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Thread: Elliott Wave Trading Discussion

  1. #45106
    Todd Gordon's Avatar
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    AUDUSD Weekly - Flat or Triangle in B?

    Elliott Wave Trading Discussion-4.20.12audusd_weekly.jpg
    Hi all - wondering if we have a C-wave decline in either triangle B (a "3)", or a flat B (a "5"). Either way watch 1.0130 uptrend support, which is highly visible, thus very vulnerable, to get this C-wave moving.
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  2. #45107
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    USD/CHF Daily Chart

    Waves on the daily chart suggest this count is high probability...

    But it's going to be a choppy wait before the market starts digging lower...

    USD/CHF Daily Chart ------>


  3. #45108
    aerocom is offline Moderator
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    Quote Originally Posted by brad_1199 View Post
    Waves on the daily chart suggest this count is high probability...

    But it's going to be a choppy wait before the market starts digging lower...

    USD/CHF Daily Chart ------>

    Here is mine but I think I like yours better.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-usdchf-04-23-12.jpg  

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  4. #45109
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    Quote Originally Posted by aerocom View Post
    Here is mine but I think I like yours better.

    Good Luck.
    I will try a short here at current market value....

    I am now short from .9135

    Stop is at .9260 just above the "wave C" high

    Near term target is at .9010 , Just shy of the "wave B" low at .9001

    Risk = 125 Pips

    Reward = 125 pips

    Ratio = 1:1 (Ideally I would like to see a 1:2 ratio or greater on most trades, but this one looks good enough that I will take a stab at it)
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  5. #45110
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    ONE OF MY FAVORITE BOOKS

    I know this has been posted before on this forum, but this is a truly a great book for aspiring Elliotticians.


    Balan , Robert - Elliott Wave Principle Forex
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  6. #45111
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    SILVER 3H CHART

    I think silver will be a great buy soon and will reach new highs over the next year or so. Waiting patiently for the bottom of this correction to form.

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  7. #45112
    aerocom is offline Moderator
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    The $yen has retraced near .707 percent and should be starting wave 3 soon.

    Good Luck.

  8. #45113
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    AUDUSD H4 24 APRIL 2012

    Thank you Mr. Aerocom. Let us discuss more on this pair. Entry should be made at 1.03. I suspect this is the diagonal since market is still bullish. What do you think ?

  9. #45114
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    AUDUSD W1 24 APRIL 2012

    This is the larger picture that I see.

  10. #45115
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    divergence ........30 min tf

    any of you guys seen the divergence on 30 min eu
    when 4hr tips too could see lge drop again on eu
    daily indies on stochastic also showing toppish plus weekly has divergence raging for larger tf drops

    not sure ow that fits in with your ew but to me divergence is key
    รูป รูป  
    Take your profits or the market will take it from you....

  11. #45116
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    I agree - a really great book for the Elliottician looking to transition from the theory of EWP to the application of EWP.


    Quote Originally Posted by 2_bits View Post
    I know this has been posted before on this forum, but this is a truly a great book for aspiring Elliotticians.


    Balan , Robert - Elliott Wave Principle Forex

  12. #45117
    aerocom is offline Moderator
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    Quote Originally Posted by cw1 View Post
    any of you guys seen the divergence on 30 min eu
    when 4hr tips too could see lge drop again on eu
    daily indies on stochastic also showing toppish plus weekly has divergence raging for larger tf drops

    not sure ow that fits in with your ew but to me divergence is key
    The current movement is complete near 1. The previous move (will post chart later) was probably a flat. The move down to 1.31+/- is a 5 wave move that I am counting as 1 and the move back as 2.

    Over the next few days there will probably be a pronounced move down.

    Good Luck.
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  13. #45118
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    Gold

    Hi Traders - I see you guys tracking silver, which has been quite interesting below $31.00 from the risk-on / risk-off perspective. We posted the following gold chart this morning to update our clients on our long gold position. Notice the coincidence of .618 time AND price relationship. While silver was breaking $31.00 gold was holding the $1625 level. Cautiously bullish gold.

    GOLD- Daily
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  14. #45119
    aerocom is offline Moderator
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    Eur$

    Here is Eur$ chart that was referenced in previous post.

    NOTE: I closed my Swissy short with a 30p gain. Watching gap close for a long as it is the inverse of the Eur$

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eur-04-24-12.jpg  

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  15. #45120
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    Here is an update on my Dow post for Sunday night. It looks like the DOW is intent on keeping its October date with a low. The March high just as it was 10 years ago appears to be the top in the DOW. It certainly has put in a new low in April. Whether it moves to a new high in May is still open but, I doubt it.

    On the chart you can see what appears to be a H&S top. There was a gap opened in the futures on Sunday. The closure coincides with a retest of the neck line. If it is repelled, good bye.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-dow-04-24-12.jpg  


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