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Elliott Wave Trading

  • #3,321
  • Sep 15, 2009 1:50pm Sep 15, 2009 1:50pm
Quoting Petar_Serbia
I opened buy GBP USD at 1.6450 Sl 50 pips


Look picture with Fibo Arc
Hi Petar

wave2 must be not retrace more than 100% of wave 1
  • #3,322
  • Sep 15, 2009 1:55pm Sep 15, 2009 1:55pm
OMG i Forgot that :O, i am out of trade 50 pips + ....



I am beginer just 2 days learn and practice
"Buy on fear, sell on greed !!!
  • #3,323
  • Sep 15, 2009 1:56pm Sep 15, 2009 1:56pm
Quoting ridingwaves2
Thanks for the chart Yellah.

I picked up some today because I thought the price reached a bottom
yesterday. It seems my timing was a little better than yours
USDJPY may still fluctuate in the range today or tomorrow. But I hope it will
be trending up for the next few days at least.
most welcome

In 4H chart I mentioned it will go to 90.90 while price at 92.01
  • #3,324
  • Sep 15, 2009 2:10pm Sep 15, 2009 2:10pm
Yalahh Wave this is correct,isnt it ?
Attached Image (click to enlarge)
Click to Enlarge Name: H444.JPG Size: 114 KB
"Buy on fear, sell on greed !!!
  • #3,325
  • Sep 15, 2009 2:50pm Sep 15, 2009 2:50pm
Quoting Petar_Serbia
Yalahh Wave this is correct,isnt it ?
Yeas it is correct complete impulse wave may wave 1 in second cycle or wave a in Zigzag pattern. good continue..

to improve your skill in this art should be see continues many analysis chart for professional eliotation like Zoran Gayer and Jeffrey Kennedy in EWI
  • #3,326
  • Sep 15, 2009 5:20pm Sep 15, 2009 5:20pm
Here is a bigger picture of the cable. Shooting for 1.72 I would say...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 081509-daily.jpg Size: 66 KB
  • #3,327
  • Sep 15, 2009 5:21pm Sep 15, 2009 5:21pm
And here is an analysis I did of eurjpy about a month ago with update...
Attached Images
  • #3,328
  • Sep 15, 2009 7:17pm Sep 15, 2009 7:17pm
Quoting yallah wave

If wave C of wave 5= 1.618*wave A of wave 5 at 1.4714
If wave 5 of wave C=wave 1 of wave C at 1.4688 ( If wave 3=> 1.618*wave 1, wave 5=wave 1)
Rich first target.
  • #3,329
  • Sep 15, 2009 8:06pm Sep 15, 2009 8:06pm
Quoting yallah wave
Rich first target.
That would be the ideal target. Always anticipate truncations, flats etc.
  • #3,330
  • Sep 16, 2009 7:25am Sep 16, 2009 7:25am
Possible ending of something which could looks like 3rd wave...
Attached Image (click to enlarge)
Click to Enlarge Name: eu_d1.gif Size: 21 KB
  • #3,331
  • Sep 16, 2009 8:05am Sep 16, 2009 8:05am
Hello guys, i think that EUR USD clrear on Daily


Anybody agree with me ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily.JPG Size: 100 KB
"Buy on fear, sell on greed !!!
  • #3,332
  • Sep 16, 2009 8:19am Sep 16, 2009 8:19am
Quoting Petar_Serbia
Hello guys, i think that EUR USD clrear on Daily


Anybody agree with me ?
I agree, and also with magictrader. I think we will have one more attempt to reach the upper trendline, possibly overshoot it a little.
  • #3,333
  • Sep 16, 2009 12:13pm Sep 16, 2009 12:13pm
Quoting yallah wave
Rich first target.
Rich second target
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 16-9-09 H1.png Size: 17 KB
  • #3,334
  • Sep 16, 2009 12:13pm Sep 16, 2009 12:13pm
Quoting yallah wave
most welcome

In 4H chart I mentioned it will go to 90.90 while price at 92.01
Good for you!

Look at the USDJPY rollercoaster ride today, phew!
  • #3,335
  • Sep 16, 2009 12:57pm Sep 16, 2009 12:57pm
Have a look at the wave count of Sp-500. Looks like 1100 is not so far, as I mentioned in my earlier posts. Risk aversion is still not there in the markets. Until I see some signs of risk aversion I am not very bearish on EURO.
If you are in the expanding diagonal group, expect a good thrust in final wave, and if you are in triangle group in wave 4, dont expect the thrust to wane out yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SP500 Daily.png Size: 77 KB
Click to Enlarge Name: SP500 300M.png Size: 77 KB
  • #3,336
  • Sep 16, 2009 1:01pm Sep 16, 2009 1:01pm
Quoting pipPuller
Have a look at the wave count of Sp-500. Looks like 1100 is not so far, as I mentioned in my earlier posts. Risk aversion is still not there in the markets. Until I see some signs of risk aversion I am not very bearish on EURO.
If you are in the expanding diagonal group, expect a good thrust in final wave, and if you are in triangle group in wave 4, dont expect the thrust to wane out yet.
I agree with you on this. But time is running out for eurusd.
We would have to see a de-correlation between stocks and eurusd.
  • #3,337
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
Quoting yallah wave
Rich first target.
Hi , yallah wave

could you list me the formula of wave 1 till wave c ?

i'm so interesting with the EW's formula

thx !
  • #3,338
  • Sep 16, 2009 1:35pm Sep 16, 2009 1:35pm
Possibilities for the termination of wave 5 in EURO. Green lines are for expanding diagonal, and red line for the triangle in wave 4. Larger lines are equal to wave 1 and smaller lines are 62% of wave1.
Although it is just a guideline, but should be kept in the possibilities.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wave5 target.png Size: 98 KB
  • #3,339
  • Sep 16, 2009 3:08pm Sep 16, 2009 3:08pm
Quoting ridingwaves2
Good for you!

Look at the USDJPY rollercoaster ride today, phew!
I think it will test 78.6% (89.80) also it good daily support
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 16-9-09 D.png Size: 27 KB
  • #3,340
  • Sep 16, 2009 7:14pm Sep 16, 2009 7:14pm
Here is the wave count of EURJPY
Triangle is an alternate count, but I think it has two issues
1) wave b of the triangle is bigger than wave a, in that case it is a running triangle
2) also wave has an impulsive structure, for it to be a part of a triangle it should have 3,7 or 11 subwaves in it .... and usually wave a of the triangle is not that complex .....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy Corr.gif Size: 17 KB
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