dojitrader

dojitrader

Looking in the Mirror . . . UsdChf - EurUsd correlating nicely for a 4th wave buy zone. More aggressive will be an attempt to capture 70-80 pips on a sell $.9070 or with a good candlestick entry trigger. But, mostly interested in a 5th wave buy in the zone for the higher probability trade. What will the week do to confirm or reject my projections ?

dojitrader

EurUsd - UsdChf seem to be confirming each other's price action. With a 100 pip wave potential I'm looking to possibly buy the 1.3560 area. Perhaps the candles will give me an entry trigger for a clearly defined buy. But, the higher probability is in the sell zone for a 5th wave down. What will the week bring our way !!! ?

dojitrader

Still like the Ending Diagonal first published by traderWgun several days ago: Slightly fine tuned and the 5th wave is a little hard to see the 3-3-3 internal wave structure, yet, the classic 5th wave trend line overthrow has occurred. BUT, for only 30 pips or so of risk the possibility of 250 pips of total reward is very enticing pattern to me. I'm thinking it...

dojitrader

Take your pick of targets ! Laddered confluence seems to point to a buy. Especially if it is in 3 waves. Should it morph into an impulsive looking 5 waves of a 3rd wave -- all bets are off !!! With that in mind I'll be looking for a candlestick signal near the bottom of the buying range. *Is that a Freudian Slip in the support zone spelling* {It's beginning to...

dojitrader

The A to B leg comes up above the required .786 of X to A *the bent wing* B to C is about right and --- if it gets to D this leg is the most important at 1.272 of X to A. Plus, this will be a new high for the swing which is often an additional validation -although not a new "all time" high - sucks in the final bulls who think it's another leg up. Requires small...

dojitrader

The A to B leg comes up short of the required .786 of X to A *the bent wing* B to C is about right and --- if it gets to D this leg is the most important at 1.272 of X to A. Plus, this will be a new high for the swing which is often an additional validation -although not a new "all time" high - sucks in the final bulls who think it's another leg up. Requires...

dojitrader

You could sell the touch of the trend line break @ about 141.39/41 with s/l @ 141.613 thinking that much above 141.50 and it is probably going back into the channel --- or sell the stronger resistance @141.54, if it gets there and then move the s/l up another 10/12 pips or so --- or, sell the break of resistance below this candle's low @140.93 with a stop above...

dojitrader

Sell it now or hope there is another attempt to break above the trend line which would give us the typical overthrow. The risk is not much larger to sell at the top of the hours or so if this remains a shooting star candlestick. Stops are somewhat debatable depending on your risk tolerance, if we do get the ED overthrow of the trend line. (As I type the...

dojitrader

This pattern's entry is only 10 pips above the cypher published by Gramatikov89 Perhaps that gives this set up more ammunition for greater probability in our favor. Sell point on this pattern is also at the 1.618 of a to b and if we get a small downward move to about .8240 of so, it will be an A = C also at the short entry. Stop loss is a bit debatable - Just...

dojitrader

Potential trades have been blasted through s/l's - coming up short of entries - harmonics falling apart on the final leg - bull or bear ----- Was beginning to wonder what was going on: when I see this morning that all I had to do was get some rest ~~~~~ and like magic ~~~~~ a great trade would appear. Have a Great Weekend All !!!!

dojitrader

I don't think there is a B wave Ending Diagonal but, this has the "look". Anyway this is supremely overlapping price action that is probably the b wave of an A-B-C Flat correction from the recent highs. Drilling down this has all the appropriate 3-3-3-3- and with one more thrust up the final 3rd which = minor a right at the ,886 @ 142.02. The only way this could...

dojitrader

Oh Yah !!!!! ******* It's beginning to look a lot like Christmas ******** Too bad: All I want for xmas is another 100 pips . . .

dojitrader

Cable loves to mess with your mind ! But, if you think this is the start of a larger correction from the 1.6464 top then this is a good place to join the trade. Not willing to risk much thinking this will work immediately or not at all. On the other hand, if it does work, the profit potential is pretty good. As always, the candlesticks might guide my convictions !

dojitrader

I can think of at least a couple other ways to count this zig/zag/combo, but, I think I'll take a shot at this one. It has small risk to know it's wrong and yet, a pretty good profit if it's right. I can see stronger resistance at 1.8050 so, much beyond a = c and this is probably the beginning of another up leg - correction over !

dojitrader

Elliott Wave bread and butter. 5 waves up followed by a 3 wave correction. Perhaps this is what we will find around my target of .8340, which is also good support from the last 2 days of Nov. and the .382 retracement. Given the short and shallow nature of waves 2 and 4 hopefully this will be the case. BUT, there is always a BUT, what looks like the C wave may just...

dojitrader

How important do you suppose that spike high of the NFP Friday ? *anyone's experience with spikes and cyphers gladly accepted ! * WIDE area of confluence to try and target an entry. I think I'll shoot for the ab=cd/1.618 OR maybe the candlesticks will help me with the trigger.

dojitrader

This pattern does not "quite" fit the rules for anything I can recognize. What would you say it should be called ?

dojitrader

Did not see where anyone else had posted this set up. Looked because I thought I'd seen such a post, but, passed it off thinking Euro would turn down much before the target. Ha ha ha ha ha ha ha h ah a I call it imperfect because the A to B leg is less than .618 fib and as such the probabilities of being profitable are reduced. However, my EW analysis has given me...