There is a seriously biased bearish stance amongst EW traders, in general.
I wonder how the counts would be if you knew that the markets would not collapse this year or the next.
Take AUSUD for example, people have been trying to pick a top for months now. Be objective and be honest to yourself, don't follow the bandwagon!
There is no alternation between waves (ii) and (iv) of your 'a' wave, and wave (iv) and (i) overlap. Your 'a' wave counts best as a double zigzag completed correction into the 61.8% retrace.
Thanks for the comments pipin, but there does not have to be alternation between wave ii and wave iv. That is a guideline and not a rule. Also there can be overlap between wave iv and wave i in a zigzag because it is a corrective wave and not an impulse wave.
There is a seriously biased bearish stance amongst EW traders, in general.
I wonder how the counts would be if you knew that the markets would not collapse this year or the next.
Take AUSUD for example, people have been trying to pick a top for months now. Be objective and be honest to yourself, don't follow the bandwagon!
That is a very good point wavez. I used to make losing trades often because I would read into charts what I wanted to see and not what was really there. I have worked very hard to look at charts without any bias and my trading has improved because of that. My point is if you lose objectivity when charting then your analysis is flawed.
There is a seriously biased bearish stance amongst EW traders, in general.
I wonder how the counts would be if you knew that the markets would not collapse this year or the next.
Take AUSUD for example, people have been trying to pick a top for months now. Be objective and be honest to yourself, don't follow the bandwagon!
Funny enough, I wonder if you could turn 2k into 1M... would you still be trying to advertise a service thats sold for 100 dollars using a username called dgdgdgddgdg???
Newbies, dont make my early trading mistakes, nothing is called a guaranteed system...
If I could make a system that guarantees even 200 pips a month for life, then id be in Hawaii trading 1 hour per day and getting laid for the remaining 23 hours ... I wouldn't try to advertise it
its not trending up or down on the longer-term charts
after making a solid run to the upside late last year , it now looks more like consolidation is forming
Hey Market, how are things!
The drop from the recent high on your chart 9390 looks corrective and the turn at 8000 was significant. Right now the pair has serious resistance but a break through 9080 and holding, would open the door to a new all time high.
Look at the Dow, bullish as long as 10220 holds.
Euro bullish as long as 2440 holds and I think we'll reach 1.40 before we break 1.18.
GBP Bullish, we maybe in a wave (C) and could reach 1.80.
Problem is certain forecasters are very bearish and talking deflation etc. and that might all happen, just not yet...
Thanks for the comments pipin, but there does not have to be alternation between wave ii and wave iv. That is a guideline and not a rule. Also there can be overlap between wave iv and wave i in a zigzag because it is a corrective wave and not an impulse wave.
A zigzag is made up of two seperate impulsive waves seperated by a corrective wave. The impluses of that zigzag must adhere to the rules and guidelines of EW theory. And, unless your trying to depict a diagonal as your impulsive wave, waves i and iv cannot overlap.
This is my Loonie's chart
I think we are heading to a strong SUPPORT area..
Feedbacks are welcome as usual )
Hi auditt how r u , first thanks for nice charts . Second I have 3 questions if you may answer them I'd really appreciate it
1) For you Loonie 1H chart , Don't you think that it's abnormal to have 2 simple waves beside each other , I mean w2 & w4 ? As You know , if w2 is simple then w4 should be complex automatically, shouldn't it ?
2) second, How do you consider that wave 5 was completed here ? Does it has to have a certain fixed magnitude or calculation ? As I read in some EW notes , wave 5 should equal wave 1? right?
3) Another point - if you may - : For the ABC corrective tide , is it necessary to be counted as 3-3-5 (Flat) ? and if not , What other possibility (ies) that this ABC correction may fold in ? Is should wave C be 1+61.8 of wave A ?
Funny enough, I wonder if you could turn 2k into 1M... would you still be trying to advertise a service thats sold for 100 dollars using a username called dgdgdgddgdg???
Newbies, dont make my early trading mistakes, nothing is called a guaranteed system...
If I could make a system that guarantees even 200 pips a month for life, then id be in Hawaii trading 1 hour per day and getting laid for the remaining 23 hours ... I wouldn't try to advertise it
Auditt05 can you please provide a link to the page you see that post on..? I would be happy to delete it..!
There is a seriously biased bearish stance amongst EW traders, in general.
I wonder how the counts would be if you knew that the markets would not collapse this year or the next.
Take AUSUD for example, people have been trying to pick a top for months now. Be objective and be honest to yourself, don't follow the bandwagon!
Being a good Elliottician you have to think independently, even if it is contrary to the general consensus.
Do not listen to other people's biases or other people's prejudices, forget all tunnel vision, just be yourself.
Give up your ego.
I remind myself frequently on one of Zen Koans (I quote)
""As long as I am something, or have something, I am nothing I have nothing. Become pure till you neither are nor have something; then you are omnipresent and, being neither this nor that, be all things.""
A zigzag is made up of two seperate impulsive waves seperated by a corrective wave. The impluses of that zigzag must adhere to the rules and guidelines of EW theory. And, unless your trying to depict a diagonal as your impulsive wave, waves i and iv cannot overlap.
Ok Pipin,
I got out the EW Theory book and looked it up and the book states that in a zigzag the A wave always subdivides into an impulse or leading diagonal. I broke the Aussie chart down on the five minute chart and everything is composed of threes instead of fives, so I relabeled my chart accordingly. I hope I did not confuse anyone earlier. My thoughts on this pair still remain the same. We are currently in a B wave and the Aussie should go up again in a C wave before the correction up is over and the next large move down begins.
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Originally Posted by apipintime 
hi brother , here are some feedbacks :) if u may
