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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #4,781
  • Apr 10, 2011 3:51am Apr 10, 2011 3:51am
This is my main count - a double "three".

Maybe we have seen the end of this whole "upward" correction on Friday.

Sentiment is since weeks at a very low. Scanning through different blogs, forums, newspapers etc. reveals a very USD bearish sentiment and most pundits see the USD sink further into insignificance. Targets for EURUSD of 2.x or even higher are the order of the day.

Time to go heavy short???
Attached Image (click to enlarge)
Click to Enlarge Name: 04102011 4h evening main count bearish eurusd.jpg Size: 108 KB
  • #4,782
  • Apr 10, 2011 9:52am Apr 10, 2011 9:52am
There is way too much bullishness in the Euro. Its sickening. Very tempted to go all in short.
  • #4,783
  • Edited 12:02pm Apr 10, 2011 11:21am | Edited 12:02pm
Quoting infinitus
This is my main count - a double "three".

Maybe we have seen the end of this whole "upward" correction on Friday.

Sentiment is since weeks at a very low. Scanning through different blogs, forums, newspapers etc. reveals a very USD bearish sentiment and most pundits see the USD sink further into insignificance. Targets for EURUSD of 2.x or even higher are the order of the day.

Time to go heavy short???
hi buddy.
i tried counting this piece of shit too.
according to this its also at the top but count could well be wrong.
i would guess a MM level 1.4525 or something like that.
i go check gator's levels charts in a minute.

edit: gators chart sais it could go to 1.4732.
http://www.forexfactory.com/showthre...93#post4528093
Attached Image(s) (click to enlarge)
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  • #4,784
  • Apr 10, 2011 12:59pm Apr 10, 2011 12:59pm
Quoting infinitus
This is my main count - a double "three".

Maybe we have seen the end of this whole "upward" correction on Friday.

Sentiment is since weeks at a very low. Scanning through different blogs, forums, newspapers etc. reveals a very USD bearish sentiment and most pundits see the USD sink further into insignificance. Targets for EURUSD of 2.x or even higher are the order of the day.

Time to go heavy short???
Maybe we get one more down-up sequence. When I look at RSI or Awesome Oscillator we had on Friday the highest reading in both in this blue labeled waves. Highest readings in both should occur in a wave 3 and not wave 5. A good target for a wave blue 4 downward correction could be around 1.42x. Target for wave blue 5 up to around 4517
Attached Image (click to enlarge)
Click to Enlarge Name: 04102011b 4h evening main count bearish eurusd.jpg Size: 89 KB
  • #4,785
  • Apr 10, 2011 1:07pm Apr 10, 2011 1:07pm
Quoting longshot_nl
hi buddy.
i tried counting this piece of shit too.
according to this its also at the top but count could well be wrong.
i would guess a MM level 1.4525 or something like that.
i go check gator's levels charts in a minute.

edit: gators chart sais it could go to 1.4732.
http://www.forexfactory.com/showthre...93#post4528093

Hi mate,

daily and weekly MM levels point to 4648 (8/8 on p=32).

That would fit very nice with my count of an very large ABC-flat correction which I posted earlier here:

http://www.forexfactory.com/showpost...postcount=4774
  • #4,786
  • Apr 10, 2011 1:30pm Apr 10, 2011 1:30pm
Quoting infinitus
Hi mate,

daily and weekly MM levels point to 4648 (8/8 on p=32).

That would fit very nice with my count of an very large ABC-flat correction which I posted earlier here:

http://www.forexfactory.com/showpost...postcount=4774
but your wave 1 and 5 are overlapping in that count...
  • #4,787
  • Apr 10, 2011 2:44pm Apr 10, 2011 2:44pm
Quoting longshot_nl
but your wave 1 and 5 are overlapping in that count...
Hi Longshot,

yes, they are overlapping. That is the important part, because it makes it an ending diagonal.

Without the possibility of counting it as an ending diagonal the clear 3 wave submoves of this "impulse" up would not be countable as such.
  • #4,788
  • Apr 10, 2011 2:54pm Apr 10, 2011 2:54pm
can an ED be divergent or must it be convergent?
Attached Image (click to enlarge)
Click to Enlarge Name: temp.jpg Size: 66 KB
  • #4,789
  • Apr 10, 2011 3:54pm Apr 10, 2011 3:54pm
Quoting longshot_nl
can an ED be divergent or must it be convergent?
It can be both.

In the contracting variety wave 5 usually ends beyond the end of wave 3 (failure to do so is called truncation).

In the expanding variety wave 5 usually ends slightly before reaching a line that connects the ends of wave 1 and 3

In the contracting variety wave 5 usually ends at or slightly beyond a line that connects the end of wave 1 and 3. (ending beyond that line is called throw-over)
  • #4,790
  • Apr 10, 2011 4:15pm Apr 10, 2011 4:15pm
Quoting infinitus
It can be both.

In the contracting variety wave 5 usually ends beyond the end of wave 3 (failure to do so is called truncation).

In the expanding variety wave 5 usually ends slightly before reaching a line that connects the ends of wave 1 and 3

In the contracting variety wave 5 usually ends at or slightly beyond a line that connects the end of wave 1 and 3. (ending beyond that line is called throw-over)
could it be that an expanding triangle has a throwover like this?
Attached Image (click to enlarge)
Click to Enlarge Name: temp.jpg Size: 72 KB
  • #4,791
  • Apr 10, 2011 4:29pm Apr 10, 2011 4:29pm
throw-over EU.
Attached Image (click to enlarge)
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  • #4,792
  • Apr 10, 2011 4:42pm Apr 10, 2011 4:42pm
Quoting longshot_nl
could it be that an expanding triangle has a throwover like this?
Expanding diagonals usually do not overthrow. But usually does not mean never :-)

So I would say: that could be an overthrow on your chart
  • #4,793
  • Apr 10, 2011 4:47pm Apr 10, 2011 4:47pm
Quoting longshot_nl
throw-over EU.
Could be.....
  • #4,794
  • Apr 10, 2011 9:44pm Apr 10, 2011 9:44pm
Double ZIG-ZAG and it can also turn into Tripple.

I tried to keep it as clean as I could...VINCY..
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #4,795
  • Apr 10, 2011 10:36pm Apr 10, 2011 10:36pm
Quoting vincy balboa
My Brave Lady Miza

Remember I all ways Watching you Guys!
Best regards
Vincy Balboa.


Quoting Tsar
Hi my Princess Miza,

We will MISS you
I need Rest too... for a while
oh my bad..fuh
  • #4,796
  • Apr 10, 2011 10:42pm Apr 10, 2011 10:42pm
Quoting Jack168
Hello,

Need a breakout either side to set up directional bias for euro future big swing. Now, e-usd is in junk - range, volatile, killing buyers and sellers.
/quote]

prev.post
http://www.forexfactory.com/showthre...01169&page=315

update

GBPUSD
Attached Images
  • #4,797
  • Apr 10, 2011 10:45pm Apr 10, 2011 10:45pm
Quoting vincy balboa
N/U 4 Hours
Short Term Scalp with MM Swing

Attachment
My Vincy...

NZDUSD , i would prefer like that...so do AUD/USD
Attached Image
  • #4,798
  • Apr 10, 2011 10:46pm Apr 10, 2011 10:46pm
Quoting Raza
Double ZIG-ZAG and it can also turn into Tripple.

I tried to keep it as clean as I could...VINCY..
oh cute... but i am not sure that...
  • #4,799
  • Apr 10, 2011 10:53pm Apr 10, 2011 10:53pm
Quoting aman4forex
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
hi aman4forex...

this is wrong on psychology trade..dont be like that...THIS IS WRONG! never
ever being like that.. Otherwise.. You lose.. i am strict!! know what i am doing!!

I like to be short and simple words here.. i wanna say to you (this is good).. jaydc i wanna borrow your tagline

"Play safe.. missed the train.. dont worry.. wait for next one.. this way u will bank pips"

now, i hope u dont buy at higher price instead
  • #4,800
  • Apr 10, 2011 10:53pm Apr 10, 2011 10:53pm
Quoting Raza
Double ZIG-ZAG and it can also turn into Tripple.

I tried to keep it as clean as I could...VINCY..
IMPRESSIVE,



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