Thread: Elliott Wave Trading Discussion

Originally Posted by Nouf-WPT

Hello can you pls elaborate on your style of counting, i have no clue what you are counting or what rules your are using, as that is not conventional Elliott Wave, well nothing that i ever studied, for the interests of other posters that are either trying to learn or watch your style of wave counting, can you let me know/us your rules and guidelines, as i suspect thats some sort of variation of Elliott Wave

I have never seen a corrective looking sequence counted as some sort of 5 wave move, its not anything i have seen let alone broke one of the golden rules (wave 2 must never retrace 100% of wave 1)

Thanks

Hy Nouf-WPT

You can't find this way of counting waves because it's my own system.A lot of people are against itt because it's not traditional EW counting it's my own way too count waves and itt work's togheter with my other system wich i use too enter an exit the market.Anyway I may not post in the EW thread( WICH I DID TOO HELP FELOW TRADER'S TO SEE ANOTHER POINT OFF WIEV AND MAYBE HELP THEM TO MAKE A BETTER DECISION) beacause i see one or two people are not wery confortable with me posting my way of counting in this thread.From now one im gona post only on request here on EW thred the other post's from me you can find in the Aud/Usd & Eur/Usd thread.

Regard's

Mozart

Originally Posted by stryker43

Maybe you shouldn't post in the Elliott Wave forum if what you are doing is not actually Elliott Waves. This is not an attack on you, it would eliminate the confusion to those visiting who are learning or interested in actual Elliott Wave Theory.

I find value in all posts, so I am not saying do not post. Just post in the appropriate forum for clarity. It’s kind of like me posting a CHF/JPY chart in the EUR/USD forum; yeah it’s all Forex but probably not the right forum.

Hy stryker43

It's not like you posting Chf/Jpy on Eur/Usd forum but if you wish soo please dont lett me stop you.
First off all we all post here for the diferent point of wiev.But for you'r pleasure i wont do that anymore! From now one if you are curios about my post you can find the on Eur/Usd an Aud /usd thread where they are apriciated from other thrader's.

Wish you the best

Mozart

I think EUR is going to this direction. I am waiting it to touch upper channel because it is end of the month and moving down next week after next month NFP confirmation. Do not know what will be happened to next month NFP..

I think 1.265 is the best location...

Originally Posted by JoeyLee

I think EUR is going to this direction. I am waiting it to touch upper channel because it is end of the month and moving down next week after next month NFP confirmation. Do not know what will be happened to next month NFP..

I think 1.265 is the best location...

Hi Joey;

Good to see you back. I will be out traveling most of the week. Will check in when I have time.

Good Luck.

Her is my thinking on the $cad. Even though it has come near the wave c target, missed by 3p, there may be one more low into the 9880 area.

Good Luck.

Hello
the eur / usd is expected to 1.2430 level
it is a turning point XABCD formation and strong support

Originally Posted by Hope/fear

This is how I am now counting it…

Top 10612

A – 10410 – 202 points
B – 10544 – If you look at it, its an (A--------B--------C) Flat. The C leg was impulsive and in 5 waves
C – 10342 – This target is because at minimum C should equal A. So 10544 minus 202 is 10342

UPDATE

It missed the 10342 target by 2 pips. If the move down from 10612 is counted as a flat only the following options are available for this pair:

The 3 wave move down is part of a flat. (3--------3--------5), so the next move is upwards in 3 waves
The 3 wave move down has completed a flat at a larger degree. The next move is upwards in an impulsive manner.
The wave C of this flat is incomplete and could extend to 10217, which is 1.618 x the length of A. (See length of A above)

So a 66% chance of a bullish move... I like those odds

if we saw 3 waves in wave A or W then in C or Y we will see also 3 waves
(a) of ((y)) looks like 5w structure so I expect another 5w as (c) of ((y)) -- after correction showed by tomek

We have the same charts. I count the same waves on eur/usd. Who is wrong?

this was my gold scenario. it still is:

I still think Gold will move in this way...

Lightning Round!

Of the 24 thousand traders that visit the forum on monthly basis just a few people post - I want to thank you that post and make this thread alive - without you Gregory and myself would probably be working on other projects

Yet lets make this thread even better and show that this section is really needed. Lets aim to post 100 times per day. Might it be charts, interesting reading, comments on your positions or anything else that might help us trading. You can even post a non FXCM/DailyFX chart.

If you like this stuff but don't post - please join today and start posting Register at DailyFX Forex Forum | FX Forum

Lets begin with a Lightning Round!

What's your view? it does not matter if its long or short term - bullish or bearish. With or without chart.

Originally Posted by Alejandro Zambrano

Lightning Round!

Of the 24 thousand traders that visit the forum on monthly basis just a few people post - I want to thank you that post and make this thread alive - without you Gregory and myself would probably be working on other projects

Yet lets make this thread even better and show that this section is really needed. Lets aim to post 100 times per day. Might it be charts, interesting reading, comments on your positions or anything else that might help us trading. You can even post a non FXCM/DailyFX chart.

If you like this stuff but don't post - please join today and start posting Register at DailyFX Forex Forum | FX Forum

Lets begin with a Lightning Round!

What's your view? it does not matter if its long or short term - bullish or bearish. With or without chart.

AUDUSD - Bull - Target - 10510.... It may dip slightly below 10344 first
EURGBP - Bear - It looks like a triangle formed prior to 7954. No target at present

Trend is changing when EURGBP is crossing Pink 4. It looks like expanding..Do you really want to short it ?

Originally Posted by JoeyLee

Trend is changing when EURGBP is crossing Pink 4. It looks like expanding..Do you really want to short it ?

First I thought it was a 4 hr time frame but then I discovered that this is chart from 1979. Looking to buy close to the last "2" seems to be a good idea.

Lets see how this plays out in a few years

Originally Posted by Alejandro Zambrano

First I thought it was a 4 hr time frame but then I discovered that this is chart from 1979. Looking to buy close to the last "2" seems to be a good idea.

Lets see how this plays out in a few years

Ah ha...Thanks...Only you notice it... I only show those one with long term data... I have a doubt on this EURGBP because I only have the data from 1979, still missing 1970 or it might be WYZ. Cheers..