Thread: Elliott Wave Trading Discussion

Her is my count of the audusd. I am currently flat. I have 2 counts with the alternate count in RED. I am watching the 1.0350 area for a determination of move. If wave C is complete, the move in the 350 area will be corrective. If not, a 5 wave move should occur.

Good Luck.

Originally Posted by aerocom

Her is my count of the audusd. I am currently flat. I have 2 counts with the alternate count in RED. I am watching the 1.0350 area for a determination of move. If wave C is complete, the move in the 350 area will be corrective. If not, a 5 wave move should occur.

Good Luck.

Good to see you. Mr.A. So What is your comment for this USDCAD ?

A longer term perspective on the Eur$.

In an impulse, wave 3 cannot be the shortest wave and wave 4 cannot overlap wave 1. The alternative is a diagonal where it is expected that wave 3 would be shorter than wave 1 and wave 5 shorter than wave 3. It is also an expectation that wave 4 would overlap wave 1. Even in a diagonal, wave 4 is always shorter than wave 2. In a diagonal, waves 2 and 4 are both zigzags.

It is interesting that wave 3 in this chart took 150 days which is nearly 2 times wave 1 yet price is only .89 times wave 1. Wave 1 is the longer wave. The price in wave 4 has overlapped wave 1.

Wave 1 as marked on the chart is 862p so wave 4 will be less than 862p. Therefore, I expect that price will rise to a point that is at least 50% of wave 3 which is 1.2763. Near the top of the channel before the decline begins in earnest. At the earliest, if price is at .5 and time is at .382, the top should occur on September 18, 2012.

If price in the pair reaches 1.2763 in wave 4, the likely low in the pair is 1.1867 which is in line with TA's projection. However, the Eur$ has a tendency to overshoot, if it does, a likely target is 1.1752.

Good Luck.

Originally Posted by JoeyLee

Good to see you. Mr.A. So What is your comment for this USDCAD ?

Thanks Joey;

Sometimes being away gives a different perspective. Anyway my thinking is pretty much the same as yours with few exceptions. I think there is potential for a rise to a B wave high in the 1.10 to 1.11 area before a drop to a new low to complete wave C down.

As an alternative in RED, wave B is less that 61.8% so, the probability is that wave B is not complete and will exceed 1.3100 before reversing in a C wave down equal to Wave A. Either way, I think the bottom is not until the .6200 to .6500 area.

Good Luck.

Originally Posted by aerocom

Hello Ladies and Gentlemen;

I think the trend is still up possibly, into mid to late September, if not into early October. I am watching Oct 4. Here is my latest chart of the Gbp$. I think the .71 area is one to watch. Based on my count, price should rise to 1.6015 which is arrived at using the 5th wave principle. This is confirmed by a measurement of a of v of c. Here, the indicated target is 1.6006.

Good Luck.

Aerocom, what are your current views on Ucad?

Originally Posted by Bignatx

Aerocom, what are your current views on Ucad?

Hey big guy. Look a few posts down, and you will find the Gann masters view on USD/CAD. I checked your blog out a few day ago. Congraz on your EURO trading.
Peace

Originally Posted by Luxuriant

Hey big guy. Look a few posts down, and you will find the Gann masters view on USD/CAD. I checked your blog out a few day ago. Congraz on your EURO trading.
Peace

haha oh wow, how i didnt see that I dont know! Thank Lux. I appreciate it sir!

Originally Posted by aerocom

Thanks Joey;

Sometimes being away gives a different perspective. Anyway my thinking is pretty much the same as yours with few exceptions. I think there is potential for a rise to a B wave high in the 1.10 to 1.11 area before a drop to a new low to complete wave C down.

As an alternative in RED, wave B is less that 61.8% so, the probability is that wave B is not complete and will exceed 1.3100 before reversing in a C wave down equal to Wave A. Either way, I think the bottom is not until the .6200 to .6500 area.

Good Luck.

Thanks..This pair i want to long, i do not want to short but current drop is not looking good with my count. I expect it to go up yesterday and go down to 0.98 to complete Black 2. Now it seems it is going further down without any brake at all. Thus i suspect the Burgandy 2 is not complete yet or Green C is not complete yet.. So you are expecting it to move up and go down.. Black 2 cannot be lower than Burgandy 2. If let said it is lower than Burgandy 2 the whole structure could be ABC (C will be longer). I cannot find where is the C point. Thus i abort the idea of going long. Did you ever see the Green ABC drop down to the root price ? So i have a doubt in here. But i found AUD is still a good pair. I long it..

Originally Posted by JoeyLee

Thanks..This pair i want to long, i do not want to short but current drop is not looking good with my count. I expect it to go up yesterday and go down to 0.98 to complete Black 2. Now it seems it is going further down without any brake at all. Thus i suspect the Burgandy 2 is not complete yet or Green C is not complete yet.. So you are expecting it to move up and go down.. Black 2 cannot be lower than Burgandy 2. If let said it is lower than Burgandy 2 the whole structure could be ABC (C will be longer). I cannot find where is the C point. Thus i abort the idea of going long. Did you ever see the Green ABC drop down to the root price ? So i have a doubt in here. But i found AUD is still a good pair. I long it..

There is a gap between .9786 and .9799 which could cause resistance to give you the turning point you are looking for.

USD/CHF just fell like USD/CAD, DXY from a triangle. Wave 5 and C ending moves. Just a thought.
Peace

Anyone has a count for EURUSD? Can you please share with us?

Just finished. This is a daily. the green line is the line depicted in yesterdays post in regard to the Eur$ pair. Everything stated there is still applicable. This may be a good place to short but, I think there is probably one more move up. In any event, price in wave 4 should not exceed the length of wave 1 which would have you place your stop above 1.2903. Watch the .618 as resistance and a possible turn point.

Good Luck.

I'd be careful trying to pick the top of the recent rally. 50% retracement of wave d of (b) comes around 1.35. Still long way from here

Here is what I think is the best opportunity for the patient trader. The GBP$ on a trade in the 6000 area below the upper trend line, should offer a minimum of 620p (.618 of A) and maximum of 1033p (C=A.)

Good Luck.

EUR/GBP in turning point. So far we see a bounce right of 50% retracement of wave (III) according to the count bellow.