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Thread: Elliott Wave Trading Discussion

  1. #45286
    JoeyLee's Avatar
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    Going for long. Let us sing. Rejoice. Yupee
    Last edited by JoeyLee; 05-07-2012 at 04:39 AM.

  2. #45287
    xtura is offline Member
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    Quote Originally Posted by tomek0111 View Post
    fourth wave in support of
    There's no doubt that this is a support. But labeling this last move as I,II,III,IV is baffling, it's essentially invalidated and proportions are extreme. However, to be convincing you could relabel your ABC red to WXY and everything will look more comfortable.

    In your count you're identifying two signs of extreme bearishness. A truncated wave 5 and some kind of ending diagonal. I not agree with the trunked 5 but if you see this extreme bearishness do you think it's wise enough searching for a long?

    Please don't take this as personal, just trying to give some arguments to the debate.

  3. #45288
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    Quote Originally Posted by aerocom View Post
    I think what you mean is Jay's count has been invalidated because the price of wave e cannot extend beyond the price of wave c.

    Good Luck.
    Hey Aero,

    Yes, both the Euro and Swissie B-wave triangle counts have been invalidated, unfortunately.

  4. #45289
    John Mosquera is offline Member
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    Elliot wave EUR/USD 07-05-2012

    Down Trend in Time frames: 1h, 30 min.
    Overbought in Time frame 5min
    Current Wave in 1h, 30 min: Wave 4.
    Expecting W5 down in Time frames: 1h 30min.
    Set Alert at 1,3020 (go down) to confirm W5.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-elliot-eur-usd-abr-2012.jpg  


  5. #45290
    aerocom is offline Moderator
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    Quote Originally Posted by JoeyLee View Post
    Can you show me your long term count ? It is seldom to have this type of condition expanding diagonal but i suspected it when the wave D moved away from trend line. Past few years back it has the possibility of moving 3000 pips below in a year. Expanding diagonal on for moving upward but in this case is weird. Need more confirmation from you all. Thanks.
    Here is my count of the pair as promised. I have a primary count and the alternate count (red). In my view they are all 3 wave moves and could be an expanding triangle as you have stated.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-nzdusd-05-06-12.jpg  


  6. #45291
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    GBP/JPY SHORT OPPORTUNITY

    Bears are offered short entry into the GBP/JPY after a substantial retracement...

    It won't be long and we'll see this market moving downward into the descending long term channel which defines wave 5...

    The market left a beautiful spinning top pattern in place last month at channel resistance... Declines are not far off....

    In the big picture, I expect this rate to be at the 100.00 mark in years to come....


    Last edited by brad_1199; 05-07-2012 at 05:11 PM.
    Luxuriant likes this.

  7. #45292
    aerocom is offline Moderator
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    and the Gbp$.

    Good Luck.
    รูปขนาดเล็ก รูปขนาดเล็ก Elliott Wave Trading Discussion-gbp-05-07-12.jpg  


  8. #45293
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    7000 pips for GBP. See whether it can break long term support trend line or not.

  9. #45294
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    EURUSD DAILY COUNT

    Hey guys, got any more room on the bear boat? If the count below pans out I should only need to be on board for another month or so. I'm still expecting a return to the 1.50 area sometime next year before any big crash occurs. Lots of support below at the 1.24 area.



  10. #45295
    stanchiam is offline Banned
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    Quote Originally Posted by stanchiam View Post
    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
    one month passed, lets see how it goes in another month

  11. #45296
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    Quote Originally Posted by stanchiam View Post
    There is still a downside risk and more ranging
    Good luck



    Trader Blog: EurUsd 24 Feb 12
    is the top in?
    2 months plus passed, waiting for new low

  12. #45297
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    Quote Originally Posted by 2_bits View Post
    Hey guys, got any more room on the bear boat? If the count below pans out I should only need to be on board for another month or so. I'm still expecting a return to the 1.50 area sometime next year before any big crash occurs. Lots of support below at the 1.24 area.


    have posted in feb such a scenario as the post mentioned here http://forexforums.dailyfx.com/ellio...ml#post1138110, glad u finally see this possibility after a long time

  13. #45298
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    Eur price is entering the bear zone. So good to sit on the top waiting to harvest around 2000 pips. It has the potential of achieving 2000 pips. Trend continuous this week. Yupee

  14. #45299
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    So nice to go long at the bottom. Cad price is going to enter bull zone. It may be able to achieve 3000 pips this year. yuppe
    Last edited by JoeyLee; 05-08-2012 at 04:54 AM.

  15. #45300
    xtura is offline Member
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    Quote Originally Posted by 2_bits View Post
    Hey guys, got any more room on the bear boat?
    Boat is getting full and this is something that puts me in cautious mode.

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