Thread: Elliott Wave Trading Discussion

Originally Posted by apipintime

My understanding is, in order for it to be considered a skewed triangle, it has to slope with the prevailing trend(up slope in this case). So, I am more inclined to see it as a double zigzag.

At the bottom of the pdf,Dmitry asks to email them if we find a skewed triangle anywhere.
so I emailed both him and Elliottwave.com the pattern and ask them to get back to me if they identify it as Skewed triangle.

Originally Posted by apipintime

Actually Mike, it can be considered a valid 'B wave' skewed triangle. I have a EWI pdf that explains the discovery of the skewed triangle. I will attach it below.

Edit: Mike scrap the above comment, in order for a skewed triangle to be considered it has to slant in the direction of the prevailing trend, so the double zigzag is the likely interpretation. Nonetheless, the pdf is a good read.

Thanks for this PDF....answers a lot of questions..I know I have seen many of the examples i the past...Wish I would have had this a day or two earlier...

USDCHF Short term count...

Originally Posted by apipintime

Thanks Market, but I can't take credit for the LD. It was Mr. Wilson that first pointed it out. What I did notice was the fractal of the move up from 1.36 that was forming on the daily chart. The B wave correction of the first LD from 1.36 lasted 6 days, and this B wave correction has lasted 5 days, so we could be on our way up to complete wave C. I am ultimately targeting 1.80ish for completion of wave C. Thanks for the props nonetheless

Apipintime;

I think your target is pretty close. Fib 161.8 is 1.8168 and 78.6 at 1.9454. I expect a reversal somewhere in this area.

Good Luck.

Originally Posted by aerocom

Apipintime;

I think your target is pretty close. Fib 161.8 is 1.8168 and 78.6 at 1.9454. I expect a reversal somewhere in this area.

Good Luck.

Hey Aero,

If we go by the fractal that I presented on the Daily chart, then C should = 1.618A, which brings us to 1.8360. I have the 61.8% of the 2.11-1.35 move at 1.8281, but what is most fascinating to me is, you will notice that we have an open gap right in between the 1.8281-1.8360 left over from the Lehman Brothers fiasco. Coincidence??

Maybe wave 4 is unfolding as an expanding Flat....just a possibility
if this scenario plays out we'll find the resistance somewhere near 1.5177 or 1.5227.

Eur/Usd
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Chart Update

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Originally Posted by Nostalgia

Maybe wave 4 is unfolding as an expanding Flat....just a possibility
if this scenario plays out we'll find the resistance somewhere near 1.5177 or 1.5227.

Very plausible....nurse the same idea too..

GBPJPY is looking very weak, and is headed to intra-day fib support at 140.94 before we see any relief to this down side push... It may even want to go lower, but 140.94 is an intra-day objective for now..

This is a pair I've been watching for quite a while now looking for the perfect short entry.. Price is right up underneath a longer term resistance zone this morning and I have been looking for short entry by this area for quite a while, but the intra-day strength right now is a little too strong for my liking and I will be waiting for additional topping confirmation before I try to short this pair right now... I see potential for price to rally much higher to complete a major reversal pattern yet, so I'm being cautious with this pair...

Note the shooting star visible on the daily chart of EURGBP at the last high, usually a shooting star causes the market to pullback and then form a final rally into a new high where price stages a major down side reversal.... Bears be on the lookout for short opportunity if the market gets back up there...

Sorry guys, no Elliott wave in this post, just a bit of candlestick and fib analysis

Okay here is my gold count. It's half mechanical, half my count. This is the surge from 1027.

We're in an extend 5th wave, of which minute 3 should be capped by 1200.

1200 will not give up her secretes without a fight.

Originally Posted by marketwavez2

Welcome back ----

Thanks, marketwavez
My first (after the rather long pause) attempt, however, wasn't that successful...

Originally Posted by ravno

Long - 1,0090
Stop - 1,0035
Target - 1,0160

The result aren't that frish (from day before yesterday).
But anyway, i'm trying to help marketwaves in his useful attempts

So, stopped out for the loss of 55 pips, as the price wanted to go quite a bit lower...

Here is also how i see the current price action through the Elliott glasses

euros chart!
I am not good in elliot wave but just learning Please Avoid, I am not good..sorry if my count is wrong!!! sorrrrrryyy
now i am in OFFICE .. bye..

hi guys.. it`s been a while.

quite some stuff happening today, but here is what i am looking at.