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Elliott Wave Counting with EG

  • #1,821
  • Feb 2, 2008 10:27am Feb 2, 2008 10:27am
Quoting bunton
Could someone with ew skills please post a macro chart of USD/JPY from 1980's top?
here you go bunton. it looks like that right now we are at the end of the wave 4 in descending triangle with flat bottom and declining top. I believe that this year could be the year of JPY, that means that i am expecting price to breakthrough bottom from B and D.This are my minimum expectations, cause price should go much lower in the future...
i hope that i helped you a little
nice trading, grega

Attached Image (click to enlarge)
Click to Enlarge Name: ew1.GIF Size: 16 KB
  • #1,822
  • Feb 2, 2008 11:35am Feb 2, 2008 11:35am
Money's count is my primary long term count on USDJPY; although, the current price movement doesn't confirm this count yet.

Here are my two counts:

http://i262.photobucket.com/albums/i...lta12708-1.gif

http://i262.photobucket.com/albums/i...ujltc12708.gif
  • #1,823
  • Feb 2, 2008 1:07pm Feb 2, 2008 1:07pm
Quoting bunton
Now that GU has completed the anticipatory wave the next bull task is to clear anticipatory high. Once this occurs or should it then I think it is safe to assume the impulse has registered. If it does not register then it is safe to assume we have a failure.
I'm not sure what you're saying?

GBPUSD is about to fall like the dickens....
  • #1,824
  • Feb 2, 2008 1:30pm Feb 2, 2008 1:30pm
Hey guys thanks for your charts. They both look awesome, although both differ on direction...

Now how does this macro level (monthly) tie into the weekly, daily? I'm not referring to 15m charts. I do see that monthly resistance was rejected. How do you get your counts to match over these time frames I've indicated? How important is the macro when looking at the daily?
Check Mate GAME OVER
  • #1,825
  • Feb 2, 2008 1:33pm Feb 2, 2008 1:33pm
Happy Counting! I want you all to become better counters. Will you guys join me in populating my forum? I'll teach you what I know and we can hold chat sessions and we can formulate questions back and forth. I'm not trying to make money with the forum, I'm trying to become a better Elliott Wave counter and help other people count. The money will come from good wave counts!

-Adrian[/quote]


I would like to be apart of your chat please let me know the site. thanks
Losers Complain, Winners Train! Utah
  • #1,826
  • Feb 2, 2008 1:34pm Feb 2, 2008 1:34pm
Quoting s3padrian
I'm not sure what you're saying?

GBPUSD is about to fall like the dickens....
The anticipatory move was the last bump up. Looking from a daily time frame. Now should the last MSH (market structure high) get taken out I think the impulse wave up could begin. Now if it does not then we have a retrace from the corrective wave down.
Check Mate GAME OVER
  • #1,827
  • Feb 2, 2008 1:36pm Feb 2, 2008 1:36pm
Well, first you need to get one of the wave books.

Secondly you're suppose to work inside out. The longer term chart will show itself once you have the shorter term

USDJPY is at the pinnacle of decision time. February will determine what wave count is correct. The short term price movements have been VERY VERY unclear since December.
  • #1,828
  • Feb 2, 2008 1:41pm Feb 2, 2008 1:41pm
Quoting bunton
The anticipatory move was the last bump up. Looking from a daily time frame. Now should the last MSH (market structure high) get taken out I think the impulse wave up could begin. Now if it does not then we have a retrace from the corrective wave down.

The trend on GBPUSD is down. "Funnymentally" the nonfarm is a nice lagging indicator that shows that we're definitely in a recession. Unfortunately that also means that the global economy will compensate for the US's mess.

GBPUSD should make a new low or come pretty close to it. I'd be very careful in looking for places to buy.

I'll post up a chart later, but we should be in the 5th wave or some larger degree.

OR, we could be in a more complex correction with the fall starting larger degree B. If that's the case, then the longs might be ok. I haven't tried to perfect my count on GU.
  • #1,829
  • Feb 2, 2008 1:43pm Feb 2, 2008 1:43pm
Quoting s3padrian
Well, first you need to get one of the wave books.

Secondly you're suppose to work inside out. The longer term chart will show itself once you have the shorter term

USDJPY is at the pinnacle of decision time. February will determine what wave count is correct. The short term price movements have been VERY VERY unclear since December.
So why do so many lose cash going long? What is the daily count tell us? Does it indicate a bullish reversal? I think not at this juncture. Anyway guys thanks for your time and efforts to post the macro charts. I feel at this point the macro is very important..
Check Mate GAME OVER
  • #1,830
  • Feb 2, 2008 1:49pm Feb 2, 2008 1:49pm
well, we have tons of head and shoulder patterns happening. We break 105. then I'll be more convinced of us being in my primary count. Otherwise, USDJPY has been too risky for an Elliott Wave counter since price patterns haven't been clear Elliott Wave patterns (usually an indication that we're in a corrective series).
  • #1,831
  • Feb 2, 2008 1:58pm Feb 2, 2008 1:58pm
Quoting bunton
So why do so many lose cash going long? What is the daily count tell us? Does it indicate a bullish reversal? I think not at this juncture. Anyway guys thanks for your time and efforts to post the macro charts. I feel at this point the macro is very important..
Post up a daily or hourly chart of USDJPY and I'll take a look at it. My counts stopped after the huge fall we had in January that didn't make any real retraces. (Possibly a double zigzag ending in a flat)
  • #1,832
  • Feb 2, 2008 2:00pm Feb 2, 2008 2:00pm
Quoting Mightypip
Happy Counting! I want you all to become better counters. Will you guys join me in populating my forum? I'll teach you what I know and we can hold chat sessions and we can formulate questions back and forth. I'm not trying to make money with the forum, I'm trying to become a better Elliott Wave counter and help other people count. The money will come from good wave counts!

-Adrian

I would like to be apart of your chat please let me know the site. thanks[/quote]


It's already up, but I'm working out a name for it. Give me the rest of the day and I'll pm you a link.
  • #1,833
  • Feb 2, 2008 2:52pm Feb 2, 2008 2:52pm
Adrian and EG,

Thanks for the PMs and comments.

I'll look into the 'less is more' approach book Adrien.
I feel that same way.

I've only been in Forex for about 6 weeks.
First few weeks, I was using everything under the sun and losing my shirt.

Went to an easy, simple approach using just QQE, ZL Stoch and Fibs and I doubled one account in the last two weeks and more than Tripled my 'slush fund' account last week.

Just looking into the Wave aspect to help predict, to an extent which direction a pair would be flowing, as I will ONLY trade with the trends now and it's been working much better than trying to scalp a pair, both ways.

Thanks again and hope all are having a great Superbowl (for americans) weekend.

kj

Go Pats ! ;-)
  • #1,834
  • Edited 7:23pm Feb 2, 2008 7:11pm | Edited 7:23pm
Eliott Waves : Hard at work

" E "- waves - ( Chart example of rules )
----------------------------------------------------
Which one is occurring in the Usd/Yen ?.......

----------------------------------------------------
/////////////////////////////////////////////////////////////

http://i29.tinypic.com/11sz4vl.jpg
  • #1,835
  • Feb 2, 2008 7:17pm Feb 2, 2008 7:17pm
Usd/Yen

This chart :
originally posted by , Adrian


Looks very close to what appears to be occurring Longer-Term .
---------------------------------------------------------------------

( Double Click on chart to enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: YEN-2-01-2008-1#.gif Size: 16 KB
  • #1,836
  • Feb 2, 2008 7:50pm Feb 2, 2008 7:50pm
Usd/Yen

Movement toward the " End of wave C " ?
------------------------------------------------------
Only a Probability ! ................. Not Cast in Stone !
------------------------------------------------------


( Double click on chart to enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: YEN-2-01-2008-2#.gif Size: 21 KB
  • #1,837
  • Feb 2, 2008 7:53pm Feb 2, 2008 7:53pm
Quoting BRForex
I need "Cycle degree" chart from GBP/USD...

can u share ?

thanks

I still waiting ... can help ?
  • #1,838
  • Feb 2, 2008 8:02pm Feb 2, 2008 8:02pm
Quoting BRForex
I still waiting ... can help ?
What time frame are you looking for ?
//////////////////////////////////////////////////
Here is a great thread that only talks about Gbp/Usd
Go check it out -

http://forexfactory.com/showthread.php?t=10378

-----------------------------------------------
  • #1,839
  • Feb 2, 2008 8:06pm Feb 2, 2008 8:06pm
Only a Probability ! ................. Not Cast in Stone !
Attached Image
  • #1,840
  • Feb 2, 2008 8:21pm Feb 2, 2008 8:21pm
Quoting marketwavez
What time frame are you looking for ?
//////////////////////////////////////////////////
Here is a great thread that only talks about Gbp/Usd
Go check it out -

http://forexfactory.com/showthread.php?t=10378

-----------------------------------------------
Hi, i am looking for "Daily" or "H4" chart.

I know this thread about cable.

Thanks.
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