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Elliot Wave Analysis

  • #301
  • Apr 8, 2018 12:44pm Apr 8, 2018 12:44pm
Oil 4Hr.

In my honest opinion, oil is doing a major wave 3 (orange) to at least fe100 at 57.78. At this moment on a minor wave, i believe that we have a 1-2 1-2 done so far. i think with that impusive move down, this could be a 3rd wave to 60.76 (fe100) or even to 58.70 (fe161.8). after which there could be a retrace to wave 4 then a good downmove to wave 5. will update all these later . here is a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: oil1.png Size: 30 KB
STING
  • #302
  • Apr 8, 2018 12:46pm Apr 8, 2018 12:46pm
i do have alternate counts on all these but don't want to confuse anyone .. so not posting it. will do it if market kicks my ideas out.
STING
  • #303
  • Apr 8, 2018 1:06pm Apr 8, 2018 1:06pm
Quoting stringfx
i do have alternate counts on all these but don't want to confuse anyone .. so not posting it. will do it if market kicks my ideas out.
Sting, thanks for the updates.
Let us hope for a profitable week ahead.
  • #304
  • Apr 9, 2018 3:36am Apr 9, 2018 3:36am
Quoting mavilakandy
{quote} Sting, thanks for the updates. Let us hope for a profitable week ahead.
Thanks Mav.

Are you having any positions open ?
STING
  • #305
  • Apr 9, 2018 5:02am Apr 9, 2018 5:02am
Quoting stringfx
{quote} Thanks Mav. Are you having any positions open ?
Hello Sting,
Yes, I have sell positions for EU and Oil, small lots.
  • #306
  • Apr 9, 2018 5:25am Apr 9, 2018 5:25am
Quoting mavilakandy
{quote} Hello Sting, Yes, I have sell positions for EU and Oil, small lots.
great ... i thought you might have a buy on usdcad. well, now it's a bit late . it has already reached weekly pivot ... now will wait for a retrace to load more longs.

anyway good luck ... oil should do you a lot good.

Personally i do not favor the way how EU is behaving, so staying away for a while .. still favor a sell though ...

selling gold as well until 1300.
STING
  • #307
  • Apr 9, 2018 5:30am Apr 9, 2018 5:30am
Quoting mavilakandy
{quote} Hello Sting, Yes, I have sell positions for EU and Oil, small lots.
MAV,

i wish i could trade like my trade explorer. if you notice in 22 days i have doubled a 10K account just by my wave theory. just don't have the guts to replicate in live.
STING
  • #308
  • Apr 9, 2018 6:45am Apr 9, 2018 6:45am
Short term oil has hit 38.2.it should hopefully turn down from here.
STING
  • #309
  • Apr 9, 2018 6:55am Apr 9, 2018 6:55am
Quoting stringfx
Short term oil has hit 38.2.it should hopefully turn down from here.
Hi
USDCHF too, pulled back to little more than 38.2, I sold to 0.9550 handle
We can't control the sea, but we can learn how to surf the waves.
  • #310
  • Apr 9, 2018 8:51am Apr 9, 2018 8:51am
Quoting stringfx
{quote} MAV, i wish i could trade like my trade explorer. if you notice in 22 days i have doubled a 10K account just by my wave theory. just don't have the guts to replicate in live.
Yes Sting, when it is a dummy account, our emotions will not have any place in decision making. We have to behave like a machine to perform well in fx trading.
  • #311
  • Apr 9, 2018 9:16am Apr 9, 2018 9:16am
Hello Sting,
Please provide me if you have the information of (average) maximum daily range of major pairs like EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, etc...
Thanks,
  • #312
  • Apr 9, 2018 9:46am Apr 9, 2018 9:46am
if you are using mt4 then put this indicator on your chart.
whichever chart you put in it will show you the adr high and low of the pair
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 356 downloads
STING
  • #313
  • Apr 9, 2018 10:21am Apr 9, 2018 10:21am
Quoting stringfx
if you are using mt4 then put this indicator on your chart. whichever chart you put in it will show you the adr high and low of the pair {file}
Thanks Sting.
  • #314
  • Apr 10, 2018 12:44am Apr 10, 2018 12:44am
USDCAD has broken the invalidation line so it has a good potential to go more down probably doing a new 2nd wave. No point in chasing it. Will post a chart later on .
STING
  • #315
  • Apr 10, 2018 12:44am Apr 10, 2018 12:44am
stringfx,

for your collection of different charting techniques: Here is the latestet webinar from David Hickson about the S&P using Hurst cycles:

Inserted Video


The software is called Sentient Trader.

Sixer
  • #316
  • Apr 10, 2018 2:46am Apr 10, 2018 2:46am
Quoting stringfx
USDCAD has broken the invalidation line so it has a good potential to go more down probably doing a new 2nd wave. No point in chasing it. Will post a chart later on .
Sting, when USDCAD goes down, usually Oil goes up. Is that true or is there any relationship between them ?
  • #317
  • Apr 10, 2018 3:21am Apr 10, 2018 3:21am
Quoting mavilakandy
{quote} Sting, when USDCAD goes down, usually Oil goes up. Is that true or is there any relationship between them ?
Yes there is correlation between cad and oil. Canada has a lot of oil resources and is a major exporter of oil to united states. So if cad gets stronger than oil also will get stronger. Lately the correlation has died down as I've noticed the effect is not as before.
STING
  • #318
  • Apr 10, 2018 11:00am Apr 10, 2018 11:00am
Hello Sting,

Since USDCAD has crossed the invalidation line and now approaching to 61.8% of total upward move, could you please let me know your alternative view point ?
Also, appreciate very much if you please share your ideas about EURUSD and OIL.
  • #319
  • Apr 10, 2018 9:33pm Apr 10, 2018 9:33pm
Quoting mavilakandy
Hello Sting, Since USDCAD has crossed the invalidation line and now approaching to 61.8% of total upward move, could you please let me know your alternative view point ? Also, appreciate very much if you please share your ideas about EURUSD and OIL.
Mav, i am still waiting for confirmation regarding eurusd, but at the moment i am having a different view looking at the structure. although dxy has not shown much of a decline, eurusd on a 4 hour time frame seemed to be making a triangle, which leads me to think we could have more upside in the future. take a look at this chart. the pair seems to be making a series of 3 wave structures. i am out of all my live positions to get a better direction. lost some money but rinse ans repeat.
Attached Image (click to enlarge)
Click to Enlarge Name: eu8.png Size: 27 KB
STING
  • #320
  • Apr 10, 2018 9:34pm Apr 10, 2018 9:34pm
Quoting Sixer
stringfx, for your collection of different charting techniques: Here is the latestet webinar from David Hickson about the S&P using Hurst cycles: https://youtu.be/CAe82qSu0-Q The software is called Sentient Trader. Sixer
Thanks Sixer.
STING
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