DJones 4 H hit TP Daily see chart

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Did not retrace to jump back in for the 2nd TP

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after break i buy when the next bar break the high ( the first break out bar.)

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Yes works on anytime frame , But i have a fulltime job can't sit infront of my pc 24/7 .

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DJones break the channel on 4 H possible Up to 8500 Daily showing a nice set up no confirmation yet , if confirm DJ will reach 9337 BUT neet to break the blue channel first look at the chart

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Possible setup to short the USD JPY if confirm , Let us see

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Hi Phi What do you mean?

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Hi Riding , Yes, I always look at the 4 H chart if I see any possible trade for type type 1 ( wave 4 to 5) or type 2 trade( contra wave trend possible future wave 2 to 3 ) , I switch to the daily chart to make sure that daily showing the same trend. ...

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Closed my Trade for now at the first TP 1.618 Fib Ext (11374) ( 180 Pips profit not bad ), I will wait for the retracement " wave 4" If all signs still showing strong downtrend I will enter short again to 2.618 Fibo (11190)

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Hi Pipeye So we agree on this one

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Tp on the 4H at 1.618 Fib EXT(11374) and Max @2.618 Fib Ext (11190)

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Daily Chart USD CAD , Just for the trend , I will exit on the 4 H chart See chart below.

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I am short from 4 days ago +ve pips now , I will post my daily and my 4H charts once I go back home, I use 150 pips trailling stops and Sl above the high , This is my second time in the last 7 days shorting this pair first one hit my SL .

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Current

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yes i agree the wave count changed , old 2 to 5 now was actually wave 2 to 3 , when wave 4 did not hold to make a new higher wave 5 all wave count changed , I will post few weekly back test chart for you to look at . Weekly Back test from 9/22/08 to ...

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This is the weekly count for the Euro USD so far , It is what it is , If you have a different count your count is wrong .

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Hi EGKid here is the Down J

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i see what you mean on the 1 H , but i prefare to get in on 4H or daily as you know , So even if the euro moves higher , I will wait to ride the contra wave down to be on the safe side

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This is what i See EGKid , What do you think?

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This is what the weekly chart looks like so far

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