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  #14161 (permalink)  
Old 07-08-2009, 09:51 AM
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Quote:
Originally Posted by cmellon View Post
Hi P,

Here's an updated one. As you can see, MTD 7 low was due around the red vertical line in the past two cycles. We are now in that position now, so I will be looking for medium term bottom soon.

Higher picture, as I explained before, MTD 6 high (139.2) has to be LTD 2 high as well because there has been three series of higher high from the low of 112 to the high of 139.2. Delta only allows a maximum of 3 series of higher high.

This means that LTD is travelling down.
So even though MTD 7 low is soon to be due and MTD will then travel up, since LTD is travelling down, we shall see a lower low and a lower high. This means MTD 8 high later will be lower than MTD 6 high (lower than 139.2).

You can see in the past two cycles, MTD 8 high arrival is very short. It's only a couple of trading days from the MTD 7 low.
thank you so much
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  #14162 (permalink)  
Old 07-08-2009, 09:55 AM
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Quote:
Originally Posted by Xiao View Post
Hi Cmellon Could You please tell me The Delta Work On Any Market , I mean Delta Also work on Stocks and Commodity Also?.

And Which trading Station You USE for DELTA...

thank you
Hi Xiao,

I think Fazi has answered your question while I am offline. Thanks P.
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  #14163 (permalink)  
Old 07-08-2009, 11:17 AM
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There is an outside chance that the market may hold here and bounce. The -&S is widely publicized so everyone is betting on it. Here is a possible count on the daily chart that I am looking at:

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  #14164 (permalink)  
Old 07-08-2009, 11:19 AM
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Beautiful... USD JPY has just broken below 94.
I still keep my short 97 in early June, LOL
Discuss the USD/JPY with a DailyFX Analyst

MTD 7 low will be due soon for USD JPY.

Quote:
Originally Posted by cmellon View Post
Here is a summary of all other Delta projections so far
It would be interesting to see how many of them is correct

USD JPY: Elliott Wave Trading Discussion

This USD YEN projection is against majority of Elliot Wavers in this forum who project a rally to 102 - 110.

EUR USD: Elliott Wave Trading Discussion

EUR USD projection is against neowave count by Zeev and EW count by Jamie who both project a rally to 1.47

GBP CHF: Elliott Wave Trading Discussion

EUR JPY: Elliott Wave Trading Discussion
Add GBP JPY to the above list and it seems like everything has come out well, and now just waiting for EUR USD projection to reality
Last edited by cmellon; 07-08-2009 at 11:35 AM..
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  #14165 (permalink)  
Old 07-08-2009, 11:35 AM
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I think I will close my USD JPY short now... sayonara.
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  #14166 (permalink)  
Old 07-08-2009, 11:35 AM
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Quote:
Originally Posted by cmellon View Post
Beautiful... USD JPY has just broken below 94.
I still keep my short 97 in early June, LOL
Discuss the USD/JPY with a DailyFX Analyst

MTD 7 low will be due soon for USD JPY.



Add GBP JPY to the above and it seems like everything has come out well, and now just waiting for EUR USD projection to reality
good job cmellon - usdjpy stopped 13 pips short of 61.8 fibo, eurjpy tested 38.2 fibo- buy zone is close
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  #14167 (permalink)  
Old 07-08-2009, 11:37 AM
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Quote:
Originally Posted by cmellon View Post
I think I will close my USD JPY short now... sayonara.
c - repost eurusd count for me please - once again I`m being redirected to some medival ages instead of your chart - thanks

Patryk
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  #14168 (permalink)  
Old 07-08-2009, 11:49 AM
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Quote:
Originally Posted by diver View Post
There is an outside chance that the market may hold here and bounce. The -&S is widely publicized so everyone is betting on it. Here is a possible count on the daily chart that I am looking at:
Yeah, i also see about this - & S setup everywhere ....

As it's said, when everybody see the obvious setup, then it's the obviously wrong setup.

We will see...
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  #14169 (permalink)  
Old 07-08-2009, 12:00 PM
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usd/jpy
hi all,
still have my half short position on usd/jpy,
I see no reason to close it for the moment,
the daily triangle scenario can be forgotten...

H4:
Last edited by benfx; 07-08-2009 at 12:03 PM..
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  #14170 (permalink)  
Old 07-08-2009, 12:03 PM
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Congrats Fazi & Cmellon,
You´re were definetely correct with Yen crosses - that was definetely agressive landing issue !
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  #14171 (permalink)  
Old 07-08-2009, 12:08 PM
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Quote:
Originally Posted by bluebottle View Post
hi,

Usd/Jpy Daily chart..triangle
Quote:
Originally Posted by marketwavez2 View Post
Usd/Yen


------------------------------------ ---------------
Looking a bit oversold ? .........

---------------------------------------------------- ------------

End of Wave # 5


------------------------------------------------------- ----------- --------
Only a Probability ! ................... Not Cast in Stone !
Quote:
Originally Posted by marketwavez2 View Post
Usd/Yen

---------------------------------------- ------------

Long-Term view ------( Daily Bars )

//////////////////////////////////////////////
Maybe this can turn into Wave 2 of C ?

Only Time Will Tell ! ...........
--------------------------------------- ---------------

Nice Chart ,,,,,,,,, Blue Bottle ,,,,,,


///////////////////////////////////////////////
Oh my God,

What happened to usd/jpy guys?
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  #14172 (permalink)  
Old 07-08-2009, 12:13 PM
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We are near ITD 10 low and MTD 7 low now. Awaiting for reversal signal before going long.
Attached Thumbnails
elliott-wave-trading-discussion-usd-jpy-itd-july-8.jpg  

elliott-wave-trading-discussion-usd-jpy-mtd-july-8.jpg  

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  #14173 (permalink)  
Old 07-08-2009, 12:29 PM
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EUR.JPY
The target is hit.
Gain of 800 pips.

Link to the original post

Quote:
Originally Posted by ravno View Post
One could make the following setup for shorts in EUR.JPY...

Edit.
Pictures aren't the everything
So,

Enter 136.
Stop 139,50
Goal 128.
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  #14174 (permalink)  
Old 07-08-2009, 12:29 PM
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Quote:
Originally Posted by cmellon View Post
We are near ITD 10 low and MTD 7 low now. Awaiting for reversal signal before going long.
Cmellon... I'll tell ya bud, you have thoroughly impressed the hell right out of me with your Delta analysis I am deffinately going to look into getting my hands on that stuff... It's an excellent compliment to any traders style....

Keep up the good work You are very much appreciated in here
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  #14175 (permalink)  
Old 07-08-2009, 12:33 PM
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Talking EURUSD
I'm going to have a good laugh when EURUSD caves in to the down side next... I've been calling it for weeks.. And to make things even more interesting, after seeing Neely's call for further upside, I recently emailed a long term chart showing the large triangle I'm looking for directly to Glenn Neely and recieved a prompt reply back stating I was most likely wrong.... Well Well.. Let's just see about that Master Neely! Welcome to Brad's wave 101... LoL

EURUSD Daily Chart ------>

Last edited by brad_1199; 07-08-2009 at 12:40 PM..
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