Thread: Harmonic Wave Journal

Originally Posted by ;

Hey, just wanted to pop in and ask if GBPUSD's 2.024 consolidation low is removed, would that subsequently make 2.055 the aborted Wave 5 and indie a new wave down / correction?

I am running out of excuses to feign GBPUSD might actually get somewhere higher if it drops past this .618 at around 2.0355 and because I expect GJ to return to 220 and under finally, it is getting chy

The medium term count will be invalid only if cable drops under 1.9880 low. Well now's nosedive is really magnificent, 210 pips fell over now up to now, first time last year, since I started trading. Any fundamental takings?
If GBP/JPY drops under 220, there is HS target at 190 lol. As I said I really don't want that to happen, as there'll be a possibility of another Asian financial crisis again (such as in 1998), and I just almost complete my study. Oh my.

Originally Posted by ;

The moderate word count will be invalid only if cable drops below 1.9880 low. Well the nosedive of today is magnificent, EUR/USD fell 210 pips over today so far, first time since I started trading. Any takings that are fundamental?

Only the usual. Been waiting for all of this need to see more JPY strength and exotics weakness. . .guess it's the same mechanism as always, carry/exotics/stocks that are diving, increasing USD. .

Hm I believe cable may just either have become the conclusion of a 5 countish correction end, or another wave. One way or another I expect no less than a three wave move lower today. Will be bolstered when we close below 2.0315. . .then things will be bad. Below 2.0240 for me is my first vital wave over place since that's exactly what I believed was Wave 4. So SOMETHING is going down, literally...
Well, let us see. EURUSD might have finished a 5 wave arrangement which might have been the huge daily Wave 3 and starting down an A for an ABC. The B(or 2) end will be delicious to enter into if that's true then

Opportunity #J9/ /07
USD/JPY Extended
3 components
Entry: 113.60
Stop (initial): 113.25

End of miniature wave B or 2, gap trade.

Update 1: Took 1st profit at 114.06 ( 46). S/L tightened to 113.55 (guarantees -5).
Update 2: Took 2nd profit at 114.47 ( 87). S/L tightened to 114.16 (guarantees 56). Unbelievable that this 1 trade survives lol.

Originally Posted by ;

Opportunity #J9/07
USD/JPY Extended
(guarantees breakeven). Unbelievable that this 1 trade survives lol.

You know, that 1h pattern looks a lot like the large daily pattern we just had. . .curious to see what's next now that the UJ gap is filled

Harmonics -

Eur/Usd ....
/////////////////////////////////////////////////////////////////
These can be two separate scenario's playing at the Euro

Here is one of them ....
-------------------------------------------------------------
(Double Click on chart to expand)

This is an Opinion of the Gbp/Usd
///////////////////////////////////////

There are now Tweezer Bottoms (Equal Lows)
Will these Two lows hold for the rest of this week ?
-------------------------------------------------------

(Double click on graph to enlarge)

Hello Revoke


I drew Elliott Waves and Harmonic Patterns with
a Graph print-out ,a pencil , paper , and a ruler
from 2002 to 2005 ....That's right , No Display ....
It's the best way to learn this
------------------------------------------------------------
Today , I see all of the lines ... ,

The graphs are made with Tradestation , the first chart package
I'm sure you know of these ....and No ! , It's not free !
------------------------------------------------------------------
You get what you pay for in life ....

Cheaper isn't Better ....

--------------------------------------------------------------

Originally Posted by ;

That is an Opinion of This Gbp/Usd

Can these 2 lows hold for the rest of this week ?
-------------------------------------------------------

(Double click graph to expand)

Actually one click is enough to zoom in on the charts.

Got similiar ideas/counts as you, now only hoping I'll get a fantastic setup in the B/4/retracement levels and a bearish setup to get in for the final/real push.

Anyone also got some larger counts? I'm playing this in the moment..but it might well be I've the proportions completely wrong...I just liked how the 100% projections lined up

Gbp/Usd
(Longer Expression Views) Daily Bars
--------------------------------------------------------------
Double click on Graph to enlarge

This thread turned into an analysis thread instead of the dude's journal lol