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Elliott Wave Trading

  • #1,561
  • Mar 11, 2009 9:08am Mar 11, 2009 9:08am
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 20 KB
  • #1,562
  • Mar 11, 2009 10:56am Mar 11, 2009 10:56am
There's a lot of confusion regarding USDCHF lower timeframes, well at least for me (H1, even H4), a lot of choppyness and no clear direction. If we step back and look at the Daily we clearly see a first impulsive move down which sugest us that we should see at least another impulsive move down. So the longer term bias is bearish.

Zooming in to H4 we see two moves down that look like nice abc correction with c=a. This "correction" is not marked on the attached chart. Because I am looking at an alternate count that sugests that it is not a correction but an impulse followed by a 3-wave correction that is rather messy. I like this alternate count because it is bearish thus goes along with daily and because the waves of the correction all fall in place: correction top at point (c) falls exactly at 50% ret of wave A or I, corrective wave (c) is exactly 62% of wave (a).
So if this scenario matches with reality then we should see high momentum bearish movement any moment from now.

That's all for now guys, would be glad to read other opinions on usdchf. Take care...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf_daily.gif Size: 11 KB
Click to Enlarge Name: usdchf_h4.gif Size: 14 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #1,563
  • Mar 11, 2009 10:59am Mar 11, 2009 10:59am
EURO 1H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EU_1H.jpg Size: 101 KB
you have to be out to be in
  • #1,564
  • Mar 11, 2009 4:18pm Mar 11, 2009 4:18pm
s.ZhouYun.h, good

EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: eh.gif Size: 45 KB
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  • #1,565
  • Mar 11, 2009 5:02pm Mar 11, 2009 5:02pm
Quoting soso
There's a lot of confusion regarding USDCHF lower timeframes, well at least for me (H1, even H4), a lot of choppyness and no clear direction. If we step back and look at the Daily we clearly see a first impulsive move down which sugest us that we should see at least another impulsive move down. So the longer term bias is bearish.

Zooming in to H4 we see two moves down that look like nice abc correction with c=a. This "correction" is not marked on the attached chart. Because I am looking at an alternate count that sugests that it is not a correction...
nice count bro.

same scenario i'm looking @.

with that, think euro is getting ready to move up.
  • #1,566
  • Mar 12, 2009 12:44am Mar 12, 2009 12:44am
Quoting Blue bottle
Can i request your GBP/USD chart?
Sorry BB !MY GU_4H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU4H.jpg Size: 100 KB
you have to be out to be in
  • #1,567
  • Mar 12, 2009 2:11am Mar 12, 2009 2:11am
Quoting s.ZhouYun.h
Sorry BB !MY GU_4H Chart

Thanks ZhouYun
  • #1,568
  • Mar 12, 2009 3:23am Mar 12, 2009 3:23am
My EU_15M Chart
Possibilities: 1 wave extended?
Attached Image (click to enlarge)
Click to Enlarge Name: EU_15M.jpg Size: 108 KB
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  • #1,569
  • Mar 12, 2009 3:29am Mar 12, 2009 3:29am
I think eur still going down target 1.2647
forex interval
Attached Image (click to enlarge)
Click to Enlarge Name: elliot.gif Size: 10 KB
  • #1,570
  • Mar 12, 2009 4:18am Mar 12, 2009 4:18am
Quoting s.ZhouYun.h
My EU_15M Chart
Possibilities: 1 wave extended?
Great count s.ZhouYun.h! I am not going as down as 15 min but it looks very good. It made it a bit clear for me that eurusd has a valid bullish count.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #1,571
  • Mar 12, 2009 4:49am Mar 12, 2009 4:49am
Quoting soso
Great count s.ZhouYun.h! I am not going as down as 15 min but it looks very good. It made it a bit clear for me that eurusd has a valid bullish count.
Thanks SoSO
you have to be out to be in
  • #1,572
  • Mar 12, 2009 5:07am Mar 12, 2009 5:07am
Quoting s.ZhouYun.h
Sorry BB !MY GU_4H Chart
Hi zhoyun,
Your wave C of big B has 3 subwaves (a)-(b)-(c)
And I think it's not a valid one, since wave C always subdivided into 5 subwaves.
That's why i'm expecting 1 more wave down to complete this big B of flat.
Attached Image (click to enlarge)
Click to Enlarge Name: h4-20090312-1.gif Size: 11 KB
These all are about 3's & 5's
  • #1,573
  • Mar 12, 2009 6:59am Mar 12, 2009 6:59am
Quoting bohebolo
Hi zhoyun,
Your wave C of big B has 3 subwaves (a)-(b)-(c)
And I think it's not a valid one, since wave C always subdivided into 5 subwaves.
That's why i'm expecting 1 more wave down to complete this big B of flat.
hi,bohebolo!you are right!
Attached Image (click to enlarge)
Click to Enlarge Name: GU_1H.jpg Size: 85 KB
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  • #1,574
  • Mar 12, 2009 8:15am Mar 12, 2009 8:15am
There's no point in adding images, the count was invalidated by Miss Market who managed to break the 4H top. Humbly standing on sideline now...
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #1,575
  • Mar 12, 2009 1:28pm Mar 12, 2009 1:28pm
Modified GU_4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU_4H.jpg Size: 89 KB
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  • #1,576
  • Mar 12, 2009 10:53pm Mar 12, 2009 10:53pm
Quoting s.ZhouYun.h
Modified GU_4H chart
zhouyun, i'm agree with this count. it's seem cable failed to break lower.
however, here is an alternative views. do we have a diagonal down?
Attached Image
These all are about 3's & 5's
  • #1,577
  • Mar 13, 2009 12:49am Mar 13, 2009 12:49am
Quoting bohebolo
zhouyun, i'm agree with this count. it's seem cable failed to break lower.
however, here is an alternative views. do we have a diagonal down?
Hi,bohebolo,
Sorry, my English is very bad, wave theory is so that we do not conform to the analysis of wave theory to exclude, not only the standard.
you have to be out to be in
  • #1,578
  • Mar 13, 2009 1:33am Mar 13, 2009 1:33am
Uchf _4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: UCHF_4H.jpg Size: 76 KB
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  • #1,579
  • Mar 13, 2009 5:28am Mar 13, 2009 5:28am
Hi ALL. EU_1H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu_1H.jpg Size: 82 KB
you have to be out to be in
  • #1,580
  • Mar 14, 2009 4:30pm Mar 14, 2009 4:30pm
EUR GBP
Attached Image (click to enlarge)
Click to Enlarge Name: EUR GBP14-3-2009.gif Size: 126 KB
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