Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

Follow up on Gbp$. Short entry triggered last night or this am at 1.62 stop 1.6320. I don't expect price to reach the stop. Will see what Tues. brings.

Good Luck.

Well, we can eliminate the diagonal as a possibility as the 5th wave is longer than wave 3. However, that leaves a =c at larger degree and 1.6297. RSI is already over 70.

Good Luck.

Originally Posted by stanchiam

oh, nothing wrong, we are all learning
yes indeed there are tons of crappy charts, but all will learn from mistake
i am still a human and i do make mistake sometime(once in a bluemoon or when i am tire), will be good if someone can spot it
cheers

ps: nowadays i am very particular with the internal wave structure and corrective waves, that is the differences between the top and ordinary elliot wave users

Well now! I think you have taken a big step with this post to be "one of the best alive." I takes a special person to openly make the statement you did. May you live a long life and improve every day.

Good Luck.

Originally Posted by aerocom

Well now! I think you have taken a big step with this post to be "one of the best alive." I takes a special person to openly make the statement you did. May you live a long life and improve every day.

Good Luck.

Originally Posted by aerocom

Well, we can eliminate the diagonal as a possibility as the 5th wave is longer than wave 3. However, that leaves a =c at larger degree and 1.6297. RSI is already over 70.

Good Luck.

Thanks for the wish.

As for gbp, its strong, it broke and hold above wedge now.
Only a close back inside and below the red line will hint the start of honey b
Good Luck all!

Originally Posted by stanchiam

....As for gbp, its strong, it broke and hold above wedge now.
Only a close back inside and below the red line will hint the start of honey b
Good Luck all!

Interesting, we have almost the same chart. Red lines were/are my projected topping points.
Big one:
http://www.tafool.com/Charts/gbpusd0427124h.png
Small one:

Originally Posted by stanchiam

the game continue, ready your pop corn and sit tight
if this is w3, then tighten your sit belt, else will fall off the sit when houston blast off


ps: this is usdollar chart, usd bears happy time is over if this is w3
but what worry me is that it look like 5w and could be wave A of 2...lol

slight recount
indeed a 5w, lets see if this develop into full bear or a breath of live will come later

Originally Posted by TAfool

Interesting, we have almost the same chart. Red lines were/are my projected topping points.
Big one:
http://www.tafool.com/Charts/gbpusd0427124h.png
Small one:

nice, here is my daily bigger picture
wave e trying to push as high as possible

sometime i really wonder if there are eyes looking at these post here and trying to stop us all out...lol

Maybe GBPUSD will touch 1.66 or 1.65 and pulls back and moves up again to break 1.66. Big breakout time has not yet arrive yet as S&P 500 is still moving up.. It is still early to put a conclusion on EURUSD too.

Originally Posted by JoeyLee

Maybe GBPUSD will touch 1.66 or 1.65 and pulls back and moves up again to break 1.66. Big breakout time has not yet arrive yet as S&P 500 is still moving up.. It is still early to put a conclusion on EURUSD too.

possible as there are too many shorted on gbp (83%), when they are out, then possible to drop, else higher and higher .Go against the crowd to be safe...lol

GU H1

I do not trade EURUSD recently. It is still under triangle. Quite choppy. I will trade it if it breaks the upper triangle and pulls back. Difficult to say it is end because of friday daily bar. Or I will trade it if it breaks the bottom triangle and pulls back. My view is still bullish.

This is my view.

Here is my update on the Gbp$. I expect a correction to be capped in the 1.6246 area. Then up in wave 5.

I am counting the current up move as an extended wave 3. As a result, it is unlikely that wave 5 will extend. The target based on wave equality between A and C is 1.6297. However, if wave 5 is equal to 1, under this scenario, the target should be in the area of 1.6422.

But, if this is a three wave A-B-C move, the move is likely complete or will complete below 1.6315. Under this scenario, all possible targets that I can think off limit the price to 1.6297 to 1.6223 with 6312- 6315 as the likely highs.

Good Luck.

Originally Posted by fazi

congratulations - remember one thing - a weekly close below kumo top (80.5) is highly unlikely, however a brief drop towards weekly kijun sen (79.85) or a daily kumo bottom (80.2) is still a possibility. Geppy looks like it is forming the final (triangle ??) part of the tripple three correction (above daily kumo top), so move down could be very limited from here.

Patryk

I missed this last week. But, I agree with the lows as I have posted before 80.20 is the 48.6% retracement and 80.08 is the 50. I think if the $yen goes much below this point it is a sell as the next ratio is 61.8 retracement of wave 3 and inside the area considered as wave 1 at this time. Additionally, the guide line of alternation would indicate that wave 4 would be a less complex and time consuming wave than wave 2 and would not be deep.


If the price goes below 50%, the diagonal is likely not complete and price should make a new low but, not below 65.50.

Good Luck.

Originally Posted by aerocom

Here is my update on the Gbp$. I expect a correction to be capped in the 1.6246 area. Then up in wave 5.

I am counting the current up move as an extended wave 3. As a result, it is unlikely that wave 5 will extend. The target based on wave equality between A and C is 1.6297. However, if wave 5 is equal to 1, under this scenario, the target should be in the area of 1.6422.

But, if this is a three wave A-B-C move, the move is likely complete or will complete below 1.6315. Under this scenario, all possible targets that I can think off limit the price to 1.6297 to 1.6223 with 6312- 6315 as the likely highs.

Good Luck.

nice, here is another count same story, triangle wave B, now wave C in progress

another count for eurusd, triangle wave B