Elliott Wave Trading

http://mtchart.com/?p=803

timeframe: H2

subjectivity is objectivity

Hey Guys,

Haven't posted here in quite some time, but am a long time Elliottician.

I know that some of you post your count on your own blogs. If you are interested in gaining a bit of exposure, I encourage you to submit your blog posts to my social news site - shmish.com

The site aggregates all finance related news, and actually has a specific section dedicated to technical analysis.

www.shmish.com

I managed to get a nice entry on the corrective pattern witch formed a harmonic gartley pattern. Here we can see how a 5th wave is forming started off with a sub wave 1.

some people doing that! more than looking stoch oversold

i prefer ashraf laidi.. he's blending Q1 to Q2 to Q3 to Q4...
euro debt so on...GOLD forecast to bullish Q1 - Q2 and he said extending? lets prefer on daily chart gold rise until Q3 ? until september? at least not september 11

subjectivity is objectivity

subjectivity is objectivity

May 19, 2011 08:17 ET :

Risk appetite is improving and higher yielding currencies are trading near their highs of the session. GBP is retracing a portion of yesterdays losses after May retail sales showed a solid reading of 1.1%, much improved from Aprils 0.3%. Retail sales often show volatile results and at least a portion of todays reading can be attributed to sales related to the Royal Wedding.

Relative strength loser is CHF after May Zew Economic Expectations index came out significantly weaker at -11.5 from last 8.8. CHF is weaker across the board. Last months print of 8.8 was the only positive reading since September 2010.

Upcoming US session will bring unemployment claims at 8:30 am EDT, expected to improve slightly to 421K from last weeks 434K. For the past five weeks market saw readings over 400K which shows labor market deterioration after 7 weeks of sub 400K readings seen during late February to early April.

At 10:00 am May Existing Home Sales will be released expected to improve to 5.21M from last 5.10M. Housing market is critically important for US consumers and while there are some encouraging signs, weakness persists. Existing home sales have been improving since August 2010 but are still far below pre-crisis levels. New home sales are still at decades lows.

Philly Fed manufacturing index will also be released at 10:00 am EDT. After a significant improvement seen at the end of 2010 and early 2011 Philly Fed index dropped in April from 43.4 to 18.5. May reading is expected to show slight improvement to 20.2.

Recent trend towards USD strength seems to be getting tired and the greenback has closed at weak levels over the past two days. From this point of view, the close of todays NY session is extremely important. Additional USD weakness and a close below yesterdays low would point to change in bias and USD could become a sell on rallies.

maybe yes maybe not...im flat today...
opinion are welcome..

Will y'all tell me if this is correct? Im trying to find a starting point for EURUSD so I thought a weekly chart might tell me the big picture of our location in Elliottnation.

mosier

Lol I already see one problem [IV] is going into [i] and I know that is not allowed. Crap lol

edit: posted second chart. I think we are in a correction, maybe? or just got out of one. Don't you just love this stuff haha

great!
i want to share GJ

now im on comm pair au , but lets look gj..opinion accepted..

subjectivity is objectivity

what form of charting uses the naming scheme your using?

http://mtchart.com/wp-content/[email protected]

please...

subjectivity is objectivity

how u think?

i dont think so...Azlan

look at my e.g here.

sorry

http://www.forexfactory.com/showthre...24#post4636124