|
|
 |
|
03-04-2008, 03:12 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by justy10125
Hey Mike,
The daily chart of AUD/USD is still very bullish. One more high is required to complete the bull run from 0.8511.
The short term picture looks better in the Kiwi to me, so that's the chart I attached. It looks like we should get one more small low below 0.7955 to complete wave c and larger 2. AUD/USD is basically the same.
|
We might have to revise the NZDUSD count.
(AUDUSD did the same, too)
Mike
|
03-04-2008, 03:13 PM
|
|
Member
|
|
Join Date: Jan 2008
Posts: 30
|
|
|
Aud
Hii
Jamie and Mike .... thanks for your views. I will be watching closely these levels..
Good Luck
Regards
Jewel
|
03-04-2008, 03:17 PM
|
|
Moderator
|
|
Join Date: Jan 2007
Posts: 1,230
|
|
Quote:
Originally Posted by Big Mike
We might have to revise the NZDUSD count.
(AUDUSD did the same, too)
Mike
|
Mike, 5 pips on an intraday chart is not significant. Overlaps can happen on short time frames.
|
03-04-2008, 03:36 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by Jamie Saettele
Mike, 5 pips on an intraday chart is not significant. Overlaps can happen on short time frames.
|
Thanks Jamie
You are my saviour!
Some people on this forum were giving me a hard time in the past for "violating" the EW rules.
But, Elliott states categorically that in the highly leveraged markets an intraday overlap is allowed.
Mike
|
03-04-2008, 03:38 PM
|
|
Member
|
|
Join Date: Jan 2006
Posts: 32
|
|
Quote:
Originally Posted by Jamie Saettele
|
Thank you.. I will go and check hereinafter. Normally, I get them thro email and since there wasn't any email on crosses for sometime, I thought you have discontinued. But i get emails on all other updates including Daily tech strategy as before.
|
03-04-2008, 03:52 PM
|
|
Moderator
|
|
Join Date: Jan 2007
Posts: 1,230
|
|
Quote:
Originally Posted by Big Mike
Thanks Jamie
You are my saviour!
Some people on this forum were giving me a hard time in the past for "violating" the EW rules.
But, Elliott states categorically that in the highly leveraged markets an intraday overlap is allowed.
Mike
|
Exactly. I would not allow it on a daily closing basis. But on an intraday basis, it can happen...especially with 1st waves.
|
03-04-2008, 04:30 PM
|
 |
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
|
Elliiott Waves
Diagram Explantion - ( originally posted by Justy..... )
------------------------------------------------------------
Last edited by marketwavez2; 03-04-2008 at 04:32 PM..
|
03-04-2008, 04:33 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
|
Ending Diagonal
In this chart formation ,
Yes , you can can have Wave 4 overlapping Wave 1
(in which usually occurs at the end of a larger End of Wave 5 )
See chart below ...........
///////////////////////////////////////////////////////////////////
Special note ,
Price must touch the upper or lower resistance line
of the rising triangle at point #1 , Point#3 & Point #5
-------------------------------------------------------------
Last edited by marketwavez2; 03-04-2008 at 05:04 PM..
|
03-04-2008, 04:37 PM
|
|
Moderator
|
|
Join Date: Jan 2007
Posts: 1,230
|
|
Quote:
Originally Posted by marketwavez2
Elliiott Waves
Diagram Explantion - ( originally posted by Justy..... )
------------------------------------------------------------
|
Ok, very good but I am not sure what it is we are talking about anyway because there isn't overlap anyway. iv and i do sometimes overlap on very very very short term time frames in the wave 1 position. If you want to call it a diagonal instead of an impulse then fine with me. All I am looking for are profitable ideas (big moves) and the tiny details such as this are not worth arguing discussing.
|
03-04-2008, 04:44 PM
|
|
Member
|
|
Join Date: Aug 2007
Posts: 174
|
|
|
nothing new - just continuing on EURCHF from yesterday...
After a discussion yesterday, took a look at it today again... and must say as a fan of Elliott Wave and Fibonacci beauty, found this... That is ignoring the intraday ending of wave 4 wherever it is (as discussed with justy yesterday)...
Plus, the expanded flat is strating to make sense to me as well justy...
Picolo
|
03-04-2008, 04:51 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by Jamie Saettele
Ok, very good but I am not sure what it is we are talking about anyway because there isn't overlap anyway. iv and i do sometimes overlap on very very very short term time frames in the wave 1 position. If you want to call it a diagonal instead of an impulse then fine with me. All I am looking for are profitable ideas (big moves) and the tiny details such as this are not worth arguing discussing.
|
We still need another leg down to the area indicated by my hand written red "c", correct?
(Do not be annoyed, I am trying to learn)
Mike
|
03-04-2008, 04:57 PM
|
 |
Member
|
|
Join Date: Dec 2007
Posts: 1,625
|
|
Quote:
Originally Posted by Big Mike
We still need another leg down to the area indicated by my hand written red "c", correct?
(Do not be annoyed, I am trying to learn)
Mike
|
I think he's saying that the rally from 0.7955 could be the beginning of the larger move we're all waiting for. We'll know for sure once that actually does turn into a five wave move, but it doe look like a probable count.
Last edited by justy10125; 03-04-2008 at 05:02 PM..
|
03-04-2008, 05:14 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by justy10125
I think he's saying that the rally from 0.7955 could be the beginning of the larger move we're all waiting for. We'll know for sure once that actually does turn into a five wave move, but it doe look like a probable count.
|
I suppose, my question was precipitated by the fact that all I see are three waves down in the presumed wave C, so far, not 5
So, we should still wait for the 5th wave, that was my question.
|
03-04-2008, 05:26 PM
|
|
Member
|
|
Join Date: Jul 2005
Posts: 3,865
|
|
Wow ! ............. Success !
ALL TARGETS HAVE BEEN REACHED TODAY ..... 
---------------------------------------------------
Usd/Cad
///////////////////////////////////////////////////////////////////
- Trade set-up from Friday , last week ( 2 days ago )
The Usd/Cad- price entry of 9750 was triggered
--------------------------------------------------------------------
............ Gain of 215 points today...............
--------------------------------------------------------------------
Original Post ............... Post # 4348
http://www.learncurrencytrading.com/...13880&page=290
//////////////////////////////////////////////////////////////////////////////
Long - Usd/Cad....9750 ....................... 1st Stop...... 9700
1st Target.......9924........................ . 2nd Target .......... 9965
-----------------------------------------------------------------
NO HINDSITE , NO OSCILLATORS , NO NEWS , & NO MEETINGS
-----------------------------------------------------------------
It's all in the chart's ...............
Last edited by marketwavez2; 03-04-2008 at 06:21 PM..
|
03-04-2008, 05:30 PM
|
|
Member
|
|
Join Date: Oct 2005
Posts: 1,606
|
|
Quote:
Originally Posted by marketwavez2
Wow ! ............. Success !
ALL TARGETS HAVE BEEN REACHED TODAY .....
---------------------------------------------------
Usd/Cad
///////////////////////////////////////////////////////////////////
- Trade set-up from Friday , last week ( 2 days ago )
The Usd/Cad- price entry of 9750 was triggered
--------------------------------------------------------------------
............ Gain of 215 points today...............
--------------------------------------------------------------------
Original Post ............... Post #
os
//////////////////////////////////////////////////////////////////////////////
Long Usd/Cad....9750 ....................... 1st Stop...... 9700
1st Target.......9924........................ . 2nd Target .......... 9965
-----------------------------------------------------------------
NO HINDSITE , NO OSCILLATORS , NO NEWS , & NO MEETINGS
-----------------------------------------------------------------
It's all in the chart's ...............
|
nicely done, my friend.
i am still long USDCAD
Mike
|
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
