Elliott wave outlook

#681
Aug 17, 2012 3:13pm Aug 17, 2012 3:13pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting Luis Carlos

Disliked

5 min chart the worse count for bears (that means dont go to 1.00), so I keep an eye closely. Wave A finished, correction then bear again...

1h chart bear count, dont like very much lets wait and see 5 waves down to be sure...

Daily chart, RSI is breaking line 50. good sign for bears...

We must retest that neckline.

Ignored

daily closing below 1.0420 is good for bear
1.0372 is next support for bear to penetrate which is monthly pivot
and around 50% retracement from jun12 low and aug 8 high....
DOWN DOWN DOWN....i'm yelling at it before asian opening...

Wooooohooooo or Boooooohooooo

#682
Edited 8:14am Aug 18, 2012 8:00am | Edited 8:14am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting Luis Carlos

Disliked

TSAR makes me work

Ignored

Given a job and made you busy in Weekend, Bro

Now... make me confident, you're Elliotian the Next Generation in FF

Added my Buddy List. And check your Wallet, please

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Always looking the GREAT, never left GOOD Point...

#683
Aug 18, 2012 10:10am Aug 18, 2012 10:10am

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Quoting Tsar

Disliked

Given a job and made you busy in Weekend, Bro

Now... make me confident, you're Elliotian the Next Generation in FF
Added my Buddy List. And check your Wallet, please

Ignored

Hey TSAR I checked out my wallet just flies I found, but ty for your V

I got interested in the pair since I did the count, I will try to make it with more details in a short TF. I notice after that the bottom could be done, but that last move is like 1-2 and impulsive and flat correction so it should go down until now...

Stocktwit: LuisCarlos - twitter: @lcparodi

#684
Aug 18, 2012 10:40am Aug 18, 2012 10:40am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting Luis Carlos

Disliked

Hey TSAR I checked out my wallet just flies I found, but ty for your V I got interested in the pair since I did the count, I will try to make it with more details in a short TF. I notice after that the bottom could be done, but that last move is like 1-2 and impulsive and flat correction so it should go down until now...

Ignored

Great...

Make Details on H1 tf as Time Frime Standard FX, Bro

Use M15 tf as the Lowest Time Frime because easier Calc to count them.
As Estimation in H4 tf or Daily is better. Weekly for the Long term.

I hope you will do the job more thoroughly in the Next days... These my Advice.
That makes you one of the Best Elliotian in FF later

Attention for gnomoneey comment, please. He got potential be Good Analyser :nerd:

Always looking the GREAT, never left GOOD Point...

#685
Aug 18, 2012 10:54am Aug 18, 2012 10:54am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

My view EUR/USD in Next Monday...

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Always looking the GREAT, never left GOOD Point...

#686
Aug 18, 2012 5:06pm Aug 18, 2012 5:06pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting Tsar

Disliked

Great...

Make Details on H1 tf as Time Frime Standard FX, Bro
Use M15 tf as the Lowest Time Frime because easier Calc to count them.
As Estimation in H4 tf or Daily is better. Weekly for the Long term.

I hope you will do the job more thoroughly in the Next days... These my Advice.
That makes you one of the Best Elliotian in FF later

Attention for gnomoneey comment, please. He got potential...

Ignored

wow one of best compliment so far. i'm an idiot compare to you guys. i've put together a few different styles and using them for my own trading. i still have to get alot better on entries. eur/usd is a real pain right now for me.
WOW really thanks and i hope i don't disappoint...
G

Wooooohooooo or Boooooohooooo

#687
Aug 18, 2012 6:54pm Aug 18, 2012 6:54pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

I like the triangle...

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Stocktwit: LuisCarlos - twitter: @lcparodi

#688
Aug 18, 2012 6:59pm Aug 18, 2012 6:59pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Whats up G, boring weekend. Just making time for a party

Stocktwit: LuisCarlos - twitter: @lcparodi

#689
Aug 18, 2012 7:02pm Aug 18, 2012 7:02pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting Luis Carlos

Disliked

Whats up G, boring weekend. Just making time for a party

Ignored

Out partying already senior Luis. You write my iPhone gets emails. Like they say when Luis speaks everyone listens

Wooooohooooo or Boooooohooooo

#690
Aug 18, 2012 7:05pm Aug 18, 2012 7:05pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Quoting gnomoneey

Disliked

Out partying already senior Luis. You write my iPhone gets emails. Like they say when Luis speaks everyone listens

Ignored

Thank you, but I dont think so... I was looking Euro Aussie, maybe inverted H&S...So Aussie could collapse and euro sideways...

Stocktwit: LuisCarlos - twitter: @lcparodi

#691
Aug 18, 2012 7:12pm Aug 18, 2012 7:12pm

gnomoneey
Joined Mar 2012 | Status: Gold anyone | 6,524 Posts

Quoting Luis Carlos

Disliked

Thank you, but I dont think so... I was looking Euro Aussie, maybe inverted H&S...So Aussie could collapse and euro sideways...

Ignored

I will look tomorrow and post
Have great night as its perfect night for mojito's. Lots of it in fact

Wooooohooooo or Boooooohooooo

#692
Aug 18, 2012 7:14pm Aug 18, 2012 7:14pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Quoting gnomoneey

Disliked

I will look tomorrow and post
Have great night as its perfect night for mojito's. Lots of it in fact

Ignored

Enjoy your party, dont drink too much...

Stocktwit: LuisCarlos - twitter: @lcparodi

#693
Edited 7:04am Aug 19, 2012 6:44am | Edited 7:04am

-er-
| Joined Aug 2011 | Status: Trader | 523 Posts

hi luis i heve notice thet almost evry time u post u heve atlist 3 senarios

up down here and there

...

just wondered , how do u trade it?

heve a geart weekend,

ur thread is one of the best here at ff ,wise u all the best.

Iam just A pips on the rode :nerd:

#694
Aug 19, 2012 12:08pm Aug 19, 2012 12:08pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Quoting -er-

Disliked

hi luis i heve notice thet almost evry time u post u heve atlist 3 senarios

up down here and there ...

just wondered , how do u trade it?

heve a geart weekend,

ur thread is one of the best here at ff ,wise u all the best.

Ignored

Sometimes 6 or 7 lol...Thank man... It is hard to explain, setups, correlations, divergences, a lot more...

Stocktwit: LuisCarlos - twitter: @lcparodi

#695
Aug 19, 2012 12:44pm Aug 19, 2012 12:44pm

medici
Joined Nov 2008 | Status: Trader | 3,270 Posts

Thanks, Luis, for excellent thread

I 've been an avid EW fan ever since I read Tony Plummer's Forecasting Financial Markets back in the roaring 90's. Very pleased to see a thread with the topic competently handled

I thought I'd add my own analysis of the euro-dollar situation, so here goes.

First, looking at the weekly chart and comparing the last down-move towards the 1.20 area in the summer of 2010, we can see that the previous one was a five-waved journey, and that the current one is about to complete its fifth leg.

Further, the fifth wave of the 2010 down-trend exhibited the rare pattern of a five-wave fifth leg. These typically lead to strong reversals. And using Fibonacci extensions (and also Fibonacci time zones) one could pinpoint the bottom almost to the pip and day. I posted about this at the time: http://www.forexfactory.com/showthre...97#post3779297

The current down trend starting in the summer of last year also exhibits a five-wave pattern to the fith leg, but the fifth leg hasn't completed yet. Looking at volume divergence from the 2010 bottom and comparing to the recent lows, one may wonder if it ever will. The fact that the fourth wave reached above the bottom of the first wave was a first sign of bear exhaustion, and the volume divergence would be another one.

Disregarding the macro-economic situation and considering the EWs only, this leads to two scenarios:

1) The fifth wave completes down below 1.2050 before a strong correction.

2) The fifth wave doesn't complete, indicating exhaustion on both the bear and bull sides, leaving us with a slow correction meandering upwards.

In addition to the comments aboce, tThe closeness of the recent 1.2050 low speaks for the latter, as does the time projection for the bottom of the last leg happening points towards the end of the coming week.

Thoughts and comments welcome.

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#696
Aug 19, 2012 6:06pm Aug 19, 2012 6:06pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

This pair could be correct a little more before resumen the downtrend...

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Stocktwit: LuisCarlos - twitter: @lcparodi

#697
Aug 19, 2012 6:29pm Aug 19, 2012 6:29pm

Luis Carlos
| Commercial User | Joined Jun 2009 | 5,468 Posts

Quoting medici

Disliked

Thanks, Luis, for excellent thread I 've been an avid EW fan ever since I read Tony Plummer's Forecasting Financial Markets back in the roaring 90's. Very pleased to see a thread with the topic competently handled

I thought I'd add my own analysis of the euro-dollar situation, so here goes.

First, looking at the weekly chart and comparing the last down-move towards the 1.20 area in the summer of 2010, we can see that the previous one was a five-waved journey, and that the current one is about to complete its fifth leg.

Further,...

Ignored

Hi Medici:

I see that move from 1.50 as a corrective...So we have 7 swings until (W) and we need 7 more from (X). With that in mind we are doing the sixth swing and I need to see one more down to finish the correction. Also I would like to see break the 40.20 RSI level to think in a bull market, but even better the 50 RSI level...