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07-07-2009, 09:39 PM
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hi,
Usd/Jpy Daily chart..triangle
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07-07-2009, 10:38 PM
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EURCAD
Still holding short EURCAD from a few days ago and looking to move stops to break even... Price action is remaining contained under the down trend line 
Here's the Daily Chart and what I'm looking for...
----->
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07-07-2009, 10:43 PM
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Join Date: May 2008
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testing
OK people, I'm pretty much new to Elliott Wave theory, but I thought this chart of a possible B triangle in USD/CHF is intriguing because of all the 0.786 fib retracements relationships... maybe somebody else in here has published something similar.
USD/CHF update 8 fxaprendiz for everybody
My thing is actually Fibonacci fractals, you can check them out here for my taking in EUR and CHF, which I'm trading for now.
fxaprendiz for everybody
Wishing you Good trades...
Last edited by fxaprendiz; 07-07-2009 at 10:48 PM..
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07-07-2009, 10:55 PM
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Usd/Yen
------------------------------------ ---------------
Looking a bit oversold ? ......... 
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End of Wave # 5
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Only a Probability ! ................... Not Cast in Stone !
Last edited by marketwavez2; 07-07-2009 at 10:59 PM..
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07-07-2009, 11:28 PM
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Quote:
Originally Posted by bluebottle
hi,
Usd/Jpy Daily chart..triangle
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Usd/Yen
---------------------------------------- ------------
Long-Term view ------( Daily Bars )
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Maybe this can turn into Wave 2 of C ?
Only Time Will Tell ! ...........
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Nice Chart ,,,,,,,,, Blue Bottle ,,,,,, 
///////////////////////////////////////////////
Last edited by marketwavez2; 07-07-2009 at 11:31 PM..
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07-07-2009, 11:58 PM
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GBP JPY Delta Update
We are somewhere near ITD 7 low, probably could be due in the next few days. Notice in the past two cycles ITD 7 low was due slightly after the blue vertical line. Currently we are already 1 trading day after the blue vertical line. I am looking for an intermediate trend up to ITD 8 high to add short. That's probably on the third / fourth week of July. I currently have short at 159.8 and will keep it until mid August, currently with stop loss at 160.27. I will move the Stop Loss to 1 pip above ITD 8 high later after I confirm the position of ITD 8.
Last edited by cmellon; 07-08-2009 at 12:02 AM..
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07-08-2009, 12:15 AM
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Oil
Hey Guys,
Here is an update to yesterday's short-term Oil chart. Since last night, price has traced out the expected sideways correction and the wave (5) decline. It is possible that this five-wave decline is almost complete and will then complete the larger flat correction which will lead to oil heading higher over the next several weeks.
The daily chart shows that this recent decline has taken price right into an Elliott Channel, which is typically where wave (4) bottoms out.
Last edited by justy10125; 07-08-2009 at 12:26 AM..
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07-08-2009, 12:36 AM
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hi
HI JUSTY, BIG MIKE, CMELLON, BRAD, MARKET WAVE,ILOVEpip, FAZI,4X,ETC ETC...
Please I just Learn The Elliot Wave a About so I will Try To send The Elliot Wave count... so If I am Wrong Please Help Me For that...
thank you.
plzzzzzzzzzzzzzzzzzzzzz
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07-08-2009, 12:57 AM
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GBPJPY
Quote:
Originally Posted by cmellon
We are somewhere near ITD 7 low, probably could be due in the next few days. Notice in the past two cycles ITD 7 low was due slightly after the blue vertical line. Currently we are already 1 trading day after the blue vertical line. I am looking for an intermediate trend up to ITD 8 high to add short. That's probably on the third / fourth week of July. I currently have short at 159.8 and will keep it until mid August, currently with stop loss at 160.27. I will move the Stop Loss to 1 pip above ITD 8 high later after I confirm the position of ITD 8.
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Cmellon... There's a long term FIB line at 148.15 keep your eyes peeled for a short term reversal coming off that level... I think price has dropped far enough for me to turn medium term bearish this pair and I will look for a short opportunity at the channel re-test point....
Daily Chart --->
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07-08-2009, 01:03 AM
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Quote:
Originally Posted by brad_1199
Cmellon... There's a long term FIB line at 148.15 keep your eyes peeled for a short term reversal coming off that level... I think price has dropped far enough for me to turn medium term bearish this pair and I will look for a short opportunity at the channel re-test point....
Daily Chart --->
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Hi Brad,
Yes, that would be a reasonable target. GBP JPY currently is sitting at two trend line support and also oversold daily stochastic though. So we may see some temporary support. But a firm break below would be pretty bearish for this pair. |
07-08-2009, 02:40 AM
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GBPCHF
Cmellon... I recall you saying GBPCHF was in a up trend until about July7th... The time has come and price looks like its heading lower right now... What do you think of this chart here .... If I remember correctly I think you are looking for a down trend in this pair to last until August some time...
Daily Chart --->
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07-08-2009, 02:47 AM
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not sure whats really going on with the SP, although i am 10 points ahead.. so i am leaving my itching fingers to move the stop to breakeven for now, as price might come back in some kind of a C wave, as demonstrated on the chart.. if it happens in that style, i might add some shorts
Last edited by qsx; 07-08-2009 at 02:52 AM..
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07-08-2009, 03:30 AM
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Quote:
Originally Posted by brad_1199
Cmellon... I recall you saying GBPCHF was in a up trend until about July7th... The time has come and price looks like its heading lower right now... What do you think of this chart here .... If I remember correctly I think you are looking for a down trend in this pair to last until August some time...
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Brad,
Attached is the Delta MTD chart for GBP CHF.
As you can see MTD 2 low in the past two cycles were due on Sept 21 and Sept 5. I circle previous two MTD 2 lows.
But I am not too concerned with the absolute turning date. I am more interested with the relative position of the MTD 2 arrival in the past (relative to the Delta vertical line). If you look at the two previous cycles of MTD 2, they are both located approximately 3/4 to the right of the red vertical line and 1/4 to the left of the blue vertical line.
In the current cycle, 3/4 to the right of the red line and 1/4 to the left of the blue line is approximately around Aug 26 - Sept 2. GBP CHF will be in medium term downtrend until this period.
I could break down the movement between MTD 1 and MTD 2, but it requires me to analyze the lower TF Delta ITD. That will take me quite some time and since I don't trade this pair, we'll stick to the higher TF Delta MTD for now 
Last edited by cmellon; 07-08-2009 at 03:33 AM..
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07-08-2009, 03:51 AM
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Quote:
Originally Posted by fazi
Hey Ravno this impulse looks a lot like C wave - take a look at eurjpy chart - it`s in the same position, only moving south a little faster
edit: but it doesn`t necessarily mean eurusd will go down from here - although I think it should - this zigzag up was probably a retest of a broken rising TL
Patryk
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Yeah, few pips have been lost... I personally tried USD.JPY, because for EUR.USD i'm a longer term bear. Since 26-th of May already... And i can't trade in both directions simultaniously on my platform...
As for EUR.JPY... Right, you made a good observation.
I guess like in the chart below... |
07-08-2009, 04:00 AM
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Quote:
Originally Posted by justy10125
Hey Guys,
Here is an update to yesterday's short-term Oil chart. Since last night, price has traced out the expected sideways correction and the wave (5) decline. It is possible that this five-wave decline is almost complete and will then complete the larger flat correction which will lead to oil heading higher over the next several weeks.
The daily chart shows that this recent decline has taken price right into an Elliott Channel, which is typically where wave (4) bottoms out.
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Hi justy and all, who follows the OIL (also the CAD)...
Here are some alternates.... |
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