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03-09-2008, 12:36 PM
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Thanks for sharing your thoughts, very appreciated.
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03-09-2008, 12:47 PM
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Quote:
Originally Posted by WaveFan
Thanks for sharing your thoughts, very appreciated.
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The short term EUR/JPY count you have is the same as what I'm following as well. The most recent A-B-C correction has made a nice bear flag just above monthly trendline support, which is providing a nice barrier to bust through. We could possibly have a stop run as we see price move lower through that line. The next few weeks should be exciting.
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03-09-2008, 12:59 PM
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I think under this count price won't violate 159.20 keeping it intact. The rally from spike low 155.90 to 159.20 completed a 61% fibonacci of what could be wave 1 of 3 of 3.
So I think 159.20 will be intact, a short term top and if thats the case given this count is right eurjpy will decline very very soon in wave 3 of 3 of 3 below 159.20.
Actually, the clear counts for both USDJPY and EURJPY make little doubt that they are going lower over next weeks and months, I am spending the larger time deciding which pair has a higher reward relative to drawdawn and risk 
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03-09-2008, 02:14 PM
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Hold the phone guys...What??? 3 of 3 of of 3 of 3? Where?
Last edited by AdrianEI; 03-09-2008 at 02:17 PM..
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03-09-2008, 02:49 PM
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Registered User
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Join Date: Feb 2008
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EURJPY waves
Hi everyone!
Very good forum, thx to everyone for contribuing effectively.
I'm not an elliottwave expert, so i'm learning.
Here is my count for the EURJPY!
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03-09-2008, 05:25 PM
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Registered User
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Join Date: Jan 2008
Posts: 1
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Aud/usd
Dear Sir,
Is there any chance in AUD/USD to come down??
i purchased to sell AUD @ 0.8938 but it went too high
your early recomandation to sell off or keep highly appreciated
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03-09-2008, 06:28 PM
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Join Date: Mar 2008
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Quote:
Originally Posted by AdrianEI
Hold the phone guys...What??? 3 of 3 of of 3 of 3? Where?
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Adrian, I've attached a chart and I explained in my point of view where is 3 of 3, of 3.
By the way, it's not 3 of 3 of 3 of 3, and ..by the way too, If you are being sarcastic or like to be, thats different story.
Please put some respect within your sentences to others even if they are wrong.
Thanks
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03-09-2008, 09:02 PM
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Relax Wavefan. Lighten up.
Selling EURJPY is probably the best bet, but the count looks incorrect.
Thanks,
Adrian
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03-09-2008, 11:13 PM
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Thanks Adrian, good luck
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03-09-2008, 11:14 PM
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Actually, I do not know where AUD is heading, it had to make new highs last week but it keeps going down. I can't put such recommendation. I am here to learn and share and my recommendation would make a trouble 
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03-09-2008, 11:15 PM
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Join Date: Dec 2007
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Quote:
Originally Posted by Briskman
Hi everyone!
Very good forum, thx to everyone for contribuing effectively.
I'm not an elliottwave expert, so i'm learning.
Here is my count for the EURJPY!
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Hey Briskman,
Welcome to the forum! This is a pretty good place to come and share your ideas and to see what everybody else is thinking.
It looks like you are overall bearish on the EUR/JPY, as is most everybody else here, so that's good. Here's a chart that shows how I'm counting recent price action. It looks like this week we'll be starting wave (iii) of (3), so the decline should accelerate as we bust through a support area that's sitting at ~155.00.
Keep posting your charts!
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03-09-2008, 11:21 PM
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Quote:
Originally Posted by justy10125
Hey Briskman,
Welcome to the forum! This is a pretty good place to come and share your ideas and to see what everybody else is thinking.
It looks like you are overall bearish on the EUR/JPY, as is most everybody else here, so that's good. Here's a chart that shows how I'm counting recent price action. It looks like this week we'll be starting wave (iii) of (3), so the decline should accelerate as we bust through a support area that's sitting at ~155.00.
Keep posting your charts!
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I am waiting the gap to be filled to short half position around 157.80.
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03-09-2008, 11:27 PM
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Join Date: Dec 2007
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Quote:
Originally Posted by WaveFan
I am waiting the gap to be filled to short half position around 157.80.
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There is a very clear 5 wave move to the upside on the 5 minute chart of the USD/JPY. That is probably wave 'A' of the correction and wave 'B' is forming right now. I'm going to wait until I see another five wave move in the USD/JPY to complete the A-B-C correction before I get short in either USD/JPY or EUR/JPY.
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03-09-2008, 11:35 PM
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Quote:
Originally Posted by sadique
Dear Sir,
Is there any chance in AUD/USD to come down??
i purchased to sell AUD @ 0.8938 but it went too high
your early recomandation to sell off or keep highly appreciated
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Hi Sadique,
The count that most of us here are following shows that one more high is required to complete a five wave rally that began back in Jan. at 0.8511. Furthermore, this five wave advance is the end of a large A-B-C correction that began way back in April 2001 (visible on the monthly chart). As Jamie has said before, tops and bottoms in the currencies and commodities tend to be blow off moves, meaning that this fifth wave has a good chance of rocketing higher.
Below is a chart showing the rally that began in Jan off of 0.8511. You can see that so far waves 1 through 4 are complete and that wave five is in the works right now.
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03-09-2008, 11:47 PM
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Learning
Quote:
Originally Posted by WaveFan
Actually, I do not know where AUD is heading, it had to make new highs last week but it keeps going down. I can't put such recommendation. I am here to learn and share and my recommendation would make a trouble |
Hey WaveFan,
I think you should post your charts. And ask your questions too. This forum is a great place to learn and there is a lot of knowledge here, so take advantage of it. Most people here have some tact and don't make a big deal if your count isn't quite right, and they offer good suggestions as to a better count. If you've got a question about Elliott Wave in general, then ask it. We're all learning here, so chances are good that somebody else has the same question. If you learn something that makes you a better Elliottician, your charts will get better and that in turn will benefit everybody here.
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