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  • #2,121
  • Oct 20, 2012 3:10pm Oct 20, 2012 3:10pm
Quoting Dick Tracy
Well, not really. This pound down move is corrective, and when I was talking about the reversal, I'm expecting a new top for pound (and euro too), near 1.64, so something like shown below.

There's also divergence building up on CCI, if you wish to use other indications for reversal.

Attachment
Ah ok, got it.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,122
  • Oct 20, 2012 3:14pm Oct 20, 2012 3:14pm
Quoting Raza
lol.

Homework was done long time ago..

It was all in my head just put them on the chart today.

I do care for Elliott Wave but some times , waves are so deceiving that its hard to make sense out of it.

At that point what makes sense is the Price....

"It is true that Price is Everything"!

I am pretty good with price what I am working on is "Time", which is more

important than Price.

The day I figure that out, it will be my greatest accomplishment.

PS: this could be the last impulse wave down of your Equity Curve.......
Hey Raza, did you see the charts I posted about pound. Do you have some way to knwo when 5 waves are impulse or corrective.. I dont remember the book calls those waves like actionary corrective or something...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,123
  • Oct 20, 2012 3:24pm Oct 20, 2012 3:24pm
KIWIII!!!
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,124
  • Oct 20, 2012 3:28pm Oct 20, 2012 3:28pm
KIWII!!
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,125
  • Oct 20, 2012 3:30pm Oct 20, 2012 3:30pm
Quoting Dick Tracy
Well, not really. This pound down move is corrective, and when I was talking about the reversal, I'm expecting a new top for pound (and euro too), near 1.64, so something like shown below.

There's also divergence building up on CCI, if you wish to use other indications for reversal.

Attachment
Let me use your chart I mean this bear as a FLAT
Attached Image (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,126
  • Oct 20, 2012 3:35pm Oct 20, 2012 3:35pm
Quoting Luis Carlos
Let me use your chart I mean this bear as a FLAT
Why is the wave 3 the shortest one?
daddybearforex. com
  • #2,127
  • Edited 3:51pm Oct 20, 2012 3:40pm | Edited 3:51pm
Quoting DaddyBear
Why is the wave 3 the shortest one?
It just a diagram no big deal... but I think that 3 has 1 pip more than the 5...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,128
  • Edited 1:54am Oct 21, 2012 1:43am | Edited 1:54am
Quoting Luis Carlos
Hey Raza, did you see the charts I posted about pound. Do you have some way to knwo when 5 waves are impulse or corrective.. I dont remember the book calls those waves like actionary corrective or something...
Sorry Luis,
I fell a long sleep. I have not counted the waves yet like you did on GU but here is what I have.

1.6081 PRICE had a decisive break so we know that level is resistence now.No bull unless above that level.

There is also a Diamond top.

I was also looking for 1.64 and 1.66 , but did not happen.
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #2,129
  • Oct 21, 2012 1:50am Oct 21, 2012 1:50am
Quoting Luis Carlos
KIWII!!
This is how you count wrong wave A : wave d broke base channel ( the line from the beginning of your A to the end of wave b )
Attached Image (click to enlarge)
Click to Enlarge Name: kiwibull1.png Size: 55 KB
Keep Simple...!
  • #2,130
  • Oct 21, 2012 4:34am Oct 21, 2012 4:34am
Quoting Luis Carlos
Hi G, I think dont know, better watch Asia first. But I want to know if somebody who uses EW knows how to differentiate 3 waves of 5 waves impulses...

First chart bull, second one bear
so far I would go with option 2, but can not say for sure, if the last wave 5 has not already ended....
  • #2,131
  • Oct 21, 2012 4:41am Oct 21, 2012 4:41am
Quoting Raza
As waves can be very deceiving at times.

I take what I can, when it makes sense, kinda " Hit and Run"

Who cares where its gonna go. Market is dancing in our face all day all night long. Take what you can, you would be way better off than catching the trend from the bottom or top and collect 1000 pips.

If it is the top or bottom , would you risk a lot considering you are right. What if you are wrong you can have a significant loss from even a small move more than your price level.From every anticipated price level size your position...


So true, can not say better.

Trying to get the home run may work from time to time, but I am certain, that most of the time you end up with losses measured in equity and time.

Take the steady way, day by day......


That gets more and more VERY important when your account grows.

There is nothing more devasting you can do than to go for the home run with a huge account........
  • #2,132
  • Oct 21, 2012 4:47am Oct 21, 2012 4:47am
Quoting infinitus
So true, can not say better.

Trying to get the home run may work from time to time, but I am certain, that most of the time you end up with losses measured in equity and time.

Take the steady way, day by day......


That gets more and more VERY important when your account grows.

There is nothing more devasting you can do than to go for the home run with a huge account........
Atlast we agreed on something!

Markets are not Random, they are designed!
  • #2,133
  • Oct 21, 2012 6:05am Oct 21, 2012 6:05am
Quoting gnomoneey
sorry im at work no charts to help....but i think its either going higher and if it go lower

what do you think Luis

1.6070 max retrace then down
-retrace as stoch are oversold

weekly is starting a nice dt which might get 1.58-1.59 next week
with max 1.557 in few weeks
Wooooohooooo or Boooooohooooo
  • #2,134
  • Oct 21, 2012 6:10am Oct 21, 2012 6:10am
is it possible? I am new to Wave......Eur / Usd H4
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  • #2,135
  • Oct 21, 2012 10:24am Oct 21, 2012 10:24am
Quoting Raza
Sorry Luis,
I fell a long sleep. I have not counted the waves yet like you did on GU but here is what I have.

1.6081 PRICE had a decisive break so we know that level is resistence now.No bull unless above that level.

There is also a Diamond top.

I was also looking for 1.64 and 1.66 , but did not happen.
OK ty. But we will see 1.64, 1.66 to complete the triangle...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,136
  • Oct 21, 2012 10:26am Oct 21, 2012 10:26am
Quoting kotlt
This is how you count wrong wave A : wave d broke base channel ( the line from the beginning of your A to the end of wave b )
Dont worry about that patterns are no perfect as triangles and more...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,137
  • Oct 21, 2012 10:32am Oct 21, 2012 10:32am
Quoting gnomoneey
1.6070 max retrace then down
-retrace as stoch are oversold

weekly is starting a nice dt which might get 1.58-1.59 next week
with max 1.557 in few weeks
Yes, 1.6070/80 could be the max, but still know sure... I am looking the SPX500 still tell me higher...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,138
  • Oct 21, 2012 10:34am Oct 21, 2012 10:34am
Quoting neltonbenke
is it possible? I am new to Wave......Eur / Usd H4
Yes, it is possible...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,139
  • Oct 21, 2012 11:25am Oct 21, 2012 11:25am
Still the same view...
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2,140
  • Edited 3:32pm Oct 21, 2012 1:10pm | Edited 3:32pm
That is why I still dont see a crash on the market, so dollar no bull just for a correction. Wave IV could be there and it invalidates if the market break 1.421,4. So know if I nice risk reward buying risk @1.426 with target @1.490. If market breaks 1.421,4, I see the max level of wave IV is 1.397, so I still think euro dollar max 1.2746 retracement and aussie dollar 0.997. The market is just correction the RISK is ON.

1.397 is the limit for RISK ON....
Attached Image(s) (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
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