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Elliott Wave Trading

  • #2,721
  • Jul 9, 2009 1:55pm Jul 9, 2009 1:55pm
Quoting ridingwaves2
It seems that EURUSD intraday moves in 7-wave fairly often, just saw one again. Any thought?

It will be boring if price will always move in 5 waves .

As I remember Robert Miner says that market probably move in 50% of time according to Elliott Waves Theory.
  • #2,722
  • Jul 9, 2009 2:40pm Jul 9, 2009 2:40pm
Quoting magictrader
It will be boring if price will always move in 5 waves .

As I remember Robert Miner says that market probably move in 50% of time according to Elliott Waves Theory.

Thank you! Yep, we sometimes even have 9-wave or 11-wave moves according to some book, but they are not so common.




  • #2,723
  • Jul 9, 2009 3:10pm Jul 9, 2009 3:10pm
But still this whole move on higher TF looks rather more impulsive than corrective. We should look now how retracement will be developing and will it be some clear structure.

I'm still expecting w5 on Daily TF, so this could be the 1st wave of wave 5 on D1.
  • #2,724
  • Jul 9, 2009 5:23pm Jul 9, 2009 5:23pm
This is what the weekly chart looks like so far
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Usd W 40.png Size: 41 KB
  • #2,725
  • Edited 6:41pm Jul 9, 2009 6:19pm | Edited 6:41pm
Thanks Magictrader, I also tend to believe EURO daily chart price may move higher. But the fluctuations are just wild, I want to keep size small for now.


  • #2,726
  • Jul 9, 2009 11:43pm Jul 9, 2009 11:43pm
This is what i See EGKid , What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Usd D 41.png Size: 49 KB
  • #2,727
  • Jul 9, 2009 11:59pm Jul 9, 2009 11:59pm
Quoting tazzam72
This is what i See EGKid , What do you think?
Looks logic to me BUT my indicator on daily say we go Up for next days/weeks and will pm u to tell u more
Thanks for your chart
  • #2,728
  • Jul 10, 2009 12:07am Jul 10, 2009 12:07am
i see what you mean on the 1 H , but i prefare to get in on 4H or daily as you know , So even if the euro moves higher , I will wait to ride the contra wave down to be on the safe side
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Usd 1 H 42.png Size: 42 KB
  • #2,729
  • Jul 10, 2009 12:24am Jul 10, 2009 12:24am
Quoting tazzam72
i see what you mean on the 1 H , but i prefare to get in on 4H or daily as you know , So even if the euro moves higher , I will wait to ride the contra wave down to be on the safe side
Thanks and time best tool to tell
Me and all becarefull and have nice day
  • #2,730
  • Jul 10, 2009 12:40am Jul 10, 2009 12:40am
Quoting magictrader
But still this whole move on higher TF looks rather more impulsive than corrective. We should look now how retracement will be developing and will it be some clear structure.

I'm still expecting w5 on Daily TF, so this could be the 1st wave of wave 5 on D1.
I'm waiting for the 5th wave too an now could be sthe start of it.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4.GIF Size: 86 KB
  • #2,731
  • Jul 10, 2009 12:46am Jul 10, 2009 12:46am
Hi EGKid

here is the Down J
Attached Image (click to enlarge)
Click to Enlarge Name: DownJ D 43.png Size: 53 KB
  • #2,732
  • Jul 10, 2009 12:50am Jul 10, 2009 12:50am
Quoting tazzam72
Hi EGKid

here is the Down J
Yep true, That what i mean
  • #2,733
  • Jul 10, 2009 1:24am Jul 10, 2009 1:24am
eurusd,1H,4H
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eh.gif Size: 23 KB
Click to Enlarge Name: eh4.gif Size: 25 KB
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  • #2,734
  • Jul 10, 2009 1:30am Jul 10, 2009 1:30am
Quoting biTrader :)
eurusd,1H,4H
Hello, why do you think it's going to be a triangle ?
  • #2,735
  • Jul 10, 2009 1:54am Jul 10, 2009 1:54am
Quoting sarasxxx
Hello, why do you think it's going to be a triangle ?
type of long horizontal correction [a][b][c][d][e]
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  • #2,736
  • Jul 10, 2009 3:42am Jul 10, 2009 3:42am
Quoting biTrader :)
eurusd,1H,4H
Here another one prove my view by another way.I have same view but wasn't able to get it by EW
  • #2,737
  • Jul 10, 2009 3:46am Jul 10, 2009 3:46am
Tazzam hope you check biTrader 4h chart that prove what i told you but wasn't able to draw by EW
Thank you again biTrader
  • #2,738
  • Jul 10, 2009 3:52am Jul 10, 2009 3:52am
Gbp/Jpy charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy daily.gif Size: 14 KB
Click to Enlarge Name: gbpjpy weekly.gif Size: 11 KB
  • #2,739
  • Jul 10, 2009 3:59am Jul 10, 2009 3:59am
Hi all, I'm still following this count.

Attached Image (click to enlarge)
Click to Enlarge Name: cable 4h 09072009.gif Size: 36 KB
  • #2,740
  • Jul 10, 2009 4:08am Jul 10, 2009 4:08am
Quoting 4cfx
Hi all, I'm still following this count.

Attachment
Hello, i have the same count, only that i think wave-C is over and wave-(1) of wave-5 has begone...
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD H4.GIF Size: 51 KB
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