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Elliott wave outlook

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  • #8,621
  • May 14, 2013 2:42pm May 14, 2013 2:42pm
This is cause you dont think I am a bad guy

SPX500
Attached Image (click to enlarge)
Click to Enlarge Name: 14mayspx2.png Size: 106 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,622
  • May 14, 2013 6:50pm May 14, 2013 6:50pm
Quoting hirenfxtrade
Yes, My count was probably ok However, I did expect 4th wave to be simple upside correction but it unfolded in amazingly different ways The first wave was an impulse with extended fifth wave aka A of C, the irregular wave B's A then a expanding diagonal was B's B, and finally double zigzag down for C and than Major C wave was probably double zigzag or a failed fifth.. And then there was that fall down.. Amazing How could an irregular in WAVE 4 could have it C wave something like that (zigzags+expanding triangle+zigzags) Anyone have any ideas about...
It is a diagonal, could be leading or ending.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,623
  • May 14, 2013 7:45pm May 14, 2013 7:45pm
Hi Luis

Were you been hiding

you still trading EUR/YEN

it moved like you said it would
  • #8,624
  • May 14, 2013 8:06pm May 14, 2013 8:06pm
Quoting -nd-
Here is my longer term view on the gold,i really don't know is corrective wave 4 over or not, but still i want to be a buyer in commodity market {image}
do u think it will come again at 1321 bcoz i m buying in 1400-1450 area
  • #8,625
  • May 15, 2013 4:37am May 15, 2013 4:37am
Quoting eliteincome
Hi Luis Were you been hiding you still trading EUR/YEN it moved like you said it would
Hi eli, of course, look some charts here..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,626
  • May 15, 2013 5:50am May 15, 2013 5:50am
Euro probably facing up-side correction from now on
Which could leave euro above 1.30334 to max 1.31700 area

1.31700 is probably to much high..but anything is possible again..


Ray
  • #8,627
  • May 15, 2013 5:59am May 15, 2013 5:59am
Quoting hirenfxtrade
Euro probably facing up-side correction from now on Which could leave euro above 1.30334 to max 1.31700 area 1.31700 is probably to much high..but anything is possible again.. Ray
I remember saying 1.2760 was high enough and then it went to 1.37xx
Those who say it cannot be done should not interrupt those who are doing it
  • #8,628
  • May 15, 2013 6:18am May 15, 2013 6:18am
Quoting PipTrapper
{quote} I remember saying 1.2760 was high enough and then it went to 1.37xx
I dont understand your replies!!
  • #8,629
  • May 15, 2013 6:49am May 15, 2013 6:49am
Quoting hirenfxtrade
{quote} I dont understand your replies!!
I'm sorry. I'll try and explain.

You said "Anything is possible"
So, in agreement with that statement I said "I remember... blah blah blah", which basically means "Yes, anything can happen"
Those who say it cannot be done should not interrupt those who are doing it
  • #8,630
  • May 15, 2013 6:58am May 15, 2013 6:58am
We have reached the 1.618% of wave i of 1...do we have enough momentum to push to the neckline of EU?
  • #8,631
  • May 15, 2013 6:59am May 15, 2013 6:59am
Quoting Luis Carlos
This is cause you dont think I am a bad guy SPX500 {image}

Best strategy for SPX in the last few month was to buy every pullback (23.6% Fibonacci Retracement), don't put stop levels, and enjoy... so i can suggest to buy this pullback!

-nd-
  • #8,632
  • May 15, 2013 7:55am May 15, 2013 7:55am
Quoting PipTrapper
{quote} I'm sorry. I'll try and explain. You said "Anything is possible" So, in agreement with that statement I said "I remember... blah blah blah", which basically means "Yes, anything can happen"
I try to be precise, that is what I try to do.

But as all brokerz put their bottom line "Forex trading is Risky"

I just add my bottom line as ' Anything is possible '
  • #8,633
  • May 15, 2013 8:31am May 15, 2013 8:31am
SPX futures could end in any moment for sure without retracement. keep an eye. Long againg at eurjpy. 131.30 short eurgbp at 0.8496 to the hell..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,634
  • May 15, 2013 9:42am May 15, 2013 9:42am
Euro
The 4th wave correction for up-side should remain under 1.298 area
Probably, again its a 4th wave, I am not sure again how it is unfolding
  • #8,635
  • May 15, 2013 10:05am May 15, 2013 10:05am
Quoting Luis Carlos
SPX futures could end in any moment for sure without retracement. keep an eye. Long againg at eurjpy. 131.30 short eurgbp at 0.8496 to the hell..
Hi Luis,
when do you think SPX will start to retrace ?
How low will SPX go then before going to higher highs?
Thanks
Marco
  • #8,636
  • May 15, 2013 11:03am May 15, 2013 11:03am
Quoting marcb
{quote} Hi Luis, when do you think SPX will start to retrace ? How low will SPX go then before going to higher highs? Thanks Marco
Dont know really
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,637
  • May 15, 2013 11:11am May 15, 2013 11:11am
Quoting Luis Carlos
SPX futures could end in any moment for sure without retracement. keep an eye. Long againg at eurjpy. 131.30 short eurgbp at 0.8496 to the hell..
Hi LC. I agree with a short in eurgbp but can we get to 8496?

Olu
If you think you can or cannot do it you are correct
  • #8,638
  • May 15, 2013 1:11pm May 15, 2013 1:11pm
I have never traded chf/jpy pair before, but since JPY crosses are only one that move this days, i done my research

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY - Primary Analysis - May-15 2206 PM (6 hour).png Size: 27 KB


I would like to see pullback to 61.8% of the EvsC, and than i will be more than glad to enter a long position... invalidation to this wave count will be if price continue to fall and broke below the end of the C wave...

Enjoy,
-ND-
  • #8,639
  • May 15, 2013 5:00pm May 15, 2013 5:00pm
Quoting Olu
{quote} Hi LC. I agree with a short in eurgbp but can we get to 8496? Olu
Hi Olu, no, I am in that prices.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,640
  • May 15, 2013 11:46pm May 15, 2013 11:46pm
hi, guys...
this is only my opinion for euro/dollar, if closing price at the candle (H4) bellow 1.2962
it will go to the lowest last month.
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