Thread: Elliott Wave Trading Discussion

Possible USDJPY count ...

Possible USDCHF count ...

Keep yours eyes peeled on EURCAD... I smell Free Money... LOL

Originally Posted by brad_1199

Thinking about taking my long positions off real soon if this decline wants to accelerate... It looks like there is enough momentum there to take it down further....

Brad, Good Morning

Being long any japanese crosses in the current circumastances, and I am talking about the bigger stock market scenario, with the stock market showing anticipated weakness and a potential large drop, is not a good idea.
Sorry about your loss, but you might be better off to close any long japanese cross positions, pretty much regardless, if it is USDJPY, GBPJPY, AUDJPY or any other.

Mike

Originally Posted by Big Mike

Brad, Good Morning

Being long any japanese crosses in the current circumastances, and I am talking about the bigger stock market scenario, with the stock market showing anticipated weakness and a potential large drop, is not a good idea.
Sorry about your loss, but you might be better off to close any long japanese cross positions, pretty much regardless, if it is USDJPY, GBPJPY, AUDJPY or any other.

Mike

There were no losses ... I got long early.. And closed out last night well into profit territory.. There were only profits

Look at the EURUSD rally from 1.5283 on a 15 min chart, it is in 5 waves, and is probably wave a of a correction. Support is in the 1.5340/80 zone for those short term traders that want to trade long up to 1.5474/1.55 or so...but then I'm looking to sell again

Thanks Jamie;

I agree that the move up looks to be corrective. But, I keep coming back the the move from the wave 3 high on the daily chart to the 5283 low being an irregular flat correction. If I am correct the likely targets are 1.382 (5206) and 1.618 (5069) of "A" which according to Neely are not likely to be met.

I am also counting the low 5283 as nearing the terminus of wave 4 of 3 which, I think should be enough for a wave 4 of 5 low.

Would you please provide your insight? Thanks again.

Good Luck.

Originally Posted by Jamie Saettele

Look at the EURUSD rally from 1.5283 on a 15 min chart, it is in 5 waves, and is probably wave a of a correction. Support is in the 1.5340/80 zone for those short term traders that want to trade long up to 1.5474/1.55 or so...but then I'm looking to sell again

As a contrary view:

Originally Posted by aerocom

Thanks Jamie;

I agree that the move up looks to be corrective. But, I keep coming back the the move from the wave 3 high on the daily chart to the 5283 low being an irregular flat correction. If I am correct the likely targets are 1.382 (5206) and 1.618 (5069) of "A" which according to Neely are not likely to be met.

I am also counting the low 5283 as nearing the terminus of wave 4 of 3 which, I think should be enough for a wave 4 of 5 low.

Would you please provide your insight? Thanks again.

Good Luck.

here is my chart...bottom line: bearish below 1.5594..first target at 1.5050

Hey how 'bout a shout out to AT! Wassup AT? Where you at? Just saying hi. How 'bout posting your latest counts on: DJIA, CHF, EUR, JPY, GC. Miss your work and comments. Regards, Diver :-)

Anyone have a current count on GBPUSD? 15-30 minute timeframe.

Good day all,

It looks like a short term long position in the eur/chf. I'm not one for bucking the trend but it does not want to go below my iii . Please tell me if you have a different/ better count, I'm sure I missed something. A really tight stop is in order

Gordon

I was able to get some charts from someone who has it. I did not have any counts from it on the AUDUSD during the time I was closly watching that pair.

Since then, I have managed to get the end of day version myself and yesterday began the tedious process of converting some intraday data and getting AGET to read it. Basically, with 30 minute data, it thinks each 30 minute bar is a new day. Doesn't affect the counts or anything but it makes the "time clusters" function difficult to use and I have to manually update it, so it is not "streaming".

I'll post some daily counts when I get time this weekend.

Just like Market says, 10 different Elliotticians will see 10 different counts and I am sure any software is the same way. I do like very much the way trade setups are done in AGET and was happy with what I saw today.

Originally Posted by rob4x

so texas pip whats up with the GET from what i see it kind of called the move in the EUR/USD ,but it cant call the move in the AUD/USD? Did someone give you a little taste of what the GET can do? because id like to know how good the GET is I have heard it is good and with a new baby here and work picking up for me Im just a little tired of counting waves and drawing lines. lolol so fill us in and im sure market would like to hear also. lol

Originally Posted by FlaGordon

Good day all,

It looks like a short term long position in the eur/chf. I'm not one for bucking the trend but it does not want to go below my iii . Please tell me if you have a different/ better count, I'm sure I missed something. A really tight stop is in order

Gordon

I closed my short EURCHF position for now, as per my chart, below.
Will wait for the end of the correction. The correction that I labeled a-b-c seems little shallow, I will expect another zig zag up before the trend down resumes.
Mike

It looks like an interesting setup in AUDUSD, see the chart.
Since yesterday we traced nice 5 waves down, followed by a W-X-Y correction to 61.8% fib.
Now we are starting a descent into wave 3, by the looks of it.
All on board!
Mike