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Thread: Elliott Wave Trading Discussion

  1. #44941
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    Quote Originally Posted by JoeyLee View Post
    Elliot wave has a very big weakness that I found out last year on S&P 500. I face a lot of overcount and less count problems from those Pro. Thus I added something to Elliot wave principle to make a correct analysis. Wave can be truncated anytime that it is totally not follow to the elliot principle !!
    I suppose your overcount is referring to the overlap rule of wave 4 and 1, Things havent been as clear lately due to the very low volume is is to be expected as this move is terminating a second wave, view SPX counts on my blog

  2. #44942
    stanchiam is offline Banned
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    Quote Originally Posted by Traderfringez View Post


    it seems evident that the correction subdivided into a flat as anticipated earliar, Notice how the 5th wave of the C wave is struggling to move higher which is nicely reflected on the MACD. I'd suggest going short at a close bellow the monthly central pivot at 1.5885

    Regards,
    Ahmed Farghaly
    nice count, corrective waves can be counted in many ways, here is mine
    cheers
    รูป รูป  

  3. #44943
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    Quote Originally Posted by stanchiam View Post
    nice count, corrective waves can be counted in many ways, here is mine
    cheers
    updated, still proceeding
    รูป รูป  
    xtura likes this.

  4. #44944
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  5. #44945
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    Question EURUSD M15 - 13 April 2012

    Bear is not so strong. Cannot stay in this way. Wait for a big news to break the expanding diagonal. I short it.
    Last edited by JoeyLee; 04-13-2012 at 04:45 AM.

  6. #44946
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    Quote Originally Posted by JoeyLee View Post
    Bearish is not so strong. Moving sideway.
    Wave 2 complete yesterday, now is time to come of bears, and I think the down will be very fast

  7. #44947
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    Quote Originally Posted by didoda View Post
    Wave 2 complete yesterday, now is time to come of bears, and I think the down will be very fast
    It is not yet complete but most people short it because Greece in the election process. I also short it too. Sometimes need to take the risk too. Yupee

  8. #44948
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    As long as above 1.2960.

    Zig-Zag (WXY) probably finished.

    "C" can be XX for Double Correction.

    What do you think.

    Cannot attach chart using attachment here? so here is the link.



    Elliot wave, Harmonic And Ichimoku in CHINESE STYLE - Page 487 @ Forex Factory
    Last edited by RAZA; 04-13-2012 at 01:31 PM.

  9. #44949
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    Quote Originally Posted by RAZA View Post
    As long as above 1.2960.

    Zig-Zag (WXY) probably finished.

    "C" can be XX for Double Correction.

    What do you think.

    Cannot attach chart using attachment here? so here is the link.



    Elliot wave, Harmonic And Ichimoku in CHINESE STYLE - Page 487 @ Forex Factory
    possible but highly unlikely, by monday, that low will be taken out

  10. #44950
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    Quote Originally Posted by xtura View Post
    Really impressed of your analysis guys. Learning massively on your different views and thoughts. Thank you all.

    I would like to share with you a count on Apple, as trying to understand better mass psychology, seems interesting to count a big impulse.



    Uploaded with ImageShack.us

    In this count wave 3 is 2.618 the length of wave 1. Wave iii purple is 2.618 the length of wave i purple. Wave v purple is the extended wave of the extended 3. If this last movement is and Ending diagonal will be a beauty.

    xtura


    Stan, where is your 4th?

  11. #44951
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    Miss you

    Just to say, I miss you Colly, Eska, Ayo.... and many others (in no particular order) for sharing their knowledge about EW here and thanks also Alejandro, pip'n'greg and DailyFX to bring a platform to catalyze all this wisdom together.

    Have a nice weekend and Good luck!

  12. #44952
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    Quote Originally Posted by brad_1199 View Post
    I agree... Still higher for EUR/USD... I am holding long from 1.3100 looking for a 1.3700 target... But would not be surprised to see it go higher...
    I am out of this trade at break even... However, I am still longer term bullish EUR/USD and expect a large bottom to carve out over the next several months followed by a rally back into the 1.4000's
    Last edited by brad_1199; 04-13-2012 at 09:48 PM.

  13. #44953
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    EUR/USD Multi Month Projection

    The EUR/USD monthly chart finds itself stuck between a monster bear trend, and major support....

    A close look at the monthly chart shows we have substantial bullish trend line support coming up over the next few months which also happens to coincide with major fib support at 1.2639

    Market favors long positions as close to 1.2639 as possible with stops not far below....

    I have drawn grey and orange candles to show where I believe the market will move from present...

    Keep in mind each candle represents one month of price action...



    Last edited by brad_1199; 04-13-2012 at 10:07 PM.
    Vitalij, xtura and Ikee like this.

  14. #44954
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    Quote Originally Posted by brad_1199 View Post
    The EUR/USD monthly chart finds itself stuck between a monster bear trend, and major support....
    I'm glad to share with you the view. When I grow I would like to be like you. Man, I love your long term trades!!! Thank you brad!!!

    El más largo plazo del ÍBEX35. - Página 12 - Foros de Bolsa: Foro de DIAS DE BOLSA

  15. #44955
    aerocom is offline Moderator
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    Quote Originally Posted by brad_1199 View Post
    The EUR/USD monthly chart finds itself stuck between a monster bear trend, and major support....

    A close look at the monthly chart shows we have substantial bullish trend line support coming up over the next few months which also happens to coincide with major fib support at 1.2639

    Market favors long positions as close to 1.2639 as possible with stops not far below....

    I have drawn grey and orange candles to show where I believe the market will move from present...

    Keep in mind each candle represents one month of price action...



    Interesting call here Brad. I have been watching for a break of that trend line for a while now. If care to check you find that Ian told me it was not a valid trend line. But, I am extremely bearish the Eur$. I think there is a triangle that has broken and the retest is complete. Regardless, I am watching 2 potential head and shoulders patterns in here. One H&S neckline on the weekly chart will be confirmed on a break of 1.3000 will signal 1.2543 as a minimum target and a break of the second in the 1.2520 area signals a minimum target 1.0363. The lower target is consistent with a technical measure from the triangle in the 1.0217 area.

    Anyway, I respect your ability and admire your technical insight.

    Good Luck.
    Paul79 and Ikee like this.

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