Elliott wave outlook | Page 172 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Elliott Wave Counting with EG 2,835 replies

EUR/USD and other - Elliott Wave Analysis 21 replies

The Basics of Elliott Wave Theory 128 replies

Elliott Wave Gbp/usd 4 replies

(Euro) Elliott Wave Formations 43 replies

Attachments: Elliott wave outlook
Exit Attachments

Elliott wave outlook

Sep 11, 2014
Last Sync: Sep 11, 2014
Sep 11, 2014
Last Sync: Sep 11, 2014
Sep 11, 2014
Last Sync: Sep 11, 2014
Sep 11, 2014
Last Sync: Sep 11, 2014
to
No trading activity in this period.
  • #3,421
  • Nov 19, 2012 9:13am Nov 19, 2012 9:13am
Still keeping my longs, and waiting for that 2795...


Quoting Olu
the answer imho is no. $ strength is increasing...

Olu
  • #3,422
  • Nov 19, 2012 9:15am Nov 19, 2012 9:15am
Quoting Dick Tracy
Closing my longs and shorting at 2795

DT
I agree with you DT...great place to short with a great risk reward ratio!!
  • #3,423
  • Nov 19, 2012 9:17am Nov 19, 2012 9:17am
I believe this is wave 2 of the 5th wave. It has retraced 90% of wave 1. Wave 3 should be fairly long. If we blow by .2800 makes me think .3500 is on its way!!
  • #3,424
  • Nov 19, 2012 9:24am Nov 19, 2012 9:24am
Heck I do not know what this is, yet, could also be 3rd wave of a triangle... but it seems to be ending here.


Quoting MeInGraySuit
I believe this is wave 2 of the 5th wave. It has retraced 90% of wave 1. Wave 3 should be fairly long. If we blow by .2800 makes me think .3500 is on its way!!
  • #3,425
  • Nov 19, 2012 9:29am Nov 19, 2012 9:29am
Quoting Dick Tracy
Heck I do not know what this is, yet, could also be 3rd wave of a triangle... but it seems to be ending here.
Could be the C wave of 4. If that is the case we can go as high as .2881 for invalidation.
  • #3,426
  • Nov 19, 2012 9:35am Nov 19, 2012 9:35am
Come on DTracey make it turn from here!!
  • #3,427
  • Nov 19, 2012 9:55am Nov 19, 2012 9:55am
Eurozone hopes from another Greece bailout!! I just don't get it, going up when billions are going to be given away with the hope but has Greece paid anything back with those high interest rates...the Germans are going to get shafted!!
  • #3,428
  • Nov 19, 2012 10:05am Nov 19, 2012 10:05am
Quoting MeInGraySuit
Could be the C wave of 4. If that is the case we can go as high as .2881 for invalidation.
28433 is my pending order

38.2 fibo
I'll Sell when price is heading to Hell
  • #3,429
  • Nov 19, 2012 10:08am Nov 19, 2012 10:08am
Quoting braintec
28433 is my pending order

38.2 fibo
2840 is confluence of the two waves on the daily. Should be some resistance at those levels!
  • #3,430
  • Nov 19, 2012 10:10am Nov 19, 2012 10:10am
Quoting MeInGraySuit
2840 is confluence of the two waves on the daily. Should be some resistance at those levels!
so i like it!
I'll Sell when price is heading to Hell
  • #3,431
  • Nov 19, 2012 10:16am Nov 19, 2012 10:16am
Quote:
Originally Posted by Luis Carlos
"I will like that somebody help with this. I always ask. How we know if a 5 waves move is corrective or impulse... dont care ifoverlaps..."

Quoting Luis Carlos
Because, that always is a trap for wavers. Now I think we go down, and we are ending wave 2 of the last wave 5 target 1.261 and 1.2550. I prefer 1.261 cause correlate with euro yen.

But I dont want to fall in a mistake that last 5 waves in one minute chart are impulse and not corrective as a I see..
For this result is what I asked this on friday
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,432
  • Nov 19, 2012 10:25am Nov 19, 2012 10:25am
So elliott wavers, explain me this, basics doesnt wort always?
Attached Image (click to enlarge)
Click to Enlarge Name: wavers.PNG Size: 77 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,433
  • Nov 19, 2012 10:28am Nov 19, 2012 10:28am
Quoting Luis Carlos
Quote:
Originally Posted by Luis Carlos
"I will like that somebody help with this. I always ask. How we know if a 5 waves move is corrective or impulse... dont care ifoverlaps..."



For this result is what I asked this on friday
I guess I don't get what you are asking? From my point of view 5 waves are always impulsive, 3 waves are always corrective. Even if you find a impulse wave in a corrective wave, it is still an impluse as long as the rules are followed. Can you give us an example of what you mean, please.
  • #3,434
  • Nov 19, 2012 10:45am Nov 19, 2012 10:45am
Quoting Luis Carlos
So elliott wavers, explain me this, basics doesnt wort always?
Great explain Luis...When EW doesn't make sense for me instead of going more micro down into 15min, 5mins, 1mins...I actually go the opposite way out to the daily, weekly and monthly and that gives me more of a supportive or resistance macro view for my trading because that is what is all about making money, not necessarily how EW works because yes I agree it doesn't always make sense but what makes sense is that I am in a trade and I am trying to have positive pips. So for me going more macro is what I use. Hope that makes sense! Thanks for posing that question it is a great one especially for all the noobs out there!
  • #3,435
  • Nov 19, 2012 10:45am Nov 19, 2012 10:45am
Here just white count is perfect using EW, yellow and red are wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: wavers2.PNG Size: 81 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,436
  • Nov 19, 2012 10:52am Nov 19, 2012 10:52am
Quoting MeInGraySuit
Great explain Luis...When EW doesn't make sense for me instead of going more micro down into 15min, 5mins, 1mins...I actually go the opposite way out to the daily, weekly and monthly and that gives me more of a supportive or resistance macro view for my trading because that is what is all about making money, not necessarily how EW works because yes I agree it doesn't always make sense but what makes sense is that I am in a trade and I am trying to have positive pips. So for me going more macro is what I use. Hope that makes sense! Thanks for posing...
Yes, TF like 4h daily could help, but for one week or two weeks trade and you must wait the upside down... Also you can use fib to try find out some supports and res to help you to find out where you are.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,437
  • Nov 19, 2012 10:59am Nov 19, 2012 10:59am
I think another great question to ask is how do I enter a trade to maximize profits? What I have found is that a person makes the greatest amount of pips by where they enter the market. I would like to here others ideas as for me I try to follow the phrase 2 B or not 3 C. Which means I enter where I think a 3 wave or a C wave are beginning and then I try to link it to a trend line or a top(short trade) or bottom(long trade) Bollinger Band. This can occur on any time frame but 3rd waves and C waves are typically impulsive and must follow impulsive trade rules (which Luis has so frustratingly shown us that is not always the case) My stops are put above/below the 1st wave in these 3rd and C waves. It has worked so far for me for the last 5 years. I would like to hear other points of views on entries if I may.
  • #3,438
  • Nov 19, 2012 11:03am Nov 19, 2012 11:03am
Quoting Luis Carlos
Yes, TF like 4h daily could help, but for one week or two weeks trade and you must wait the upside down... Also you can use fib to try find out some supports and res to help you to find out where you are.


forget the last count I only what to show you how to get ,382 pullback...
Attached Image (click to enlarge)
Click to Enlarge Name: impulsecountc.PNG Size: 50 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,439
  • Nov 19, 2012 11:13am Nov 19, 2012 11:13am
Quoting MeInGraySuit
I think another great question to ask is how do I enter a trade to maximize profits? What I have found is that a person makes the greatest amount of pips by where they enter the market. I would like to here others ideas as for me I try to follow the phrase 2 B or not 3 C. Which means I enter where I think a 3 wave or a C wave are beginning and then I try to link it to a trend line or a top(short trade) or bottom(long trade) Bollinger Band. This can occur on any time frame but 3rd waves and C waves are typically impulsive and must follow impulsive...
Yes, best entry in wave 2 stop below wave 1. But also is ideal to trade wave A cause could be the same impulse of wave C also wave A cant be a triangle wave C can, and also in flat correction either wave A or C could be the longest.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,440
  • Nov 19, 2012 11:17am Nov 19, 2012 11:17am
Quoting Luis Carlos
Yes, best entry in wave 2 stop below wave 1. But also is ideal to trade wave A cause could be the same impulse of wave C also wave A cant be a triangle wave C can, and also in flat correction either wave A or C could be the longest.
where do you put your stops on wave A?
5 traders viewing now