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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #1,121
  • Mar 21, 2010 6:16am Mar 21, 2010 6:16am
Guys any View on USD/ JPY..

Right or wrong... Here is my View..

This Pair may tell us where other yen pairs are going..

Please correct me if wrong..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD JPY WEEKLY 2.jpg Size: 136 KB
Click to Enlarge Name: USD JPY WEEKLY1.jpg Size: 133 KB
Markets are not Random, they are designed!
  • #1,122
  • Mar 21, 2010 7:59am Mar 21, 2010 7:59am
Quoting nawafasad1
thx vincy for the reply . i do watch eur/gbp . i m looking for a short on this pair this week coming from .9 area to target .8850 and .8750.
My pleasure my good man
DRAGON-TECHNICAL ANALYSIS!
  • #1,123
  • Mar 21, 2010 8:01am Mar 21, 2010 8:01am
Quoting Raza
Guys any View on USD/ JPY..

Right or wrong... Here is my View..

This Pair may tell us where other yen pairs are going..

Please correct me if wrong..
HI MY GOOD FRIEND RAZA


oh Perfect chart of Usd/jpy My good man , YOU MADE ME PROUD THAT YOU BEGIN ELLIOT WAVE HERE
DRAGON-TECHNICAL ANALYSIS!
  • #1,124
  • Mar 21, 2010 11:05am Mar 21, 2010 11:05am
My monthly looks bearish... I was parked more in the 2 year consolidation camp...

But then I when I was looking at daily Volume-- Exhaustion of current trend and high Volume spikes on down days...

97-100 ~NFP TF is in the cards...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uy_mar21.3.gif Size: 37 KB
Click to Enlarge Name: uy_mar21.1.gif Size: 31 KB
  • #1,125
  • Mar 21, 2010 4:28pm Mar 21, 2010 4:28pm
Quoting vincy balboa
HI MY GOOD FRIEND RAZA


oh Perfect chart of Usd/jpy My good man , YOU MADE ME PROUD THAT YOU BEGIN ELLIOT WAVE HERE
Many Thanks to YOU Vincy....

I have bought some of the books you recommended and spend Hours on Charts to Analyze..

I was Familiar with Elliot Concept But not confident about my analysis...before..

Seeing your Charts...opened a new way of looking at markets..

Thats why the First one to VOUCH you was ME....

God Bless you... Friend...
Markets are not Random, they are designed!
  • #1,126
  • Mar 22, 2010 5:03am Mar 22, 2010 5:03am
Quoting Jefftrader
My monthly looks bearish... I was parked more in the 2 year consolidation camp...

But then I when I was looking at daily Volume-- Exhaustion of current trend and high Volume spikes on down days...

97-100 ~NFP TF is in the cards...
hi Jefftrader


My good man compare to your Analysis You were very much Bearish About That pair or Second it also can be a DT of 0,1 =A. So that were be Leading Might be big Possibility, and also If i am not wrong so I am wondering If the Japan is strong so what The Heck the US government doing , Does any Body Government Analysts or any Agency care about the pair is falling Like Started Glass from Past ONE DECADE.

DRAGON-TECHNICAL ANALYSIS!
  • #1,127
  • Mar 22, 2010 5:08am Mar 22, 2010 5:08am
Quoting Raza
Many Thanks to YOU Vincy....

I have bought some of the books you recommended and spend Hours on Charts to Analyze..

I was Familiar with Elliot Concept But not confident about my analysis...before..

Seeing your Charts...opened a new way of looking at markets..

Thats why the First one to VOUCH you was ME....

God Bless you... Friend...
thats great My good man raza it is very good you Over view Those book what i recommended , Honestly may be you Think I am MAD , But Every weekends I just READ those Book again and AGIAN
DRAGON-TECHNICAL ANALYSIS!
  • #1,128
  • Mar 22, 2010 6:43am Mar 22, 2010 6:43am
gu ,, pop gun .......update



Attached Image (click to enlarge)
Click to Enlarge Name: candle pop gun.JPG Size: 25 KB


Attached Image
DRAGON-TECHNICAL ANALYSIS!
  • #1,129
  • Mar 22, 2010 6:53am Mar 22, 2010 6:53am
cisco didn't work bad day of the Feb Start


Attached Image (click to enlarge)
Click to Enlarge Name: cisco.JPG Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cisco 1.JPG Size: 42 KB
DRAGON-TECHNICAL ANALYSIS!
  • #1,130
  • Mar 22, 2010 7:03am Mar 22, 2010 7:03am
Hi Vincy, it is nice you come back. Sorry about your father, be strong.
Any new counts?

Thx.
  • #1,131
  • Mar 22, 2010 8:18am Mar 22, 2010 8:18am
Quoting vincy balboa
hi Jefftrader


My good man compare to your Analysis You were very much Bearish About That pair or Second it also can be a DT of 0,1 =A. So that were be Leading Might be big Possibility, and also If i am not wrong so I am wondering If the Japan is strong so what The Heck the US government doing , Does any Body Government Analysts or any Agency care about the pair is falling Like Started Glass from Past ONE DECADE.

Gov't's are pawns and only do what The media and Goldman Sachs lead them to believe...


Here's my 4hr GU update.. I haven't given up on 1.5442 yet...

Fib Zone for wave change (magenta)
B Wave bullish Divergence
Low Volume at the TL
Small Accum -1.4975-1.5000 range (high volume Dojis on 15m- narrow spread High V)

(2nd chart)1hr had some divergence in the same MACD range

Careful with popguns-- you can shoot your eye out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_mar22.1.gif Size: 29 KB
Click to Enlarge Name: gu_mar22.2.gif Size: 28 KB
  • #1,132
  • Mar 22, 2010 10:54am Mar 22, 2010 10:54am
5M GU possible wave 3 underway still -- wave 4 is still 3 hrs out so wave 3 might have some upward momentum
Attached Image (click to enlarge)
Click to Enlarge Name: gu_mar22.3.gif Size: 26 KB
  • #1,133
  • Mar 22, 2010 1:28pm Mar 22, 2010 1:28pm
Quoting Jefftrader
Gov't's are pawns and only do what The media and Goldman Sachs lead them to believe...


Here's my 4hr GU update.. I haven't given up on 1.5442 yet...

Fib Zone for wave change (magenta)
B Wave bullish Divergence
Low Volume at the TL
Small Accum -1.4975-1.5000 range (high volume Dojis on 15m- narrow spread High V)

(2nd chart)1hr had some divergence in the same MACD range

Careful with popguns-- you can shoot your eye out
Hi, it's interesting to see you use volume in analysis. It's very useful for stocks and other products traded in some central exchange. However, I have a question: forex is not traded through any exchange and there is no real gauge of any global volume. The volume shown on charts can only be of that specific broker's. In this case, can volume still be used in the same way as in stocks and commodities? Thanks.
  • #1,134
  • Mar 22, 2010 2:38pm Mar 22, 2010 2:38pm
Quoting Oshawa
Hi, it's interesting to see you use volume in analysis. It's very useful for stocks and other products traded in some central exchange. However, I have a question: forex is not traded through any exchange and there is no real gauge of any global volume. The volume shown on charts can only be of that specific broker's. In this case, can volume still be used in the same way as in stocks and commodities? Thanks.
You are correct- if you want to trade straight VSA then Volume source becomes important (IBFX comes to mind as decent feed)-My FXDD Volume differs form my forex.com acct.
Volume is also part of EW analysis- Using 1hr and 4hr TF's assists me in determining mkt moves (esp news releases)

I have an eSignal acct but don't really use it like I should. (because for whatever reason I like using my brokers mt4). Probably the best "centralized" volume for fx.

Do I trust broker volume???

Not smaller TF's-- what might be a ND (no Demand) bar on a 5m chart might have significant V on another. But using it as an "overall feel" for the market combined with EW seems to be working well enough to keep me in the game. Or if I see mutiple ND bars then I know something is up...

The other indicator I haven't mentioned I use watching the these pairs-- GY/UY/UC/EU and gold.

London was a perfect example today-- EU/GU drops AND UY... then EU/GU rise and UY... To me it looked like a clear way to stop hunt down GY (I bought GY --grabbed 40 pips and ran)- because had the whole "healthcare bill" really impacted the dollar-- UY would have inversely moved to EU/GU...

I
  • #1,135
  • Mar 22, 2010 3:01pm Mar 22, 2010 3:01pm
Quoting Jefftrader
You are correct- if you want to trade straight VSA then Volume source becomes important (IBFX comes to mind as decent feed)-My FXDD Volume differs form my forex.com acct.
Volume is also part of EW analysis- Using 1hr and 4hr TF's assists me in determining mkt moves (esp news releases)

I have an eSignal acct but don't really use it like I should. (because for whatever reason I like using my brokers mt4). Probably the best "centralized" volume for fx.

Do I trust broker volume???

Not smaller TF's-- what might be a ND (no Demand) bar on a...
Hi, today's Euro, Cable and $/Y didn't go as you said, at least not on my charts. Euro and Cable rose mainly after 1300 GMT when $/Y dropped, which is nothing unusual. They did move inversely.

Volume in forex is a tricky issue. I am not sure if the way you put it can be applicable. Even at some very big brokers, they can only offer market depth information based on their own clients' trading, and that is not the same as volume. But this is a question to which I can't find satisfactory answer so far. It is still a question mark. But thanks for explaining.
  • #1,136
  • Mar 22, 2010 9:32pm Mar 22, 2010 9:32pm
Possible alternate -- IMHO it's too early-- But the mkt may not know that ..lol...

This is a GU 15M chart.

One key rule of counting EW wav3 (of an impulsive5) the MACD high and Price high should align. This is not the case-

So I must consider a,b,c, correction wav2 of a downward trend-- OR wav iii is not complete
Attached Image (click to enlarge)
Click to Enlarge Name: gu_mar22.6.gif Size: 27 KB
  • #1,137
  • Mar 23, 2010 1:06am Mar 23, 2010 1:06am
Hello Vincy, jefftrader and zhouyun ......I am still very impressed with your charts.

Which books are REALLY helpful for learning. Do you have a list somewhere here in the thread ? Would you say that Glenn Nealy`s book is the most important of all ?

A big thank you, please continue.
Be like water.
  • #1,138
  • Mar 23, 2010 6:34am Mar 23, 2010 6:34am
Never really noticed this before,but there is a monster BEARISH wedge on gold on the daily. Not to say we couldn't get a big wave up before a gold crash, but it looks like a doozy.
  • #1,139
  • Mar 23, 2010 8:42am Mar 23, 2010 8:42am
eur in correction to the upside to finish wave 2 . the resistance i m looking to stop it 1.368 61.8 fib of the rally so i place a sell limit near that area sloss should be around 70 pips . this is the same on gbp/usd where 1.5150 res should turn it to the downside .
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 15 KB
  • #1,140
  • Mar 23, 2010 8:51am Mar 23, 2010 8:51am
this is the count on gold . i hope it will go down all the way tp 1010 . silver in the same way . this will affect aud/usd to have a short position on the aud
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.gif Size: 18 KB
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