Thread: Elliott Wave Trading Discussion

Mr. S EUR/CAD also finishing wave 5 down. Hmmm

just remember what i said on euraud
if it did move up massively, it will only mean either a sell off in aud
which in turn will mean sell off in equities etc or a massive move up for eur compare to aud (eur become a darling? lol... i dont think so)

perhaps 6-12 month later i will dig out my euraud chart to compare and show the result
good luck mr risk

Originally Posted by stanchiam

just remember what i said on euraud
if it did move up massively, it will only mean either a sell off in aud
which in turn will mean sell off in equities etc or a massive move up for eur compare to aud (eur become a darling? lol... i dont think so)

perhaps 6-12 month later i will dig out my euraud chart to compare and show the result
good luck mr risk

No risk. I banked small pips on EUR /AUD

Originally Posted by Luxuriant

AUD/USD I don't know much about 15min charts. I don't trade that time frame.
EDIT: Note to the reader. I will not be going long AUD. I prefer to use AUD strength to short GBP/AUD. Its a psychological thing. I love to short. I may even short EUR/AUD
Peace

this used to be my count
the problem with corrective wave is that it can be complex and the direction confusing
reason is the same count can be turn up down and become a bearish count
so which is the true move? having a count that look good does not mean the is the real trend
attached is the example of what i mean, i can turn your move upside down and turn it bearish

so both count is valid, then which the way it will go? how confident are you with the count?
that is up to you and your holy grail.... cheers
for me, i have analyzed every single detail and have taken my choice
good luck

anyway, till now have not see any bros share their view on eurusd, audusd and euraud and how they will match up to each other, maybe bros still trying ...

i have shared my view and hope it will be helpful for your future trade

Originally Posted by stanchiam

anyway, till now have not see any bros share their view on eurusd, audusd and euraud and how they will match up to each other, maybe bros still trying ...

I have shared my view and hope it will be helpful for your future trade

I tuck my work away in the Trading Journal Stanchiam rather than here as I am not EW only - always welcome your keen eye. I do a weekend report and try and update during the week too but for my own benefit really. Always call in here though to see how the specialists are feeling about the counts but prefer my big picture down approach, labelling up last in the process but not to the degree of finality you guys do. Hats off to you gentlemen.

Originally Posted by Clivewaverider

I tuck my work away in the Trading Journal Stanchiam rather than here as I am not EW only - always welcome your keen eye. I do a weekend report and try and update during the week too but for my own benefit really. Always call in here though to see how the specialists are feeling about the counts but prefer my big picture down approach, labelling up last in the process but not to the degree of finality you guys do. Hats off to you gentlemen.

i have my own journal too, scary little book, its like a book of the future....lol
anyway nice work, keep it up!

Originally Posted by stanchiam

i have my own journal too, scary little book, its like a book of the future....lol
anyway nice work, keep it up!

Thanks Stan.

If AUD this week ever come down to black 1, then this count is valid. Trick was at these few months triangle. Would you want to take a risk ? I should have a vacation. Do not want to involve in this until next year.

Originally Posted by JoeyLee

If AUD this week ever come down to black 1, then this count is valid. Trick was at these few months triangle. Would you want to take a risk ? I should have a vacation. Do not want to involve in this until next year.

Its all one market. I believe the Eur$ will drop one more time to the 1.2003 area. It will then rally into the 1.27-1.28 area before a drop latter this year or early next year to the 1.1745 to 1.1862 area then move up from there into the 1.35 area.

Corresponding moves in the Gbp$ will have it drop to correct the up move. A 300p drop will place the Gbp$ at about 1.5325. Then it will move up with the correction in the Eur$. If it moves up about 700p, that will place the Gbp$ near 1.60 thus, my 1.59 area. Then it will move down about 1k points to complete wave D of the triangle. Afterwards and along with the move in the Eur$, the Gbp$ will complete wave E. I am now thinking the triangle will complete about April of 2013.

A corresponding move in the Audusd will have it move up slightly to the 290-300 area. Afterwards and along with the wave (v) of v of 3 down in the Eur$, the Audusd should pull back into the 1.0000 to 1.0060 area then move up with the Eur$ wave 4 to the 1.0511 to 1.0611 area. Then I look for a move into the .91-.92 area to correspond with the wave 5 down in the Eur$ and Wave D completion in the GBP$.

I have not ruled out the possibility of a triangle in the Audusd pair. But, this could be a double zig-zag correction also. I tend to lean that way since the first move down is clearly a zig-zag. Based on the anticipated movement as stated above, the pair could be in an expanded flat correction that would bring price back to 1.0073; followed by a 3 wave up move equal in length to the first 3 wave move up which would bring price into the 1.0700 area.

Hope this helps. I cannot post charts and have not figured out why.

Originally Posted by stanchiam

Dear bros

it has come to my attention that euraud and eurgbp will be completing their low soon
provided in this chart, wave iii of 5 do not become wave i and extend

if low is to be in, what can cause the massive reversal?
do we see a massive upmove in eur or a massive down move in aud?
how do your count measure up with such scenario?

Lets have a grand debate and idea sharing
It will be extremely beneficial for the long time movement for both pairs

the eurad promise mad pips to those who can time the return! it's always on open at one corner in my screen. however the iv intersects the i in your count and it's not a diagonal.

Originally Posted by stanchiam

this used to be my count
the problem with corrective wave is that it can be complex and the direction confusing
reason is the same count can be turn up down and become a bearish count
so which is the true move? having a count that look good does not mean the is the real trend
attached is the example of what i mean, i can turn your move upside down and turn it bearish

so both count is valid, then which the way it will go? how confident are you with the count?
that is up to you and your holy grail.... cheers
for me, i have analyzed every single detail and have taken my choice
good luck

Break of 1.0285 confirms view, and AUD higher. Mr Risk bank small pips after going long on small set back. Wait on next trading session. Debate is good.

Originally Posted by Luxuriant

Break of 1.0285 confirms view, and AUD higher. Mr Risk bank small pips after going long on small set back. Wait on next trading session. Debate is good.

ya, higher, to what level?
as long 1.033 hold, it is still in danger of losing ground
but wth, as long i see it. Shorted 1.029, want to see how far it can run

Originally Posted by skinnypuppy

the eurad promise mad pips to those who can time the return! it's always on open at one corner in my screen. however the iv intersects the i in your count and it's not a diagonal.

what do u mean?
don't intersect mean it is a diagonal?

Originally Posted by stanchiam

BEFORE



AFTER

so lucky to get it on the dot again
humble pie taste so nice...lol

you can deny it, but my chart just got so "lucky" most of time
something special?

ps: ignore my 2nd target, i have a change of heart

AFTER AFTER
wave C completed