FRAME ???

and which Pair ??


flat explanation

au.. UPDATE

UPDATE AU

hi zhou .. in your expand abcde ..

which Expand formation Following on your Aus/usd Chart ?

hi zhou Can you update Eur/usd

hi.vincy!I am back! Just a little thing