Attachments: Elliott Wave Trading

Elliott Wave Trading

#8,421
Apr 25, 2017 7:28am Apr 25, 2017 7:28am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

A multi-years expanding diagonal c red on EURCAD Daily TF.
Potentially long-term bear from here on a 3rd wave 3 yellow - watching USDCAD at the same time.

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Name: EURCAD 25Apr17.png
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Elliott Wave for optimum entry, exit and risk management of trades

#8,422
Apr 25, 2017 11:47pm Apr 25, 2017 11:47pm

aalperbk
Joined Mar 2017 | Status: Trader | 419 Posts

XAUUSD

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#8,423
Edited 7:32am Apr 26, 2017 4:54am | Edited 7:32am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

A downward impulse wave c orange has been developing since January 2016 top.
Now at a potential completion of correction 4 yellow with an ending diagonal c yellow.
If this pair does not breach 1.3639, will see resumption of long-term down trend on wave 5 yellow towards 1.1540.

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Name: USDCAD 26Apr17.png
Size: 97 KB

Correlating with bearish outlook of other xxxCAD pairs, such as EURCAD.

Quoting skyhok

Disliked

A multi-years expanding diagonal c red on EURCAD Daily TF. Potentially long-term bear from here on a 3rd wave 3 yellow - watching USDCAD at the same time. {image}

Ignored

Elliott Wave for optimum entry, exit and risk management of trades

#8,424
Apr 26, 2017 9:55pm Apr 26, 2017 9:55pm

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting skyhok

Disliked

A downward impulse wave c orange has been developing since January 2016 top. Now at a potential completion of correction 4 yellow with an ending diagonal c yellow. If this pair does not breach 1.3639, will see resumption of long-term down trend on wave 5 yellow towards 1.1540. {image} Correlating with bearish outlook of other xxxCAD pairs, such as EURCAD. {quote}

Ignored

USDCAD 27.4.17 update :
https://i.gyazo.com/26f8d8898616ccc7...9bee842e88.png
https://i.gyazo.com/be13655e2369a0d9...fe7909b6bd.png

Elliott Wave for optimum entry, exit and risk management of trades

#8,425
Apr 27, 2017 1:37am Apr 27, 2017 1:37am

aalperbk
Joined Mar 2017 | Status: Trader | 419 Posts

CRUDE OIL

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#8,426
Edited 4:39am Apr 29, 2017 3:28am | Edited 4:39am

paulselvan
Joined Jul 2013 | Status: Trader | 328 Posts

Quoting infinitus

Disliked

Bob Prechter Warns Market Correction "Larger Than The Malaise Of The '30s" Looms {image} "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."...

Ignored

For the record,Tom DeMark had also forecasted collapse 3 years ago !
On Feb 2014, he compared the market to that preceding the Black Friday crash in 1929.
(article)

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#8,427
Apr 30, 2017 10:08am Apr 30, 2017 10:08am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting paulselvan

Disliked

{quote} For the record,Tom DeMark had also forecasted collapse 3 years ago ! On Feb 2014, he compared the market to that preceding the Black Friday crash in 1929. (article) {image}

Ignored

Problem with all that is actually this:

Hedge Fund CIO: What Central Banks Have Done Is "Stunning, Unprecedented"

As far as I am concerned, I have underestimated the blatant manipulations of the CB's severly

#8,428
Apr 30, 2017 2:46pm Apr 30, 2017 2:46pm