Thread: Harmonic Wave Journal

Originally Posted by ;

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

Hello, would be this count possible?

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.

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.

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

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.

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.

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

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.

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.

Originally Posted by ;

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.