Thread: Elliott Wave Trading Discussion

Originally Posted by Ilovepippin

A fifth wave truncation.....

i have posted it before, but again, i will, unleast before the channel breaks.
it is the very single important trendline on the dailies.
its descision time!

Originally Posted by qsx

i have posted it before, but again, i will, unleast before the channel breaks.
it is the very single important trendline on the dailies.
its descision time!

Or B could be C and we are in a new up wave.

Originally Posted by ravno

This question is discussed here from time to time...
Probably, i need to keep an answer in some text file so that i don't need to type it every time

After some discussions and finally an email to EWI (Prechter organisation) i personally came to the following conclusion.

Wave 4 never ends in the wave 1 zone.
Wave 4 can, however, shortly enter the wave 1 territory (when it's a triangle) but even in this case must end out of the wave 1 territory.
And it has nothing to do with candles...

Rare but I agree.

Originally Posted by qsx

i have posted it before, but again, i will, unleast before the channel breaks.
it is the very single important trendline on the dailies.
its descision time!

It is a possibility, look at this:

Possible leading diagonal playing out in EurJpy this evening.

Originally Posted by Ilovepippin

It is a possibility, look at this:

Same idea as I was just playing with for the last little bit. Wave 2 retraces 61.8% of wave 1 and wave 4 retraces 38.2% of wave 3. While not being much longer, wave 3 is about 170 pips longer than wave 1.

Originally Posted by ravno

Wow, just came back home, very nice move...

Some chart updates...

That move today was a pure technical move ..............

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It had nothing to do with the Funny-Mentals it seems

i already asked Sean , about the Funny's and he can't seem to give us
a solid Report that came out today that caused this strong move

Scroll back and read the last 10 posts from today .... you will see what was said


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Originally Posted by qsx

in how much waves does my B wave subdivide

it may look weird to you, but the pattern fits perfectly as a extracting triangle..

-wave 3 = 161% of wave 1
-extracting triangle retraces 38% of prior move
-extracting triangle retraces to prior wave (iv)
-wave a is the quickest
-wave e is sharp as well
- '0' - '2' trendline stops wave 4 perfectly.

to me this is a C wave impulse down, which will end in 60 hours...
a very nice target would be where w5=1,61%w1, which equals 1,5079, its closest to the 6h parrallel channel resistance.

Qsx;

What is an extracting triangle? Did you mean expanding?

Not being sarcastic, I want to know.

Hey Aerocom,

Thanks for posting the swissy chart. Not quite sure what to make of that late day dollar move?

Here is a little diddy I just noticed. We could have just completed a 4th wave running flat on Cable. If you do the measurements Wave A = 869 pips and Wave C = 893 pips. Considering that Swissy made a new high against the dollar today, this Cable count could have some merit. Observations anyone?

Originally Posted by apipintime

Hey Aerocom,

Thanks for posting the swissy chart. Not quite sure what to make of that late day dollar move?

When I posted it something didn't look right. So, after Sean asked the question, I posted and pulled a 15 min chart. The Swissy had already completed the last 5 up. So it was actually declining.

Good Luck.

Here's another perspective on the EUR$.

Good Luck.

Originally Posted by apipintime

Here is a little diddy I just noticed. We could have just completed a 4th wave running flat on Cable. If you do the measurements Wave A = 869 pips and Wave C = 893 pips. Considering that Swissy made a new high against the dollar today, this Cable count could have some merit. Observations anyone?

Apipintime;

I like the concept in your GBP$. I think we need a zig-zag to make a regular flat and thus the following count wave v down and then up in wave C. Possible.

Good Luck

Originally Posted by marketwavez2

That move today was a pure technical move ..............

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

It had nothing to do with the Funny-Mentals it seems

i already asked Sean , about the Funny's and he can't seem to give us
a solid Report that came out today that caused this strong move

Scroll back and read the last 10 posts from today .... you will see what was said


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

Yes, i read the posts.
Actually, i personally think that nothing special has happened.
There were only three waves down and EUR.USD and three waves up in USD.CHF.

So, yes, from this point of view you are correct - pure technical move...

Or, in other words, mass-psychology, this is all EW is about.
There have not been any impulsive desire to buy Dollar the last few days (that's why we saw only three wave moves), so, when this corrective buying was over, new lows have been reached.

Originally Posted by qsx

in how much waves does my B wave subdivide

it may look weird to you, but the pattern fits perfectly as a extracting triangle..

-wave 3 = 161% of wave 1
-extracting triangle retraces 38% of prior move
-extracting triangle retraces to prior wave (iv)
-wave a is the quickest
-wave e is sharp as well
- '0' - '2' trendline stops wave 4 perfectly.

to me this is a C wave impulse down, which will end in 60 hours...
a very nice target would be where w5=1,61%w1, which equals 1,5079, its closest to the 6h parrallel channel resistance.

qsx, i would keep it easy, you know my style
what is marked as wave b is probably simpy the ending diagonal.
then we have clear 5 down, correction afterwards and, _possibly_, the start of the new decline...