Thread: Elliott Wave Trading Discussion

Originally Posted by JoeyLee

Maybe it is time to short NZD from long term. mmm.. Look different from Automatic Elliot wave.

no comment ...

Originally Posted by JoeyLee

Maybe it is time to short NZD from long term. mmm.. Look different from Automatic Elliot wave.

Wave 2 can never go beyond the origin of wave 1.

Crude oil is a bit difficult to analyze due to a year large spike. It may look like this. I will look at it again for NZD but I do not see it going up in long term due to AB structure. If you do not agree then what is your count ?

Originally Posted by JoeyLee

Crude oil is a bit difficult to analyze due to a year large spike. It may look like this. I will look at it again for NZD but I do not see it going up in long term due to AB structure. If you do not agree then what is your count ?

It's not a question of agreeing - a cardinal rule of Elliott Wave theory is that wave 2 cannot go beyond the start of wave 1.

bearish 1.27

ABC. Waiting Gold to break. Do you think it is going up to form another Z ?

I overwrite all the previous concepts. Market only exists in ABC. Hard to analyze without a full set of data. Get cheated by the experts. Now I got it. Only EW can predict the movement. No other indicators.

Originally Posted by JoeyLee

Last time I did not understand. Now Yes. No way Gold can reach 2000.

Hey JoeyLee. Love your enthusiasm. (& yr Photo) What's your take on the Ozzie monthly chart. Cheers.

Originally Posted by Ikee

Hey JoeyLee. Love your enthusiasm. (& yr Photo) What's your take on the Ozzie monthly chart. Cheers.

Thanks. Still moving up until touching the trendline. Same with DJIA. Still revise. Quite confuse. Cannot so confirm yet.

Originally Posted by JoeyLee

Thanks. Still moving up until touching the trendline. Same with DJIA. Still revise. Quite confuse. Cannot so confirm yet.

Thanks matess. It does look intent on 1.0700. Perhaps retrace to 1.0400 first. Lets see if The RBA pushes it down tomorrow.

Originally Posted by Ikee

Thanks matess. It does look intent on 1.0700. Perhaps retrace to 1.0400 first. Lets see if The RBA pushes it down tomorrow.

AUD and NZD are most weird one. Expanding. Difficult to predict.

Originally Posted by JoeyLee

AUD and NZD are most weird one. Expanding. Difficult to predict.

The 2nd zigzag will equal the 1st zigzag at 1.0635. Possible target.

Edit: Thought EUR/GBP would be it at .7950 But AUD say it go higher to above .8100. Believe GBP/JPY has peaked, though double top possible. Pairs I trade. Aud nearing peak. Got to short 1.07 area.

Good to see you back Joey!

Peace

Originally Posted by Luxuriant

The 2nd zigzag will equal the 1st zigzag at 1.0635. Possible target.

Edit: Thought EUR/GBP would be it at .7950 But AUD say it go higher to above .8100. Believe GBP/JPY has peaked, though double top possible. Pairs I trade. Aud nearing peak. Got to short 1.07 area.

Good to see you back Joey!

Peace

Good to see you too. I meditated in a cave recently...

This software is weird. More 3 appeared in this stage. It shows a divergence and weakness of the DJIA structure. Maybe it is happening already.

Talking heads on TV indicating US markets will go higher. Talking about only 100 points needed to set new highs. Recommending you buy, buy , buy. I like this. Hmmm USD/SGD building base. But US market went higher?

MR. A "USD/CHF .9621 area wave C = A" Say .9620 to .9635

USD/SGD always show the way. JoeyLee's SGD not worth much soon to buy US goods. EDIT: I say your SGD, because you told me once it was bearish. I disagreed. IT fell about 450 pips. LOL Mr. Risk go long at 1.2410 Won't be good for EURO

Small degree 5 wave rise, with a 3 wave downturn confirm view. 3 wave bottom buying opportunity. Little risk. Note RSI

Originally Posted by Luxuriant

Talking heads on TV indicating US markets will go higher. Talking about only 100 points needed to set new highs. Recommending you buy, buy , buy. I like this. Hmmm USD/SGD building base. But US market went higher?

MR. A "USD/CHF .9621 area wave C = A" Say .9620 to .9635

USD/SGD always show the way. JoeyLee's SGD not worth much soon to buy US goods. EDIT: I say your SGD, because you told me once it was bearish. I disagreed. IT fell about 450 pips. LOL Mr. Risk go long at 1.2410 Won't be good for EURO

Small degree 5 wave rise, with a 3 wave downturn confirm view. 3 wave bottom buying opportunity. Little risk. Note RSI

The Swissy may not make it. Based on my calculations, the time window is up. At the earliest it was 8/5 and the latest is 8/8. The USD (FXCM) looks like a bottom could be in and the $cad maybe has one quick down move but the path of least resistance is up.

Good Luck.

I foresee the aud is moving in this way. Not going to touch the bottom trend line.