USD/CHF.....Dipping? (8-12-05 E-WAVE )

[MARKETWAVES]

USD/CHF.....Dipping? (8-12-05 E-WAVE )

WHER E WILL WE FIND SUPPORT ?

APPEARS TO BE VERY OVERSOLD ...


HERES A POSSIBLE WAVE-COUNT .... WILL it hold ,,,, That's not
important ,,,, only how to manage risk is the important factor ...


ALWAYS REMEMBER ….


What makes a market place is all of our diffrences of opinions .
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It is far more difficult to Exit a trade than to Enter a trade .... I am sure that you have heard that said before ,,,

THIS IS WHY ,

When making trade it just as important to have an idea where you want to exit as it is to place a stop to protect yourself from a move against you .
( THIS IS A PEARL OF WISDOM )


THERE IS NO HOLY GRAIL ///// I KNOW THAT YOU KNOW THIS ....


THATS WHY I TRADE ELLIOT WAVES , because its giving you a probability of where to look for a turn in a given market .....
The smaller the risk in relation to the price objective , the better chance of success in long haul .... (This is called Risk to Reward )

It’s just the way that is ...



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 …

 

[MARKETWAVES]

LOOK AT WHAT HAS HAPPENED ......

WE ACTUALLY HELD SUPPORT .....

 

[MARKETWAVES]

Today is Sunday 8-14-05

Time to update.....

DTM... currently I am not looking at the Aud/Usd right now... it looks overbought... and I don't like break-outs as you know... my efforts are being concentrarted on the swiss usd/chf... because it is oversold.... I mean extremly oversold...

Take a look....

We may have a launching pad getting ready to take off...



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 …

 

[DTM]

Market,

the daily charts show that its getting ready to rebound. A very positive candlestick formation in my opinion and seems to have found support. Weekly charts show me that there's still a bit of retesting the support lines or that it will bounce and then retest support lines. Monthly shows it still needs another month or two for the price to pan out or consolidate. This dollar movement can really rocket so hope you catch it.

If it was me, I would take the short term trade ie go long for a short term only and reverse when it turns to retest the support. I'm sure you'll find the there will be a nice big movement within the next few weeks.

 

[MARKETWAVES]

Ok , here we are ....

DTM ......it's Monday 8-5-O5 .... 12;40 PM OUR TIME

The results are in ...
A LAUNCHING PAD INDDEED...... this market has taken off literlally


This wasn't a hard one to figure out ,,,, The SWISS FRANK WAS DOWN 6 DAYS IN A ROW ON THE DAILY CHARTS....

It was extremely oversold ..... and caused oil to go through the roof last week ...


Well... here' s something to think about

Trading is not only a battle between the Bulls and the Bears.....
it is more importantly a battle between TECHNICALS AND FUNDAMENTALS ....

IN THIS CASE THE IT SEEMS THAT THE TECHNICALS WON .....

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I WILL NOT ADD ANY MORE TO THIS POST .... OBJECYTIVES HAVE BEEN MET ,,,, ITS TIME TO LOOK FOR ANOTHER TRADE SET UP..


[SIZE=4] 4 CHARTS BELOW SHOWING RESULTS [/SIZE]

 

[DTM]

Wow...., nicely caught wave Markets. Huge huge move.

Well done again. :bier: