Elliott Wave Trading | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Elliott Wave Trading by Ayax 2,105 replies

Elliott wave trading 94 replies

elliott wave trading channel 22 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Elliotters..Elliott Wave Trading 9 replies

Attachments: Elliott Wave Trading
Exit Attachments

Elliott Wave Trading

  • #381
  • Sep 9, 2008 2:10pm Sep 9, 2008 2:10pm
GBPJPY chart my count...we can see that price is forming a flag on the 15 min chart and it might break down...or might not...just wanted to share it
Attached Image (click to enlarge)
Click to Enlarge Name: elliot wave count.gif Size: 21 KB
  • #382
  • Sep 10, 2008 6:09am Sep 10, 2008 6:09am
anybody with this setup??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 13 KB
  • #383
  • Sep 10, 2008 3:01pm Sep 10, 2008 3:01pm
it does look like a valid count to me...but i dont trade the pair
  • #384
  • Sep 10, 2008 5:22pm Sep 10, 2008 5:22pm
Quoting Blue bottle
anybody with this setup??
Hey, Blue...

Can you count 5 waves down in 1? and in 3?
I can see 3 waves in 1, and it ends with a steep move like a w.3, but without w.4-5?? 3 is not the normal form with visible corrections and a step move in the middle.

A trick is to confirm the count in other major currencies, like I do with CHF/USD when EUR/USD is confusing. (I only trade EUR, with minor exceptions. ) Or gold. It also helps to find a MACD to confirm waves, some are better and settings are important. I also drill down to a small TF chart at smallest bar view, to see more ticks and price action. Hope that helps.

If in doubt, stay out.
  • #385
  • Sep 11, 2008 4:49am Sep 11, 2008 4:49am
Quoting FXoffshore
Hey, Blue...

Can you count 5 waves down in 1? and in 3?
I can see 3 waves in 1, and it ends with a steep move like a w.3, but without w.4-5?? 3 is not the normal form with visible corrections and a step move in the middle.

A trick is to confirm the count in other major currencies, like I do with CHF/USD when EUR/USD is confusing. (I only trade EUR, with minor exceptions. ) Or gold. It also helps to find a MACD to confirm waves, some are better and settings are important. I also drill down to a small TF chart at smallest bar view, to see more ticks and price action. Hope that helps.

If in doubt, stay out.

Thanks FXoffshore for reviewing my chart. In future i will more careful in counting.

Thanks for sharing your tricks in confirm the count with other currencies..
  • #386
  • Sep 11, 2008 2:58pm Sep 11, 2008 2:58pm
Quoting saeidhidari
gbp aud start wave 5
end wave 3:5
enter wave 4:5
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 12-9-2008.gif Size: 92 KB
  • #387
  • Sep 11, 2008 3:06pm Sep 11, 2008 3:06pm
nzad usd daily end wave 3:3
enter wave 4
Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd 11-9-2008.gif Size: 78 KB
  • #388
  • Sep 11, 2008 3:10pm Sep 11, 2008 3:10pm
cad jpy start wave 3 or c
Attached Image (click to enlarge)
Click to Enlarge Name: cad jpy 11-9-2008.gif Size: 64 KB
  • #389
  • Sep 11, 2008 3:21pm Sep 11, 2008 3:21pm
Does anyone have an Elliott based read on the USD strength as it relates to a turn in forex pairs?

 

  1. Did Euro find support finally at 1.3880?
  2. Is 1.1417 the top for Swissy?

  • #390
  • Sep 12, 2008 10:34am Sep 12, 2008 10:34am
I can count a 5-wave turn on Euro this morning - and it is impulsive!

This means the favored count where large wave (4) is complete at 1.3880, begins a return to the larger trend, and wave (5).

There is an alternate that the 5s could be a zig-zag correction, and it would look the same as impulse waves 1, 2, 3, and even 4 except there would be no 5 up, 4 would actually be an A down. This should trend up for a month, with some volatility, but contained within a channel.

Either way, there is a large move up in the cards now. I am looking for an entry on the w.2 pullback, after counting 5 tiny wave in C down, around 1.4048.

Hope that can wait until Monday, I hate having an newly open position before a weekend. Especially with some Russian-Venuzuela / America tensions developing in the Carribean.
  • #391
  • Sep 13, 2008 6:11am Sep 13, 2008 6:11am
Currently we're drawing 4th wave in irregular w-x-y correction,or we already started the up move.It's early to say,but I can see,that we're in 3/3/1 wave so I think we'll move towards 1.4420 without sharp correction.Time will show
GL GT
  • #392
  • Sep 13, 2008 8:05am Sep 13, 2008 8:05am
Quoting FXoffshore
I can count a 5-wave turn on Euro this morning - and it is impulsive!

This means the favored count where large wave (4) is complete at 1.3880, begins a return to the larger trend, and wave (5).

There is an alternate that the 5s could be a zig-zag correction, and it would look the same as impulse waves 1, 2, 3, and even 4 except there would be no 5 up, 4 would actually be an A down. This should trend up for a month, with some volatility, but contained within a channel.

Either way, there is a large move up in the cards now. I am looking for an entry on the w.2 pullback, after counting 5 tiny wave in C down, around 1.4048.

Hope that can wait until Monday, I hate having an newly open position before a weekend. Especially with some Russian-Venuzuela / America tensions developing in the Carribean.


Thanks a lot for the analysis..

I will try to post my charts tomorrow.. need some rest today
  • #393
  • Sep 13, 2008 8:52am Sep 13, 2008 8:52am
AudUsd chart.

We may expect long movement since end of wave 5 was reached, most probably.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aus.gif Size: 17 KB
Click to Enlarge Name: aus_h4.gif Size: 16 KB
  • #394
  • Sep 15, 2008 7:25am Sep 15, 2008 7:25am
EurUsd chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #395
  • Sep 16, 2008 3:32pm Sep 16, 2008 3:32pm
Hi all,

UsdJpy chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdj.gif Size: 19 KB
  • #396
  • Sep 16, 2008 6:51pm Sep 16, 2008 6:51pm
Hi, bluebottle.

In your EUR/USD chart, is that an A-wave or Wave 1 of a bullish reversal?

I'm inclined to think it's the latter.
Amor Fati--F. Nietzsche
  • #397
  • Sep 17, 2008 4:58am Sep 17, 2008 4:58am
Quoting doji
Hi, bluebottle.

In your EUR/USD chart, is that an A-wave or Wave 1 of a bullish reversal?

I'm inclined to think it's the latter.

Its wave-A.

Sorry for it.
  • #398
  • Sep 17, 2008 5:05am Sep 17, 2008 5:05am
Cable chart.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 12 KB
  • #399
  • Sep 17, 2008 5:18am Sep 17, 2008 5:18am
Quoting Blue bottle
EurUsd chart.


EurUsd chart.

If i am not wrong, end of wave-B is there and now in direction for wave-C
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
  • #400
  • Sep 17, 2008 5:47am Sep 17, 2008 5:47am
UsdJpy chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 14 KB
2 traders viewing now