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Elliot Wave Trading

  • #821
  • Nov 12, 2006 2:47pm Nov 12, 2006 2:47pm
Price action edlow is basically breaking support or resistance candlestick formation, new highs, new lows, and all these things together shows markets sentiment. This sums up price action.



Quoting edlow
When you guys are talking about price action, what are we going for. I'm trying to learn everything that I can.

Thanks
  • #822
  • Nov 12, 2006 3:27pm Nov 12, 2006 3:27pm
Lets keep the thread nice guys. We have some who are brand new to forex and dont even know what a pip is. No question is a dumb question



Quoting AdsenseGuy
Try learning first from ebooks then try for yourself and only then i think you should ask for our opinions.
  • #823
  • Nov 12, 2006 3:50pm Nov 12, 2006 3:50pm
Edlow, read about Mouteki method, Vegas method, also check sidus, Bogavino signals. Also you should study Elliot Wave trading and fibonnaci and Candlestick first. All here on Forex Factory Forum. Then start looking at Price Action by the right to the left on your chart. Good Venture fellow Trader, there's a share of the cake for the smarts ones.


Quoting edlow
When you guys are talking about price action, what are we going for. I'm trying to learn everything that I can.

Thanks
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #824
  • Nov 12, 2006 5:28pm Nov 12, 2006 5:28pm
Lets see if can bounce off of 2878 for downward movement on th eEUR
  • #825
  • Nov 12, 2006 5:35pm Nov 12, 2006 5:35pm
Im thinking we are at the top of a mini2 two wave on the EUR if we are you can wrap her up she's done. We will be on our way down down down!!
  • #826
  • Nov 12, 2006 5:47pm Nov 12, 2006 5:47pm
If we cant break 9165 on the cable and stay above it. Cancel christmas this baby we drop like a rock.
  • #827
  • Nov 12, 2006 6:04pm Nov 12, 2006 6:04pm
Quoting fixme1too
If we cant break 9165 on the cable and stay above it. Cancel christmas this baby we drop like a rock.
That happen to be EMA 62 strong Fibo level. May bounce and range on it till next news too.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #828
  • Nov 12, 2006 6:07pm Nov 12, 2006 6:07pm
Quoting GreatYves
That happen to be EMA 62 strong Fibo level. May bounce and range on it till next news too.
I wish it break down as everybody else... Anyway now it should be the third knocker down....
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #829
  • Nov 12, 2006 6:14pm Nov 12, 2006 6:14pm
she is falling lets see if its real should go to 9080
  • #830
  • Nov 12, 2006 6:25pm Nov 12, 2006 6:25pm
Quoting fixme1too
Im thinking we are at the top of a mini2 two wave on the EUR if we are you can wrap her up she's done. We will be on our way down down down!!
hmm...i am confuse with many pair last week, where posibel point of top the euro, i am asking it cause i am have short euro, where i place the SL for that?
so i would like to be glad if you are give me some analisys with your probabally elliot wave fixme1?
thanks alot.
waskito
  • #831
  • Nov 12, 2006 6:37pm Nov 12, 2006 6:37pm
I mentioned "MINI" wave if you are not familiar with EW theory it would be hard to explain. But you are correct top I believe was last week I am also short the euro since last week and nzd and aud. I like long on cad and yen and chf. How bout you
  • #832
  • Nov 12, 2006 7:42pm Nov 12, 2006 7:42pm
absolutely i am not familiar with EW..i am just candlestick high and low with heikin anshi candlestick..now i am short and eur/usd euro cad, long cad jpy, my SL for GBPUSD was hit 1.9175 five pip below the top, now i am looking short again with GBP ..but i am just still wait one or two days high of cable.

thanks fixme for your respon..
  • #833
  • Nov 12, 2006 7:45pm Nov 12, 2006 7:45pm
So where are we Fixme on GBPUSD, at begining of a wave C?
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #834
  • Nov 12, 2006 8:11pm Nov 12, 2006 8:11pm
I am just learning to crawl here but my analysis on the cable is that we are coming through a few extensions on wave 5??? (looking at the daily)
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #835
  • Nov 12, 2006 8:26pm Nov 12, 2006 8:26pm
Mee too... Fixme... Tell me please, what set of indicators do you use to help with Elliot Wave Principle?
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #836
  • Edited 8:46pm Nov 12, 2006 8:30pm | Edited 8:46pm
Quoting africanpip
I am just learning to crawl here but my analysis on the cable is that we are coming through a few extensions on wave 5??? (looking at the daily)
So we should begin wave A then? On daily. But on Hourly it seems wave 3 Or Reverse C?? is not really finished? Help? What the consensus over present cable analysis? Daily and hourly.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #837
  • Nov 12, 2006 8:49pm Nov 12, 2006 8:49pm
Quoting GreatYves
So we should begin wave A then?
I don't think wave 5 is finished. but don't ask me where it will finish though
By deduction I am eliminating the possiblities by applying the EW rules and guidelines but what is confusing me is that the different timeframes look so different from one another and when I number them they seem to move out of place??? end up getting frustrated then start again. I thought it would really be easy putting little numbers above some lines.
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #838
  • Nov 12, 2006 11:31pm Nov 12, 2006 11:31pm
Quoting africanpip
I don't think wave 5 is finished. but don't ask me where it will finish though
By deduction I am eliminating the possiblities by applying the EW rules and guidelines but what is confusing me is that the different timeframes look so different from one another and when I number them they seem to move out of place??? end up getting frustrated then start again. I thought it would really be easy putting little numbers above some lines.
i think we will be heading mini wave C or big wave A on H4 chart...target 1.2820
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  • #839
  • Nov 13, 2006 1:19am Nov 13, 2006 1:19am
As you can see it didnt take look for the cable and the euro to show it s hand. When making my determinations with Elliot wave you should also use corellation You know that the CABLE is the beast of forex but regardless of this if all the other pairs with the usd cross is sreaming short then USD will follow suite .
  • #840
  • Nov 13, 2006 1:46am Nov 13, 2006 1:46am
the moons and the stars are sure lining up for short on eurjpy
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