Thread: Elliott Wave Trading Discussion

i'm expected that's a/usd going to bearish.. how do think guys?

i'm glad if u guys would share your opinion..ty

Originally Posted by JoeyLee

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..

Long term sets the trend, but in the long term we all die..... It's hard waiting for the market to turn, just like its hard waiting for death. So as a trader I look for short term opportunities.

EURGBP is falling. It looks impulsive but not sure as of yet.

Originally Posted by Hope/fear

Long term sets the trend, but in the long term we all die..... It's hard waiting for the market to turn, just like its hard waiting for death. So as a trader I look for short term opportunities.

EURGBP is falling. It looks impulsive but not sure as of yet.

This month is nearly end. So only left few days and the monthly bar is still bull..I do not know these couple days it can turn the monthly bar into bear and my count is end.. Might be volatile. Only reach pink 4 it can be reversal. I do not trade this pair only until it reaches to the confirmation. May be you are right..Cheers...

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Mr A I hope you have been short AUD. Wave 3 will equal wave 1 at 1.0340 Wave 3 at 1.618 FIB of
wave 1 = 1.0213

Give or take a few pips.

Does anyone have any short-term count for aussie? If so, please could you share it. I am finding this correction a bit tricky because of the 3-wave spike up today, not sure how that can fit in the bigger picture and I don't seem to remember any correction with a 3-wave as the final leg. Even triangles are internal zigzags.

I see Luxuriant has it as big wave 1 and 2 on 4H, but the shape just looks a bit odd to mark it as wave 1 to 3. But of course he could be right.

Here is how I see it Bro! We are falling in wave 3, and the decline will continue. Note: .9830 will be the 618 of C Parity is a reasonable target. Peace

Edit: Any 3 wave pull back is a selling opportunity. I look for wave 4 in the 1.0220 area

Originally Posted by Luxuriant

Here is how I see it Bro! We are falling in wave 3, and the decline will continue. Note: .9830 will be the 618 of C Parity is a reasonable target. Peace

Edit: Any 3 wave pull back is a selling opportunity. I look for wave 4 in the 1.0220 area

Hi, Luxuriant. Thanks for your chart. I am wondering how you count the internal subwaves or divisions after your wave 2 is finished? Also today's spike up retrace to 10397 is a bit shallow. And the final leg of today's retracement up seems to be in only 3-wave. That's what I found tricky in this whole move. The chart indeed looks bearish, though there is daily S/R support at around 10335.

Originally Posted by DolceVista

Hi, Luxuriant. Thanks for your chart. I am wondering how you count the internal subwaves or divisions after your wave 2 is finished? Also today's spike up retrace to 10397 is a bit shallow. And the final leg of today's retracement up seems to be in only 3-wave. That's what I found tricky in this whole move. The chart indeed looks bearish, though there is daily S/R support at around 10335.

Well I don't usually break the the fractals down on smaller TF's. But in a effort to answer your question without posting another chart. I count 5 waves down twice from my 2 with two 3 wave corrections. The last correction being the one that puzzles you. So we are in wave 3 of 3, with more decline to come.
Hope that helps

USDCAD is impossible to go low than 0.98. It just reversed back from Black 2. Ahead is still far far away ... I love this pair... I am going to holiday. I long at 0.985 in huge quantity. . Rest of the pair such as EURJPY is like dying. No chance to recover at all. Movement is such small. Not encourage to trade this pair.

Originally Posted by JoeyLee

USDCAD is impossible to go low than 0.98. It just reversed back from Black 2. Ahead is still far far away ... I love this pair... I am going to holiday. I long at 0.985 in huge quantity. . Rest of the pair such as EURJPY is like dying. No chance to recover at all. Movement is such small. Not encourage to trade this pair.

I agree 9800 seems to be strong support. But nothing is impossible in FX LOL USD/SGD support seems to be 1.2400 I buy eveytime its down there.

tbh - I don't like your count from one reason - there is no divergence in first wave

Originally Posted by Luxuriant

Here is how I see it Bro! We are falling in wave 3, and the decline will continue. Note: .9830 will be the 618 of C Parity is a reasonable target. Peace

Edit: Any 3 wave pull back is a selling opportunity. I look for wave 4 in the 1.0220 area

I have something like this



remember - that we don't need 5w structure to drop aussie

I want to tell you guys something more.
take your attention on euraud pair - this pair will tell you everything what aussie will do.
now we should finish wave 3 of 3 from low

usdtry

Originally Posted by szaman1977

tbh - I don't like your count from one reason - there is no divergence in first wave



I have something like this



remember - that we don't need 5w structure to drop aussie

I want to tell you guys something more.
take your attention on euraud pair - this pair will tell you everything what aussie will do.
now we should finish wave 3 of 3 from low

Dolce Vista, Szaman1977, Luxuriant,

Here is my contribution to you AUDUSD Conversation.

I am counting the move from 10612 as an A-B-C Flat

Here is my logic:

Wave A finished at 10410. This wasn’t impulsive, as there were overlapping waves. I count it as a w-x-y-x-z.

If wave A is in 3 waves. Then the impending move can only be a flat (3-3-5) or a triangle (3-3-3-3-3)
Wave B is in 3 waves. It is a flat. It finished at 10544.

If wave A and B are both in 3 waves, wave C is either impulsive to complete an (a-b-c) (3-3-5) flat or in 3 waves to create a triangle.

The move from wave B top of 10544 is sharp and impulsive, so the C of flat is underway.

The targets for wave C are either 1 x length of A or 1.618 x length of A.

Start 10612
Wave A – 10410 – 202 pips
Wave B – 10544 – 134 pips
100% Target = 10342 pips
161.8% Target = 10217 pips.

There has been no firm bounce from 10342. So wave C is probably extending to 10217.

So to track the internal structure of wave C.

Start 10544

1 – 10499.. 45 pips
2 – 10528 ..29 pips
3 – 10344 .. 184 pips
4 – 10397 ..53 pips
5 – Wave 3 cannot be the shortest. So wave 5 cannot finish lower than wave 4 (10397) – wave 3 range (184 pips) 10213

This is my preferred count. My alternate count in red has an ending diagonal underway.

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