DislikedHi My30marabaha,
Pls refer my chart for UsdJpy. This pair now every complicated to count waves, so i might be wrong too.Ignored
My 15min chart
Attached Image (click to enlarge)
- #424
- Sep 23, 2008 12:35am Sep 23, 2008 12:35am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Weekly chart.
Blue, there is a good weekly CAD chart showing a large triangle and support level around 1.2050 - look in the news section from James Chen.
http://www.forexfactory.com/news.php?do=news&id=108707
A triangle would suggest a bounce to complete wave E, before crashing down to test a new low over the next few months.
My Eur long was good for 670 pip up to last night, then banked. USD may give a lot more back, but looking for a few clues on a small wave 5 start.
Your are rocking
.. 670pips in Eur, congrats. I only managed 200+ pips in EurUsd long, closed my trade early.
- #434
- Sep 24, 2008 3:56am Sep 24, 2008 3:56am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Attached here USDCAD for reference..
excellent opportunity for years or two or maybe more
- #438
- Sep 24, 2008 7:08pm Sep 24, 2008 7:08pm
- | Joined May 2008 | Status: Nudist | 1,098 Posts
I got something right here 
http://www.forexfactory.com/attachme...1&d=1216355024
or
http://www.forexfactory.com/attachme...1&d=1216355024
Should we expect wave 5 or 3 in the coming months?
http://www.forexfactory.com/attachme...1&d=1216355024
or
http://www.forexfactory.com/attachme...1&d=1216355024
Should we expect wave 5 or 3 in the coming months?
As you can see I am definitely not an Elliot Waver.
Wishful thinking EW experts?
- #439
- Sep 24, 2008 8:07pm Sep 24, 2008 8:07pm
- Joined Aug 2007 | Status: History & Economic Cycles | 204 Posts
I got something right here
Should we expect wave 5 or 3 in the coming months?
Both charts are good. I support your first chart, and am looking for wave 5 up, if 4 is done.
My reasoning is that chart 2 loses the count by getting the "degree" mixed up.
The second chart is accurate if 5 is the end of larger degree 1.
And C is the end of larger degree 2. IMHO.
It is like a computer code, where subsets are nested. With just one nesting, it is easy to follow, but when you have 10 nestings, then you have to punctuate your code to avoid an unclosed bracket. i.e. the last </ >
<A>
. . .<a>
. . .</a>
</A>
There are guidelines for degree, and structure in Elliott, which help in learning. Old timers can look at any chart and count waves, including some subsets like an extension (a wave inside a wave - typical in a 3rd wave for forex).
Hope that helps a bit. Keep posting your charts!
- #440
- Sep 24, 2008 8:18pm Sep 24, 2008 8:18pm
- | Joined May 2008 | Status: Nudist | 1,098 Posts
Looks like you got it. Nice to start on the monthly to get your bearings and foundation correct, otherwise it get harder in smaller time frames.
I support your first chart, and am looking for wave 5 up, if 4 is done.
My reasoning is that chart 2 loses the count by getting the "degree" mixed up.
It is like a computer code, where subsets are nested. With just one nesting, it is easy to follow, but when you have 10 nestings, then you have to punctuate your code to avoid an unclosed bracket.
<A>
<a>
</a>
</A>
There are guidelines for degree, and structure in Elliott, which help in learning. Old timers can look at any chart and count waves, including some subsets like an extension (a wave inside a wave - typical in a 3rd wave for forex).
Hope that helps a bit. Keep posting your charts!
My only concern with EW is exactly where to start the count. I will be looking right into this when I can as I find it quite similar to the electrical impulses of the human heart beat (QRS complex etc..). At least the concept anyway.
There has to be a pulse in the market, it's driven by many of them
