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Elliott Wave Trading

  • #1,181
  • Jan 13, 2009 3:01pm Jan 13, 2009 3:01pm
EWI get it wrong all the time. To think how Prechter is followed at all amazes me.
  • #1,182
  • Jan 14, 2009 12:09am Jan 14, 2009 12:09am
eur usd h1 perhaphs end wc
Attached Image (click to enlarge)
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  • #1,183
  • Jan 14, 2009 12:17am Jan 14, 2009 12:17am
eur jpy end pattern bat
end wave b
enter wave c?
Attached Image (click to enlarge)
Click to Enlarge Name: EUR JPY 4H 14-1-2009.gif Size: 91 KB
  • #1,184
  • Jan 14, 2009 12:19am Jan 14, 2009 12:19am
eur gbp
perhaps end wave 4
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 15m 14-1-2009.gif Size: 65 KB
  • #1,185
  • Jan 14, 2009 12:29am Jan 14, 2009 12:29am
EUR AUD D-H4-H1
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Click to Enlarge Name: EUR AUD H4 14-1-2009.gif Size: 70 KB
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  • #1,186
  • Jan 14, 2009 6:40am Jan 14, 2009 6:40am
Quoting Blue bottle
hi,

agree with you. i think .884 was the end of wave 4, and we may look for 1 more wave UP..

wave 4 (1-2-3-4-5)!!!!

corection made A-B-C
  • #1,187
  • Jan 14, 2009 6:44am Jan 14, 2009 6:44am
EUR GBP
Attached Image (click to enlarge)
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  • #1,188
  • Jan 14, 2009 7:45am Jan 14, 2009 7:45am
Quoting saeidhidari
EUR GBP
Hi Saeid,

Do you have a count for the GBP/USD?

Thanks
  • #1,189
  • Jan 14, 2009 8:58am Jan 14, 2009 8:58am
Quoting pipeye
Hi Saeid,

Do you have a count for the GBP/USD?

Thanks

No i dont have a count for the gbp usd
  • #1,190
  • Jan 14, 2009 10:46am Jan 14, 2009 10:46am
GBPUSD roughly. I am not too confident about it though, dunno what this 4 is going to do (stay within red lines or break out downwards into 5??)- could go up the next days to form a triangle- not good for trading imo.
Attached Image (click to enlarge)
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The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #1,191
  • Jan 14, 2009 6:01pm Jan 14, 2009 6:01pm
Quoting SunTrader
EWI get it wrong all the time. To think how Prechter is followed at all amazes me.
Prechter is a genius, and a great trader. His best guy is Steve Hochberg, who is bang on most times, (no one is perfect).

EWI has a dozen other specialists, and Jim Martens is head of currencies. Jim seems to miss the big turns, he just cannot recognize ending diagonals (at 1.60 and again at 1.25) so his counts are off. The entire Euro fall from 1.60, Jim was waiting for a large retracement in 3 waves, and it did not happen until after 1.23 bottomed. Missing a 3800 pip move over 4 months because you are stuborn??? Ouch!

But if you can watch Hochberg, he has an uncanny ability. Get his Short Term Update "STU" M-W-F, mostly on stock indexes, gold, Euro. Worth 100 times the $39/mo.

If you get 60% of calls right, and manage money wisely, you will prosper. Don't be too cheap not to learn from some pros, it pays more than it costs. (except for the mundane crowd like LFB - worthless).
  • #1,192
  • Jan 14, 2009 6:19pm Jan 14, 2009 6:19pm
Quoting FXoffshore
Prechter is a genius, and a great trader. His best guy is Steve Hochberg, who is bang on most times, (no one is perfect).

EWI has a dozen other specialists, and Jim Martens is head of currencies. Jim seems to miss the big turns, he just cannot recognize ending diagonals (at 1.60 and again at 1.25) so his counts are off. The entire Euro fall from 1.60, Jim was waiting for a large retracement in 3 waves, and it did not happen until after 1.23 bottomed. Missing a 3800 pip move over 4 months because you are stuborn??? Ouch!

But if you can watch...
Thanks but I will spend my money how I see fit. EWI ain't it. They make more from newsletters than trading. That tell me a lot. Difference of opinion and leave it at that.

I believe in Elliott Wave and know that it works profitably, if used properly, and I am grateful Prechter brought it back alive in the 80's. But EW cycles are not present in the markets 100% of the time and it is not in all of nature and all of the universe as so many claim. Only cherry-picked examples.

And in the same way you have to be picky in using it in the markets. Which means no x/y/z waves. Or worse x/x/x/y/z. Unless the idea is just to label things and not actually trade. If no clear, discernable wave is present I look to other markets - not curve-fit numbers and letters. Thats it.
  • #1,193
  • Edited 7:49pm Jan 14, 2009 7:12pm | Edited 7:49pm
My wave analysis on cable for reference and comment
Disclaimaer : The analysis is NOT A TRADE CALL ...
http://i438.photobucket.com/albums/q...u090115b-1.jpg
http://i438.photobucket.com/albums/q...u090115a-1.jpg

Lets SURF FOREX WAVE Together
  • #1,194
  • Edited 8:37pm Jan 14, 2009 7:35pm | Edited 8:37pm
You have 5 posts, better take that link out of your message or you might get a time-out i.e. temporary ban. Check the forum rules.

Edit: only because someone else might have said something or been spotted. It doesn't bother me any.
  • #1,195
  • Jan 14, 2009 8:34pm Jan 14, 2009 8:34pm
EU 4H chart:
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  • #1,196
  • Jan 14, 2009 8:49pm Jan 14, 2009 8:49pm
Quoting SunTrader
You have 5 posts, better take that link out of your message or you might get a time-out i.e. temporary ban. Check the forum rules.

Edit: only because someone else might have said something or been spotted. It doesn't bother me any.
Thanks bro 4 the advice
Lets SURF FOREX WAVE Together
  • #1,197
  • Jan 14, 2009 11:40pm Jan 14, 2009 11:40pm
eur uad
Attached Image (click to enlarge)
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  • #1,198
  • Jan 15, 2009 12:07am Jan 15, 2009 12:07am
GBP JPY
head& sholder

end wave 3
start wave c:4

perhaps
Attached Image (click to enlarge)
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  • #1,199
  • Jan 15, 2009 2:23am Jan 15, 2009 2:23am
Hellooo traders,

I am back on this forum after a long time to see how you guys are doing, I also attached the Usd/Chf pair.

I am curretnly looking the Usd/Chf which wasn’t been able to break through 1.1300 resistance area, so the market came out with more complex wave iv correction. As you see bellow, we probably have the case of triangle structure ahead of some important releases. From technical view, we could have nice buy singal if the 1.1235 area gets broken through with targets on upside Fibo extension and projection levels. But patiently, firstly we need to find direction of the dollar; The Gold is currently trading up after touching the 800 dollars which is dollar negative at the moment; there is also similar situation on the Oil chart from $35.50. The European stocks are also trading up right now after 1.5% of losses in the opening hour. All in all, markets need to break these lows of the sessions before the Usd/Chf will be able to continue higher.

The triangle wave count will be valid as long the wave c) lows will hold..
Grega H.


Attached Image (click to enlarge)
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  • #1,200
  • Jan 15, 2009 6:00pm Jan 15, 2009 6:00pm
geppy daily count.
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