you have to be out to be in
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
- #6,445
- Jan 9, 2012 11:37am Jan 9, 2012 11:37am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #6,448
- Edited 10:27pm Jan 11, 2012 10:14pm | Edited 10:27pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
- #6,457
- Jan 15, 2012 11:25pm Jan 15, 2012 11:25pm
Hi guys...permission to joint the thread. I just learned the EL so hope u all the exp trader can give some fdbk.
This is my count(in case the pic didn't show up)
Wave 1 1.4938-1.3976 ....
Wave 3 now close at FE 224.0 (Measured from 1.4938 (Top) 1.3976 (Bottom) and 78.6 Retracement (1.4688)). If the price continue going down, i expect the price will stop around 1.2530 for the time being.
Expect some retracement at that point. So add some PO at 1.2690... TP around (1.325 (0.32) @ 1.341(0.5) wave 4 maybe....possible more than that). This is based on my daily chart. Now the price near at FE 224.0 (Measured from 1.4938 (Top) 1.3976 (Bottom) and 78.6 Retracement (1.4688).
Will add more long at 1.2530 if the price arrive there......
My pic for the day.....
This is my count(in case the pic didn't show up)
Wave 1 1.4938-1.3976 ....
Wave 3 now close at FE 224.0 (Measured from 1.4938 (Top) 1.3976 (Bottom) and 78.6 Retracement (1.4688)). If the price continue going down, i expect the price will stop around 1.2530 for the time being.
Expect some retracement at that point. So add some PO at 1.2690... TP around (1.325 (0.32) @ 1.341(0.5) wave 4 maybe....possible more than that). This is based on my daily chart. Now the price near at FE 224.0 (Measured from 1.4938 (Top) 1.3976 (Bottom) and 78.6 Retracement (1.4688).
Will add more long at 1.2530 if the price arrive there......
My pic for the day.....
- #6,459
- Jan 16, 2012 9:55pm Jan 16, 2012 9:55pm
Hi,
My chart may be an answer for you. If it is wrong, then, forget it.
I am not expert of EW. But, I believe, EW is not fit for euro daily chart at moment. So, EW got significant drawback when it is used in real-time. But, it may be good tool for post-analysis.
My macro wave theory may be an option to replace EW. Do you believe my suggestion?
....i will think about it. Agree with you, EW is too old. But there are some people renew it with their own style. (eg Glenn Neely and and some which i don't remember their name). I just use the EW theory for my indi only, don't depend fully on it.....Thks for the fdbk though....ahhh, before i forget i think euro will continue going down...