Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Register


Results 44,971 to 44,985 of 52147
Page 2999 of 3477 FirstFirst ... 1999 2499 2899 2949 2989 2995 2996 2997 2998 2999 3000 3001 3002 3003 3009 3049 3099 ... LastLast

Thread: Elliott Wave Trading Discussion

  1. #44971
    stanchiam is offline Banned
    Join Date
    Jul 2008
    Posts
    1,728
    Blog Entries
    5
    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
    Quote Originally Posted by stanchiam View Post
    possible but highly unlikely, by monday, that low will be taken out
    Quote Originally Posted by RAZA View Post
    Thanks for your reply Stan!

    Out of many possibilities, what I have shown is one of them.

    Only price Violation would dictate the possible direction, till then it can stay Range bound.

    Lets see what this Month brings. 1.3008 -1.2999 (E/U) is a Major Monthly FIB support as of March. IMO.

    Attaching some older charts as well for reference.
    taken out as expected soon, now 1.3015, 12 pips away
    cheers

  2. #44972
    JoeyLee's Avatar
    JoeyLee is offline Member
    Join Date
    Mar 2012
    Posts
    1,022

    USDCAD

    USDCAD should be in still bear mode. You can see the portion i circle. So many waves trapped inside. If it is bull, you cannot see this type of pattern. It shall move very fast away from the lowest point resistance. Bear cycle has not yet completed. Guys, what is your opinion ?

  3. #44973
    aerocom is offline Moderator
    Join Date
    Jan 2008
    Posts
    2,857
    Quote Originally Posted by JoeyLee View Post
    USDCAD should be in still bear mode. You can see the portion i circle. So many waves trapped inside. If it is bull, you cannot see this type of pattern. It shall move very fast away from the lowest point resistance. Bear cycle has not yet completed. Guys, what is your opinion ?
    It's a bull in the early stages with a target above 1.3000 likely. I have at a minimum c=a in the 1.33 - 1.34 area. There are some contingencies here though. I expected the correction or the current down move to carry below 99 but above 9860. It still may but a break of 1.0051 will indicate that wave 3 of 1 of c is under way.

    Looking at the chart with the EWO you should notice the divergence at the end of the correction where price made a new low but the indicator did not. That marks the high probability end of wave 5 of the correction. Another clue is usoil. I use it for inverse correlation. Commodities should be bearish into Apr to Oct of 2013.

    I have been holding long since 3-21 stop 9840.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-usdcad-04-15-12.jpg  

    Nature Boy likes this.

  4. #44974
    Join Date
    Dec 2010
    Posts
    709

    USD/RUB



    This chart just updates the post that pointed the bottom on this pair(http://competent-trades.blogspot.com...of-russia.html), as of now it seems like prices are begining to advance in a 3rd wave.

    Regards,
    Ahmed Farghaly

    ALT: Still in a wave ii correction however the low formed late march should not be breached.

    http://competent-trades.blogspot.com
    Last edited by Traderfringez; 04-16-2012 at 03:05 AM.

  5. #44975
    eddek's Avatar
    eddek is offline Member
    Join Date
    Aug 2011
    Posts
    24
    USDX 16.04.12




    Quote Originally Posted by eddek View Post
    USDX 06.04.12; Three White Soldiers


    Quote Originally Posted by eddek View Post
    USDX 04.04.12

  6. #44976
    Join Date
    Dec 2010
    Posts
    709

    EUR/USD count update



    EUR/USD count update.

    Regards,
    Ahmed Farghaly

    http://compentent-trades.blogspot.com

  7. #44977
    Join Date
    Dec 2010
    Posts
    709

    GBP/USD count update



    Prices are rallying in a 4th wave higher I still expect one further lower low to complete wave i of (iii) to the downside.

    Regards,
    Ahmed Farghaly

    HTTP://COMPETENT-TRADES.BLOGSPOT.COM

  8. #44978
    Join Date
    Dec 2010
    Posts
    709

    Even China is bullish on the US dollar

    I recently heard on televesion that the chinese increased the percentage amount of the daily fluctuations they allow on thier currency from 0.5% a day to 1% a day. Consider that the government is trying to avoid a 'hard landing' and a weaker currency will help stimulate the economy considering that china is an exporting nation. Hence I dont believe they would increase the daily fluctuation percentage unless they believed that it would work in thier favor, making the yuan cheaper faster than it got expensive (back when 0.5% was the daily fluctuation limit)

    Regards,
    Ahmed Farghaly

    Competent Trades

  9. #44979
    RAZA is offline Member
    Join Date
    Dec 2009
    Posts
    18

    E/U

    Quote Originally Posted by stanchiam View Post
    taken out as expected soon, now 1.3015, 12 pips away
    cheers
    ..

    Not yet Stan,

    No price Violation done here, even it has gone below 1.3003.

    Once below 1.2962 and specially 1.2944 I would believe in the Bearish View.

    Above #s are determined using GANN and FIB ratios.

    From my experience Fibs are of primary importance and Waves are secondary.

    Week has just started, lets see.

    Daily and 4 hr has Bullish Divergence.
    Last edited by RAZA; 04-16-2012 at 10:30 AM.

  10. #44980
    Join Date
    Dec 2010
    Posts
    709


    Targets bellow the end of wave iii.
    Regards,
    Ahmed Farghaly

    Competent Trades

  11. #44981
    schmittstroem is offline Member
    Join Date
    Jul 2009
    Posts
    21
    hey aerocom,

    thanks for your chart. i see it the same way.
    but, you are counting a leading diagonal, since the low. as i know, the waves should be impulsive movements. in lower timeframes its hard to count it this way? what about a series of 1-2´s since the low? the result would be an immediate upward movement, we will see it soon...
    regards

  12. #44982
    2_bits is offline Member
    Join Date
    Jan 2009
    Posts
    47

    USDCAD

    Shorting USDCAD right now with a tight stop. Will know very soon if I am wrong.

  13. #44983
    aerocom is offline Moderator
    Join Date
    Jan 2008
    Posts
    2,857
    Quote Originally Posted by schmittstroem View Post
    hey aerocom,

    thanks for your chart. i see it the same way.
    but, you are counting a leading diagonal, since the low. as i know, the waves should be impulsive movements. in lower timeframes its hard to count it this way? what about a series of 1-2´s since the low? the result would be an immediate upward movement, we will see it soon...
    regards
    Hi Schmittstroem;

    I counted it as a diagonal because I think the moves count best as 3's. The first move up is counted by some as a 5, but if you examine that structure in 1 hour or less, it looks better as a 5-3-5, zig-zag. The down moves are threes and wave III is definitely a 3 wave move. Each moves higher and the retracements put in higher lows. I don't think the final move is complete but, the b wave would certainly strong. Look for a corrective move to end in the 9890 area.

    Good Luck.

  14. #44984
    schmittstroem is offline Member
    Join Date
    Jul 2009
    Posts
    21
    Thanks for the input!
    In this context, the movement makes sense.
    I thougt, only an ending diagonal is a 3-3-3-3-3 affair and a leading diagonal a 5-3-5-3-5 movement?

  15. #44985
    2_bits is offline Member
    Join Date
    Jan 2009
    Posts
    47
    Quote Originally Posted by 2_bits View Post
    Shorting USDCAD right now with a tight stop. Will know very soon if I am wrong.
    So far, so good. Moving stop to BE.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.