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Elliott Wave Trading

  • #2,961
  • Jul 29, 2009 4:41am Jul 29, 2009 4:41am
well yes yesterday i managed to reach my maximum target at 1.4140 so to day I have some profit that i can afford to loose anyway there is a correction finished on H1 so the direction has to be up anyway so i'm thinking that i'll take a long position and the target price, structure and timeframe i'll figure out on the way and the probability that it will go more down than 1.4110 is not very high ... and on 10min there is a doji and a big green candle so i think i'm a bit right
  • #2,962
  • Jul 29, 2009 4:44am Jul 29, 2009 4:44am
Quoting loopyno
hey sarasxxx

man do not get me wrong ... i really wish for it to go up there ... i am not in a trade on eu but i think it is going to 1.4022 ... i think we have the C wave of a zigzag on the H1

again ... i really hope i am wrong

take care
loopyno
do you mind if i ask where do you see the zigzag, cause i can't find it :/ a chart would be good
  • #2,963
  • Jul 29, 2009 4:52am Jul 29, 2009 4:52am
this is a possible scenario (see attach)

again i am not trying to prove you wrong or something ... maybe a different opinion might help

loopyno
Attached Image (click to enlarge)
Click to Enlarge Name: demo.gif Size: 22 KB
  • #2,964
  • Jul 29, 2009 4:58am Jul 29, 2009 4:58am
A different opinion is always good since it helps you to remember that there alsways more ways of counting
  • #2,965
  • Jul 29, 2009 5:01am Jul 29, 2009 5:01am
exactly
  • #2,966
  • Jul 29, 2009 6:30am Jul 29, 2009 6:30am
My 30-min E/U chart. I could be wrong. Comments are welcome

P.S. EUR.USD often follows S&P 500. If S&P have a correction in the next few days, I won't be surprise that E/U has a correction as well.

Good trading
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2009-07-29(30-min).gif Size: 51 KB
  • #2,967
  • Jul 29, 2009 6:47am Jul 29, 2009 6:47am
why are you posting [loopyno] chart again?
  • #2,968
  • Jul 29, 2009 6:51am Jul 29, 2009 6:51am
Quoting Phi
why are you posting [loopyno] chart again?
Because we both agree on Elliott this time
  • #2,969
  • Jul 29, 2009 6:51am Jul 29, 2009 6:51am
USDCHF?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm15_2.PNG Size: 38 KB
  • #2,970
  • Jul 29, 2009 7:05am Jul 29, 2009 7:05am
Quoting ridingwaves2
Because we both agree on Elliott this time
so why don't you mentioned it when you were posting it?
  • #2,971
  • Jul 29, 2009 7:06am Jul 29, 2009 7:06am
to magictrader ... if you count it like that it looks like an ending triangle or a leading triangle (i do not know the "big picture")

loopyno
  • #2,972
  • Jul 29, 2009 10:39am Jul 29, 2009 10:39am
is that it or it's too soon?
Attached Image (click to enlarge)
Click to Enlarge Name: euro.usd d1.gif Size: 31 KB
  • #2,973
  • Jul 29, 2009 11:52am Jul 29, 2009 11:52am
Quoting Phi
is that it or it's too soon?
i think the move is too "sideways" to be considered a motive wave
i would count an X wave

loopyno
  • #2,974
  • Jul 29, 2009 12:06pm Jul 29, 2009 12:06pm
so it's soon
by the way, join more often if you've time
  • #2,975
  • Jul 29, 2009 12:36pm Jul 29, 2009 12:36pm
Quoting Phi
so why don't you mentioned it when you were posting it?
I don’t know about you. But I don’t necessary have time to read carefully the other posts before I post mine. Thanks for mentioning it anyway.
  • #2,976
  • Jul 29, 2009 12:48pm Jul 29, 2009 12:48pm
Quoting Phi
so it's soon
by the way, join more often if you've time
i will because i will start a business in this domain and i am also trying to become a trainer for EWI so i need to be as "up to date" as possible

loopyno
  • #2,977
  • Jul 29, 2009 12:58pm Jul 29, 2009 12:58pm
  • #2,978
  • Jul 29, 2009 1:02pm Jul 29, 2009 1:02pm
Are we there yet? Looks like E/U is at the end of wave 5/C now
  • #2,979
  • Jul 29, 2009 1:10pm Jul 29, 2009 1:10pm
Quoting ridingwaves2
Are we there yet? Looks like E/U is at the end of wave 5/C now
i think it is the end of wave 3 of wave c
so i think we will have a sideways wave 4 and a downward wave 5
  • #2,980
  • Jul 29, 2009 1:26pm Jul 29, 2009 1:26pm
Quoting loopyno
i think it is the end of wave 3 of wave c
so i think we will have a sideways wave 4 and a downward wave 5
Thanks Loopyno. Price seems to be at a good support on the 4-hour chart. But let's wait and see.

I have bot some around this area, but I'm ready to cut loss ...
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