Harmonic Wave Journal

[housemcm]

Hello,

This will become a journal of my own Elliott Wave practices. I'll try to keep in focus in analysis and my system and ultimately will strengthen my opinion to become a trader that is consistent. Currently it an ultimate battle tho.
Thanks to everyone in this forum for all aid and fun.

The main/primary purpose of this practice would be to ch the opportunity to trade the urge waves (1, 3, and 5) in a trend in a particular timeframe that I choose. Secondary opportunity arrives if there is a comparatively big corrective waves (4 and 2) worth to trade with in that particular timeframe.
Presently, I am using m30/h1 to get GBP/USD as primary pair to trade, followed closely by EUR/USD, USD/JPY, and GBP/JPY (seldom tho).

[housemcm]

Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0321
Cease (initial): 2.0271

End of subwave 2 of 3 (?) .

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry at 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Update 3: Took 1st profit at 2.0378 ( 57). S/L tightened to 2.0305 (-16).

Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of miniature wave 2 of 5 (?) .

Update 1: Took 1st profit at 1.4194 ( 38). S/L tightened to 1.4150 (guarantees -6).

[1]

[housemcm]

Just 1 trade thru this weekend, also in EUR/USD.
Short
4 components
Entry: 1.3438
Cease (initial): 1.3488

Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).

[housemcm]

Cable has finished its subwave (orange) 5 up in 1.9823 this week, signaling the conclusion of wave (red) C up also. So far just 1st impulse wave has been shaped then, in a 5-wave top angled triangle pattern (currently labeled as subwave 1 or A down).
Subwave B or 2 up will follow next week, reunite this present fall.

Possible subwave B or 2 up retracement goals:
- 38.2 percent of subwave 1 or A (1.9823 - 1.9635) in 1.9707.
- 50 percent at 1.9729.
- 61.8 percent at 1.9751.
- 78.6 percent at 1.9783.
https://www.nigeriaforextrading.com/attachments/1518117663.jpg

[housemcm]

EUR/USD might have completed its wave (red) 5 up, ending its 5-wave sequence starting from 1.2876 before this season. However, this count has to be confirmed. EUR/USD falling below 1.3180 mark will further support this count. A rise over preceding multi-year high at 1.3442 will invalidate it.
https://www.nigeriaforextrading.com/attachments/1518117664.jpg

[housemcm]

No notable gap at the receptive scalp transactions of this week opened, sadly. Gaps are always high scalp opportunities on week beginning.
Good luck to everyone this week!

[housemcm]

Opportunity #G1/ /07
GBP/USD Extended
2 parts
Entry: 1.9638
Cease (First): 1.9588

Subwave B or 2 up trade.

[luoxlisan]

Congrats, u have started your diary, hope I could start my own diary too, possibly next month

good luck bro

[housemcm]

congrats, u've begun your journal, hope I could start my own journal too, possibly next month

great luck bro Thanks guy. If you're ready all the best to you also start it.

Now's recap:
Europe is still observing Easter. Cable keeps falling, although a week's collapse abit eUR/USD retraced. Perhaps my long commerce will get bombed earlier or later.
GBP/JPY did not rise today as expected, so cable lost its power also.
Tomorrow the quantity will probably be back to normal. Time to put some actions.

[housemcm]

Opportunity #G1/07
GBP/USD Long
2 Components
Entrance: 1.9638
Stop (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).

[housemcm]

Opportunity #G1/ /07
GBP/USD Extended
2 parts
Entrance: 1.9638
Stop (initial): 1.9588

Subwave B or 2 up trade.

Update 1: Cable went to 1.9592, 4 pips from the stop (!!) . S/L tightened to 1.9591 (guarantees -47).
Update 2: It struck 23.6% retracement of subwave A or 1 so far. Took 1st gain at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).

[housemcm]

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 from the halt (!!) . S/L tightened to 1.9591 (guarantees -47).
Update 2: It struck 23.6% retracement of subwave 1 or a so far. Took 1st gain at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).
Update 3: Puh, finally can access and place innigeriaforextradinghere (darn lecturer!) . Well, BoJ announcement news pushed cable greater and provided the quantity. Took last benefit at 1.9694 ( 56) and shut the transaction.

Total advantage: 68

[Gusanagui]

Well done, keep the rolling that is pips.

[housemcm]

Well done, keep the pips rolling. Thanks, barak. Only commerce tho the one is a loser lol. Hope not.

Anyhow, last miniature wave (magenta) 5 down for cable is all finished, completed in 1.9592 low. So today subwave (orange) B or 2 retracement is on the anger, with miniature wave A has likely finished. Let us see how cable moves.
https://www.nigeriaforextrading.com/attachments/1518117671.jpg

[Pkny70]

Usd Gbp _ Probable Wave count

End of a wave B Could be upon us ....

Merely a Probabilty .... Not Cast in Stone ! ....
Wave -Counts differ from Person to Person

-This B wave rally is fine and steep, -Just the way that Gann observed it !

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

(2 charts attached)

-------------------------------------------------------------------------
https://www.nigeriaforextrading.com/attachments/1518117690.jpg

[Pkny70]

) Pg 2---------------
https://www.nigeriaforextrading.com/attachments/1518117693.jpg

[housemcm]

Hi marketwavez, thanks for the charts. We agree that this is a period of cable. It's holding close to the top. More push upwards is possible. The notorious 1.9720 resistance could come into play again. Shouldn't have shut my.
Oops, should have do not count yet (thanks to Steviet who published this in his journal before).

[housemcm]

Only 1 transaction thru this weekend, in EUR/USD.
Short
4 components
Entrance: 1.3438
Cease (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).

[p4lmyk21]

Great thread, Traex

I am on the exact same page as you guys that cable is at ABC correction however about that ABC being wave two ? I don't find the uptrend completed yet on the image.
https://www.nigeriaforextrading.com/attachments/1518117681.jpg

[housemcm]

Great thread,

I am on the same page as you men that cable is in ABC correction but how about that ABC being wave 2 ? I don't see the image was completed on by the uptrend. Hello JimboFX, thanks and welcome.
Yeah, uptrend is finished or not for cable, so we don't know yet, only follow what our count has revealed thus far. And let market decide where it's going.

[housemcm]

Opportunity #G2/07
GBP/USD Short
3 parts
Entrance: 1.9745
Discontinue (initial): 1.9795

Mini wave B down or subwave 3 down (unlikely).

[housemcm]

Opportunity #G50/07
GBP/USD Long
3 components
Entry: 2.0308
Stop (initial): 2.0258

Addition 1: 2.0371

End of miniature wave 2 of 5 (?) .

1st gain currently taken at 2.0355 ( 47), S/L already tightened to 2.0300 (guarantees -8).
Update 1: Took 2nd gain at 2.0408 ( 100). S/L tightened to 2.0335 (guarantees 27).
Update 2: Added 1 part in 2.0371 with S/L in 2.0335. S/L tightened to 2.0359 (guarantees 51 -12).

Opportunity #E41/07 (re-entry)
EUR/USD Long
3 components
Entry: 1.4038
Stop (initial): 1.3998

Measure 1: 1.4090

End of subwave A 4 down (?) . Let's try again.

Update 1: S/L tightened to 1.4078 (guarantees 4). Took 1st gain at 1.4124 ( 50). Set TP2 in 1.4174 to get 100.
Update two: Stopped out for 8. Re-entry in 1.4038, stop tightened to 1.4033 (guarantees -5), 1st gain obtained at 1.4084 ( 46).
Update 3: Took 2nd gain at 1.4130 ( 92). S/L tightened to 1.4070 (guarantees 32).
Update 4: Added 1 part in 1.4090, S/L in 1.4070.

[housemcm]

Opportunity #G50/07
GBP/USD Long
3 components
Entry: 2.0308
Discontinue (initial): 2.0258

Addition 1: 2.0371

End of miniature wave 2 of 5 (?) .

1st gain currently taken at 2.0355 ( 47), S/L already tightened to 2.0300 (guarantees -8).
Update 1: Took 2nd gain at 2.0408 ( 100). S/L tightened to 2.0335 (guarantees 27).
Update 2: Additional 1 part at 2.0371 with S/L at 2.0335. S/L tightened to 2.0359 (guarantees 51 -12).
Update 3: Stopped outside for 51 and -12.

Total advantage: 186

Opportunity #E41/07 (re-entry)
EUR/USD Long
3 components
Entry: 1.4038
Discontinue (initial): 1.3998

Addition 1: 1.4090

End of subwave 4 or A down (?) . Let's try again.

Update 1: S/L tightened to 1.4078 (guarantees 4). Took 1st gain at 1.4124 ( 50). Set TP2 at 1.4174 to get 100.
Update two: Stopped outside for 8. Re-entry at 1.4038, stop already tightened to 1.4033 (guarantees -5), 1st gain obtained at 1.4084 ( 46).
Update 3: Took 2nd gain at 1.4130 ( 92). S/L tightened to 1.4070 (guarantees 32).
Update 4: Additional 1 part at 1.4090, S/L at 1.4070.
Update 5: Stopped out at 1.4070 for both 32 and -20.

Total advantage: 208

Alright, confusing wave count now. Out of this marketplace for now.

[Jmoa]

Hi Traex
Was just wondering if you have some counts that see gbpusd coming down to at least one of these places 2.0230, 2.0150, 1.9950? They're the approx daily 200 and 50, 100 do a fantastic job of containing cost and emas.
Regards.

[Alejangmo.M.P]

Hi
I have posted the under probable count a day ago and the lengthier GBP can't break through the more possibility of a C wave ( maybe a significant C tide)
yet nowadays things get more complied. . .also look for GBP/jpy and it's immunity may effect on GU if it will not break in forthcoming days readily...
https://www.nigeriaforextrading.com/attachments/1518148354.jpg

[housemcm]

Opportunity #G52/07
GBP/USD Extended
3 components
Entrance: 2.0274
Cease (initial): 2.0224

End of subwave C of 4 or 2 (?) .

[housemcm]

Hello
Was just wondering in the event that you have some points that see gbpusd coming down to any of these areas 2.0230, 2.0150, 1.9950? They are the approx daily 50, 100 and 200 emas and do a fantastic job of containing cost.
Regards. Hello , the service amount I have here is about 2.0250-260, I don't understand how you get these amounts hmm. Thanks for the infos.


Hello
I've posted the below probable count a day past and the lengthier GBP can not break through the greater chance of a C wave ( maybe a significant C tide)
however nowadays matters get more complex. . .also look for GBP/jpy and it is resistance may impact on GU if it will not break in coming days easily... Yea that is what I am considering too, an alternate count. . However I am sticking to the tide 3 theory for now. Thanks for the graph, king_a.

[housemcm]

Opportunity #G52/07
GBP/USD Long
3 parts
Entrance: 2.0274
Cease (initial): 2.0224

End of subwave C of 4 or two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).

[Jmoa]

Hello , the support amount I have here is around 2.0250-260, I really don't know how you get those numbers hmm. Thank you for the infos.
Just ordinary 50, 100, 200 ema's on the daily chart but its amazing what good supp/res amounts they supply.

I know some years back from the 200 or anything indiors there are that the 200 ema was voted the best by 'professional' traders/fund managers. Like fibs they work since the dogs watch them, who knows?

[Gusanagui]

Bros, plot 39 and 154 sma. Watch out for a knife on dialies. I might be wrong.

[housemcm]

Opportunity #G52/07 (re-entry)
GBP/USD Extended
4 components
Entry: 2.0260
Cease (first): 2.0210

End of subwave C of 4 or even two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped outside for -15, re-entry in 2.0260, first stop at 2.0210.

Targetting 2.0500 by end of week, hope everything is going well.

[housemcm]

Bros, plot 39 and 154 sma. Watch out for a falling knife on dialies. I might be wrong. Well I'm still betting on bullish side. Either 2.08-2.1 or 1.95 are both still on the cards today. Toss the coin.

[housemcm]

Opportunity #G52/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0260
Cease (initial): 2.0210

End of subwave C of 4 or even 2 (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update 2: Stopped outside for -15, re-entry in 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 for 116.

Targetting 2.0500 by end of week, hope all is going well.

[Slmingsumfem82]

Targetting 2.0500 by end of week, hope everything is going well.

Soon I will have to call ya the 'GBPUSD Pitbull' for all the persistence ;p

on the entry, even with the little whiplash.

I must await my own PA, you know how it really is

But with a bit of luck we'll find a wonderful daily PB and maybe all will be well

I believe the market owes us at least 2.0590! ;p

[housemcm]

Opportunity #G52/07 (re-entry)
GBP/USD Extended
4 components
Entrance: 2.0260
Stop (initial): 2.0210

End of subwave C of 4 or two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped out for -15, re-entry at 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 at 2.0376 to get 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).

Targetting 2.0500 by end of week, hope everything is going well.

[housemcm]

Soon I will need to phone ya the 'GBPUSD Pitbull' for all the persistence ;p

on the entrance, in spite of the tiny whiplash.

I have to wait for my PA, you know how it really is

but using a little bit of luck we will find a nice daily PB and perhaps all will be well

I feel the marketplace owes us at least 2.0590! ;p Well actually a 'GBPUSD desperate stone-headed bull' is much better suited.

Alright, now does this look more like a PB? 'Chanting, chanting.'
Hope to see you in for the ride as well if the PB really happens.
Off for the night.

[Slmingsumfem82]

Well really a 'GBPUSD desperate stone-headed bull' is better suited.

Alright, now does it look more like a PB? 'Chanting, chanting.'
Hope to see you in for the ride as well if the PB really occurs.
Off for the night time.

It does really. Already in a couple of testers from 2.0328ish, much too late(the miniature timeframe installation arrived while I was searching) and will observe that I do some thing about getting a true position tomorrow maybe if I'm not years too late then.

That is gonna go really, really fast today if we're right.

Sleep well

[housemcm]

Opportunity #G52/07 (re-entry)
GBP/USD Extended
4 parts
Entry: 2.0260
Stop (initial): 2.0210

End of subwave C of 4 or two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped out for -15, re-entry at 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 at 2.0376 for 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd gain at 2.0450 ( 190). S/L tightened to 2.0310 (guarantees 50).

Targetting 2.0500 by end of week, hope all is going well.

[Slmingsumfem82]

Targetting 2.0500 by end of week, hope all is going well.
I still demand we're shown 2.0590 in least! ;p

After all our anguish!

Hm, just realized I don't have any idea how to place a proper subwave count for 5. III

I.e. I don't know what's 1 and 2. . .actually the whole count is a wreck and proportions and behaviour quite vague to me

I just know the end of that sideway stagger we just had sounds definitely like the end of a 4 to me ;p
https://www.nigeriaforextrading.com/attachments/1518148356.jpg

[housemcm]

I.e. I don't know what is 2 and 1. . .actually the entire count is a mess and proportions and behaviour quite vague to me

I only know the conclusion of that sideway stagger we only had seems definitely enjoy the conclusion of a 4 to me ;p It is really a mess now. I'm guessing that the 1.9880 - 2.0491 wave is a whole wave (1 wave), with 5 sub-waves at a diagonal triangle (ending/leading?) . So here's my best option for now: 1.9651 into 2.0366 was wave 5.1, 2.0366 into 1.9880 wave 5.2, 1.9880 into 2.0491 wave 5.3.1, 2.0491 into 2.0256 (mightn't have completed yet) wave 5.3.2. If this count's true, then 2.08 would be a piece of cake objectives outside 2.1 are not overly far-fetched. Oke, let's not consider far away numbers.

[Slmingsumfem82]

It's indeed a wreck now. I'm guessing that the 1.9880 - 2.0491 wave is a whole wave (1 wave), with 5 sub-waves in a diagonal triangle (ending/leading?) . So here's my best bet for now: 1.9651 into 2.0366 was wave 5.1, 2.0366 into 1.9880 wave 5.2, 1.9880 into 2.0491 wave 5.3.1, 2.0491 into 2.0256 (might not have finished yet) wave 5.3.2. Whether this count's accurate, then 2.08 would be a piece of cake objectives outside 2.1 are not too far-fetched. Oke, let's not consider far away amounts yet.

Hehehehe. . .well yea, that to count, never saw an 2 wave. . .then again I'm clueless about what's allowed in two...I just want something 3ish would seem, right forward sky such and blasting, ya know?
This is just dull. . .and now that the stock markets are diving like nuts I'm getting worried GBPJPY might get hauled into hell and GBPUSD and it....ick.

Already lost far too much ground in the high - not normal.

[housemcm]

Opportunity #G52/07 (re-entry)
GBP/USD Extended
4 components
Entry: 2.0260
Stop (initial): 2.0210

Measure 1: 2.0367

End of subwave C of 4 or two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped out for -15, re-entry in 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 for 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd gain at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Added 1 part in 2.0367, S/L in 2.0317

Targetting 2.0500 by end of week, hope all is going well.

[housemcm]

Hehehehe.. .well yea, that to count never saw such an ugly 2 wave. . .then again I am clueless about what is allowed in two...I only wish something 3ish would appear, straight forward sky blasting and such, ya understand?
That is simply tedious. . .and today that the stock markets are diving like nuts again I am getting worried GBPJPY may get hauled into hell and GBPUSD and it....ick.

Historically dropped far too much ground from the high - maybe not ordinary. It's okay, we simply have to stick to the plan/count we decided and exchange according to it until marketplace demones it wrong (and we shed lol).
Asian markets today are bullish again, prolly US will follow after?

[housemcm]

Opportunity #G52/ /07 (re-entry)
GBP/USD Extended
4 parts
Entry: 2.0260
Stop (initial): 2.0210

Measure 1: 2.0367

End of subwave C of 4 or even two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped outside for -15, re-entry in 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 for 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd gain at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Added 1 component in 2.0367, S/L in 2.0317
Update 7: S/L tightened to 2.0345 for Addition 1 (guarantees -22).
Update 8: S/L tightened to 2.0360 for Addition 1 (guarantees -7) and 2.0345 for first trade (guarantees 85).

Targetting 2.0500 by end of week, hope all is going well.

[housemcm]

Opportunity #G52/07 (re-entry/2nd effort)
GBP/USD Long
3 components
Entry: 2.0340
Stop (first): 2.0290

Measure 1: 2.0367 (ceased)

End of subwave C of 4 or 2 (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update 2: Stopped outside for -15, re-entry in 2.0260, first stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 to get 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd gain at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Additional 1 part in 2.0367, S/L in 2.0317
Update 7: S/L tightened to 2.0345 for Addition 1 (guarantees -22).
Update 8: S/L tightened to 2.0360 for Addition 1 (guarantees -7) and 2.0345 for original trade (guarantees 85).
Update 9: Stopped outside for -7 and 85. Re-entry again in 2.0340, first stop at 2.0290. S/L tightened to 2.0333 (guarantees -7).

Targetting 2.0500 by end of week, hope everything is going well.

[Slmingsumfem82]

Cable must really hate us

[housemcm]

Opportunity #G52/07 (re-entry/last attempt)
GBP/USD Long
3 parts
Entry: 2.0327
Stop (first): 2.0290

Measure 1: 2.0367 (ceased)

End of subwave C of 4 or 2 (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update 2: Stopped outside for -15, re-entry at 2.0260, first stop at 2.0210.
Update 3: Took 1st profit at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 at 2.0376 to get 116.
Update 4: Took 2nd profit at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd profit at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Added 1 part at 2.0367, S/L at 2.0317
Update 7: S/L tightened to 2.0345 for Addition 1 (guarantees -22).
Update 8: S/L tightened to 2.0360 for Addition 1 (guarantees -7) and 2.0345 for original trade (guarantees 85).
Update 9: Stopped outside for -7 and 85. Re-entry again at 2.0340, first stop at 2.0290. S/L tightened to 2.0333 (guarantees -7).
Update 10: Stopped out again for -21. Final re-entry at 2.0327, first stop at 2.0290. Falling further would bring Cable back to ~2.0200 and we can forget about 2.0500.

Targetting 2.0500 by end of week, hope all is going well.

[housemcm]

Opportunity #G52/07 (re-entry/last attempt)
GBP/USD Extended
3 components
Entrance: 2.0327
Stop (first): 2.0290

Addition 1: 2.0367 (stopped)

End of subwave C of 4 or 2 (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update 2: Stopped out for -15, re-entry in 2.0260, first stop at 2.0210.
Update 3: Took 1st profit at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 to get 116.
Update 4: Took 2nd profit at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd profit at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Added 1 part in 2.0367, S/L in 2.0317
Update 7: S/L tightened to 2.0345 for Addition 1 (guarantees -22).
Update 8: S/L tightened to 2.0360 for Addition 1 (guarantees -7) and 2.0345 for original trade (guarantees 85).
Update 9: Stopped out for -7 and 85. Re-entry again in 2.0340, first stop at 2.0290. S/L tightened to 2.0333 (guarantees -7).
Update 10: Stopped out again for -21. Final re-entry in 2.0327, first stop at 2.0290. Falling farther would bring Cable back to ~2.0200 and we can forget about 2.0500.
Update 11: Took 1st profit at 2.0373 ( 46). S/L tightened to 2.0320 (guarantees -7).

Targetting 2.0500 by end of week, hope all is going well.

[Slmingsumfem82]

Well, at least we now have a line in the sand

This really is the conclusion of whatever_impulse_is_coming.2 now and the start of 3

Ugly horrible mess, this. .

[housemcm]

Opportunity #G52/07 (re-entry/last effort)
GBP/USD Extended
3 parts
Entrance: 2.0327
Discontinue (initial): 2.0290

Measure 1: 2.0367 (ceased)

End of subwave C of 4 or two (?) .

Update 1: S/L tightened to 2.0269 (guarantees -5).
Update two: Stopped outside for -15, re-entry in 2.0260, initial stop at 2.0210.
Update 3: Took 1st gain at 2.0312 ( 52). S/L tightened to 2.0256 (guarantees -4). Set TP2 in 2.0376 for 116.
Update 4: Took 2nd gain at 2.0365 ( 105). S/L tightened to 2.0270 (guarantees 10).
Update 5: Took 3rd gain at 2.0450 ( 190). S/L tightened to 2.0317 (guarantees 57).
Update 6: Added 1 component in 2.0367, S/L in 2.0317
Update 7: S/L tightened to 2.0345 for Addition 1 (guarantees -22).
Update 8: S/L tightened to 2.0360 for Addition 1 (guarantees -7) and 2.0345 for first trade (guarantees 85).
Update 9: Stopped outside for -7 and 85. Re-entry again in 2.0340, initial stop at 2.0290. S/L tightened to 2.0333 (guarantees -7).
Update 10: Stopped out again for -21. Final re-entry in 2.0327, initial stop at 2.0290. Falling further would bring Cable back to ~2.0200 and we could overlook 2.0500.
Update 11: Took 1st gain at 2.0373 ( 46). S/L tightened to 2.0320 (guarantees -7).
Update 12: Stopped out again for -14. Count is cluttered, can not even figure it out anymore. If it goes to 2.05 tomorrow, then I'll probably be a watcher only. Unexpected carry unwind as well tonight, together with the stocks falling not following the Asians. Off.

Targetting 2.0500 by end of week, hope everything is going well.

Total gain: 421

[Llkammm93]

Hello Tra-X,

I Am attempting to learn as much as I Could from you. Your awesome trading document speaks for itself. I'm not there yet, but I hope to be by following along from the current, and analyzing your transactions in the journal. I must acknowledge that without charts I'm totally lost as to what your count is. If you can post an occasional graph -- only a few more than you do -- it will help people.

I am using trendlines and fibonacci lines, and now thanks to youpersonally, I'm analyzing Elliott Waves. I had very much like your view which I marked up. By this count, it might suggest we struck a peak for GU in July. However, with the drop in US interest rates vs. GBP, it may of course lend new life into the uptrend.

But, the present pattern resembles a 5th Wave Failure pattern described at: http://www.acrotec.com/elliottwave/ew4.jpg

inside this kind of pattern, the last crimson count of 5 in my graph has a 4 that goes beneath the end of 1, which isn't normally allowed.

Anyhow, for what it is worth, here is my EW count. As I am learning EW (!) I would very much welcome comments. (I did not mark all of the a-b-c corrections, nor some of the tiniest 1-2-3-4-5 waves, but I attempted to be aware of them as I placed the higher interval counts).

Pips4life

P.S. I could really use advice on where to Find out More about EW. I ordered Prechter's book Elliott Wave Principals, and I found these Helpful web sites so much:

http://www.acrotec.com/ewt.htm
http://trading-stocks.netfirms.com/elliot-wave.htm

http://www.trending123.com/seminar2/Impulsive-Waves-Stock-Charts.html

http://www.trending123.com/seminar2/Corrective-Waves-Stock-Charts.html
https://www.nigeriaforextrading.com/attachments/1518147910.jpg

[Llkammm93]

But, the current pattern resembles a 5th Wave Failure pattern described: http://www.acrotec.com/elliottwave/ew4.jpg Oops. Instead of a 5th Wave faking pattern, I meant to say it was the other pattern shown at the same URL above:
(b) Diagonal Triangle in Wave 5

Occasionally, the momentum in Wave 5 is so feeble that the 2nd and 4th sub-waves overlap with one another and evolved into diagonal triangle.

[Gusanagui]

Opportunity #G52/07 (re-entry/last attempt)
Update 12: Stopped out again for -14. Wave count is too messy, can not even figure out it . If it goes to 2.05 tomorrow, I will probably be a watcher only. Unexpected carry unwind also tonight, with the shares falling, apparently not following the Asians. Off.

Targetting 2.0500 by end of week, hope everything is going well.

Total gain: 421 Bro, ur a monster pip machine ( 421), taking into consideration the range GBPUSD is in since 29Sep07 till today. Have a fantastic rest.

[Jmoa]

Hello Traex
Was just wondering if you have some points that see gbpusd coming down to at least one of these areas 2.0230, 2.0150, 1.9950? They're the approx daily 50, 100 and 200 emas and do a fantastic job of containing cost.
Regards. Yet again another fantastic week, nicely done.

I'll be interested to see how your pockets go for cable. In the end cost hit on the 50 ema (daily chart) and bounced well which hopefully means a push up next week, we'll see.

Regards.

[housemcm]

Thanks peeps.
Pips4life, I recognized that wave counts in large tf do not matter how much anymore because I trade smaller tf. As Jacko stated in his thread, following the trend is important. But imho the longer term count in cable is not clear today, there are double-layered 5th wave extensions up here I wager. Thank you for your wave graph.

Weekly review:

Total trades closed = 3, winners = 3, no failure
Net gain this week 815

No transaction open thru this weekend.

[housemcm]

Cable boosted up but then dived and regained halfway up at closing. This up and down I labeled because subwave (orange) C and B of wave (red) 2. Now, prolly wave (red) 3 upward of larger wave 3 has only started, this wave might aim at least above 2.08. Next upside targets after 2.05 are this year's leading 2.0650 area, ~2.0740 area, then above 2.08. A break of 2.0493 is necessary for new urge up confirmation.
https://www.nigeriaforextrading.com/attachments/1518147913.jpg

[housemcm]

EUR/USD has prolly completed its subwave (orange) 4 down and now in final impulse subwave 5 upward. In case it fails and goes down, then it is going to be labeled as mini wave (magenta) B of 4 rather. Like at the start of this month, it still has ability to muster until ~1.48 this month. Will the market take the space?
https://www.nigeriaforextrading.com/attachments/1518147915.jpg

[housemcm]

Alright, GBP/JPY so far resumed its uptrend, driven largely by USD/JPY (this set still hasn't attained 118.00 yet, dang). Next major target at 241.46 (ancient year's leading, left shoulder weekly graph) remains to be struck. Still looks like a creation of HS in each week graph. Dealers are carried by c'mon, break it!

Good luck to everyone next week and Happy Aidil Fitri celebration to all muslims.
https://www.nigeriaforextrading.com/attachments/1518147918.jpg

[Slmingsumfem82]

EUR/USD has prolly finished its subwave (orange) 4 down and now in final urge subwave 5 upward. In case it fails and goes down, it is going to be labeled as mini wave (magenta) B of 4 instead. Like in the beginning of this month, it still has power to rally till ~1.48 this month. Will the market afford the space?



Same thoughts here. Here is the big picture I have(wave 3 lined soooo perfectly. . .should are more watchful. .) :
https://www.nigeriaforextrading.com/attachments/1518147920.jpg

[Slmingsumfem82]

Cable boosted up but then dived and recovered halfway up at close. This up and down I tagged as subwave (orange) C and B of wave (red) 2. Now, prolly wave (red) 3 up of bigger wave 3 has only started, this wave might target at least above 2.08. Next upside targets following 2.05 are this year's leading 2.0650 place, ~2.0740 place, then above 2.08. A break of 2.0493 is needed for new impulse up affirmation.

I am a bit more clueless here as it's so fuzzy and noisy..however I will lineup that 2.08 area, also, with a few extensions
https://www.nigeriaforextrading.com/attachments/1518147921.jpg

[Ainamanama]

There's nothing besides this consolidation period in Cable, very confusing!

[housemcm]

Opportunity #G53/07
GBP/USD Long
3 parts
Entrance: 2.0345
Stop (initial): 2.0295

End of subwave 2 of 3 (?) .

Opportunity #J8/07
USD/JPY Long
3 parts
Entrance: 116.49
Stop (present): 116.44

End of subwave 4 of C or 3 (?) .

Already took 1st profit at 116.87 ( 38).

[Gusanagui]

Bro, I believed you're resting for some time, looks like you have patience and you're only waiting at the ideal time to input! Sniper trader.

[housemcm]

Opportunity #G53/07
GBP/USD Extended
4 components
Entrance: 2.0345
Stop (first): 2.0295

End of subwave 2 of 3 (?) .

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.

[housemcm]

Opportunity #G53/07 (re-entry)
GBP/USD Extended
4 components
Entry: 2.0321
Stop (first): 2.0271

End of subwave 2 of 3 (?) .

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry in 2.0321, first stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).

[housemcm]

Opportunity #E41/07
EUR/USD Long
3 parts
Entrance: 1.4156
Cease (first): 1.4116

End of miniature wave 2 of 5 (?) .

[Slmingsumfem82]

Alright, GBP/JPY thus far declared its uptrend, powered largely by USD/JPY (this pair still hasn't reached 118.00 yet, dang). Next important target at 241.46 (ancient year's top, left shoulder in weekly graph) remains to be hit. Still looks like a creation of HS in graph. C'mon carry traders, break it!
I'd REALLY love to hear your opinion on this super-simple count attempt.

No rush however, finish your trades first.

The previous two tops seem like possibly waves 5 and 3 of the big wave 3 and I am playing on the situation of the past unwind low being either 4 or only an A.

We are right in the .618, which makes bearish indiions and at that shoulder you already mentioned. So this COULD become an B, no?

Straightforward correction, ABC for big wave 4?

Just would really like to hear whether this is completely impossible or feasible from the perspective...I am viewing this as possibly likely IF the DJI keeps dropping. The dilemma is that this would probably abort GBPUSD somewhat early, because I can not see while GJ rockets downwards GU producing new highs independently. . .but who understands.
https://www.nigeriaforextrading.com/attachments/1518144554.jpg

[housemcm]

I'd REALLY like to hear your view with this super-simple count effort. The correction on Aug in GBP/JPY has hit slightly beyond 50 percent retracement of the big wave 3 up. It is unlikely it would go in the event the correction was large wave 4. Beyond that, it would be quite questionable whether it is large or wave 4 a new impulse down. The HS goal is190.00 tho if it succeeds, scary.

[housemcm]

Opportunity #GJ8/07
GBP/JPY Extended
3 components
Entrance: 235.98
Stop (first): 235.18

End of miniature wave A of 4 (?) .

S/L already tightened to 235.90 (guarantees -8).

[housemcm]

Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entrance: 2.0321
Stop (initial): 2.0271

End of subwave 2 of 3 (?) .

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update two: Stopped out for -18. Re-entry in 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Update 3: Took 1st profit at 2.0378 ( 57). S/L tightened to 2.0305 (-16).
Update 4: Stopped out for -48.

Total gain: -9

Opportunity #J8/07
USD/JPY Long
3 parts
Entrance: 116.49
Discontinue (current): 116.44

End of subwave 4 of C or 3 (?) .

Already took 1st profit at 116.87 ( 38).

Update 1: Stopped out for -10.

Total gain: 28

[housemcm]

Opportunity #GJ8/07
GBP/JPY Long
3 parts
Entrance: 235.98
Cease (initial): 235.18

End of miniature wave A of 4 (?) .

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st gain at 236.90 ( 92). S/L tightened to 236.20 (guarantees 22).

[housemcm]

Opportunity #GJ8/07
GBP/JPY Extended
3 components
Entry: 235.98
Cease (initial): 235.18

End of mini wave A 4 (?) .

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st gain at 236.90 ( 92). S/L tightened to 236.20 (guarantees 22).
Update 2: Took 2nd gain at 238.25 ( 227). S/L tightened to 237.30 (guarantees 132).

[Slmingsumfem82]

Entrance: 235.98

End of mini wave A of 4 (?) .
Oh my

Should you reverse just right and ride down C as well I will be speechless ;p

And I believed you only conduct .618s! Now here you're at .382s!

[housemcm]

Opportunity #E41/07
EUR/USD Long
3 components
Entry: 1.4156
Stop (first): 1.4116

End of mini wave 2 of 5 (?) .

Update 1: Took 1st profit at 1.4194 ( 38). S/L tightened to 1.4150 (guarantees -6).
Update two: S/L tightened to 1.4179 (guarantees 23).

[housemcm]

Oh my

If you reverse just right and ride C down as well I'll be speechless ;p

And I believed you only conduct .618s! Here you are at .382s! That would be mad. But I see a upward in GBP/JPY, or is it just my imagination?

Phew, that EUR/USD didn't reach my TP2 range at around 1.4250.

[Slmingsumfem82]

That'd be crazy. But I see a comprehensive 5-wave up in GBP/JPY, or is it just my imagination?

Phew, that EUR/USD didn't reach my TP2 range at around 1.4250. Hm, well I'm all alright with this being a 2 rather than a B

I'm short both UJ and GJ again now

When it works, I'll see USDJPY commerce 109 and then 107(and whatever GJ goes to afterward), if not, then oh well

[housemcm]

Opportunity #GJ8/07
GBP/JPY Long
3 components
Entrance: 235.98
Cease (initial): 235.18

End of miniature wave A of 4 (?) .

S/L already tightened to 235.92 (guarantees -6).

Update 1: Took 1st profit at 236.90 ( 92). S/L tightened to 236.20 (guarantees 22).
Update 2: Took 2nd profit at 238.25 ( 227). S/L tightened to 237.30 (guarantees 132).
Update 3: Stopped out for 132. That's it for now I guess.

Total gain: 451

[Slmingsumfem82]

Btw, as you mentioned that a 5 count, I tried to recount USDJPY again...I feel really quite lost, but this is my current attempt...

Please inform me if you feel I'm overdoing the posting a bit, I do not want to swamp your journal


Simply constantly looking for some information / comment on the EW things =-RRB-


UJ / GJ / xxxJPY looking good here so far

It(GJ) reversed right smack dab on that .618 you like so much, also! =-RRB-

P.S. There's sposed to be a squat over that shirt right 5 in 5 V, but oddly it isn't showing

However, you get the notion I wager!
https://www.nigeriaforextrading.com/attachments/1518144556.jpg

[housemcm]

Btw, since you mentioned a 5 count, I tried to recount USDJPY again...I'm very quite lost, but that is my current effort... There's a reason I stopped posting USD/JPY count for some time, you're not alone.
Here is my longterm count for this particular pair, so I don't presume the 108 - 124 rally as a 1-2-3-4-5 wave, but an A-B-C. The thing for me today, where is the base of orange wave C (and reddish wave 2)? Already formed at 111 in August or still down another wave? Terrible thing is this count remains valid until it breaks 101 low.
https://www.nigeriaforextrading.com/attachments/1518144558.jpg

[housemcm]

Opportunity #E41/07
EUR/USD Extended
3 parts
Entrance: 1.4156
Cease (first): 1.4116

End of mini wave 2 of 5 (?) .

Update 1: Took 1st gain at 1.4194 ( 38). S/L tightened to 1.4150 (guarantees -6).
Update two: S/L tightened to 1.4179 (guarantees 23).
Update 3: Took 2nd gain at 1.4252 ( 96).

[Gusanagui]

Opportunity #E41/07
EUR/USD Long
3 parts

Update 3: Took 2nd profit at 1.4252 ( 96). Bro, seems like Mac won't do the cut to get our lunch tomor, aye, Jest? Perhaps crystal jade would be useful.

j/k, grats on the counts.

[housemcm]

Opportunity #E41/07
EUR/USD Extended
3 components
Entrance: 1.4156
Stop (initial): 1.4116

End of miniature wave 2 of 5 (?) .

Update 1: Took 1st gain at 1.4194 ( 38). S/L tightened to 1.4150 (guarantees -6).
Update two: S/L tightened to 1.4179 (guarantees 23).
Update 3: Took 2nd gain at 1.4252 ( 96).
Update 4: Took last profit at 1.4309 ( 153). Trade is shut.

Total gain: 287

[guhebokes]

Outstanding Job!! Traex

[housemcm]

Bro, seems like Mac will not do the cut for our lunch tomor, aye, Jest? Maybe crystal jade would be useful.

j/k, grats on the counts. Thanks man. . Lol yea lettomorrow's meet.


Outstanding Job!! Thanks and welcome, viat.

[Slmingsumfem82]

End of miniature wave 2 of 5 (?) .


Update 4: Took last profit at 1.4309 ( 153). Trade is shut.
Waitwaitwaitwait. . .end of miniature wave two, right? So wave 3? Is not the minute target for this in LEAST 1.4365 ish?
Did I count/project wrong?
Why are you all shut? Where'd I go wrong?

And how do you manage to squeeze the high to the very last pip, critically

I am jealous!

[Bomna]

Hi Traex,

Here is my attempt on the UJ daily graph. It seems like that we're in the C of this wave 2. It could stop at 50% of the tide 1 round 114.50 area. The line service will also be there according to my graph that is FXDD. We'll see what occur.

Ken
https://www.nigeriaforextrading.com/attachments/1518143746.jpg

[Slmingsumfem82]

Heya, just wanted to present my finest updated guess for GPBUSD

I believe if we carry out 2.06 strongly enough there's really nothing much that could stop us from visiting 2.08 eventually as another larger wave target..but heck, trade what you see, not what you believe, right?

Just looking for a thumbs up, really
https://www.nigeriaforextrading.com/attachments/1518143774.jpg

[housemcm]

Heya, just wanted to give my finest updated guess for GPBUSD

I believe if we take out 2.06 ardently enough there is really nothing much that can prevent us from going to 2.08 eventually as the next bigger wave target..but hell, commerce everything you see, not everything you believe, right?

Just searching to get a thumbs up, really Well, EUR/USD is still on track to get a surprise leap to 1.48 by end of month? (lol) It's abit too optimistic tho. 1.4220-230 seems to be a good point to buy again, let's see next week. Gratz again in your own transactions, .

With this cable dude, it has broken the early month's shirt so that it opens more chance to go to that long-awaited 2.08 . Mini wave 3 up now? Or subwave 5 enjoy on your chart.

[housemcm]

Hi ,

This is my try on the UJ daily chart. It seems like that we're in the C of this wave two. It might stop at 50% of the wave 1 round 114.50 area. The uptrend line service will also be there according to my chart that is FXDD. We'll see what occur.

Ken Hi Ken, wow you place wave B up there, means it's a really distinctive correction (irregular horizontal with a very enlarged B). Waves such as those I do rely on them like that, although it's tho that is possible. Waiting to establish it. Thanks for the chart.

Enjoy your weekend everyone.

[Llkammm93]

Hi Traex,

I am still admiring your abilities... and honing my own. I am seeing far more trades but having difficulty pulling on the trigger.

Say, on your exit from EURUSD (TP3), as asked, how can you figure out how to choose the exact summit (before a multi-hour retrace) to sell? Seriously... I am wondering whether there was a trendline, or a specific fibo projection, or ?? You're so good at picking entries/exits, maybe you simply have good psychic abilities in addition to analytical abilities... lol.


Enjoy a great weekend too.

Pips4life

[Slmingsumfem82]

Say, on your departure from EURUSD (TP3), as requested, how did you manage to decide on the exact summit (before a multi-hour retrace) to sell? Seriously... I'm wondering if there was a trendline, or a particular fibo projection, or even ?? You are so good at choosing entries/exits, perhaps you simply have great psychic skills as well as analytical skills... lol. I had this one still drawn in my graph. . .bounced off of it three times back. . .just saying, that's there ;p

But Traex prolly counted the mini-waves in mini-waves, right? (wish I could do this)

Enjoy a great weekend everybody and thanks for the input Traex! I'm going to my bed tonight chanting 2.08, 2.08, 2.08!
https://www.nigeriaforextrading.com/attachments/1518143758.jpg

[housemcm]

Say, in your departure from EURUSD (TP3), as asked, how did you figure out how to decide on the VERY peak (prior to a multi-hour retrace) to sell? Seriously... I am wondering if there was a trendline, or a specific fibo projection, or even ?? You are so very good at picking entries/exits, perhaps you just have good psychic skills as well as analytical skills... lol. Hi pips4life, it's as said above, I use very mini waves for the departure. Furthermore it was inside my TP3 goal range (a fracture above 1.4300). No trendline up here in my chart tho.

[housemcm]

Weekly review and review:

Total trades closed = 4, winners = 3, loser = 1
Total gain in winners = 766, total loss in loser = 9
Net gain this week = 757

USD selling made most of the moves, with EUR/USD and Cable still on their way upwards and USD/JPY downwards. GBP/JPY's HS creation in per week is becoming a threat, hope it'd turn upwards in the middle and would not lead to a recession (or perhaps crisis) in Asia again.

Good luck to everyone.
https://www.nigeriaforextrading.com/attachments/1518143776.jpg
https://www.nigeriaforextrading.com/attachments/1518143778.jpg
https://www.nigeriaforextrading.com/attachments/1518143780.jpg

[housemcm]

Opportunity #J9/ /07
USD/JPY Long
3 parts
Entrance: 113.60
Cease (first): 113.25

End of miniature wave B or 2, gap trade.

Opportunity #GJ10/07
GBP/JPY Long
3 parts
Entrance: 232.70
Cease (first): 232.24

End of miniature wave B or 2, gap trade.

[Slmingsumfem82]

Hey, just wanted to pop in and ask if if GBPUSD's 2.024 consolidation low is removed, will that then make 2.055 the aborted Wave 5 and mark a new tide down / correction?

I'm running out of excuses to pretend GBPUSD may really get somewhere higher if it falls past this .618 at around 2.0355 and since I anticipate GJ to return to 220 and below eventually, it's getting tricky

[housemcm]

Opportunity #G54/07
GBP/USD Long
3 parts
Entry: 2.0356
Stop (first): 2.0306

End of miniature wave 2 or 4 (?) .

Opportunity #E42/07
EUR/USD Long
3 parts
Entry: 1.4206
Stop (first): 1.4166

End of miniature mini wave 2 of 3 (?) .

[housemcm]

Opportunity #GJ10/ /07
GBP/JPY Long
3 parts
Entry: 232.70
Stop (first): 232.24

End of miniature wave B or 2, gap commerce.

Update 1: This was fast killing lol. Out for -138.

Total gain: -138

[housemcm]

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

End of miniature wave 2 or B, gap commerce.

Update 1: Took 1st gain at 114.06 ( 46). S/L tightened to 113.55 (guarantees -5).

[housemcm]

Opportunity #G54/07
GBP/USD Long
3 parts
Entrance: 2.0356
Stop (first): 2.0306

End of miniature wave 2 or 4 (?) .

Update 1: Full setback for -150.

Total gain: -150

Opportunity #E42/07
EUR/USD Long
3 parts
Entrance: 1.4206
Stop (first): 1.4166

End of miniature mini wave 2 of 3 (?) .

Update 2: Also complete blow for -120.

Total gain: -120

Not a day to trade, definitely.

[housemcm]

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.

[Slmingsumfem82]

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

[housemcm]

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.

[Slmingsumfem82]

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

[Pkny70]

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)
https://www.nigeriaforextrading.com/attachments/1518119680.jpg

[Pkny70]

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)
https://www.nigeriaforextrading.com/attachments/1518119683.jpg

[Pkny70]

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
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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 !
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You get what you pay for in life ....

Cheaper isn't Better ....

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[Slmingsumfem82]

That is an Opinion of This Gbp/Usd

Can these 2 lows hold for the rest of this week ?
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(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
https://www.nigeriaforextrading.com/attachments/1518119685.jpg

[Pkny70]

Gbp/Usd
(Longer Expression Views) Daily Bars
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Double click on Graph to enlarge
https://www.nigeriaforextrading.com/attachments/1518119688.jpg

[jokhy908]

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

[Slmingsumfem82]

This thread turned into an analysis thread instead of the dude's diary lol Lord, I'd hope not. . .can't stand those...I simply believe Traex is the most available / capable guy I will ask about the insanity I put on some of my charts ;p

(Sorry marketwavez, you're simply too busy I guess, tried getting your thoughts on stuff a while ago although ;p)

There really are few Elliot Wave sanctuaries with individuals that actually have an idea. . .but Traex does(that you are able to tell fairly quickly), therefore I asked nicely for some guie and I'm hoping to tag along and find out a bit from him since he's got it down =-RRB-

Please, no analysis thread mutations

[vampimila4u]

Hello, would be this count possible?
https://www.nigeriaforextrading.com/attachments/1518119691.jpg

[copycal91]

Hello Trader,

With how quiet this page was I am
assuming everyone has figured out that the
tide counts and are just waiting for the move. Https://www.nigeriaforextrading.com/attachments/1518119693.png

I do not know about you guys, I see a big wreck.
Desires a fantastic move to help clear it up some.

Watching that 1.4347 2.0558, believing they
could hold. Let us see, anyway, fantastic pip hunting
to all.

[Llkammm93]

Hey Tra-X,

It's way too quiet. We are missing you! So that you had bigger stop losses on Monday, for example, oh, say another 100 pips maybe... ah well. (Geez, I could not stomach giant S/L's to remain in the transactions, so I am just joking with you). Not one of the better days I am sure. However prices have all come back and much more.

Wish we'd your own insights. If I can spot the same things you're able to see 16, I want to find out.

GJ is narrowing at a symmetrical triangle. Could be a big breakout activity coming shortly... which leadership??


Pips4life

[housemcm]

Opportunity #J9/ /07
USD/JPY Extended
3 parts
Entrance: 113.60
Cease (initial): 113.25

End of miniature wave 2 or B, gap commerce.

Update 1: Took 1st gain at 114.06 ( 46). S/L tightened to 113.55 (guarantees -5).
Update two: Took 2nd gain at 114.47 ( 87). S/L tightened to 114.16 (guarantees 56). Unbelievable that this one trade survives lol.
Update 3: Stopped out for 56.

Total gain: 189

Weekly evaluation:
Total trades closed = 4, winner = 1, losers = 3 (ouch!)
Total profit in winner = 189, absolute declines in winners = -408
Net profit this week -219

No short-term commerce available thru this weekend.

[housemcm]

A sudden week for wave transactions, wrong short-term counts were noted and revised.
EUR/USD had an extremely irregular flat miniature wave (magenta) 2 correction (current hypothesis) and currently in miniature wave 3 up. 1.4350 target area has been exceeded, next targets are 1.4450 and 1.4550 regions (minor), 1.4650 and 1.4800 regions (important).
Cable also dived to complete its subwave (orange) C (revised from its preceding count at 2.0245 bottom couple of weeks ago), went up as subwave 1 and now possibly in subwave two correction. Levels at 2.0450 and 2.0400 are to be watched as possible end of subwave 2. Next upside targets following 2.0600 area are 2.0650 (preceding top), 2.0730, then above 2.0800 areas.
GBP/JPY and USD/JPY have uncertain counts.

Good luck to everyone.

NB: Looks like most of you already have the Cable count in medium-long term as big wave B up finishing and going to change into big wave C down to possibly 1.9500-600 area again soon.
https://www.nigeriaforextrading.com/attachments/1518119695.jpg
https://www.nigeriaforextrading.com/attachments/1518119697.jpg

[Llkammm93]

Hi Tra-X,

If GU is going down, as most believe, that will pull down GJ also. I have done some long-term GJ counts, and there's a credible scenario that GJ is heading down to 213 - 204 range today (a C tide).

I have read Prechter's book today (once) since you inspired me to start looking into EW waves. I'll provide these long term graphs for your own consideration, although I know you concentrate more on short-term prospects. I am still only learning EW, so I'd welcome any feedback whatsoever...

The alignment of Fib lines from the beginning of major wave 1 is remarkable. Based on the most recent GJ action, the beginning of a C wave down, I proposed that a target downwards and it lines up perfectly with a 61.8% retracement in ~213. In case it goes even further, it might hit the 76.4 or near, at ~205.60 into 203.88.


Thanks,
Pips4life
https://www.nigeriaforextrading.com/attachments/1518119700.jpg
https://www.nigeriaforextrading.com/attachments/1518119705.jpg

[housemcm]

Opportunity #G54/07
GBP/USD Short
3 parts
Entry: 2.0550
Stop (first): 2.0600

End of miniature wave B of subwave 2 (?) . Gap trade.
Establish TP1 at 2.0505 to get 45. S/L will proceed to 2.0555 once cost hits 2.0520.

[housemcm]

Opportunity #G54/07
GBP/USD Short
3 components
Entrance: 2.0550
Stop (first): 2.0600

End of miniature wave B of subwave 2 (?) . Gap trade.
Establish TP1 at 2.0505 for 45. S/L will move to 2.0555 once price hits 2.0520.

Update 1: Stopped out for -150 again.

Total advantage: -150

Opportunity #G55/07
GBP/USD Extended
3 components
Entrance: 2.0570
Discontinue (first): 2.0520

Already took 1st profit at 2.0651 for 81, S/L tightened to 2.0574 (guarantees 4).

Update 1: Establish TP2 at 2.0720 for 150.

Opportunity #E44/07
EUR/USD Extended
3 components
Entrance: 1.4377
Discontinue (first): 1.4337

Already took 1st profit at 1.4414 for 37, S/L tightened to 1.4380 (guarantees 3).

Update 1: Establish TP2 at 1.4467 for 90.

Might prolly be my past trades until ex finish next month.

[housemcm]

The alignment of Fib traces from the beginning of major wave 1 is remarkable. Based on the latest GJ action, the beginning of a C wave down, I proposed that a target and it lines up perfectly with a 61.8% retracement at ~213. If it goes even farther, it might hit the 76.4 or near, at ~205.60 into 203.88. Hello pips4life,
GBP/JPY aversioners and carry traders are fighting for their life now I guess. I'm looking forward for transport traders to acquire. This hypothesized wave C is favored among people tho. Passing 219, and we'd have HS target at 190 area.

[Jmoa]

Might prolly be my past trades until examinations finish next month. All of the best then for your trade and the examinations!!

[housemcm]

All the best then for your trade as well as the examinations!! Thank you, . All the best to your transactions too.

[Slmingsumfem82]

Opportunity #G55/07
GBP/USD Extended
3 components
Entrance: 2.0570
Cease (initial): 2.0520

Already took 1st gain at 2.0651 to get 81, S/L tightened to 2.0574 (warranties 4).

Update 1: Establish TP2 in 2.0720 to get 150.

May prolly be my past trades until ex finish next month.
Fingers crossed for 1.46, 2.08 and also a grade tests

Took some time, but seems we finally obtained here(cable)...

Take care,

[Slmingsumfem82]

Simply could not resist posting one count attempt

Could be we did 1-2 / 1-2 and are now starting to enter the 3. . .we'd have targets that are high. .

Looking at this whole big shebang as a portion of another really major impulse and entering the final phases with this last piece possibly being either a 5 of a 3 or a genuine 5 forming. Some decent trending on GBPUSD will be fine again for once, even though only for 2-400 pips.

I always am unsure which pattern that looks like a 1-2 really is one and that one is your subwave of the next 3 coming in turn. . .never know how to distinguish those. .
https://www.nigeriaforextrading.com/attachments/1518119303.jpg

[housemcm]

Opportunity #G55/07
GBP/USD Extended
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 Extended
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).

May prolly be my last trades until examinations finish next month.

[housemcm]

I'm unsure which pattern which looks like a 1-2 really is one and that one is your subwave of the next 3 coming from turn. . .never know how to differentiate those. . The count in graph looks great, only I still can not see the tide III, its own sub-waves 1,3, and 5 impulses inside each don't seem to possess their 5 sub-sub-waves, for example its sub-wave 5 (1.9183 - 2.0652) appears to have only 3 waves indoors (A-B-C at a bullish flag). Well doesn't matter much tho. Reaching 2.0800, so close.

[housemcm]

Opportunity #G55/07
GBP/USD Long
3 parts
Entry: 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: Establish TP2 at 2.0720 to get 150.
Update two: TP2 was hit ( 150). S/L tightened to 2.0710 (guarantees 140).
Update 3: Took last profit at 2.0808 ( 238). Trade is shut and reversed.

Total advantage: 469

Opportunity #G56/07
GBP/USD Short
3 parts
Entry: 2.0808
Stop (current): 2.0814

End of mini wave 3 or 5 (?) .

[housemcm]

Opportunity #G56/07
GBP/USD Short
3 components
Entrance: 2.0808
Discontinue (current): 2.0814

End of miniature wave 5 or 3 (?) .

Update 1: LOL, stopped out for -18. What a dumb attempt.

Total advantage: -18

Opportunity #E44/07
EUR/USD Extended
3 components
Entrance: 1.4377
Discontinue (initial): 1.4337

Already took 1st gain at 1.4414 to get 37, S/L tightened to 1.4380 (guarantees 3).

Update 1: Establish TP2 at 1.4467 for 90.
Update 2: TP2 was struck ( 90). S/L tightened to 1.4432 (guarantees 55).

[Slmingsumfem82]

Trade is shut and reversed.


End of mini wave 5 or 3 (?) .
Hmz. . .well I've 2.0820 as a possible (subsubsubsubsubsubsub)wave 3 ending, yes. . .but to exchange the shed... :o

Nicely done on the near futureterm!

[Slmingsumfem82]

1 Attachment(s) So, 2.12, huh...

Just a large monthly count attempt...I think it works out quite well, but you like to count those lumps (3.3 / 3.5) otherwise I think. . .nonetheless, the interesting bit is the impulse. . .the 5

Targets for that is what interests us all of the maximum, no?

We struck on the normal one at the 2.07xx. . .the next one HAS to be higher out to conform to the projection. . .otherwise I'm just plain wrong and we may as well go into a protracted and horrible 4(oh dear. . .please no..rather have simple corrections, they are sooo tradeable)

If you have 5 minutes between research, let me know whatcha think, in case you're too busy that is okay, too)

[housemcm]

Opportunity #E44/07
EUR/USD Extended
3 components
Entry: 1.4377
Discontinue (initial): 1.4337

Already took 1st profit at 1.4414 for 37, S/L tightened to 1.4380 (guarantees 3).

Update 1: Set TP2 in 1.4467 for 90.
Update two: TP2 was hit ( 90). S/L tightened to 1.4432 (guarantees 55).
Update 3: Outside for 55.

Total benefit: 182

[housemcm]

If you have 5 minutes between research, allow me to know whatcha think, in case you are too busy that is alright, too =-RRB- ~2.12 area is something I'm considering now today that 2.08 was currently hit. Currently I've got the Cable's maximum rally range at 2.0901 in my calc tho. By retracing 2, this range will be canceled.

[Slmingsumfem82]

~2.12 area is something I am considering also today that 2.08 was already hit. Now I have the Cable's max rally array at 2.0901 from my calc tho. Retracing deeper will cancel this range.

Yea, 2.09 showed up on some projections here, too. . .it's all tread careful territory here..market remains worried and it might well be that this new spike in the haul the last week and this finished a 5 wave sequence..looks like a 3 top, then 4 fall off, then topping again now..tricky stuff.

[copycal91]

Hi All,

Everyone Prepared for the week ahead?
I am heading out on a limb here, and I am likely to say
(IMO) that I feel we'll see the $ underside this out
week, even if not in another 24 hours.
I am wanting to see Cable get into the 2.957 place for a short.
Unsure on Euro, I was searching for the 1.4600 place, but if
you have a look at CHF/USD it is appearing close to being finished with
a finish diagonal in wave C of C or B of two.

Any comments welcome
GL GT
https://www.nigeriaforextrading.com/attachments/1518119306.jpg

[copycal91]

EURO

If this is tide 4, my goal for 5 will be 1.4557-68
This could complete wave 5 of C of B
Again, comments welcome whatsoever!
https://www.nigeriaforextrading.com/attachments/1518119308.jpg

[Oxmgogo]

Hi AZ-Heat,

your Wave 3 is my tide 5. I anticipate a correction that is A-B-C . (1H Timeframe)
Traex, don´t wish to disturb your diary. If yes, please allow me to know.


Regads

[Alejangmo.M.P]

Hi
did anybody here keep in mind The GU graph I published in this journal long time ago. . .now the exact goal reached...2.1020. . I astonished that how long term count could win for me...

[gomijuan]

We are missing you...

[Fipk2015]

Traex , what is happend with you??? We're missing you....

Well, really I'm missing your posts.

[Gusanagui]

Post 1264



Might prolly be my past trades until examinations finish following month.
I believe he's in his examinations, no recurrence on telephone calls too. Let us give him a break for now.

Good luck on your exam bro. See you in a little while.

[CelayMC]

For a long time all of the newbie traders like me are overlooking all of the contributions
from you . Fantastic luck on the ex friend.

[oxmla.umbiela]

Traex missing your analysis. Best of luck on your ex and looking forward to you reunite.

[Oxminej]

Traex, when will you be coming back? This wonderful ribbon became inactive.

[juspk147]

Ii have sent email to traex and he didn't reply. If it is all god with him , everyone else has contact with him and know?

[clemenles]

I talked to him in February. He's fine. He updated.

[Alejangmo.M.P]

Hi
I hope we can begin a new journey soon with Trax and the rest of the traders...I also have some thought that cause all benefit from it comprised Trax ...I feel this thread has shut down trigger only 1 individual had given Ideas of precise trades so he get bored to continue it....well I believe if we can go on a Live chartroom such as skype or yahoo some of us might help discovering trades in order there are more electricity that even trax could benefit from it so he gains a few eager for it.
Accountable for my bad english...
Regards

[housemcm]

Long time never look at this thread.
I am too lazy to tag my charts, so it's all blind tide counting today, nude. Doing longer term transactions as Ifound a job to complete my bond and've finished my study.
Hope you all are having great trades. . All the best!