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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #4,761
  • Apr 4, 2011 2:41am Apr 4, 2011 2:41am
N/U 4 Hours
Short Term Scalp with MM Swing

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DRAGON-TECHNICAL ANALYSIS!
  • #4,762
  • Apr 4, 2011 3:09am Apr 4, 2011 3:09am
There are divergence showing up all over the place that indicate the us dollar decline is nearing a short/medium term bottom. Also, the price action over the last few weeks with the euro has not been what we'd expect to see in a 3 of 3 scenario.

=========================================================

Hi, RamsesII,

Thank your comment. I understand your points. I use advanced digital indicator of stochastics. No divergence on my stochastic indicator yet. Various traders use their different parameters in their indicators, which produce various views. Divergence analysis will cause some problem in real trading, I believe. Of course, for post analysis, it shows good.

cheers!
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  • #4,763
  • Apr 4, 2011 3:50am Apr 4, 2011 3:50am
HI Jack168 can upload pleas your ind and templates? thanks




Quoting Jack168
There are divergence showing up all over the place that indicate the us dollar decline is nearing a short/medium term bottom. Also, the price action over the last few weeks with the euro has not been what we'd expect to see in a 3 of 3 scenario.

=========================================================

Hi, RamsesII,

Thank your comment. I understand your points. I use advanced digital indicator of stochastics. No divergence on my stochastic indicator yet. Various traders use their different parameters in their indicators, which produce various...
  • #4,764
  • Apr 4, 2011 6:38am Apr 4, 2011 6:38am
vincy we won............treat for sachin hard work pays after 21 long years..............

many many heartiest greetings to all the fellow indians and indian team for such a great acheivement.

de diya gumaaaaaaaaaaaaaaa ke........

party time




Quoting vincy balboa
Day After Yesterday Story,


I Live in South of Part in Delhi, at Night about 21:15Hrs.
there is Lot of Crowd and people Burning Crackers, and Enjoy every Moment.


When I just turn On my Television "News". News Reporter Also Shouting.

The News Only Was Team India won ICC World Cup Cricket Match!


any how

Congratulation to Team India! on Behalf Elliot wave, Harmonic And Ichimoku in CHINESE STYLE Trend
  • #4,765
  • Apr 5, 2011 1:57pm Apr 5, 2011 1:57pm
hi everybody where are you are you this week off.

long time miza to hear from I made a big mistake of closing gbp/yen at 131.63 otherwise I could have earned another 700 pips such a big mistake it was me who pointed out the bullish move in gbp/yen and instead of trailing I went to close the trade. may be because of huge lot size. I dont know I am happy and bit sad as well of missing huge pips my life's best trade is 180 pips and it would have crossed 4 time better

miza you are also witness of my gbp/yen move or mistake what should say
  • #4,766
  • Edited 2:47pm Apr 5, 2011 2:34pm | Edited 2:47pm
posting another ED possibility in euro, very tricky up here,

and closer look, way too many alternate scenarios, best to let this play out
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Don't have an ego. Always question yourself and your ability.
  • #4,767
  • Apr 5, 2011 3:07pm Apr 5, 2011 3:07pm
Vincy, can you do a US/CAD please? Thanks in advance.
  • #4,768
  • Apr 5, 2011 11:38pm Apr 5, 2011 11:38pm
USD/CAD
4 Hour Chart
06 Apr'2011
C=261%


Short Term Wave Zz.
Attached Image



Best
DRAGON-TECHNICAL ANALYSIS!
  • #4,769
  • Apr 6, 2011 3:54am Apr 6, 2011 3:54am
As a relative newcomer to Forex I'm currently in a trade with this pair.At present,I have a stop set at 0.95924. My question being,is it worth keeping at that level or best to close this position early??? I have my doubts about this pair's upward movement anytime soon.
FXsniper Pips This Month: -1,390
  • #4,770
  • Apr 6, 2011 6:40am Apr 6, 2011 6:40am
Thanks Vincy.
  • #4,771
  • Apr 6, 2011 8:19am Apr 6, 2011 8:19am
if you want to trade cadddieee then keep a look at commodities before going long this is advice specially if oil is higer...........If you looking at oil at 150 ounce then caddieee would be near to 0.9000 thats surety.........

take care and keep posting i will keep replying currently I am waiting for euro rate decision before moving because I am euro lover and aussie as well

take care all the euro pairs are heavily overbought except eur/aud so i dont except a sharp rise at the moment retracement is due specially for eur/jpy because this pair has move 800 pips without any single correction watch out for high probability trades rather than risky one

take care



Quoting paulw
As a relative newcomer to Forex I'm currently in a trade with this pair.At present,I have a stop set at 0.95924. My question being,is it worth keeping at that level or best to close this position early??? I have my doubts about this pair's upward movement anytime soon.
  • #4,772
  • Apr 6, 2011 11:35pm Apr 6, 2011 11:35pm
MiZa,


we have almost reached the price target c=a for the ZigZag pattern which i have mentioned some weeks ago:


http://img35.imageshack.us/i/deurusd9064.gif/


Sixer
  • #4,773
  • Apr 8, 2011 12:48am Apr 8, 2011 12:48am
Euro got super energetic bullish fighting spring, like USA F-35 jet.

My favour upside level will be 1.8000 or 2.0000, which is also Fed expected. Fed is happy, then, everybody will be happy.

Cheers!
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  • #4,774
  • Apr 8, 2011 3:27pm Apr 8, 2011 3:27pm
As I write this I see a huge spike up to my target of 4464, OK it is 4666, damn, have to work on precision. LOL

But the move down now only looks corrective. Will go higher, maybe only a little bit for an overthrow over my base channel.

Should stop soon or I have to change my count complete. I have room up to 4517.

This high retracing wave makes me an headache.

Losing my conviction that my count is right. But that may be the intent of a wave 2 - doubt.


Have to re-access the possibilities.

What stays is: the moves up from 1.18 are corrective.

In doubt: the moves down from 1,6x and 1.5x - are they corrective or impulsive? I now have them as impulses.

Right now I examine following scenario:

The move down from 1.6 was an impulse. Call it wave 1

The move up to 1,5x was wave A (wave A of a flat, therefore no impulse)

The move down from 1.5x was wave B

The move up from 1.18 is now ongoing and may be an ending diagonal. It looks like an impulse, but structure is corrective and we have an wave 1 and 4 overlap.

This ending diagonal expands.

A good target for this count would be 1.4648. That is a Murrey Math 8/8 target on daily.

And around this target we have several fib targets.

E.g.: the 61.8 retracement of the above mentioned wave 1 or the 100% fib extension from wave A (wave A = wave C)


For now that is only an idea, I have to research especially wave B (if it is countable as a corrective wave)

We will see......


Have all a nice weekend,

See you all later, hopefully,
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  • #4,775
  • Edited 10:45pm Apr 8, 2011 10:32pm | Edited 10:45pm
Quoting Jack168
Euro got super energetic bullish fighting spring, like USA F-35 jet.

My favour upside level will be 1.8000 or 2.0000, which is also Fed expected. Fed is happy, then, everybody will be happy.

Cheers!
Is this A too looooooooooooong?

http://www.forexfactory.com/attachme...7&d=1300873870

Though, my count, which was made on 11-03-19, is invalid now.

My preferred count now is that, EU is still in wave D, and it is soon before it makes a high around 1.46, then make an E, which shall make a down to 1.3000
Well, I'm an intraweek trader, so I'm holding long position now.
  • #4,776
  • Apr 8, 2011 11:36pm Apr 8, 2011 11:36pm
nice chart.
i didn't even know there was so much historic data.
1.4444 was a big resistance and it was broken.
this makes me more bulish then before.

IMHO This is a possible count if you don't look at the subwaves of last few months.

i am not sure at all what will happen in the near future or if this count is correct, but the setup here with the 78.6 fib and previous top is ok.



Quoting ostcollector
Is this A too looooooooooooong?

Though, my count, which was made on 11-03-19, is invalid now.

My preferred count now is that, EU is still in wave D, and it is soon before it makes a high around 1.46, then make an E, which shall make a down to 1.3000
Well, I'm an intraweek trader, so I'm holding long position now.
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  • #4,777
  • Apr 8, 2011 11:50pm Apr 8, 2011 11:50pm
Guys

Every Body Listen!

Make you Chart Neat


Wight Background + No Fib into Chart = NEAT.


When you Going to Puzzle with your Chart So How you Gonna Trade = Profitable.




Best
Vincy
DRAGON-TECHNICAL ANALYSIS!
  • #4,778
  • Apr 9, 2011 12:09am Apr 9, 2011 12:09am
Dear All

Update N/U
4 Hr
Scalp



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Best
Vincy
DRAGON-TECHNICAL ANALYSIS!
  • #4,779
  • Edited 7:17am Apr 9, 2011 6:21am | Edited 7:17am
[quote=ostcollector;4532891]Is this A too looooooooooooong?

Hello, Ost,

I often focus on big trend, super trend (or my terminology - Macro trend). An macro trend can run over 4000 or 5000 pips in 6 months or 3 years in terms of historical analysis, and my observation of euro history.

Macro Wave Theory focus on big structures of price movement. Then, figure out macro wave counting of past price movement. Then, project a possible and feasible macro wave structure for future price movement.

Last dip (1.1860) in 2009 is about, or nearly 50% fibo (1.2130) from 0.8210 to 1.6020. So, big correction end at 50% of big trend. After a correction end, a forward trend will resume in terms of price theory, wave theory, ..., etc. So, this is why bullish bias on euro come from in technical aspect. Then, you can add fundamental aspect into technical aspect, or add all stuffs you got into this bottom line.

Every body forecast how long euro can go up? Up level: 1.7883(1.8000) is about 123.6%; 1.9025 is about 138%; 2.0870 is about 161%. Wave guys/girls often like or favour 161% figure. So, my macro wave counting will be based on 161%.

No chart. Brain or mindset Works.

Cheers !
  • #4,780
  • Apr 9, 2011 10:09am Apr 9, 2011 10:09am
[quote=Jack168;4533073]
Quoting ostcollector
Is this A too looooooooooooong?

Hello, Ost,

I often focus on big trend, super trend (or my terminology - Macro trend). An macro trend can run over 4000 or 5000 pips in 6 months or 3 years in terms of historical analysis, and my observation of euro history.

Macro Wave Theory focus on big structures of price movement. Then, figure out macro wave counting of past price movement. Then, project a possible and feasible macro wave structure for future price movement.

Last dip (1.1860) in 2009 is about, or nearly...
Well, I would prefer longshot_nl's count (http://www.forexfactory.com/showpost...postcount=4776)
than yours.
I think it's more simple. ( I believe that the more simple a count is, the more correct it is )

And it is one of my alternatives. (0.6423 - 1.4575 is an leading diag, but needs recount 1.4575 to 0.8221)

Some more alts:

Alt II: same as: http://www.forexfactory.com/showpost...postcount=4774
Alt III: 0.8221 to 1.6037 is C-1... and the inner is same as longshot_nl...

Best wishes.
OST.
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