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Short-Term....SwingTrade (Set-Ups)

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MARKETWAVES

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6 May 2005
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SHORT TERM TRADE SET-UPS FOR ALL !

Swing trading is actually one of the best trading styles for the beginning
trader to get his or her feet wet, and still offers significant profit potential
for the intermediate and advanced traders.

THIS THREAD IS BEING SET UP AS REFERENCE TO WHAT IS GOING ON
IN THE 6 MAJOR CURRENCY PAIRS UTILIZING ELLIOTT WAVES AS A
PRIMARY TRADING METHOD TO DETERMINE PROBABLE MARKET TURNS .

Usd/Chf , Usd/Cad , Usd/Yen ----- Eur/Usd , Gbp/Usd , Aud/Usd

---------------------------------------------------------------

ALL ARE WELCOME.........JUST TRY TO POST A CHART WITH YOUR CALL !
 
Usd/Chf

Elliot Waves at work ...........
 

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Eur/Usd
--------------------------------
( Long Term Wave-Count ) 9/28/07
 

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Here is looking the Yen......
////////////////////////////////////////////////
This is a chart set-up from earlier today
- Price appears to be breaking out of this Falling Dagger Formation ................( Short Term )
 

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Let's see here ................
Ausd/Usd

Price Action /////////////
 

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wavepicker said:
Hello marketwaves,

Long time no see, hows things??

Good to see you re emerge again
Click to expand...

I am here because of DTM who has reached out to me asked me to come back here ..........
Ive been reading through all the Technical Analysis in here lately
and there is much to discuss ..............Where are your charts ?

You are a very proficient chartist -
Many can benefit from your work in here ......

Your words are best told -with a chart attached to it
-----------------------------------------------------------
Anyway ,
Why is there no chart thread in this forum
dedicated to the work of Wavepicker ?
 

hahahaha, I am scattered all over this place. Sometimes in the wars, mostly just killing time hehe. Have not had much time for FX lately, focusing on slightly longer term ASX swing trades.

Posted some at this link recently(Not FX related though)
https://www.aussiestockforums.com/forums/showthread.php?t=8217&page=2


BTW, Like you charts and totally agree but for perhaps some minor subdivsions to finish soon??

Do you still keep in touch with Jamie??

Great to see you back and keep up the good posts

Cheers
 
/////////////////////////////////////////////////////////
---------------------------------------------------

Here is what the Us Dollar looks like ................
 

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Usd/Chf

Appears to be rallying out of this End of Wave 5 Chart set-up
posted here from this this past Friday's close .....................

//////////////////////////////////////////////////////////////////////////////
 

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MARKETWAVES said:
Usd/Chf

Appears to be rallying out of this End of Wave 5 Chart set-up
posted here from this this past Friday's close .....................

//////////////////////////////////////////////////////////////////////////////
Click to expand...

the USD/CHF looks very similar to the USD/JPY same double bottom on the charts.

Thanks for the posts Maketwaves
 
Hello Trade -It

-------------------------------
Do you have a chart illustrating what you are saying ?
Can you please Post a Chart so we see both Double Bottoms ?

----------------------------------------------------------------
///////////////////////////////////////////////////////////////////////////

Here is the Usd/Yen :

There appears to be an underlying Inverted Head & Shoulder Pattern
Formation in the chart ...... All this needs now is some thing to push it ....

( See chart below )
 

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UPDATE ............TIME
Here is how the Yen Trade-Setup from on Sunday turned out
////////////////////////////////////////////////////////////////////////////////
The Usd/Yen price entry of 115.00 got triggered
---------------------------------------------------------------------

3rd Target has been met ............Gain 70 points today....

--------------------------------------------------------------------
//////////////////////////////////////////////////////////////////////////////
Buy Usd/Yen 2740 ..................... 1st Stop...... 2882

1st Target ........115.30....2nd Target .......115.50....3rd Target ....... 115.70

------------------------------------------------------------------------

NO HINDSITE........, NO NEWS........., NO MEETINGS..........

-------------------------------------------------------------------------
It's all in the charts ...............

------------------------------------------------------------------------
Elliott Waves ...... Do they work? ............... You be the Judge !
 

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Yep I took the a trade in the USD/JPY the other day (Posted in classic TA).

Reason of trade:

Double bottom on support plus a minor higher low CCI confirmed the chart support I took 4 contracts out for a total of 107 pips with a sell of two for 71 and a close of the other two for 36 pips. Minor support line my entry area @ 11489, see chart (4 Hour)

The usd/jpy is still in a range but holding out on the top end of it. A break out of 11600 could really be saying something.

MW good on you for flying the EW flag I am a enormous fan of Wavepickers work, good to see skilled technicians in here willing to share.

Good trading....
 

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hi there, just wandering who you use to trade forex, also what books would you recommend to learn more about forex?
 
MARKETWAVES said:
Here is the Usd/Yen :

There appears to be an underlying Inverted Head & Shoulder Pattern
Formation in the chart ...... All this needs now is some thing to push it ....

( See chart below )
Click to expand...
UPDATE :

The Usd/Yen is " Bustin Loose " and looking like a
Classic Inverted Head & Shoulder Breakout .......
 

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Re: Your latest trade based on T/A

Tomorrow is a big day for the Funny-Mentals .............

What will you do ? ...........................
------------------------------------------------------------------
Basically it's all about the Us Dollar /
Every Currency , Commodity , and Equity market will be directly affected
Things may get erratic . Price coluld move to some extremes !
Personally , I think the government Cooks the books like any other corporation
and it is not the job of governments to tell us the truth ....
If they did tell the truth to many people would freak out all over the place
and make matters worse so they sugar coat everything .

The way they cook the books is with Revisions ....
There are just to many revisions of reports during the course of a year
If these governmental agencies don't have a correct report why put it out in
the first place ?- especially knowing that traders are making bets on the various
markets based on what they report ........///////
Well , you know what they say , The Devil is in the Details !
///////////////////////////////////////////////////////////////////////////////

Just remember ,

No matter what wave-count you believe is happening ,

Trading is about you ability to Manage Risk and Protect your assets
-This means more than figuring out who has the right or wrong wave-count

( To succeed in trading you must study Money Management )

--------------------------------------------------------------------
All of technical analysis is Subjective
Elliott Waves , Gann , Gartleys , Wolfwaves -
(It does'nt matter which one you use )
again , all of these methods and others are Subjective !

Keep those stops as small as possible .....!
 
Re: Your latest trade based on T/A

This is an alternative wave -count for the Euro/Usd
------------------------------------------------------
Price has been Blasting out of this Double Bottom Formation !
 

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