Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

Thanks Gizmo. I didn't see that. Probably should have waited to go long.

Your welcome anytime.

aero
- for me triangle on price = triangle in rsi
rsi in blue area 2 is lower than rsi in blue area 1

stan
- I will add one more line to your aussie chart

Dollar H4 index. Look at the red line. 12345(wave1) and ABC (Wave 2). Panic attack again. Travel up 83.00 would invalidate this count. Panic attack. EUR is going to fall, not again !!! Quite confuse in here But I still long for AUD and NZD. . Why everybody stop again on this eurusd ? Any more comment ?

Short Aud is not a good idea. Weekly bar is still bullish although it is in the range of 100 pips. Last week was 300 pips. Perhaps NFP is going to bring us some good news. Who knows ? Short it at 1.02.

Originally Posted by szaman1977

aero
- for me triangle on price = triangle in rsi
rsi in blue area 2 is lower than rsi in blue area 1

stan
- I will add one more line to your aussie chart

ok, if that added line which coincide with my double ko hold, will confirm my view
another idea (if it is bullish) the current top hold as D, it then drop to complete wave E

Originally Posted by stanchiam

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

"next big thing"
come on, move move, go down for the wave....lol
move those candy as..
can u smell what mr stan is cooking

I was thinking a bit lower to 1.2333 which would close the gap I show on my 4 hour charts from the 1st of June. Although the mid point of that gap could also give price a good resistance at 1.2346.

Originally Posted by aerocom

Thanks Gizmo. I didn't see that. Probably should have waited to go long.

Gap easily closed this morning during NFP. Now lets see where the turning point is.

Originally Posted by stanchiam

"next big thing"
come on, move move, go down for the wave....lol
move those candy as..
can u smell what mr stan is cooking

CONGRAD GOOD JOB!

May not wait till next week
Ready to be myth busted by today perhaps

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

Myth Busted, short aud is a good idea as per EW count
unless ms joey summon the mad cow

Originally Posted by JoeyLee

Short Aud is not a good idea. Weekly bar is still bullish although it is in the range of 100 pips. Last week was 300 pips. Perhaps NFP is going to bring us some good news. Who knows ? Short it at 1.02.

Originally Posted by Edward16

CONGRAD GOOD JOB!

Thanks, on the dot again
errr.....just eaten a humble pie , just a lucky guess
and i will have many many many more lucky guess

Another myth busted

Originally Posted by JoeyLee

This is what i see on the daily chart. It looks like complete 5 wave. It may be truncated

Originally Posted by stanchiam

"may be truncated"
then should be not truncated
by the way, what is the move that let you think it is truncated?
and truncated count is 99% of the time incorrect as it is used by traders to give a valid excuse that the move is done
anyway, nice sharing your view

Eur progressing nicely just as expected. We will see if the blue line can hold price for now.

Originally Posted by aerocom

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.

Hope this helps.

Good Luck.

Luxuriant;

Thanks for pointing this one out. No way would I have played this had you not pointed it out. I caught a good entry too.
Your request has paid dividends.

Good Luck.

Originally Posted by skinnypuppy

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:

Originally Posted by aerocom

Luxuriant;

Thanks for pointing this one out. No way would I have played this had you not pointed it out. I caught a good entry too.
Your request has paid dividends.

Good Luck.

I think its a better guide than the dollar index. LOL I have been to busy shorting. But I did catch a few pips on USD/CAD. Back to the AUD and going higher. Look at the AUD/CHF. You will be amazed where its at.

EDIT: What I am getting at is I believe the AUD/USD dropped in a B wave. The AUD/CHF barely moved down from super highs for the year.

Peace