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- Jefftrader replied Feb 14, 2011
So... GU-- the last high volume bar (red) was NFP- if we take the high/low range- we can see the low was bought- not heavily- but enough to support price. Looks like we should now test the 1.6149 range. The EW here is messy- it does work out with ...
JT's Journal
- Jefftrader replied Feb 14, 2011
Noticed 5 waves down in EU 30M TF- closed my GU at BE- need time to look at alternate count on GU And Bull flag on EJ...
JT's Journal
- Jefftrader replied Feb 14, 2011
GBPCHF hit the 1.5651-- middle of my upside target- has been dropping ever since. ( I missed the entry- looking for a new short ~1.5990 range) (and obviously the low volume top) GU one thing to notice if you look at the hourly volume we have at ...
JT's Journal
- Jefftrader replied Feb 14, 2011
USDCHF wave 1 complete working on wave 2 USDCHF is pretty good at respecting the 61.8 fibo If you look at the volume on top ( 3 red bars on hourly) and todays volume-- price is setting up to move lower. ~ 200 pips
JT's Journal
- Jefftrader replied Feb 14, 2011
More GU... Finished wave i and ii of wave 3 wav i is 5 waves and wave ii have been three waves. declining volume and a flat correction for wave 2 gives a nice setup trade.
JT's Journal
- Jefftrader replied Feb 14, 2011
GU update- 1.6075 target reached. Now looking to break 1.5962 low in a wave 3
JT's Journal
- Jefftrader replied Feb 12, 2011
GU- In review-- wave A is 3 waves-- So C should be extended past the 161 fibo to 261 fibs-- 1.5657 (doesn't fit on chart) All the waves (greater then 1m) are three waves-- from the high -I- From e - i we have our first 5 wave down on hourly. We ...
JT's Journal
- Jefftrader replied Feb 12, 2011
GBPCHF - we are approaching TL at 1.5805 the up move is on less volume AND the current move from 1.4890 has been in three waves- corrective not impulsive- so I have labeled as ending in three waves as a B. USDCHF Volume weakening as approaching ...
JT's Journal
- Jefftrader replied Feb 12, 2011
GU, Possible corrective B wave zig zag in place. low volume(no demand) still in play Still looking for that wave 2 min 1.5925 but really we should expect to see 1.58ish. Major weekly support 1.53-1.55 range. IT'll take 2-3 days of high volume down ...
JT's Journal
- Jefftrader replied Feb 11, 2011
Yes-- The computers are designed to run stops for either 1/2 before a session begins- OR for the first two hours of each session. It's all about the stops...
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 10, 2011
It looks like it didn't hold-- only a three wave rally-- so more downside to come- maybe test the 38Fib (1.5943)
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 10, 2011
GU? Low volume test- met with higher volume last 4 hrs and higher close....
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 10, 2011
Petar- I'm not sure where your next TP on GU is (been away) But 1.5943 is 38% for wave 4 AND fits in Channel- just thought I'd share.
The ART of trading by Petar_Serbia
- Jefftrader replied Feb 9, 2011
I posted last week about CHFJPY being under heavy distribution... I closed my short- looking to reload higher Inverse nicely with USDCHF
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 9, 2011
GU... So here's my wave 4 count... what I don't like... The lime green line is 3 waves between my b and c (suggesting C is incomplete) never the less there is a triangle and wave4 is about complete. ( may have to consider atrunicated C but I'll wait ...
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 9, 2011
48" in last ten days... Raza had a good GU chart of wave4- This is what I see for EU-- MACD- wants to cross UP ---I have the fibs time on there as well-- wave 4 typically is 1.3-1.6% of wav3 (the wave 4 of 3 ended at in that range as well (possible ...
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 8, 2011
- Low Volume for two-three days-- So looks like the wave 4's are gonna win this one out... I've gotta some SNOW to move (so no time charts)
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 8, 2011
Naw1---It was a good trade entry either way
I was busy on GU... and CY(cadyen) This has been a pretty good scalp trade in the past as well--- 1.27 fibs 3x peaks (AKA Driving threes) EU shortElliot wave, Harmonic And Ichimoku in CHINESE STYLE
- Jefftrader replied Feb 7, 2011
Steriodman — THANK YOU!!! Jeff
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE