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Thread: Elliott Wave Trading Discussion

  1. #44311
    stanchiam is offline Banned
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    eu daily wave count, could extend drop, but buy on dip preferred now
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  2. #44312
    stanchiam is offline Banned
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    zoom into hourly, can be counted as ABC up
    if this is end of w4 of iii...hmmm
    anyway, buy on dip preferred but short is in for now
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-sp32-20120126-215450.jpg  

    Last edited by stanchiam; 01-26-2012 at 09:02 AM.

  3. #44313
    aerocom is offline Moderator
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    Quote Originally Posted by pacos View Post
    As expected , the apex of a neutral triangle with reverse alternation in wave D has provided strong support sending the pair towards 1.39-1.40 level. An excellent opportunity to go long will briefly appear when price goes back to 1.2750-1.2830
    Paco;

    You have some interesting geometric shapes in your analysis. But, based on the labeling in this chart, how did you come to the conclusion that we are in a triangle? The basic premise of triangle analysis is that a line drawn from point A to point c should converge with a line drawn from point b to point d.

    Thanks in advance.

    Good Luck.

  4. #44314
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    Quote Originally Posted by aerocom View Post
    Paco;

    You have some interesting geometric shapes in your analysis. But, based on the labeling in this chart, how did you come to the conclusion that we are in a triangle? The basic premise of triangle analysis is that a line drawn from point A to point c should converge with a line drawn from point b to point d.

    Thanks in advance.

    Good Luck.
    aero,

    I believe you're talking about a triangle in wave E. First of all, wave b takes less time than wave a. Accordingly to neowave, it is only possible in triangles and in diametrical/symmetrical formations. Moreover, wave c is not impulsive this fact rules out both flat and zz in wave E. Taking into the account that wave c is larger than wave a I've come to conclusion that the neutral triangle (c>a,e) is unfolding in wave E. In neutral triangles the baselines are connecting the ends of A/E and B/D. Another possibility would be an expanding triangle (e>c>a), but the wave count on larger TF doesn't allow the appearance of expanding triangle in the last leg of a higher order contracting triangle.

  5. #44315
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    Eur/Usd
    ------------------
    Wavecount
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eur-usd-1-20-12-pg1.jpg  

    Elliott Wave Trading Discussion-eur-usd-1-23-12-pg1.jpg  


  6. #44316
    aerocom is offline Moderator
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    Quote Originally Posted by pacos View Post
    aero,

    I believe you're talking about a triangle in wave E. First of all, wave b takes less time than wave a. Accordingly to neowave, it is only possible in triangles and in diametrical/symmetrical formations. Moreover, wave c is not impulsive this fact rules out both flat and zz in wave E. Taking into the account that wave c is larger than wave a I've come to conclusion that the neutral triangle (c>a,e) is unfolding in wave E. In neutral triangles the baselines are connecting the ends of A/E and B/D. Another possibility would be an expanding triangle (e>c>a), but the wave count on larger TF doesn't allow the appearance of expanding triangle in the last leg of a higher order contracting triangle.
    Thanks for the explanation. I appreciate the response. Is the neutral in his book?

    Good Luck.

  7. #44317
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    Eur$

    Here is my recounted chart. I think it is an A wave of E. You will notice in this count, the wave ended near the top of wave iv. The correction should travel to the range of wave 4 of 1 lesser degree which would be in line with my estimates on yesterday of 3215-3550.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eur-01-26-12.jpg  

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  8. #44318
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    Eur/Usd
    ---------------------
    Probable Wave-count
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eur-usd-1-25-12-pg2.jpg  

    Elliott Wave Trading Discussion-eur-usd-1-25-12-pg1.jpg  


  9. #44319
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    Eur/Usd
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    Chart Update :
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eur-usd-1-26-12-pg1.jpg  

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  10. #44320
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    Quote Originally Posted by aerocom View Post
    Thanks for the explanation. I appreciate the response. Is the neutral in his book?

    Good Luck.
    you're welcome! no, the neutral one is not in his book. it's one of the neowave type formations. you can gather some information about neowave from Neely's website (see "question of the week").

  11. #44321
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    Quote Originally Posted by pacos View Post
    you're welcome! no, the neutral one is not in his book. it's one of the neowave type formations. you can gather some information about neowave from Neely's website (see "question of the week").
    That is an interesting concept Pacos. Help me out understanding that I just heard of it today but, as I read it, In order for a triangle of any type to occur, wave b has to take less time than a. Here, wave b is 5 times the time of a. He also states that a triangle only occurs in wave c or e. In Prechter's book, the triangle should mimic the larger triangle. In my wave d, your wave e the triangle broke to the down side.

    Is Neely contradictory? If the market is truly fractal the smaller version of the triangle should look like the larger version. What is your view? Thanks.

    Good Luck.

  12. #44322
    stanchiam is offline Banned
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    aud

    aud perhaps another leg up to complete wave count before a change in trend
    should coincide with a move up in euaud

    however fundamentally, cannot find any reason for a massive strengthening of the usd besides european crisis causing a spark
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    Last edited by stanchiam; 01-26-2012 at 09:02 PM.

  13. #44323
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    interesting move for gu

    since a corrective move from a steep w3 decline
    the drop seems to be developing into leading diagonal
    if this count is right, then after the corrective w2 of 5 completes
    then start of w3 of 5 will begin
    Good luck
    daily and 4hr zoom in
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-sp32-20120127-101442.jpg  

    Elliott Wave Trading Discussion-sp32-20120127-101633.jpg  


  14. #44324
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    perhaps a move towards 1.6 to complete gu
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  15. #44325
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    euraud ea could be doing a complex w4 of 5
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