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Elliott Wave Trading

  • #1,441
  • Feb 17, 2009 2:29am Feb 17, 2009 2:29am
My alternative count for EURCHF
Attached Image (click to enlarge)
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  • #1,442
  • Feb 17, 2009 2:38am Feb 17, 2009 2:38am
We have a bearish count in usd/jpy but where is your target ?? There is a bearish divergence also on 1h and 4h (macd)
This is Forex ...
  • #1,443
  • Feb 17, 2009 4:55am Feb 17, 2009 4:55am
Quoting fxterrapin
Calling LFB worthless tells me that you have a hidden agenda--like refering other traders to EWI (yes, it is obvious).

Also, your EW voodoo didn't catch the turn in E/U either. You stated months ago that E/U would break beyond 1.6.

And no Prechter is far from being a "genius", as you put it. He has turned commission whore like so many others.
Very constructive comment. Do you care to add anything useful to this forum, or are you just an angry little fella whose been spanked by Mother Market?
  • #1,444
  • Feb 17, 2009 10:12am Feb 17, 2009 10:12am
Quoting pipeye
Very constructive comment. Do you care to add anything useful to this forum, or are you just an angry little fella whose been spanked by Mother Market?
You don't call exposing BS constructive? That would make you an odd little fella.
  • #1,445
  • Feb 17, 2009 11:06am Feb 17, 2009 11:06am
Quoting fxterrapin
You don't call exposing BS constructive? That would make you an odd little fella.
BS is calling EW voodoo. But then again, it would take an odd little fella without the requisite intellectual capacity to understand the Wave principles full power, to make such a silly comment. Enjoy your ignorance.
  • #1,446
  • Feb 17, 2009 1:11pm Feb 17, 2009 1:11pm
Hi all,

I believe EURUSD & USDCHF are very near to the reversal.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdchf.gif Size: 20 KB
  • #1,447
  • Edited Feb 18, 2009 1:46am Feb 17, 2009 1:24pm | Edited Feb 18, 2009 1:46am
USDJPY.

Edit: pls ignore below chart. Missed something, need to recount.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 19 KB
  • #1,448
  • Feb 17, 2009 3:03pm Feb 17, 2009 3:03pm
BB, I see you have A labeled around January 18th. Why would your label B not be the c of wave B from the decline from the 1/6 high of 94.63? If this is an A-B-C, can wave C be an A-B-C-D-E? I am still learing her and looking to better understand the wave counts.

Thanks

Tim
  • #1,449
  • Feb 18, 2009 12:41am Feb 18, 2009 12:41am
My EURGBP H4 Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp h4.gif Size: 16 KB
  • #1,450
  • Feb 18, 2009 12:54am Feb 18, 2009 12:54am
http://farm4.static.flickr.com/3221/...b36a6c_o_d.gif


credit to 5waves.blogspot
  • #1,451
  • Feb 18, 2009 1:32am Feb 18, 2009 1:32am
Quoting Blue bottle
USDJPY.
Hi BB, great chart
But why did you label E Wave as 1-2-3-4-5 (impulsive)?
All I know, wave E should be subdivided as 3's (corrective)

just my 2 cent
These all are about 3's & 5's
  • #1,452
  • Feb 18, 2009 1:44am Feb 18, 2009 1:44am
Quoting swiftpip
BB, I see you have A labeled around January 18th. Why would your label B not be the c of wave B from the decline from the 1/6 high of 94.63? If this is an A-B-C, can wave C be an A-B-C-D-E? I am still learing her and looking to better understand the wave counts.

Thanks

Tim
Quoting bohebolo
Hi BB, great chart
But why did you label E Wave as 1-2-3-4-5 (impulsive)?
All I know, wave E should be subdivided as 3's (corrective)

just my 2 cent
I guess i missed something, allow me to recount it again.

Thanks all for valuable feedback..
  • #1,453
  • Feb 18, 2009 2:17am Feb 18, 2009 2:17am
USDCHF ..

Found that wave A is now equal to wave C..
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 14 KB
  • #1,454
  • Feb 18, 2009 2:41am Feb 18, 2009 2:41am
Hi all,

EURCHF DAILY
Attached Image (click to enlarge)
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  • #1,455
  • Feb 18, 2009 3:04am Feb 18, 2009 3:04am
AUDUSD HOURLY
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  • #1,456
  • Feb 18, 2009 5:01am Feb 18, 2009 5:01am
@Blue bottle

GM - i would like to ask you for the best read available on Elliot Wave. Maybe some books to get the right feel on starting with EW?

Thanks.
  • #1,457
  • Feb 18, 2009 12:39pm Feb 18, 2009 12:39pm
I am still learning. how does this count look for USDJPY? Possible Flat correction before starting wave 5 down.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 2-18-09.JPG Size: 217 KB
  • #1,458
  • Feb 18, 2009 6:32pm Feb 18, 2009 6:32pm
Quoting belekas
@Blue bottle

GM - i would like to ask you for the best read available on Elliot Wave. Maybe some books to get the right feel on starting with EW?

Thanks.
Below are the some of good EW Books..

Elliott Wave Principle : Key to Market Behavior by Robert Prechter

Elliott Wave Principle : Applied to the Foreign Exchange Markets by Robert Balan

Dynamic Trading : Dynamic Concepts in Time, Price & Pattern Analysis with Practical Strategies for Traders & Investors By Robert Miner

  • #1,459
  • Feb 19, 2009 12:54am Feb 19, 2009 12:54am
Quoting Blue bottle
Below are the some of good EW Books..

Elliott Wave Principle : Key to Market Behavior by Robert Prechter

Elliott Wave Principle : Applied to the Foreign Exchange Markets by Robert Balan

Dynamic Trading : Dynamic Concepts in Time, Price & Pattern Analysis with Practical Strategies for Traders & Investors By Robert Miner

Wow, good recommendations. I have read the 1st and 3rd which I found very helpful. Personally, I feel that it was good for me to start with the Prechter book to get the overall definitions, but it's somewhat of an academic approach if you will. However, to make it practical, it's hard to beat Dynamic Trading. A bit pricey but worth it, or, consider his newer book as well:
High Probability Trading Strategies, Entry to Exit Tactics for the Forex, Futures, and Stock Markets. by Robert Miner


Would you care to provide a mini-review of Balan's book? It's not available on Amazon but I see there are plenty of PDF's one can find on Google.

Thanks,
Pips4life
  • #1,460
  • Feb 19, 2009 1:54am Feb 19, 2009 1:54am
Quoting pips4life
Wow, good recommendations....
I believe Balan's book is out of print now. And although free downloads can be had of it in pdf form, I'm wondering why no publisher has thought of re-issuing the book since it's the only one, as far as I know, that tackles Elliott Wave analysis as applied to forex.
Amor Fati--F. Nietzsche
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