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06-27-2009, 09:40 PM #24121
EUR/CHF - Possibilities
Further to the EUR/CHF, here is an update to the list of possibilities. The two bullish counts (labeled as zig/zag and flat) are the most probable right now.
06-27-2009, 10:19 PM #24122
Robert Miner I don't know; did not come across his work.
Originally Posted by marketwavez2
I will trust you that he is good and will try to find more about him.
Recently, there have been a real flood of various new names and new institutions trying to capitalize on the EW Principle and EW name.
Are they usurpers? Pretenders? Trend followers?
They all have one commen denominator: Trying to sell you some information for huge bucks.
But honmestly, on this Forum there is better info for free than the one that you can buy for cash from some half-cooked elliotticians
06-27-2009, 10:39 PM #24123
I put nasdaq 2000 on the same chart, side by side.
Originally Posted by sel
Fortunately or not, I can see the same pattern in DOW right now.
06-27-2009, 11:56 PM #24124
Robert Miner's stuff on time and price analysis is pretty good, but he has a very misguided view of the Elliott Wave theory. In my opinion his application of the Wave Principle is sloppy and incorrect. But again, his stuff on time and price analysis is worth checking out if you are interested.
Originally Posted by Big Mike
06-28-2009, 02:34 AM #24125
Last edited by brad_1199; 06-28-2009 at 02:56 AM.
06-28-2009, 04:05 AM #24126
brad, weird to see you count something below the dailies, and your count doesnt not look correct to me, as well:
your fifth wave is very clearly a irregular correction, and is by no means part of a impulse.
not to mention your daily count where you simply put A, B and then a mega C in both price and time - kind of weird for a correction, isnt it.
06-28-2009, 06:24 AM #24127
May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a 100 And 200 MVA Cross Over. So May be It will Jump Very well Soon. Before there has Little About The Volume So Less were Now It is Good In Daily Chart Time Frame...
Now it The Monthly Chart as you can see, The Fabo 61.8%. are the Just of The Open of the GBP/JPY currency Pair. And It could Be the Resistance of the Gbp/Jpy. So Maily It hit From there and Move Back As you can see Then It touch The 150.00 LEVEL so Move Back To the New Trend.
No worry, Give Tension take Observation.
06-28-2009, 09:44 AM #24128
Originally Posted by Xiao
and this has what do do with EW?
there are forums for your clouds but this is not one of them.
Don't Chase the market let the market come to you
06-28-2009, 11:05 AM #24129
Had a very busy week last week and kind of lost count, but it looks like we have a series of 3:3:3 corrections, something like this:
06-28-2009, 11:54 AM #24130
[QUOTE=Xiao;300737][SIZE="3"]May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a “ 100 And 200 MVA Cross Over.
At this time I would be careful with any japanese crosses.
Given the terrible bearish look of CHFJPY and CADJPY with USDJpY not far behind, I would not support bullish case for any japanese crosses, as they all move in a similar pattern.
Simply, I do not see one japanese cross bullish and another bearish.
They all move pretty much in a lockstep
Last edited by Big Mike; 06-28-2009 at 11:57 AM.
06-28-2009, 03:34 PM #24131
Eur-Usd, Hourly Count
As much as I like your count on EUR-USD man, i think we're going up as well.
Check this trendline on hourly.
06-28-2009, 03:41 PM #24132
I looked at his website Dynamic Trading. He offers several courses; each course is made of 6 or more CD's.
Originally Posted by justy10125
Personally, I am avoiding information overflow. But, it is me.
There are too many so-called systems on the market; some automated, some manual.
I tried 3 recently. They all cost me money. For once, the purchase cost and laRGE TRADING LOSSES.
So, I rather focus on my own interpretation of Elliott; recently I staretd adding japanese candlesticks from time to time. Mostly, following Brad examples and his charts.
Learning is a life long process. There are no miracle sysytem that will make you an instant millionaire. Quite the opposite, most trading systems promising millions in return will drive a gullible trader into bankruptcy.
You ned to be very specific, disciplined and independently thinking.
After all, it is your money and only you are responsible.
06-28-2009, 03:53 PM #24133
i support your rationale.
Originally Posted by AV1
See my chart below with graphic description on the daily scale.
Personally, i am long since 1.38 and 1.39 (2 positions)
06-28-2009, 04:20 PM #24134
Big Mike.... You are very correct, you must be an independant thinker and ignore all others when it comes to your trading... Seek out opinions from others and as much other information you may need to help in your decisions, but sift through all the information with a grain of salt and then take a look at price action and rationalize for yourself... Candlesticks are a great tool to have as well.... I always tell any trader to get your hands on as much candlestick knowledge as possible from Steve Nison's website at CANDLECHARTS - STEVE NISON ---//--- He is the candle master and the information you can learn from his teachings is invaluable and worth every penny....
Originally Posted by Big Mike
06-28-2009, 04:32 PM #24135
Hi there Q... That daily chart was actually one of two different scenarios I had already posted for GBPUSD in here a little earlier... I really have doubts about wave 5 extending as high as that chart shows... From a longer term range perspective I think there's a really strong reversal point around 1.7150 .... Also the 161.8 Fib Extension of wave "A" is at 1.7386 (not far off) ... With the 100.0 extension showing only temporary resistance I think its real likely price extends higher from here and reverses from the 161.8 extension..... So I'm watching 1.7386 very closely for a reversal...
Originally Posted by qsx
Last edited by brad_1199; 06-28-2009 at 05:00 PM.