row row row your boat
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #224,231
- May 13, 2010 2:54am May 13, 2010 2:54am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- #224,238
- Edited 4:32am May 13, 2010 3:11am | Edited 4:32am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Well one must consider a few things when using EW analysis;
1) is our current view of the EW structure still valid
2) is there an alternative EW structure we haven't considered
3) does the wave structure we've considered actual fits the pattern in question. . .
Regarding the last statement; sometimes we try to force wave patterns in an EW structure which doesn't fit. . . The wave structure could be a complex and irregular pattern and we've not considered that into our analysis. Or the pattern could be a simple non-EW structure...
...Think the whole dilemma is about Wave 4 in larger trend...
Most of us think we are in wave 5 .. we are from 251...but dont know if it has finished or not...Then we have One World order to convince we will have one Currency... So all currencies should be Doomed...
I somewhat agree with that...but THE GAME is not gonna END this soon!!
Back to wave #4 ....Wave# 4 OR Wave #2 should be an ABC or a Triangle...
And its NOT yet....
If it is Wave #4 ...ABCDE ... Then it should go UP first ( My estimate 159xx)..
If it is Wave # 2 of 5 Then ABC to 173 - 200...
The only way I see NEW LOW If from 251 to 118 is Wave A, then 118 to 163 as Wave B.....But I have not seen B waves is 5 waves??? Wave B should be in 3 waves or a Triangle...
Then we have ACTION FOREX saying for last 2 years that we are in Wave 3 inside wave 3 ( whatever that means) If we are still in wave #3..are we gonna see wave #5 below -+0 ???
I see FIB at 112 and other Digits How you have concluded...But the Pattern is not that Simple so as Fixing Fundamental Crisis( which I dont really Follow)
Anyways... Its better I make a Video AND POST...
But I will try and explain thru Charts on the Weekend if I get Time cause there will be few Charts I will have to Post..But for Now take a look Bob Pretchers Charts..( think he is also a paid puppet now from MM to mislead people from here ONN)..Its better to stick to your analysis and manage when Wrong..
And I think he will be wrong on these Ones....Meaning His C is gonna be longer than he estimated..We will see If ever There...
Weekly Charts as of now suggesting some Down ACTION...cause of STOCH being in OB territory BUT RSI has a lot of room to go higher..I trust My RSI.........
Sorry for the long Post...Long story Short... With all due respect My Brain Does not AGREE with You Yet....
Markets are not Random, they are designed!
- #224,239
- May 13, 2010 3:20am May 13, 2010 3:20am
Think the whole dilemma is about Wave 4 in larger trend...
Most of us think we are in wave 5 .. we are from 251...but dont know if it has finished or not...Then we have One World order to convince we will have one Currency... So all currencies should be Doomed...
I somewhat agree with that...but THE GAME is not gonna END this soon!!
Back to wave #4 ....Wave# 4 OR Wave #2 should be an ABC or a Triangle...
And its NOT yet....
If it is Wave #4 ...ABCDE ... Then it should go UP first ( My estimate 159xx)..
If it is Wave # 2 of 5 Then...
raza,,what is your count say ..below 130 to 125/128 somewhere ? or do you think the low is in place at 130 ?
- #224,240
- May 13, 2010 3:23am May 13, 2010 3:23am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!