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  • #1,001
  • Nov 15, 2006 7:17pm Nov 15, 2006 7:17pm
Went long last night @7630 on AUD/USD per your recommendation.. I've never really paid much attention to this pair, but it seems to follow rules and I think it's somewhat more predictable than others. I'm just looking for 20 pips a day, and so far I'm getting that everyday for the past 2 weeks..
  • #1,002
  • Edited 7:40pm Nov 15, 2006 7:26pm | Edited 7:40pm
Pls. excuse the size of the charts but only way to show you guys this is the first chart of the exact same outlook on the cable right now Look at the fibs and where it hit for C WAVE also if you put fib retracer on the whole BIG 5 wave in most instances the ABC wave complex will trace out to 78.6 % of that BIG 5 wave. didnt make it on this one but came damn close within about 10 pips of it. KNOW YOUR PAIRS on the cable it will hit the 78.6 % fib and more.
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  • #1,003
  • Nov 15, 2006 7:30pm Nov 15, 2006 7:30pm
If you're having trouble understanding the concepts of the wave, check out this book :

Elliott Wave Principle : Key to Market Behavior by Frost & Prechter

Pretty simple explanations of waves and fibonacci points..
  • #1,004
  • Nov 15, 2006 7:33pm Nov 15, 2006 7:33pm
This is true Jimmy EW to a tee.



Quoting jimmyjames
Went long last night @7630 on AUD/USD per your recommendation.. I've never really paid much attention to this pair, but it seems to follow rules and I think it's somewhat more predictable than others. I'm just looking for 20 pips a day, and so far I'm getting that everyday for the past 2 weeks..
  • #1,005
  • Nov 15, 2006 7:35pm Nov 15, 2006 7:35pm
this is my gbpusd from friday
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  • #1,006
  • Nov 15, 2006 7:43pm Nov 15, 2006 7:43pm
updated chart as of today. I hop this makes since now Adam
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  • #1,007
  • Nov 15, 2006 7:48pm Nov 15, 2006 7:48pm
this chart shows where BIG B should end by rule
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  • #1,008
  • Nov 15, 2006 7:51pm Nov 15, 2006 7:51pm
We still should be waiting for the retrace of 8860 until we go in for a buy, right?

Quoting fixme1too
this chart shows where BIG B should end by rule
  • #1,009
  • Nov 15, 2006 7:53pm Nov 15, 2006 7:53pm
This chart shows where big C will end and if you look closely you will see that it is also 78.6% of the BIG 5 WAVE. I hope this helps. Also look at the chart of the cad chart you will see this is how the cable is gonna play out.
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  • #1,010
  • Nov 15, 2006 7:55pm Nov 15, 2006 7:55pm
That is my rule but you can make up you own. lol



Quoting jac28403
We still should be waiting for the retrace of 8860 until we go in for a buy, right?
  • #1,011
  • Nov 15, 2006 7:56pm Nov 15, 2006 7:56pm
lol. Thats ok I think I'll leave it to the experts.

Quoting fixme1too
That is my rule but you can make up you own. lol
  • #1,012
  • Nov 15, 2006 8:00pm Nov 15, 2006 8:00pm
If you bought audusd and nzdusd you should be in profit now. If you sold the E/J at 151.32 you should be in profit now. If you bought the cable at 50% fib level you should be in profit now with an idea of where we will go. Since telling you " still not to late to sell the e/j we have dropped 30 pips this is our BIG C WAVE down to at least 150.00. Lets get this money guys and have fun doing it.
  • #1,013
  • Nov 15, 2006 9:29pm Nov 15, 2006 9:29pm
I am studying Elliott Wave now, and I am so thankful that you are having this discussion so I can learn from you. I ttok the Elliott Wave International course on trading zigzags over the weekend, and it looks to me like the Fibo Expansion tool on MT-4 mathematically figures the Elliott Wave targets. Anyone here using that? I see them on the fibo-group charts.
  • #1,014
  • Nov 15, 2006 10:26pm Nov 15, 2006 10:26pm
Quoting LadyofMusic1
I am studying Elliott Wave now, and I am so thankful that you are having this discussion so I can learn from you. I ttok the Elliott Wave International course on trading zigzags over the weekend, and it looks to me like the Fibo Expansion tool on MT-4 mathematically figures the Elliott Wave targets. Anyone here using that? I see them on the fibo-group charts.
Hi LadyofMusic1,

May I ask, how does the Fibo expansion work, meaning from which point to which point? What does it imply? In advance thanks for your help.
  • #1,015
  • Nov 15, 2006 10:47pm Nov 15, 2006 10:47pm
There are some excellent (and free) video explanations of how to use this tool here:

http://www.mjbraun.net/

but be aware fib expansion is NOT the same as fib extension, so please don't confuse the two
  • #1,016
  • Nov 15, 2006 10:54pm Nov 15, 2006 10:54pm
FixMe,

Your thread is getting better all the time and now past the 1000 posts marker.



Sun
  • #1,017
  • Nov 15, 2006 10:57pm Nov 15, 2006 10:57pm
Quoting fixme1too
This chart shows where big C will end and if you look closely you will see that it is also 78.6% of the BIG 5 WAVE. I hope this helps. Also look at the chart of the cad chart you will see this is how the cable is gonna play out.

Fix,

Help me out here please, I get the end of wave 5 long ago, see the area I am confused about I thought it may be a corrective triangle abcde. your 5th wave ends a lot more recently than mine. Tell me what that are is that I am confused about.

Thanks.
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Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,018
  • Nov 15, 2006 11:03pm Nov 15, 2006 11:03pm
Quoting Xerof
There are some excellent (and free) video explanations of how to use this tool here:

http://www.mjbraun.net/

but be aware fib expansion is NOT the same as fib extension, so please don't confuse the two

Thanks for the lead. Appreciate much. Using metatrader. It has Fib expansion. Thanks again Xerof.
  • #1,019
  • Nov 15, 2006 11:59pm Nov 15, 2006 11:59pm
Where are we at with the AUD,NZD and EUR/JPY?

Regards

Alex
  • #1,020
  • Nov 16, 2006 2:46am Nov 16, 2006 2:46am
Thanks for your replies and charts Fixme.
My end goal with all of this is to be able to make my own EW calls, anticipating reversal points and price targets with a high degree of accuracy. I mean, what happens when you go on vacation!

Thanks for your patience.

Adam F
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