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Thread: Elliott Wave Trading Discussion

  1. #47521
    red faction's Avatar
    red faction is offline Member
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    the gbpusd, caasure bearish, 1.30,??
    suivre ses instinct clien fxcm trade en réel

  2. #47522
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    Quote Originally Posted by 2_bits View Post
    My triangle forecast from December is playing out fairly well.

    http://forexforums.dailyfx.com/ellio...ml#post1470116

    Here's an update.
    Well, my original triangle forecast got busted on Friday. However, I still think there may be a triangle or other complex structure in play because of some clues offered on the monthly chart.

    Name:  USDCHF MONTHLY FORECAST 2-3-2013.jpg
Views: 1110
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    First there is a significant hidden divergence between the lows formed about a year ago and those formed recently. The six monthly candles that form the recent downtrend have fairly small bodies indicating a lack of momentum. In addition we still have strong horizontal support formed by the lows that occurred about a year ago.

    Below is my daily count for this pair from the 2011 lows. If we start trading significantly lower this month than that probably means the small correction labled yellow wave [a] should be labelled as white wave B with the triangle count being invalidated once again.

    Name:  USDCHF DAILY FORECAST 2-3-2013.jpg
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  3. #47523
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    DFX Forum Members are Invited to Participate in "Show What They Know Webinar Series"

    Hello DailyFX Forum Members! In response to the great turnout and interest in Stryker's webinar, we will not only hold another such private event, but we will also expand it to include any forum member in good standing who has a desire or interest in sharing their trading approach, strategy, or money management plan in a live webinar.

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  4. #47524
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    Quote Originally Posted by 2_bits View Post
    Well, my original triangle forecast got busted on Friday. However, I still think there may be a triangle or other complex structure in play because of some clues offered on the monthly chart.

    Name:  USDCHF MONTHLY FORECAST 2-3-2013.jpg
Views: 1110
Size:  46.6 KB

    First there is a significant hidden divergence between the lows formed about a year ago and those formed recently. The six monthly candles that form the recent downtrend have fairly small bodies indicating a lack of momentum. In addition we still have strong horizontal support formed by the lows that occurred about a year ago.

    Below is my daily count for this pair from the 2011 lows. If we start trading significantly lower this month than that probably means the small correction labled yellow wave [a] should be labelled as white wave B with the triangle count being invalidated once again.

    Name:  USDCHF DAILY FORECAST 2-3-2013.jpg
Views: 1132
Size:  97.4 KB
    Thanks for sharing this 2_bits! The long term perspective shows some sort of dollar strength which we can also see in the Euro
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  5. #47525
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    The USDchf is bouncing from the bottom of a channel. Price in labeled wave 5 exceeded 5th wave target expectations dropping to 85% of wave 3 down. RSI has diverged and is currently moving up with price. On a break above .9114, minimum expectations are .9210 to .9250 area. This area is guarded by both the 50 and 20 day simple moving average (sma) which are both moving down. A break above opens the door for a move on channel top.

    The DXY gapped up today. I look for a move back to close the gap. When the move gets underway, I expect the UsdChf to move back toward the lower channel line. A break on the down side would open the door for a move into the .8500 area.

    Good Luck.
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  6. #47526
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    Aud/Usd

    Something for your consideration

    8 H ChartName:  8 H Chart.png
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  7. #47527
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    $EURUSD 60-Minute Chart Elliott Wave Count: 1.3460 Possible

    $EURUSD 60-Minute Chart Elliott Wave Count: 1.3460 Possible
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  8. #47528
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    $GBPUSD 4-Hour, 15-Minute Chart Elliott Wave Counts

    $GBPUSD 4-Hour, 15-Minute Chart Elliott Wave Counts
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  9. #47529
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    $USDCAD Daily and 4-Hour Chart #Elliottwave Count: Mixed Picture

    $USDCAD Daily and 4-Hour Chart #Elliottwave Count
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  10. #47530
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    $NZDUSD Daily/4-Hour #Elliottwave Count: New Highs for New Zealand Dollar Possible

    $NZDUSD Daily and 4-Hour #Elliottwave Count: New Highs for New Zealand Dollar Possible
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  11. #47531
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    Quote Originally Posted by Gnarly View Post
    thanks for the heads up Greg
    You are welcome! Keep those great charts coming. Those are fantastic. I just want to thank you traders out there who continue to share your charts! Keep them a coming and just in case you forgot how to or you are brand new and need a fast video tutorial, just click the following link to learn how to post charts!

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  12. #47532
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    Gbp$ thinking pretty much the same as Greg's machine. I expect a rally back into the 50 to 61.8 fib area. That would equate to a price range in the 1.5968 to 1.6040 area.

    My wave 5 a-b-c could be counted as a 5 with no overlap between i and iv of 5. In an -a-b-c scenario, both waves would be equal at 1.5915.

    Good Luck.
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    Last edited by aerocom; 02-05-2013 at 03:41 PM.

  13. #47533
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    This chart depicts my view on the Eur$. The high on Friday was wave b of an expanded flat. With that assumption, I think the initial move down has completed and the pair is correcting in a zigzag pattern that will be contained by the channel and limited to 1.3610 to 1.3620.

    I look for an extended move down in wave 3 or y of (5). However, if the channel breaks to the upside, a new high is likely.

    Good Luck.
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  14. #47534
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    $EURUSD 4-Hour/30M #Elliottwave Count: Rebound Expected

    $EURUSD 4-Hour/30M #Elliottwave Count: Rebound Expected
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  15. #47535
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    Quote Originally Posted by aerocom View Post
    Gbp$ thinking pretty much the same as Greg's machine. I expect a rally back into the 50 to 61.8 fib area. That would equate to a price range in the 1.5968 to 1.6040 area.

    My wave 5 a-b-c could be counted as a 5 with no overlap between i and iv of 5. In an -a-b-c scenario, both waves would be equal at 1.5915.

    Good Luck.
    I shorted this pair. Sometimes you get hanged in the short-term. Depending on how you draw the b-d triangle line, the paid may have already broken the line and the move up was a retest. If you draw the trend line off the lows, the pair has already boken that line also.

    Long term trend is broken to the downside.

    Good Luck.

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