Thread: Elliott Wave Trading Discussion

Originally Posted by szaman1977

hi Aero

I asked Stan about time cycle but he answered as usually

What I mean: NZD and Aussie finished in lows 3 monts cycle. Till now we have almost 3weeks of correction - so I think that it's only (w).

In regard to cycles, I did a high to high and came up with 97 days. Projecting forward from 2009, the high came in right on time June 19, 2012. All highs are within 3 days of projection so I am fairly close. I would also point out that wave b of C in the larger time frame June 19 reversal, is 50% of the move down, wave a of C. As a result, I think we are headed to the Aug 1, 2012 low.

Next I will look for shorter repeating cycles so we can get interim moves.

Good Luck.

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Dollar index is not looking so good. Bear strikes back

Originally Posted by JoeyLee

Dollar index is not looking so good. Bear strikes back

3 wave correction. Giving you a chance to go long.

Originally Posted by JoeyLee

Dollar index is not looking so good. Bear strikes back

Looks like 5 up to me. It still could be correcting but, I like Luxuriants' position.

Good Luck.

I think we have completed 5 waves up/down and will now go back to at least close the gaps from yesterdays open. In the swissy 9558; aussie 1.0059 and; Eur$ about 1.2563.

Good Luck.

Update on USDJPY. H&S confirmed with a retest in either wave 2 of 3 (preferred) or wave 4 of 1 of 3. Appears to have completed a 5 wave up move on 15 min chart. If so correction should hold above 79.43 for the eventual move above the previous March 14, 2012 high of 84.17.

A 100% projection of the Oct, 2011 to March 2012 move from the may low is 86.13.

Good Luck.

Originally Posted by aerocom

Update on USDJPY. H&S confirmed with a retest in either wave 2 of 3 (preferred) or wave 4 of 1 of 3. Appears to have completed a 5 wave up move on 15 min chart. If so correction should hold above 79.43 for the eventual move above the previous March 14, 2012 high of 84.17.

A 100% projection of the Oct, 2011 to March 2012 move from the may low is 86.13.

Good Luck.

I can only see the big elliot channel right now.

Originally Posted by JoeyLee

I can only see the big elliot channel right now.

I am unable to see the candles or lines you use in your chart, but looking at my own charts I would be more inclined to agree with aerocom. To me the decline does not have the right look or feel to it for an impulsive decline. It seems to choppy which is characteristic of a correction rather than an impulse. I do not currently have an open position in this pair so this is just my opinion.

Originally Posted by Gizmo

I am unable to see the candles or lines you use in your chart, but looking at my own charts I would be more inclined to agree with aerocom. To me the decline does not have the right look or feel to it for an impulsive decline. It seems to choppy which is characteristic of a correction rather than an impulse. I do not currently have an open position in this pair so this is just my opinion.

It is quite difficult to view the structure without the aid of different timeframes stack together. You could get lost when you are changing to the different timeframe unless you have ELwave. I do not have ELwave so i develop same thing as ELwave but it is manual. So I circle A B C D in weekly chart inside the yearly bar. Which one looks more impulsive ? C or D.

Originally Posted by roshan99

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SPAM!!!!!!!!!!

Let us look at weekly dollar index
Point A = impulse
Point B = impulse
Point C = corrective
Point D = corrective

At current point still can count as impulse if this month bar is red. It may form a Monthly Evening star next month if it is not greater than 83. Key point may be seen at this week.

Impulse power is exhausted at the point C and point D. I do not believe it will be a very strong impulse moving up.

Very nice set up.

Originally Posted by JoeyLee

Let us look at weekly dollar index
Point A = impulse
Point B = impulse
Point C = corrective
Point D = corrective

At current point still can count as impulse if this month bar is red. It may form a Monthly Evening star next month if it is not greater than 83. Key point may be seen at this week.

Impulse power is exhausted at the point C and point D. I do not believe it will be a very strong impulse moving up.

My dollar index is recovering from a thrust, from a triangle. It has now corrected in 3 waves from a very impulsive climb. I look for it to see 1.36 in due time. I see no bearish candles in mine. YES a break above 1.2970 would confirm. Good luck my friend
Peace.

Originally Posted by Luxuriant

My dollar index is recovering from a thrust, from a triangle. It has now corrected in 3 waves from a very impulsive climb. I look for it to see 1.36 in due time. I see no bearish candles in mine. YES a break above 1.2970 would confirm. Good luck my friend
Peace.

Do you see the bearish candles now ? Elliot wave is wonderful, isn't it ?

I see EURUSD complete A B C(12345). I am long in here. Have to take some risk.