Thread: Elliott Wave Trading Discussion

Hi guys,

This is the second part webinar of psychology aspect of trading.
This material is most suitable for those who have already had system and experience.

https://dbfx.webex.com/ec0605l/event...b&format=short

Originally Posted by ravno

Be careful, there is nothing imminent in the market...

Will we make the new low before going above 1,4282 ?
This is the question, i want to see to be answered before making any strong statement...

You should be right... The very quiet market shows us that short term momentum (downside) has vanished and so chances of touching 14282 are greater than 50/50. But at current levels I am on the sidelines, waiting for any big move to enter against it after a resistance/support is reached.. Dont like to guess early morning, before breakfast.

This EUR/JPY triangle still seems to be unfolding. Within wave (E) of the triangle, waves (a) and (b) are now complete with the wave (c) decline unfolding now. Price should drop below the 19 August low of 132.18 to complete wave (E) over the next week or two.

The widest part of the triangle is 1,666 points wide, so at the conclusion of wave (E), I'll be looking for a rally of about the same length. That means a target area up around 147.50.

Just curious......why is it called the 'Cable' ???


JK.

Because once upon a time the two places were connected by a huge undersea cable.. like a telephone line.

David

Originally Posted by JKnPA

Just curious......why is it called the 'Cable' ???

JK.

Why cable and sterling ?

Nice chart, by the way...

Originally Posted by JKnPA

chart

i like the chart as well.
right now your supposed wave (v) seems to be a diagonal, which will produce a double bottom, or fail slightly before that..
alternatively its wave B of a flat.


not very typical for me, but i added half a unit here. cant see that falling through really out of this pattern.

Here is another nice chart.
Moment of truth for the eurusd, it cannot stay in this triangle forever.
I think it will break down...unless it break up of course, but that is logical.

Originally Posted by justy10125

This EUR/JPY triangle still seems to be unfolding. Within wave (E) of the triangle, waves (a) and (b) are now complete with the wave (c) decline unfolding now. Price should drop below the 19 August low of 132.18 to complete wave (E) over the next week or two.

The widest part of the triangle is 1,666 points wide, so at the conclusion of wave (E), I'll be looking for a rally of about the same length. That means a target area up around 147.50.

Yes, exactly what I would expect the stockmarket to do.
Could mean, doesn't have to, that the eurusd will see some more upside as well.

Deja vu ?

I see again 5 up on smaller time frame. The same as yesterday...

Originally Posted by qsx

i like the chart as well.
right now your supposed wave (v) seems to be a diagonal, which will produce a double bottom, or fail slightly before that..
alternatively its wave B of a flat.
Double bottom........ how do you come to that conclusion ?


not very typical for me, but i added half a unit here. cant see that falling through really out of this pattern.

..................................................................................
Why cable and sterling ?

Nice chart, by the way...
.....................................................................
Because once upon a time the two places were connected by a huge undersea cable.. like a telephone line.
Thanks Guys

David

I believe Elliott Wavers would call the pole a wave 3 and the actual flag a wave 4, getting ready for the lauch to wave 5 which is minimally the measurement of the length of the pole from the point at which is breaks out.

That would put it up to 1.08 to 1.0850ish easily.

See what you guys think.

do or die time for sterling bulls..

if true, this shall be retraced in the glimpse of an eye.

update: there we go.. but that was 2 pips to my stops

The CHF/JPY is showing the same triangle as the EUR/JPY, but is offering a better trade setup to the short side in wave (c) of (E). There is also a head and shoulders pattern that is about to be broken to the downside (blue lines on chart). I'm short now looking for a test of 86.00.

Originally Posted by VINCY BALBOA

Chart...


Most Important It Aussie is Strong Currency pair.

Attachment 36100


thanks With a big SMILE

thanks