Elliott wave outlook

Its possible.
Look at the waves. My count may not be right at all but look at price action. It looks to have just entered an impulse up don't you think? The angle of price action is very steep like possibly a wave 3? We also show no RSI divergence yet.

Price action always tells the story.

Right count or wrong all I have to say is why enter the market short without seeing a CLEAR 5 waves to the downside on the shorter time frames. We all know there will be plenty of pips to the downside when we do reach it so why not wait for 5 down and 3 back to enter the market with some degree of safety and have the minimum possible stop loss? Thats what Elliot Wave is all about..It may just save some heartache to your account

yup lost 10 pips on a possible short trade but when it break up it went up hard... will keep on watching PA...

Gray has just highlighted the point i keep trying to make. EW is all about finding low risk/high reward trades, don't fight the trend, wait until a key fib level is reached and then you need a clear 5w/3w to designate your stop placement. If you try to guess the end, you have to be very very clever, even then, why not wait for confirmation? I posted a clear example of this yesterday. First the clean bounce off of the 50% retracement fib, then down to the 10sec chart to follow my minor 5/3, PA was so kind it designated the turn to the very pip and you now have your exact stop placement...

You don't think we are going to have one of them silly days again do you?!
Also, what if this is just the first 5w set ('A' of 'Y') we will have 3w 'B' and then a further complete 5w if so...

http://i1168.photobucket.com/albums/...4h30-01-13.png

i dont know if the bears are going to be able to over run all these bulls on the e/u

My wave count eur/usd.

Just done an EJ chart, but already it looks like an ending diagonal on the minor 3rd, which means the acceleration channel could be ending sooner than i have shown, still i have drawn it now, so will post;

http://i1168.photobucket.com/albums/...5m30-01-13.png

As just suggested, you may need to adjust. I particularly didn't like the fact there are so many res lines right where we are at (blue circle), maybe a push later will be a false out above for a mo... like a prarie dog peeking out above a parapet and then getting scared and promptly getting back down below

http://www.fxstreet.com/technical/an...2013/01/30/02/

is a little old now. but we arent the only ones seeing the correction.

Uncanny! We have reached the daily top TL. It coincides with wave 3 currently being exactly 100% of wave 1 (so far). The reaction is to the very pip!

To be honest i drew an extended wave 3 because i believe wave 2 was irregular and i still think this will be in 5w with the overall fib projection for the end of the 5th (of overall 3rd) at 12,465 (although there is a lower one at 12,415).

GM everyone what a nice move for the euro

look the volume! my tool for top and bottom.

Look this, but I bellieve that the market could go more higher

@ LUIS more higer till?? possible top area. or start a fresh cycle for high, I go with first one.

Have no idea, just know that we are in wave 4 of this extension ej and eu. I told you be careful with the extension.

OOOPPSSS!!! NEgative GDP.... Look eu up ej down

EJ now in fifth.

Strange, this indicator turned some people risk averse, but they go for euro not dollar... Euro new refuge currency. Don't know if refuge is the true word. I mean safe currency

my target 124.34

4 done

http://i1168.photobucket.com/albums/...m30-01-13a.png