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  • #1,221
  • Nov 26, 2006 4:20pm Nov 26, 2006 4:20pm
Take a look at the EURGBP daily - this shows a descending triangle at the end of a larger triangle lasting months. The last few days are a retrace of this descending triangle, forming a 1 and 2 wave, right now starting a 3.

Projections for the EURO are very strong on this chart, especially if break of upper triangle resistance line occurs. This should happen relatively fast. The GBP is at or nearly at a wave 5 peak against the USD, as both will fall to bullish action of the EURO

This is a hypothesis, but the EUR and its crosses are the place to be imho
Say NO to global warming
  • #1,222
  • Nov 27, 2006 12:39am Nov 27, 2006 12:39am
what do you guys think of Neely? I am reading his book and he gives very specific details on how to analyze charts for EW...a lot different than other EW books that dont give much detail on procedure for analysis--ultimately allowing for subjective wave counts

he even goes specifically into what data to be used for forex analyzing--he recommends analyzing only one session at a time or (this method is untested but suggested) using midpoint only or a special form of high/low data
  • #1,223
  • Nov 28, 2006 6:13am Nov 28, 2006 6:13am
What about this thread?

Dead?

Where is Fixme?
  • #1,224
  • Nov 28, 2006 6:53am Nov 28, 2006 6:53am
Fixme left
fxtrada.com
  • #1,225
  • Nov 28, 2006 9:26am Nov 28, 2006 9:26am
that really stinks...
  • #1,226
  • Nov 28, 2006 9:32am Nov 28, 2006 9:32am
Why would you say this. If you check his profile, He was online today at 13:57



Quoting lifetime_trader
Fixme left
  • #1,227
  • Nov 28, 2006 12:41pm Nov 28, 2006 12:41pm
Quoting smjones
Why would you say this. If you check his profile, He was online today at 13:57
"Left" as in he said he will no longer be participating in the thread.
To be one with the market, you must first be one with yourself.
  • #1,228
  • Nov 28, 2006 1:12pm Nov 28, 2006 1:12pm
Oh I see, thanks.



Quoting Unforeseen
"Left" as in he said he will no longer be participating in the thread.
  • #1,229
  • Nov 28, 2006 9:19pm Nov 28, 2006 9:19pm
The storm should be over soon. This also shows on all pairs with usd cross. I WONDER IF MR. BERNANKE was also informed of this. This is a BIG B WAVE top BIG C Wave going down just as we did in 1994 but then we were at the top of a 5 wave completing 12 1 05 now we are about to complete the top of this B WAVE. If you all watched MR. Bernanke today and have the recording. Count how many times he said cyclical.

<!-- google_ad_region_start=def -->

cyclical  Pronunciation Key - Show Spelled Pronunciation[sahy-kli-kuhhttp://cache.lexico.com/dictionary/g...una/thinsp.pngl, sik-li-] Pronunciation Key - Show IPA Pronunciation
–adjective <TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>1.</TD><TD vAlign=top>cyclic. </TD></TR></TBODY></TABLE><TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>2.</TD><TD vAlign=top>of or denoting a business or stock whose income, value, or earnings fluctuate widely according to variations in the economy or the cycle of the seasons: Selling Christmas decorations is a cyclical business. </TD></TR></TBODY></TABLE>–noun <TABLE class=luna-Ent><TBODY><TR><TD class=dn vAlign=top>3.</TD><TD vAlign=top>Usually, cyclicals. stocks of cyclical companies. </TD></TR></TBODY></TABLE>


now we are again coming up on 12-06 and should be soon making another move.




BIG MOVE DOWN, with the momentum from today and the candle stick of today. Very good chance we will see that 9605 to 9650 mark. We may retrace for now to get the RSI down but overall there is a chance to go up just a little before we really go down..


I SAID MAYBE A MONTH AGO.... I hope you have your money ready BECAUSE WE SHOULD REALLY GO DOWN OVERALL NEXT YEAR.... MEANING DOWNWARD TREND ALL OF NEXT YEAR open short position soon for maybe 1 pip= 1dollar and just leave it for the year as a SAVINGS ACCT.


C YA SOON


FiXmE1ToO
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  • #1,230
  • Nov 28, 2006 9:35pm Nov 28, 2006 9:35pm
i had registered my nick to discuss forex stuff in forex, but same day, you decided to leave! lol, not good

now you're back, welcome!

we missed you!
  • #1,231
  • Nov 28, 2006 9:42pm Nov 28, 2006 9:42pm
yeah back but will just stop in periodically here and there. but can always be reached online via yahoo



Quoting m00jiman
i had registered my nick to discuss forex stuff in forex, but same day, you decided to leave! lol, not good

now you're back, welcome!

we missed you!
  • #1,232
  • Nov 28, 2006 9:45pm Nov 28, 2006 9:45pm
Others, Pls respect the owner of the thread - Fixme. I don't want to loose this guy again.

For others who think they count better EW...pls go and open your own thread. We have benefit a lot from fixme willingness to share his knowledge.

Fixme,
Welcome back....
Shah For every action there is an equal and opposite reaction.....
  • #1,233
  • Edited Nov 29, 2006 12:34am Nov 28, 2006 11:40pm | Edited Nov 29, 2006 12:34am
question;

i thought B waves have 3 parts, but you siad this is a B wave and this has 5 parts?

thanks for the help fixme
  • #1,234
  • Nov 29, 2006 2:23am Nov 29, 2006 2:23am
Again referencing Prechter, Robert (1978) - The Elliot Wave Principle.

"Quite often, if a large correction begins with a simple a-b-c zigzag for wave A, wave B will stretch out into a more intricately subdivided a-b-c zigzag to achieve a type of alternation.... Sometimes wave C will be yet more complex........ The reverse order of complexity is somewhat less common."

B waves can contain 5 waves when part of 'Complex' corrective structures if wave A is 'Simple', or when part of 'Alternations within Corrective Waves' - ie a flat and a zig-zag together.

On top of all this is the issue of Degrees or scale.
The B wave Fixmeonetoo is refering to can be wave c of a corrective a-b-c of one lesser Degree.
He may have only shown the c wave count. Which is still valid.
Please correct me if I am wrong.



Quoting clam61
question;

i thought B waves have 3 parts, but you siad this is a B wave and this has 5 parts?

thanks for the help fixme
  • #1,235
  • Nov 29, 2006 2:33am Nov 29, 2006 2:33am
awesome. thanks!

cant wait to get my copy soon (coming from amazon)

Quoting ffwuc
Again referencing Prechter, Robert (1978) - The Elliot Wave Principle.

"Quite often, if a large correction begins with a simple a-b-c zigzag for wave A, wave B will stretch out into a more intricately subdivided a-b-c zigzag to achieve a type of alternation.... Sometimes wave C will be yet more complex........ The reverse order of complexity is somewhat less common."

B waves can contain 5 waves when part of 'Complex' corrective structures if wave A is 'Simple', or when part of 'Alternations within Corrective Waves' - ie a flat and a zig-zag together.

On top of all this is the issue of Degrees or scale.
The B wave Fixmeonetoo is refering to can be wave c of a corrective a-b-c of one lesser Degree.
He may have only shown the c wave count. Which is still valid.
Please correct me if I am wrong.
  • #1,236
  • Nov 29, 2006 3:45am Nov 29, 2006 3:45am
Hey fixme1too glad too see your back at least periodically. Thanks for your insight.
  • #1,237
  • Nov 29, 2006 3:51am Nov 29, 2006 3:51am
Quoting fixme1too
because of my addictive behavior to FX. I had to post this did you see the bounce off of 117.19 on the USDJPY thats all I want to know. short now on the nzd at from6714 and short on aud from 7735 now. cable will reverse and eur should go down now. B wave up is complete on the daily. wait for todays close with the cable probably overshooting the 78% on the daily will more than likely cause the eur to go up a little as well but she is done and ready to fall. after cable completes the b wave look out below we will go down to the 8650's like I said two weeks ago. But mainly came on today for to ask did you see the USDJPY. leave the software alone you will loose money with it.http://www.forexfactory.com/forexfor...ons/icon12.gif
Hi Fixme,

you wrote what's above one week ago.

Now you're saying once again that the move is over.

Obviously before or later the move is over.

But since the post above on the euro we are up more than 300 pips, AUD and NZD more than 100 pips.

I would like to know if there was something wrong in your count and if yes what was wrong.

I'm learning EW and this could help me.

Thanks
  • #1,238
  • Nov 29, 2006 4:29am Nov 29, 2006 4:29am
look at the time frames will explain more later and the impulse waves on the different time frames. look to see where the retraction was or should have been I wrote a post stating that we should go to the 8650's before this one also said the same about the cable. then i had us going to where we are now. Read some more post I also said when things of this nature happen from history the EW usually corrects and goes back to where is should be. How bout you come to the webinar on Sunday. Shoot me a PM with your email.



Quoting thelongsoul
Hi Fixme,

you wrote what's above one week ago.

Now you're saying once again that the move is over.

Obviously before or later the move is over.

But since the post above on the euro we are up more than 300 pips, AUD and NZD more than 100 pips.

I would like to know if there was something wrong in your count and if yes what was wrong.

I'm learning EW and this could help me.

Thanks
  • #1,239
  • Nov 30, 2006 8:03pm Nov 30, 2006 8:03pm
earlier this week i posted a chart that was totally wrong. I will post a chart with the correct counts below. On itmes i posted possible 2'0s on the cable this is very possible soon I think tomorrow we may hit the 9775 area. we have broke through 9650's with ease a retrace should be coming very soon
major retrace ABC correction. after this strong possibility of seeing the 2'0s will be posting charts soon
  • #1,240
  • Nov 30, 2006 8:55pm Nov 30, 2006 8:55pm
daily with 3 going to 261 looking for 5 to die soon really liking 9775 area before retrace
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