Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

Here it is. In my view, last weeks movement is a B wave. However, the alternate Red a would need to play out or wave v would have to be underway and exceed the fith wave principle length of .618, for this to be an expanding triangle. Otherwise it is a B or X wave that would possibly make a new high below the wave B high. Either way you measure, or count, the up movement is probably not complete as the waves A and C are not equal. I guess we should say that we have a truncated or short C wave. I didn't.

Good Luck.

Thanks Mr Aero. Don't you think that you need to revise your chart ? This is a daily chart. Can you see an ABC and last week bar formation is full body without the tail and somemore gap with engulfing this week. Whoops..

Isn't it easy to see ? EURUSD. 5 small waves more to go up. I am very nervous to see that. Good to scalp.

Originally Posted by JoeyLee

Thanks Mr Aero. Don't you think that you need to revise your chart ? This is a daily chart. Can you see an ABC and last week bar formation is full body without the tail and somemore gap with engulfing this week. Whoops..

No! You don't usually have a title on your charts. In this case I suppose you are using the S&P which is showing a 5 wave down move with no overlap. The up move is probably best counted as a 2. I use the DOW, in netdania US30 which counts as a zig-zag or flat pattern. Sine price traded to a new high, I am viewing it as an A-B-C expanded flat pattern. Then the up move would be either a "1" or "a of B" which would indicate a move down consistent with an ED.

Good Luck.

Originally Posted by Melterra

Areocom, I have been following the same count as you for a while. And I agree that the expanding triangle is the most likely count ( although it could turn into a x wave like you said if it fails to make a new high.) However I am confused by your placement of the e wave. In a expanding triangle wouldn't we expect e to brake the low of c? I expect it to bottom in wave E around the 5000 level (in DJIA). Maybe that is just how you labeled it and you are not implying wave e ends there anyway I just wanted to clarify.

The rule is wave E never moves beyond the end of wave C. In an expanding triangle, my observation is that wave E usually retraces wave C by less than 50%. Thus the placement of my wave E and thus wave 4. Now, expanding triangles, if it is one, are tricky affairs. Keep in mind that this is just an observation and the other comments that I made associated with the chart in regard to what would be a cause are just pure speculation not based in logic or fact.


Good Luck.

Originally Posted by aerocom

No! You don't usually have a title on your charts. In this case I suppose you are using the S&P which is showing a 5 wave down move with no overlap. The up move is probably best counted as a 2. I use the DOW, in netdania US30 which counts as a zig-zag or flat pattern. Sine price traded to a new high, I am viewing it as an A-B-C expanded flat pattern. Then the up move would be either a "1" or "a of B" which would indicate a move down consistent with an ED.

Good Luck.

Yeah. You are right. Dow Jones is different with S&P. I wonder why dow jones count is different with S&P. Your count is correct one. But I use monthly bar to calculate. Monthly bar does not have a red bar. So I can eliminate the noise created using weekly chart. Allright because you are using weekly chart. Thus this is why different count appeared.

Although I don't favor it.... This could easily be a possibility for the monthly chart of USD/CHF....

USD Bulls on deck....

Please can someone share a count on euro 1H/4H? It seems that the retracement up and then the drop of Monday didn't quite fit in with however I would count it. So far, the 'best' looks to me to count the up till last Thursday at 2645 either as w-x-y or as a slightly off-shaped leading diagonal, that makes the drop from last Friday to today a bit like an expanded flat? And so more up tomorrow?

I would love to see and learn from others' better counts. Thanks.

p.s., what is puzzling is the first drop on Monday midnight (London time) from 2667 to 2616 has only 3-wave, even down to 5m there is no way I could find 5 waves out of it.

Originally Posted by DolceVista

Please can someone share a count on euro 1H/4H? It seems that the retracement up and then the drop of Monday didn't quite fit in with however I would count it. So far, the 'best' looks to me to count the up till last Thursday at 2645 either as w-x-y or as a slightly off-shaped leading diagonal, that makes the drop from last Friday to today a bit like an expanded flat? And so more up tomorrow?

I would love to see and learn from others' better counts. Thanks.

p.s., what is puzzling is the first drop on Monday midnight (London time) from 2667 to 2616 has only 3-wave, even down to 5m there is no way I could find 5 waves out of it.

Here is one I did earlier today. Target 1.2826.

Good Luck.

Originally Posted by aerocom

Here is one I did earlier today. Target 1.2826.

Good Luck.

Thank you, Aerocom. Very kind of you. I have a similar target, but have no confidence at all after this market jolt. Good to know that at least I am not too far off (phew....)

Thanks again.

(ps., this board seems rather eerily quiet. Come on, Elliotticians, please share and post more of your counts. The best way for us non-wavers to learn is to see how others count. No amount of book reading can do the trick.)

Noise is created during the news. Thus this part I take it out and regard it as a special bull sign. There are always a special sign appeared for next move. Price crosses green line and now it is ridding with it to move up. Weekly bar is green thus therefore it will pull back and move up again. I have to close my 1.24 if 12 12 count is not more valid when it crosses Big 2.

wondering why not seeing much count nowadays, unlike those days when lots of bros showing their charts and their ideas

History of EURUSD on April 2012 was WXYXZ. Can you see the different between the april and Current that I posted ? Interesting.