Elliot Wave Trading

thx....an opinion on nzd and usd/cad would be appreciated too ...

move on the NZD should bounce off of 6648-6656 go down to 6592 to 6621 before we go up to 6714 before we short going down to 6484 6470's

could u tell me we re in wut wave for aud/usd coz i cant figure out where re we now.....as far as i could see, we re in wave 2 heading downward in 1h chart...and for 4h, i have no idea at all...

move on cad and E\J short immediately with tp on the cad at 1362 before bounce and E/j tp first at 150.00

big 1 wave on 1hour bout to go down to complete a 2 wave and start of the mini 5 wave on the daily but you know 5 waves have 5 smaller waves within them to complete the 5 wave. So to confuse you all more lol while still trying to keep it simple on the daily of the aud we are in a BIG B WAVE overall. just finished an mini abc pattern last thursday which also was the end of a 4 wave now we are at the start of a mini 5 wave with in the BIG B WAVE and have just completed 1of 5 of this mini 5 wave.

Dont let the CABLE scare you out of your long next week if you pulled the trigger and went long. Might be good idea to tp now if you are up and let it retrace to complete the two wave on the daily as we completed 1 wave on friday. once mini 2 wave complete all aboard for the ride up.

Looks like I'm already strapped in for the ride downwards

FIX where do u estimate the miniwave 2 will retrace to on cable? also how come the euro hant moved in sync ?

yep

Was talking to one of the team mates read this just as a heads up of what could happen. Ok
charles johnson: ok look at the cable 11 20 06 at 1200 on the 4 hour
Nick Chestney: errrrrrr, 20 11, in the US thats the 20th of Nov?
charles johnson: yeo
Nick Chestney: it's only the 18th over here?
charles johnson: yep
charles johnson: no i meant 11 10 lol
Nick Chestney: my charts don't show forwards
Nick Chestney: ah
Nick Chestney: ok
charles johnson: the bar to the left is the top of a C WAVE BIG
charles johnson: ok
charles johnson: you with me
Nick Chestney: just got to sort out the time diff
charles johnson: ok
charles johnson: let me know when ready
Nick Chestney: I have a line on the 10/11/06
charles johnson: not oct 11, nov 11
charles johnson: is the one
Nick Chestney: But it is showing a consolidation candle, no big mover
charles johnson: hmm
Nick Chestney: ah
Nick Chestney: nov 11th
charles johnson: yep
Nick Chestney: yep I have that one
charles johnson: ok the bar to the left is the BIG C
Nick Chestney: 9177
charles johnson: yep
charles johnson: that is BIG C
Nick Chestney: k
charles johnson: the bar on nov 11 is the start of the 1 wave
charles johnson: look at the high
charles johnson: 9159\
charles johnson: the next fourt bar is the top of 2 before the big move down
Nick Chestney: the next lower high?
charles johnson: 2 wave top was9153 6 pips away
Nick Chestney: k
charles johnson: that is what will happen tomorrow or monday with the cable
charles johnson: We have completed a BIG 1 wave
Nick Chestney: but in reverse??
charles johnson: yes in reverse
charles johnson: you got it
charles johnson: now we will go down 78% for the 2 wave
charles johnson: but can go 100% as long as it does not close there at 100%
charles johnson: same thing will happen
Nick Chestney: ah, thats the bugger
charles johnson: yep and what makes that happen some is the trend traders
charles johnson: and newbies
Nick Chestney: lol
charles johnson: thinking it will continue to conttinue the trend down
charles johnson: but stops at the 100% and the CABLE starts up and takes their money like taking candy from a baby lol
Nick Chestney: that is what f*cks me, then I get to realise that the brokers/the mkt just want's you to think that
charles johnson: lol
charles johnson: Thats funny
charles johnson: real funny
charles johnson: it took me a while to see
charles johnson: it too
charles johnson: man cable beat me like I stole something when I first started
charles johnson: lol
charles johnson: But no more

This is the same set up just like the cable last week so we should go to 150.00 we are in a C wave down. then bounce and go back up to 151.15-151.25



on E/J my first tp will be 150.00 then jump back in at 151.25 for short to 150.00

demo this for next week lets see how it works out. I did some calculations on the aud pair I still have my long open but have been trading the longer waves within the bigger wave jumpin in and out, so far I am up 60pips on the 1 wave and 50 pips on the 3 wave and can get 60 on the 5 wave for a total of 270 pips on the move compared to 100pips over all staying in from 7613 going to 7715. so I will post each wave with shorter tp and entry points

fix do u have some kind of doc outlining ur strat?

What do you mean?
http://www.forexfactory.com/forexfor...cons/icon5.gif

lol...u re too strong fixme1too...i lost a lot because the cable was a yo yo last week...till last friday, i made at about 100 pips for the first ride up of cable (it was 3*0.1 lots)..i was in wave 1....but i didnt even realized that i was in wave 1 till i reread the elliot wave ..unfortunately, i did entered for the last ride up at the peak of wave 1 ,...(it was 3*1 lot....too greedy...and i lost at about -10pips *3 lots....but at least i learn from mistake...fast movement of cable make me greedy..

Friday profit :
eur/jpn : 25pips (0.1)...
eur/gbp : 13 pips (0.1)
aud/usd : 20 pips (2 * 0.1)
gbp/usd : 43 pips (0.1) , 12 pips (0.1), 31 pips (0.1), 5 pips (0.1) , 3pips (1), -14 pips(1lot), -3 pips(1lot) , -19pips(1 lot).

using 1 lot is always the loser, while using 0.1 turn out to be almost 95% winner for me..

i trade news last thursday , and i made 2*25 pips....but it was 0.1 lot...

Hi fixme1too
Why you think cable will get down to 8860-35 ?!
I think that if we are 'lucky' it will go down maximum to 8900-8915
Why you think it should go back so down ?
Unless the G 20 meeting is moving something out of control, I see there is now a strong interest to buy cable to test 1.90-1.91 again.

Thanks

from the daily chart, we gonna ride B wave till 78% of wave A and going down for long c wave.....i think this is a zig zag correction...fixme1too correct me if em wrong..

Will see guys.

For me it sounds a bit too low, but if it is true, that will bounce at 1.8860 (so low), I will start to look Mr Elliot more seriously

Wait wait

Maybe I missed a part you said

So you are saying that now (from sunday night), first will go to 1.9030, and then go back to 1.8860 ?

1.8860 is not too low fixme1too?..

seems more than 78% retracement

p/s: sorry trucco.....it wasnt the answer 4 ur question...this 1 should be the answer..and i think maybe u re right..

according to elliott...normally wave 2 retrace more than 61.8% of wave 1