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  • #2,881
  • Jan 23, 2013 2:17am Jan 23, 2013 2:17am
Quoting tomspin
I would wait for this week to end and initiate position on monday, My monthly CCI want to drop further, still good pips to go down.
Weekly and daily charts pat each other's back, however monthly as I said is not that bullish at all,
lol King came and bam!
As I said better to wait, 5800 strong level as Crassius said, I expect much more action from sterling today,
happy trading
swing it!
  • #2,882
  • Jan 23, 2013 2:28am Jan 23, 2013 2:28am
Best case target for this swing GBPUSD... My gut says we wont get that far..... I've already taken partial profits and am following it down with atight stop...
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  • #2,883
  • Jan 23, 2013 2:37am Jan 23, 2013 2:37am
Quoting Crassius
Best case target for this swing GBPUSD... My gut says we wont get that far..... I've already taken partial profits and am following it down with atight stop...

Thought we'd get a strong bounce outta there... my tight trailing stop hit.. I'm out.... was a nice trade compared to that 'itch EURUSD
  • #2,884
  • Jan 23, 2013 2:42am Jan 23, 2013 2:42am
On to the next.... I have my eye on this....

As always... wait for the market to confirm before entering...
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  • #2,885
  • Jan 23, 2013 2:46am Jan 23, 2013 2:46am
Quoting Crassius
Best case target for this swing GBPUSD... My gut says we wont get that far..... I've already taken partial profits and am following it down with atight stop...
1.5850~00 is a very strong M/T demand zone.. it may under-shoot a bit, but IMO it's unlikely that it'll break without some good support from M/T money..

I am looking at potential repeat of the 12/28 to 01/03 PA for the pairs.. do you see anything from EW perspective for that scenario?
  • #2,886
  • Jan 23, 2013 2:46am Jan 23, 2013 2:46am
Low risk EJ buy, with stops under current daily low, 117,47 is my monthly R2 which completed down move from R1 and WS1 as well,
swing it!
  • #2,887
  • Jan 23, 2013 2:49am Jan 23, 2013 2:49am
Quoting tomspin
Low risk EJ buy, with stops under current daily low, 117,47 is my monthly R2 which completed down move from R1 and WS1 as well,
still wish to see corection down to 111,70 though...going against central bank insanity is dangerous
swing it!
  • #2,888
  • Jan 23, 2013 2:49am Jan 23, 2013 2:49am
Quoting tomspin
Low risk EJ buy, with stops under current daily low, 117,47 is my monthly R2 which completed down move from R1 and WS1 as well,

{Tongue in Cheek} -- Nothing is low risk with that bucking bronco of a pair...
  • #2,889
  • Jan 23, 2013 2:53am Jan 23, 2013 2:53am
Quoting Crassius
{Tongue in Cheek} -- Nothing is low risk with that bucking bronco of a pair...
RiskRewardRatio next wall is at 119,10 my weekly pivot,
have to run
catch you later
Tom
swing it!
  • #2,890
  • Jan 23, 2013 2:55am Jan 23, 2013 2:55am
and watch the bloody pound, daily create a nice bottom, look at those wicks and small bodies around 5800 psych level, that is what I am talking about, round numbers are always good and give direction for forseenable future.
swing it!
  • #2,891
  • Jan 23, 2013 2:59am Jan 23, 2013 2:59am
Quoting cdndollar
1.5850~00 is a very strong M/T demand zone.. it may under-shoot a bit, but IMO it's unlikely that it'll break without some good support from M/T money..

I am looking at potential repeat of the 12/28 to 01/03 PA for the pairs.. do you see anything from EW perspective for that scenario?

Longer range Elliott for GPBUSD.... As you know.. Elliott is an ever evolving count, and this is subject to change as the market draws out its bars however it will... Until it invalidates the count... this is what I see... As soon as count os invalidated, I 'll switch to Bull..

My gut tells me we are near a short squeeze route higher that will be a blast to play.... we'll see if not sooner... then later...
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  • #2,892
  • Jan 23, 2013 3:01am Jan 23, 2013 3:01am
Quoting tomspin
and watch the bloody pound, daily create a nice bottom, look at those wicks and small bodies around 5800 psych level, that is what I am talking about, round numbers are always good and give direction for forseenable future.

1.5960 and I'll flip over to Bull.... given the right PA of course...
  • #2,893
  • Jan 23, 2013 3:05am Jan 23, 2013 3:05am
60 People reading this thread and only three of us posting... don't some of you have some charts and ideas to share... You're welcome anyway.... but share away...
  • #2,894
  • Jan 23, 2013 3:29am Jan 23, 2013 3:29am
Quoting Crassius
Longer range Elliott for GPBUSD.... As you know.. Elliott is an ever evolving count, and this is subject to change as the market draws out its bars however it will... Until it invalidates the count... this is what I see... As soon as count os invalidated, I 'll switch to Bull..

My gut tells me we are near a short squeeze route higher that will be a blast to play.... we'll see if not sooner... then later...
Thank you.. looks like London boys scooping up some depressed Pound$ here.. above 1.5888 could see a long pole Guppy range expansion short squeeze up to 1.60+..
  • #2,895
  • Jan 23, 2013 3:32am Jan 23, 2013 3:32am
USDJPY not sure of the scale... probably not aqua five waves down... most likely red interior 5 waves to one (a) wave aqua...

The point is that any rise will likely be corrective (b) wave, followed be deeper (c) wave pull back.... We'll know more as it unfolds....

We do have 5 waves already.... seems a little shallow to me.... I'm looking for one more small push down into my blue box... may not get it...
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  • #2,896
  • Jan 23, 2013 4:14am Jan 23, 2013 4:14am
Quoting Crassius
On to the next.... I have my eye on this....

Forget the above post.... I want to sell higher not ride a corrective wave up....
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  • #2,897
  • Jan 23, 2013 4:51am Jan 23, 2013 4:51am
Buy Limit orders GBPUSD @

1.5852
1.5843
1.5836

Against Low...

Ex[ect at least a C wave back up.... could turn into a short squeeze rocket ship...

Quoting Crassius
With this strong and long of a downtrend, when GBPUSD does finally bottom... the potential exists for a ripping short squeeze to develop.... I want to be on the right side of that eventuality...
  • #2,898
  • Jan 23, 2013 5:29am Jan 23, 2013 5:29am
Quoting Crassius
Buy Limit orders GBPUSD @

1.5852
1.5843
1.5836

Against Low...

Ex[ect at least a C wave back up.... could turn into a short squeeze rocket ship...
Hi Crassius,,,
I am waiting for GBPUSD to come to me to go LONG....
What level is "rejection level" for you, I mean the place when you say, huh, I was wrong... ?
Read Charts - Not Papers
  • #2,899
  • Edited 5:38am Jan 23, 2013 5:35am | Edited 5:38am
Quoting halkins
Hi Crassius,,,
I am waiting for GBPUSD to come to me to go LONG....
What level is "rejection level" for you, I mean the place when you say, huh, I was wrong... ?

I have changed my orers slightly now that we have two waves of three expected down... and I can measure C = A point... which is 1.5843... EDIT 1.5842

I have increased position size, and cut the third order which I now believe will never get filled...

I am playing these against the bottom... 1.5801.. Stop below...

After entry, my stop will be down there, but I will manage the trade based on Elliott Wave formations... If we get five waves down, instead of three, I'll dump the position where ever we are....
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  • #2,900
  • Jan 23, 2013 5:40am Jan 23, 2013 5:40am
Quoting cdndollar
Thank you.. looks like London boys scooping up some depressed Pound$ here.. above 1.5888 could see a long pole Guppy range expansion short squeeze up to 1.60+..
I am having shy 6370 & 6490 in my mind personally, 5800 seems to be to strong for sellers, nice ping pong since april 2012, only further QE will bring it down but I am not sure anymore, all those currency wars bs, just looking at technicals atm, good to see you are active, never had a chance to say "welcome"
swing it!
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