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Thread: Elliott Wave Trading Discussion

  1. #44671
    stanchiam is offline Banned
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    Quote Originally Posted by szaman1977 View Post
    it's also possible that on your Y is A. there are some other things which want to confirm it - SPX is in w4, oil seems be in correction also.

    GBPUSD from low made clear 5 waves and now it can be in flat B wave
    possible but after looking at my dx chart and usdjpy, i am sticking to my count

  2. #44672
    aerocom is offline Moderator
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    Quote Originally Posted by stanchiam View Post
    would love that to be a w3 drop, but i have another view
    on the bigger picture
    While I agree with your view and count, my chart is weekly. This position was debated here some time ago but, I keep coming back to it as the logical choice. That being said, a correction would give a better opportunity to enter for a long term hold or iii of 3 of 1 of 3 down.

    Good Luck.

  3. #44673
    aerocom is offline Moderator
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    Quote Originally Posted by stanchiam View Post
    possible but after looking at my dx chart and usdjpy, i am sticking to my count
    I also like your dollar view.

    Good Luck.

  4. #44674
    joeziqi is offline Registered User
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    use Elliott Wave chart to set up a trade MAR 7

    we have found USD/CHF pair 4hr chart from bottom up,form a 5 waves(purple i-v),now it

    alreay have one leg down(purple a),and after finish purple b,we might see purple c

    down.and if we go 30min chart,we might see one of the leg black a of 4hr chart purple b is

    forming.we gonna watch 0.9122-0.9127 and even 0.9101 can become a support to be the 4th

    wave.and we can go from there.

    usd/cad already finished black wave 1,where is balck wave 2?


  5. #44675
    Auditt05 is offline Member
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    Hello,

    Has anyone got a 4Hours or Daily count on the USD/JPY?

    Thanks in advance...
    please do not place links to other sites in your signature as this violates forum rules. Thanks

  6. #44676
    iceoverflow's Avatar
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    MY USD/JPY count

    Quote Originally Posted by Auditt05 View Post
    Hello,

    Has anyone got a 4Hours or Daily count on the USD/JPY?

    Thanks in advance...
    It is possible that the larger 1-2 on my chart is a 3-4 which would make for an 83-83.5 target. I am looking for a wave iii at 82.9 on the current move.
    Elliott Wave Trading Discussion-usdjpy_1h_030912.jpg

  7. #44677
    JimboFX's Avatar
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    Quote Originally Posted by iceoverflow View Post
    It is possible that the larger 1-2 on my chart is a 3-4 which would make for an 83-83.5 target...
    I think 3-4 is more likely. Oh, and by the way that last move as wave 5 should complete wave c of bigger IV. Then down she goes.....
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-yen-3-9.jpg  


  8. #44678
    iceoverflow's Avatar
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    Quote Originally Posted by JimboFX View Post
    I think 3-4 is more likely. Oh, and by the way that last move as wave 5 should complete wave c of bigger IV. Then down she goes.....
    My current count of the 1-2 assumes a truncated fifth where you have labeled b and if it is a 3-4 and currently in a fifth then a 1 is where you have labeled a and a 2 would be where you have labeled b. I feel that usd/jpy has seen its low, but of course only time will tell.

  9. #44679
    Auditt05 is offline Member
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    Quote Originally Posted by iceoverflow View Post
    It is possible that the larger 1-2 on my chart is a 3-4 which would make for an 83-83.5 target. I am looking for a wave iii at 82.9 on the current move.
    Click image for larger version. 

Name:	USDJPY_1h_030912.jpg 
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ID:	117195
    Thanks... I was aiming for higher than 85 though
    please do not place links to other sites in your signature as this violates forum rules. Thanks

  10. #44680
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    Quote Originally Posted by iceoverflow View Post
    My current count of the 1-2 assumes a truncated fifth where you have labeled b and if it is a 3-4 and currently in a fifth then a 1 is where you have labeled a and a 2 would be where you have labeled b. I feel that usd/jpy has seen its low, but of course only time will tell.
    I agree that it has found its low. It reached a 16.5 year and 33-year cycle low at 75.57 which was a 38.2% projection in Wave (v).



    Oops... just seen the label at the 75.257 low - another Wave (b) when it should be Wave (c)... of Wave (v)...

    The Wave iv of Wave (c) of Wave (v) was at 85.52 so that should be the first stop. The Wave (b) of Wave (v) was at 114.65 which is where it should normally move to but it was so brief that Neely's 124 target is possible.
    Auditt05 and aerocom like this.

  11. #44681
    aerocom is offline Moderator
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    USdJpy

    I am counting the end as a diagonal wave 5. Diagonals are completely retraced. At the very least you should expect a retrace near the beginning of wave 2. If this is indeed a diagonal, price should retrace fairly quickly to the 95 to 101 area before a correction then as the diagonal is an ending and price should go higher.

    I am adding that Ian's count of an A-B-C is probably the correct count as wave C is, according to my measurement is 105% of A. As this is a common ratio, I agree with him that price is not likely to make a new low. Wave C is also in this case 105% of the width of the triangle when measured from the end of wave E.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-usdjpy-03-09-12.jpg  

    Last edited by aerocom; 03-10-2012 at 11:19 PM.
    Auditt05 and jogold18 like this.

  12. #44682
    joeziqi is offline Registered User
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    use Elliott Wave chart to set up a trade MAR 11

    from USD/CHF pair 4hr chart.we have 2 other 30min charts.
    my perfer chart is from unfinished purple wave a,we have seen 5wave up to a black wave

    a.and then the pull back might have 2 differrent way(balck b? or flat b?),this need

    patient to watch.

    second count is still from last week.purple a up a 5 wave and black wave 5 is on the way

    and might go 0.9240 range to become a black a.

    trading chance might come very soon.



  13. #44683
    aerocom is offline Moderator
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    Here is what I think is going on in the DJFXCM dollar index. Slightly higher in wave v of 1 then wave2 either sideways or slightly down to retest the triangle break.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-usd-03-09-12.jpg  


  14. #44684
    stanchiam is offline Banned
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    Quote Originally Posted by aerocom View Post
    Looks like reversal is getting underway. Look for about 600p in a wave 5.

    Good Luck.
    Quote Originally Posted by stanchiam View Post
    nice but....

    is it started with 3 wave or 5 wave?
    how about 600p up later?
    bull flag or bear u decide
    cheers.
    ps: my count is AB, not 12, label wrongly
    seems like move up now, not 600p down in a wave 5
    now possible that phase 3 mode in force else another 3 wave drop to complete wave e

    Quote Originally Posted by FX-Forecaster.com View Post
    To be honest, I've never heard of "us dollar" ... and certainly I don't have the data... I can say that the Dollar Index is very different... and still bearish...
    us dollar show a different perspective and i agree dollar index is still bearish but it can still go up impulsively

    Cheers
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-sp32-20120312-123105.jpg  

    Last edited by stanchiam; 03-12-2012 at 01:23 AM.

  15. #44685
    aerocom is offline Moderator
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    Quote Originally Posted by stanchiam View Post
    seems like move up now, not 600p down in a wave 5
    now possible that phase 3 mode in force else another 3 wave drop to complete wave e


    us dollar show a different perspective and i agree dollar index is still bearish but it can still go up impulsively

    Cheers
    When I post a count it is what I think at the time. The count I posted yesterday is bullish US dollar based on DJFXCM $ index. I do think the top is likely in and a sideways to down consolidation move will occur over this week and possibly next.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-usd-03-09-12.jpg  


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