Thread: Elliott Wave Trading Discussion

[QUOTE=brad_1199;297054]GBPUSD DAILY CHARTS ------------>

So if your wave count is correct then S&P would most likely go over 1000? Most of the big firms already sold/shorted so sentiment needs to take a complete 180 turn by next week?

Net Corporate Selling
April '09 - $10 Bln
May '09 - $63 Bln.
Source: TrimTabs

Net Insider Selling
April '09 - $1.9 Bln.
May '09 - $2.2 Bln.

Hey Guys,

Here's an update to the count I'm following for USD/CAD.

Originally Posted by justy10125

Hey Guys,

Here's an update to the count I'm following for USD/CAD.

Looks like we are following a very similar count, with a few variations. I believe we completed the triangle on Friday and have started the move up to complete wave 5. Either way, we should go higher to start the week.

Originally Posted by apipintime

Looks like we are following a very similar count, with a few variations. I believe we completed the triangle on Friday and have started the move up to complete wave 5. Either way, we should go higher to start the week.

Are you showing that wave (Y) of a W-X-Y is going to be in five waves?

Originally Posted by marketwavez2

Usd/Yen

=================
2 Chart Update :

=================
End of Wave A

marketwavez, do you have an update to this? With the drop to 96.23 would you consider that the B wave or has the A correction still incomplete.

good job!!!!

Originally Posted by Trading4cash

The Eurodollar makes a seemingly more convincing case for a downward move for sometime, in order to complete a 4th wave.

It seems difficult to the cable going up and eur/usd going down.
For me it s down for both.

Originally Posted by brad_1199

GBPJPY DAILY CHARTS ------------>

Hi Brad,
I am following the same count for this pair and I think the price should top at the price range of 168.92 to 169.62 and as far as the time I am projecting toward the end of next week.( 06/23 to 06/26).
I understand you use the marketscope charting software, if so can please explain if the soft has the option of making fibo. APP from 3 points( measured from two points and projected from the 3rd point)?
Or not and one should do it by calculating?
I thank you in advance!

Edward,

Âåñåëî òóò ó Âàñ!Êëàññíûé ôîðóì!

Originally Posted by justy10125

Are you showing that wave (Y) of a W-X-Y is going to be in five waves?

Good point. I had originally labeled the triangle a wave XX of a triple three a few posts back, but then realized that XX can't be a triangle. As you can see, I am still grinding my way through learning how to label complex corrections. So, these are potential counts as I can see them now?:

1. Double zigzag
2. Triple zigzag
3. New impulse to the upside (currently in wave i of 3)
4. Completing first component of either a double or triple combination

Any thoughts?

Originally Posted by apipintime

Good point. I had originally labeled the triangle a wave XX of a triple three a few posts back, but then realized that XX can't be a triangle. As you can see, I am still grinding my way through learning how to label complex corrections. So, these are potential counts as I can see them now?:

1. Double zigzag
2. Triple zigzag
3. New impulse to the upside (currently in wave i of 3)
4. Completing first component of either a double or triple combination

Any thoughts?

pippin, friend, attach the chart !
that is the fastest way...

Originally Posted by ravno

pippin, friend, attach the chart !
that is the fastest way...

Hey Ravno,

Here she is, with a few corrections. I believe that we are in wave (i) of 5 coming out of the triangle, as per fridays price action.