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Elliott Wave Trading

  • #8,581
  • Jun 13, 2017 5:12am Jun 13, 2017 5:12am
UC D : retracement 2 while sellers will take their profits ?
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  • #8,582
  • Jun 15, 2017 2:06am Jun 15, 2017 2:06am
skyhok,

the development since our last discussion about the EURUSD price pattern forced me to change my count for the big picture.

The Long Term cycle High (L-5 = wave "W" of "IV") was at the 23rd of may already and since than a irregular flat (L-6 Low = Wave "X") is developing.
As you can see, i assume two additional turning points in the Intermediate Cycle (I-(10) and I-(1) blue) too.

This outlook could lead to a higher price target for Wave "Y" (1.20) instead of 1.1630 previously.

Sixer
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  • #8,583
  • Jun 15, 2017 2:38am Jun 15, 2017 2:38am
first chart -- AUD/NZD 1h -- (B) wave low worked well for the move up. It started correctively for (A), so suggests this whole move will reverse in the future.

second & third -- USD/CAD 4h -- two variations on the counts. Cannot yet rule out that this is wave iv of the move for one more low. However having been short since 1.3750, I am expecting a larger bounce whether now or after one more slight low.
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  • #8,584
  • Jun 15, 2017 2:40am Jun 15, 2017 2:40am
USD/JPY daily -- is open to a bullish move here so long as the 17 April low holds. For now the wedge looks bullish. Alternatively, a break of 17 April will suggest a larger correction, still bullish overall.
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  • #8,585
  • Jun 15, 2017 10:37am Jun 15, 2017 10:37am
EUR/JPY, daily and 4h charts below. Corrective pattern following a 5 wave impulse. Buy on breakout of local resistance.
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  • #8,586
  • Jun 15, 2017 11:30am Jun 15, 2017 11:30am
Quoting SenexFX
USD/JPY daily -- is open to a bullish move here so long as the 17 April low holds. For now the wedge looks bullish. Alternatively, a break of 17 April will suggest a larger correction, still bullish overall. {image}
thanks for sharing
  • #8,587
  • Jun 16, 2017 2:42pm Jun 16, 2017 2:42pm
GBPJPY
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Lord Forex
  • #8,588
  • Jun 16, 2017 4:25pm Jun 16, 2017 4:25pm
NZDCHF look for break out.
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Lord Forex
  • #8,589
  • Jun 16, 2017 4:58pm Jun 16, 2017 4:58pm
EURUSD
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Lord Forex
  • #8,590
  • Jun 16, 2017 10:28pm Jun 16, 2017 10:28pm
is there a reason i see a number of you guys like AO vs MACD - i am guessing you use for momentum/divergence - i use macd just wondering difference with AO??
Wave-Trader- Charts as DocHolliday on Tradingview also
  • #8,591
  • Jun 18, 2017 3:07am Jun 18, 2017 3:07am
Here is, additionally to my post #8582 which shows the EURUSD, the Delta cycle count of the Dollar Index since the end of 2016.
Both have finished wave "W" (green).

Sixer
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  • #8,592
  • Edited Jun 19, 2017 2:10am Jun 18, 2017 4:20pm | Edited Jun 19, 2017 2:10am
Quoting Mzwandile93
USDCHF. {image}
GFI.
  • #8,593
  • Edited 6:49am Jun 20, 2017 6:04am | Edited 6:49am
Quoting Sixer
skyhok, the development since our last discussion about the EURUSD price pattern forced me to change my count for the big picture. The Long Term cycle High (L-5 = wave "W" of "IV") was at the 23rd of may already and since than a irregular flat (L-6 Low = Wave "X") is developing. As you can see, i assume two additional turning points in the Intermediate Cycle (I-(10) and I-(1) blue) too. This outlook could lead to a higher price target for Wave "Y" (1.20) instead of 1.1630 previously. Sixer {image}
Yes, it's been forming an irregular flat since 23 May as a wave [4].

As wave count takes more significance than any other criteria, an impulse wave c yellow has been developing since 10 April low & treating it as an impulse wave:

Since this impulse wave c has an extended 3rd wave [3], wave [4] will retrace deep towards bottom of minor (4) before advancing on [5] towards new high.

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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,594
  • Jun 26, 2017 6:36pm Jun 26, 2017 6:36pm
EURUSD update and selling
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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,595
  • Jun 27, 2017 9:49am Jun 27, 2017 9:49am
skyhok,

any count update after the rise about 1.13 ??

Sixer
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  • #8,596
  • Edited Jun 28, 2017 12:02am Jun 27, 2017 11:23pm | Edited Jun 28, 2017 12:02am
Quoting Sixer
skyhok, any count update after the rise about 1.13 ?? Sixer {image}
Stopped out on previous wave count.

It's close to either invalidation of ED wave count or major turning Point.

Waiting for either revising wave count or setting sell stops.

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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,597
  • Jun 28, 2017 4:03am Jun 28, 2017 4:03am
EURUSD
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Lord Forex
  • #8,598
  • Jun 29, 2017 2:46am Jun 29, 2017 2:46am
As an alternative count on EURUSD
if it is a complex corection (a)(bx)(c), then it has to retrace to purple box
but
if it is an impulse, PA has to touch or exceed level 1.147685 and never can be retraced to 1.075927

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I Can be What I Will to be
  • #8,599
  • Jun 29, 2017 3:04am Jun 29, 2017 3:04am
Anyone has any count on e/j. Thanks in advance!
  • #8,600
  • Jul 1, 2017 4:57pm Jul 1, 2017 4:57pm
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