Monday, May 30, 2011

Triangle wave X ?

Here's a possibility for a bigger triangle wave (X). Price cannot go above the red line ( = wave A high ).

Geplaatst door op
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3 comments:

  1. AnonymousMay 30, 2011 at 8:48 PM

    Congratulations, Jeremy!
    I did not thought of this option. It might come to reality because very few would expect such a long and complex X wave.
    Your input on the above scenario covers my previous question about what did you meant when you referred to an wave X, too. It was a matter of symbols used on the graph and from there my enigma.

    Wish you great trading ahead, Professor!

    Catalin

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  2. Jeremy DemunterMay 30, 2011 at 9:10 PM

    Hi Catalin,

    Sometimes when you get 2 legs of 3 waves, it can be a AB or WX, depending on what comes after that. Thanks for the good trading wishes, but i am currently not trading, i have 1 small short eur/usd position, which i plan to stay in for a long time. Got too many things on my hands at the moment, bought a house, have our first child coming in 3 months, etc...

    But best of luck in your trading, hope you make a million!

    Jeremy

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  3. AnonymousMay 30, 2011 at 10:16 PM

    Jeremy,

    You've got some good reasons to focus for: family, a kid, a house.
    Be blessed to see all your plans come true!

    As far as the million is concerned, I don't want to get drunk with cold water. That is a hard thing to achieve, especially trading markets. Nevertheless I feel encouraged by the chance to learn and develop my forecasting skills while following your posts.

    Best wishes and regards!

    Catalin

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