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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #7,101
  • Mar 18, 2012 10:32am Mar 18, 2012 10:32am
I don't see the recent low having the right number of waves to actually count a proper ending diagonal, although it appears very close to one. Still, a lot of RSI divergence off the lows and I will be looking to add to longs sunday/monday a tad lower if possible.
Don't have an ego. Always question yourself and your ability.
  • #7,102
  • Mar 18, 2012 1:14pm Mar 18, 2012 1:14pm
Nice thread guys. What do u thing about this count?
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,103
  • Mar 18, 2012 1:23pm Mar 18, 2012 1:23pm
Quoting Luis Carlos
Nice thread guys. What do u thing about this count?
I don't favour this count because I have problems counting the move from 2 to i as 5 waves. Can you show how you've done it?
Don't have an ego. Always question yourself and your ability.
  • #7,104
  • Mar 18, 2012 1:33pm Mar 18, 2012 1:33pm
Quoting RamsesII
I don't favour this count because I have problems counting the move from 2 to i as 5 waves. Can you show how you've done it?
It can be a 3 wave structure. So the structure could be 5-3-5. As long as below 1.3290..if above then we are looking for an X wave around 1.3405- 1.3420ish.
Wave1-2= 5-3. Then 3-3-5. All together 5-3-5.

Whatever it is violation down is 1.3077. For upside 1.3302.
Markets are not Random, they are designed!
  • #7,105
  • Mar 18, 2012 1:43pm Mar 18, 2012 1:43pm
Quoting Raza
It can be a 3 wave structure. So the structure could be 5-3-5. As long as below 1.3290..if above then we are looking for an X wave around 1.3405- 1.3420ish.
Wave1-2= 5-3. Then 3-3-5. All together 5-3-5
Ty for your answer, Ramses and Raza, thats the view 5-3-5
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,106
  • Mar 18, 2012 1:52pm Mar 18, 2012 1:52pm
Quoting Raza
It can be a 3 wave structure. So the structure could be 5-3-5. As long as below 1.3290..if above then we are looking for an X wave around 1.3405- 1.3420ish.
Wave1-2= 5-3. Then 3-3-5. All together 5-3-5.

Whatever it is violation down is 1.3077. For upside 1.3302.
My only point is that the move from 2 to i is shown as 5 waves on that count and since wave i has to be a 5 wave structure, it's not possible. I believe it can only be counted as 3 waves.
Don't have an ego. Always question yourself and your ability.
  • #7,107
  • Edited 2:34pm Mar 18, 2012 2:00pm | Edited 2:34pm
Quoting RamsesII
My only point is that the move from 2 to i is shown as 5 waves on that count and since wave i has to be a 5 wave structure, it's not possible. I believe it can only be counted as 3 waves.
It's a 3 wave structure. Abc.followed by 3 wave up. And may be 5 waves down to 1.28xx. 3-3-5.

What's more interesting , current move from 1.30 is unfolding in 5 wave structure. Currently in third wave. Keep in mind, It was an impulse move up.
Markets are not Random, they are designed!
  • #7,108
  • Mar 18, 2012 2:01pm Mar 18, 2012 2:01pm
Quoting RamsesII
My only point is that the move from 2 to i is shown as 5 waves on that count and since wave i has to be a 5 wave structure, it's not possible. I believe it can only be counted as 3 waves.
I think you are right! changing plans
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,109
  • Mar 18, 2012 2:42pm Mar 18, 2012 2:42pm
Quoting Raza
It's a 3 wave structure. Abc.followed by 3 wave up. And may be 5 waves down to 1.28xx. 3-3-5.

What's more interesting , current move from 1.30 is unfolding in 5 wave structure. Currently in third wave. Keep in mind, It was an impulse move up.
Yes there is a pretty high percentage move up coming soon... the question still is where to after this 5 up?
Don't have an ego. Always question yourself and your ability.
  • #7,110
  • Mar 18, 2012 3:00pm Mar 18, 2012 3:00pm
any interest in usdcad?
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Don't have an ego. Always question yourself and your ability.
  • #7,111
  • Mar 18, 2012 3:09pm Mar 18, 2012 3:09pm
I think this is better
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,112
  • Mar 18, 2012 3:17pm Mar 18, 2012 3:17pm
Quoting RamsesII
any interest in usdcad?
This inverted flag is the scenario I follow at the moment with possible break down to 9780
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  • #7,113
  • Mar 18, 2012 3:31pm Mar 18, 2012 3:31pm
Quoting RamsesII
Yes there is a pretty high percentage move up coming soon... the question still is where to after this 5 up?
Move up may not have finished yet so can't predict the retrace.

I will try to update the price once it's done doing its thing this week.
Markets are not Random, they are designed!
  • #7,114
  • Mar 18, 2012 5:17pm Mar 18, 2012 5:17pm
Quoting freelancer
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:
Hi Freelancer,

sorry for answering so late.....


Steve Hochberg from Elliott Wave International has the whole wave down counted like you did. He says, that the wave 5 is an ending diagonal.

But for me it looks more like an ABC move on various TF's.

Only on daily you can count a nice impulse for wave 5, but try it on 4h TF. It may even work on 4h TF, but the momentum distribution in the wave then is not typical.

But we can only tell the truth afterwards, I fear :-(
  • #7,115
  • Mar 18, 2012 5:20pm Mar 18, 2012 5:20pm
Quoting Luis Carlos
I think this is better
Hi Luis,

that is my main count, too.

see #7084 http://www.forexfactory.com/showthre...64#post5485864
  • #7,116
  • Mar 18, 2012 5:27pm Mar 18, 2012 5:27pm
Quoting infinitus
Hi Luis,

that is my main count, too.

see #7084 http://www.forexfactory.com/showthre...64#post5485864
Great! I think i go in a good way so. I will waiting for .5 or .38 retracement to get in the market.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,117
  • Mar 18, 2012 5:45pm Mar 18, 2012 5:45pm
Somebody trade GBP/JPY, could somebody confirm w5 end.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,118
  • Edited 6:25pm Mar 18, 2012 6:04pm | Edited 6:25pm
I've been looking for a USD/JPY bottom for months and finally took my eye off it and watched it fly up. There will be retracements coming up, but monthly bottom is my guess.

edit: added count
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Don't have an ego. Always question yourself and your ability.
  • #7,119
  • Mar 18, 2012 6:24pm Mar 18, 2012 6:24pm
The correlation between USDJPY and GBPJPY was almost perfect last weeks, such much that I bought GBPJPY when USDJPY touch 82. It was perfect. I think I will short GBPJPY when USDJPY breakdown 83.300. I'll see.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,120
  • Mar 18, 2012 9:00pm Mar 18, 2012 9:00pm
C:UserssamiDocumentsforcasting2012-03-18_2050.png


non limiting triangle?
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