elliot for eurusd | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Elliot Wave Trading 1,827 replies

Elliot Wave for Short/Medium Term Traders? 14 replies

Elliot Wave Practice--post it here! 22 replies

Elliot Wave Counts in FOREX 1 reply

Is this a correct Elliot wave evaluation? 10 replies

Attachments: elliot for eurusd
Exit Attachments

elliot for eurusd

  • #1
  • First Post: Edited 2:55pm Dec 25, 2008 1:19pm | Edited 2:55pm
hi guys

i have a vision for eurusd which is different than many articles i read

i think it is going to be a strong bearish movement , starting a new elliot cycle , 5 bearish motive waves , and here is the chart , waiting for your comments

Attached Image (click to enlarge)
Click to Enlarge Name: 40145413hu1.png Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 19219370ik1.png Size: 31 KB

http://img300.imageshack.us/img300/4...ng/1/w1276.png



http://img300.imageshack.us/img300/1...ng/1/w1276.png
  • #2
  • Edited 2:54pm Dec 25, 2008 2:49pm | Edited 2:54pm
How about, just for something different, this view on Daily :

Where the red 3 is , count as end of wave 1
Were the red 4 count end of wave 2
Where the red 5 count end of wave 3
Where the red Y count end of wave 4
Would still leave a 5 wave bearish move to complete the pattern.

Just curious as to your EW background? Prechter? Miner? Hughes?

Hope to hear from you before Friday 8 am.
  • #3
  • Dec 25, 2008 8:16pm Dec 25, 2008 8:16pm
Quoting Lou
How about, just for something different, this view on Daily :

Where the red 3 is , count as end of wave 1
Were the red 4 count end of wave 2
Where the red 5 count end of wave 3
Where the red Y count end of wave 4
Would still leave a 5 wave bearish move to complete the pattern.

Just curious as to your EW background? Prechter? Miner? Hughes?

Hope to hear from you before Friday 8 am.
it is prechter , i didn't hear or read for miner or hughes

wave 4 will interrupt with wave 1 violating an important rule

appreciating your reply

thanks
  • #4
  • Dec 25, 2008 9:20pm Dec 25, 2008 9:20pm
Quoting khaled.gad
it is prechter , i didn't hear or read for miner or hughes

wave 4 will interrupt with wave 1 violating an important rule
appreciating your reply

thanks
You are correct sir !
Yes it does go pretty deep and closes in the Wave 1 area.
  • #5
  • Last Post: Jan 2, 2010 4:50am Jan 2, 2010 4:50am
There are a lot of big mistakes in your chart. Each "correction" must be longer than previous "impulse" by time. If it's not - than it's just first wave of the complex correction, or it not correction by itself. Also wave 2 in impulse can't retrace more than 61.8% of wave 1. Any impulse MUST HAVE at least one wave which extends (at least 161.8 of the bigger wave from another two impulse waves).
0 traders viewing now