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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #7,081
  • Mar 15, 2012 6:48am Mar 15, 2012 6:48am
Quoting Tom_D_Trader
Well I dont think that would be better. Btw, I dont see any such thing as Neowave in thread name. Anyway Elliot wasnt even trading FX and therefore you can not use his method directly here. When I come through the thread I see lots of marks like X,W,?, etc. I dont remember Elliot was using them either.

Gartley, butterfly, that is evolution of EW and I like that.

My point is, I combine EW principle with S/R and in fact I think I follow Elliots legacy much more, than some people in this thread. I never said this is the only way, but imo combining...
yes, the forum thread does not state neowave directy, but since Vincy self makes heavy use of Neowave (and I am not a follower of neowave), and neowave has lenghty rules and guidelines, which are laid out in Neelys book with sound reasoning, which your fantasy waves lack, it should be OK to refere to Neowave.
  • #7,082
  • Mar 15, 2012 6:51am Mar 15, 2012 6:51am
Quoting Tom_D_Trader
Well I dont think that would be better. Btw, I dont see any such thing as Neowave in thread name. Anyway Elliot wasnt even trading FX and therefore you can not use his method directly here. When I come through the thread I see lots of marks like X,W,?, etc. I dont remember Elliot was using them either.

Gartley, butterfly, that is evolution of EW and I like that.

My point is, I combine EW principle with S/R and in fact I think I follow Elliots legacy much more, than some people in this thread. I never said this is the only way, but imo combining EW principle with S/R is the same like combining it with Fibo or whatever else and therefore, my charts could be usefull for someone.

T
Hi Tom,

I've got Great Value from you
Thank's...


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #7,083
  • Mar 16, 2012 5:37am Mar 16, 2012 5:37am
I sincerely hoped NOT to be the fortuneteller when suggesting that such quarrels would only lead this forum to extinction...

Anyway, back to business - since yesterday I am following this in EURUSD:
http://t.co/15auTjQd
  • #7,084
  • Mar 17, 2012 5:36am Mar 17, 2012 5:36am
EW update

We have ended an impulse down. Question is, if the impulse down ended already at the shown location at 3085, or somewhere between 3085 and the real low at 3003.

Different TF's offer different solutions, so I am not sure about this.

When wave red 1 ended at 3085, the following corrective wave is an ABC-flat, where the C-wave impulse is in the making.

On the presented 4h TF the wave 3 of this wave C is in subwave 4 (which may terminate at around 3153 - 3138), so subwave 5 may terminate at around 3214.

After that wave 4 of the C-wave impulse may lead us down to 3169 - 3153 - 3138 again.

Wave 5 of the C-wave impulse may bring us up to 3245 (which is 50% retracement of the whole move down) or to 3301 (which is 62% retracement as well as C = 2.62x A, and the test of the lower base channel line of the corrective wave blue B.

It is likely, that this whole move up is only the first wave in a bigger corrective scheme.

There is a slight chance, that the abc-move (up) is a wxy-move. In this case, 3187 could mean the (temporary) top of the correction.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_4 Hours_snapshot.jpg Size: 104 KB
  • #7,085
  • Mar 17, 2012 11:57am Mar 17, 2012 11:57am
Quoting infinitus
EW update

We have ended an impulse down. Question is, if the impulse down ended already at the shown location at 3085, or somewhere between 3085 and the real low at 3003.

Different TF's offer different solutions, so I am not sure about this.

When wave red 1 ended at 3085, the following corrective wave is an ABC-flat, where the C-wave impulse is in the making.

On the presented 4h TF the wave 3 of this wave C is in subwave 4 (which may terminate at around 3153 - 3138), so subwave 5 may terminate at around 3214.

After that wave 4 of...
Very nice work, man. I can't see another way to count this recent decline other than what you've shown, unless it is a bizarre w-x-y. I'm currently long and will look to buy corrections on Sunday/Monday but will then look to reverse short in the areas you've mentioned for possibly a big wave 3 down. Best to you..
Don't have an ego. Always question yourself and your ability.
  • #7,086
  • Mar 17, 2012 12:01pm Mar 17, 2012 12:01pm
If we get that trendline retest at exactly c=2.618a, will be a very nice r/r short!
Don't have an ego. Always question yourself and your ability.
  • #7,087
  • Mar 17, 2012 1:25pm Mar 17, 2012 1:25pm
Quoting vincy balboa
How do you do my good men Egkid,

i thing you know my Email Id: [email protected]
All good my friend, Thanks
Sent you Mail.
  • #7,088
  • Mar 17, 2012 1:31pm Mar 17, 2012 1:31pm
Quoting infinitus
EW update

We have ended an impulse down. Question is, if the impulse down ended already at the shown location at 3085, or somewhere between 3085 and the real low at 3003.

Different TF's offer different solutions, so I am not sure about this.

When wave red 1 ended at 3085, the following corrective wave is an ABC-flat, where the C-wave impulse is in the making.

On the presented 4h TF the wave 3 of this wave C is in subwave 4 (which may terminate at around 3153 - 3138), so subwave 5 may terminate at around 3214.

After that wave 4 of the C-wave...
To b Honest i wasn't expecting PA close that high@3170
It fast Impulse move i don't understand it
all i know:-
1-Daily -4h sitting@ Turning line to make Up cycle
Weekly bearish and not finished bearish cycle
2- Two Points need to b touch sooner or Later 1.3960 - 1.2100 which one first that's the Question!?

All ideas Are welcome
  • #7,089
  • Mar 17, 2012 1:32pm Mar 17, 2012 1:32pm
Quoting RamsesII
If we get that trendline retest at exactly c=2.618a, will be a very nice r/r short!


Hi Ramses,

I hope you have a nice weekend :-)


Yes, test of that trendline and then "kiss of goodbye" would be very nice. Again 300 more pips to gain on the downside with an exeptionel R:R
  • #7,090
  • Mar 17, 2012 1:52pm Mar 17, 2012 1:52pm
Quoting egkid
To b Honest i wasn't expecting PA close that high@3170
It fast Impulse move i don't understand it
all i know:-
1-Daily -4h sitting@ Turning line to make Up cycle
Weekly bearish and not finished bearish cycle
2- Two Points need to b touch sooner or Later 1.3960 - 1.2100 which one first that's the Question!?

All ideas Are welcome


Hi Egkid,

well, there we are in the same boat. I am carrying an open short (5/10) position since 3210. It was heavy in the money at 3003 and I was waiting for 2940 LOL

When I realised at arounfd 3074, that my count at that time probably was the false one, we spiked in the next hour or so to 3120. At that point I set a TP at 3031, which was not meat while I was for hours in a meeting.

Well, speaking of vanishing gains....... :-)

I hope that I will get the opportunity at Sunday night to close that position around 3153 / 3138. We will see......


On a weekly chart we may be in a small ABC-flat (up), maybe a subwave 2 of an impulse down. To get a regular flat it should reach 3291. If expanded flat it may test the upper channel line of the downsloping base channel at around 3395. Only a confirmed break of this channel line will result in a full bull move with (much) higher targets to come.

On 4h to daily (see chart in prior post) we have an upsloping channel line of the corretive upside move - we are out of this channel.

If price makes it back into that channel with a break of around 3301 we get a more bullish picture. But we will see there huge resistance. Only a momentum move will get the price through that level.

Since the impulse move up is very fast, it would be a nice fitting C-wave (since they are really aggressive). As Ramses noted: 3301 is a very juicy short with outstanding R:R
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.jpg Size: 148 KB
  • #7,091
  • Mar 17, 2012 2:09pm Mar 17, 2012 2:09pm
If you guys want I could be of some assistance . As you all know I am all about price and violation of it. On PDA reply later.
Markets are not Random, they are designed!
  • #7,092
  • Mar 17, 2012 2:30pm Mar 17, 2012 2:30pm
Quoting Raza
If you guys want I could be of some assistance . As you all know I am all about price and violation of it. On PDA reply later.
Hi Raza,

missed you way to much over the last days :-)
  • #7,093
  • Mar 17, 2012 2:32pm Mar 17, 2012 2:32pm
Quoting Raza
If you guys want I could be of some assistance . As you all know I am all about price and violation of it. On PDA reply later.
Sure Raza
What's in ur mind?
  • #7,094
  • Mar 17, 2012 3:20pm Mar 17, 2012 3:20pm
Quoting egkid
To b Honest i wasn't expecting PA close that high@3170
It fast Impulse move i don't understand it
all i know:-
1-Daily -4h sitting@ Turning line to make Up cycle
Weekly bearish and not finished bearish cycle
2- Two Points need to b touch sooner or Later 1.3960 - 1.2100 which one first that's the Question!?

All ideas Are welcome
I will b watching How PA Acting "4h - Daily "
On the Zone 1.3280 - 1.3080
Then will decided what i will Do.
Cya Later guys
  • #7,095
  • Edited Mar 18, 2012 12:00am Mar 17, 2012 11:31pm | Edited Mar 18, 2012 12:00am
Well I wrote a long story. while attaching the chart what I wrote all disappeared....frustrating.....It was detailed.

Anyways in short 1.3077 - 67 is a bear breakout to 1.2831 -1.2806 if below 1.2795 then 1.2212 and if below 1.21 the 1.20 is not gonna hold this time...it will rather become resistence later.

if above 1.3464 then 1.3587 if broken by 40 pips that is 1.3617 then 1.3943 to 1.4055.

Above 1.3464 donot short this month...below 1.2796 donot Buy this month.

Rest is all in the chart.(short term)

Daily seems Bullish/ Monthly has Bullish divergence/ weekly had and still has Bearish Divergence.

1.2620 was a significant level from FIB prospective on Monthly chart.

1.3008 IS and was a hard core support breakout of this price is 1.2997.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr march.jpg Size: 166 KB
Markets are not Random, they are designed!
  • #7,096
  • Mar 17, 2012 11:53pm Mar 17, 2012 11:53pm
Khaboom Khaboom
Attached Image (click to enlarge)
Click to Enlarge Name: 1 daily gartley 03-17-12.gif Size: 31 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #7,097
  • Mar 17, 2012 11:54pm Mar 17, 2012 11:54pm
Quoting infinitus
Hi Raza,

missed you way to much over the last days :-)
I will try to be there ( lounge) if time permits.

Miss you all as well.
Markets are not Random, they are designed!
  • #7,098
  • Mar 18, 2012 3:49am Mar 18, 2012 3:49am
Channel and resistance area

modified count - may be viewed in this way, too
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_4 Hours_snapshot.jpg Size: 117 KB
  • #7,099
  • Edited 9:37am Mar 18, 2012 9:22am | Edited 9:37am
Markus,
This was similar to my count when I tried to foresee the rally. Since the break was confirmed I altered the count a bit because it looks more like an end of wave 5 rally:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd_h1_18-03-12.gif Size: 42 KB
  • #7,100
  • Mar 18, 2012 10:26am Mar 18, 2012 10:26am
The only thing I am fairly confident in is a bullish move occuring over the next couple days. Will be watching both bullish and bearish alternates and playing PA accordingly over the coming days.
Attached Image (click to enlarge)
Click to Enlarge Name: 18mar12eurocounts.jpg Size: 162 KB
Don't have an ego. Always question yourself and your ability.
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