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Thread: Elliott Wave Trading Discussion

  1. #33736
    geezer is offline Member
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    eur/usd

    here is my short term chart

    Attachment 44949

  2. #33737
    geezer is offline Member
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    lets try it again

    Elliott Wave Trading Discussion-eur10min.jpg

  3. #33738
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    qsx
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    todays pyramiding did not go well...
    despite all the evidence: -135 pips in the usdcad pair.
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-usdcad1min.jpg  


  4. #33739
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    Quote Originally Posted by qsx View Post
    todays pyramiding did not go well...
    despite all the evidence: -135 pips in the usdcad pair.
    Yeah, gold just got whacked...down $23 an ounce today...so that's helping to give the dollar some near term strength.
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-6.jpg  

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  5. #33740
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    You can view our full list of forums (like commodities, forex automated systems, forex taxes, etc. here): http://forexforums.dailyfx.com/forum/ or you can get there by clicking on the "Forums" tab at the top of the DailyFX Forum home page.
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  6. #33741
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    eurusd

    EurUsd is almost done tracing out this pattern.
    4277 and 4260 should be good support levels, next support is at 4242.
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-eurusd-122109-15m.jpg  


  7. #33742
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    CAD/JPY

    Gizmo .. If you are here.... Here is the daily chart of CAD/JPY... She's a bit sloppy but it looks like a short opportunity is about to present itself....
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  8. #33743
    EZCashDreams is offline Registered User
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    Maybe a triangle?
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-usdchf1221091h.jpg  


  9. #33744
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    Quote Originally Posted by EZCashDreams View Post
    Maybe a triangle?
    Hey EZ,

    'D' cannot breach 'B'

  10. #33745
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    USD/CHF

    Quote Originally Posted by EZCashDreams View Post
    Maybe a triangle?
    USD/CHF 4 HOUR CHART --->
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  11. #33746
    EZCashDreams is offline Registered User
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    Quote Originally Posted by apipintime View Post
    Hey EZ,

    'D' cannot breach 'B'
    You could be correct..Quote from the book..."In a Barrier Triangle Wave D and B end at essentially the same levels"...does not say B cannot "breach" D.

    Either way..thought I would trow it out there....

    Could move the B and D over one and wave E down could happen overnight and then the final fifth wave.
    Last edited by EZCashDreams; 12-21-2009 at 04:32 PM.

  12. #33747
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    Quote Originally Posted by EZCashDreams View Post
    You could be correct..Quote from the book..."In a Barrier Triangle Wave B and D end at essentially the same levels"...does not say B cannot "breach" D.

    Either way..thought I would trow it out there....
    I also wonder if in thinner trading, like we have in the last couple of weeks of a year, if the rules can be adhered to as strictly.

    For instance, Prechter once wrote that "in a levered market" a wave 4 can occasionally cross over a wave 1 but it can't close there.

    Think stuff like that applies in thinner markets as well? Just curious as to what you guys thought.
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  13. #33748
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    Fibs?

    Quote Originally Posted by brad_1199 View Post
    USD/CHF 4 HOUR CHART --->
    Hey Brad,

    The 1.618 fib extension of wave 1 from wave 2 comes in at 1.0376. Could you explain how you derive the 1.0605 measurement? Thanks.

  14. #33749
    Gizmo is offline Member
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    Quote Originally Posted by brad_1199 View Post
    Gizmo .. If you are here.... Here is the daily chart of CAD/JPY... She's a bit sloppy but it looks like a short opportunity is about to present itself....
    Thanks Brad. I have been patiently watching it. I see the daily candle close bullish, but the last closed 4 hour candle seems to be a hanging man with the current 4 hour being bearish. This also coincides with the top downtrend line of the larger daily chart triangle (invalidated) I posted a few weeks previous.

    Correct me if I am wrong, but the short area looks to be around the 86.50 - 87.00 level on your chart. My target was around the 86.50 level to cut loose and look for the drop so I should be right in that area.

  15. #33750
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    FIB MEASUREMENT

    Quote Originally Posted by apipintime View Post
    Hey Brad,

    The 1.618 fib extension of wave 1 from wave 2 comes in at 1.0376. Could you explain how you derive the 1.0605 measurement? Thanks.
    Certainly.... The 161.8 fib extension was measured from the wave 1 extremes....
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