Thread: Harmonic Wave Journal

Originally Posted by ;

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.

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

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

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.

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.

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.

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...

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

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

Originally Posted by ;

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.

Originally Posted by ;

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.

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).

Originally Posted by ;

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?