Thread: Elliott Wave Trading Discussion

Originally Posted by marketwavez2

Gbp/Usd

Here a look at the Gbp/Usd for today ..........

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I think wave 5 should fade out around 162.50 long before the drop to 160... at least thats what I am watching to enter long.. have I any chance here?

Originally Posted by Arnaldo

I think wave 5 should fade out around 162.50 long before the drop to 160... at least thats what I am watching to enter long.. have I any chance here?

Can you post a chart ? ............ so we see what you are saying visually ?

thanx

( We all have an equal chance to win or loose ) it all depends on your entry and exit

Originally Posted by Ilovepippin

Where I am from we have a saying: "Don't cheer before the bear is shot".
Or here: "It ain't over until the fat lady sings".

So, I am going to wait and see. This is forex, anything can happen.
But I think your GBPUSD chart is spot on!
Thanks.

Gbp/Usd
--------------------------
Here's yet another view ...........

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I dont know how to add a chart here but anyway its only a guess since wave 5 is in most cases an exhaustion wave and shouldnt be strong enough to touch 160

Originally Posted by Sean Hyman

qsx, haven't heard from you today. Would love to see what you're looking at right now and what your counts look like on whatever you're seeing out there.

we dont need to trade every day, do we

didnt find anything really sure today, however i am watching this one for a potential reversal.. probably tommorow.

as long as this doesnt drift lower in a fifth wave it is NOT a diagonal and this chart is RUBBISH, but if it does, i will be quite sure the downmove (possibly the whole move from 1,70) has completed.

in fact, that fits quite well with this eye hitting 5 wave advance in euro/dollar.

Originally Posted by marketwavez2

Gbp/Usd
--------------------------
Here's yet another view ...........

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Looks like a wedge, shaped like a wedge, but doesn't count as a wedge.
An ending diagonal is 3:3:3:3:3 structure.

Edit: Q's wedge looks like a wedge though...

Originally Posted by qsx

we dont need to trade every day, do we

didnt find anything really sure today, however i am watching this one for a potential reversal.. probably tommorow.

as long as this doesnt drift lower in a fifth wave it is NOT a diagonal and this chart is RUBBISH, but if it does, i will be quite sure the downmove (possibly the whole move from 1,70) has completed.

Thanks for the chart qsx. Yeah, I agree too...there are times when I don't trade either.

No sense in "trading to trade" without a sense of direction. I agree.

Thanks for the chart.

Originally Posted by Arnaldo

I dont know how to add a chart here but anyway its only a guess since wave 5 is in most cases an exhaustion wave and shouldnt be strong enough to touch 160

Originally Posted by AyoBro

OK, I need help posting a chart. Keep in mind I have a mac.

How to Attach a Chart .......

( Print out a copy of this message and follow along )

Step 1 Save your chart to your computer and give your chart a file name


Step 2 Save your chart as a jpeg image or giff image
( this is very important ! )

Step 3 Save your chart to your computer 's Desktop

Step 4 Go to DailyFx page where you you want to post your message

Step 5 click the words "Post Reply" ( Light Blue color box) lower left hand side of page

Step 6 write your message in the blank space provided

Step 7 scroll down to where you see the words " Manage Attachments"

Step 8 Click on the words " Manage Attachments "( Grey color box )

step 9 You should now see 1 seperate boxe saying " Browse "

step 10 click on the boxe that says " Browse "

step 11 now use the drop down box that appears to go to
" My Desktop"-
this is where you put your saved chart - Remember ?

Step12 find your chart by the name the tiltle you gave it

step 13 click on your chart by that name that you gave it

step 14 click on the word "Upload " ( Grey color box )


Step 15 Do this again if you want to add a second or third chart.

Step 16 .....Click the words " Close Window "

Step 17 .... Check your messege for mispelled words

Step 18 .....Click where you see " Submit Reply "

Step 19 ..... You are done !

Thanks! Will try if needed

Originally Posted by Ilovepippin

Looks like a wedge, shaped like a wedge, but doesn't count as a wedge.
An ending diagonal is 3:3:3:3:3 structure.

Edit: Q's wedge looks like a wedge though...

Forget about all that wedge business
there is a 38% retracement there ,,,,,,,,,,,,

Doesn't that count for something ?

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Originally Posted by Arnaldo

Thanks! Will try if needed

Arnaldo ,

i went through the trouble and posted those instructions to be able see your chart ?

isn't this an " if needed " moment ?

---------------------------- --------------------

Originally Posted by Arnaldo

Thanks! Will try if needed

Yeah, I'd agree with marketwavez2 on this...be sure to post a chart since this Elliott Wave forum requires visuals to see counts. It will help everyone as you talk about your chart. Thanks.

We look forward to your posts.

Step 1 Save your chart to your computer and give your chart a file name


Step 2 Save your chart as a jpeg image or giff image
( this is very important ! )

Step 3 Save your chart to your computer 's Desktop

Step 4 Go to DailyFx page where you you want to post your message

Step 5 click the words "Post Reply" ( Light Blue color box) lower left hand side of page

Step 6 write your message in the blank space provided

Step 7 scroll down to where you see the words " Manage Attachments"

Step 8 Click on the words " Manage Attachments "( Grey color box )

step 9 You should now see 1 seperate boxe saying " Browse "

step 10 click on the boxe that says " Browse "

step 11 now use the drop down box that appears to go to
" My Desktop"-
this is where you put your saved chart - Remember ?

Step12 find your chart by the name the tiltle you gave it

step 13 click on your chart by that name that you gave it

step 14 click on the word "Upload " ( Grey color box )


Step 15 Do this again if you want to add a second or third chart.

Step 16 .....Click the words " Close Window "

Step 17 .... Check your messege for mispelled words

Step 18 .....Click where you see " Submit Reply "

Step 19 ..... You are done !

Originally Posted by JKnPA

Ravno,
Again, thank you for taking the time to analyse the chart/s.
In conclusion....... I would say our chart count is very similar. I included this chart showing what I thought was wave 4, but that 'spike' (noted on the chart) barely penatrated the top of Wave 1. Hence I added the note about ' altered count due to spikes'. The count in Wave 5 also seemed 'iffy' !
* I was hoping this Forum was about 'Learning' by helping others, especially in this thread "Elliott Waves'. I guess the forum can be anything posters/moderator want it to be. I don't believe it should be a forum to post charts, so others are encouraged to TRADE off of. Besides, most traders don't trade all day.
Just MHO...............
JK.

Your count is, actually, also correct...
Why ?
Because the wave 4 can _enter_ the territory of the wave 1.
What wave 4 can't do is to _finish_ in the wave 1 territory.
So, when the wave 4 happens to be a triangle (as in your count) then it's possible for the first leg of this triangle to enter shortly into the wave 1.

Edit: The problem with your count, however, is in the wave "3?"...

Originally Posted by ravno

Your count is, actually, also correct...
Why ?
Because the wave 4 can _enter_ the territory of the wave 1.
What wave 4 can't do is to _finish_ in the wave 1 territory.
So, when the wave 4 happens to be a triangle (as in your count) then it's possible for the first leg of this triangle to enter shortly into the wave 1.

Edit: The problem with your count, however, is in the wave "3?"...

Ravno ...... i see that Jknpa chart is a 425 min bar chart

is it possible to repost the same chart with 240 min ?


JKnpa can you please repost a 240 min bar chart ?

i think doing this can help to see the sub waves a little bit better

Originally Posted by marketwavez2

Ravno ...... i see that Jknpa chart is a 425 min bar chart

is it possible to repost the same chart with 240 min ?


JKnpa can you please repost a 240 min bar chart ?

i think doing this can help to see the sub waves a little bit better

as far as i understand, 425 minutes was the length, or the total period.
the chart itself is 5 minutes chart.