Thread: Harmonic Wave Journal

Originally Posted by ;

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

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

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).

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.

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.

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).

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

End of miniature wave 2 of 5 (?) .

Originally Posted by ;

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.

Originally Posted by ;

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.

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).