Just 1 continuing trade thru this weekend, in EUR/USD.
Brief
4 parts
Entry: 1.3438
Stop (initial): 1.3488
Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).
Printable View
Just 1 continuing trade thru this weekend, in EUR/USD.
Brief
4 parts
Entry: 1.3438
Stop (initial): 1.3488
Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).
Cable has finished its subwave (orange) 5 upward in 1.9823 this week, signaling the end of wave (red) C upward too. Thus far only 1st impulse wave has been shaped after that, in a 5-wave top angled triangle pattern (currently labeled as subwave 1 or A downward ).
Subwave B or 2 upward will follow next week, retracing back this current fall.
Possible subwave B or 2 upward retracement goals:
- 38.2percent of subwave 1 or 2 A (1.9823 - 1.9635) in 1.9707.
- 50% at 1.9729.
- 61.8percent at 1.9751.
- 78.6percent at 1.9783.
https://www.forexforum.co.za/attachments/1528671614.jpg
EUR/USD might have finished its tide (red) 5 upward, finishing its 5-wave sequence beginning from 1.2876 before this year. But this count needs to be confirmed further first. EUR/USD falling below 1.3180 mark will likewise encourage this particular count. An increase over preceding multi-year high at 1.3442 will invalidate it.
https://www.forexforum.co.za/attachments/1528671614.jpg
No notable gap at this week's receptive so no scalp transactions opened, unfortunately. Gaps are almost always high scalp opportunities on week beginning.
Good luck to everyone this week! https://www.forexforum.co.za/attachments/1528671615.png
Opportunity #G1/ / 07
GBP/USD Long
2 parts
Entry: 1.9638
Cease (First ): 1.9588
Subwave 2 or B up Commerce.
Congrats, u have begun your journal, hope I can start my own journal too, maybe next month
good luck bro https://www.forexforum.co.za/attachments/1528671615.png
Due man. All the best to you too, simply start it if you are ready. Https://www.forexforum.co.za/attachments/1528671615.pngQuote:
Originally Posted by ;
Now's recap:
Europe remains observing Easter. EUR/USD retraced a week's collapse abit, but cable keeps falling. Maybe my long trade will get bombed earlier or later.
GBP/JPY did not grow now as anticipated, so cable lost its power too.
Tomorrow the volume will be back to normal. Time to put some action.
Opportunity #G1/07
GBP/USD Long
2 parts
Entry: 1.9638
Stop (initial): 1.9588
Subwave 2 or B up Commerce.
Update 1: Cable went to 1.9592, 4 pips in the stop (!!) . S/L tightened to 1.9591 (guarantees -47). https://www.forexforum.co.za/attachments/1528671616.jpg
Opportunity #G1/07
GBP/USD Long
2 Components
Entrance: 1.9638
Cease (First ): 1.9588
Subwave B or 2 up Commerce.
Update 1: Cable went to 1.9592, 4 pips from the halt (!!) . S/L tightened to 1.9591 (guarantees -47). Https://www.forexforum.co.za/attachments/1528671616.jpg
Update 2: It struck 23.6% retracement of subwave A or 1 so far. Took 1st profit at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).
Opportunity #G1/ / 07
GBP/USD Long
2 parts
Entrance: 1.9638
Cease (initial): 1.9588
Subwave 2 or B up trade.
Update 1: Cable went to 1.9592, 4 pips from the stop (!!) . S/L tightened to 1.9591 (guarantees -47). Https://www.forexforum.co.za/attachments/1528671616.jpg
Update 2: It struck 23.6% retracement of subwave A or 1 up to now. Took 1st profit at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).
Update 3: Puh, finally can access and post inforexforum.co.zahere (darn lecturer!) . Well, BoJ statement news provided the volume and pushed cable higher. Took last profit at 1.9694 ( 56) and closed the trade.
Total benefit: 68
Well done, keep the pips rolling.
Thank you, barak. Only first commerce tho, frequently the following one is a loser lol. Hope not.Quote:
Originally Posted by ;
Anyway, last mini wave (magenta) 5 down for cable is over, finished in 1.9592 low. So today subwave (orange) 2 or B retracement is on the anger, with mini wave A has likely finished. Let us see how cable moves next.
https://www.forexforum.co.za/attachments/1528671616.jpg
Usd Gbp _ Probable Wave count
End of a wave B Could be upon us....
Merely a Probabilty.... Not Heard in Stone! ....
Wave -Counts differ from Person to Person
-This B wave rally is nice and steep, -Only the way that Gann observed it!
--------------------------------------------------------------
(two charts attached )
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https://www.forexforum.co.za/attachm...1831608483.jpg
Pg 2---------------
https://www.forexforum.co.za/attachm...1716421214.jpg
Hi marketwavez, thanks for the charts. We agree that this is presently a corrective phase of cable. It's holding near the top today. More push up is possible. The notorious 1.9720 resistance might come into play again. Shouldn't have shut my long earlier. Https://www.forexforum.co.za/attachments/1528671619.jpghttps://www.forexforum.co.za/attachments/1528671619.jpghttps://www.forexforum.co.za/attachments/1528671619.jpg
Oops, should've's do not count however (thanks to Steviet who posted this in his journal before).
Just 1 continuing transaction thru this weekend, in EUR/USD.
Brief
4 components
Entrance: 1.3438
Stop (initial): 1.3488
Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).
Update 1: S/L tightened to 1.3437 (guarantees 1). https://www.forexforum.co.za/attachments/1528671619.jpg
Great thread, Traex https://www.forexforum.co.za/attachments/1528671619.jpg
I am on the exact same page as you men that cable is at ABC correction but how about that ABC being wave two? I just don't find the uptrend completed yet on the bigger image.
https://www.forexforum.co.za/attachments/1528671619.jpg
Hello JimboFX, thank you and welcome. Https://www.forexforum.co.za/attachments/1528671620.pngQuote:
Originally Posted by ;
Yeah, uptrend is finished or not for cable, we do not know yet, only follow exactly what our count has revealed so far. And let market determine where it is going.
Opportunity #G2/07
GBP/USD Short
3 components
Entrance: 1.9745
Discontinue (first ): 1.9795
Mini wave B or subwave 3 down (unlikely).
Traex missing your analysis. Best of luck on your ex and awaiting you return.
Traex, when will you be coming back? This wonderful ribbon became inactive now.
Ii have sent e-mail to traex and he did not respond. Anyone know if it's all god and has contact with him? https://www.forexforum.co.za/attachments/1528671634.png
I talked to him. He is fine. Wish he updated still.
Hi
I hope we could begin a new journey soon with Trax and the rest of the traders...I also have some Idea that cause all gain from it included Trax...I think this thread has shut down cause only one person had given Suggestions of precise trades so that he get bored to continue it....well I think if we could go onto a Live chartroom such as skype or yahoo a number of us might help discovering trades so at least there are more electricity that trax could gain from it he gains some excited for it.
Accountable for my poor english...
Regards
Long time never look at this thread. Https://www.forexforum.co.za/attachments/1528671634.png
I am too lazy to label my charts, so it is all blind wave counting now, nude. Doing more term trades as I've finished my analysis and found that a job to complete my bond.
Hope you all are having great trades. . All the very best! https://www.forexforum.co.za/attachments/1528671634.png
Thank you,. All the best for your own transactions too. https://www.forexforum.co.za/attachments/1529328486.pngQuote:
Originally Posted by ;
Fingers crossed for 1.46, 2.08 and also a tier tests https://www.forexforum.co.za/attachments/1529328487.jpg https://www.forexforum.co.za/attachments/1529328487.jpgQuote:
Originally Posted by ;
takes some time, but appears we eventually got here(cable)...
Take good care of
Just couldn't resist at least posting one count effort https://www.forexforum.co.za/attachments/1529328487.jpg
Could be we did 1-2 / 1-2 and are now beginning to enter the 3. . .we'd have quite high targets. .
Looking at this whole big shebang as a portion of another really major impulse and entering the final stages with this last bit possibly being either a 5 of a 3 or a real 5 forming. Some adequate trending on GBPUSD would be fine again for once, even though only for 2-400 pips.
I always am unsure which pattern that looks like a 1-2 is one and which one is your subwave of the subsequent 3 coming in turn. . .never know how to differentiate those. .
https://www.forexforum.co.za/attachm...1942842655.jpg
Opportunity #G55/07
GBP/USD Long
3 parts
Entrance: 2.0570
Stop (initial): 2.0520
Already took 1st profit at 2.0651 for 81, S/L tightened to 2.0574 (guarantees 4).
Update 1: Set TP2 in 2.0720 to get 150.
Update two: TP2 was struck ( 150). S/L tightened to 2.0710 (guarantees 140).
Opportunity #E44/07
EUR/USD Long
3 parts
Entrance: 1.4377
Stop (initial): 1.4337
Already took 1st profit at 1.4414 to get 37, S/L tightened to 1.4380 (guarantees 3).
Update 1: Set TP2 in 1.4467 for 90.
Update two: TP2 was struck ( 90). S/L tightened to 1.4418 (guarantees 41).
Might prolly be my past trades before ex complete next month.
The count in chart looks good, only I can't find the tide III, its own sub-waves 1,3, and 5 impulses inside each don't appear to have their 5 sub-sub-waves, such as its sub-wave 5 (1.9183 - 2.0652) seems to have only 3 waves indoors (A-B-C at a bullish flag). Well does not matter much tho. Reaching 2.0800, so close. https://www.forexforum.co.za/attachments/1529328487.jpgQuote:
Originally Posted by ;
Opportunity #G55/07
GBP/USD Long
3 components
Entrance: 2.0570
Discontinue (initial): 2.0520
Already took 1st profit at 2.0651 for 81, S/L tightened to 2.0574 (warranties 4).
Update 1: Establish TP2 at 2.0720 to get 150.
Update 2: TP2 was struck ( 150). S/L tightened to 2.0710 (guarantees 140).
Update 3: Took last profit at 2.0808 ( 238). Trade is closed and reversed.
Total advantage: 469
Opportunity #G56/07
GBP/USD Short
3 components
Entrance: 2.0808
Discontinue (current): 2.0814
End of mini wave 3 or 5 (?) .
Opportunity #G56/07
GBP/USD Short
3 parts
Entry: 2.0808
Stop (current): 2.0814
End of mini wave 5 or 3 (?) .
Update 1: LOL, stopped out for -18. What a stupid attempt.
Total advantage: -18
Opportunity #E44/07
EUR/USD Extended
3 parts
Entry: 1.4377
Stop (initial): 1.4337
Already took 1st profit at 1.4414 for 37, S/L tightened to 1.4380 (guarantees 3).
Update 1: Establish TP2 in 1.4467 for 90.
Update 2: TP2 was hit ( 90). S/L tightened to 1.4432 (guarantees 55).
Https://www.forexforum.co.za/attachments/1529328487.jpgQuote:
Originally Posted by ;
Hmz. . .well I have 2.0820 as a possible (subsubsubsubsubsubsub)wave 3 ending, yes. . .but to exchange the drop...:oQuote:
Originally Posted by ;
Nicely done on the long! https://www.forexforum.co.za/attachments/1529328488.jpghttps://www.forexforum.co.za/attachments/1529328488.jpghttps://www.forexforum.co.za/attachments/1529328488.jpg
Therefore, 2.12, huh... https://www.forexforum.co.za/attachments/1529328488.jpg
Just a big monthly count effort...I think that it works out fairly well, but you like to count these lumps (3.3 / 3.5) differently I believe. . .nonetheless, the interesting bit is the last impulse. . .the 5 https://www.forexforum.co.za/attachments/1529328488.jpg
Targets for this is what interests us all the maximum, no? Https://www.forexforum.co.za/attachments/1529328488.jpg
We already hit the normal one in the 2.07xx. . .the next one must be greater outside to conform to the projection. . .otherwise I'm just plain wrong and we might as well go into a prolonged and nasty 4(oh dear. . .please no..rather have simple corrections, they are sooo tradeable) https://www.forexforum.co.za/attachments/1529328488.jpg
If you've got 5 minutes between study, let me know whatcha think, if you are too busy that's alright, also =-RRB-
https://www.forexforum.co.za/attachments/1529328488.jpg
Opportunity #E44/07
EUR/USD Extended
3 parts
Entrance: 1.4377
Stop (first ): 1.4337
Already took 1st profit at 1.4414 for 37, S/L tightened to 1.4380 (guarantees 3).
Update 1: Establish TP2 in 1.4467 for 90.
Update 2: TP2 was hit ( 90). S/L tightened to 1.4432 (guarantees 55).
Update 3: Out for 55.
Total benefit: 182
~2.12 place is something I am considering now today that 2.08 was currently struck. Https://www.forexforum.co.za/attachments/1529328489.jpg Currently I've got the Cable's maximum rally range at 2.0901 from my calc tho. Retracing deeper will cancel this range.Quote:
Originally Posted by ;
Yea, 2.09 showed on some projections , also. . .it's all tread cautious land here..market is still worried and it could well be that this new surge in the carry the last week and this completed a 5 tide sequence..looks just like a 3 shirt, then 4 fall off, then topping again now..tricky stuff.Quote:
Originally Posted by ;
Hi All,
Everybody Prepared for the week ahead?
I'm heading out on a limb here, and I am likely to say
(IMO) I feel we'll see the $ bottom out this
week, even if not in the next 24 hours.
I'm wanting to see Cable get into the 2.957 place for a brief.
Unsure on Euro, I was searching for the 1.4600 place, however if
you look at CHF/USD it is appearing close to being completed with
a ending diagonal in wave C of C or B of two.
Any comments welcome
GL GT
https://www.forexforum.co.za/attachm...1867117217.jpg
EURO
When this is tide 4, my target for 5 will be 1.4557-68
This could complete wave 5 of C of B
Again, opinions welcome by all!
https://www.forexforum.co.za/attachm...9507011707.jpg
Hi AZ-Heat,
your Wave 3 is my wave 5. I expect a A-B-C correction today. (1H Timeframe)
Traex, don´t need to disturb your diary. If yes, please allow me to know.
Regads