Thread: Elliott Wave Trading Discussion

hı marketwave2.

what is your ellıott count for spot gold longterm(7 -8 years in bıg chart)?

Originally Posted by sheldor

hı marketwave2.

what is your ellıott count for spot gold longterm(7 -8 years in bıg chart)?

i don't have a long term Gold wave-count -----

but scroll back about 6 to 8 pages have a look at Mike3gdc 's Gold charts
to me ,they look pretty darn good
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i have just found out that Mike3gdc has been doing this for 30 years


Mike3gdc says hes been doing Elliott Wave since 1980's


That's a long time to be doing this ........ Don't you think ?

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any way , just talk to Mike3dgc when it comes to these waves in charts

I'm sure he will respond to you ----

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Here is a long term chart of Gold

I'm not wasting my time trying to trade off of it .......

but here it is :

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This is the Gold chart mid-term view that i had posted in here back in Feb

1st Chart below
is illustrating a massive correction in Gold

2nd Chart below
is illustrating a massive Inverted H & S Bottom
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the rally this year in Gold you see today ,
was probably born from what you see in these 2 charts

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( see below )

Here's my take on EURUSD

Originally Posted by mike3gdc

Here's my take on EURUSD

Very Nice Chart ---- Mike3

Eur/Usd

1 new CHART ----

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Originally Posted by mike3gdc

Here's my take on EURUSD


Chart

My take too, Mike. But since I'm long here, it could have been just wishful thinking :/

Hey everyone!
Was keepin eyes on assie recently, and i believe the pair maid 1 up and at the moment we'r in second wave - the triangle a/c=50.0, soo the d wave might reach 195, then e and BAM! :'D

to stay busy i trade the d wave..)
stay cool!

Gold

Where is the top ? ----

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Originally Posted by marketwavez2

Gold

Where is the top ? ----

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I took on my gold position when the triangle there broke and closed above your red line.

Originally Posted by marketwavez2

Gold

Where is the top ? ----

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Top in my opinion is not that far.

Here is an update.

According to Martin Armstrong, a new high in gold any time after november will signal that gold will run until April. If it doesn't make a new high, it will probably languish until april '10, then stage a very large rally.

On the weekly log chart, gold is parabolic, the upper channel is in the 1300s.

We are no where near the top....

We'll know very soon, what this thing wants to do....

The play from here....buy the all time highs with trailing stops every dip we get until after november. New high in december and hold on for dear life.

Originally Posted by speculator84

According to Martin Armstrong, a new high in gold any time after november will signal that gold will run until April. If it doesn't make a new high, it will probably languish until april '10, then stage a very large rally.

On the weekly log chart, gold is parabolic, the upper channel is in the 1300s.

We are no where near the top....

We'll know very soon, what this thing wants to do....

The play from here....buy the all time highs with trailing stops every dip we get until after november. New high in december and hold on for dear life.

I wonder what he bases that on?

Here's an update on EURUSD.

I am still thinking of an Ending Diagonal as the final 5th wave.though,not sure IF a triangle can occur on wave 2 of an Ending Diagonal? I know ED structure is 3-3-3-3-3.but can wave 2 be the way I depicted? any ideas?

OR we're making 3 of final 5th as 5 sequence impulse?