Thread: Elliott Wave Trading Discussion

Originally Posted by VINCY BALBOA

Take me Out of My Correction...


Attachment 36044


thank you

Another look


this is My Very Old Post in USD/JPY ROOM..



thank you

Remember this guy from a couple of days ago?
Here is the update....

Pretty confident in this chart.
Little more room to the downside. I want the MACD to close and test the zero line. We should retrace into previous wave 4 territory and then a big drop down.

is this thinking what i am thinking?
its getting late, time to fade the move back, isnt it.

risking 22 pips.

Originally Posted by qsx

is this thinking what i am thinking?
its getting late, time to fade the move back, isnt it.

risking 22 pips.

Hi, qsx

Seems to be turning up.... I am also watching it.. 142.41 is the magic number - upwards can reach the 70/90 region, else I am closing on the first 10 pips down move - at 142,20

Looks that way doesnt it?!

Has found some major multi-supports in the peaks during July and also within the shoulder candles to the H&S of May/June.

I think we are going to see a nice spikey helmet to this babies head before a big turn-around.

David

Originally Posted by Sean Hyman

Guys, can you give me your take on NZD/JPY & CAD/JPY on the daily or 4 hour charts? Thanks.

I'ven been bullish on these pairs for a while and rightly so. Done well, but now wondering if the steam is gone out of them...or if there may be more left in them. They are looking weak lately.

See what you think when it comes to the EW counts.

I posted this chart yesterday. It's my heaviest short. I tend to favor Justy's chart.

Good Luck

This is what it looks like on the daily...

Originally Posted by aerocom

I posted this chart yesterday. It's my heaviest short. I tend to favor Justy's chart.

Good Luck

Thanks aerocom. I appreciate it. Doesn't look good for CAD/JPY for sure.

Originally Posted by Ilovepippin

Pretty confident in this chart.
Little more room to the downside. I want the MACD to close and test the zero line. We should retrace into previous wave 4 territory and then a big drop down.

Hey Pip,

Here is a variation of your count. I am just wondering if the E wave of a triangle can finish past the starting point of the C wave?

Sean, and friends,

leaving the technicals aside, there is this very amazing blog called ZeroHedge, which you guys should have a look on, and probably every day. they focus alot on fundamentals and technical spreads and all kind of weirdly named Bloomberg stuff that i dont understand, but its always a pleasure to see independent critical free ideas

check this article:
One Man's Critique Of A Loose Monetary Policy | zero hedge

Originally Posted by zerohedge

Rosie On Bernanke
"We really fail to see how it could possibly be that the same central bank official, who, over a span of a decade, presided over two massive bubbles and their busts, can be viewed as being a positive force for the markets. Perhaps there is some solace in knowing that the same person who created this awesome and complex $2 trillion Fed balance sheet will be around to dismantle the largesse since he’s probably the only one that knows how."

and by the way a friend of mine who uses all kind of crazy technical stuff just started his website, and will be posting his trades, i am kind of curious to see him perform live as well. he will be posting on http://www.vasskorumchev.com/ , and live on his twitter

hah, yesterday he asked me what i thought of cocoa, now i see he has sold some

Originally Posted by Ilovepippin

This is what it looks like on the daily...

That is my primary count.
This is my secondary:

Originally Posted by qsx

Sean, and friends,

leaving the technicals aside, there is this very amazing blog called ZeroHedge, which you guys should have a look on, and probably every day. they focus alot on fundamentals and technical spreads and all kind of weirdly named Bloomberg stuff that i dont understand, but its always a pleasure to see independent critical free ideas

check this article:
One Man's Critique Of A Loose Monetary Policy | zero hedge




and by the way a friend of mine who uses all kind of crazy technical stuff just started his website, and will be posting his trades, i am kind of curious to see him perform live as well. he will be posting on Vassko Rumchev , and live on his twitter

Good to know. Thanks qsx.

Originally Posted by apipintime

Hey Pip,

Here is a variation of your count. I am just wondering if the E wave of a triangle can finish past the starting point of the C wave?

Hammer's long wick suggesting a snap back higher too as long as the wick lows hold up.

Continuation of rebound - objective is 618 fib