Thread: Elliott Wave Trading Discussion

Originally Posted by justy10125

How do I know what?

Originally Posted by justy10125

I know that a lot of people are of the idea that the US Dollar is going to continue its downward spiral into oblivion ....

How do you know that a lot of people are of idea .. (see above) ?

Originally Posted by ravno

How do you know that a lot of people are of idea .. (see above) ?

Because that's what people are saying. I see it here in this forum, and in the media somewhat, and in some of the articles in the financial journals I read.

Originally Posted by bohebolo

understood it.
now, can you tell me how you count the decline from 2.11 to 1.35? please...

Hi bohebolo,

I have the count exactly the same as yours.

Patryk

Originally Posted by justy10125

Because that's what people are saying. I see it here in this forum, and in the media somewhat, and in some of the articles in the financial journals I read.

Could you post some links?

The reason i ask is very simple.
I'm personally a dollar bull already since few month, entering and exiting the dollar long positions quite a few times.
You can imagine, that could be stressful at times..
Now, when you say that you see how many people are dollar bears, it sounds to me like a good news...
But after so many attempts i've become quite sceptical.

So, if you could share where have you seen these dollar bear sentiments, i would appreciate it....

Originally Posted by ravno

Could you post some links?

The reason i ask is very simple.
I'm personally a dollar bull already since few month, entering and exiting the dollar long positions quite a few times.
You can imagine, that could be stressful at times..
Now, when you say that you see how many people are dollar bears, it sounds to me like a good news...
But after so many attempts i've become quite sceptical.

So, if you could share where have you seen these dollar bear sentiments, i would appreciate it....

Go back through the pages of this forum and you'll pick up on it. You'll also see it if you pay attention to the news and such.

Originally Posted by justy10125

Go back through the pages of this forum and you'll pick up on it.

Heh, sounds like a good advice.

However, since a have quite a lot of free time, i spent some of it regulary (few hours a day) here (and also on some other forums).

I can even wrap the whole sentiment in one line...

The only clear and strong sentiment is that the GBP.USD and EUR.USD are making the 5-th waves out of their triangles.

Originally Posted by justy10125

You'll also see it if you pay attention to the news and such.

I do pay a lot attention to the news.
That is exactly the reason why i ask you to post some links to the news.
I myself haven't seen lately anything special regarding the dollar.
Could be that i've missed it? Sure, because i only read German papers and some headlines on news portals...
Then once again, help me and send those links which i have missed.

thanks

Here is the result from Thursday's tradesee blog)

All targets hit!
Entry 1.4012
First Target 1.41 = 88 pips
Second Target 1.42 =188 pips
Third Target 1.43= 288 pips
Total 564 pips.

Originally Posted by Ilovepippin

Here is the result from Thursday's tradesee blog)

All targets hit!
Entry 1.4012
First Target 1.41 = 88 pips
Second Target 1.42 =188 pips
Third Target 1.43= 288 pips
Total 564 pips.

Congratulations

Originally Posted by justy10125

The GBP/USD daily chart looks to be rallying in a fifth wave.

Hey Justy,

Assuming that the truncated 5th wave was the completion of Wave 1 down, does the truncation affect the magnitude of the 2nd wave retracement?

Hi,

Here`s my 5m cable chart - it is currently trading arround 1.618 extension of wave 1, but this level was penetrated and 5` looks undone on 1m chart, so either one more push slightly above last or a rally up to 2.618 extension of wave 1 is probably on the way. In case wave 3 top is/will soon be in place a correction should bring the cable down to 1.67 level

congratulations Ilovepippin - good trade

Patryk

Originally Posted by marketwavez2

---------------------- ------------------------ -------------
I've already posted it last night ,,,,,,,,

You were saying something about Dollar Bull ,,,,, So i posted that chart


Maybe you didn't see it ?
--------------------------------------------------------------- ------------
scroll back 2 or 3 pages and re-read post # 15399
that's my take ,,,,, thanx

Us Dollar
Good morning ,

Here is the chart result ------------ End of Wave 3 high

as you can see , Price-action fell off a cliff on Friday ........

=================================== ===================

Originally Posted by fazi

Hi,

Here`s my 5m cable chart - it is currently trading arround 1.618 extension of wave 1, but this level was penetrated ....

Patryk

Hi Patryk,
Sometimes Cable likes to overshoot or undergo the Fibo extensions.
Slightly, just to pick the stops and not to let the "weak hands" to either enter ot hold the positions. Cable is very hard to trade..

So, it's still possible that this 1,61 extension is working...

By the way, talking about the 1 min. chart.
Have you considered the following count ?

Originally Posted by ravno

Hi Patryk,
Sometimes Cable likes to overshoot or undergo the Fibo extensions.
Slightly, just to pick the stops and not to let the "weak hands" to either enter ot hold the positions. Cable is very hard to trade..

So, it's still possible that this 1,61 extension is working...

By the way, talking about the 1 min. chart.
Have you considered the following count ?

Yes Ravno - I see it - quite possible - we`ll soon see - thanks for your comentary

Patryk

Took 2 lots off table at 560 pips profit. 3rd lot still open, stop at top of wave 1.

have you noticed audusd trading slightly above 61.8 fibo from a top ? - seems to be struggling - worth watching I guess