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Elliot Wave Analysis

  • #281
  • Apr 6, 2018 6:03am Apr 6, 2018 6:03am
Quoting stringfx
It's nfp day, the most important economic news, so anything can happen. i am bearish on eur/usd, gbp/usd,aud/usd, nzd/usd and oil. bullish on usd/cad, usd/jpy and usd/chf. Important juncture at all these pairs technically. usd index technically has reached some resistance and there is a possibility of a pull back before a rally which also means that the pairs associated might also pull back to the upside.... so those with weak hearts and low equity levels, please wait for 20 minutes at least after this news to find the proper direction. pull backs...
Totally agree
The pairs (esp. GBP, EUR) started the pull back and I think they complete their pull back on news then sharply will go to the expected direction.
We can't control the sea, but we can learn how to surf the waves.
  • #282
  • Edited 6:49am Apr 6, 2018 6:26am | Edited 6:49am
Quoting grandaevus
@stringfx, I've been trying to learn Elliott waves. Is my EURUSD weekly count correct? {image}
If this count is correct, EurUsd may fall down to 1.1784 - 1.1498 area to form wave 4.
  • #283
  • Apr 6, 2018 7:26am Apr 6, 2018 7:26am
Quoting stringfx
It's nfp day, the most important economic news, so anything can happen. i am bearish on eur/usd, gbp/usd,aud/usd, nzd/usd and oil. bullish on usd/cad, usd/jpy and usd/chf. Important juncture at all these pairs technically. usd index technically has reached some resistance and there is a possibility of a pull back before a rally which also means that the pairs associated might also pull back to the upside.... so those with weak hearts and low equity levels, please wait for 20 minutes at least after this news to find the proper direction. pull backs...
Thanks
  • #284
  • Apr 6, 2018 7:45am Apr 6, 2018 7:45am
well payroll came out very negative although there is mix reactions from buyers and sellers. looks confused so far. dollar has not been affected much it's actually making a pin bar.
STING
  • #285
  • Apr 6, 2018 7:47am Apr 6, 2018 7:47am
Quoting grandaevus
{quote} If this count is correct, EurUsd may fall down to 1.1784 - 1.1498 area to form wave 4.
yes that is my view as well.
STING
  • #286
  • Apr 6, 2018 8:00am Apr 6, 2018 8:00am
usd cad went down ... not too bad i lost 2% by the stop loss it's probably going to 61.8 retracement. will buy again there
Attached Image (click to enlarge)
Click to Enlarge Name: uc4.png Size: 54 KB
STING
  • #287
  • Apr 6, 2018 2:28pm Apr 6, 2018 2:28pm
usd index 4hr.
My humble view

index has completed wave 5 on short term. Retrace can happen to 38.2, 50 or 61.8 and then onto wave 3 . structure can change according to the retracement level. so will post a chart once the up move starts. chart will explain rest. safe trades to everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: index1.png Size: 45 KB
STING
  • #288
  • Apr 6, 2018 2:40pm Apr 6, 2018 2:40pm
eur usd according to me is doing a series of 1-2 1-2 1-2 correction and going down slowly with every wave. lower lows are being made with lower highs.

This is my humble opinion as to where it's heading.
hopefully next week we will see a third wave which should trend down to a FE 161.8. here is my view in chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu7.png Size: 41 KB
STING
  • #289
  • Apr 7, 2018 3:05am Apr 7, 2018 3:05am
Mate String hi.

Looking at your last 2 posts I notice that your view for $index is down and E. is down , too.

Looks contradictory to me . One of the two should fail ...

Kind regards,

F.G.
  • #290
  • Apr 7, 2018 3:48am Apr 7, 2018 3:48am
Quoting F.g
Mate String hi. Looking at your last 2 posts I notice that your view for $index is down and E. is down , too. Looks contradictory to me . One of the two should fail ... Kind regards, F.G.
My bias for index is up. Short term a small correction is due. Most probably the correction is done. If index goes a little more down, then eu will correct a bit up. Eu is a sell for me. A little drawdown is expected always before harvest...
STING
  • #291
  • Edited 5:11am Apr 7, 2018 4:30am | Edited 5:11am
The Delta count of the EURUSD shows that we have reached the time window for the ITD-4 (blue) Low.
The RET count confirms the Low.

Sixer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: D-EURUSD(D)-6.4.18.gif Size: 38 KB
Click to Enlarge Name: EW-EURUSD(5)-6.4.18.gif Size: 32 KB
  • #292
  • Apr 7, 2018 5:02am Apr 7, 2018 5:02am
Quoting Sixer
The Delta count of the EURUSD shows that we have reached the time window for the ITD-4 (blue) Low. Sixer {image}
I have heard of hurst cycles but this is new for me. Can you direct me to some reading material on delta counts.
Is it similar to td sequential ? Whats the level of accuracy on a daily chart in terms of pips and time?
Thanks
STING
  • #293
  • Apr 7, 2018 5:18am Apr 7, 2018 5:18am
I don`t prefer the Hurst cycles.

Check Wilders book "The Delta Phenomenom" and watch this Delta video which shows the Delta Graphics software:

https://deltasociety.com/content/one-day-time

or Copans explanations about the Market Matrix:

Inserted Video


Inserted Video

etc.

Sixer
  • #294
  • Apr 7, 2018 6:09am Apr 7, 2018 6:09am
Quoting Sixer
I don`t prefer the Hurst cycles. Check Wilders book "The Delta Phenomenom" and watch this Delta video which shows the Delta Graphics software: https://deltasociety.com/content/one-day-time or Copans explanations about the Market Matrix: https://www.youtube.com/watch?v=SdkBkc5ZTQA https://www.youtube.com/watch?v=TqDusgxFr2A etc. Sixer
will go through it. thanks a million.

looks astro and Gann

by the way in hurst cycle, this trend should go until june 2018
STING
  • #295
  • Apr 7, 2018 10:07am Apr 7, 2018 10:07am
Quoting Sixer
I don`t prefer the Hurst cycles. Check Wilders book "The Delta Phenomenom" and watch this Delta video which shows the Delta Graphics software: https://deltasociety.com/content/one-day-time or Copans explanations about the Market Matrix: https://www.youtube.com/watch?v=SdkBkc5ZTQA https://www.youtube.com/watch?v=TqDusgxFr2A etc. Sixer
Sixer, checked this out. A tad bit confusing yet interesting. Need to do some more research. Thanks again for the information and the videos. The link is not accessible to me. (Deltasociety.com). I am not sure why probably due to my region as i am in the middle-east. The ISPs can ban some sites.

Regarding EW, the structure doesn't seem complete with this low. even if we need another high and this is just a correction, we still need a new low on wave c .
According to me this is a temporary stop and retrace and could go down a lot more.

Please provide me a chart with your views for comparison. Thanks and appreciate your valuable input on my thread.
STING
  • #296
  • Apr 7, 2018 10:35am Apr 7, 2018 10:35am
Delta is not "Astro and Gann" as you have mentioned. It`s all about cycles - the vertical lines in the chart(s) are the full moon data for "orientation" only.
The original developer of Delta was Slim Sloman which dead unfortunately already.

Try the link of the Delta Society again later on or tomorrow.

Sixer
  • #297
  • Apr 8, 2018 9:47am Apr 8, 2018 9:47am
Quoting stringfx
{quote} Sixer, checked this out. A tad bit confusing yet interesting. Need to do some more research. Thanks again for the information and the videos. The link is not accessible to me. (Deltasociety.com).
Dear Strinfx it seems the site is down. you can check whether any site is running or down to all by this site http://isitdownrightnow.com/
  • #298
  • Apr 8, 2018 11:58am Apr 8, 2018 11:58am
[quote=sureshhacker;10945317]{quote} Dear Strinfx it seems the site is down. you can check whether any site is running or down to all by this site http://isitdownrightnow.com/[/quote

Suresh, thanks for the info. appreciate it.
STING
  • #299
  • Apr 8, 2018 12:15pm Apr 8, 2018 12:15pm
Back to trading it's some hours to market open.

Let's start with Gold.

Gold in my opinion is on a 5 wave down move before a good rally to almost 1400 for the major trend . On a weekly timeframe i am expecting an ending expanding diagonal which might complete by 1400. The up move after this 5 waves will be updated after later on. First we will see how it moves down. here's a 4 hour chart with my assumption of 5 waves. lets see how it plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 4hr.png Size: 173 KB
STING
  • #300
  • Apr 8, 2018 12:30pm Apr 8, 2018 12:30pm
USD/CAD (my favorite pair as of now).

Usdcad in my opinion is in an uptrend with hopefully a minor wave 4 complete ... not too sure because the low has been in between 50% and 61.8%. The invalidation line for longs is 1.2368 which is the ending of wave 1. if it crosses that point, then it's bearish. i am reasonably sure that's not going to happen but you can never be concrete in this vicious market.... so i am bullish and here's a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: UC2.png Size: 34 KB
STING
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