Elliott Wave Trading | Page 195 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Elliott Wave Trading by Ayax 2,105 replies

Elliott wave trading 94 replies

elliott wave trading channel 22 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Elliotters..Elliott Wave Trading 9 replies

Attachments: Elliott Wave Trading
Exit Attachments

Elliott Wave Trading

  • #3,881
  • Edited 4:57pm Dec 18, 2009 4:46pm | Edited 4:57pm
Quoting TaoTrader
Your wave counts do not start in the right place. Due to the crisis last year and the carry over this year, the proper way would be to start in July of 2008 for wave one down. I see you are using the weekly chart and I am very familiar with Elliot Waves. Remember, you must account for the crisis and adjust your charts accordingly.
TaoTrader we are here to learn from each other, please show us your charts. That will be the best way to improve our skills in using Elliott Wave Theory.
  • #3,882
  • Dec 18, 2009 4:58pm Dec 18, 2009 4:58pm
Quoting magictrader
TaoTrader we are here to learn from each other, please show as your charts. That will be the best way to improve our skills in using Elliott Wave Theory.
you right magictrader, this is the place for ppl exchange imformation and opion about the market,don't make yourself like soros. if you really that good, i think that is wasting ur time to make any comment here,go get your own heged fund
  • #3,883
  • Dec 18, 2009 5:10pm Dec 18, 2009 5:10pm
Quoting TaoTrader
For the last time......pay attention to the chart....I never post wave counts because you can follow these by my fibonacci retracement and expansion numbers. Anyway, I do not wish to debate, just learn and have a nice discussion. So here is my chart with the numbers for you.

It might be me, but I still don't see a real wave count,
just some numbers (123)that do not make sense.
Am I missing something?

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #3,884
  • Dec 18, 2009 9:24pm Dec 18, 2009 9:24pm
Quoting AZ-Heat
It might be me, but I still don't see a real wave count,
just some numbers (123)that do not make sense.
Am I missing something?

AZ

My chart illustrates basic Elliot wave theory. You are most likely reading the chart wrong.

-Start at the top where the number 1 is, this is start of wave 1. Follow the 1 down(follow the red dashed lines) to the number 2. The number 2 is the end of wave 1.

-The number 2 is also the beginning of wave 2. Follow the 2 up (follow the red dashed lines) to the top where the long red candle is pointing down.

-The long red candle above the 3 is the end of wave 2 and the beginning of wave 3.
  • #3,885
  • Dec 19, 2009 7:17am Dec 19, 2009 7:17am
There is more time during the weekend, so maybe something like this on EU:
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.gif Size: 25 KB
  • #3,886
  • Dec 19, 2009 6:06pm Dec 19, 2009 6:06pm
Quoting TaoTrader
My chart illustrates basic Elliot wave theory. You are most likely reading the chart wrong.

-Start at the top where the number 1 is, this is start of wave 1. Follow the 1 down(follow the red dashed lines) to the number 2. The number 2 is the end of wave 1.

-The number 2 is also the beginning of wave 2. Follow the 2 up (follow the red dashed lines) to the top where the long red candle is pointing down.

-The long red candle above the 3 is the end of wave 2 and the beginning of wave 3.
OK, I see what you're saying.
But I would label it like this.

AZ
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 19 16.58.gif Size: 18 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #3,887
  • Dec 19, 2009 6:33pm Dec 19, 2009 6:33pm
Quoting magictrader
There is more time during the weekend, so maybe something like this on EU:
hey magictrader

just I have seen your Count very carefully!!!!

Most of Trader Having The Same observation!!!

but i bit Dessagree with a or 1 and a or 2 i dont mean this is wrong but this isn't a totally Right conformation to find 2 , and The Subdivision is Very good No doubt!!!

and i like your abc C failure or you can say running!!! C failure Bring every time abcde Correction and In your Chart that Is perfect!!!!


Here is my count


http://i46.tinypic.com/2mpy8lc.jpg
DRAGON-TECHNICAL ANALYSIS!
  • #3,888
  • Dec 19, 2009 7:13pm Dec 19, 2009 7:13pm
EU long term

MONTH CHART

4/Y..


http://i47.tinypic.com/2ibkr46.jpg
DRAGON-TECHNICAL ANALYSIS!
  • #3,889
  • Dec 20, 2009 7:43am Dec 20, 2009 7:43am
Silver

http://www.thetradingsolutions.com/w...2109silver.bmp

Summary

  1. Long term outlook: Up
  2. Medium Term Outlook: Down
  3. Short Term Outlook: Sideways to up
  4. Medium Term Revision Point: Break above 21.31
  5. Potential Medium Term Target: 8.45 and lower


The move in Silver, during the last week, was of a corrective nature. This correction is possibly a second wave of a, potentially, medium term downward move. However, considering the time length and the depth of the correction, this correction does not seem to be over just yet. As the main image shows, we expect the next few days to complete this correction in two more phases. In the first phase, the price is likely to fall close to the 16.88 or lower, from where we expect to see the last leg of this correction going towards 17.78 and above, but staying below the December 3, 2009 high at 19.46.

In view of our current outlook presented above, we shall be looking for low risk, high probability buy signals in the vicinity of 16.88, 16.65, 16.51 and 16.41 to start long positions with a target of 18.46 to 18.90 in sight. If, the presented count is to hold good, we should see the prices stalling and a downward move starting while remaining below the 19.46 level. Subsequently, we would, therefore be looking for low risk, high probability sell signals to emerge in the vicinity of 18.5 to 18.90.

If, however, we get a break above the December 3 high at 19.46, we shall be forced to review our wave count.

  • #3,890
  • Dec 20, 2009 12:32pm Dec 20, 2009 12:32pm
Though favour the regular eurusd counts doing for 8 months , an alternative can also happen in extreme cases as anything can happen in forex.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,891
  • Dec 20, 2009 3:28pm Dec 20, 2009 3:28pm
Quoting fontu
Though favour the regular eurusd counts doing for 8 months , an alternative can also happen in extreme cases as anything can happen in forex.
fontu
Yes that possibility came to my mind today and i will see where Sunday and Monday with my indicator says:
If we didn't go up i might take that risk
  • #3,892
  • Dec 22, 2009 10:24am Dec 22, 2009 10:24am
Looks nice for bigger up correction (200 pips or more)...
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 48 KB
  • #3,893
  • Dec 22, 2009 1:12pm Dec 22, 2009 1:12pm
Momentum: Bullish with bearish divergence

Pattern: Possible of Wave E of Complex Correction.

Price: A significant resistant exist at 146.44-146.75 where both 0.618 Fibonacci Retracement and 0.618 Fibonacci Expansion cluster together within a very tight range.

Short Term Strategy: Stay away from GBPJPY. The elephant is still in consolidation/indecision phase.

Long Term Strategy: If the 147.05 High of 22 Dec 2009 has been completed/confirmed as Wave E of Complex Correction, then we will see a continuation of impulsive wave where the bear will soar....

If the High of 22 Dec 2009 is taken out...do nothing...wait for another confirmation for bullish trend

just my 2 cents...

trade at your own risk for those who read my analysis..

http://2.bp.blogspot.com/_mPzakcyDNg...ber%2B2009.gif

  • #3,894
  • Dec 22, 2009 5:20pm Dec 22, 2009 5:20pm
Hi Elliotticians !

I am new to elliott waves looking to forecast possible market mouvements to incorporate in my existing strategy.

Learning since the beginning of the week following recommendations of members in the thread ( mostly studying Pretcher ... ).

So here is my counting and forecast for EURUSD, feel free to comment on my analysis, I am here to learn. I think I respected all rules, and do my best to follow guidelines as much as possible.

I know it's long term and not much valuable for many members but I think I have to start from the big picture and goes to smaller timeframes step by step...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd elliot count 22-12-2009.gif Size: 19 KB
  • #3,895
  • Dec 23, 2009 12:36am Dec 23, 2009 12:36am
Quoting Kyuubi
Hi Elliotticians !

I am new to elliott waves looking to forecast possible market mouvements to incorporate in my existing strategy.

Learning since the beginning of the week following recommendations of members in the thread ( mostly studying Pretcher ... ).

So here is my counting and forecast for EURUSD, feel free to comment on my analysis, I am here to learn. I think I respected all rules, and do my best to follow guidelines as much as possible.

I know it's long term and not much valuable for many members but I think I have to start...
Wow! Nice try..

Just thinking, Do you really mean USD is going be even weaker again?

Just doing my devil advocating..
  • #3,896
  • Dec 23, 2009 2:45am Dec 23, 2009 2:45am
Quoting Kyuubi
Hi Elliotticians !

I am new to elliott waves looking to forecast possible market mouvements to incorporate in my existing strategy.

Learning since the beginning of the week following recommendations of members in the thread ( mostly studying Pretcher ... ).

So here is my counting and forecast for EURUSD, feel free to comment on my analysis, I am here to learn. I think I respected all rules, and do my best to follow guidelines as much as possible.

I know it's long term and not much valuable for many members but I think I have to start from the...
Hi,
I'm waiting for the same scenario at this moment .
  • #3,897
  • Dec 23, 2009 3:46pm Dec 23, 2009 3:46pm
EURUSD update:

Merry Christmas everyone .
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 46 KB
  • #3,898
  • Dec 24, 2009 2:37am Dec 24, 2009 2:37am
One more EU update .
Attached Image
  • #3,899
  • Dec 25, 2009 10:11am Dec 25, 2009 10:11am
COMMENTS?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-chf_H4.gif Size: 40 KB
Click to Enlarge Name: eur-usd_H4.gif Size: 40 KB
  • #3,900
  • Dec 25, 2009 10:15am Dec 25, 2009 10:15am
Quoting magictrader
One more EU update .
before the rebound, i counted the last three waves down as an ending diagonal.
6 traders viewing now