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Elliott Wave Trading

  • #281
  • Aug 27, 2008 10:39pm Aug 27, 2008 10:39pm
Quoting anakmelayufx
My expectation UJ will going up at least to 110.10 before turning back to south by tomorrow. According to my analysis we should have around 5 - 7 hours uptrend pattern before complete to swing back to south.
Very good analysis..and it happening.

are u also using Elliott wave?
  • #282
  • Aug 27, 2008 11:00pm Aug 27, 2008 11:00pm
Hi 1235abc,

I am glad to see you back here..
  • #283
  • Aug 28, 2008 2:25am Aug 28, 2008 2:25am
Blue Bottle,

As far as the EUR/USD pair is concerned, I believe it's not done with Wave C yet. It's still doing a Wave 4 correction now in my view.
Amor Fati--F. Nietzsche
  • #284
  • Aug 28, 2008 2:35am Aug 28, 2008 2:35am
4hr Cable
Attached Image (click to enlarge)
Click to Enlarge Name: Cable_4hr.jpg Size: 71 KB
  • #285
  • Aug 28, 2008 3:45am Aug 28, 2008 3:45am
Quoting doji
Blue Bottle,

As far as the EUR/USD pair is concerned, I believe it's not done with Wave C yet. It's still doing a Wave 4 correction now in my view.
hi doji,


If possible post me the chart for easy understanding..

Are u referring to the wave 4 (red color) wc in my chart?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 18 KB
  • #286
  • Aug 28, 2008 4:14am Aug 28, 2008 4:14am
Quoting doji
Blue Bottle,

As far as the EUR/USD pair is concerned, I believe it's not done with Wave C yet. It's still doing a Wave 4 correction now in my view.
Think you are right on this call.

Looks like w.1 of C started at Tuesdays low of 1.4571 and completed the first leg up at 1.4778, then dropped to a w.2 low of 1.4666, and is now working on the last half of w.3 up.

EURO Seems to be working on a double-3 correction in w.4 of C with support around 1.4745-50 at the previous w.iv of 3 and .618 retracement levels converge. The count relies on the top of w.1 @ 1.4740 holding, for w.4 not to be in the range of w.1

I may go long near 1.4750 if the count looks complete, likely give it a chance to show a small 5 up and 3 down to confirm the larger trend is up again.

US GDP in 3 hours, I expect it will not be good news - lower than forecast, and that should shoot EURO 100 pips higher in the channel to complete w.3 - but larger w.4 may return back to this level, seems to be the pattern.

The behavior looks like a 1,2, - i,ii start of an extended w.3. There should be some rapid acceleration in the middle of w.3 higher. before the US session goes for lunch.
  • #287
  • Aug 28, 2008 5:13am Aug 28, 2008 5:13am
Quoting FXoffshore
Think you are right on this call.

Looks like w.1 of C started at Tuesdays low of 1.4571 and completed the first leg up at 1.4778, then dropped to a w.2 low of 1.4666, and is now working on the last half of w.3 up.

EURO Seems to be working on a double-3 correction in w.4 of C with support around 1.4745-50 at the previous w.iv of 3 and .618 retracement levels converge. The count relies on the top of w.1 @ 1.4740 holding, for w.4 not to be in the range of w.1

I may go long near 1.4750 if the count looks complete, likely give it a chance to show a small 5 up and 3 down to confirm the larger trend is up again.

US GDP in 3 hours, I expect it will not be good news - lower than forecast, and that should shoot EURO 100 pips higher in the channel to complete w.3 - but larger w.4 may return back to this level, seems to be the pattern.

The behavior looks like a 1,2, - i,ii start of an extended w.3. There should be some rapid acceleration in the middle of w.3 higher. before the US session goes for lunch.

Thanks FXoffshore for the analysis..

I missed something..need to redraw my waves..
  • #288
  • Aug 28, 2008 5:26am Aug 28, 2008 5:26am
gbp aud
enter wave c:4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbo aud 28-8- 2008 h4.gif Size: 69 KB
Click to Enlarge Name: gbo aud 28-8- 2008 15m.gif Size: 75 KB
  • #289
  • Edited 6:09am Aug 28, 2008 5:35am | Edited 6:09am
Blue Bottle,

Can't post my chart as I don't know how. Besides, I'm using Oanda.

At any rate, I believe Wave 4 of Wave C is finished at this point and Wave 5 has begun.

I hope it does not go way up since I'm holding a short position and have been waiting for quite a while for this up-wave to finally end.

Btw, I'm referring to the most current wave. My computation puts the top of Wave 5 at around 1.4832.
Amor Fati--F. Nietzsche
  • #290
  • Aug 28, 2008 6:11am Aug 28, 2008 6:11am
Quoting Blue bottle
Very good analysis..and it happening.

are u also using Elliott wave?
yeah i am also using elliott wave together with a few indicator
  • #291
  • Aug 28, 2008 6:28am Aug 28, 2008 6:28am
Quoting doji
Blue Bottle,

Can't post my chart as I don't know how. Besides, I'm using Oanda.

At any rate, I believe Wave 4 of Wave C is finished at this point and Wave 5 has begun.

I hope it does not go way up since I'm holding a short position and have been waiting for quite a while for this up-wave to finally end.

Btw, I'm referring to the most current wave. My computation puts the top of Wave 5 at around 1.4832.
Save your chart as image. Then in this page click 'add reply' then find 'manage attachment' and upload your image.

Remember save as JPG or smaller file size.
  • #292
  • Aug 28, 2008 10:37am Aug 28, 2008 10:37am
beast
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  • #293
  • Aug 28, 2008 12:00pm Aug 28, 2008 12:00pm
Eur/Usd

-------------------------------
End of wave "A " ................ ?
-------------------------------
http://i34.tinypic.com/11gnlhc.gif
  • #294
  • Edited 5:08pm Aug 28, 2008 4:51pm | Edited 5:08pm
Gbp/Usd

Short Term - Wavecount ............
---------------------------------------
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-08-28-2008-#1.gif Size: 30 KB
  • #295
  • Aug 28, 2008 6:36pm Aug 28, 2008 6:36pm
Quoting doji
Blue Bottle,

Can't post my chart as I don't know how. Besides, I'm using Oanda.

At any rate, I believe Wave 4 of Wave C is finished at this point and Wave 5 has begun.

I hope it does not go way up since I'm holding a short position and have been waiting for quite a while for this up-wave to finally end.

Btw, I'm referring to the most current wave. My computation puts the top of Wave 5 at around 1.4832.
Hope it helps you..
Attached Image
  • #296
  • Aug 28, 2008 6:38pm Aug 28, 2008 6:38pm
Quoting marketwavez
Eur/Usd

-------------------------------
End of wave "A " ................ ?
-------------------------------
http://i34.tinypic.com/11gnlhc.gif

Warm Welcome Marketwavez!!

I am glad that you joining us here in the thread..
  • #297
  • Aug 28, 2008 7:12pm Aug 28, 2008 7:12pm
Quoting Blue bottle
Hope it helps you..
Thanks for the instruction on posting charts, I forgot how, appreciate the reminder that it can be done within FF tools.
  • #298
  • Aug 28, 2008 7:45pm Aug 28, 2008 7:45pm
I am at a crossroads with EURO alternate counts. I was favoring the completion of large w.(4) of C up above 1.5000 - but the waves make me question that now, and favor two possibilities with 3 counts - both are triangles.

Either:

  1. w.4 is forming as a triangle currently in w.d of 4, or;
  2. w.5 is forming an ending diagonal triangle, currently in w.3 of 5. ??

I suspect a break to happen soon for a small w.c from 1.4700 to the 0.786 fibo at 1.4622 at the bottom of the equality box in the lower part of the red oval. Resistance has been strong at 1.4722 - holding 5 times today. I treat that triangle as w.b in the 3 leg zig-zag down to the triangle lower trend line.

Either way, the best trade is likely the rise back up to 1.4650 range tonight is my current plan. Careful though. I lost 10 pips after the GDP this morning moved up - then came back down - I did not see the reversal coming until after some sleep and further reflection on all these A-B-C waves. Only a triangle can have 3 x threes in a row (3 x 5 actually) but the third three is the clue that impulse is not possible. Another clue is the overlap of waves, especially when w.4 dips into w.1 price - rules out an impulse and rules in a triangle type.

Will trade with tight stops and careful confirmation of turns. Not a time to pick tops or bottoms! (my bad habit).

Attached Image (click to enlarge)
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  • #299
  • Aug 28, 2008 8:31pm Aug 28, 2008 8:31pm
GJ wave 5
Attached Image (click to enlarge)
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  • #300
  • Aug 28, 2008 9:02pm Aug 28, 2008 9:02pm
How to Attach a Chart .......


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Step 2 Save your chart as a jpeg image or giff image
( this is very important ! )
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Step 5 click the words "Post Reply" ( Light Blue color box) left hand side of page

Step 6 write your message in the blank space provided

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Step 8 Click on the words " Manage Attachments "( White color box )

step 9 You should now see 2 seperate boxes saying " Browse "

step 10 click any one onf these boxes that say " Browse "

step 11 now use the drop down box that appears to go to
" My Desktop"-
this is where you put your saved chart - Remember ?

Step12 find your chart by the name the tiltle you gave it

step 13 click on your chart by that name that you gave it

step 14 click on the word "Upload " ( White color box )


Step 15 Do this again if you want to add a second or third chart.

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Step 17 .... Check your messege for mispelled words

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