Thread: Elliott Wave Trading Discussion

All the best, I will PM you!

Me too. But I hope these online forex tutorials will help. Do they?!

Originally Posted by 10frank01

Hi
Your count looks similar to mine, I even like yours more as you count the correction as a combo (W-X-Y)! I count five down (pink cercle) and now an impressive correction that could be about to end tomorrow or next week only... I wait to see some important confirmation of this downtrend to resume before shorting once again... BTW, thanks Brad to the initial setup some weeks ago!
Good luck!

8H
Attachment 93523

Hi, after what you said about the ABC WXY difference and in conjunction with today's price action which I would say negates the WXY, I took a closer look and saw the following:

4H chart: area of the grey ellipse is of interest really, the forecast of green 3, 4, 5 is a guess at most because my new preferred count of magenta C is currently nearly ending contracting diagonal 5 of the third of green 3 of this C, still waiting for 4 and 5 of green 3.
same 1.6136/7 invalidates (and it looks like it might be tight to the line maybe).

30min chart: wave magenta B of the zigzag seems to be composed of a contracting barrier triangle. If this is the case then it confirms that we are indeed in a zigzag wave orange 2.

Originally Posted by Traderfringez

Okay. EUR/USD behaves as anticipated CAD as anticipated. DOW as anticipated, USD/CHF was kind of off, I caught a small loss, Hence i will wait for a breach of the trendline mentioned on the first post which marks the confirmation. GBP/USD as anticipated USDJPY AND GBPJPY as anticipated USDSEK as anticipated, AUD/USD could be an expanded flat but its my alternate, I think the top is in. I am not going to post on the forum anymore. I wish you guys yielded as much profits as I have from these calls. I'm off to bermuda, Feel free to join me.

Arecom, Frank and my fellow traders please dont hesitate to contact me through my email. afarghaly9@gmail.com

Best Regards,
Ahmed Farghaly

P.S. Risk management is far more important than market timing.

Thanks for your contribution to the forum community. Don't be a stranger and check in from time to time!

Best Wishes.

Greg McLeod
DailyFX Forum Moderator

Originally Posted by ajs71

Hi, after what you said about the ABC WXY difference and in conjunction with today's price action which I would say negates the WXY, I took a closer look and saw the following:

OK. Here is what I see after the weekly close now: The short scenario is more dead than alive. Let's see if the top of wave 4 (black) holds... I'd say no. Technically of course the bearish case is still valid (and on the long term degree looks very valid anyway). Once in a while a threatened top like this holds. And RRR is perfect... BTW, the "barrier triangle" scenario doesn't really fit with the rules imo (because of B-D). Good luck!

8H


Daily

audchf is looking for a bottom

I support that

Kuwait,
I think your count is a bit of a stretch. I can see how you can make your count work on that time frame but I think you'll find the subdivisions on smaller time frames due not support impulse patterns.

My EUR-USD Charts

Feel free to send me comments if you disagree.

Originally Posted by Kuwait

I support that

I think the dollar's worst stages now

For this week buy the USDCHF

Originally Posted by Kuwait

For this week buy the USDCHF

i bet you a 5-pack bubble-gum that that trade is going to blow in the first minutes of market open in an hour..

Originally Posted by Kuwait

I think the dollar's worst stages now

3.1.3.3 (the second appearing yellow iii on your chart) is wrong. it is the shortest wave in the 5 wave structure.

EURUSD Resistance?

This is what I see. If it unfolds now in an expanded flat correction and tops at c (orange), then there is potential 300 pips to travel back to the latest low...

4H Setup

Could USD/CAD Hit Parity this Week?