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Elliott Wave Trading

  • #61
  • Jul 30, 2008 5:00am Jul 30, 2008 5:00am
OK no hard feelings.

Tell me one thing where will be yen index after 2 months below 240 or above ?
Can you answer for this one simple question ?

here is a chart


http://stooq.pl/q/?s=jpy_i&c=5y&t=c&a=lg&b=0
  • #62
  • Jul 30, 2008 8:06am Jul 30, 2008 8:06am
hi all,

Pls see chart for Eur/Gbp wave count. i guess price will range down to 0.76-0.75 before return to it up trend.

Pls post if any alternative counting for eur/gbp..
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 17 KB
  • #63
  • Jul 30, 2008 8:13am Jul 30, 2008 8:13am
wavecount for Eur/Usd.

Wave 5 will until purple color trend line. Once wave 5 ended there market will move in up direction if trend line is not broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 16 KB
  • #64
  • Jul 30, 2008 8:24am Jul 30, 2008 8:24am
Very nice chart i see the same.
Price seat near ema100 daily and seems to accelerate
breakout soon
will buy at .7650
  • #65
  • Jul 30, 2008 8:25am Jul 30, 2008 8:25am
Quoting Blue bottle
hi all,

Pls see chart for Eur/Gbp wave count. i guess price will range down to 0.76-0.75 before return to it up trend.

Pls post if any alternative counting for eur/gbp..

Hi 5ysfx,

Any advice about my chart setup?? I SHORTed with the target of wave 4. SL and TP not yet selected.
  • #66
  • Jul 30, 2008 8:47am Jul 30, 2008 8:47am
Usually I do not touch this pair but with that setup trade is pretty safe
Thx for the tip I am with u bro

Eurusd is ok too till 1546 i think even lower 5350
Attached Image (click to enlarge)
Click to Enlarge Name: eurg.PNG Size: 50 KB
  • #67
  • Jul 30, 2008 9:07am Jul 30, 2008 9:07am
I zoomed out as far as I could with the Yen index....movement since high appears to be a 4th wave....we are in C....to early to tell if we have bottomed......

I am short eur/pound since 7890....... 7550 is ultimate target...we will see........immediate target is 7840ish..it need to break to have more downside

I have same thing on Euro, we are approaching 76.4% retrace of 5 wave sequence begining at 5300.....
  • #68
  • Jul 30, 2008 9:39am Jul 30, 2008 9:39am
Quoting 12345abc
I zoomed out as far as I could with the Yen index....movement since high appears to be a 4th wave....we are in C....to early to tell if we have bottomed......

I am short eur/pound since 7890....... 7550 is ultimate target...we will see........immediate target is 7840ish..it need to break to have more downside

I have same thing on Euro, we are approaching 76.4% retrace of 5 wave sequence begining at 5300.....

Thanks a lot for analysis and feedback.

Feel free to post us other pairs counting too.
  • #69
  • Jul 30, 2008 9:50am Jul 30, 2008 9:50am
agreed with the max timeframe
what about closer look
pick 3m and 5m timeframe
Do you agree that we are just starting 3rd wave which is wave 5 from 2007 bottom.
Wave 4 has finished at 231.8 which is fibo 50% of wave 3
  • #70
  • Jul 30, 2008 10:44am Jul 30, 2008 10:44am
expecting this pattern as a wave 5
but if wave 4 is only massive bearflag(from 196-216) then god save the quin.
shorted from 21430
12345abc any comment on this ?
Attached Image (click to enlarge)
Click to Enlarge Name: quin.PNG Size: 70 KB
  • #71
  • Jul 30, 2008 11:01am Jul 30, 2008 11:01am
similar on uj

I dont expect the price broke the ema 200 just like that.
Besides emas at momentum has crossed for the first time in this wave.
Any comments will be appreciated
Attached Image
  • #72
  • Jul 30, 2008 11:29am Jul 30, 2008 11:29am
I dont know about everyone else but these last two weeks
have been tough on a wave count for me. But I think I have the
count down now. If I am right, I look for waves 1 and 2 to form
upwards between now and NFP. At which time, I hope it trigers
wave 3 up once the # comes out.
Attached Image (click to enlarge)
Click to Enlarge Name: EWI chart GBPUSD.gif Size: 35 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #73
  • Jul 30, 2008 11:46am Jul 30, 2008 11:46am
This is the daily chart with my current veiw
of the larger wave count. But we all know that
price action can change that, but this count is
in the lead right now
Attached Image (click to enlarge)
Click to Enlarge Name: EW chart GBPUSD 1.gif Size: 22 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #74
  • Jul 30, 2008 12:30pm Jul 30, 2008 12:30pm
A nice 5 wave move up off the lows, I booked 58 pips.
I am expecting a bigger wave 1 and 2 then the one you
see before the NFP
Attached Image (click to enlarge)
Click to Enlarge Name: EW chart GBPUSD 2.gif Size: 15 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #75
  • Jul 30, 2008 1:25pm Jul 30, 2008 1:25pm
@5ysfx & 12345abc
Juz keep it calm bros... We share here, so peaceful harmony environment is an essential environment for us to share out points here.

Glad to have both of you to posting charts here and comments here. It is valuable for all of us.

For an EW analysis, I believe different ppl will have different outcome whereby EW is not those indicator (whereby lag of time).

Posted up a chart could explain the stuff 100times easy for all the ppl, 12345abc.

Juz my small humble opinion
mphpopular
  • #76
  • Jul 30, 2008 1:43pm Jul 30, 2008 1:43pm
yes i will be calm from now
but i dont like people who says " i know how but wont tell u"
U know what i mean.
Im calm now and will be post whatever i like
  • #77
  • Jul 30, 2008 5:31pm Jul 30, 2008 5:31pm
wow have I said anything that could be construde as angry???? I believe I have done nothing but compliment anyone here that can trade for a living.... where in the FF contract does it say I need to show all here how to count waves?....in any of my posts have I named any one person about counting waves wrong?..like I said earlier..I'm not sure how involved I want to become here and I surely don't want to get myself in a teaching situation......if I post a chart in the future it will be clear, consise with each sub wave clearly marked...that is the key to counting, 99% of "counters" mix in subwaves in thier primary counts throwing them off and thus doing nothing other than counting up and downs instead of acual waves of the same degree.......if you find yourself using alot of X waves or truncated this or that...odds are you are in the up and down trap......
  • #78
  • Jul 30, 2008 11:03pm Jul 30, 2008 11:03pm
Quoting 12345abc
wow have I said anything that could be construde as angry???? I believe I have done nothing but compliment anyone here that can trade for a living.... where in the FF contract does it say I need to show all here how to count waves?....in any of my posts have I named any one person about counting waves wrong?..like I said earlier..I'm not sure how involved I want to become here and I surely don't want to get myself in a teaching situation......if I post a chart in the future it will be clear, consise with each sub wave clearly marked...that is the key to counting, 99% of "counters" mix in subwaves in thier primary counts throwing them off and thus doing nothing other than counting up and downs instead of acual waves of the same degree.......if you find yourself using alot of X waves or truncated this or that...odds are you are in the up and down trap......
Just focus on our goals over here, making a lot of money.
Peace out
  • #79
  • Jul 31, 2008 7:04pm Jul 31, 2008 7:04pm
AUS/USD.

End of wave 5 is confirmed. I am going long for wave A.

SL placed just above the trendline at 0.9373
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aususd.gif Size: 17 KB
Click to Enlarge Name: aususdsm.gif Size: 15 KB
  • #80
  • Jul 31, 2008 7:19pm Jul 31, 2008 7:19pm
What confirmed the end of the 5th wave? could you please show me the 5 waves of the 5th wave? also...no chance of 5 extending? I'm only asking, why trade A? and risk getting run over by this move down? why not wait for the bottoming of B and get the impulse of C with firm projections of length.....just wondering out loud here......it comes down many times to style....trade alot, or trade like a laser at only certian super high probablity points......
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