dojitrader
Short

A Vacation Trade ???

FX:AUDUSD   Australian Dollar/U.S. Dollar
117 6 2
As of this posting I'm long @ .9250 taking advantage
of traderWgun's great analysis.
Update: Wave C or W?

Looking down the road
there could be an extended Shark since Pt C only tapped the
1.13 fib ext and the A to B
ratio is above the .382, but, it's not above the .500 which is my
preference for an extended Shark .
SO, will it make it to the top of recent highs again ?
Sometimes that's how a trend change might occur.
That sure makes the risk easy to define.
Which will it be ? The .886 or the 1.13 ?
Something to watch when I'm officially goofing off/vacationing.
This week I've only been "unofficially" goofing off ~~~~~
what you think about this
snapshot
Reply
dojitrader khmamed
If I understand what you're asking I would consider the green 5 waves as an A wave
with a 3 wave B followed by another 5 wave C wave which would be a complete
zig zag of 5-3-5 subdivision of an A - B - C
So, I would expect the gold 4th wave to show B wave down to .9360/75
followed by a 5 wave C wave that would complete around .9360/80
That would be the point that the Gold 5th wave you're showing
would resume the down trend.
That's what I think so keep score for me and let me know how I did ?
Wishing you lots of pips in your pocket !!!!!
Reply
dojitrader dojitrader
AW !!! The B wave should be about .9260/75
not .93
Reply
khmamed dojitrader
hi dojitrader i don t understand what b wave you talk the rule must be A=D and C is the longest wave. and as you see we have rsi divergence.
in your chart we have strong resistance that can not break so easy
snapshot
Reply
khmamed khmamed
weekly chart
Reply
dojitrader khmamed
Sorry, but, I'm completely lost as to what you're
asking. Maybe another time, another chart.
Reply
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