Thread: Elliott Wave Trading Discussion

Ok, this one seems clear to me but, who really knows. There is a gap back at .9183 visible on both the daily and weekly chart .9194-.9183. Possibly going back to close. If y and z are equal, look for a turn in the .9100 area.

Good Luck.

The Eur$ should rise to near the area of wave 2 of the diagonal. Based on this analysis the resulting move should result in a price top in the area of 1.3340 to 1.3380. Both prices are also in the area of .618 of the decline from wave E.

Good Luck.

EU possible turning point.

possible turning point and my long term view.

Originally Posted by Luxuriant

Yen pairs look higher. Except USD/JPY Dollar searching for a bottom. Not a full 5 waves down yet from triangle. But USD approaching a bottom. GBP still well bid.

GBP/JPY Strong support from rising trend line. Make stop easy placement. Look for small pull back on trend line. Possible target 127.50 Just below .618 from 133.50 high back in March 2012. I trade this pair
Peace

I think we will peaking soon. Looking for a 3 wave set back

i'm betting that it's terminal, which is or about to complete;
from here price should travel right to the start of the terminal and appears that 61.8 of the whole up-move is sitting there as well;



i tend to think that aud gonna be weaker than eur, cause the up-move in euraud does look like an impulse, and we might be in wave 4 (triangle, c=0.766 of a) right now, so if it brakes north, wave 5 probably will break szaman's ending diagonal's upper trend and only then close the gap at .2180

let's see how it turns out

Originally Posted by Vitalij

i'm betting that it's terminal, which is or about to complete;.....

I gave a "Like" 'cause it's pretty much what I was thinking and just went short. Give it a couple of days to play out and roll over. If it hasn't rolled by 9/18 then it's back to the Etch-a-Sketch.

Possible triangle breakout in wave 4 of iii of III....

EUR/USD 1.3130/50 should cap the up move for now....

@ Jimbo - we have the same idea

big big "like" for your minds

Anyone has a count for SPX500?

Top in place at 1,474.9?

Here is the way I see it. I have a target of 1482. It has probably topped but, I doubt it because if this is a diagonal, the price typically trades to 62% or more of wave 3.

Good Luck.

Hi traders.

here is my latest video for EURUSD, AUDUSD and Oil. looks like some longs will be interesting next week. I am also observing some of the jpy crosses for risk-on set-ups as USDJPY shows evidences of a low.

http://youtu.be/srK3ipWTfxI

Grega

Here is my weekend analysis of the Gbp$. I think a top is either in or very near. In contrast to past posts, I have counted the correction as a w-x-y correction. In this count wave W is 510p. Wave Y when measured from X is 522p and wave Z is about 8p shorter than wave W at 502p. However, wave Z when counted as an a-b-c subdivides into 2 equal waves of 280p.

I am hesitant to call a top based on time because the short-term waves are of different time lengths. As a result, Y-Z time extends to September 21. However, on my intermediate time analysis time is up on 9/16. Therefore, I look for a clear signal this week. There are also some unfavorable astrological events this week including saturn/moon conjunction(short-term) and the equinox will also come into play this week.

Good Luck.

buying at 1680

Lightning Round!

How are you positioned? Don't be shy, tell us the currency pair or asset that you are either long, short or the level you are waiting for.

I am looking to go long EUR/USD in few hours

No need for a chart (unless you want to upload a chart) - you can even post a non FXCM/DailyFX chart!

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