Thread: Elliott Wave Trading Discussion

Originally Posted by stanchiam

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

Yeah you are right. Somehow I only refer to fundamental News when it has ABC wave in the pattern like in April week. News cannot be applied to all circumstances like last week NFP was bad but it moved opposite. It depends on the count too but it is good as well when the count is over and news is like a power to accelerate up the movement. Thus news is only a secondary support to technical analysis. Yuppe.

This is what I am looking at right now.

It seems likely to me now that this is not yet the bottom for the gold market. It seem likely that is will get dragged down further with he euro. I am counting recent action as a x wave so the count now reads WXYX.

GBPUSD count is not yet over. Maybe at 1.57 or below 1.58. It must be greater than last week high. I would wait at this area.

gold h4 XABCD

I view dollar index monthly in ABC. Wave 1 cannot overlap with wave 4. Thus I believe EURUSD is not ABC such simple only. It could be more. Thus I refuse to trade GBPUSD. I really do not know how to count in opposite.

Originally Posted by stanchiam

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

You ask a lot. I don't have a count now but I will do one later today. I have not done time analysis on this pair. Just looking at the chart I can tell you, that I am expecting a high on June 15 in the 1.0100 area (between 1.0069 and 1.0169.

Good Luck.

[QUOTE=aerocom;1192281]You ask a lot. I don't have a count now but I will do one later today. I have not done time analysis on this pair. Just looking at the chart I can tell you, that I am expecting a high on June 15 in the 1.0100 area (between 1.0069 and 1.0169.

Good Luck.[/QUOTE/]

I have counted the aussie chart and I am submitting the kiwi for clarity. If the Aussie has not turned, It will tomorrow and not later than June 15. I have June 18th on the Gbp$ and Eur$ pair as the next high. However, all appear to be peaking early.

The black count is the one I have the most confidence in and have tried to show an alternate in red. Under the black count, there is probably one more high Thursday or Friday.


Good Luck

Here is the Nzd$. Still watching potential H&S patterns.

Good Luck.

Here is a revised Gbp$. There also appears to be an ED here. Triangle count is still valid.

Good Luck.

[QUOTE=aerocom;1192697]

Originally Posted by aerocom

You ask a lot. I don't have a count now but I will do one later today. I have not done time analysis on this pair. Just looking at the chart I can tell you, that I am expecting a high on June 15 in the 1.0100 area (between 1.0069 and 1.0169.

Good Luck.[/QUOTE/]

I have counted the aussie chart and I am submitting the kiwi for clarity. If the Aussie has not turned, It will tomorrow and not later than June 15. I have June 18th as the next low on the Gbp$ and Eur$ pair as the next high. However, all appear to be peaking early.

The black count is the one I have the most confidence in and have tried to show an alternate in red. Under the black count, there is probably one more high Thursday or Friday.


Good Luck

nice, will see gann power soon
btw "I have June 18th as the next low on the Gbp$ and Eur$ pair as the next high"
low and high, dont quite understand, i assume you mean june 18 as next high for gu and eu

Finally I got this dollar index in MT4. Thanks. Now I can see clearly what is going on with dollar index in daily.

[QUOTE=stanchiam;1192742]

Originally Posted by aerocom

nice, will see gann power soon
btw "I have June 18th as the next low on the Gbp$ and Eur$ pair as the next high"
low and high, dont quite understand, i assume you mean june 18 as next high for gu and eu

Not realy as I am not that good at Gann. I have tried this periodically for about 2 years with mixed results. When time and pattern are together, it will give you an extra degree of confidence. To paraphrase "when time is up, price will turn."

Good Luck.

[QUOTE=aerocom;1192749]

Originally Posted by stanchiam

Not realy as I am not that good at Gann. I have tried this periodically for about 2 years with mixed results. When time and pattern are together, it will give you an extra degree of confidence. To paraphrase "when time is up, price will turn."

Good Luck.

i see, at least you managed to get to understand gann
keep up the gann power, i am sure u will master it some day

Once again we are going to land of sugar. Yuppe