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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #6,301
  • Nov 20, 2011 1:17pm Nov 20, 2011 1:17pm
Quoting infinitus
Hi Sixer,


there is really no EWP rule for time, since Elliott found no time critical rules.

I have basically the same long term count. Only two points which can be questioned, are


a) is the red wave 1 an A wave and the following wave 2 a B-wave

b) the truncated part of the red wave 2. I think this whole wave was an ABC move and it ended at 1.49x
completely agree here

also you asked for examples.. here's one obvious one
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Don't have an ego. Always question yourself and your ability.
  • #6,302
  • Nov 20, 2011 1:17pm Nov 20, 2011 1:17pm
Quoting RamsesII
does this make you more comfortable? my alternate.. i don't have it as my main simply for the verocity of the implied down move



Salt in the wounds of the "USD is doomed" believers......


Prechter had this count too, but it seems, that he abandoned it. I call that count "Euro to zero"-count. The pity is: we only will know afterwards......
  • #6,303
  • Nov 20, 2011 1:20pm Nov 20, 2011 1:20pm
Quoting infinitus



Salt in the wounds of the "USD is doomed" believers......


Prechter had this count too, but it seems, that he abandoned it. I call that count "Euro to zero"-count. The pity is: we only will know afterwards......
do you like the b low ED alternate miza pointed out? would make for a great opportunity to build capital before the implied down move
Don't have an ego. Always question yourself and your ability.
  • #6,304
  • Edited 1:24pm Nov 20, 2011 1:23pm | Edited 1:24pm
Quoting RamsesII
i'm warming up to the wedge idea looking over my charts.. this is how i'd see it play out on the weekly..

i think i'll start covering my shorts and buying around 3350
Hi,

I just popped in this thread to look for some waves, and as I saw this weekly prediction, I wanted to share mine just for fun, coz it is almost the same.

MS Paint, I know it sucks, but I did my best coz I wanted to show my friends my views. Anyway, I will be covering shorts at ,331 - ,338 zone, so that is kinda support for you.

T.
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"I know one thing, that I know nothing." Sokrates
  • #6,305
  • Nov 20, 2011 1:47pm Nov 20, 2011 1:47pm
Quoting RamsesII
do you like the b low ED alternate miza pointed out? would make for a great opportunity to build capital before the implied down move
Do you mean this one:

http://www.forexfactory.com/showthre...06#post5149706


Well, in an ending diagonal all the subwaves should be ABC moves. So it should be the count on the first picture.

If that were true, the following upmove should ideally conclude in the area of 425

Ew wise it is clearly a viable option. Have you looked at the COT-report? The large specs are fairly short the EUR. So this upmove would clearly surprise most.

Fundamentally? I do not know. ECB is buying Italian and Spain debt with both hands right now. Keep in mind: Goldman is occupying more and more key positions in Euro land. And Goldman is profiting from this ECB buying bonds of indebted countries. So I do not expect it to stop near term. That would support Miza's count.

Have to think about it longer.......
  • #6,306
  • Nov 20, 2011 11:23pm Nov 20, 2011 11:23pm
infinitius,

i strongly recommend that you take a close look at the R.N. Elliott Market letters (1938-1946):


http://www.trading-software-collecti...81938-1946%29/


Your EURUSD count starting from the 2008 High as an impulse is not correct.


Sixer
  • #6,307
  • Nov 21, 2011 1:55am Nov 21, 2011 1:55am
Quoting Sixer
infinitius,

i strongly recommend that you take a close look at the R.N. Elliott Market letters (1938-1946):


http://www.trading-software-collecti...81938-1946%29/


Your EURUSD count starting from the 2008 High as an impulse is not correct.


Sixer


Hi Sixer,

thank you very much for the link. Great :-)

Shall I pay attention to something special in this letter? Will read it later.

Even Prechter seems to be not sure about the mentioned wave down from 2008 high.

Sometimes EWI label it as a wave 1, then as an A wave. To label it as a wave 1 on some TF's one has to use a truncated 5.

My prefered labeling is an A-wave, then a B-wave running flat which ended at 1.49x in May, and now down in an C-wave impulse (to be seen) which should target the area between 1.12 and 0.90
  • #6,308
  • Nov 21, 2011 2:01am Nov 21, 2011 2:01am
Quoting RamsesII
do you like the b low ED alternate miza pointed out? would make for a great opportunity to build capital before the implied down move

Quoting infinitus
Do you mean this one:

http://www.forexfactory.com/showthre...06#post5149706



Fundamentally? I do not know. ECB is buying Italian and Spain debt with both hands right now. Keep in mind: Goldman is occupying more and more key positions in Euro land. And Goldman is profiting from this ECB buying bonds of indebted countries. So I do not expect it to stop near term. That would support Miza's count.

Have to think about it longer.......

oh .. oh..... u guys talked about me while i am absent..
  • #6,309
  • Nov 21, 2011 2:06am Nov 21, 2011 2:06am
Quoting Tom_D_Trader
Hi,

I just popped in this thread to look for some waves, and as I saw this weekly prediction, I wanted to share mine just for fun, coz it is almost the same.

MS Paint, I know it sucks, but I did my best coz I wanted to show my friends my views. Anyway, I will be covering shorts at ,331 - ,338 zone, so that is kinda support for you.

T.
like
  • #6,310
  • Nov 21, 2011 5:18am Nov 21, 2011 5:18am
EURGBP update
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  • #6,311
  • Nov 21, 2011 5:37am Nov 21, 2011 5:37am
The markets weren't AS manipulated in Elliotts day. Now, all the markets are run by one highly sophisticated software program. Its pretty creepy once you recognize that. I went short based on a signal I intercepted by the "program" just over a week ago.
  • #6,312
  • Nov 21, 2011 11:40am Nov 21, 2011 11:40am
could that euro ED b-wave be finished with a truncated 5th?
Don't have an ego. Always question yourself and your ability.
  • #6,313
  • Nov 21, 2011 11:30pm Nov 21, 2011 11:30pm
will see
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  • #6,314
  • Nov 22, 2011 11:28am Nov 22, 2011 11:28am
HELLO,here is my view
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  • #6,315
  • Nov 22, 2011 3:03pm Nov 22, 2011 3:03pm
Quoting Lukas1
HELLO,here is my view
Attachment


Back to school :-(

EW is about probability, not about wild guesses.......
  • #6,316
  • Nov 22, 2011 4:13pm Nov 22, 2011 4:13pm
Quoting infinitus
Back to school :-(

EW is about probability, not about wild guesses.......
ok,where is mystake on my picture?


...here is my next view on daily tf ...pls where is mystake now
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  • #6,317
  • Nov 22, 2011 11:09pm Nov 22, 2011 11:09pm
Quoting Lukas1
ok,where is mystake on my picture?


...here is my next view on daily tf ...pls where is mystake now
Attachment


Hi Lukas,

when you label a movement with EW, you should not label what eventually (hence wild guesses) could be but you should label what you see, what may be most probable and maybe an alternative count which is the second best count.

To lable an entire diagonal when in fact you can see only the wave 1 (or A) of the proposed movement is a very wild guess.


The second chart:

The blue ABCDE is fine. It is one of the possible counts.

What is the red numbering in it?


Do you have a long term count?


Best to you,

Markus
  • #6,318
  • Nov 23, 2011 4:05pm Nov 23, 2011 4:05pm
Maybe this:


4h chart

red wave 5 is an ending diagonal

see the huge divergence between price and Awesome oscilator
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  • #6,319
  • Nov 23, 2011 6:17pm Nov 23, 2011 6:17pm
i like this:
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Don't have an ego. Always question yourself and your ability.
  • #6,320
  • Nov 23, 2011 8:49pm Nov 23, 2011 8:49pm
hmm think you may be right infinitus, coming off the lows pretty bullish here.. covering and watching for now
Don't have an ego. Always question yourself and your ability.
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