Hi !!
Here is my count and forecast on daily timeframe for EURUSD.
Comments are welcome !
Here is my count and forecast on daily timeframe for EURUSD.
Comments are welcome !
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DislikedHi !!
Here is my count and forecast on daily timeframe for EURUSD.
Comments are welcome !Ignored
DislikedHi Magic Trader, I like the way you incorporates your trend line and elliott wave analysis..keep the good workIgnored
http://www.thetradingsolutions.com/w...809silver1.bmp
As expected we saw the start of a possible upward move in Silver, starting on December 23. December 22 low is a possible first wave down of a medium term downward move. The upward move in the last few days of the previous week seems to be the start of a correction of this first wave down.
The main chart presents our preferred view for the upcoming days in Silver. As per this chart we expect to see at least a three wave move upwards in Silver, followed by the resumption of the sell off that we witnessed after December 3, 2009. Our target for the intermediate upward move will be around 18.20 to 18.50, with a chance of hitting the 18.95 level as well, but while keeping below the December 3, 2009 highs. These levels are likely to present a sufficiently strong resistance in the upward move to ward off any further rallies for the time being. Subsequently, we expect to see a bigger sell off than we saw in the first wave of the downward move from December 3, 2009 to December 22, 2009.
http://www.thetradingsolutions.com/w...809silver2.bmp
However, as an alternative (bullish) count given in the second image, the December 3, 2009 high may have been only the end of wave 3:C of the longer term correction in Silver. This would imply that the December 22 low is a possible 4th wave low for the market and, therefore, we should be expecting a final fifth wave rally in the market, preferably making a new high.DislikedThanks. I've learned it from Glenn Neely's book "Mastering Elliott Wave" and it's very helpful .
Possibility on GU H4:Ignored
DislikedMomentum: 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...Ignored
DislikedHere is some thought about irregular correction. Maybe it will help for better labeling. I think irregular appears more often then we think...
This is the version where wave 5 do not go below the low, but it goes below wave 3 which is ok for Theory. And also this confusing three waves with internal 5 wave structure .Ignored
DislikedHi Magictrader, Happy holidays!
I bot Neely's book not long ago and have read about 30 pages so far. Which chapters or pages in Neely's book do you think are more helpful? Thanks.Ignored
DislikedHi,
I don't read every page of it, but I like the channeling part and with labeling extensions and one with alternate counts (10, 11, 12 chapter). It's not easy book .Ignored
DislikedHi,
I don't read every page of it, but I like the channeling part and with labeling extensions and one with alternate counts (10, 11, 12 chapter). It's not easy book .Ignored
Dislikedthe Thing is Nelly just known as Why This is Wave Came:
The Secret Hide on CHAPTER 3
Chart Preparation and data management
And 7th Chapter Complicity Rule
But The Hard charter is 8thIgnored