Elliott Wave Trading

I wonder if this correction A count is right or wrong... those weekend gaps give some challenge. Any other views?

R

Good analysis & hope correct. Though I am very new to learn EW I see my chart after completing A wave now it is forming the B wave & in c correction of the subwaves of A or in subwave 4 of B , do not know if possible without abc correction it can run 1-5 waves again or how many way a single wave should count anywhere??

fontu

Hi all,

my cable chart.

I think your count is correct.

The gap i took it as wave 1, but not so sure abt it too..

Looks good

There is a change that price takes a dip down first, eg. to previous hl, as there is no real a-b-c in wave4. Anyhow your target is imo ok, could be somewhere between 7750-7800?

R

Ok, thanks

I counted above the gap as A instead 1 then B & big C with all el subwaves .

http://www.gogetin.info/euel2.gif
fontu

Ok, I guess that often there are possibilities for different counts. But then this becomes a problem, if these different ways of counting are proposing different next moves - one says price is going up, the other one says it is going down...

R

Now eu at 1.3357 as expected in c wave or even can be B wave ( most likely ) and waiting to finish it before go up to form C to go UP above 1.3785 ( A) .

Sorry Au is identical to eu I mention here Eu prices .In Au prices at 0.6698 bounce back from lowest 0.6494 either it already in C wave or even the B wave may not be finished then it go much down to 0.6494 to finish subwave (5) of B to go up again to form big C much beyound 0.7236 ( A)
http://www.gogetin.info/auel22.gif
Yes diferrent counts make problem to me as I am very new & no time go through all those books or time consuming courses.The smallest tf should have the smallest waves those can be counted without any confusion & every time they should confirm the original count in different tf also as changes in lowest tf ultimately represented in higher tf .

Anyway still know lots & experts are not coming to disclose their secrets & I am more confident that using ELW perfect way can make more pips every time It goes , that is one can take pips in every single wave it forms , anytime go to the market & earn only when it counts perfectly.

fontu

Looks like the correction is complete now. It was almost impossible to count the final waves, so there is a change that euro wants to visit that 161 fib line first and heads north after that is done.

In a bigger perspective euro may continue consolidation for some time, because of this economic hassle going on. So that might give us a double zigzag - or is it a sprint up? Let's wait and see ...

R

Cable chart.

NzdUsd.

Dear blue and others,

would you please correction me if i made wrong calculation of UJ using elliot wave method.

your kindly comment and correction is very much appreciated ....

here my chart of UJ H4.

Best Regards,
my30marahaba

EurChf

EurUsd

Has anyone ever used Refined Elliott Trader by Richard Swannell?

Thanks,

Lenoxer

started learning it actually.
Just now I see the eurusd chart in 2 tf, M30 & H1 , they tell different story & again after 1 full sets of movements the next one will start unfolding & may be we are in the transition period.

See M30 chart:
http://www.gogetin.info/eu30el1.gif
There is bearish divergence, completed a diagonal triangle ( as can be point as wave 4), & most possibly continuation of the downtrend to some extent perhaps .
See H1 chart
http://www.gogetin.info/eu1el1.gif
Bullish divergence,the big correction wave B possibly finished & already started the Big C wave to go much up . Not impossible that Big B not yet finished ,triangle break downside correctly to a new low to form the new B & then again go up to create C . Then only both tf charts fit .
So probable movements , first retest bottom of B (1.3340 )break to go much down say 1.32 or less,have a bottom & start up towarsd 1.3682 or up if fundaments supports so.
With oil if go up this week ,bring the EU with it & this movements are not impossible .Range should be 1.32 to 1.36 when taking consideration of all aspects moderately.
If do aggressively then they should be 1.30 to 1.4
Please give your opinion in this respect , we may not follow this analysis into trades but can follow up the results together.
fontu

GbpJpy chart

hi blue.

i have the same count on ABC correction on guppy, and eu.
i think same ABC correction can be seen on uj and cable as well.
do you agree?

Hey guys, whats up? I am just jumping around a litlle and decided to put some gold chart in to this threat.

This gold has been pretty tricky since the new yearly lows. Fisrtly I was looking for a possible a-b-c-d-e triangle in wave II. But now when are prices down at 76.4% Fibo support looks like we have the zig zag correction with the irregular b. The fisrt signs of the bulls could already be here as the market broke the trend lines. But I suggest you to be patient, form my experineces, market always need a lot of room around this 76.4% support, because it can happen that it wont tested thsi leve only once. However, the risk and award is loking pretty good...

If the oil breaks the support at $70 and euro pushes below 1.3350 then we may also see new lows on the gold...But in this situattion I am hopping on flat on the gold, because otherwise I will need to change my wave count, cause this one will be invalidated.