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Aussie Trading Room and Cartoons Gallery

  • #21,821
  • Edited 7:40am Dec 30, 2012 7:25am | Edited 7:40am
Furthermore, your wave 1 of 3 is also a corrective pattern and both you and Luis marked it as an impulsive wave 1.

Quoting Tim_isoara
[list][*] Tim_isoara (http://www.forexfactory.com/showthread.php?p=6317114#post6317114)|Dec 21, 2012
http://www.forexfactory.com/nfs/cust...ar102399_3.gif
{quote} Retracement for 4 green.Than down to end 5 green
Thread: Aussie Trading Room and Cartoons Gallery (http://www.forexfactory.com/showthread.php?t=374571)
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1356123213 (http://www.forexfactory.com/attachment.php?attachmentid=1104596&d=1356123213)...
daddybearforex. com
  • #21,822
  • Dec 30, 2012 7:40am Dec 30, 2012 7:40am
I'd like to post my EWC for everyone's reference. My yellow INDI X is a wave count indicator as well. It is very clear that wave (A) was completed. Right now, the Aussie is in the wave (B).
Attached Image (click to enlarge)
Click to Enlarge Name: EWC-122812.JPG Size: 60 KB
daddybearforex. com
  • #21,823
  • Dec 30, 2012 7:49am Dec 30, 2012 7:49am
Quoting DaddyBear
I'd like to post my EWC for everyone's reference. My yellow INDI X is a wave count indicator as well. It is very clear that wave (A) was completed. Right now, the Aussie is in the wave (B).
BTW, this is a daily chart.
daddybearforex. com
  • #21,824
  • Edited 8:07am Dec 30, 2012 7:53am | Edited 8:07am
This was Luis' response to my comment about his EWC posted in his thread.

Quoting Luis Carlos
While you try to discuss with me more and more about ew, you show me you dont know anything about it. Well maybe 12345abc
Here was my comment to his response.

Quoting DaddyBear
Thanks for your nice word. You see a complete empty bottle is much better than a glass half full and half empty.
daddybearforex. com
  • #21,825
  • Dec 30, 2012 8:00am Dec 30, 2012 8:00am
What Luis did was that he tried to use this forum to direct viewers to his thread. He posted a link without any charts or message. If his chart was correct and beneficial to the viewers of this forum, I would be fine with that. Unfortunately, his EWC was way off. As the care taker of this thread, it is my duty to point out what was wrong with his EWC.
daddybearforex. com
  • #21,826
  • Dec 30, 2012 8:12am Dec 30, 2012 8:12am
Current quote: 1.03710. Looks like the Aussie is creeping lower.
daddybearforex. com
  • #21,827
  • Dec 30, 2012 8:41am Dec 30, 2012 8:41am
Quoting DaddyBear
Do you have a link to such a rule? I have never seen a rule like this. What I know is the relation of Wave 3 and wave 1 is 1.618/1.000 or 2.618/1.000. Both 1.618 and 2,618 are Fibonacci sequence numbers. Although 7 is a lucky number to many people, it is not a Fibonacci number.

In addition, when looking into Luis' wave 1 in the H1 chart, it is very clear that it is not an impulsive wave at all. I have noticed that you follow Luis's wave count and both of you often mark corrective waves as wave 1 or 5. This was the reason that Luis came to his...
From wavemagician.com elliott rules .
  • #21,828
  • Dec 30, 2012 8:50am Dec 30, 2012 8:50am
Quoting DaddyBear
I'd like to post my EWC for everyone's reference. My yellow INDI X is a wave count indicator as well. It is very clear that wave (A) was completed. Right now, the Aussie is in the wave (B).
This count is not good for daily chart.IMO
  • #21,829
  • Dec 30, 2012 9:37am Dec 30, 2012 9:37am
Quoting DaddyBear
BTW, this cross could be a kiss of the death.
Or the Kiss of Riches........
The More You Learn, The More You Earn.....
  • #21,830
  • Dec 30, 2012 9:40am Dec 30, 2012 9:40am
Quoting DaddyBear
First, there are some hidden information you cannot see from this chart. Second, D+ may be due for a turn to the downside. Third, the new Pivot will cap D+'s next attempt to move up.
How do you know, I cannot see this hidden information? Why do you not show us everything?........It is only a M15 chart ADX, it will have no effect on the EWP you follow........
The More You Learn, The More You Earn.....
  • #21,831
  • Dec 30, 2012 9:43am Dec 30, 2012 9:43am
Weeee! Forex market is going to open again. Without any market activity, life is meaningless.
  • #21,832
  • Dec 30, 2012 9:43am Dec 30, 2012 9:43am
Quoting JollyBean
Well, let's just say just like life, it's always exciting to see how the market plays out
http://www.youtube.com/watch?v=uoLoyg3JKRQ
The More You Learn, The More You Earn.....
  • #21,833
  • Dec 30, 2012 9:46am Dec 30, 2012 9:46am
Quoting forexalien
http://www.youtube.com/watch?v=uoloyg3jkrq
yes oh yes... It's worth the wait

EDIT: Damn, I tried to capslock the above sentence to convey my excitement, but apparently it's auto-edited back to small letters
  • #21,834
  • Dec 30, 2012 9:48am Dec 30, 2012 9:48am
Quoting DazZleA
pps I am using MT5 with candlesticks, P/sar, ema's @9,12,26, the MT5 MACD (default), full stoch and cci. Any comments on these indicators in concert?
As long as YOU can read it for profit , is all that matters. The system has to be made yours , It must show YOU trends, trend starts , trend finishes, reversals ,,and the times when you must sit on your hands and not trade........
The More You Learn, The More You Earn.....
  • #21,835
  • Edited 10:34am Dec 30, 2012 10:14am | Edited 10:34am
Quoting IberoForex
forex alien
Is AUD / USD 1H, I'm trying to figure out the swing. When you come in and go out when!
You will have a long journey of learning ahead of you, more like a life time of learning. The more you learn the more you earn......

Play the uptrending channel at it's extremes until it shows you different. The fiscal cliff news will have an effect on the direction when it is known, so beware..... You must also look at other TF's, before and after the H1 TF. I show a bottom on a M15 chart right now , but the H1 shows more room to come down, the H4 could come down a bit more for now. The biggest thing most traders never learn....is to stay out of the market....they think they need to be in it all the time, this is where their monies disappear into DB pockets. Use an oscillator on all TF's, when the oscillators are going the opposite directions on the time frames next to them, don't trade.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12_30_12 H1 aud.JPG Size: 211 KB
Click to Enlarge Name: TF.jpg Size: 29 KB
The More You Learn, The More You Earn.....
  • #21,836
  • Dec 30, 2012 10:19am Dec 30, 2012 10:19am
Quoting DaddyBear
Do you have a link to such a rule? I have never seen a rule like this. What I know is the relation of Wave 3 and wave 1 is 1.618/1.000 or 2.618/1.000. Both 1.618 and 2,618 are Fibonacci sequence numbers. Although 7 is a lucky number to many people, it is not a Fibonacci number.

In addition, when looking into Luis' wave 1 in the H1 chart, it is very clear that it is not an impulsive wave at all. I have noticed that you follow Luis's wave count and both of you often mark corrective waves as wave 1 or 5. This was the reason that Luis came to his...
Number 7 is also a Prime Number ....
The More You Learn, The More You Earn.....
  • #21,837
  • Dec 30, 2012 10:23am Dec 30, 2012 10:23am
Quoting DaddyBear
Furthermore, your wave 1 of 3 is also a corrective pattern and both you and Luis marked it as an impulsive wave 1.
Number One Rule In EWP....... Don't get lost, or Obsessed with wave counting....It will make you miss your trade......
The More You Learn, The More You Earn.....
  • #21,838
  • Dec 30, 2012 10:24am Dec 30, 2012 10:24am
Quoting Tim_isoara
This count is not good for daily chart.IMO
Why? Could you elaborate your rationales? Saying not good only does not help anyone. Using the candles of daily is more reliable than of H4. H4 and H1 can be used to determine the nature of the patterns. IMO
daddybearforex. com
  • #21,839
  • Dec 30, 2012 10:29am Dec 30, 2012 10:29am
Quoting forexalien
How do you know, I cannot see this hidden information? Why do you not show us everything?........It is only a M15 chart ADX, it will have no effect on the EWP you follow........
Although EWP can be applied to any TF, the platform couldn't produce waves which are hidden in this case. The other platform plotting INDI X only has EOD data feed.
daddybearforex. com
  • #21,840
  • Dec 30, 2012 10:29am Dec 30, 2012 10:29am
Quoting DaddyBear
What Luis did was that he tried to use this forum to direct viewers to his thread. He posted a link without any charts or message. If his chart was correct and beneficial to the viewers of this forum, I would be fine with that. Unfortunately, his EWC was way off. As the care taker of this thread, it is my duty to point out what was wrong with his EWC.
Shame on Luis for doing that......
The More You Learn, The More You Earn.....
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