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Elliott Wave Trading

  • #2,981
  • Jul 29, 2009 1:31pm Jul 29, 2009 1:31pm
Quoting ridingwaves2
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 ...
man be careful because every ZigZag can be in fact wave 1, 2 and 3 of an impulse wave

i am not analyzing EU at the moment (only GJ) - i mean analyze monthly, weekly, daily, 4h, so that could tell you if this has a bigger chance to be a zigzag or not
  • #2,982
  • Jul 29, 2009 2:25pm Jul 29, 2009 2:25pm
This is the support I mentioned on the 4-H chart (at 0.618).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 2009-07-29 (fib).gif Size: 66 KB
  • #2,983
  • Jul 29, 2009 3:03pm Jul 29, 2009 3:03pm
i see what you mean
but from how things look the move down looks like a standard impulse wave down (wave 1 - not yet formed)
i think this level will hold .. but not for long

hope this helps

loopyno
  • #2,984
  • Jul 29, 2009 3:09pm Jul 29, 2009 3:09pm
lol i looked at your picture again and i think you have an expanding triangle over there ...
  • #2,985
  • Jul 29, 2009 3:43pm Jul 29, 2009 3:43pm
Yep, supports may be broken eventually. Let's see how Mr. market acts tomorrow.
  • #2,986
  • Jul 29, 2009 4:09pm Jul 29, 2009 4:09pm
Us Dollar

What a day ...... today is for the US Dollar ----


--------------------------------------- -----------------
This pair went through the roof today
Price-action went through the targets of 0800 today
------------------------------------ -------------------


End of Wave C ,,,,,, rally just as expected


Here is the result chart ------------- NO HINDSITE !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Swiss Franc-7-23-09-02.gif Size: 28 KB
Click to Enlarge Name: Swiss Franc-7-29-09-01.gif Size: 30 KB
  • #2,987
  • Jul 29, 2009 5:01pm Jul 29, 2009 5:01pm
USDCHF, needs a bigger picture .
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh2.PNG Size: 24 KB
  • #2,988
  • Jul 30, 2009 12:42am Jul 30, 2009 12:42am
hi all,


my cable daily charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 17 KB
Click to Enlarge Name: gbpusd dail1.gif Size: 15 KB
  • #2,989
  • Jul 30, 2009 12:43am Jul 30, 2009 12:43am
Eur/Usd Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 18 KB
  • #2,990
  • Jul 30, 2009 1:09am Jul 30, 2009 1:09am
you're so positive! how many percents you give to that can happen?
  • #2,991
  • Jul 30, 2009 1:16am Jul 30, 2009 1:16am
Quoting Phi
you're so positive! how many percents you give to that can happen?
All i can say is that she/he is very good with waves
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #2,992
  • Jul 30, 2009 1:38am Jul 30, 2009 1:38am
Good morning everyone, so lets start arguing about the EU moves for today
  • #2,993
  • Jul 30, 2009 1:47am Jul 30, 2009 1:47am
good morning to u all!

if you ask me, i think it is going a little higher and then down to at least 1.3976. Please keep in mind that i started looking at EU only yesterday

loopyno
  • #2,994
  • Jul 30, 2009 1:51am Jul 30, 2009 1:51am
Still, you were right about the zigzag yesterday what elliot books are you using ?
  • #2,995
  • Jul 30, 2009 1:56am Jul 30, 2009 1:56am
so smth like this ? but according to theory the target at 1.4018 would be more probable ...
Attached Image (click to enlarge)
Click to Enlarge Name: eu10Min.GIF Size: 88 KB
  • #2,996
  • Jul 30, 2009 2:26am Jul 30, 2009 2:26am
i watched some video tutorials ... and i am currently reading Robert Prechter's book, Elliott wave principle - key to market behavior

loopyno
  • #2,997
  • Jul 30, 2009 2:38am Jul 30, 2009 2:38am
you should try reading "Mastering Elliot Wave" by Glenn Neely. it's the most complex, but also very fluent, full and up to date, plus in it the elliot theory is only about what happens in forex market and not common ideas
  • #2,998
  • Jul 30, 2009 2:40am Jul 30, 2009 2:40am
i have that but in a not so good shape
plus i read parta of it and there was nothing about leading and ending diagonals
  • #2,999
  • Jul 30, 2009 2:43am Jul 30, 2009 2:43am
thats because in that bokk they are called "terminal impulses"
  • #3,000
  • Jul 30, 2009 2:55am Jul 30, 2009 2:55am
a lol
and how is a leading diagonal called?
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