Thread: Elliott Wave Trading Discussion

Eur/Usd

CHART UPDATE :
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this market has seruios base built into it

just look at all that support ......

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Originally Posted by marketwavez2

Eur/Usd

CHART UPDATE :
-------------------- ----------------------------------
this market has seruios base built into it

just look at all that support ......

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

Thanks for your wonderful charts, Marketwavez!

I am a little bit sceptical because of the strong bullish move, and there is still
no divergence to be seen... But a possible count:

8h candles; on the Elliott Wave Osc. there is a divergence forming, but not sure yet


Same count, 4h candles



Here my alternate (-->see also previous posts)

Originally Posted by Gregory McLeod

Thanks for your wonderful charts, Marketwavez!

thank you for your compliment ........

ps

keep an eye out for what Brad_1199 is saying about the Longer Term Swissy ( Usd/Chf )
( because that's where the big trend is located in my humble opinion )

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Originally Posted by 10frank01

I am a little bit sceptical because of the strong bullish move, and there is still
no divergence to be seen... But a possible count:

8h candles; on the Elliott Wave Osc. there is a divergence forming, but not sure yet


Same count, 4h candles



Here my alternate (-->see also previous posts)

Eur/Usd


here is another possible wave count .........

Wave B should be currently in the formation.
Invalidation is as per the Red line. If it holds, then New lows should be formed afterwards.
I have confidence in my charts despite the recent bullish actions

Originally Posted by marketwavez2

thank you for your compliment ........

ps

keep an eye out for what Brad_1199 is saying about the Longer Term Swissy ( Usd/Chf )
( because that's where the big trend is located in my humble opinion )

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

The long term chart of USD/CHF shows ever since the U.S. Dollar entered the floating currency market in the 1970's, it has continuously been losing ground against the Swiss Franc.. So this bear trend is very unlikely to reverse.. Which is why I am looking for an all out crash of this exchange rate at some point in the years ahed of us.. But for now, it's still alive and kicking...

Originally Posted by marketwavez2

Aud/Usd

Long Term - Daily Bars

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a classic formation

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Hi marketwavez2

Just a tought
Monthly(line) and Daily chart.

With respect

Mozart

Us Dollar

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( mid-term view )

Originally Posted by Mozart

Hi marketwavez2

Just a tought
Monthly(line) and Daily chart.

With respect

Mozart

AUD/USD is inched up under major fibonacci resistance at .9473 , Keep an eye open for a top to form around these levels..

Originally Posted by brad_1199

AUD/USD is inched up under major fibonacci resistance at .9473 , Keep an eye open for a top to form around these levels..

Brad...
Whats the % of this Fib Resistance?

Im trying to catch up and work in longer terms like you, it suites me more psychologically and can be done besides my fulltime job....

Keep up the good work

GL

Originally Posted by brad_1199

AUD/USD is inched up under major fibonacci resistance at .9473 , Keep an eye open for a top to form around these levels..

Thank's brad_1199.
I appreciate it.

With respect

Mozart

Originally Posted by brad_1199

AUD/USD is inched up under major fibonacci resistance at .9473 , Keep an eye open for a top to form around these levels..

There is a $5mln option barrier at 9475 by 30/9 placed today.

Originally Posted by Franosh

There is a $5mln option barrier at 9475 by 30/9 placed today.

Is that considered a likely magnet/potential reversal point?

Originally Posted by jsgehrke

Is that considered a likely magnet/potential reversal point?

It's one-touch binary, bought at spot 9325. The payout, if the buyer can get it, I heard is $25mln.

It depends on how hard players push or defend certain strike price levels. Many of spot markets' moves are driven by derivative markets. Eventually it's about profit/loss and order flow. The rumour I heard is that, Euro's sudden drop from 12920 last week to 126 was due to banks trying to avoid a big dent in their pocket for a few billion options with strikes at 126. The news about concerns of bank test is really no-news/old-news.