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  • #5,381
  • Jan 13, 2013 6:20am Jan 13, 2013 6:20am
http://img448.yukle.tc/images/4700f22.png
  • #5,382
  • Edited 8:38am Jan 13, 2013 7:57am | Edited 8:38am
Quoting infinitus
ups, just got stopped from 0.618x wave A


food for thought
Hi Markus, if you follow more often the thread you will know why I closed my longs and everybody here knows that.

http://www.forexfactory.com/showthre...09#post6357709
Attached Image (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,383
  • Jan 13, 2013 8:30am Jan 13, 2013 8:30am
Quoting infinitus
what does the time in the past offer? That is important for context of the waves. Was the move down before the low happened corrective or impulsive?

Then the fundamental question: what is the currency (USD, EUR, YEN) which is most desperate in terms to inflate its system? For me the winner is: YEN/Japan


They do have the most unsustainable debt worldwide. Right now you often hear the excuse, that Japanese debt is mostly held by his own citizens, hence not a big problem). I personally find this excuse more than laughable. Times will change...
That exercise we already made here. I posted in your thread asking for help, but just 3 come. Tim made a good work I think.
http://www.forexfactory.com/attachme...8&d=1356897628

I clarify the chart and the options are about that, the chart is the same just swicthed.

Chart options:
1. the impulse is not finished
2. The price 170.00 is 2 o B so this should 1 - 2
3. The correction is not ended and we are making a flat wave C
Attached Image(s) (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,384
  • Jan 13, 2013 11:00am Jan 13, 2013 11:00am
Quoting Luis Carlos
That exercise we already made here. I posted in your thread asking for help, but just 3 come. Tim made a good work I think.
http://www.forexfactory.com/attachme...8&d=1356897628

I clarify the chart and the options are about that, the chart is the same just swicthed.

Chart options:
1. the impulse is not finished
2. The price 170.00 is 2 o B so this should 1 - 2
3. The correction is not ended and we are making a flat wave C
Hi Luis, I did not respond, because it is a futile attempt to make an educated count with only to have a chart without momentum curves and only a chart on one TF


Regarding the inverse EJ chart:

we have to check now, which chart is valid, my chart or your chart, since both charts are not completely congruent. The reason in the case of Euro is, most of the time, that some simply take the DM (German mark) for the time prior to EUR and merge the charts. But that is wrong. One have to either take the ECU or to calculate the EUR back with all the incorporated currencies. Since my charts are from Dukascopy, and they do even have the right historical conversion for EURUSD, I do think that my chart is right. I currently try to find another source.


Whereas your chart offers the chance to count the first big move as impulse, my chart offers only a double ABC.
  • #5,385
  • Jan 13, 2013 5:14pm Jan 13, 2013 5:14pm
Review of crude oil. I got to the historical data and I thought how it is oil and I come to something such that. I would like to know your opinion.
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  • #5,386
  • Jan 13, 2013 7:36pm Jan 13, 2013 7:36pm
Quoting danko316
Review of crude oil. I got to the historical data and I thought how it is oil and I come to something such that. I would like to know your opinion.
It is nice. Just a flat i see as other possibility
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,387
  • Jan 14, 2013 12:05am Jan 14, 2013 12:05am
Oil is a depleting commodity. A/B = 3/4, W = extended 5th, X = 'A'.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,388
  • Edited 3:39am Jan 14, 2013 1:29am | Edited 3:39am
Quoting Luis Carlos
That exercise we already made here. I posted in your thread asking for help, but just 3 come. Tim made a good work I think.
http://www.forexfactory.com/attachme...8&d=1356897628

I clarify the chart and the options are about that, the chart is the same just swicthed.

Chart options:
1. the impulse is not finished
2. The price 170.00 is 2 o B so this should 1 - 2
3. The correction is not ended and we are making a flat wave C
Hello Luis and fellow Elliott Wavers

Your "homework"charts were posted on the FXCM EW forum a few weeks ago by someone asking for help in labeling them. Here is my attempt at labeling one of them and the reasons why I labelled it that way. Post #47263 http://forexforums.dailyfx.com/ellio...ml#post1479493

The labelling on your chart is not valid under Elliott Wave rules.
Your wave 1-2 at the bottom of the chart has wave 2 lower than the origin of wave 1. We cannot see any previous price action than that shown on the chart nor was there any prices or dates shown so how can you label those moves as a valid wave 1-2?
  • #5,389
  • Jan 14, 2013 1:29am Jan 14, 2013 1:29am
Quoting The Cableguy
Oil is a depleting commodity. A/B = 3/4, W = extended 5th, X = 'A'.
  • #5,390
  • Jan 14, 2013 5:09am Jan 14, 2013 5:09am
I haven't seen a single post here on a small timescale. Do you guys not trade intra-day as such?

The easiest wave to recognise is the 3rd. If it doesn't extend (not more than 161.8% of wave 1), look for a great low risk wave 4 trade. Use channel lines off of 0&2 replicated off of 1 to indicate likely support for 4. Then try to tie in the 38.2% retracement. Stop is a couple pips inside wave 1 territory (be mindful you're not in a 'C' wave). With wave 5 to come we can also project likely targets. I also combine a flag trading system which if triggered adds to the picture to make it a very high probability trade. remember, its not about pips, its all about percentages. 3% each trade regardless if its 200 pip target or 20pips. Why wait for days for a set-up, they happen several times a day on small timescales...


The chart;

http://i1168.photobucket.com/albums/...ry14-01-13.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,391
  • Edited 5:59am Jan 14, 2013 5:27am | Edited 5:59am
The EW entry above often gives the favourable R:R (typically 1:3), the flag trade gives far higher probability but 1:1 R:R. The important criteria for the flagtrade is to look for the last HL before the peak, to be breached (if shorting or vica versa), then the pullback and flagline...

Following PA is equally important. It looks to be a nice impulsive 5w 5th count right now heading for the projected 76.4%/100% fibs.

For some reason i cant seem to edit the above chart, so here it is showing the breach of the last HL... (this is typically the prior wave 4);


http://i1168.photobucket.com/albums/...14-01-13-1.png


The beauty of the trade is that, even if the 1,2&3 was an AB&C and the 4th as indicated turns out to be an X wave, the trade was a valid one. It's one of those win, win situations!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,392
  • Jan 14, 2013 6:11am Jan 14, 2013 6:11am
Sorry, don't mean to be taking over, but before someone beats me to it... A little further on and by following wave formation, it's possible to predict a target further... (most here will already know, but...);

Draw line from 2&4 parallel off of 1 (sometimes off of peak of 3, if angle looks more ideal), look for end of wave 5 to connect, (preferably in conjunction with a fib extension);

http://i1168.photobucket.com/albums/...y14-01-13a.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,393
  • Jan 14, 2013 6:24am Jan 14, 2013 6:24am
thank you when it is as you say so in the future oil price will go to around the 40th. This is very good news. I am wondering how it could be that the price of oil drops to 40th. So maybe we will have some cars on water.
  • #5,394
  • Edited 6:48am Jan 14, 2013 6:24am | Edited 6:48am
Quoting The Cableguy
I haven't seen a single post here on a small timescale. Do you guys not trade intra-day as such?

The easiest wave to recognise is the 3rd. If it doesn't extend (not more than 161.8% of wave 1), look for a great low risk wave 4 trade. Use channel lines off of 0&2 replicated off of 1 to indicate likely support for 4. Then try to tie in the 38.2% retracement. Stop is a couple pips inside wave 1 territory (be mindful you're not in a 'C' wave). With wave 5 to come we can also project likely targets. I also combine a flag trading system which if triggered...
Cableguy. Very nice. You have an EJ example? TY
  • #5,395
  • Jan 14, 2013 6:44am Jan 14, 2013 6:44am
Thankyou Tim, i'm hoping that was a genuine mistake with my name?

In this instance, it is pointless to replicate the EJ as it wasn't as obvious as the GJ. If you run the fibs, however, wave 3 (of this equivalent move did reach 261.8% of wave 1. Good enough to highlight the wave 4 to follow...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,396
  • Jan 14, 2013 6:50am Jan 14, 2013 6:50am
[quote=The Cableguy;6362713]Thankyou Tim, i'm hoping that was a genuine mistake with my name?

In this instance, it is pointless to replicate the EJ as it wasn't as obvious as the GJ. If you run the fibs, however, wave 3 (of this equivalent move did reach 261.8% of wave 1. Good enough to highlight the wave 4 to follow...[/quote

Sorry
  • #5,397
  • Jan 14, 2013 6:54am Jan 14, 2013 6:54am
No prob's Tim... I see you are the other side of the Black sea from me!

Anyway, it looks like someone has shot the £. Its been the weakest link for a while now and the other possibility of the ABCXABC (WXY) looks likely, either that or a throwover. Like i said, no bother... after the breach of the last HL, it confirms trend down. I missed entry on this occasion, so am cursing myself now...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,398
  • Jan 14, 2013 7:13am Jan 14, 2013 7:13am
Quoting Gray
Hello Luis and fellow Elliott Wavers

Your "homework"charts were posted on the FXCM EW forum a few weeks ago by someone asking for help in labeling them. Here is my attempt at labeling one of them and the reasons why I labelled it that way. Post #47263 http://forexforums.dailyfx.com/ellio...ml#post1479493

The labelling on your chart is not valid under Elliott Wave rules.
Your wave 1-2 at the bottom of the chart has wave 2 lower than the origin of wave 1. We cannot see any previous...
Hey Gray whats up!

Well, that "homework" was just for EW research with nice conclusion I got. I always I looking to get better the theory and fill the holes. I do that because in some time in the past there is no yen and euro in this case so I think we must to begin from 0 (zero). For me has a lot of sense so I did.
Attached Image (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,399
  • Jan 14, 2013 7:26am Jan 14, 2013 7:26am
hi mister NUTS....

do you have a target for the correction in eurusd?

i like 1,3310/1,3285
I'll Sell when price is heading to Hell
  • #5,400
  • Jan 14, 2013 7:50am Jan 14, 2013 7:50am
One possibility;

http://i1168.photobucket.com/albums/...y14-01-13b.png

But too early for me to take a trade yet, you know the score... need to identify a minor 5w/3w yet...
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