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  • #1,601
  • Jun 23, 2007 1:55pm Jun 23, 2007 1:55pm
2000 pip decline in one week is something I need. I'm sick of getting my rush from throwing water balloons at cars.
  • #1,602
  • Jun 23, 2007 4:22pm Jun 23, 2007 4:22pm
Quoting BillGatesJordan
Dear African Pip,

Even though I agree with you on the 78.6 fibo at 2.0022 but I dont believe that we will go down more than 1.9850 - 1.9800 maximum, Because I see an ending diagonal for the Big move on the GBP, if you look at the chart hereunder on the weekly frame you will see an ending diagonal a-b-c-d- and going now for the e which touches the uper line at almost 2.0400 and from there a very big drop is expected a one like the 1992 (Thousands of points down), because at that point the GBP will be ending the largest scale in the Elliott count. WHAT DO U THINK????

Hi BillGatesJordan,

I haven't really looked at the weekly in depth until now, thanks for that. I see where you are coming from with the Ending Diagonal count.

I personally like to try and keep the larger time frames as simple as possible, in other words a simple 1,2,3,4,5,A,B,C. But lets look at the Ending Triangle. It occurs mainly in the 5th wave, which it appears you have it. Although I think wave 5 has already finished

The preceding move must have been big and fast...... debatable but I don't think so.

We also need 5 waves sub divided into 3's, so 3-3-3-3-3, I dont really see that on the weekly chart.

I am also not sure how common ending diagonals are particularly on the larger time frames.

I have put down what I think as a count for the weekly, although I prefer the 4hr and Daily time frames. See what you think. It ties in with my daily count quite nicely I believe.

Kind Regards
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.jpg Size: 31 KB
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,603
  • Jun 23, 2007 5:06pm Jun 23, 2007 5:06pm
Watch this next week

-a pull back could start ?

Here's a view of ...........Nzd/Usd
----------------------------------------------
Attached Image (click to enlarge)
Click to Enlarge Name: Nzd-Usd-6-20-07-2.jpg Size: 52 KB
  • #1,604
  • Jun 23, 2007 5:17pm Jun 23, 2007 5:17pm
GbpUsd

The Gbp/Usd pushed its way into this minor wave 3
from earlier this week
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-06-18-2007-#1.jpg Size: 67 KB
  • #1,605
  • Jun 23, 2007 5:20pm Jun 23, 2007 5:20pm
And now reached its targets ........
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-06-19-2007-#3.jpg Size: 60 KB
  • #1,606
  • Jun 24, 2007 1:12am Jun 24, 2007 1:12am
Quoting africanpip
Hi BillGatesJordan,

I haven't really looked at the weekly in depth until now, thanks for that. I see where you are coming from with the Ending Diagonal count.

I personally like to try and keep the larger time frames as simple as possible, in other words a simple 1,2,3,4,5,A,B,C. But lets look at the Ending Triangle. It occurs mainly in the 5th wave, which it appears you have it. Although I think wave 5 has already finished

The preceding move must have been big and fast...... debatable but I don't think so.

We also need 5 waves sub divided into 3's, so 3-3-3-3-3, I dont really see that on the weekly chart.

I am also not sure how common ending diagonals are particularly on the larger time frames.

I have put down what I think as a count for the weekly, although I prefer the 4hr and Daily time frames. See what you think. It ties in with my daily count quite nicely I believe.

Kind Regards
I believe that we should consider this cenario, the waves are 3's look deeply you see them threes, any way we agree that we will retrace from 2.0020 down if we hold above 1.9800 and get a move back this cenario is valed and if we break the 1.9730 (the lower line) then your cenario is in place, let us watch closely.
  • #1,607
  • Jun 24, 2007 2:45pm Jun 24, 2007 2:45pm
Cable could go up to make double top or continue bullish
  • #1,608
  • Jun 24, 2007 6:16pm Jun 24, 2007 6:16pm
Quoting KipperII
Cable could go up to make double top or continue bullish
I agree! Price will go up unless it goes down.
Trust price. Know yourself.
  • #1,609
  • Jun 24, 2007 8:52pm Jun 24, 2007 8:52pm
Quoting SeekingLight
I agree! Price will go up unless it goes down.
LOL.

I think there is a one in a trillion chance it will stay in a 5 pips range. :
  • #1,610
  • Jun 27, 2007 7:09am Jun 27, 2007 7:09am
The Cable started the downtrend from 2.0015, I believe it will go down to 1.9815 or something before it will gain momentum to continue to 2.0350 or something, the break of 1.9700 will mean the drop will continue to 1.9200 or something.

Any coments or something ? HA HA HA
  • #1,611
  • Jun 27, 2007 8:38am Jun 27, 2007 8:38am
Quoting BillGatesJordan
The Cable started the downtrend from 2.0015, I believe it will go down to 1.9815 or something before it will gain momentum to continue to 2.0350 or something, the break of 1.9700 will mean the drop will continue to 1.9200 or something.

Any coments or something ? HA HA HA

Possible wave count on the 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 28 KB
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,612
  • Jun 27, 2007 8:39am Jun 27, 2007 8:39am
fitting in to the daily
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 32 KB
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,613
  • Jun 28, 2007 3:01am Jun 28, 2007 3:01am
What do you think after we passed the 2.0015 to 2.0042 ??
  • #1,614
  • Jun 28, 2007 5:20am Jun 28, 2007 5:20am
Quoting BillGatesJordan
What do you think after we passed the 2.0015 to 2.0042 ??
I don't see it going much higher than 2.0042. If it does it won't make new highs. We need this big C down to happen first. The period to watch is the hour or so before the US open, going into the first hour this may give us a clue as to the movement for the rest of the day, saying that there is the statement later, so that what we have seen around US open over the last few days may be subdued somewhat. Globally monetary committees are talking about inflationary pressure so I don't see the US taking their eye off that ball just yet.
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #1,615
  • Jul 3, 2007 3:45am Jul 3, 2007 3:45am
It seems that the GBP made his high at 2.0194 and started its correction phase to below 2.0000 (God Only knows)
  • #1,616
  • Jul 4, 2007 8:34pm Jul 4, 2007 8:34pm
Anyone else see that ? All eyes now on the third touch to the upside. Watch out for a false breakout and then down. A classic Wolfe Wave pattern(http://www.investopedia.com/articles.../05/040405.asp) in progress
Attached Image
  • #1,617
  • Jul 5, 2007 1:37am Jul 5, 2007 1:37am
Quoting JimboFX
Anyone else see that ? All eyes now on the third touch to the upside. Watch out for a false breakout and then down. A classic Wolfe Wave pattern(http://www.investopedia.com/articles.../05/040405.asp) in progress

I've posted this cenario ten days ago, but bear in mind that we did not make any serious corection from the start of the move from the lower line it should go in ABC sequence therefore I believe we will go under 2.0000 before it continues the rally to the uper line to form the ABC pattern.

Any comments (Wolfes)
  • #1,618
  • Jul 5, 2007 2:50am Jul 5, 2007 2:50am
Quoting JimboFX
Anyone else see that ? All eyes now on the third touch to the upside. Watch out for a false breakout and then down. A classic Wolfe Wave pattern(http://www.investopedia.com/articles.../05/040405.asp) in progress

Hi,

I am trying to learn Elliot Wave, I am very interested with the elliot wave osicllator you are using. Possible to share this indicator???

Your help and kindness greatly appreciated. Thanks.

Regards

Cheong
  • #1,619
  • Edited 10:49am Jul 5, 2007 9:13am | Edited 10:49am
Here you go. But I only use it to spot a divergence.
Attached File(s)
File Type: mq4 Elliott_Wave_Oscillator.mq4   2 KB | 734 downloads
  • #1,620
  • Jul 5, 2007 7:24pm Jul 5, 2007 7:24pm
Nice 5 wave pattern
Attached Image (click to enlarge)
Click to Enlarge Name: cable, 7-5.gif Size: 13 KB
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