Is it going down to that area ? I don't know ... let's see
I Can be What I Will to be
- #7,786
- Jan 12, 2017 1:26am Jan 12, 2017 1:26am
- | Joined Mar 2014 | Status: Trader | 1,798 Posts
Is it going down to that area ? I don't know ... let's see EURUSDH1.png;2133270 {image}
- #7,787
- Jan 12, 2017 6:16am Jan 12, 2017 6:16am
Good Day Everyone,
My attempt for NZD/CAD H4,
Thinking Wave (b) likely completed as corrective momentum broken. Wave (c) up next.
Thanks
My attempt for NZD/CAD H4,
Thinking Wave (b) likely completed as corrective momentum broken. Wave (c) up next.
Thanks
"The markets can remain irrational longer than you can remain solv
- #7,788
- Jan 12, 2017 8:44am Jan 12, 2017 8:44am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
DXY is forming typical EW 3-3-5, A-B-C expanding flat correction (4), with c waves in ending diagonals (5 waves).
Now near wave B completion.
Now near wave B completion.
Elliott Wave for optimum entry, exit and risk management of trades
- #7,790
- Jan 13, 2017 6:53am Jan 13, 2017 6:53am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
EURUSD Daily
Since Mar 2015 low this pair has been developing a multi-months 3-3-5 A-B-C expanding flat correction (4).
As the 1st wave down from May 2016 top & subsequent waves are zigzags, an ending diagonal (a family of zigzags) wave c is forming.
Now advancing on 4th wave 4 of ED towards at least 1.1200.
Since Mar 2015 low this pair has been developing a multi-months 3-3-5 A-B-C expanding flat correction (4).
As the 1st wave down from May 2016 top & subsequent waves are zigzags, an ending diagonal (a family of zigzags) wave c is forming.
Now advancing on 4th wave 4 of ED towards at least 1.1200.
Elliott Wave for optimum entry, exit and risk management of trades
- #7,791
- Jan 13, 2017 7:30am Jan 13, 2017 7:30am
Good Day Everyone,
My attempt for EUR/AUD H4,
Prices near Daily supported levels. From H4 perspective, waiting for down momentum to break.
Thanks
My attempt for EUR/AUD H4,
Prices near Daily supported levels. From H4 perspective, waiting for down momentum to break.
Thanks
"The markets can remain irrational longer than you can remain solv
EURUSD Daily Since Mar 2015 low this pair has been developing a multi-months 3-3-5 A-B-C expanding flat correction (4). As the 1st wave down from May 2016 top & subsequent waves are zigzags, an ending diagonal (a family of zigzags) wave c is forming. Now advancing on 4th wave 4 of ED towards at least 1.1200. EURUSD 13Jan17.png;2139176 {image}
mine in yellow as a triangle abcde serves as an 'x'
cmiiw
I Can be What I Will to be
10X
- #7,795
- Jan 13, 2017 9:39pm Jan 13, 2017 9:39pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} ... as an alternative count, this is my view on EURUSD mine in yellow as a triangle abcde serves as an 'x' EURUSD 13Jan17.png;2139318 cmiiw {image}
Looking at the preceding wave, it's very much an extended 3rd wave down, being part of an impulse wave down from May 2014 top.
Therefore, the pattern concerned is just a complex 4th wave correction, that alternates with a very simple wave (2) - the EW alternation rule bet. wave 2 & 4.
Elliott Wave for optimum entry, exit and risk management of trades
- #7,798
- Jan 14, 2017 2:22am Jan 14, 2017 2:22am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote}Hello, I am not so advanced in EW theory, do you mind explaining what the first image represents?
EW explained :
A bogus attempt to throw letters at chart.
Â
EURUSD Daily Since Mar 2015 low this pair has been developing a multi-months 3-3-5 A-B-C expanding flat correction (4). As the 1st wave down from May 2016 top & subsequent waves are zigzags, an ending diagonal (a family of zigzags) wave c is forming. Now advancing on 4th wave 4 of ED towards at least 1.1200. EURUSD 13Jan17.png;2139176 {image}
Â
Why is wave 4 so big???
Overlapping...????Â
Why is 5 so big.??? it's normally flat, to look like ending diag.
1.12 is super stretch !!!Â
Â
Anyway.
I personally will use EW only on small frame. Otherwise is pointless.  Do you think big movements (news)  care about any EW???
Â
GL.
Beware of robber banks (RB), bad advisors.
- #7,799
- Edited 6:32am Jan 14, 2017 6:12am | Edited 6:32am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
{quote} Why is wave 4 so big??? & Anyway. I personally will use EW only on small frame. Otherwise is pointless.
No-one will hold throughout such large movements and EW will never be reliable enough to take these trades with enough certainty.
For many years, i too tried to apply it, but never can you gain enough confidence on such time frames and besides, why hold throughout all the pullbacks? we can never be sure how deep they can be... months of profits can be wiped out in a couple of weeks of an unforeseen corrective move.
Imo, there is absolutely no chance of such a disproportionate set of waves and i believe the downmove was complete at it's low in March 2015.
Whatever it is printing now, is far more likely to be a complete X wave of a degree. The biggest single mistake Ew'ers make is trying to label everything impulsively, whereas in reality there are 3w sets everywhere.
Have a quick look at this chart for the EU 2x daily;
Here we can see that the downmove was in 3w with the c wave being exactly 161.8% of wave a.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
- #7,800
- Jan 14, 2017 6:24am Jan 14, 2017 6:24am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
But why the long time frame???! If you get a trade away, what is your Risk:Reward ratio and how long will it take to achieve?!
Maybe you are chasing a 3 bagger for your money over several months time frame, but you can find those intraday and when EW is far more accurate.
Here's an example on the UJ from earlier this week;
'b' waves will often retrace a fib level of 'a' whereas X waves retrace a fib of the prior 3 wave set. The easiest to identify is when it retraces 61.8% of the first abc set, then you get two bites of the cherry for wave a & again for wave c...
and why target of 11,606? So we pan out to a larger time frame to keep an eye on the bigger picture;
and find that the move was just a larger X wave retracing 61.8% of the previous long cycle. That was a 3 bagger in 25 minutes.
Maybe you are chasing a 3 bagger for your money over several months time frame, but you can find those intraday and when EW is far more accurate.
Here's an example on the UJ from earlier this week;
'b' waves will often retrace a fib level of 'a' whereas X waves retrace a fib of the prior 3 wave set. The easiest to identify is when it retraces 61.8% of the first abc set, then you get two bites of the cherry for wave a & again for wave c...
and why target of 11,606? So we pan out to a larger time frame to keep an eye on the bigger picture;
and find that the move was just a larger X wave retracing 61.8% of the previous long cycle. That was a 3 bagger in 25 minutes.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)