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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #22,801
  • Apr 16, 2017 2:41am Apr 16, 2017 2:41am
Back to the indices:

Did the US funds sold expensive US stocks and bought "cheap" medium size German stocks ?

Sixer
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  • #22,802
  • Apr 16, 2017 5:25pm Apr 16, 2017 5:25pm
INFY,

in nov-2016 i made projection for USDx long-term path... is it possible according to EW ? ... what do you think ?
coz it seem USDx gave a hint in advance that major event might take place within 1-3 month this year

Quoting andexQ
{quote} USD right at monthly resistance.. USDx - monthly {image}
  • #22,803
  • Apr 17, 2017 1:01am Apr 17, 2017 1:01am
Quoting andexQ
INFY, in nov-2016 i made projection for USDx long-term path... is it possible according to EW ? ... what do you think ? coz it seem USDx gave a hint in advance that major event might take place within 1-3 month this year {quote}

Hi AndexQ,

from an EW point of view both path are possible.

In case of the USDX to decline as shown in your picture, we were now in a C-wave impulse up of a broader B-wave up (flat). All of that consolidation is part of a wave 4 action. So after finalisation of that B-wave up, we should see a movement to the south.

Also we can find various EW scenarios that would support the case that USDX will march north in order to build the wave 5

USDX is at 58% bulls, so can go either way.

The structure of the recent movement higher from the 92 low does not seem to be finished.


All in all I would go with the scenario, where the wave 4 is finished and we are now in a wave 5 up (your scenario with the arrow up).

The crux here is: it is hard to say, if the wave 5 has now build a 1-2 or if it has reached 1-2-3-now in 4

It all depends on how one reads the last major wave 4. When the wave 4 is an ABC, then we are most likely in 1-2-3-now 4

If the major 4 was a triangle, then we have a finished impulse up, which may subwave 1 of wave 5 (and are now in subwave 2 action). And the problem here is, that the major wave 1 and the major wave 5 are now nearly equal long.


So really hard to say what will happen next. Not the best place for the faint of heart.
  • #22,804
  • Apr 17, 2017 1:02am Apr 17, 2017 1:02am
Quoting Sixer
Back to the indices: Did the US funds sold expensive US stocks and bought "cheap" medium size German stocks ? Sixer {image} {image} {image}

interesting question......
  • #22,805
  • Apr 17, 2017 1:19am Apr 17, 2017 1:19am
The next main move of the EURUSD will be upwards - so, there will be huge currency profits for the US-$ investors.

Sixer
  • #22,806
  • Apr 17, 2017 1:55am Apr 17, 2017 1:55am
Ok, thanks frenz..
  • #22,807
  • Apr 17, 2017 4:15am Apr 17, 2017 4:15am
Indicates the CPCE chart again a low of the stock market ?

Sixer
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  • #22,808
  • Apr 17, 2017 5:42am Apr 17, 2017 5:42am
Quoting Sixer
The next main move of the EURUSD will be upwards - so, there will be huge currency profits for the US-$ investors. Sixer

that was a very good call
  • #22,809
  • Apr 17, 2017 6:14am Apr 17, 2017 6:14am
Quoting Sixer
Indicates the CPCE chart again a low of the stock market ? Sixer {image} {image}
i think SPX is bearish, might go to 2250/2275 it seem..
  • #22,810
  • Edited 8:43pm Apr 17, 2017 8:29pm | Edited 8:43pm
GOLD .. testing long-term resistance


Monthly
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Daily
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  • #22,811
  • Edited 2:52am Apr 19, 2017 2:28am | Edited 2:52am
EURUSD (90 min) elliott intraday update from the Free EWI week.

Sixer

Edit:
For comparison the bigger picture (Delta Cycle count) with 60 min data too.
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Attached Image
  • #22,812
  • Apr 19, 2017 7:05am Apr 19, 2017 7:05am
https://www.c-span.org/video/?c46427...ions-elections

Senator Thom Tillis: 81 US interventions in elections Senator Thom Tillis: There have been 81 US interventions in other countries' elections, not counting coups and military interventions
  • #22,813
  • Apr 19, 2017 8:32am Apr 19, 2017 8:32am
Quoting Sixer
EURUSD (90 min) elliott intraday update from the Free EWI week. Sixer Edit: For comparison the bigger picture (Delta Cycle count) with 60 min data too. {image} {image}

Hi Sixer,

interesting is the leading diagonal wave red 1

Normally EWP expects the wave 2 to retrace very deep, when I remind correctly at least around 80%

In the past months I have observed some LD's, that retraced hardly below their wave 4 or the centre of the wave 4

So either the "guideline/rule" is based on too few observations, or we are dealing this time with rather an ABC-x-ABC etc variant than with a LD
  • #22,814
  • Apr 19, 2017 1:00pm Apr 19, 2017 1:00pm
Your observations are correct. This implies that the EWI count for the bigger picture is not correct.
See my proposal.

Sixer
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  • #22,815
  • Apr 19, 2017 6:06pm Apr 19, 2017 6:06pm
Quoting infinitus
{quote} Hi Sixer, interesting is the leading diagonal wave red 1 Normally EWP expects the wave 2 to retrace very deep, when I remind correctly at least around 80% In the past months I have observed some LD's, that retraced hardly below their wave 4 or the centre of the wave 4 So either the "guideline/rule" is based on too few observations, or we are dealing this time with rather an ABC-x-ABC etc variant than with a LD

just found the guideline for the wave 2 after a Leading diagonal: "typically followed by a zigzag retracement of 78,6% (see attached picture)

OK, the supposed to be wave 2 looks like a zigzag, but the retracement was only around 52%


Some of the EWP guidelines one has to take with great caution, because the stated numbers may partly only reflect very limited observations.

From now on I will collect data from leading diagonals every time I see one. Would be nice when some of you can point me to Leading diagonals when you also see them......
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  • #22,816
  • Apr 22, 2017 11:20am Apr 22, 2017 11:20am
U/J ... in the MID of last LL/HH.

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  • #22,817
  • Apr 22, 2017 11:34am Apr 22, 2017 11:34am
E/U ... stll hold double bottom..1.049x.
Also near mid..

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  • #22,818
  • Apr 23, 2017 9:43am Apr 23, 2017 9:43am
Quoting infinitus
{quote} just found the guideline for the wave 2 after a Leading diagonal: "typically followed by a zigzag retracement of 78,6% (see attached picture) OK, the supposed to be wave 2 looks like a zigzag, but the retracement was only around 52% Some of the EWP guidelines one has to take with great caution, because the stated numbers may partly only reflect very limited observations. From now on I will collect data from leading diagonals every time I see one. Would be nice when some of you can point me to Leading diagonals when you also see them.........
Can you tell the book´s name, please.
Best regards
  • #22,819
  • Apr 23, 2017 2:17pm Apr 23, 2017 2:17pm
Bob Prechter Warns Market Correction "Larger Than The Malaise Of The '30s" Looms
http://www.zerohedge.com/sites/defau...23_elliott.jpg
"Because people do not perceive their moods, tops and bottoms in markets sneak right past them. At the top, people will love the market, and events and conditions will provide them with ample bases for rationalizing being heavily invested... the degree of the corrective wave will be larger than that which created the malaise of the 1930s and 1940s."
  • #22,820
  • Apr 23, 2017 2:20pm Apr 23, 2017 2:20pm
Quoting jjibl
{quote} Can you tell the books name, please. Best regards

That is the bible of every Elliottican:

Elliott Wave Principle (Frost Prechter, Elliott)

You can read the online version of it for free, when you go to elliottwave.com. There you register for free for their "Club EWI". It will you cost nothing. Then you have access.
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