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traderWgun
Jan 3, 2014 5:44 PM

AUDJPY short term trade Short

Australian Dollar/Japanese YenFXCM

Description

Buying more jpy. Good risk/reward
Comments
dojitrader
I present this chart with little comment as to not skew your thoughts and insight,
but,
IF you have nothing to do or are so bored or this is an easy puzzle to solve:
In other words don't feel obliged or let me interfere with more important things.
Take your time -----
Question, after all those disclosures, have you ever seen such a count
and how would you fit this into a count of larger degree ?
{what would account for a 5 with an ED and then 5 in the opposite direction}
{{Am I just seeing counts that are not there}}
Have a great weekend and lots of pips next week/beyond !!!
(never worry about too short or long an answer for me)
traderWgun
I would count the 2nd one in 3 waves


this would be my prefered count



when it comes to EW there are 2 things that can confirm your count;
fib realations and Rsi divergence. The RSI divergence between A and C confirms that a cycle has ended.

I have a pretty good video on that. hit me up at tlkemmycabs@gmail.com and I will send you a link
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