Thread: Elliott Wave Trading Discussion

another way of counting aud
no matter how, it still lead to the same conclusion
or the start of nesting 12 which will lead to explosive move up
good luck bulls



ps: aerocom, i just found out why u cannot upload image, the programmer restrict the image size to 800x800 max, either u resize it or use site like imageshack to upload and paste the image link here

Originally Posted by stanchiam

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

You shorted! Who is Mr. RISK? 1.0480 to 1.05 then drop down in triangle. Thrust up to new high for the year. Triangle for GBP look at it!

EDIT: Your shorting a wave 3 rise. You might get lucky and get 1.250. Mr.Risk I pay no mind to the news. But MR Weaken the USD (Give US QE3) will testify before congress today.

I favor GBP/AUD To resume bear trend in 5 waves. 5 up in A. 5 down in B. 5 up in C. A= C within 11 pips. C should be finished. Would not rule out another test of C. Conservative trader could wait for break of A, and catch impulsive wave 3 down. Note to reader. I am short
Peace

Originally Posted by Luxuriant

You shorted! Who is Mr. RISK? 1.0480 to 1.05 then drop down in triangle. Thrust up to new high for the year. Triangle for GBP look at it!

EDIT: Your shorting a wave 3 rise. You might get lucky and get 1.250. Mr.Risk I pay no mind to the news. But MR Weaken the USD (Give US QE3) will testify before congress today.

hmm...how do u know my target is 1.250??
anyway it is hit, 60% off the table, the rest moved the stop near break even

btw, this is calculated risk, when i trade in a pair, i also looked into other pairs
for this trade, i have looked into eurusd, euraud, gbpaud, spx, usdollar
and quoted in my comment "as long i see it."

btw, a break below 1.258 give me extra confident in my count

Originally Posted by stanchiam

hmm...how do u know my target is 1.250??
anyway it is hit, 60% off the table, the rest moved the stop near break even

btw, this is calculated risk, when i trade in a pair, i also looked into other pairs
for this trade, i have looked into eurusd, euraud, gbpaud, spx, usdollar
and quoted in my comment "as long i see it."

You did well Mr S but that was a buying opportunity. I shorted EUR/AUD GBP/AUD
PEACE and Good Luck. I post to much, gone for a few days

Originally Posted by Luxuriant

I favor GBP/AUD To resume bear trend in 5 waves. 5 up in A. 5 down in B. 5 up in C. A= C within 11 pips. C should be finished. Would not rule out another test of C. Conservative trader could wait for break of A, and catch impulsive wave 3 down. Note to reader. I am short
Peace

how about this, your C look to me a 3 wave
hope it will not affect your count, good luck

Time is important. When time is up, the trend must change.

Thanks Stan. That was it.

Good

Here is my Eur$ perspective. The turn came in the expected date range but, slightly below the target area. Possible targets are 5=1 at 1.2008 and 5 = .618 of 1-3 at 1.1953.

Price is moving pretty fast but, I have target dates of 7/25 - 7/26. These are possible targets and should be used as a general idea of what could likely happen. You should always expect the unexpected. To paraphrase Rumsfeld; There are known knowns and known unknowns. We are generally harmed by the unknown unknowns.

Good Luck.

USDCHF from 1970 is in WXYZ form. It is impossible to count it as 12 due to overlap. Therefore it will reach 4.00 in future. Amazing US Dollar can gain so high from the count. Just cannot believe it. Do you believe it ? Same as the count for US index. This pair I invest 5K USD from April 2012.

hello,

what about gold euro ?

perhaps we are in wave 4 and soon wave 5

what do you think about this wave : wave 4 or wave B (ABC)

thanks

Originally Posted by JoeyLee

USDCHF from 1970 is in WXYZ form. It is impossible to count it as 12 due to overlap. Therefore it will reach 4.00 in future. Amazing US Dollar can gain so high from the count. Just cannot believe it. Do you believe it ? Same as the count for US index. This pair I invest 5K USD from April 2012.

I was thinking USD/CAD should correct to around 1.00. When it gets there be a long to hold.
Edit: Do you still have your long from .9800?

Originally Posted by Luxuriant

I was thinking USD/CAD should correct to around 1.00. When it gets there be a long to hold.
Edit: Do you still have your long from .9800?

I still compiling the long term data from 1960 so i cannot confirm but I already long in a small portion. I have posted this pair last week ago. Last year low was in B cycle. It would go for C cycle if it can reach 1.00. I also prepared to long in huge quantity if it can reach 1.00.

if this scenario happen, then we shall see risk aversion
mr ben reluctant to open his mouth and say the QE word later will let mr market thoroughly disappointed
the aftermath? mr market will show it through the market
good luck

ps: which currency is the symbol for risk? that will be the one to be ........

As you can see in the chart. US CPI is under control that means US stop printing money. Dollar index stop in the bottom, going to rise. Trade balance is in 1212 form that means more export than import. So Dollar has a great chance of long term recovery.

Originally Posted by JoeyLee

As you can see in the chart. US CPI is under control that means US stop printing money. Dollar index stop in the bottom, going to rise. Trade balance is in 1212 form that means more export than import. So Dollar has a great chance of long term recovery.

that will either mean the world is saved with usa recovering
or that money/asset of risk aversion from the crash will be buying dollar as safe haven