Thread: Elliott Wave Trading Discussion

Originally Posted by brad_1199

And what I meant when I asked for a long term chart from you was a chart showing waves 1 and 2 prior to the waves 3 and 4 I had labelled...

Brad ,,,,,,,
You have to say what you mean , .....

- at the time , you did not say this in this manner

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Originally,
when i saw your chart .....
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you only had wave 3 and wave 4 on your your chart ,

thats where this all began

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i simply was asking to see the entire wave sequence of 1 2 3 an d 4 from you
in which you responded saying that you didn't have enough data going back


so when you say this :

Originally Posted by brad_1199

You know as well as I that there is not a GBPUSD monthly chart with enough previous historical
price action to show those waves....

.... this is your assumption not mine ........ i never said this

in fact ,
i immediately gave you a chart gave you a chart going back to the 70's

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Here is your chart again


and here is chart with more bars on it , again

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Originally Posted by marketwavez2

...... Justy , I agree with Pippin ----
End of E Wave ,,, doesn't have to touch trend line .

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Keep up the good work

I didn't say it had to????

Deep breath, everyone.

Originally Posted by justy10125

I didn't say it had to????

ok,,,,, Justy
but i was just agreeing with what Pippin was saying to you

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Originally Posted by apipintime

I am not quite sure how this chart, with a couple of years more data, clears up the picture any.

It doesn't ! ... Also, market offered no count on that chart... We have to work with the price action that is visible since there is not enough historical data in the pair...

Assuming that all markets are the same market, I see a large wave 5 down occouring across the market in general, and in each pair it will play out differently.... Using this consensus when looking at the long term GBPUSD chart, I think it's highly probably that the high made at 2.1160 indicates a wave 4 top, and seeing the subsequent impulse drop from that point indicates a likely wave 5 extension to the down side...

Pippin;

Here's the $usdndx file.

Good Luck.

Originally Posted by marketwavez2

ok,,,,, Justy
but i was again
was just agreeing with what Pippin was saying to you

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Okay. I agree as well that wave (E) doesn't have to touch the A-C line. I'm still not sure what your point is though... But I'm sure you will make it known.

If the confusion comes from the fact that I drew a line that happened to touch the triangle line, then my bad. My apologies... I was only illustrating that I think another decline is required before wave (E) is complete. Here is another chart showing the decline so far is only in five waves, which means that wave (E) is likely not complete.

Originally Posted by brad_1199

It doesn't ! ... Also, market offered no count on that chart... We have to work with the price action that is visible since there is not enough historical data in the pair...

Assuming that all markets are the same market, I see a large wave 5 down occouring across the market in general, and in each pair it will play out differently.... Using this consensus when looking at the long term GBPUSD chart, I think it's highly probably that the high made at 2.1160 indicates a wave 4 top, and seeing the subsequent impulse drop from that point indicates a likely wave 5 extension to the down side...

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Brad ..... I offer no count ....... because I don't have one


again ,
Thats why I was originally asking you for your complete count ...............
( your chart clearly illustrates Wave 3 and Wave 4 )

I was originally asking you a chart with the entire sequence of 1 2 3 and 4

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Again, here is your original chart

Originally Posted by brad_1199

It doesn't ! ... Also, market offered no count on that chart... We have to work with the price action that is visible since there is not enough historical data in the pair...

Assuming that all markets are the same market, I see a large wave 5 down occouring across the market in general, and in each pair it will play out differently.... Using this consensus when looking at the long term GBPUSD chart, I think it's highly probably that the high made at 2.1160 indicates a wave 4 top, and seeing the subsequent impulse drop from that point indicates a likely wave 5 extension to the down side...

Here is a possibility:

--Bangs Head Against Wall In Confusion--

Originally Posted by aerocom

Pippin;

Here's the $usdndx file.

Good Luck.

Thanks Aerocom,

Unfortunately, I have zero experience or understanding how P&F charts work.

Originally Posted by justy10125

Okay. But so far the wave (E) as it is now is in five waves. Therefore we need another decline to make wave (E) into a three wave move.

Justy;

I agree with you on the cad and I am looking for wave c of E to end in the area of .618 of a of E, at about 1.1978.

Good Luck.

Brad -----Lets start over

first of all , ................

Sorry ,
I don't have a wave-count , going back that far in time
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So, I'm asking you again :

Do you have a complete wave-count of wave 1 2 3 and 4
for your long-term original chart you posted on Friday ?

thax alot
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again , im sorry ,
i don't have a longer term wave count chart going back that far ,,,,,,,

this is s the reason why I'm asking ,,,,,,

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Here is a chart with more bars on it , since you don't have one

Heres something I've been quietly keeping an eye on for a while... And it looks pretty sweet now... Probably even more sweet within a few days tops !

Originally Posted by marketwavez2

Brad -----Lets start over

first of all , ................

Sorry ,
I don't have a wave-count , going back that far in time
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So, I'm asking you again :

Do you have a complete wave-count of wave 1 2 3 and 4
for your long-term original chart you posted on Friday ?

thax alot
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again , im sorry ,
i don't have a longer term wave count chart going back that far ,,,,,,,

this is s the reason why I'm asking ,,,,,,

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Here is a chart with more bars on it , since you don't have one

I don't have a chart going back any further than the one you have presented ... But I wish I did...