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04-02-2012, 11:52 PM #44851
Originally Posted by xtura
Here are a some other counts that bear watching. If the black count is in play, C and A of c are equal at 8964.
04-03-2012, 12:35 AM #44852
I posted this count on 3-25. I still think it should come in below 1.3600 and likely between 3500 and 3550.
Originally Posted by 2_bits
04-03-2012, 01:05 AM #44853
the red alternate count could very be the correct count as there are no clear 5 wave and look more like 3 wave near the end
if so, the a new high will come before the hard fall
04-03-2012, 07:35 AM #44854
EURUSD H4 - 03 April 2012
If it cannot break the last week high, this is my count. I try to avoid using too many WXYXZ unless if it is needed because it will limit my trading. I need to try it out at first encounter. If it breaks the set point, then use X and Y. Wrong it should be 1, 2, 3 ,4 ,5.(1) then a, b and c (2)
Last edited by JoeyLee; 04-03-2012 at 07:39 AM.
04-03-2012, 07:49 AM #44855
EURUSD H4 - 03 April 2012
Sorry wrong marking. It should be 1,2,3,4,5 (Blue 1) and ABC (Blue 2). I have entered at the highest point yesterday. Hopefully it will stay. No guarantee due to today daily bar. It does not show a long body but with long tail.
04-03-2012, 07:54 AM #44856
I'm agree with u. My count is the same
04-03-2012, 08:28 AM #44857
Thank you. USDCAD is forming a larger degree of expanding diagonal in H4. 0.99 is the price it cannot penetrate downward.
04-03-2012, 08:31 AM #44858
As visible on this chart above the swiss franc has advanced in an ABC from the 1985 low. The two possible counts from the all time low visible on this chart are stated above. I happen to favor the W-X-Y count as visible above, either or the upcoming decline on the swiss franc will prove to be a multi year perhaps even decade decline.
Above is the USDCHF chart which is basically the inverse of the first chart posted. The evidence of a turn is very clear as visible on the image
The above image takes a look at the decline post the wave (1) high it seems possible that the A-B-C decline could be complete. ALT count is that the decline from the wave B is only the first leg of the C wave decline however the diagonal triangle 5th wave would suggest that this C wave would most likely Not extend further. I would like to stress that we are only at the 23.6% retracement of the 2011 advance, hence this whole A-B-C decline could be only a part of the correction rather than the whole. If not already long this pair I would suggest waiting for a 5 wave advance.
P.S. I caught a cold last night, wont be able to post much updates today.
04-03-2012, 09:37 AM #44859
lot of different counts in here......
A trader once said to me ' its easy you just got to be able to cont to 5 '
or is it 9 ??
Take your profits or the market will take it from you....
04-03-2012, 10:07 AM #44860
Originally Posted by Traderfringez
Thank you for the post. Hope you feel better, real soon.
04-03-2012, 05:46 PM #44861
In My first GBP post i stated a 5 wave move and that i was expecting a correcton after that .
So far we are in great territorry . looking to capitalize in a 4th wave.
04-03-2012, 09:33 PM #44862
04-03-2012, 09:40 PM #44863
04-03-2012, 09:50 PM #44864
As I posted earlier. USDCHF shows a great signal thrusting upward. The current USDCHF WXY structure end already. I have entered yesterday at the bottom. No guarantee on that. It might come down and form another Z. Thus I entered at 2nd attempt. EURUSD might have to move upward during the Non-Farm Employment Change news and that is the end of Blue 1. We will see the on the Non Farm Employment. Fibonacci 61.8% is quite tough to use. Too many places we can mark 61.8 % as refers to Giant report about eurusd in peacearmy.com. I never practice using the 61.8%. It will get me confuse. Elliot wave is the best plus the emotion of the market. Yuppe..
04-03-2012, 11:08 PM #44865
agree joey, since eurchf is fixed and unable to close below 1.2, by looking at usdchf can determine if eurusd is going up or down
Last edited by stanchiam; 04-04-2012 at 12:59 AM.
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