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Elliott Wave Trading

  • #2,481
  • Jun 22, 2009 4:22am Jun 22, 2009 4:22am
....Medium term outlook (as things stand right now) gives me a price projection of 1.5592 once we've got our top in.
  • #2,482
  • Jun 22, 2009 4:38am Jun 22, 2009 4:38am
Quoting 200ema
....Medium term outlook (as things stand right now) gives me a price projection of 1.5592 once we've got our top in.
Did you look into delta trading? What do you think? I wonder if there will be a top or a bottom....

Out now for a few hours. Catch up with you guys later.
  • #2,483
  • Jun 22, 2009 4:42am Jun 22, 2009 4:42am
Quoting 4cfx
Did you look into delta trading? What do you think? I wonder if there will be a top or a bottom....

Out now for a few hours. Catch up with you guys later.
Hi 4cfx,

Ya, I took a look at it, but it's certainly not something that can stand on its own...it's too vague for me.
  • #2,484
  • Jun 22, 2009 4:56am Jun 22, 2009 4:56am
It looks like price action may be moving into a triple three correction (flat, zigzag, zigzag?). If so, the count would be 3-3-5, a-b-c, 5-3-5?

Thoughts?

IF I'm on the right track with this corrective count we should then put in a low below the current move's low of 1.6405
  • #2,485
  • Jun 22, 2009 4:57am Jun 22, 2009 4:57am
hi all,

looks like most of you guys following gbp/usd pair..

anyway, here is my eur/usd h4 chart..I think it is forming complex correlation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4.gif Size: 13 KB
  • #2,486
  • Jun 22, 2009 5:08am Jun 22, 2009 5:08am
Quoting Blue bottle
hi all,

looks like most of you guys following gbp/usd pair..

anyway, here is my eur/usd h4 chart..I think it is forming complex correlation.
Hi Blue Bottle,

The Eur/USD and GBP/USD both seem to be working on a complex correction....

I haven't been able to put a good count to the GBP/USD yet, but my best guess at this point is that it's working on a triple three corrective pattern of some kind....ideas?
  • #2,487
  • Jun 22, 2009 5:19am Jun 22, 2009 5:19am
... I'm stumped for a EW count on the GBP/USD correction. I've got several counts that "could" work, but none that say "that's it" to me.

I guess I'll just sit on my hands and wait for price action to give me an entry point that rings true with me.... but, I don't know that I'll see it during the London session...at least not this one.
  • #2,488
  • Jun 22, 2009 5:21am Jun 22, 2009 5:21am
.... I'll check back in on the market (and you guys too) in a few hours while things play themselves out.

Cheers,
  • #2,489
  • Jun 22, 2009 9:00am Jun 22, 2009 9:00am
I don't think you need any alternative count anymore
by the way, I don't remember if you've been given any comment to my last G/U chart.
  • #2,490
  • Jun 22, 2009 10:14am Jun 22, 2009 10:14am
Quoting Phi
I don't think you need any alternative count anymore
by the way, I don't remember if you've been given any comment to my last G/U chart.
Hi Phi, which G/U chart are you referring to? Please pst again if you don't mind.

Do you now think we have wave c of b of B completed and are on our way to complete wave v? In this case, are you still targeting 66? I have a problem with that target. If cable does hit 66 to complete wave c, then it would have broken the upper tl (blue line in my chart) of the triangle. This then contradicts the next wave C downmove.

Here's my count now. Let me have your thoughts.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable 4H 21062009.jpg Size: 170 KB
  • #2,491
  • Jun 23, 2009 12:21am Jun 23, 2009 12:21am
Good morning all,

I just thought I'd put in a quick post as to what I'm seeing right now.

Based on Daily and 4H charts I have to conclude that we are in a correction, but that's not anything new.

Based on what I'm seeing on the 1H chart, I'm expecting a rally up into the 1.6400 area, before a continued move lower below our current move low at 1.6264.

That said, at the moment I have no plans to trade the GBP/USD long (even in a scalp) as I see no viable trade setups to do so. If things remain as the currently look, I'll be watching for a short term top in the 1.6400 area and short the market there.

At present, I think that we are into wave (c) of (iv) which should find support at or around the 1.5730 area (which is below the terminus of wave (a) of the larger correction visible on the 4H chart below).

...We'll have to see what the market offers us tonight, and take it from there.

Cheers,
Attached Image (click to enlarge)
Click to Enlarge Name: 4h chart ew count.gif Size: 34 KB
  • #2,492
  • Jun 23, 2009 1:32am Jun 23, 2009 1:32am
Quoting 200ema
Good morning all,

I just thought I'd put in a quick post as to what I'm seeing right now.

Cheers,
Good morning 200ema, just woke up and cable is now looking a bit clearer. Hope London is not going to confuse us ! Thanks for the chart.
  • #2,493
  • Jun 23, 2009 1:38am Jun 23, 2009 1:38am
Quoting 4cfx
Good morning 200ema, just woke up and cable is now looking a bit clearer. Hope London is not going to confuse us ! Thanks for the chart.
I have the same hopes (that London doesn't confuse us).

I've already made some headway (Long GBP/USD @1.6254, took profit at 1.6294).
  • #2,494
  • Edited 3:48am Jun 23, 2009 2:39am | Edited 3:48am
http://s42.radikal.ru/i095/0906/b9/fdef53bc93e5.gif
http://i040.radikal.ru/0906/3a/1e2063411a32.gif
  • #2,495
  • Jun 23, 2009 5:51am Jun 23, 2009 5:51am
Quoting naatha
http://s42.radikal.ru/i095/0906/b9/fdef53bc93e5.gif
http://i040.radikal.ru/0906/3a/1e2063411a32.gif

hi naatha,

Agree with your count. if you dont mind, can you post weekly chart for big picture. Thanks in advance..

Or you may comment on my gbp/jpy daily chart..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy daily.gif Size: 13 KB
  • #2,496
  • Edited 9:00am Jun 23, 2009 6:22am | Edited 9:00am
http://s55.radikal.ru/i150/0906/02/462a90d502bb.gif
not sure
http://i059.radikal.ru/0906/29/a4fe0e2d99b9.gif
http://s60.radikal.ru/i168/0906/6b/13c90d9b34d0.gif
PS:
i`m not an Elliot Master
  • #2,497
  • Jun 23, 2009 8:03am Jun 23, 2009 8:03am
Any comment???

Attached Image (click to enlarge)
Click to Enlarge Name: 75893952.gif Size: 14 KB
  • #2,498
  • Jun 23, 2009 8:30am Jun 23, 2009 8:30am
GBP/USD - Maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2 H.gif Size: 20 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #2,499
  • Jun 23, 2009 9:41am Jun 23, 2009 9:41am
Quoting AZ-Heat
GBP/USD - Maybe?

Its looks good, i am following same counts too. Thanks
  • #2,500
  • Jun 23, 2009 9:42am Jun 23, 2009 9:42am
Quoting naatha
http://s55.radikal.ru/i150/0906/02/462a90d502bb.gif
not sure
http://i059.radikal.ru/0906/29/a4fe0e2d99b9.gif
http://s60.radikal.ru/i168/0906/6b/13c90d9b34d0.gif
PS:
i`m not an Elliot Master

Thanks for the charts Naatha!
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