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11-08-2008, 02:57 PM
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EURUSD
Fact that price dropped after NFP's tells me we are very bearish.
Attached 4h chart shows classic ABCDE triange.
Top of retrace at 38.2% fibo level, which is very bearish as well.
I expect the downtrend to resume soon.
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11-08-2008, 03:30 PM
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If the down trend does not resume the next week, this is one possibility I am expecting for EURUSD.
Last edited by emil.taghiyev; 11-08-2008 at 04:20 PM..
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11-08-2008, 03:41 PM
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gbpusd
I wonder, are we possibly in the initial stages of a wave 5 of 5?? And could it end in a triple bottom??
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11-08-2008, 04:18 PM
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Quote:
Originally Posted by apipintime
I wonder, are we possibly in the initial stages of a wave 5 of 5?? And could it end in a triple bottom??
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Your chart corresponds to my goal for GBPUSD of 1.50, or possibly lower than that.
Which is not withstanding the fact that we will see some up and down small waves, before we'll get there. |
11-08-2008, 04:34 PM
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When I look at the weekly chart of USDJPY, this is what I see.
My goal is 79.
But, it might take a long time to get there. Probably several months.
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11-08-2008, 04:41 PM
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Last edited by emil.taghiyev; 11-08-2008 at 04:45 PM..
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11-08-2008, 05:06 PM
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are you kidding?
you know who prechter is??
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11-08-2008, 05:19 PM
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Quote:
Originally Posted by qsx
are you kidding?
you know who prechter is??
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Yes Elliotician  |
11-08-2008, 07:55 PM
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BIG MIKE
Quote:
Originally Posted by Big Mike
Please allow me the liberty of scribbling on your chart.
I put on your chart my interpretation, as you can see.
Also, the question arises, how to label this choppy bunch of overlapping waves. What do you think?
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Big Mike ! My Poor Chart.... You Have Defaced The Mona Lisa ! LOL :P |
11-08-2008, 08:04 PM
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Quote:
Originally Posted by apipintime
My interpretation:
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Apipintime;
Your count is exactly the one I am following. A good indication, if you are off the count is the throwover and reversal back through the triangle, in this case ending diagonal. A reversal into a triangle or wedge is one off the clearest bear signals you can get.
A good chart to study the ending diagonal is the AUD/USD from this summer.
Good Luck. |
11-08-2008, 08:15 PM
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Emil;
Check your book. Wave 4 already crossed into wave 4 of 1 lesser degree. The high is in. The only question I have is "Is wave e complete?" If yes we are headed to 1.1674. In any event, wave e should not exceed the high of wave c.
Good Luck.
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11-08-2008, 08:30 PM
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Quote:
Originally Posted by aerocom
Emil;
Check your book. Wave 4 already crossed into wave 4 of 1 lesser degree. The high is in. The only question I have is "Is wave e complete?" If yes we are headed to 1.1674. In any event, wave e should not exceed the high of wave c.
Good Luck.
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Hi, could you please explain posting your chart, I am almost new to Elliot
Thank you |
11-08-2008, 09:24 PM
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Quote:
Originally Posted by emil.taghiyev
Hi, could you please explain posting your chart, I am almost new to Elliot
Thank you
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ok you are new ... ....................
Did you get peretche's book yet ?... It's a great place to start !..... 
Why not just take the next few months and review it ?
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11-08-2008, 09:28 PM
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Quote:
Originally Posted by Orlando T
If this is the case and we are running into a bearish market trend it should not last long as we all know the drop will or should be sharp but brief. And hopefully we will then run into a bullish market run shortly thereafter. Has anyone actually run the technical analysis on the information you have to predict the movement of the market? Just courious.
Orlando
Forex Trading System Information |
Just wanted to say ,
Love the Zoot Suit ...........
-------------------------------
Last edited by marketwavez2; 11-09-2008 at 07:38 PM..
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11-08-2008, 09:31 PM
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Quote:
Originally Posted by marketwavez2
ok you are new ... ....................
Did you get peretche's book yet ?... It's a great place to start !.....
Why not just take the next few months and review it ?
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Do you mean "Major Works of Elliot" by pretcher? |
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