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Thread: Elliott Wave Trading Discussion

  1. #47941
    Franosh's Avatar
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    These swings are all nearly perfect 100% 1:1. Counting it like this, it's been 7 swings down, w-x-y.


  2. #47942
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    US500

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    Uptrend near to theend?!? MACD divergence on daily and 4H graph.

    Good Luck!

    Edo
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  3. #47943
    aerocom is offline Moderator
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    Quote Originally Posted by Franosh View Post
    These swings are all nearly perfect 100% 1:1. Counting it like this, it's been 7 swings down, w-x-y.

    The turn may be underway but, watch for break above 1.3042 and early April specifically, 8-10 for a turn. I am looking for a big move in the April 21-25 time frame.

    Good Luck.

  4. #47944
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    Quote Originally Posted by aerocom View Post
    The turn may be underway but, watch for break above 1.3042 and early April specifically, 8-10 for a turn. I am looking for a big move in the April 21-25 time frame.

    Good Luck.
    Interesting timing. 25/April is a full moon with lunar eclipse coming at the midpoint between mars and saturn. ON 28th the Sunday mars would conjunct that position while sun conj. saturn. On 27th moon will be at perigee. So perhaps 28th/29th there would be some dramatic reaction in markets.

    I don't know how it will play out, whether that would be a minor/major low or high. A few days later in early May it will also be an important seasonal midpoint. These things are never exact. It seems easier to rely on levels if we can find out the region for the eventual pivot, only IF that's so easy
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  5. #47945
    aerocom is offline Moderator
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    Quote Originally Posted by Franosh View Post
    Interesting timing. 25/April is a full moon with lunar eclipse coming at the midpoint between mars and saturn. ON 28th the Sunday mars would conjunct that position while sun conj. saturn. On 27th moon will be at perigee. So perhaps 28th/29th there would be some dramatic reaction in markets.

    I don't know how it will play out, whether that would be a minor/major low or high. A few days later in early May it will also be an important seasonal midpoint. These things are never exact. It seems easier to rely on levels if we can find out the region for the eventual pivot, only IF that's so easy
    I didn't know all that astronomical activity was going on. However, I have a spreadsheet of historical turns and they occur around moon phases. Yes, there is a full Moon and the other date is in close proximity to a new moon. Standard deviations on both is less than 3 days. If price moves as expected the next major should be in Late June to July. That one is more difficult.

    I will look for an Elliott pattern as time progresses and try to get a fix.

    Thanks for the additional info.

    Good Luck.
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  6. #47946
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    MY COUNT !!

  7. #47947
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    $EURUSD 30Minute Chart #ElliottWave Count

    $EURUSD 30-Minute Chart #ElliottWave Count: Rebound May Continue-R1 Pivot at 1.2850
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  8. #47948
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    Hi Gregory,

    Good post.

    Price also posted a 4 pip gain after your post and has dipped below 2812 - does this suggest that wave 5 is in place or are we looking at wave 4 still that has overlap on wave 2 (in which case this entire 5 wave structure will turn out to be a leading diagonal). Please give your thoughts. Thank you.

  9. #47949
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    Quote Originally Posted by Gregory McLeod View Post
    $EURUSD 30-Minute Chart #ElliottWave Count: Rebound May Continue-R1 Pivot at 1.2850
    Looks to me like '3' might be labelled '1' of '3' ( or 'a of C') being possible a leading diagonal. Can't seem to count it as anything else with the overlaps.
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    Last edited by Clivewaverider; 03-28-2013 at 01:49 PM.
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  10. #47950
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    Bullish Engulfing Breaking Wave 4 Trend Channel Signaling Wave 5 Upmove in Progress

    Bullish Engulfing Breaking Wave 4 Trend Channel Signaling Wave 5 Upmove in Progress- First Target 1.5350

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  11. #47951
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    Quote Originally Posted by Clivewaverider View Post
    Looks to me like '3' might be labelled '1' of '3' ( or 'a of C') being possible a leading diagonal. Can't seem to count it as anything else with the overlaps.
    Price action suggest going short at a level close to 2844 and a tight stop just above, targeting 2765. If 2750 breaks, then this ABC correction idea is right and price will head lower. If it holds above 2750 on such a retracement scenario, then this 5 wave structure is a leading diagonal and a break of the top and travel many, many pips. Thoughts?

  12. #47952
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    Quote Originally Posted by sayv View Post
    Price action suggest going short at a level close to 2844 and a tight stop just above, targeting 2765. If 2750 breaks, then this ABC correction idea is right and price will head lower. If it holds above 2750 on such a retracement scenario, then this 5 wave structure is a leading diagonal and a break of the top and travel many, many pips. Thoughts?
    My Dollar chart suggests upside is not the way to go for that, so reverse for EURUSD for me. My counts are on the Long Term EURUSD forum.
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  13. #47953
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    Quote Originally Posted by Gregory McLeod View Post
    Bullish Engulfing Breaking Wave 4 Trend Channel Signaling Wave 5 Upmove in Progress- First Target 1.5350

    Follow the money!
    Looks like buy around 5150/65 with a stop at 5110.

  14. #47954
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    My first post:

    I concur that a correction is complete at 1.50918, but I believe five up for A to be complete, and B is now complete as well. Next week should bring strength followed by wave (3) to the downside.

    Can you say more QE for the Brits?

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  15. #47955
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    Long EUR/GBP on the next low might be a good idea.....
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