Currency Trading Dec 11th-15th

[Offshore Trader]

Morning all. Is everyone else on their holidays or are we all waiting for someone else to start the thread?

1.85 or 2.00 for Cable by Christmas?

 

[ChowClown]

Morning, just arrived at the office - thanks for starting the thread Good luck all.

 

[dewi141]

just for information - closed out at 19550 for 25 loss....

 

[Baruch]

The BB train has left the station.

 

[ChowClown]

...are you on it Baruch? Personally favour the short side this morning.....

 

[jacinto]

1.85 or 2.00 for Cable by Christmas?

Morning all

i see current price action on the weekly as a pullback from breaking the 9550 high on december 2004. price being contained so far by 38% of 8830-9850, and 23% of 8090-9850. Further, the low of weekly breakout bar...2 weeks ago at 9310 still not attacked.

I expect that price will either consolidate until FOMC or go down to test 50% of 8830-9850 at 9340 and possibly low of breakout bar at 9310 before it moves up. ....unless the FED has a surprise which i doubt

anyway, good luck all

 

[Baruch]

The BB train has left the station.

I took a nice ride, but I'm out again. We get important news this morning.

 

[Baruch]

A video from Rob trading Cable just before NFP:

http://www.kingforexsignals.com/Robvideos/120806_5_Rob/120806_5_Rob.html

 

[ChowClown]

...Jacinto, wonder if this qualifies as a valid WW count on the hrly?...sweetspot long entry area marked out from the parallel 2 to 4 trendline. This morning's vebo orders are the blue and orange squares btw.

 

[jacinto]

...Jacinto, wonder if this qualifies as a valid WW count on the hrly?...sweetspot long entry area marked out from the parallel 2 to 4 trendline. This morning's vebo orders are the blue and orange squares btw.

hi chow,

i honestly dont know. nice chart though

edit: i really havent read anything about WW yet. just cant give an educated opinion. sorry.

 

[ChowClown]

hi chow,

i honestly dont know. nice chart though

edit: i really havent read anything about WW yet. just cant give an educated opinion. sorry.

no worries, perhaps Clam61 will join in

 

[jacinto]

no worries, perhaps Clam61 will join in

at the right price, me thinks

 

[ChowClown]

$750 and it's yours!!

 

[jacinto]

$750 and it's yours!!

well, i can sell you the Mexican Wave Method for free

 

[ChowClown]

...short 9490.8 (vebo).

 

[a_gnome]

...Jacinto, wonder if this qualifies as a valid WW count on the hrly?...sweetspot long entry area marked out from the parallel 2 to 4 trendline. This morning's vebo orders are the blue and orange squares btw.

Morning Chow,
Yes this would count as a Wolfe Wave entry, buying when the price meets the trend line extension that joings pivot 1 and 3. When I first read your post I thought that you were posting an Elliot Wave count so I thought that I would have a go at marking it up. I've attached my attempt (I hope - I've not posted a chart before).

Note that there are two counts depending on whether we are in a corrective or impulsive move. My guess would be the corrective though I'm no Elliotician and I don't use this stuff myself.

 

[a_gnome]

For those who are interested here's a very long range forcast for EURUSD using Elliot Waves. The bottom line is that it's going to 1.70!

http://www.trl.co.nz/ta/nov2006.html

 

[jacinto]

For those who are interested here's a very long range forcast for EURUSD using Elliot Waves. The bottom line is that it's going to 1.70!

http://www.trl.co.nz/ta/nov2006.html

 

[ChowClown]

Thanks a_g, EW continues to fox me, WW seems a dumbed down version....just right for a simple soul

 

[Priceman]

Hello there chaps,

Not been able to post for a while as I moved house etc! Getting my superfast BT 1M connection on Wed so hope to be back trading this week sometime. Can't get anything better in my area.

Have I missed anything then in the last 2-3 weeks ? Not even been looking so don't know if things have been a smooth ride.

Good luck