[quote=marketwavez2;142832]Hi Eg888
i think the moderators are reading this thread and some how
changed the settings to automatically adjust your charts size

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its to small now - Still can't read your notes ...........



Sorry about that Marketwavez.

But ..... Thank you to the Moderators.

I have placed most of the notes and analysis on the Text Body of my post if the notes on the charts are still unreadable.

Will try to study what you have just suggested.

EG

Egg88

Please read the post above about how to post a better chart

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Italm if you are there

Why has this gone unanswered for so long ? ............

Why doesn't the Pm's work in this forum ?

Doesnt this this person deserve some feed back ?

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how can we build a community ,
if we forget about Newbies who are trying to learn ?

This should not be .........
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Jammie where are you on this one ?

With that said ,

Here is a thinking for the Usd /Yen ( Longer - Term )

There appears to be " Double Bottom " that has occurred ......


It is only a Probability , .............It is not Cast in Stone !
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If you don't believe in this observation , It's ok

Step up to the Plate :

Just post you chart and state your case !
Time will then tell All ........
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Marketwavez....

I have the same wave count on my USDJPY monthly/weekly chart even though many of the other counts I have seen in different forum propose that the pair has formed a triangle ( more like a barrier triangle ) which is about to breakout to the downside.

In my thinking, I can not consider this as a barrier triangle as the barrier base is not aligned with or in level with the wave 3 end.

Therefore, I would say that Price is possible developing a Wave B Triangle or a FLAT specially because Wave A has a 5 wave structure.

EG

Eg888
Please Post a Usd/Yen chart when you have chance
So we see visually , what you are saying
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thanx alot ........

Monthly Chart for USDJPY coming up......

Anybody is free to criticize these charts....

EG

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If anybody is looking for info to learn about Elliott Wave then try 'The Elliott Wave Principle' by Frost and Prechter. You can get it from Barnes and Noble for $65. It's a pretty good book. You can also just google Elliott Wave. There is a lot of good info to be found online. Elliott Wave International has a site that is devoted to EW too and they are pretty good. My advice is to get the book and study that. Then go into your charting program and disect price history and try to determine past wave counts. It's seems easier to do that while you are learning than it does to try to predict future wave counts. By looking at price history, you can see the different ways that Elliott Wave principle can be used.

There has been a lot of talk on the EUR/USD lately. EG888 was talking about the wave two and wave four corrections earlier. So below I posted the two corrections. The first was a complex correction and was in the form of an expanded flat. This took 17 days to complete. The second correction came in the form of a zig-zag. This one took 19 days to complete. So they both fit with the concept of alternation and the time to complete each was nearly the same.

The second chart is what I believe is larger wave three. I posted it only because I like the way it looks. I'm a dork like that sometimes. All of the fifth waves were extended in the larger wave three and I think that is neat. So that's pretty much the only reason I attached this chart. Sorry for my dorky habits.

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I have two possible counts for the USD/JPY. Both of them put current price action in a very large wave four. There is a contracting triangle that has been forming for several years now. Triangles can occur as either wave four or wave 'B' of a correction. Depending on how you label the triangle will determine what count you follow.

My primary wave count has price in wave 'B' of large wave four. One of the guidelines of Elliott Wave is that wave 'C' of a triangle(A,B,C,D,E) usually takes the longest to complete in respect to time. That is the case if label the triangle as wave 'B' of the large wave four.

The secondary count has the entire large triangle as wave four. If this is the correct count, then we should see price drop to new all time lows in the coming years.

Either count is ultimately bearish on a mid-term basis. The primary count has price immediately bullish(maybe). If that's the case then price is currently declining in wave four of 'A.' I'll post a chart of this later. I have to figure it out for myself first.

I've attached four charts. The first two are my primary count and the second two are the secondary. There is a long term chart and a breakdown of the triangle for both counts. -Happy Trading.

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Jamie, Have we given up on the GBPJPY at 232-233. Have we begun the leg down to 210? Decision time for shorting. Thanks Jeanne.

You could "print screen", then paste it to a word document. Afterwards, enlarge it. I did that, and I can read all the notes perfectly.

can it be logical.........

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Justy,

I have the same problem in my wave count. Both are very plausible. I think that if your triple bottom is correct than it means that there is a resumption of carry trades. But for this to happen, the risk aversion factor must be low. From what I hear :

1. most people are convinced the USD is going to go down, against the YEN.

2. 2008 is going to be bumpy for the US economy.

So the risk aversion factor is going to be crucial. UBS posts a good indicator for risk aversion.

Blueman, I am posting my count for the USD/GBP. Reactions are welcome.

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Jamie, are you there? comment on the GBPJPY please. Time for short?? Jeanne

Hey Jeanne,
Time short was last week when I posted a chart showing the head and shoulders pattern. We are in wave 3 down. Id wait for a pull back cause the hourlys are crazy ovrsold if I weren't short already.