Thread: Elliott Wave Trading Discussion

Originally Posted by aerocom

According to my count the $chf waves a & c should be equal at .9529 and the Eur$ at 1.2597. Watch these areas for a turn.

Good Luck.

Hi Aerocom,

My count for EUR$ is attached.

Bottom - 1.2041
(a) - 1.2442
(b) - 1.2240 - 50% retracement was 1.2242
(c) = (a) at 1.2641

Where is your (b) wave to achieve 1.2597. I may use your count as an alternate.

Cheers

Any views welcome.

Originally Posted by Hope/fear

Hi Aerocom,

My count for EUR$ is attached.

Bottom - 1.2041
(a) - 1.2442
(b) - 1.2240 - 50% retracement was 1.2242
(c) = (a) at 1.2641

Where is your (b) wave to achieve 1.2597. I may use your count as an alternate.

Cheers

I posted my chart last night.
Here is the hourly chart which reflects the count that I am following.

I made an error in this chart. I have price for wave 1 at 1.2318 and it should read 1.2288. C=A at 1.2597.

Sorry for the confusion

Good Luck.

Originally Posted by Hope/fear

Any views welcome.

I am counting this the same as you with one exception. If you look where you have iv after (c), the second move up is a clear 5 in my view and counts as 3. Then you can count the last move up with an expanding triangle and a slight move up which I am counting as 5. One major consideration, price appears to have topped at the .618 retracement of what I consider a B wave.

The concerns are:
Time: if we assume that time in wave 5 will equal to wave 1; time was up yesterday. However, in comparison to time in the Eur$ where time is not up until 8/25/12, this is a bit of a concern but not much in my view. Here, time is C & A are equal and 5=1. Time is up.
Price: Based on my calculations, A&C were equal at 1.5902. Price went to 1.5912. Based on the 5th wave principle price should not go beyond 1.5921.

I am short. I did however, give the pair room to make a new high.

Good Luck.

Originally Posted by aerocom

I posted my chart last night.
Here is the hourly chart which reflects the count that I am following.

I made an error in this chart. I have price for wave 1 at 1.2318 and it should read 1.2288. C=A at 1.2597.

Sorry for the confusion

Good Luck.

Thanks for posting... So it seems that the target area for could be said to be 1.2597 - 1.2641. There is another extremely bullish count, I will post it when its ready.

Originally Posted by aerocom

I am counting this the same as you with one exception. If you look where you have iv after (c), the second move up is a clear 5 in my view and counts as 3. Then you can count the last move up with an expanding triangle and a slight move up which I am counting as 5. One major consideration, price appears to have topped at the .618 retracement of what I consider a B wave.

The concerns are:
Time: if we assume that time in wave 5 will equal to wave 1; time was up yesterday. However, in comparison to time in the Eur$ where time is not up until 8/25/12, this is a bit of a concern but not much in my view. Here, time is C & A are equal and 5=1. Time is up.
Price: Based on my calculations, A&C were equal at 1.5902. Price went to 1.5912. Based on the 5th wave principle price should not go beyond 1.5921.

I am short. I did however, give the pair room to make a new high.

Good Luck.

hy aerocom

i would love to ask you question !!! Time you can calculate time for waves???

Sorry my bad, that wave iv is in progress. I expect it to fall to that level. The count is allowing for one more high

Originally Posted by aerocom

I am counting this the same as you with one exception. If you look where you have iv after (c), the second move up is a clear 5 in my view and counts as 3. Then you can count the last move up with an expanding triangle and a slight move up which I am counting as 5. One major consideration, price appears to have topped at the .618 retracement of what I consider a B wave. We have the same count. If price has topped, then I expect 5 waves down at a lesser degree as this would be part of Wave C down.

The concerns are:
Time: if we assume that time in wave 5 will equal to wave 1; time was up yesterday. However, in comparison to time in the Eur$ where time is not up until 8/25/12, this is a bit of a concern but not much in my view. Here, time is C & A are equal and 5=1. Time is up.
Price: Based on my calculations, A&C were equal at 1.5902. Price went to 1.5912. Based on the 5th wave principle price should not go beyond 1.5921.

I am short. I did however, give the pair room to make a new high.

Good Luck.

Originally Posted by Mozart

hy aerocom

i would love to ask you question !!! Time you can calculate time for waves???

ohhh i get itt...waves equal with time in space...i have to try this ...

Thank's aerocom

Originally Posted by Mozart

ohhh i get itt...waves equal with time in space...i have to try this ...

Thank's aerocom

You got it. Time and price or amplitude.

Good Luck.

I see a bounce coming in GBP, and EURO. I think AUD will stay weak.
GBP/JPY move to 125.89 possible. Then down!
Possible count!

Peace

Originally Posted by aerocom

According to my count the $chf waves a & c should be equal at .9529 and the Eur$ at 1.2597. Watch these areas for a turn.

Good Luck.

I agree with your targets and we came close to both today. On my charts though I do not see divergence on the daily chart yet, but there is on the lesser time frames. I am looking for a turning point in this area since it is the area where the upper trendline on my chart and the 38.2% fib line come together. If we do get a new high to create the divergence, I don't think it will be by much.

......EUR/USD........

Originally Posted by Gizmo

I agree with your targets and we came close to both today. On my charts though I do not see divergence on the daily chart yet, but there is on the lesser time frames. I am looking for a turning point in this area since it is the area where the upper trendline on my chart and the 38.2% fib line come together. If we do get a new high to create the divergence, I don't think it will be by much.

I agree with you on the Eur$ and therefore the $chf. Using the 5th wave principle, there is a higher target in the 1.2650 area. If it is reached it would be reached on Sunday evening/Monday at the latest. Additionally, the wave 4 could travel to wave 4 of 1 lesser degree 1.2641 to 1.2843. However, based on the guideline of alternation, wave 4 should be shallow which would mean less than 50% and likely in the 38.2% area. But,it is just a guideline.

Good Luck.

Good Luck.

Originally Posted by aerocom

I agree with you on the Eur$ and therefore the $chf. Using the 5th wave principle, there is a higher target in the 1.2650 area. If it is reached it would be reached on Sunday evening/Monday at the latest. Additionally, the wave 4 could travel to wave 4 of 1 lesser degree 1.2641 to 1.2843. However, based on the guideline of alternation, wave 4 should be shallow which would mean less than 50% and likely in the 38.2% area. But,it is just a guideline.

Good Luck.

Good Luck.

Thanks for the time guideline. While I am already looking for a reversal signal and waiting for one more high, I will definitely keep an eye out at the open of next week. Keep up the fantastic work.

I see that some people still watch on one pair and they want to predict what market will do. FORGET ABOUT IT. You must watch on all pairs, you must try to find correlations.

@Gizmo
your chart of eur$ is WRONG.
look on usdx daily.

I will tell more - on rsi trend line from may 2011 is BROKEN.
For me it's very possible that cycle from 2011 is over and now we will correct this cycle.
I know that it's not rule but on 1,30xx is not filled gap ...