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[joe moon] 13/1/2012 16:32

so a general wide boy then:)

[and then] 13/1/2012 16:26

joe, i was a property developer, before that; Motor trader, before that; i built up my own transport business, before that i was a general builder, before that i was a labrador...

[and then] 13/1/2012 16:24

:)

Ok here's the gaurantee'd points set-up but not in full detail, lets just say something happens to give a valid trigger and when it does it never fails... ever... If it does your interpretation was wrong!
Next i will post another Euro chart which will hopefully explain why wave counts come into it...

[joe moon] 13/1/2012 16:22

AT what did u do b4 trading ?

[joe moon] 13/1/2012 16:15

moon screen

[and then] 13/1/2012 16:10

Tbh joe, I've just seen the illusive set-up on the Euro earlier on, the one that is 'gaurantee'd' but obviously words like that cant be used on the market, so i will keep it to this page instead!
I usually just follow that and the Audi or recently that and cable, but have tried several variants lately. Hmmmmmmm right under my sodding nose it was!

Probably good to have a blow out this week! Guests here in a bit, Old New Year tomorrow, so might be time for a beer or three!

[tpaulbeaumont] 13/1/2012 16:10

agree joe

if your system doesnt incorporate waves AT (not sure how a 'system' can incorporate something that subjective?) then yes id suggest not deviating from it.

ultimately my underlying theme to anyone interested in waves is that its very subjective, therefore very difficult to use correctly, and therefore very difficult to make consistent money from, so if you can trade without it dont bother complicating matters by using it!

[joe moon] 13/1/2012 15:56

keep it simple at

4 charts is enuf

[and then] 13/1/2012 15:55

I could reply to Tbp et al, but i have to go into details about the system. My mistake this week was to deviate from it. Look now and i see cable has just hit its target at 15250;

and then - 11 Jan'12 - 15:29 - 807 of 855 edit

'Cable; 15350 hit, next 15320, then 15250 and so far longest set-up still in play of 15170...'

Various 5th wave set-ups finishing and corrective moves starting elsewhere has drawn me away from my bread and butter. The corrective move that finished this morning at just above 15400 was a gift. Following too many charts, me thinks.

[joe moon] 13/1/2012 15:32

this is audgbp i think its a short and the gbpaud is a long ...risk off

dyor

[and then] 13/1/2012 15:23

Haven't checked that chart, but wow learnt a shed load this week. The S&P hitting its target despite being a clear 5th wave was a nice surprise. Have mentioned before about NOT bothering with 5th wave set-ups and its really come home to roost this last two days. despite the sharp pullback being correctly identified as abc corrective yesterday, Audi/Dow/S&P, it was just of the first leg; ie 123 of 'A', impulse 'B' contained complete impulse wave and now C, (probably the most vicious)

Hopefully i haven't cost anyone too much money. For my part, this was my worst week by a country mile, although having learnt some truly invaluable stuff along with it. Emotions were high despite stops being in.
I took very few system trades this week outside of the wrong 5th wave ones, so together; very little right and lots wrong. i think its impatience. Trying to follow many markets and staking way too much. Due to the end of the 4hrly cover on the Euro set-up, (and while missing that fact due to no line on my chart) i moved to other charts/pairs, my only success with taking 100pips from cable. Even then i missed strong divergence that had formed and left half on the table when i should have banked the lot. we were close to target and so naturally imagined we would just go to hit it. That is very unlikely given the fall already. It is normal for a pullback before when the target is close.

[tpaulbeaumont] 13/1/2012 15:19

dunno if you meant me b4 AT but i mentioned yday i thought your wave labels on that graph were highly unlikely, just an opinion, as someone whos used them for many years.

im made differently you see, cos when i was first using waves i asked the ppl who had experience for help, i would of asked why if someone suggested my analysis was wrong, instead of letting my ego get in the way and dismissing it saying things like you dont know what youre talking about/100% guaranteed/nailed on etc, but it makes no difference to me.

[spaceparallax] 13/1/2012 13:49

Hard to say whether it's an offer or an improvement in circumstances such that the creditors are willing to give the Company more time.

[and then] 13/1/2012 13:27

Just for you joe!;



Once down here a fresh set-up will validate a new stop placement, it will probably be better then BE so you can leave it for the duration, although we need to get past any vicious abc corrections that might come first...

[and then] 13/1/2012 13:19

Lol, 14891 is current. (Don't forget to allow for spread though!)

[joe moon] 13/1/2012 13:13

i cant use a 2000 point stop at!!!

[and then] 13/1/2012 13:06

Looks that way joe, personally i use it as a guide and then look for set-ups on the smaller timescales in the same direction as its one big stop out if wrong.
However, that said, without bothering to read about any Aussie dollar articles, i see targets well in advance on both AudUsd and long way south for cable coupled with the GbpAud, so lets short cable or preferably; long the Audi/short GbpAud

[joe moon] 13/1/2012 13:05

charts dont work anyway


news is what matters!!!!!

[joe moon] 13/1/2012 12:58

13850 for gbp aud?

[jussyman] 13/1/2012 12:56

anyone who takes the time to post charts is a good un in my book whether u agree or not it shows someone has taken time over their trading...counter that only takes a second to be critical..granted i can be a argumentative old nob sometimes ;-)

[and then] 13/1/2012 12:55

Looking at 13850 TP, but of course if its good to go there will be lots of room for pullbacks... stops at 16400

[joe moon] 13/1/2012 12:53

need new pic in header as well at ..let her choose it

sanks in advance