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Elliott wave outlook

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  • #8,661
  • May 21, 2013 1:17pm May 21, 2013 1:17pm
Yesterday i post new article on my personal blog and i really think you should read it, if you want to learn small secret of wave traders.

Attached File(s)
File Type: pdf Easy Way to Spot Elliott Waves with Just One Secret Tip.pdf   311 KB | 2,678 downloads


I know that posting my own site is not allowed on ff, so i convert post to pdf...


Enjoy,
-ND-
  • #8,662
  • May 21, 2013 1:33pm May 21, 2013 1:33pm
ND doesnt reveal the secrets... LOL!!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,663
  • May 21, 2013 1:38pm May 21, 2013 1:38pm
Quoting Luis Carlos
ND doesnt reveal the secrets... LOL!!
Agree, but big titles are selling everything this days
  • #8,664
  • May 21, 2013 1:42pm May 21, 2013 1:42pm
EURUSD another possibility. A flat correction needs to correct.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.PNG Size: 69 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,665
  • May 21, 2013 1:47pm May 21, 2013 1:47pm
Euro,

Most Elliott wave technicians around web are having count for euro pull back to 1.301 - 1.307. Making it wave 2 for New down trend.

And Their alt count for C wave high above 1.3240.

Probably, Still Speculator's paradise is not over in bigger picture?

A new low below 1.279 might format soon

However, Anything is possible


Ray
  • #8,666
  • May 21, 2013 1:50pm May 21, 2013 1:50pm
Quoting hirenfxtrade
Euro, Most Elliott wave technicians around web are having count for euro pull back to 1.301 - 1.307. Making it wave 2 for New down trend. And Their alt count for C wave high above 1.3240. Probably, Still Speculator's paradise is not over in bigger picture? A new low below 1.279 might format soon However, Anything is possible Ray
No 2, just X
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,667
  • May 21, 2013 1:56pm May 21, 2013 1:56pm
USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: 21maycad.PNG Size: 75 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,668
  • May 21, 2013 1:57pm May 21, 2013 1:57pm
USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: 21mayusdjpy.PNG Size: 77 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,669
  • May 21, 2013 2:00pm May 21, 2013 2:00pm
Quoting Luis Carlos
{quote} No 2, just X
No, It is Major 4th
  • #8,670
  • May 21, 2013 2:08pm May 21, 2013 2:08pm
Quoting hirenfxtrade
{quote} No, It is Major 4th
Why so sure?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,671
  • May 21, 2013 2:21pm May 21, 2013 2:21pm
Quoting Luis Carlos
{quote} Why so sure?
Because they are 5 up corrected by 3 down

Most prolly.

lol
  • #8,672
  • May 21, 2013 2:24pm May 21, 2013 2:24pm
Quoting hirenfxtrade
{quote} Because they are 5 up corrected by 3 down Most prolly. lol
Whaaaat????
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,673
  • May 21, 2013 2:27pm May 21, 2013 2:27pm
Quoting hirenfxtrade
{quote} No, It is Major 4th
Friend, i want to tell you something, but don't take it personal...


You say its Major 4th wave? But how do you know this? We are all analysts (maybe not everyone), we are all looking same clean chart first, but when we are labeling our counts we often count them differently (because we can't all see charts from same angle)! But power of elliott wave theory is that you can have different projection from same currency pair and still be right!

My point: Never be sure what wave count is right or wrong! You can just put few counts on your chart and in the few hours, days you will see what count have better chance to pass(just follow simple wave rules)!
  • #8,674
  • May 21, 2013 2:40pm May 21, 2013 2:40pm
Quoting Luis Carlos
{quote} Whaaaat????
Below picture, it is start of down trend from 1.324 level
(and picture shows difference between my count and a named(over 60) elliott wave technician)

Now I have marked yellow wave 1 and 2, with another white 1 and 2.

Now ONLY if Yellow wave 2(with question mark) is valid, euro facing up side correction as wave 2 or X


And if isn't then euro faces major 4th wave up

Thus, My count is valid
Attached Image (click to enlarge)
Click to Enlarge Name: wave 2.PNG Size: 12 KB
  • #8,675
  • May 21, 2013 2:40pm May 21, 2013 2:40pm
Well I got a system using stoch-rsi that help me to know better when is a 4 or X, it is no perfect, but right now gives me as X and a minimun target 1.2970. That is based in a system.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,676
  • May 21, 2013 3:44pm May 21, 2013 3:44pm
Quoting Luis Carlos
Well I got a system using stoch-rsi that help me to know better when is a 4 or X, it is no perfect, but right now gives me as X and a minimun target 1.2970. That is based in a system.
I love the subjectivity of EW. You're always sure you have the right count until you are proven wrong.

I like your approach of using RSI limits and divergences to confirm your count. I believe that EW alone (without confirmation by other tools), although quite informative, is still not good enough. One must look for the highest possible probability before deciding to enter a trade. For me, I look at market profiles, supply/demand, MacD & RSI divergences. When the above all line up and confirm each other on multiple time framse, then I am better able to overlay the most probable EW count (for further confirmation).

Let it be known that I am not an EW trader, but I do enjoy analyzing it to give me that extra level of confidence.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,677
  • May 22, 2013 5:05am May 22, 2013 5:05am
Quoting PipTrapper
{quote} I love the subjectivity of EW. You're always sure you have the right count until you are proven wrong. I like your approach of using RSI limits and divergences to confirm your count. I believe that EW alone (without confirmation by other tools), although quite informative, is still not good enough. One must look for the highest possible probability before deciding to enter a trade. For me, I look at market profiles, supply/demand, MacD & RSI divergences. When the above all line up and confirm each other on multiple time framse, then I am...
Hi PT I now what you mean you put 10 wavers to count and you got 10 dif counts. But a system and rules that make me the count objetive, but just for me. This is a principle to make EW objetive.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,678
  • May 22, 2013 7:06am May 22, 2013 7:06am
Quoting Luis Carlos
Well I got a system using stoch-rsi that help me to know better when is a 4 or X, it is no perfect, but right now gives me as X and a minimun target 1.2970. That is based in a system.
Minmun target reached
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,679
  • Edited 7:20am May 22, 2013 7:07am | Edited 7:20am
Still long EURJPY 131.40, resistance 133.66 if break 134.90.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,680
  • May 22, 2013 7:18am May 22, 2013 7:18am
EURUSD video give it a like please. http://www.fxstreet.es/analisis-tecn...ve/2013/05/20/
Stocktwit: LuisCarlos - twitter: @lcparodi
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