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Elliott-Traders

Friday, July 30, 2010

AUD/GBP Short Term Elliott Wave Count


Scanning some of the AUD$ crosses, i came across this setup, that might be near done, although it could still morph into a larger triangle, but its got that sideways choppy whipsaw feel and look about it, so i suspect a triangle, and once its done thrust lower in wave [c] for about another 500-600 pips from the wave [e] of the triangle

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Statement – being right means nothing if you don’t profit from that call, anyone can make market calls and show analysis of the market, NOT everyone can take the risk and trade the correct trade to make $$$$ You are ALWAYS learning, never under-estimate the market, she has a way of hurting you in the most obscene places Let it be said, traders should trade and use their own judgement and opinions, if you agree or disagree with my analysis of the market then you and you alone will still need to make the choice of putting your money at risk with appropriate stops, i can not be responsible for any losses that come from my analysis. Questions can be e-mailed to: ewavenoufy@yahoo.co.uk

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Disclaimer – The opinions offered in this Blog, are mine and mine alone (with exception to ideas that are credited to others)

The opinions and analysis offered in this website/blog are just my opinions of financial and commodity and FX worldwide markets, and should be considered just that, opinions, I am not a registered financial adviser, or an accredited financial Guru or professional