Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

This chart is a continuation of my post from yesterday. Price is hanging in the .9938 area about 7p above my target low. The low also represents a 78.6% retracement of the move up. Additionally, from a time standpoint, wave 1 and 5 are equal on today. In my view the pair is likely completing a wave 2 of C with a target above 1.06.

Good Luck.

Looks like we might be getting the turn here. RSI confirms diagonal. Interestingly, wave 5 is 80% of 3.

Good Luck.

hmm....seems like most got it wrong again

Originally Posted by Mozart

Sorry for calling you a ,,Flafy One""... I was digesting that whit ,,Eat you'r word's'' but ,,Eat the crow'' i was like ,, Say what??? that wasn't even my stuff''...lol
I was expecting a flat one too in a triangle formation and down from there...the reason for the down move was simply because in my count this is the 5 wave and you never know whit the 5 one... lol... Im more like a wave 3 guy...
Congratulation for you'r win

Here is my 4H chart count...If you have any Question's please i would be happy too reeply

Attachment 140531

Update

2 chart's : first one whit the price3 projection(1,0600) and the second one whit the price pattern to 1,0600

Attachment 142527
Attachment 142528

Originally Posted by Mozart

Update

2 chart's : first one whit the price3 projection(1,0600) and the second one whit the price pattern to 1,0600

Attachment 142527
Attachment 142528

Congrats mate, where do u think aussie can go now? 660?

Thanks,

Originally Posted by Mozart

Update

2 chart's : first one whit the price3 projection(1,0600) and the second one whit the price pattern to 1,0600

Attachment 142527
Attachment 142528

I am not trying to be critical -- just trying to learn, how are you counting red Wave 3 as an impulse when Wave iv overlaps so far into the territory of Wave i?

This is my take on it:

AUDUSD,H1.pdf

Thank you

i think 1661 is for sure in gold. from there we'll see

Originally Posted by mrbandwidth

Congrats mate, where do u think aussie can go now? 660?

Thanks,

1,100 but it's not that simple...you have too folow itt on the 5-15 m Chart
I start my count on larger time frames and iff the smaller time frame gives me the goo then i make an entry,
So far it look's like more upp on the larger time frames and im looking for an entry on the smaller(5-15m Chart) time frames.

You welkome

Originally Posted by stryker43

I am not trying to be critical -- just trying to learn, how are you counting red Wave 3 as an impulse when Wave iv overlaps so far into the territory of Wave i?

This is my take on it:

AUDUSD,H1.pdf

Thank you

It's not traditional EW wave count...This is houve i count the waves i think it's more precise this way then the traditional EW way too count

You welkome

Originally Posted by Howardtin

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Just my point of wiev

5 m Chart whit 2 atempt's too goo higher...two support: first support 1,0500 and second one is 1,0430 if this support's dont hold then we could have a drop too around 1,0200 and from there too 1,100...Aniway this is not that simple it depend's on the consolidation

Attachment 142840

Here is my idea on the Eur$. In my view, there are two possibilities here. One would be a corrective move that goes down into the 1.2200 area by Wed and a bounce back to close the week near 1.2300 before continuing the move up. With that said, price could trade into the 1.2400 area then down to 1.2300.

The other is that 1.23 holds this week as an intermediate target on its way to a final low in the 1.2000 area by the end of the month to complete wave 5 of C, then a move up. I have tried to depict both possibilities in this chart.

Good Luck.

In my view, the aussie has made a near term top and moving down into the triangle with a near term target in the 1.0460 area. As I have depicted an ED as the final move up, I expect the eventual move in this pair will probably enter the area of 1.0200 and possibly back to parity.

Good Luck.

Originally Posted by aerocom

Here is my idea on the Eur$. In my view, there are two possibilities here. One would be a corrective move that goes down into the 1.2200 area by Wed and a bounce back to close the week near 1.2300 before continuing the move up. With that said, price could trade into the 1.2400 area then down to 1.2300.

The other is that 1.23 holds this week as an intermediate target on its way to a final low in the 1.2000 area by the end of the month to complete wave 5 of C, then a move up. I have tried to depict both possibilities in this chart.

Good Luck.

I could have edited my previous post again but. This is intended as a word of caution on my above post. I posted that count before looking at my spreadsheet. I have the 38.2% retracement at 1.2554. The movement in the Eur$ is likely a complex correction on it's way to the 38.2 retracement. If it is, the current move should trace out as an A-B-C complex with wave A probably already in. Wave B should be a three wave move that will likely end in the 1.22 to 1.2150 area before the final move up into the 1.2570 area. From a time standpoint I am currently expecting 8/28 to 9/5.



Good Luck.

Continuation of the $cad. This pair trades the opposite of the Aud$ so, be careful. Jamie has the Aussie triangle breaking to the downside. That may coincide with a C wave break up here. While I cannot rule out Jamies call at this time, I am holding my position that the $cad has a historical low to make and Aussie a high.

Minimum target here, near 1.0200 and possibly above 1.06.

Good Luck.

Originally Posted by aerocom

Continuation of the $cad. This pair trades the opposite of the Aud$ so, be careful. Jamie has the Aussie triangle breaking to the downside. That may coincide with a C wave break up here. While I cannot rule out Jamies call at this time, I am holding my position that the $cad has a historical low to make and Aussie a high.

Minimum target here, near 1.0200 and possibly above 1.06.

Good Luck.

Thank's for the chart's aerocom ! Correction look's beari'sh...still holding some long and wayting for the short oportunity...
I apriciate you'r work ! Look's great !

Thank's