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

[marketwavez]

Here is the Euro ............Looking for a " Wave 3 Low "
(Price Action )
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There is some over-head resistance at 4650 ............

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Price Entry now triggered
Price Entry........... 4620 Limit
Protective Stop .........4646
Targets ........ See charts below

( Risk....26 pips )
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Only a Probability !................ Not Cast in Stone !...........
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TRADE AT YOUR OWN RISK…...................The Purpose of these charts is to point out significant
highs and lows based on Fibonacci Retracement Lines and Elliott Waves which are highly subjective.
This information is for Educational purposes and should not be considered trading recommendations.
-All trading decisions are your own sole responsibility .

Well , this trade set-up from last week has a Loss for 26 pips !
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Price did not quite make it to the intended target ................

 

[marketwavez]

This is a Track Record of recent Trade Set-ups
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Successful Trading is about tracking your Averages ..............
( No matter what wave-count you think is happening ! )
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October - November ……2007 Trades (Results)
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1st Trade (10-24-07 ) Entry USD/YEN

Buy 116.35 ( Stop 116.05 )
Risk 30 Pips -------------------- Exits 117.35 , 117.55 +110 Pips
See chart below

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

2nd Trade (10-31-07 ) Entry USD/YEN

Buy 114.85 ( Stop 114.55 )
Risk 30 Pips -------------------- Exits 115.90 , 116.00 +95 Pips
See chart below

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3rd Trade( 11-01-07 ) Entry EUR/USD

Sell 1.4438 (Stop 4460 )
Risk 38 Pips -------------------------Exits 3358 , 3320 +32 Pips
See chart below

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4th Trade( 11-02-07 ) Entry USD/YEN

Buy 114.93 (Stop 3470 )
Risk 68 Pips -------------------------Exits 3358 , 3320 -68 Pips
See chart below

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5th Trade( 11-01-07 ) Entry GBP/USD

Buy 114.93 (Stop 3470 )
Risk 68 Pips -------------------------Exits 3358 , 3320 -50 Pips
See chart below

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6th Trade( 11-15-07 ) Entry EUR/USD

Sell 114.93 (Stop 4646 )
Risk 26 Pips -------------------------Exits 4570 , 4560 -26 Pips

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7th Trade( 11-14-07 ) Entry USD/CAD

Buy 114.93 (Stop 9550 )
Risk 50 Pips -------------------------Exits 9983 , 0070 +150 Pips

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8th Trade( 11-19-07 ) Entry USD/YEN
Buy 109.95 (Stop 109.58 )
Risk 37 Pips -------------------------Exits 110.15 , 110.25 +30 Pips


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9th Trade( 11-19-07 ) Entry EUR/USD

Sell 114.93 (Stop 4632 )
Risk 0 Pips -------------------------Exits 4604 , 4594 Trade-UNABLE


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[marketwavez]

Euro/ Usd ....


Remember this chart ? -----
Price broke out of this triangle overnight !
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Price is now touching a 618% Line .............

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[marketwavez]

Usd/Yen

Here is the chart ,,,,,,,,,,,,,,,,,, Maybe we can close the gap ?
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[marketwavez]

Here is the Eur/Usd ................
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Now moving Toward an " End of a Wave 5 " ? .......

( Double Click on chart to Enlarge )

 

[marketwavez]

Here is the UsdYen Update

-Price broke through 108.72
as illustrated in the earlier post , just above ........

No , we did not close the gap , but

Now price has rallied into a " Wave 4 " top and has been
steadily declining all a day today even with the slow Us Holiday

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[marketwavez]

Here is the Gbp/Usd

Price was sitting on a 618% retracement line all day !
- Then we got a large white candle at the " End of Wave C "

Eventually , you know how people get excited about 618 %
price just blasted through all that resistance !...............

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[marketwavez]

Gbp/Usd

Some say , UP ! ............... Some Say , DOWN !
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How come no one is saying Consolidation ?
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Price is now fooling around with this 50 % retracement line .
( See chart below )

Will price break through it ?
- Maybe even close the overhead gap ?

 

[marketwavez]

This is a wave count for the Gbp/Usd ...........( Medium -Term )

We could be moving toward the " End of Wave B "
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[marketwavez]

Gbp/Usd
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We may be at the " End of Wave B "

CHART UPDATE :
from last night post in here .........Sell 0645 Stop
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Price broke down this morning ......... !
-Now waiting the approach of the targets ..........
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( Double Click on chart to enlarge )