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Elliott Wave Trading

  • #4,301
  • Feb 20, 2010 3:48am Feb 20, 2010 3:48am
pull back on eu....let's what happening on monday japanese zone , usd weakness mostly bringing jpy weakness..
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  • #4,302
  • Feb 20, 2010 10:52am Feb 20, 2010 10:52am
Quoting fontu
Thanks , I have no dollar chart just seeing from yours . seems to all up.
fontu
Hey, I think an uptrend at this point is defintely possible, but the reason i think the fourth wave is not finished is because the recent upward movement is clearly in 3 waves, and is overlapping.
Therefore it could be either a B wave within the 4th wave, making the recent horizontal consolidation a 4th wave flat, or if the recent 3 wave overlapping upward movement is a ending diagonal. either wave the i think we will be seeing some downward movement.

but anything could happen...

* i am still working on getting clearer picture uploaded on here, but for the time being, if you guys want to see my counts clearly, you are going to have to click on the image to open them up. sry
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  • #4,303
  • Feb 21, 2010 12:38am Feb 21, 2010 12:38am
hi all,

my gbp/usd charts
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  • #4,304
  • Feb 21, 2010 12:39am Feb 21, 2010 12:39am
Nzd/Usd H4 chart and UsdCad Daily chart
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  • #4,305
  • Feb 21, 2010 1:16am Feb 21, 2010 1:16am
Right some corrective smaller movements within wave iv should happen before the v.
fontu
Quoting halfstep
Hey, I think an uptrend at this point is defintely possible, but the reason i think the fourth wave is not finished is because the recent upward movement is clearly in 3 waves, and is overlapping.
Therefore it could be either a B wave within the 4th wave, making the recent horizontal consolidation a 4th wave flat, or if the recent 3 wave overlapping upward movement is a ending diagonal. either wave the i think we will be seeing some downward movement.

but anything could happen...

* i am still working on getting clearer picture uploaded on...
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #4,306
  • Feb 21, 2010 4:21am Feb 21, 2010 4:21am
Looks like short covering start now on EU...
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  • #4,307
  • Feb 21, 2010 4:24am Feb 21, 2010 4:24am
Quoting magictrader
Looks like short covering start now on EU...
Good chart bro
"Buy on fear, sell on greed !!!
  • #4,308
  • Feb 21, 2010 4:40am Feb 21, 2010 4:40am
Quoting magictrader
Looks like short covering start now on EU...
that pattern a lower fractal...would u like to share..the way u define a trend..if u don't mind..
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  • #4,309
  • Feb 21, 2010 4:51am Feb 21, 2010 4:51am
Quoting azlan80
that pattern a lower fractal...would u like to share..the way u define a trend..if u don't mind..
http://www.harmonictrader.com/price_patterns3d.htm

Looks nice with larger scale on Daily. This could be and of wave C... For me it looks more like C rather than 3 because price won't break that channel.

And with correlation to AUDUSD weekly chart it looks also like ABC...
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  • #4,310
  • Feb 21, 2010 5:02am Feb 21, 2010 5:02am
Quoting magictrader
http://www.harmonictrader.com/price_patterns3d.htm

Looks nice with larger scale on Daily. This could be and of wave C... For me it looks more like C rather than 3 because price won't break that channel.

And with correlation to AUDUSD weekly chart it looks also like ABC...

so nice.....
another Question....
1? How many pair that u're trading?
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  • #4,311
  • Feb 21, 2010 5:05am Feb 21, 2010 5:05am
Quoting azlan80
so nice.....
another Question....
1? How many pair that u're trading?
Just 4 majors, EU, USDCHF, GU, UJ. But I like to look on correlated pairs to confirm, or not, Wave set ups. It could be very helpful.
And I love to pick tops and bottoms . Of course with SL.
  • #4,312
  • Feb 21, 2010 5:07am Feb 21, 2010 5:07am
Download this Report in PDF Format

Summary

Long term outlook: Up
Medium Term Outlook: Down
Short Term Outlook: Sideways to Up
Medium Term Revision Point: Break above 21.31
Potential Medium Term Target: 8.45 and lower

http://www.thetradingsolutions.com/w...110silver1.bmp


With a potential wave 1 at the December 22, ’09 low (16.78), followed by wave 2 at the January 11, ’10 high (18.89 and a possible wave 3 at the February 5, ’10 low (14.66), we assess to be currently in a potential wave 4. At the February 19, ’10 close at 16.27, we may be at or close to the potential completion of wave 4 or, in the least, the first leg (wave a of a-b-c) of wave 4. These two possibilities create the two scenarios that we shall discuss below:

In the main image, we have presented the view according to which we are at or near the completion of wave 4. As per this scenario, we expect the resumption of the downward trend close at hand. In this situation, we would expect the completion of wave 4 at or close to the 16.75 level, from where a short or medium term downward move is likely to commence.

http://www.thetradingsolutions.com/w...110silver2.bmp


As per the second case scenario, as depicted in the second image, we are approaching only the first leg of wave 4, i.e., wave a.4, at the close of February 19, ’10 high (16.27). In the case of this scenario, we would expect a three wave decline for wave b.4 to be followed by another five-wave advance to complete wave c.4, completing the fourth wave. We would expect a five-wave downwards move, once we reach the termination point of the fourth wave.
  • #4,313
  • Feb 21, 2010 5:10am Feb 21, 2010 5:10am
Quoting magictrader
http://www.harmonictrader.com/price_patterns3d.htm

Looks nice with larger scale on Daily. This could be and of wave C... For me it looks more like C rather than 3 because price won't break that channel.

And with correlation to AUDUSD weekly chart it looks also like ABC...
1. Nothing wrong with this count...since chart eurusd comparing with audusd another strong versus correlation anre EurUsd vs. Usdchf...Of couse correlation may change...but just typical versus correlation with these eu and uc are most common...
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  • #4,314
  • Feb 21, 2010 5:16am Feb 21, 2010 5:16am
Quoting azlan80
1. Nothing wrong with this count...since chart eurusd comparing with audusd another strong versus correlation anre EurUsd vs. Usdchf...Of couse correlation may change...but just typical versus correlation with these eu and uc are most common...
I know that, this is just a tip . Everything could change, but for now, for me, it looks ok. If Something change then there is Stop Loss and I will wait for another scenario from the market .
  • #4,315
  • Feb 21, 2010 5:16am Feb 21, 2010 5:16am
Quoting magictrader
Just 4 majors, EU, USDCHF, GU, UJ. But I like to look on correlated pairs to confirm, or not, Wave set ups. It could be very helpful.
And I love to pick tops and bottoms . Of course with SL.
1. that's great...i would like to do so...but not very peak or bottom ....
Larry William like to have a cell number who have trade at absolute peak or bottom..
2.thank U
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  • #4,316
  • Feb 21, 2010 5:21am Feb 21, 2010 5:21am
Quoting magictrader
I know that, this is just a tip . Everything could change, but for now, for me, it looks ok. If Something change then there is Stop Loss and I will wait for another scenario from the market .
1. The most advice love to have it...been hit and wait....be patient..counting and back re-valuate...
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  • #4,317
  • Feb 21, 2010 5:40am Feb 21, 2010 5:40am
Quoting magictrader
Just 4 majors, EU, USDCHF, GU, UJ. But I like to look on correlated pairs to confirm, or not, Wave set ups. It could be very helpful.
And I love to pick tops and bottoms . Of course with SL.
1.lower fractal are so hard..very hard to get a right timing...to entry...some may decent profit same may lucky to fly over..
2.Lets , share on this..how intraday make up a big fractal structure..this is to illustrate monday data to friday nzdjpy chart..
3. So many times to re-evaluate...waves counts..how do you define peak and bottom...it's that by correlation at most?
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  • #4,318
  • Feb 21, 2010 5:54am Feb 21, 2010 5:54am
in big picture we're dealing with wave 5 sequence...
1. Im just up loaded this.. it's bring me a lot intention to understand the puzzle..


just my 2 cents...
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  • #4,319
  • Feb 21, 2010 7:20am Feb 21, 2010 7:20am
Using the time to check in a sub., with the note that as we give so shall we receive

Bless
  • #4,320
  • Feb 21, 2010 8:21am Feb 21, 2010 8:21am
Quoting pathumracled
Using the time to check in a sub., with the note that as we give so shall we receive

Bless
praying makes chart uptrend....hahaha
1. eurgbp...
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