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Elliott Wave Trading

  • #3,041
  • Jul 30, 2009 10:36pm Jul 30, 2009 10:36pm
Gbp/Usd

Short-term view ......

==================
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  • #3,042
  • Jul 31, 2009 12:27am Jul 31, 2009 12:27am
USDCHF update:

I'm lovin' it .
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  • #3,043
  • Jul 31, 2009 4:04am Jul 31, 2009 4:04am
Quoting magictrader
USDCHF update:

I'm lovin' it .
So what's next?
  • #3,044
  • Jul 31, 2009 4:15am Jul 31, 2009 4:15am
As you can see now, wave B .

Everything just like in a book since 3 days.
  • #3,045
  • Jul 31, 2009 4:30am Jul 31, 2009 4:30am
It looks like a short term H&S pattern forming (3-4-5-a-b-c) in 1-hour chart at the moment.
  • #3,046
  • Jul 31, 2009 4:31am Jul 31, 2009 4:31am
Usd/jpy m5 chart
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  • #3,047
  • Jul 31, 2009 4:39am Jul 31, 2009 4:39am
Gbp/Usd H4 chart
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  • #3,048
  • Jul 31, 2009 8:20am Jul 31, 2009 8:20am
my short term GU ...
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  • #3,049
  • Jul 31, 2009 11:39am Jul 31, 2009 11:39am
Quoting marketwavez
Gbp/Usd

Short-term view ......

==================
Gbp/Usd

Chart Result --------

================= ===========
Long @ 6522 ................ Exit---6552
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  • #3,050
  • Aug 1, 2009 2:31am Aug 1, 2009 2:31am
What made you change your earlier count (which is still valid btw)?


Quoting Blue bottle
Eur/Usd Daily chart
  • #3,051
  • Aug 1, 2009 8:06am Aug 1, 2009 8:06am
to marketwavez

if you count the waves like that (with wave 4 going into the price territory of wave 1) then wave C should be an ending diagonal but it looks nothing like that.
ending and leading diagonals are the wedges you see on the chart patterns courses. if i were you I would try to find a suitable extension to count in order to respect both the rules and the guidelines of EW theory

loopyno
  • #3,052
  • Aug 1, 2009 12:32pm Aug 1, 2009 12:32pm
Quoting magictrader
USDCHF update:

I'm lovin' it .
Hi Friend,

Please tell us about E/USD too.

Thank you,
  • #3,053
  • Aug 1, 2009 12:39pm Aug 1, 2009 12:39pm
Quoting toshi
Right now,

This it how it looks to me.

Atleast this is what I'm expecting over the next couple weeks.

If PA kept going south or failed to bounce at any of the expected points along the way,
I'd be inclined to think the drop could be more pronounced. Especially if the 134 handle gave way.

The 138 has to break first and I think it will.

Only I think there will be an attempt to make the break a softer landing
and keep the ping pong game going for a while if possible.
What is Next? men
  • #3,054
  • Aug 1, 2009 5:32pm Aug 1, 2009 5:32pm
Quoting Blue bottle
Gbp/Usd H4 chart
Hey bluebottle, here as well are you?

I agree, wave i might be ending against the 61.8 fibo line, a retrace from 2.00 to 1.30's, big time resistance.
  • #3,055
  • Aug 2, 2009 11:08am Aug 2, 2009 11:08am
I aware that the current popular count for EURUSD daily and weekly is that the price is moving in wave-C swing. Which means the price will resume down trend soon by end or wave-c. While I do not exclude this possibility. I continue to look at the bullish count (or one of the bullish counts).

Here my weekly chart update. Comments are welcome
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  • #3,056
  • Aug 2, 2009 12:05pm Aug 2, 2009 12:05pm
Quoting ridingwaves2
I aware that the current popular count for EURUSD daily and weekly is that the price is moving in wave-C swing. Which means the price will resume down trend soon by end or wave-c. While I do not exclude this possibility. I continue to look at the bullish count (or one of the bullish counts).

Here my weekly chart update. Comments are welcome
Good chart & hope bull will not run that far. I think the last Wave 1 will end as wave 5 or D represent the turning point very big bear set up ( AB=CD) but can go up also to form bat or butterfly pattern & ABC correction down start thereafter .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,057
  • Aug 2, 2009 12:45pm Aug 2, 2009 12:45pm
Quoting fontu
Good chart & hope bull will not run that far. I think the last Wave 1 will end as wave 5 or D represent the turning point very big bear set up ( AB=CD) but can go up also to form bat or butterfly pattern & ABC correction down start thereafter .
fontu
Hi fontu, I see what you mean. But as far as I know, in AB=CD pattern, C should retrace 38%~78%, isn't it? (but in our case, C retraced about 90% of B in the E/U weekly chart).
  • #3,058
  • Aug 2, 2009 1:21pm Aug 2, 2009 1:21pm
Quoting ridingwaves2
Hi fontu, I see what you mean. But as far as I know, in AB=CD pattern, C should retrace 38%~78%, isn't it? (but in our case, C retraced about 90% of B in the E/U weekly chart).
yes ,but in strong bullish market , here perhaps it is not & still not retraced to the level of A to invalidate .
"
When studying this pattern it is important to know what invalidates the pattern. Here are three items that would invalidate the AB=CD pattern:

1. C cannot exceed A. Meaning the retracement of AB cannot exceed 1.00

2. C can be a 1.00 retracement of the AB leg, this is a rare pattern and a double top or bottom, but it is a valid pattern.

3. D must exceed B in order for the pattern to complete at D and be a valid AB=CD. "

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,059
  • Aug 2, 2009 9:24pm Aug 2, 2009 9:24pm
hi all,

my cable 5 mins chart.

I gonna take my first trade of new month after wave C completed.
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  • #3,060
  • Edited 5:39am Aug 3, 2009 5:25am | Edited 5:39am
Number of wave in brackets mean "or".

Besides divergence move in progress 84-86 sell zone
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