AUSUSD trade cont — Interesting to see how price reaches the reacts to the 6 point of a WW on a lower TF. Of course the 6 point is also a fib and a previous low. I think spotting the dominant WW and not getting distracted by the lower TFs is ...

WW-SR-PA Journal.

But here is the real worry — But here is the real worry GBPUSD is inversly correlated to USDCHF and it looks like its about to enter a WW down, which would indicate an upward movement in USDCHF I've never really thought about opposing signals ...

USD/CHF

See how the micro WW (red lines) indicates a retracment. The optomistic line (horizontal red ) is also on the 38.2 fib retrace level from recent swing(not drawn). SB

USD/CHF

AUSUSD trade — WW - numbered - thick gold lines SR - two fib confluencing. PA - H&S whose head pokes through the Res area then retreats, then fails to repenetrate on the retest. Concerns - Bearish WW should slope up, this one slopes up ever so ...

WW-SR-PA Journal.

Here is a trade from last week. On E/J 1H WW - numbered SR - Have a look at the two fib extention levels. PA - Bearish inverted hammer, touching the fibs then returning below the 1-3 line. Regards, SB

WW-SR-PA Journal.

(reserved for result/ links)

WW-SR-PA Journal.

Which gap? — The only gap I see around 600 is from the 17th of April. Hasn't that been filled already? SilverB

Gold Discussion

sp500 — @post 16 There is a another way choose the 3 & 4 points which gives a more optomistic target which pretty much predicts the HOD. SB

USD/CHF

Ian, Looks like the 5 point on the WW you showed on the start of the the thread is forming nicely. SB

USD/CHF

Old Support = New Res. Beyond that I dont know anything. I am quietly confident we have seen the top of this move, but nothing is for sure. This was fun tonight, I'm going to sleep. (I'm in Australia). SB

USD/CHF

I forgot that CNN lies. SB

USD/CHF

It is worth noting that the bottom of the 5 point was actually lower than the 1 point. It does open your eyes up, doesn't it? The question is which ones do we trade. How do we enter them, and where do we take profit/ protect ourselves from losses. ...

USD/CHF

Once my 1M WW didn't continue I got out. at a small loss - the first loss is the cheapest. I've been reading Market wizards and one pice of advice I read was that if your reason for being in the trade has gone then don't go looking for a new one to ...

USD/CHF

Thanks Mr. B — Looks like Mr. Bernanke gave us our Point 5 on USDCHF 4H. Why USD is going down inf the cnn headline reads "Bernanke still worried about inflation" beats me. Worried about inflation = higher interest rate = stronger USD. But on ...

USD/CHF

Sp500 — Ian, I thought you may find this interesting. I've mentioned this set up before on Akuma's PA thread. Its a WW with the 5 point forming an inverted H&S. I believe its not a WW according to "Street Smarts" where LBR says the 1-3 should ...

USD/CHF

Entered on WW on the 1M Chart UPDATE: This WW basicly hit its target. My hope (a 4 letter word in trading) was it would keep going down after the target. It was highly speculative and hasn't seem to work out that way. SB

USD/CHF

Price has now reached the 1-3 line, and has kissed the 50 fib. CPI News in 20 min, will see if we begin surfing wave 5 now. Its 400 pips to the target line, which probably means we don't need to be cheap with a tiny stop. SB

USD/CHF

Not that much experience, been demoing them for under a month. Had winners yesterday on the 5 min S&P and 5 min Gold. I paniced and got out way before they hit there targets. Guess what - they both hit their targets. Must have faith! I'm trying ...

USD/CHF

Check out the 4H of CHF — Ian, well done for starting this thread. I am not using indicators to to enter WW, rather price. How do you use RSI. Here is a larger WW setting up on CHF. Also note point 5 is on a 50% retrace from the begining of ...

USD/CHF