Short-Term.....Swing Trade (Set-Ups)

[kenari05]

Originally Posted by O

Hi friends
I think that the corrective wave 4 begins with a "leading diagonal" wave A I'm expecting wave 5 of this leading diagonal to ends at 1.3220 then corrective wave B impulse wave C down to 1.3140. See the chart below!

Attachment 26000

Have a good trading!

seems possible...but can't believe wave 4 of A is too high

[marketwavez]

Euro - Wiggles

EUR USD............

Update Sunday Night .....................
-Still looking for a wave " A" low ?

Original Post
Click here ...... Post # 102
http://www.moneytec.com/forums/f59/s...64/page11.html

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[daytek]

i love your 15 minutes chart!!
keep up the good work mr Wavez

[marketwavez]

Updated- CAD

USD/CAD.............

Today we got a strong upmove ......

as explained in here yesterday - The Canadian Dollar probably has the best chart formations out of the 6 majors currency ps going into the end of the year .

GAIN 70 PIPS SO FAR - .....................

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(*See the original post here ).........Post #108
http://www.moneytec.com/forums/f59/s...64/page11.html

[kenari05]

marketwaves

is your wave A is big wave A??

[Piergiovanni]

Another short correction or just a part of wave A?
the interpretation is respectively very simple or very hard.

[marketwavez]

The Euro is currtently in the Wiggle Wiggle business ..
It is in a consolidating mode ...................

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Since Sunday I don't belive that there is any real reason to be in it
as I have stated before there is no bearish confirmation about the Euro
until there is a drop below 3100 . Only then the Bears will be control .

All you have these past few days is consolidation

Most experienced traders can see that by now .

Eventually maybe we get a trend -hope fully to the downside !

Markets only trend about 30% of the time they stay in a
trading range maybe 70 - 80 % of the time
So get used to it ! ....................

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Currently
I think its a wave " A " low that's developing ........


- This is the best way that I can illustrate this

See the chart posts just above in - Post # 114 ....IT IS VERY CLEAR !

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Kenari I don't know what this big business that you are asking
but is it doesnt matter I am just one man with a point of view .

My experience of watching many markets tells me that is what
it's doing but I can be wrong also ..............

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Here is one chart posted below also
this is the best way I can visually show my thinking .

If you don't agree with it its ok Post your wave- count so we can all see.
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Stay tuned - ( turn of the News )
-otherwise you learn to underdst nothing .........

[marketwavez]

Here's another look at the Euro

Is the Euro exausting itself ?

Maybe we can get an end of a wave 5 ? ...............

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WELL I REALLY DONT KNOW

Elliott Wave-counts

Don't get caught up in who has the right wavecount
There is no such thing as the correct wave count
- besides there are to many of them .

Why is this so difficult for traders to underst ?

We all don't see the world the same way .........
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All we have is Probabilty Averages - That's all !

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So here's another probability ( 2 charts below )