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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #2,421
  • Edited 4:17am Nov 9, 2010 3:57am | Edited 4:17am
Quoting Jefftrader
Nice impulse down on UCHF- EU temp bottom is in. But not sure on GU
wav4 was complex- and the first shot down for GU was only three then big retrace... time wise for wave5's both GU and EU they are both done...
I'm not longing GU yet GBPCHF still has a few more pips downwards and FINALLY broke out of its wave 4 (I think I've been sitting on this short for two days with only a 20PIP Sl that never got taken out and was always a few pips away...LOL...
..

I am only trading E/U these days....I am starting to like 1 MIN chart......

may be its about time for E/U to retrace.. MY SL is at B.E now.. entered again at 1.3825

We were definately in wave#5 smaller TF.. I hope this Fifth wave does not extend..Then we will go below 1.3705..

Markets are so tricky..You have to have a twisted mind to trade...(LOL)
Markets are not Random, they are designed!
  • #2,422
  • Edited 12:42pm Nov 9, 2010 11:55am | Edited 12:42pm
Quoting Raza
..

I am only trading E/U these days....I am starting to like 1 MIN chart......

may be its about time for E/U to retrace.. MY SL is at B.E now.. entered again at 1.3825

We were definately in wave#5 smaller TF.. I hope this Fifth wave does not extend..Then we will go below 1.3705..

Markets are so tricky..You have to have a twisted mind to trade...(LOL)
Hey,

Just got up... WTF... Acct went from up 10% in trades to up zero percent...(Hope your not holding any longs on EU cause UCAD didn't move today and neither did UCHF)... now to finish the charts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu nov9.1.gif Size: 25 KB
Click to Enlarge Name: gbpc.1.gif Size: 19 KB
Click to Enlarge Name: cadyen nov9.1.gif Size: 16 KB
  • #2,423
  • Nov 9, 2010 6:16pm Nov 9, 2010 6:16pm
Quoting Raza
..

I am only trading E/U these days....I am starting to like 1 MIN chart......

may be its about time for E/U to retrace.. MY SL is at B.E now.. entered again at 1.3825

We were definately in wave#5 smaller TF.. I hope this Fifth wave does not extend..Then we will go below 1.3705..

Markets are so tricky..You have to have a twisted mind to trade...(LOL)

Well, the EU confirmed the reversal. Firsts objectives for these movemnts are aroun 1.27/28 for de mid/long term. After the complete first and second legs, we can objective clearier these objectives.

I am looking only for sell positions. 1.3850, maybe can go to 1.40 for the last time.
  • #2,424
  • Edited 9:25pm Nov 9, 2010 6:18pm | Edited 9:25pm
Quoting Jefftrader
Hey,

Just got up... WTF... Acct went from up 10% in trades to up zero percent...(Hope your not holding any longs on EU cause UCAD didn't move today and neither did UCHF)... now to finish the charts...
NO I did not hold long....I took my 120 SOME pips..and wanted to short and did but took 13 pips and closed the trade from 1.3972... Fell a sleep after...

SHOULD HAD KEPT IT and now pending buy order at 1.3704....

On 30 min chart we can see a Shoulder formed at 1.3973( INVERTED H&S)... if we bounce from 1.37xx area.. that should take us back to 1.42xx.. as a B wave.. Wave #A should be completing soon... IMO...unless we have a Market crash Tonight.... THEN WE GO BELOW 135XX

I wont be watching charts for next 6 hrs or so... Dangerous Pending Buy...o well got a take a chance.... I will find out after few hours....NO STOP LOSS..
Markets are not Random, they are designed!
  • #2,425
  • Nov 9, 2010 9:27pm Nov 9, 2010 9:27pm
Quoting Raza
NO I did not hold long....I took my 120 SOME pips..and wanted to short and did but took 13 pips and closed the trade from 1.3972... Fell a sleep after...

SHOULD HAD KEPT IT and now pending buy order at 1.3704....

On 30 min chart we can see a Shoulder formed at 1.3973( INVERTED H&S)... if we bounce from 1.37xx area.. that should take us back to 1.42xx.. as a B wave.. Wave #A should be completing soon... IMO...unless we have a Market crash Tonight.... THEN WE GO BELOW 135XX

I wont be watching charts for next 6 hrs or so......
Changing pending Buy I may regret this .. from 137.04 to 1.3642... ( Who cares)
Markets are not Random, they are designed!
  • #2,426
  • Nov 9, 2010 9:28pm Nov 9, 2010 9:28pm
Quoting Raza
Changing pending Buy I may regret this .. from 137.04 to 1.3642... ( Who cares)
38% fibs same place I was thinking...
  • #2,427
  • Nov 9, 2010 9:44pm Nov 9, 2010 9:44pm
Quoting Jefftrader
38% fibs same place I was thinking...
I dont know why I keep thinking to BUY...when we should be selling....
Markets are not Random, they are designed!
  • #2,428
  • Nov 10, 2010 3:50am Nov 10, 2010 3:50am
Quoting smilemiz
oic.. it could be scalp into swing even at the same area (same signal).. ic
Alright Vincy,

Thanks

p/s: i write down to my notes..
GOOD ,,,

Ps where is ur chart
DRAGON-TECHNICAL ANALYSIS!
  • #2,429
  • Nov 10, 2010 3:53am Nov 10, 2010 3:53am
Quoting Sixer
Raza,

my opinion is that we are still in wave "iv" of "c/iii":

http://yfrog.com/jndeurusd90811g

The count based on the following very bullish flat pattern:

http://yfrog.com/e974533973g

Sixer
Good Point on Elongated flat Failure but it is on Level of a of C so it is Elongated.
not failure
and you can see it is 1.3737.
DRAGON-TECHNICAL ANALYSIS!
  • #2,430
  • Nov 10, 2010 4:02am Nov 10, 2010 4:02am
Quoting Raza
I know its MESSY... work in progress....

This very similar to Vincys Count...I am just trying to figure out How its gonna happen..

Whats is your closest termination price point in near future for Not having the bullish scenario???

Same question to Vincy other than 1.18xx...(lol) Vincy please correct the chart if you can..when you have Time...Thanks.

Is $US going to 0?
Pleasure is mine my good man Raza...

Just I put Circle where My eyes Pin point ...

I had mention the Same Possibility in 2009

http://www.forexfactory.com/showpost...postcount=1544
Attached Image
DRAGON-TECHNICAL ANALYSIS!
  • #2,431
  • Nov 10, 2010 4:08am Nov 10, 2010 4:08am
Quoting Raza
Another bullish one...

But there is also a very Bearish One...
My good man raza,

Your thought is Great but Just need little more explanation..

Let me tell you by your chart,

first.

in ur impulsive 1234 5

5 a b c .. no no .. it should be Triple ..wxyxxz

and why u mention Triple in ur Elliot wave count. not good as well not make sence but if you mention impusive wave count. that is perfect.


Best
DRAGON-TECHNICAL ANALYSIS!
  • #2,432
  • Nov 10, 2010 4:10am Nov 10, 2010 4:10am
Quoting Jefftrader
Something like this?

shot at wav iv in 30m
first chart is good !
DRAGON-TECHNICAL ANALYSIS!
  • #2,433
  • Nov 10, 2010 4:17am Nov 10, 2010 4:17am
Quoting vincy balboa
My good man raza,

Your thought is Great but Just need little more explanation..

Let me tell you by your chart,

first.

in ur impulsive 1234 5

5 a b c .. no no .. it should be Triple ..wxyxxz

and why u mention Triple in ur Elliot wave count. not good as well not make sence but if you mention impusive wave count. that is perfect.


Best
With your Help... I am learning..


From taking small trades in last 2 weeks.. (1 lot each). in a sub account..

30 - 50 pips .. I have doubled my account...Today.

Recommend me a good Elliot book with charts example.. other than Elliot wave Principle..

I need to see more possibilities...I like complex things... my mind wants to know more..

Thanks. VINCY...
Markets are not Random, they are designed!
  • #2,434
  • Nov 10, 2010 4:42am Nov 10, 2010 4:42am
Vincy updated chart on gold if you dont mind?
  • #2,435
  • Nov 10, 2010 5:08am Nov 10, 2010 5:08am
Eye candy... We'll see if it makes it to 1.6500...(probably not today though)

It's such a perfect EW...
Attached Image (click to enlarge)
Click to Enlarge Name: gchf nov 10.gif Size: 21 KB
  • #2,436
  • Nov 10, 2010 9:35am Nov 10, 2010 9:35am
Here is my daily EURGBP count. We are in the midsts of completing a 4th wave correction. I'm looking for a bullish scenario to unfold to the top side and complete wave 5.
Attached Image (click to enlarge)
Click to Enlarge Name: EGD.png Size: 52 KB
  • #2,437
  • Nov 10, 2010 9:43am Nov 10, 2010 9:43am
Quoting Raza
With your Help... I am learning..


From taking small trades in last 2 weeks.. (1 lot each). in a sub account..

30 - 50 pips .. I have doubled my account...Today.

Recommend me a good Elliot book with charts example.. other than Elliot wave Principle..

I need to see more possibilities...I like complex things... my mind wants to know more..

Thanks. VINCY...
Raza,

Have you read through Robert Balan's book? I can't attach the pdf because its too big for uploading. Here is a link to his book online.

http://www.scribd.com/doc/7122262/Ba...rinciple-Forex

Bio
  • #2,438
  • Nov 10, 2010 10:01am Nov 10, 2010 10:01am
bioscript,

did you read the book that you recommend to Raza ?

Your chart shows an intersection between wave 1 and 4 !! It seems to be necessary to change to a corrective count.

Sixer
  • #2,439
  • Nov 10, 2010 10:22am Nov 10, 2010 10:22am
Sixer,

I have read the book. It details a lot of corrective patterns and has some very good information.

As far as EURGBP wave 4 going slightly into wave 1 (only 4 pips of violation per my FXCM feed at the time of this post), I don't feel the violation is enough to invalidate the counts at this point. One thing that Robert Prechter mentions in his book or in his videos (can't remember exactly offhand) is that leveraged instruments can have slight overlaps between wave 4 and wave 1. I think a close below .8500 will invalidate my current count.

Bio
  • #2,440
  • Nov 10, 2010 10:37am Nov 10, 2010 10:37am
bioscript,

i know only the following two special impulse pattern where an intersection is allowed and a must too:

http://yfrog.com/e9type1g
http://yfrog.com/5ltype2g

I can`t recognize both in your chart.

Sixer
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