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Thread: Elliott Wave Trading Discussion

  1. #45001
    stanchiam is offline Banned
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    Quote Originally Posted by JoeyLee View Post
    Do you think is possible ? I overwrite my previous thought.
    any count is possible, u need to find the best probable one and stick to it
    u will find out later
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  2. #45002
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    Thank You. My view for USDCAD still bearish. It would not be possible for last month movement only 100 pips if it is bull. Does not make any sense at all. NZDUSD still bullish. Difficult to count it as bear. AUDUSD also impossible to count it as bear. USDJPY is proven that it is bearish. Thus I make overall view US index is going down.

  3. #45003
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    EURUSD

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  4. #45004
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    Lightbulb

    Quote Originally Posted by JoeyLee View Post
    Thank You. My view for USDCAD still bearish. It would not be possible for last month movement only 100 pips if it is bull. Does not make any sense at all. NZDUSD still bullish. Difficult to count it as bear. AUDUSD also impossible to count it as bear. USDJPY is proven that it is bearish. Thus I make overall view US index is going down.
    "AUDUSD also impossible to count it as bear"

    ok, let me be the first one to prove you wrong and that any count is possible
    leading diagonal wave 1 of C is a strong possibility for au
    prove me wrong that this is impossible to count it as bear
    รูป รูป  

  5. #45005
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    Quote Originally Posted by JoeyLee View Post
    USDJPY is proven that it is bearish.
    proven if it can take out the low of my bullish view
    i wonder how u prove it is bearish
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  6. #45006
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    Quote Originally Posted by stanchiam View Post
    proven if it can take out the low of my bullish view
    i wonder how u prove it is bearish
    I do not know how to prove but I feel that it is moving down inside the diagonal. Most people ignore the last year last month until february pattern. It is very unsafe to go for long unless it comes with a very long body with long tail weekly bar. Difficult to said it is bullish and the end. See the Mr. Tafool explaination.

    The AUDUSD weekly bar does not showed a good bear pattern. I can only see the ABCDE on weekly bar. It is easy to count as ABCDE. It will go up again and form ending diagonal very soon.

    The best pair now is USDCAD. I am getting 100 pips now as what i have predicted. See my previous post. Everything soon will come to the end.

  7. #45007
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    Quote Originally Posted by JoeyLee View Post
    I do not know how to prove but I feel that it is moving down inside the diagonal.
    ok, so it is not proven and no count, just gut feel

    charts speak louder than words
    anyway, i am really scare of everything soon will come to an end...lol
    cheers
    Last edited by stanchiam; 04-17-2012 at 11:18 AM.

  8. #45008
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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
    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
    should find out in a week or 2
    Last edited by stanchiam; 04-17-2012 at 11:10 AM.

  9. #45009
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    Quote Originally Posted by JoeyLee View Post
    The AUDUSD weekly bar does not showed a good bear pattern. I can only see the ABCDE on weekly bar. It is easy to count as ABCDE. It will go up again and form ending diagonal very soon.
    ending diagonal is just one of a possibility
    just show you my chart to let you see another
    and never say it is impossible to count bearish, do not rule out any count
    cheers

    ps: hope i am not talking too much...lol
    i better go into hiding mode
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-sp32-20120417-221424.jpg  


  10. #45010
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    AUDUSD D1 - 17 April 2012

    This is my view. Can you see the yellow line is moving up and the daily bar getting smaller.
    Last edited by JoeyLee; 04-17-2012 at 11:47 AM.
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  11. #45011
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    Quote Originally Posted by aerocom View Post
    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.
    As anticipated usdcad decline stopped just shy of 9860 at 9863 with a diagonal on the 15 min chart. I am adding to my longs for the wave 3 move up.

    Good Luck.

  12. #45012
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    I am a newbie.
    I have a question about the AUD/USD chart....posted in recent post #45266
    I feel that wave 4 does not go into territory of wave one...Please advice
    Last edited by rforexdad; 04-17-2012 at 05:37 PM.

  13. #45013
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    Quote Originally Posted by rforexdad View Post
    I am a newbie.
    I have a question about the AUD/USD chart....posted in recent post #45266
    I feel that wave 4 does not go into territory of wave one...Please advice
    Diagonals are the exception to that rule.

  14. #45014
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    S&P 500 H4 - 18 APRIL 2012

    EURUSD has a great chance of going up to 1.38.
    Last edited by JoeyLee; 04-18-2012 at 01:44 AM.

  15. #45015
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    USDJPY count update



    Above is my preferred count from last year's low it seems evident that wave 4 is complete, notice how we came back into the 4th wave of smaller degree, and right into the upper boundary line of the base channel which sometimes tends to be the limit for 4th wave corrections. wave 4 & 2 both alternate in time. ALT: 1-2-i-ii



    Here is the wave 4 in greater detail, it seems evident that the decline unfolded into a zigzag correction with a typical wave relationship in which wave C=A. Notice the divergence between the end of wave A and the end of wave C, Also remember that we are right between the 38.2%-50% of wave 3 which are typical targets for a 4th wave decline. Prices have breached the level labeled "Key level" on the previous post, and is most likely on its way to breach the critical level (Please review previous posts on this currency pair Competent Trades: USDJPY elliott wave counts & Competent Trades: USDJPY)

    Regards,
    Ahmed Farghaly

    Competent Trades
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