Thread: Elliott Wave Trading Discussion

My take on yen.

I like this dollar index very much. Much more easy to see. Can you see the point that i circle ? Therefore you can count.

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

failed to hit target, bears not as strong and it formed what look like 5 wave up, should be good news for usd bulls later
good luck

Originally Posted by stanchiam

failed to hit target, bears not as strong and it formed what look like 5 wave up, should be good news for usd bulls later
good luck

Your count look like an expanding. Where can I get this information in MT4 whereby i can put into my system ?

Originally Posted by JoeyLee

Your count look like an expanding. Where can I get this information in MT4 whereby i can put into my system ?

not sure cause its drawn by stanchiam cpu with the coordination of his fingers

Originally Posted by stanchiam

not sure cause its drawn by stanchiam cpu with the coordination of his fingers

Yeah. I still do not think that it has a very short move. What my count is 12 12 then an expanding diagonal. It will be more. I can confirm more if i have the US Dollar in MT4. Do you know where i can get it ?

Originally Posted by JoeyLee

Yeah. I still do not think that it has a very short move. What my count is 12 12 then an expanding diagonal. It will be more. I can confirm more if i have the US Dollar in MT4. Do you know where i can get it ?

It depends on which US dollar you want. If you want the dollar index that's traded on exchange as futures and watched by many as the true 'dollar index', many MT4s have it, such as Broco, Forex LTD etc. If you want the FXCM dollar that perhaps only FXCM uses, you can get a demo of FXCM's MT4.

Originally Posted by DolceVista

It depends on which US dollar you want. If you want the dollar index that's traded on exchange as futures and watched by many as the true 'dollar index', many MT4s have it, such as Broco, Forex LTD etc. If you want the FXCM dollar that perhaps only FXCM uses, you can get a demo of FXCM's MT4.

Thanks. I will download it.

Here is a follow up to the GBP$ chart posted yesterday. I still favor the ED count. As I have the chart labeled, wave 4 is 3 pips shorter than wave 2. If wave 5 does not exceed the length of wave 3, the maximum target for wave 5 is 1.5616. However, if a b wave triangle is forming, price will come in around 1.5606 late today or early tomorrow.

I should also point out the high may be in already. If that is the case, where I have iv would be i.

Good Luck.

NzdUSd played out as expected. We have throwover and a probable reversal. But, if we don't, price cannot exceed .7759.

I still like yesterdays Audusd count but cannot rule out the triangle at this time. However, I do expect the Aussie to go the way of the kiwi.

Good Luck.

NZD/JPY M30 XABCD

corective triangle wave B
usd/jpy H4

Originally Posted by tomek0111

corective triangle wave B
usd/jpy H4

I originally thought this was a triangle forming but, it violated too many rules; one is enough for me. I am now looking at this as a complex tripple with B being where your D is or a tripple sideways pattern. More likely wave 2. In any event the lower boundary should be in the area of 79.05.

Good Luck.

Originally Posted by stanchiam

failed to hit target, bears not as strong and it formed what look like 5 wave up, should be good news for usd bulls later
good luck

ps: update to my chart, took a overall view and it gets clearer now, projection target still on course but i will not be surprise if it did not hit cause usually in a reversal, target may not get hit. Anyway, i am ready to go long usd, hope it works. Good luck.

Originally Posted by aerocom

Here is a follow up to the GBP$ chart posted yesterday. I still favor the ED count. As I have the chart labeled, wave 4 is 3 pips shorter than wave 2. If wave 5 does not exceed the length of wave 3, the maximum target for wave 5 is 1.5616. However, if a b wave triangle is forming, price will come in around 1.5606 late today or early tomorrow.

I should also point out the high may be in already. If that is the case, where I have iv would be i.

Good Luck.

ok, shall see if your wave v of C for gbpusd will come
for me, i take a different view
good luck

ps: hmm, in a good mood...back to hiding