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Thread: Elliott Wave Trading Discussion

  1. #45241
    aerocom is offline Moderator
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    Quote Originally Posted by JoeyLee View Post
    Very Impressive. Outstanding analysis. Be patience and watch it tonight . Tonight is Non Farm Payroll. I do not think so the figure is so good as predicted.

    There is a H&S pattern in play in the S&P 4hr chart. Already broke down and targeting 1369. Eur$ is leading and unless the correlation is broken will be pushed down.

    Good Luck!

  2. #45242
    JoeyLee's Avatar
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    My long term count. It is heading down. The wave is moving towards 1.31. Danger ahead especially today news. It will accelerate the power to breakthrough 1.31 price level. Top is S&P. I put up this long term view for EURUSD on the bottom to remind you again. Usually when the previous year was bear. There is big possibility the bear will continue this year because it still under triangle currently that means it is having difficulty in moving up. Thus last year bear bar is still valid to support this year bear movement too.
    Last edited by JoeyLee; 05-04-2012 at 03:09 AM.

  3. #45243
    Easy Trader is offline Member
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    Quote Originally Posted by Easy Trader View Post
    USDCHF daily: did we correct that 5w move up yet ... w2 = a-b-c ... a little up and a LITTLE down ?
    ... hm, I am still carefully watching my count, ST up in c) wave (w-i completed now), then 2 down to end the correction (viceversa for EUR) ... anyone?

  4. #45244
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    Eurodollar

    See Chart Below
    The ending diagonal has completed & broken down. The Ea has also engaged in sells on break bellow the sell
    signal shown bellow. The primary expected target if traders are holding (riding) sell positions is the red neck line
    shown at 1.30. Today is NFP day, and choppy volatile price action is expected, so stops must be kept Above (e)
    @ 1.33. In terms of Risk : Reward, this may be considered acceptable, because Coming Sunday should see a
    conclusion to the French presidential elections. Where Sarkozy is expected to lose. The socialists with retain
    power in France, and softening of economic & Financial Appeasement measures is anticipated, weakening the
    Euro. The neckline should ultimately break on this, and traders can ride for a possibly quick 1.2650 at last.
    Perhaps the opportunity is a good one that should not be missed.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-eurodollar-7.jpg  

    Sincere Regards
    Summerset
    www.wave-segregation.blogspot.com
    ______________________________

  5. #45245
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    USDJPY seems like stop moving down. It looks like forming a church pattern. May be it is good time to go for long.

  6. #45246
    stanchiam is offline Banned
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    Quote Originally Posted by Summerset View Post
    See Chart Below
    The ending diagonal has completed & broken down. The Ea has also engaged in sells on break bellow the sell
    signal shown bellow. The primary expected target if traders are holding (riding) sell positions is the red neck line
    shown at 1.30. Today is NFP day, and choppy volatile price action is expected, so stops must be kept Above (e)
    @ 1.33. In terms of Risk : Reward, this may be considered acceptable, because Coming Sunday should see a
    conclusion to the French presidential elections. Where Sarkozy is expected to lose. The socialists with retain
    power in France, and softening of economic & Financial Appeasement measures is anticipated, weakening the
    Euro. The neckline should ultimately break on this, and traders can ride for a possibly quick 1.2650 at last.
    Perhaps the opportunity is a good one that should not be missed.
    maybe you can help to explain why u are sure it is ending diagonal (I am)
    there is someone who think this is a leading diagonal and looking at it as wave 1 with a projected target of 1.5 (WOW!!)

    "Perhaps the opportunity is a good one that should not be missed." quoted from Summerset
    "I'm buying some for the ride up right now. Very good R/R with an obvious stop loss point. Good luck bears. " quoted from 2 bits
    The reason why i say there is always a bullish and bearish count/view at the same time, although only one is correct.....lol

    i like honey bears cause they serve me honey juice and pepper steak
    back to honey bear sleep
    Last edited by stanchiam; 05-04-2012 at 04:36 AM.
    Bignatx likes this.

  7. #45247
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    USDCHF D1 04 May 2012

    Hi Mr. Aerocom. This is my view and this pair is under extreme bullish.
    Last edited by JoeyLee; 05-04-2012 at 07:23 AM.

  8. #45248
    stanchiam is offline Banned
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    Quote Originally Posted by JoeyLee View Post
    Dear Mr. Aerocom. This is my view and this pair is under extreme bullish.
    i wonder what 2 bit say

  9. #45249
    John Mosquera is offline Member
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    before Non-Farm Payroll abr

    This is my Wave Elliot for today
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-elliot-eur-usd-abr-2012.jpg  


  10. #45250
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    I appologize for not being active

    I've been in the process of obtaining my CFTe which is why i havent been actively posting as usual.

    This weekend I will take a look at every market I have a reliable reading on. Global equities and currencies. Feel free to send in your requests.

    P.S.
    Competent Trades: The collapse of Russia

    The russian stock market is down over 10 % from time of posting.

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  12. #45252
    aerocom is offline Moderator
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    Quote Originally Posted by Traderfringez View Post
    Thanks for posting. I look forward to your weekend analysis. While I don't trade the Russian Rubble and don't even watch it, I do agree with your Loonie analysis.

    Good Luck!

  13. #45253
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    Euro

    The B wave multi-month triangular consolidation appears to be in it's final stages - buy bias .
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-euro-d-050412.jpg  

    10frank01 and captester like this.

  14. #45254
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    Quote Originally Posted by apipintime View Post
    The B wave multi-month triangular consolidation appears to be in it's final stages - buy bias .
    Hi Jay,

    Timewise this count is hardly possible. Cable has max 5-10 days to finnish its up move (SLTD top) - in fact the top may be in place (confirmation <1.6074). Since Cable will most likely be dragged down by the EU, this one one looks like even better short.

    from dialyfx real time news:

    GREEK PASOK HEAD VENIZELOS: May 6 elections determine fate of country and will judge if Greece stays in Euro.
    4 May 19:18:26

    edit: I`m not sure which elections are riskier - French or Greek?
    edit2: there are also regional elections in Germany -tripple whammy over the weekend

    Next week could be really wild.

    Patryk
    Last edited by fazi; 05-04-2012 at 02:49 PM.

  15. #45255
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    Quote Originally Posted by aerocom View Post
    Thanks for posting. I look forward to your weekend analysis. While I don't trade the Russian Rubble and don't even watch it, I do agree with your Loonie analysis.

    Good Luck!
    I dont trade the rubel either, quite ironically it has one of the most clearest patterns which aid in chosing a preffered count on the rubel's european peers.

    My CAD and Ozzy shorts are finally paying off! :-D

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