Now that I have sent flowers. You know I want something. I see these posts about shorting the dollar. I have a bias view being bullish USD. If you ever have time can you count this with an unbiased view? I know, I don't ask much. LOL The only history I have is from marketscope. If you don't have time its no big deal. Thanks
Here it is. This is a daily count. When you posted this I started to play it. I think the first move up is complete. Price retraced a little more than 50% which is a concern for a wave 2 but, the move up is impulsive. However, it could be a of b of 2 which would mean a 5 wave down move to complete the larger wave 2. A break to a new high would mean that wave 3 is clearly under way.
spike on aussie was very strong (in time when I expect w4) that's why I changed my count from 5w in W to 3w in W
Keep It Simple. You have a 5 down with bookends. The 5 down has to be a wave 3. The other waves meet the rules. Wave 2 cannot. Wave 3 cannot be shortest. Wave 4 cannot overlap wave 2. Wave 2 retraced the entire move by 61.8%. Alternation would mean that the minor wave 2 should vary. The entire wave C should equal wave A and, as a guideline probably would enter the area of the previous wave B. Equality does not occur until .9167.
As expected. People do not like the truth. They jump to the year they like. My system consists of impulse wave identifier. Correct method of wave counting must come with a good tool. You will get confuse if you switch to different time frame. ELWAVE is allright but it is still robot. Robot only acts in a confirmation way. It could not tell you the earliest movement. Best way is human maneuvers the system. So you must need a good tool.
MOZI32, the chart i sent u yesterday kicking as now, location of bounce on the spot
if it work out as planned, then there will be more blood spill for usd bulls
develop those eagle eyes, see what others do not
but remember, like waves flow, so do your count, unless there is invalidation, try to stick to it
As expected. People do not like the truth. They jump to the year they like. Elliot Wave is the best but the way of using it must base on the historical data.
well, agree in some sense, most are just doing patch work or should i say, guessing
therefore, those count are shaky as they do not have the foundation
if u ask them to say how much confident they have in their count, most will say 50 50
so if it is just a guessing game for most who used ew, then that will be the reason why they say EW is crap
ps: btw, although i do not agree with your count, we shall see if your count work, cheers
well, agree in some sense, most are just doing patch work or should i say, guessing
therefore, those count are shaky as they do not have the foundation
if u ask them to say how much confident they have in their count, most will say 50 50
so if it is just a guessing game for most who used ew, then that will be the reason why they say EW is crap
ps: btw, although i do not agree with your count, we shall see if your count work, cheers
My count is a long term count. I do not count it to micro. So what i sometimes posted may be stop loss is about 100 pips. Thus I develop another program to overcome my problem, if the price moves away 30 pips away, then it will put a stop loss to the price where i have entered. Then when it returns back to entry price, automatically it will put another pending order below 20 pips from the previous order. So only thru this method i can enter at the lowest price. It only shifted 5 times. I stop it if it is shifted more than 5 times because that it is a wrong counting. Good wave counting must have a good tool.
This is H4 NZDUSD. GreenYellow and pink is a weekly bar. Last two weeks ago, it was a bull bar, therefore, you see last week bar is bear and it is not engulfing, hanging on the top. Therefore, it would not be possible to short it on this week. If you switch to H1 count this week, you only can see the bear wave. Thus why most people get lost in counting without a good system.
MOZI32, the chart i sent u yesterday kicking as now, location of bounce on the spot
if it work out as planned, then there will be more blood spill for usd bulls
develop those eagle eyes, see what others do not
but remember, like waves flow, so do your count, unless there is invalidation, try to stick to it
ps: me just passing by, not back
mozi, can u believe your eyes, why is price behaving like what i predicted on gbpusd?
hmm....same answer here, lucky guess....
ps: bro, if u longed at my indicated zone around 1.548, u owe me around 200 pips now
me not back, it is just wind passing by
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Originally Posted by Luxuriant 
"lucky guess" again?? lol
