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Thread: Elliott Wave Trading Discussion

  1. #47116
    aerocom is offline Moderator
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    I tried to find confirmation here But, in my view this is corrective. My time analysis indicates that a turn lower should have occurred and should last for 1 to 5 days after the full moon with an average of 3 days and a standard deviation of 2. The 50 day sma is trending down and so is the 20. The 20 has crossed the 50 so, caution is in order.

    Good Luck.
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  2. #47117
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    USD/CHF

    USD/CHF looks like it could be continuing a long term corrective bull rally.... Keep in mind the long term pattern appears to have over shot the lower diagonal support line creating an overthrow pattern, indicating that a major low could have been set in 2011.... I favor further bullish price action in years to come, based on wave pattern and candlestick price action thus far, but also the fact that this market started a major rally in 2011 which is very close to the second year in this decade (2012)... Gann market timing methods tell us to watch for major bull turns around the second year of each decade..... Watch for major fibonacci support at .9044 when this retracement plays out.... It could send this market sky rocketing..... Bulls will be loading large long positions at that level.... With stops not far below.....

    See illustration on charts below ----->>>





  3. #47118
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    Quote Originally Posted by bizzcheck View Post
    sorry men, i thought u had mistaken when count this wave...i meant wave (i),(ii)..subwave cannot being inside wave 4 & 5.

  4. #47119
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    Eur$ update. Looks like wave 5 is possibly complete. Wave 2 or B is underway but, will probably be shallow as the move looks to be forming a flat. Three down and three up on a lesser time frame. I am looking for a turn in the 2850 area , Alternatively, the pair is forming a diagonal wave 5 or C. I am looking higher into early to mid January ( see weekly chart for long term perspective)

    Good Luck
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  5. #47120
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    Keep it simple. S&P 500 Daily

    “Amateurs want to be right. Professionals want to make money.” Gann SQ

  6. #47121
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    ovelap in w3 ?

  7. #47122
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    CAD/JPY

    Quote Originally Posted by brad_1199 View Post
    CAD/JPY has run into channel resistance on the daily chart....

    Short opportunity at hand....

    CAD/JPY is still running along the upper channel line which looks like it's holding as resistance so far......



  8. #47123
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    Quote Originally Posted by szaman1977 View Post
    ovelap in w3 ?
    I see what your saying.
    “Amateurs want to be right. Professionals want to make money.” Gann SQ

  9. #47124
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    Quote Originally Posted by brad_1199 View Post
    CAD/JPY is still running along the upper channel line which looks like it's holding as resistance so far......


    WSJ: Net Yen short position the highest since July 2007. According to CFTC data 12.1 billion. Increase of 54%
    I looked at a chart from June to Nov 21st 2007 on USD/JPY. It fell 11.28% From 124 to near 109
    Edit: After the USD fell from a triangle this year. CFTC reported record dollar amount short USD. Of course the DXY rose.
    Last edited by Luxuriant; 12-01-2012 at 12:27 AM.
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  10. #47125
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    Here is a creative thinking in EURUSD. We have a flat correction, then a zig-zag .Now , only thing remaining is a triangle.
    Since, we have a flat as first correction , so the correction is unlikely to go deep and hence , the triangle scenario looks probable to me. Alternate bull counts in blue. Overall , a correction down is highly likely no matter how it's counted.

    Name:  EURUSD.4H.01-DEC-2012.gif
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    When in doubt , stay out.

  11. #47126
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    AUD/JPY

    A triangle or flat followed by a little more upside for AUD/JPY ?
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  12. #47127
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    Hi Guys;

    Here is a short term look at the Eur$. In my view, the move up is clearly impulsive and has completed 5. It is either wave A of 1. We are in all probability in a wave 2 which will be shallow as 3 waves down has completed. We also appear to have a 3 wave up move that is in all likely hood complete. I think the correction has been signaled as an irregular double or tripple 3. Watch out.

    Good Luck.
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  13. #47128
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    Quote Originally Posted by aerocom View Post
    Hi Guys;

    Here is a short term look at the Eur$. In my view, the move up is clearly impulsive and has completed 5. It is either wave A of 1. We are in all probability in a wave 2 which will be shallow as 3 waves down has completed. We also appear to have a 3 wave up move that is in all likely hood complete. I think the correction has been signaled as an irregular double or tripple 3. Watch out.

    Good Luck.
    I don't se there 5w, really. No divergence in w1, no divergence in w3 ....

  14. #47129
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    Name:  e$h4.gif
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    one question - Why 90 % of you are calling for 5w structure from june ? in w3 there is no divergence, here w2 was made in 5 days and w4 in 2 months (if it's ended). Do you really think like this ?

  15. #47130
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    Here is my swissie daily chart. Still in wave B correction, where -b has just completed.

    DT

    Name:  usdchf w 021212.gif
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