Elliott Wave Trading | Page 206 | 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

  • #4,101
  • Jan 27, 2010 10:58am Jan 27, 2010 10:58am
Looks like the end of falling will be soon...
Now the key is the structure of up movement. This should tell, is it wave ii in wave 3 or tah was and of bigger wave C (which I preffer for now ).
Attached Image
  • #4,102
  • Jan 27, 2010 12:55pm Jan 27, 2010 12:55pm
I am not completely convinced of this count, but so far this is the best fit, given price pattern.
Attached Image
  • #4,103
  • Jan 27, 2010 6:35pm Jan 27, 2010 6:35pm
Aussie
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie H1 Jan27.jpg Size: 93 KB
  • #4,104
  • Jan 27, 2010 6:36pm Jan 27, 2010 6:36pm
Pound
Attached Image (click to enlarge)
Click to Enlarge Name: Pound H1 Jan27.jpg Size: 156 KB
  • #4,105
  • Jan 27, 2010 6:37pm Jan 27, 2010 6:37pm
Euro
Attached Image (click to enlarge)
Click to Enlarge Name: Euro H1 Jan27.jpg Size: 102 KB
  • #4,106
  • Jan 27, 2010 6:38pm Jan 27, 2010 6:38pm
Swiss Francs
Attached Image (click to enlarge)
Click to Enlarge Name: Swiss H1 Jan27.jpg Size: 114 KB
  • #4,107
  • Jan 27, 2010 9:56pm Jan 27, 2010 9:56pm
There is more down movement coming for the EUR, but meanwhile we might be experiencing a retracement to 4100 level before going down. Really good sell opportunities are coming up at the 4100 - 4200 levels
Attached Image
  • #4,108
  • Jan 27, 2010 9:57pm Jan 27, 2010 9:57pm
JPEG version of the above file
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 148 KB
  • #4,109
  • Edited 10:48pm Jan 27, 2010 10:27pm | Edited 10:48pm
Looks like we should get a move up in the overnight hours or tomorrow to complete a portion of this rally. Once this bear rally is complete, wave 3 should take over and make believers out of many traders. Since this is wave 2, and the first one at that, the retracement upward might be strong. Wave 2 is primarily comprised on non-believers. Either way, I'm simply waiting for a zigag up to occur. It's the most common wave 2 pattern. Price projections where wave 'A' = 'C' should suffice. I'll simply wait for 5 minor waves within wave 'C' before going short.
Attached Image (click to enlarge)
Click to Enlarge Name: Dow-1-28-2010.jpg Size: 174 KB
  • #4,110
  • Jan 28, 2010 3:31am Jan 28, 2010 3:31am
Looks like the end of up movement...
Attached Image
  • #4,111
  • Jan 28, 2010 12:52pm Jan 28, 2010 12:52pm
Quoting magictrader
Looks like the end of falling will be soon...
Now the key is the structure of up movement. This should tell, is it wave ii in wave 3 or tah was and of bigger wave C (which I preffer for now ).
Pretty cool labelling, Right on

Just a note on the side:

That what you have labelled as wave 4 (of the C wave) could actually be Wave A of a irregular/running flat correction too, or your wave 5 could actually be wave 1 of a 5 waves unfolding. The size of the retracement that will follow will verify everything. But I am with you on this analysis. Very good analysis
  • #4,112
  • Jan 28, 2010 5:44pm Jan 28, 2010 5:44pm
That's my preferred scenario, too, magictrader--that this down-leg is Wave C of a long corrective wave.

I think the uptrend is NOT over as far as the EUR/USD pair is concerned.
Amor Fati--F. Nietzsche
  • #4,113
  • Jan 28, 2010 7:32pm Jan 28, 2010 7:32pm
Quoting magictrader
Looks like the end of up movement...
Hey Magic,

I think your A is a 1, your B is a 2, and your C is wave (i) of 3. The USD has officially changed trend and will likely appreciate through the end of Oct 2010 to around DX90.
  • #4,114
  • Jan 28, 2010 9:20pm Jan 28, 2010 9:20pm
Aussie
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie H1 Jan28.jpg Size: 124 KB
  • #4,115
  • Jan 28, 2010 9:22pm Jan 28, 2010 9:22pm
Pound
Attached Image (click to enlarge)
Click to Enlarge Name: Pound H1 Jan28.jpg Size: 155 KB
  • #4,116
  • Jan 28, 2010 9:24pm Jan 28, 2010 9:24pm
Euro
Attached Image (click to enlarge)
Click to Enlarge Name: Euro H1 Jan28.jpg Size: 101 KB
  • #4,117
  • Jan 28, 2010 9:25pm Jan 28, 2010 9:25pm
Swiss
Attached Image (click to enlarge)
Click to Enlarge Name: Swiss H1 Jan28.jpg Size: 116 KB
  • #4,118
  • Jan 28, 2010 10:01pm Jan 28, 2010 10:01pm
If my count is correct, this should be the stopping point for wave 1 down. I can count 5 waves in the final push down on a 15 minute chart. I'm looking for a 5 wave count up on the 5 and 15 minute charts to help confirm the reversal. Once I see that, I'll wait for wave 2 down and I'll go long with a stop-loss just under wave 1.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1-28-2009.jpg Size: 241 KB
  • #4,119
  • Jan 28, 2010 10:23pm Jan 28, 2010 10:23pm
Quoting ewt_guy
If my count is correct, this should be the stopping point for wave 1 down. I can count 5 waves in the final push down on a 15 minute chart. I'm looking for a 5 wave count up on the 5 and 15 minute charts to help confirm the reversal. Once I see that, I'll wait for wave 2 down and I'll go long with a stop-loss just under wave 1.
Hi.
Once you get in, make a call to the rookies
  • #4,120
  • Jan 29, 2010 7:09am Jan 29, 2010 7:09am
Quoting j_d
Hi.
Once you get in, make a call to the rookies

I'm in. Make sure you have a stop loss. Mine is below the low of yesterday.

Good luck.
14 traders viewing now