Elliott wave outlook

hahaha

is that a no?
then what price?

he said dont buy yen pair. shorting e/j would be buying yen. aka ask where the long target is.

ok i'll just buy gold then and catch 800 pips....

gl guys n keep up the good work

on average how long do you tend to hold your trades?

very nice!

I just laugh how you ask for the target

Venzen I Still no have the video recorded

Hi there Luis. No problem about the video - I can wait.

Just checking what has been happening while I was sleeping. I see EWI now say they expect S&P to go to 1525

They are copyinh my charts

Ok easy trade at euro yen guys:

above 126.65 is a buy target 128.45/50
below 125.90 the market could hit 125.30 - 125.05 or 124.90 then 1.2845/50

See you tomorrow

PD: I never said sell...

By the way, aussie is a buy after one more in 5 waves

Hi Luis

Have 2 longs above at 126900 an 127000 EUR/YEN TP 128500

Just closed out the good ones 126850,

are we expecting sell off

what is every body else doing

its look like long

I wouldn't rule out some variation of an ending diagonal yet on EJ;

http://i1168.photobucket.com/albums/...1h07-02-13.png

lets see that good news eur!

And our 5w 'C';

http://i1168.photobucket.com/albums/...2m07-02-13.png

Ok, now we have crossover on Cable, so perhaps something more like this instead;

http://i1168.photobucket.com/albums/...5m07-02-13.png

Was trying to explain elsewhere earlier about waiting for a low risk entry point...

http://i1168.photobucket.com/albums/...0m07-02-13.png

Ok, might look a bit confusing, but i will try to explain my point. At the moment we have completed a (small) 5w long on the EU, this was expected as per prev charts as a 'C' wave, however, it could still be, simply of a larger wave 1 and thus still 4 more waves to come (typically as in the top purple circle. With the thinking in mind that this will be corrective, we shouldn't break the high of Tuesday, therefore if a count takes us up there, we can enter short near this point, with our stop a pip (plus spread) above the high, (stop2).

In the lower purple circle option, it would mean the minor 5w was our C wave completed. It is roughly the 76.4% fib of A, but not conclusive (and not a favourite fib level for me), however, if we drop, we should wait for a decisive break of the red TL, as this would likely indicate AB&C were complete. Our stop goes a pip above the peak of 'C'(stop1). The middle ground is higher risk, both in pips and evidence...

If the trade is wrong, at least we have minimised risk and/or maximised evidence.

The only problem will be if we see this instead (as of last nights chart);

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

Identifying the wave count is key. The EU certainly looks like printing a 4th currently and thus might take us really close to the top line, in its 5th for a great entry point

Bearing in mind the confusion as to the correct count (hats off to mr. EU for disguising it so well), i find Cable the better trade...