Thread: Elliott Wave Trading Discussion

Originally Posted by Jeremy Demunter

Hi everyone,

Wave iii of 3 ready to start? Wave ii of 3 has just tested the 50% fib and the neckline of the H&S pattern. Price should not get above 1.40, if it does I will probably count this as a wave B, new highs are not expected (but not impossible if its an expanded wave B).

Friendly greetings,
Jeremy

Jeremy;

I think you have the right idea. I am a bit more conservative in that I have a target of 13997 with a potential top below the low of wave 3 at 14030; .618 retracement is 1.3983.

I also used a down sloping neck line. Thus, my target low is 13259.

Good Luck.

Originally Posted by JahDave

Tell Jamie to look for an expanded flat or an expanding triangle instead of what you posted.

Regards,
Dave

Tell him Yourself or Post an Alternative Count- Hey JahDave, you can tell him yourself, jsaettele@dailyfx.com

Originally Posted by Gregory McLeod

Tell him Yourself or Post an Alternative Count- Hey JahDave, you can tell him yourself, jsaettele@dailyfx.com

Way to go Gregory. It's easy to criticize, not so easy to stick yours out.

Good Luck.

Yesterday I posted a possibility for a fourth wave... It hasn't a good look,
but the bearish count could be soon invalidated. I am flat again... Waiting to
clear up.

More up?


1-2_1-2 subwaves?



-->previous post.

@Brindar: Thanks for your words about the previous post!!

Has anyone considered a triangle in euro/usd?

Originally Posted by Jeremy Demunter

Hi everyone,

Wave iii of 3 ready to start? Wave ii of 3 has just tested the 50% fib and the neckline of the H&S pattern. Price should not get above 1.40, if it does I will probably count this as a wave B, new highs are not expected (but not impossible if its an expanded wave B).

Friendly greetings,
Jeremy

How do you know that that is a 1-2, 1-2 and not a double zigzag?

Originally Posted by nopainnogain

gggggggggggggggggggggggggggggggggggggggggg

This is the eurusd cycle since 2008 high.

Originally Posted by aerocom

Jeremy;

I think you have the right idea. I am a bit more conservative in that I have a target of 13997 with a potential top below the low of wave 3 at 14030; .618 retracement is 1.3983.

I also used a down sloping neck line. Thus, my target low is 13259.

Good Luck.

Well... Your way of critisizing his count in the first place was not very amusing.

Personally, I like your counts aerocom, but I guess your words lacked the required level of respect for the guy .. Still he moderates a forum with over 1000 members on a daily basis.. Not everything he posts is the best, but he exerts BEST efforts, that I know and we all do...

Wish you got my point

Good luck matey

Is this a valid HS-Pattern? Good luck to all!

Originally Posted by Mywavez

How do you know that that is a 1-2, 1-2 and not a double zigzag?

Hi Mywavez,

The double zigzag is my alternative count. Here's what the count could look like on a bigger timeframe if counted as a zigzag. But I still prefer the 1-2-i-ii count, even if it's close to the invalidation point of 1.4004.

Friendly greetings,
Jeremy

Originally Posted by Auditt05

Well... Your way of critisizing his count in the first place was not very amusing.

Personally, I like your counts aerocom, but I guess your words lacked the required level of respect for the guy .. Still he moderates a forum with over 1000 members on a daily basis.. Not everything he posts is the best, but he exerts BEST efforts, that I know and we all do...

Wish you got my point

Good luck matey

What are you talking about? I did not criticize Jeremy. Read my post, I thought I was confirming his position with the exception I allowed for a rise to 14030 where he said it would not go above 14000. Still not a criticism.

Good Luck.

Originally Posted by Mywavez

Has anyone considered a triangle in euro/usd?

Where have you been? Why would we consider a triangle in this position?

Good Luck.

A good Longing opportunity just popped up...

a Bounce from the trend line, Hammer on the Daily Close
AND
Oversold on the daily according to the Bollinger Band...

Stops just below the daily candle with 10 pips or so...

Just my humble thought
Good Luck

Originally Posted by Auditt05

Well... Your way of critisizing his count in the first place was not very amusing.

Personally, I like your counts aerocom, but I guess your words lacked the required level of respect for the guy .. Still he moderates a forum with over 1000 members on a daily basis.. Not everything he posts is the best, but he exerts BEST efforts, that I know and we all do...

Wish you got my point

Good luck matey

Here's my chart.

Good Luck.

Originally Posted by aerocom

Here's my chart.

Good Luck.

I agree to this post.... and EWI has the same outlook in their Forecasting service (A friend told me so)...

But, for this to get confirmed, we need a good weekly closing... otherwise, we might see new highs on the charts ...

Good Luck...