Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

Here is one I did earlier today. Target 1.2826.

Good Luck.

I am with you on the same page. Its not the best days for the EUR, but Im madly bullish for it... Longing EUR/CAD, EUR/GBP

Longer term Weeklies show I am good, but never the shorter term ones!

posted this earlier today, i am still targeting 10120
lets see if resistant hold for my target

ps: target based on ew and fibo

EURUSD can also view in ABC in 4 hour because all people like it. Emotion tells me it is 12 12 beyond 1.28

Originally Posted by JoeyLee

EURUSD can also view in ABC in 4 hour.

Thanks, I have that in the back of my mind too, just another option.

Originally Posted by stanchiam

posted this earlier today, i am still targeting 10120
lets see if resistant hold for my target

ps: target based on ew and fibo

should be same old freaking story like my previous post below
hit my mid line, bounce, then drop to my target

http://forexforums.dailyfx.com/ellio...ml#post1184776 (Elliott Wave Trading Discussion)
http://forexforums.dailyfx.com/ellio...ml#post1185138 (Elliott Wave Trading Discussion)
http://forexforums.dailyfx.com/ellio...ml#post1186068 (Elliott Wave Trading Discussion)

sorry but do not use my post on usdollar as a confirmation that usd will surely drop and thus your eurusd will surely go up
as usual, although i am highly accurate, i am not 100% accurate..cheers

ps: can't help but will be shouting if i am right again...lol
if above my resistant, i will eject from my f14 tomcat
ps:

Here is an update on the Eur$ count. The red B is the probable end of the B wave as I can only count 3 in the up move and 3 in the down move. But, the current move up from the morning low does not appear to be impulsive. Never the less, I am alternatively viewing the area as a expanded flat and took a long position from 1.2455. The target is somewhat lower than posted yesterday. I would still look for price to enter a range from 1.2773 to 1.2816.

Good Luck.

This looks interesting. More upside likely into the 82 area. Revise target to 81.50.

Good Luck.

If this corrects back to wave 4 of one lesser degree as indicated, it could be just the completion of wave A of larger degree. However, the target here is 50% of the entire move down.

Good Luck.

nice charts aero, do you have an updated count on aud?
with estimate time for peak and estimate time to hit the 800pips drop?
thanks

Originally Posted by DonTirano

What you guys think of this count?
Attachment 130729
Attachment 130728

Originally Posted by stanchiam

"What you guys think of this count?"
close but not good
wave 5 probably ended or soon, good luck if u still looking for more drop
maybe your count will work

Hi DonTirano, how is your count? price invalidated it, any update?
that more drop did not come

Aside from any Elliot Wave considerations, I don't see how anyone can be bullish on the Euro at this point, Spain's banking system is about to collapse, and Italy is slowing at the same time with yields approaching unsustainable levels in both countries...this thing is going to get destroyed in the next few weeks based purely on the number of things that can go wrong and the proven track record of European politicians to screw things up

I also nervous too on this EURUSD when looking at fundamental. Thus i try not to peek on this fundamental that it will affect my counting. Should I close or not my 1.24 ? But I look at it No.3 has a distance 100 pips away from current price. This is sign of Bull. When it is bear, it should have a lot of blue wave in the red wave that is full of ABC like the April week, too choppy. I look at current one, it has a distance therefore you still could get some pips by using all basic indicators because it is not choppy. Look at the S&P not bad too.

Originally Posted by RonPaul

Aside from any Elliot Wave considerations, I don't see how anyone can be bullish on the Euro at this point, Spain's banking system is about to collapse, and Italy is slowing at the same time with yields approaching unsustainable levels in both countries...this thing is going to get destroyed in the next few weeks based purely on the number of things that can go wrong and the proven track record of European politicians to screw things up

agree with what u said about eurozone but.........
same thing about usa when it was about to collapse few years ago and panic everywhere
most said usd will be worthless piece of toilet paper in a few years, that few years passed, however, i still can use usd to buy lots of toilet paper
it is still worth more than toilet paper...lol

so the question is who will become toilet paper? usd or euros??
when?? few months?? few years?? few decades???
my neck already become very long after the long wait for usd to collaspe, now euros, who is next??
fundamental ?? has anything changed in usa? how come usd is worth more now? no collaspe??
if you can answer why it happened, then u will have the answer to your question
cheers

ps: i cannot remember who said eurusd 2.0, he disappeared, he is so bullish on eurusd then
everytime i remember eu 2.0, i cant stop laughing.....lol

The proper way to enter long EURUSD is to wait it to hit 1.26 that it will form Daily Morning star, then pulls back 1.255. Confirmation first. Or Short it at 1.24. Of course fundamental news it is too bad but the count tells me no.

Originally Posted by JoeyLee

The proper way to enter long EURUSD is to wait it to hit 1.26 that it will form Daily Morning star, then pulls back 1.255. Confirmation first. Or Short it at 1.24. Of course fundamental news it is too bad but the count tells me no.

hehe...if it go to 1.26, it could very well go much higher
if say it hit 1.3x again, then those expert out there will have another story on eurozone
no matter what, fundamental analyst will have story to cover it be it high or low
just mark my words for this, it is always and will be the case, so call fundamental are just stories made up after it happened.

ps: i was once following those so call fundamental analyst expert and was burn in hell, their stories will constantly evolved with events.
now armed with holy grail and ew, i see what others dont and i do not need those bullsxxx stories anymore