Quoting the earlier post about euro/usd ... i believe the E wave will be ending soon and a major thrust upward on EU is expected. Price is fast approaching 1.2290 and i am buying small lots of EU. There is also a possibility for price to reach ...

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very interesting ... thank you

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No i didn't take the trade. i am still doubtful although there was a strong divergence on daily chart. still feel usdcad can go down more to 1.2445 but that's just me.

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Hey Mav, Are you having any open positions as of now?

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GBPUSD On daily i am expecting another move up to 1.4522. On a weekly count, my target is 1.4713. Since wave 5 can end anytime here are my 2 targets. here are a couple of charts.

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eurusd 4 hr. I believe that this is a triangle and the last E wave is forming to 61.8% of wave D which is 1.2290 and after that i am expecting a 5th wave up to 1.2675. here are a couple of charts.

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In my opinion, US index in wave 3 of 5 . I am not sure what fundamental news will take this down to the levels mentioned in this chart but i am going for it. putting a medium term stop loss of 89.66 . Here is my chart....

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Same bullish scenario for wave 3 of 5 in gbpusd as well..

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short term eurusd. bullish is my view. 1st wave being done. 2nd wave also finished, now third wave in progress.

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M shaheen, nice charts... and very good probability of reaching targets as index is bearish. Keep posting.

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Hi Mav, i am not a full time trader, so there is a possibility i can go missing sometimes as my work demands it but i have not given up on EW. I think it is one of the best tools out there to forecast the sentiment of the traders as well as forecast ...

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yes .... that's what happens when i go overboard and be overconfident with my trades... but then it's a demo you can only do these things in a demo. anyway i lost between 6 and 7 % in my live account also in the last month. Need to recover all that ...

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Here is my count on cadchf ... although i dont trade this pair. this pair seems quite bullish even with relative strength.

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thanks for the chart sixer. the down move on dxy just goes to indicate there is one more low before a bounce but you can never tell with these 5th waves. a prime candidate for truncation. i already have a long term chart with EW marked. just cant ...

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thanks for the chart . considering a bearish move on dxy, looks very nice for an upmove.

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your count looks good

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time to change view about dxy. bearish until 86.43 at least. Wave 5 was not complete and is in progress. Here are a couple of charts. first chart is weekly. 2nd is daily

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DXY US index has been disappointing although there is still hope. If this wave down breaks below 61.8 retracement with a 4 hour close i will turn bearish on Index. if there is an impulse move after touching 61.8% there is still hope for the dollar.

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thank you for the kind words.

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usdcad also the same picture it has almost touched the 61.8 retracement for the last major wave. Since the invalidation line is broken, it can go down to almost the start of the 1st wave so keeping away from it until i see signs of something ...

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