Elliott wave outlook | Page 370 | 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.
  • #7,381
  • Feb 6, 2013 10:43am Feb 6, 2013 10:43am
Quoting The Cableguy

Wave 3 = 100% of wave 1
Wave 4 retraces 23.6% of wave 3
Wave 5 reaches its 38.2% ext of waves 0-3
Wave A achieves the 70.7% retracement level.
Wave C is 61.8% of Wave A

So lets see, i'm going to try to determine if current is a 5w C and look to get short. Finding a low risk trade without a minor 5w short first will be tricky, i guess pip above C would be sensible, as a break will negate the count;
Those fib relationships seal it for me. OK, if the count is wrong you can just put it in the dustbin of history and say the market was playing tricks.

In terms of a low risk trade, you seem to have a good plan, but remember that there is going to be severe reaction around that rising trendline when price hits it. I've put an order well below it and will fore go being "in" early in favour of a sure drop once price convincingly breaks through the TL
cryptocurrency everytime
  • #7,382
  • Edited Feb 7, 2013 2:33am Feb 6, 2013 10:45am | Edited Feb 7, 2013 2:33am
Judging by its lack of strength, it may merely reach its 38.2% retrace of prior drop at 15,697, ok so maybe a little spike past to have one last look at 15,700 for a couple of years!!!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,383
  • Feb 6, 2013 10:50am Feb 6, 2013 10:50am
Hey Guys what do you think about this scenario on eu?
Attached Image (click to enlarge)
Click to Enlarge Name: dfdf.gif Size: 24 KB
  • #7,384
  • Feb 6, 2013 10:50am Feb 6, 2013 10:50am
Quoting The Cableguy
The above also fits with my expected C wave for the EU...
(a little earlier and we managed to climb a little higher then drawn in);
I posted this earlier (seems same time as your chart) with some targets. They seem to still be valid, coz PA has hit 50% retracement without putting in 5w down so 61.8% may be the destination.

Attached Image (click to enlarge)
Click to Enlarge Name: EU_2013-02-06_22:20.jpg Size: 267 KB
cryptocurrency everytime
  • #7,385
  • Feb 6, 2013 10:52am Feb 6, 2013 10:52am
Quoting The Cableguy
Between 07:30 and 11:00 (GMT) Cable made a 5w move long (likely C), but was it c of a 3w A? I'm thinking likely and now in a B, with some form of a 5w C long to follow.

What ya reckon to that?
I'm gonna check it out -

we're in different timezones. when you say 07:30 what time is that GMT ?
cryptocurrency everytime
  • #7,386
  • Feb 6, 2013 10:54am Feb 6, 2013 10:54am
Quoting dashlat
Hey Guys what do you think about this scenario on eu?
It is possible but you need a lot of confirmation. Now, just better try to buy on dips
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,387
  • Feb 6, 2013 10:54am Feb 6, 2013 10:54am
Quoting dashlat
Hey Guys what do you think about this scenario on eu?
That's the scenario we are talking about - provided the charts confirm
cryptocurrency everytime
  • #7,388
  • Feb 6, 2013 11:03am Feb 6, 2013 11:03am
Quoting venzen
I'm gonna check it out -

we're in different timezones. when you say 07:30 what time is that GMT ?
Yep GMT...

Looks like both EU and GU in B's right now... and agreed, i merely stated an X wave earlier as par for the course, but to be fair, once it starts going down, i think sentiment will change. No-one made much of my C = 138.2% of A for Y move;

http://i1168.photobucket.com/albums/...1h04-02-13.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,389
  • Feb 6, 2013 11:22am Feb 6, 2013 11:22am
Quoting The Cableguy
Yep GMT...
Looks like both EU and GU in B's right now... and agreed, i merely stated an X wave earlier as par for the course, but to be fair, once it starts going down, i think sentiment will change. No-one made much of my C = 138.2% of A for Y move;
Sentiment will change. I am sure of that. And for me (and everyone else in this forum) it's not about rigidity. Just by applying EW one learns to be flexible and to, say, switch from bearish to bullish in a moment. So we all have views of what's going to happen, and our views are different, but we all sense that something is going to change in the market. VIX low, sentiment extremes, B-waves everywhere and stock mania, etc. I welcome any change because the current situation in the global economy is untenable and unsustainable.

"C = 138.2% of A" - maybe I'm tired but I don't get your meaning about the significance of this. Yes its a fib relationship and one of those really long C-waves. Is that what you're saying?

I'm checking out for some sleep and will get back to you on the 3w/5w structure in Cable @ 7:30 - 11am today
cryptocurrency everytime
  • #7,390
  • Feb 6, 2013 11:23am Feb 6, 2013 11:23am
This is the count for the first view.
Attached Image (click to enlarge)
Click to Enlarge Name: 13feb06.1.PNG Size: 42 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,391
  • Feb 6, 2013 11:28am Feb 6, 2013 11:28am
Quoting Luis Carlos
This is the count for the first view.
nice count, i like it....
Iam just A pips on the rode :nerd:
  • #7,392
  • Feb 6, 2013 11:41am Feb 6, 2013 11:41am
hi guys
gold on the move can anyone help me with count
  • #7,393
  • Feb 6, 2013 11:42am Feb 6, 2013 11:42am
Count for second view
Attached Image (click to enlarge)
Click to Enlarge Name: 13feb06.2.PNG Size: 55 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,394
  • Feb 6, 2013 11:48am Feb 6, 2013 11:48am
Hay un seminario gratuito para personas de habla Hispana aquí: https://www3.gotomeeting.com/register/571430910

Seminar for spanish speakers
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,395
  • Feb 6, 2013 11:48am Feb 6, 2013 11:48am
Quoting crosswind
hi guys
gold on the move can anyone help me with count
Silver should go higher so also gold my friend
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,396
  • Feb 6, 2013 11:49am Feb 6, 2013 11:49am
Quoting Luis Carlos
Hay un seminario gratuito para personas de habla Hispana aquí: https://www3.gotomeeting.com/register/571430910

Seminar for spanish speakers
En 40 minutos
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,397
  • Feb 6, 2013 12:14pm Feb 6, 2013 12:14pm
hi guys gold still climbing is it impulsive
  • #7,398
  • Feb 6, 2013 1:30pm Feb 6, 2013 1:30pm
If tomorrow is an up day, it will simply prolong the procedure in my eyes, The FTSE looks like its well through its abc corrective ready to drop as does the Euro and cable, however, they might drag it out to be bigger corrective moves such as this (Eu, the others similar);

http://i1168.photobucket.com/albums/...h06-02-13a.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,399
  • Feb 6, 2013 1:48pm Feb 6, 2013 1:48pm
Quoting The Cableguy
If tomorrow is an up day, it will simply prolong the procedure in my eyes, The FTSE looks like its well through its abc corrective ready to drop as does the Euro and cable, however, they might drag it out to be bigger corrective moves such as this (Eu, the others similar);

http://i1168.photobucket.com/albums/...h06-02-13a.png

Hi CG

Thanks for the charts. If this is a standard abc with equal lege then we are looking at 3634 before a massive drop. I actually thought the B was where your a was and that we are going down. Your count is better...

Olu
If you think you can or cannot do it you are correct
  • #7,400
  • Feb 6, 2013 1:57pm Feb 6, 2013 1:57pm
Quoting Olu
Hi CG

Thanks for the charts. If this is a standard abc with equal lege then we are looking at 3634 before a massive drop. I actually thought the B was where your a was and that we are going down. Your count is better...

Olu
Well, all my earlier charts today have been as you have just said, with B complete already, but the start of the move down today is confusing, for certain we have had a 5w count, but it was from a slightly lower start over last nights high, therefore it could easily have been a 'C' wave today and as i've just highlighted... Current move doesn't give a lot away either. Could be 1&2 of a larger C wave back up, or could be a&b already of a smaller abc wave 2...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
5 traders viewing now