Thread: Elliott Wave Trading Discussion

Originally Posted by stanchiam

1.25 give way, 1.254x zone(+-15pips) next
if it go below 1.25 and do not have strong bounce in the zone
then say bye bye to bulls

of course i am waiting for the bounce to complete my wave e

no bounce, my count invalidated, good luck

OOPS market turning. Not done USD/CHF ready to break above wave 1, Bullish USD

Originally Posted by Macro Observer

The euro will have little or no upward momentum this year as the euro zone struggles with recession and its sovereign debt crisis.
If the euro zone crisis eases at some point in the second half of the year, as is expected, global risk tolerance is likely to rise, which is usually positive for the Australian dollar.
Apart from the weakness of the European economy, monetary policy is more likely to loosen in the next several months in Europe than in the Australia.
ECB is expected to cut its main policy by 50 basis points before the end of 2012 to help support the euro zone economy, which is already in recession.
Australia's economy is currently suffering from the slowdown in China, but in the medium term it will continue to benefit from strong Chinese demand for mineral imports.
Australia's GDP growth is forecast to accelerate to about 3% in 2012
The Australian economy should continue to expand at around 3% a year in following years.

here is EW forum, back up your claim with some count

Originally Posted by JoeyLee

If as according to motive wave, this year lowest is wave 2, and last year high was wave 1. My own count is almost the same. Thus i believe EUR will never drop below 1.23. We are only can go for long in long term investment.

Originally Posted by stanchiam

really? by next week will find out

"EUR will never drop below 1.23"
really?

Originally Posted by stanchiam

i suddenly feel in a good mood to share
attached is usdollar chart, if the abcde goes as plan, then blah....blah......
take it with a ton of salt

back to the cave

usdollar still moving up after i posted, btw, it can blow above and extend much higher if my wave e view become invalidated
good luck to dollar bear

Before

after

Well it was close. Timing was off as I expected more of a bounce before we fell off the cliff. I should have anticipated this because of the timing of the key news releases today. They didn't give us enough time for a bounce. Here is my count adjusted for recent price action.

as per my count cum fundamental
au has plenty of room for a cut but aud has not priced in a rate cut
with china faltering, au export will slow and inflation will slow too
if it is to in-sync, it will have to cut rate
with stock market expected to sell off in short term
aud should be the next big thing

attached is spx chart

This is my view. We will see when it returns back to last week close. Hard to go long now. Tomorrow is NFP.

Originally Posted by JoeyLee

This is my view. We will see when it returns back to last week close. Hard to go long now. Tomorrow is NFP.

so so overlap
good luck

ps: since u believe "EUR will never drop below 1.23", why so hard to go long? at most a little stop

Now that I have a better internet connection I can actually post.
Long cad at 138.

Originally Posted by stanchiam

so so overlap
good luck

ps: since u believe "EUR will never drop below 1.23", why so hard to go long? at most a little stop

Like last year. Most people short when it reached to this stage. To me, I just cannot do anything now. Well, you are very brave. Bravo. ;D

wow.. some really wack counts here on st eurusd. with all those would be 4's intersecting the 1's. only obeying that rule would invalidate more than half the counts here... well anyway.. if those are fit to post this surely must be:

Dear members,

Thank you for a brilliant start of this year – making this forum the best spot on the web for traders that are genuinely interested in trading. With your different approaches and heated discussions, you give rise to a unique place on the web.

To make it an even better place to share ideas we will be updating some of the threads which will cause some broken links it’s therefore important that you bookmark the link to the forum main page which is the following link http://forexforums.dailyfx.com


For the EUR/USD and GBP/USD sections we are also forced to create new threads as the old ones are just too big.
For EUR/USD we have these new threads

• Main thread: Discuss EUR/USD - Short term ideas and trading - H2 2012
• Discuss EUR/USD - Long term ideas and trading

For GBP/USD we have these new threads

• Main thread: Discuss GBP/USD - Short term ideas and trading - H2 2012
• Discuss GBP/USD - Long term ideas and trading

These threads will replace the current main threads as “Discuss EUR/USD News with a DailyFX Analyst” and Discuss the GBP/USD with a DailyFX Analyst. These threads will still be available but closed for new messages.


So please use the new threads starting from Monday July 9 2012 as the old ones will be closed.


Feel free to reach out to me or Gregory McLeod if you have any questions regarding these changes or have ideas on how to improve the interaction on the forum.


Thank you
Alejandro

Would this be possible for those who are not that bearish?

Originally Posted by TAfool

Don't know if my "B" wave to the downside is done but I'm long with stop below $1.2400. Looking for $1.2800ish

You know, some days I really hate my job. No, I actually love it but, sometimes it can be so incredibly stressful and frustrating. I think it went below $1.2400 because I said my stop was there. sigh