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Elliott Wave Trading

  • #3,141
  • Aug 24, 2009 11:28am Aug 24, 2009 11:28am
I think given the last 12 hours of price action (or lack there of) the EW count is starting to look more likely to be something like this, being as there is very little bearish momentum remaining for the moment.

We may press down a little more, but I don't expect the move will be anything significant, or if it is I would expect it to be a short sharp move that then bounces upward toward my green wave(i)....but, we shall see:
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  • #3,142
  • Aug 25, 2009 1:32am Aug 25, 2009 1:32am
Good morning everyone,
this is my EU 10 Min, any coments ?
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  • #3,143
  • Aug 25, 2009 1:46am Aug 25, 2009 1:46am
My Eur/Chf chart
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  • #3,144
  • Aug 25, 2009 2:31am Aug 25, 2009 2:31am
Quoting sarasxxx
Good morning everyone,
this is my EU 10 Min, any coments ?
Hi Sarasxxx and Blue Bottle.

(Sorry for the late arrival today!)

Both of your counts make good sense to me, as they go hand-in-hand with my GBP/USD 4H count....So, here it is:
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  • #3,145
  • Aug 25, 2009 7:40am Aug 25, 2009 7:40am
Quoting 200ema
Hi Sarasxxx and Blue Bottle.

(Sorry for the late arrival today!)

Both of your counts make good sense to me, as they go hand-in-hand with my GBP/USD 4H count....So, here it is:
We could also be forming a B wave triangle.
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  • #3,146
  • Aug 25, 2009 8:31am Aug 25, 2009 8:31am
I don't know about this cable but it seems to want to go up...
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  • #3,147
  • Aug 25, 2009 9:34am Aug 25, 2009 9:34am
The move up for GBP/USD is still in the set-up process from the looks of things, but from a conventional tech. analysis perspective the Daily, and 4H charts are over sold...so something will likely give to the upside before too long. That said, I have a downside price target of 1.6280 that the GBP/USD may move down to before it makes it's move to the upside.

We'll have to wait and see, as always.

Trade it how you like, or sit on your hands until you see something you DO like.

Cheers,
  • #3,148
  • Aug 25, 2009 10:06am Aug 25, 2009 10:06am
Here is a possible Alt. count for the 4H time frame which would allow for a move upward out of the O/S (Over Sold) area on the Daily and 4H charts and make EW sense as well.

If this Alt. count is correct, we should see a move up [green wave (ii)]that does NOT exceed the high of blue wave c/ii. In the event that the move up does exceed the high of blue wave ii it could be confirmation of the blue wave b count presented earlier.

...Just some thoughts....but either way, I'm still expecting a bullish move soon.
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  • #3,149
  • Aug 26, 2009 10:44pm Aug 26, 2009 10:44pm
Good morning all,

After the London session yesterday, I was going over my charts and looking at the Daily, 4H, and 1H charts as well as my EW count.

The Daily, 4H, and 1H charts are quite over-sold right now, so I think there will likely be a bull rally on the GBP/USD soon (how soon is not certain at this time). If this rally takes place as I'm thinking it will. This may well be the correct EW count for the Daily chart.

Any thoughts??? Fire away!
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  • #3,150
  • Aug 26, 2009 10:57pm Aug 26, 2009 10:57pm
Eur/Usd M5 Chart,

I think Eur/Usd is getting ready to shoot down.
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  • #3,151
  • Aug 26, 2009 11:15pm Aug 26, 2009 11:15pm
Eur/jpy daily chart
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  • #3,152
  • Aug 26, 2009 11:20pm Aug 26, 2009 11:20pm
BlueBottle,

Thoughts on the GBP/USD?
  • #3,153
  • Edited Aug 27, 2009 4:20am Aug 26, 2009 11:35pm | Edited Aug 27, 2009 4:20am
Quoting 200ema
BlueBottle,

Thoughts on the GBP/USD?

Hi 200ema,

My gbp/usd count is exactly like yours. looking for downwards direction.

I have also added some short after see yesterday "New home sales" positive news.
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  • #3,154
  • Aug 28, 2009 3:44am Aug 28, 2009 3:44am
hi all,

my eur/gbp charts.
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  • #3,155
  • Aug 28, 2009 4:53am Aug 28, 2009 4:53am
mho is that current wave up starts from may 2000, so you kind of ignore the first two subwaves in your count? maybe you do not have that price data?


Quoting Blue bottle
hi all,

my eur/gbp charts.
  • #3,156
  • Aug 28, 2009 5:26am Aug 28, 2009 5:26am
I've got something like this on EG:
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  • #3,157
  • Aug 28, 2009 6:50pm Aug 28, 2009 6:50pm
Quoting Piglet
mho is that current wave up starts from may 2000, so you kind of ignore the first two subwaves in your count? maybe you do not have that price data?

Hi Piglet,

Thanks a lot for highlighting it to me.

Attached now is the weekly chart which starts from 1995. I guess this chart covers all the subwaves.
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  • #3,158
  • Aug 29, 2009 7:46am Aug 29, 2009 7:46am
Quoting Blue bottle
Hi Piglet,

Thanks a lot for highlighting it to me.

Attached now is the weekly chart which starts from 1995. I guess this chart covers all the subwaves.
Hi blue

I think u missed bigger scope
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  • #3,159
  • Aug 29, 2009 9:28am Aug 29, 2009 9:28am
Quoting 5ysfx
Hi blue

I think u missed bigger scope
Anyway all counting ABC correction .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,160
  • Aug 31, 2009 8:22am Aug 31, 2009 8:22am
Oops! seems like no one agree with me about the diagonal triangle.

Anyway, I only took small trade, so wont pain me much if I lose.

Lets see what market has to say..
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