Jan 1, 2009 8:57pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable additional charts
Note Horizontal Yellow line to check Possible overlapping of wave 4s with wave 1s
Yellow Horizontal line along w34 if breached from where price is now if it continues to climb will invalidate the current count
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=187304&stc=1&thumb=1&d=1230861407 http://www.forexfactory.com/attachment.php?attachmentid=187305&stc=1&thumb=1&d=1230861407 http://www.forexfactory.com/attachment.php?attachmentid=187306&stc=1&thumb=1&d=1230861426 http://www.forexfactory.com/attachment.php?attachmentid=187307&stc=1&thumb=1&d=1230861426
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2325
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 1, 2009 10:37pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Possibility for the Long Term
Cable Potential for waves 3 and 4 on the Monthly Chart
Additional Projection for w53 or 353
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=187329&stc=1&thumb=1&d=1230866604 http://www.forexfactory.com/attachment.php?attachmentid=187334&stc=1&thumb=1&d=1230868218
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 1, 2009 10:52pm
Jan 1, 2009 11:02pm
Rocroy
Senior Member
Member Since Jun 2007
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Yep, agree with you http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
R
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Cable Potential for waves 3 and 4 on the Monthly Chart Additional Projection for w53 or 353
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
http://www.forexfactory.com/attachment.php?attachmentid=187339&thumb=1&d=1230868941
http://www.forexfactory.com/images/buttons/quote.gif #2327
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 1, 2009 11:52pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Hi.
We still have differences here as I am assuming that price will continue to go lower towards 1.2402 to end 3 Aqua
And to be followed by a retracement towards 4 Aqua to the 1.7170 level.
Your count on the otherhand illustrate that from where price closed for 2008, you now see price rising towards the 1.7100 level. You may be right and my count can still be invalidated.
Like I mentioned in the earlier post here, I would consider my count to be invalid if price goes higher than 1.4698
Thank you for posting your count here.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Quote:
Originally Posted by Rocroy http://www.forexfactory.com/images/buttons/viewpost.gif
Yep, agree with you http://www.forexfactory.com/images/smilies/yim/thumbsup.gif
R
Attachment 187339
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2328
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 2, 2009 12:16am
Rocroy
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Yes, you are right, I was a bit hasty while reading your post. Anyway, I believe we are at an interesting resistance level now and the price action shows some signs of slowing down movement. Here's also my 4h chart.
Let's see what happens. http://www.forexfactory.com/images/smilies/yim/happy.gif
R
Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Hi.
We still have differences here as I am assuming that price will continue to go lower towards 1.2402 to end 3 Aqua
And to be followed by a retracement towards 4 Aqua...
http://www.forexfactory.com/attachment.php?attachmentid=187347&thumb=1&d=1230873265
http://www.forexfactory.com/images/buttons/quote.gif
#2329
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 4:38pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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SOMETHING you might be able to use like I do in watching the waves.
LIKE I have mentioned before, my price analysis uses EW as its backbone and this is enhanced and validated thru multiple strategies to check for common targets of support and resistance levels or ranges.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=188160&stc=1&thumb=1&d=1231191276 http://www.forexfactory.com/attachment.php?attachmentid=188161&stc=1&thumb=1&d=1231191276 http://www.forexfactory.com/attachment.php?attachmentid=188162&stc=1&thumb=1&d=1231191298 http://www.forexfactory.com/attachment.php?attachmentid=188163&stc=1&thumb=1&d=1231191298
http://www.forexfactory.com/attachment.php?attachmentid=188164&stc=1&thumb=1&d=1231191325 http://www.forexfactory.com/attachment.php?attachmentid=188165&stc=1&thumb=1&d=1231191325 http://www.forexfactory.com/attachment.php?attachmentid=188166&stc=1&thumb=1&d=1231191343
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jan 5, 2009 4:48pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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PITCHFORK construction and TARGET setting.
NOTE that although PITCHFORKS may be used to trade by itself, I find it helpful in my PRICE analysis with EW.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=188169&stc=1&thumb=1&d=1231192114
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2331
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 5:22pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif other tools
additional visual tools
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=188177&stc=1&thumb=1&d=1231194139 http://www.forexfactory.com/attachment.php?attachmentid=188178&stc=1&thumb=1&d=1231194139
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2332
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 5, 2009 5:27pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Hi.
........Like I mentioned in the earlier post here, I would consider my count to be invalid if price goes higher than 1.4698
Thank you for posting your count here.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
COUNT was invalidated. BUT you can take advantage of other tools to make profits.
PRICE consolidation was evident on the 1 hr chart so a counter trade at 1.4510 and 1.4589 for me were inorder to hedge my prior position.
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2333
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 14, 2009 10:24pm
http://www.forexfactory.com/nfs/avatar84770_2.gifsurFXwave
Member
Member Since Nov 2008
11 Posts
http://www.forexfactory.com/images/icons/icon1.gif CABLE ELLIOT WAVE Pobabilities
Just sharing my analysis for comment..
Disclaimaer : it's not a trade call..just for reference
http://i438.photobucket.com/albums/qq106/fxgzali/gu090115b-1.jpg
http://i438.photobucket.com/albums/qq106/fxgzali/gu090115a-1.jpg
__________________
Avoid drawn, Don't surf agains the wave, Successfull Surfer always Surf with the wave, lets "SURF with Forex WAVE" Together
Last edited by surFXwave, Jan 14, 2009 10:49pm
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#2334
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 17, 2009 6:58am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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here is an alternative to your ending diagonal 5 of wave 3.
I am looking at a possible Expanding triangle for the wave 4 of wave 3.
yellow 12345 seem fine as sub waves of higher degree wave 3. the following candlesticks are fitting into an expanded triangle quite well.
Nothing is really definite.
last daily CS has a long upper wick. however it is still green.
so we have 3 possible scenarios here.
1. which as proposed by surFXwave. am I correct to note that there are 2 possible scenarios on your chart?
2. because on my daily chart, there are 2 possible scenarios too. one deals with the possible ending diagonal wave 5 which I am not too inclined while the other one is a possible scenario for an expanding triangle as you can see the orange trendlines traced out.
If price falls off the lower orange trendline, then likely ..... the price is in a wave 3 of a wave 3 of wave 5.
But if the price finds support at the lower orange trendline, and breaks the blue trend line, then it is very likely we have an expanding triangle specially if the upper orange trendline is preserved.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=192814&stc=1&thumb=1&d=1232193468
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 8, 2009 6:58am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Potential Scenarios for GBPUSD
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202430&stc=1&thumb=1&d=1234094253 http://www.forexfactory.com/attachment.php?attachmentid=202431&stc=1&thumb=1&d=1234094253 http://www.forexfactory.com/attachment.php?attachmentid=202432&stc=1&thumb=1&d=1234094271 http://www.forexfactory.com/attachment.php?attachmentid=202433&stc=1&thumb=1&d=1234094271
http://www.forexfactory.com/attachment.php?attachmentid=202434&stc=1&thumb=1&d=1234094289 http://www.forexfactory.com/attachment.php?attachmentid=202435&stc=1&thumb=1&d=1234094289 http://www.forexfactory.com/attachment.php?attachmentid=202436&stc=1&thumb=1&d=1234094304
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2340
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 9, 2009 1:18pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD Update
GBPUSD Chart Update
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202962&stc=1&thumb=1&d=1234203467 http://www.forexfactory.com/attachment.php?attachmentid=202963&stc=1&thumb=1&d=1234203484
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 9, 2009 1:59pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Additional GBPUSD Charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=202988&stc=1&thumb=1&d=1234205974 http://www.forexfactory.com/attachment.php?attachmentid=202989&stc=1&thumb=1&d=1234205974
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2342
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 10, 2009 10:43am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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5min Chart AP Target was exceeded
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=203513&stc=1&thumb=1&d=1234280604
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif
#2343
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 11, 2009 8:59am
sherif dabes
Member
Member Since Feb 2009
2 Posts
http://www.forexfactory.com/images/icons/icon1.gif Gold
Hi All
My Gold account
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=204023&stc=1&thumb=1&d=1234360768
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#2344
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 11:48am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Potential Scenarios for GBPUSD
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211627&stc=1&thumb=1&d=1235839542 http://www.forexfactory.com/attachment.php?attachmentid=211628&stc=1&thumb=1&d=1235839542 http://www.forexfactory.com/attachment.php?attachmentid=211629&stc=1&thumb=1&d=1235839616 http://www.forexfactory.com/attachment.php?attachmentid=211630&stc=1&thumb=1&d=1235839616
http://www.forexfactory.com/attachment.php?attachmentid=211631&stc=1&thumb=1&d=1235839632
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Feb 28, 2009 11:49am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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additional scenarios
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211634&stc=1&thumb=1&d=1235839754 http://www.forexfactory.com/attachment.php?attachmentid=211635&stc=1&thumb=1&d=1235839754 http://www.forexfactory.com/attachment.php?attachmentid=211636&stc=1&thumb=1&d=1235839776 http://www.forexfactory.com/attachment.php?attachmentid=211637&stc=1&thumb=1&d=1235839776
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2346
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 6:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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.....
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211692&stc=1&thumb=1&d=1235863974 http://www.forexfactory.com/attachment.php?attachmentid=211693&stc=1&thumb=1&d=1235863974
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2347
http://www.forexfactory.com/images/statusicon/post_old.gif Feb 28, 2009 8:46pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Wave 4 Purple Alternative Scenario where wave 4 makes a Zigzag Corrective wave in a Channel.
That is if price does not breakout to the downside of that upward blue channel.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=211724&stc=1&thumb=1&d=1235872056
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 1, 2009 9:29am
http://www.forexfactory.com/nfs/avatar92822_1.gifderek
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el grande, good variant
daily GBPUSD
http://fx-trade.ucoz.ru/wave/gd.gif
Mar 10, 2009 3:49am
Moiz
Member
Member Since Mar 2009
10 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Hello EG, sir
Is it possible that we are getting a double zigzag in the C wave of the X wave, as marked in the attachment. I will be extremely grateful if you please point out any errors in this attachment. This seems to be the only way I can understand the application of this project.
M
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216092&stc=1&thumb=1&d=1236671356
http://www.forexfactory.com/images/buttons/quote.gif #2357
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 4:03am
Rocroy
Senior Member
Member Since Jun 2007
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I did not check all the details on your chart, but I agree, a double zz on my chart too. Well done. Quite difficult corrections going on now with euro and cable.
My estimate for the turning point (end of wave W) is 1.347.
R
Quote:
Originally Posted by Moiz http://www.forexfactory.com/images/buttons/viewpost.gif
Hello EG, sir
Is it possible that we are getting a double zigzag in the C wave of the X wave, as marked in the attachment. I will be extremely grateful if you please point out any errors in this attachment. This seems to be the only way I can understand the application of this project.
M
http://www.forexfactory.com/images/buttons/quote.gif
#2358
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 6:01am
Moiz
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Member Since Mar 2009
10 Posts
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Thank you. That is encouraging for me. I am just a beginner in EW and would really love to learn it as much as i can.
Yes. If we go by the 1:1 rule of the three waves it does come to about 1.347. However, the possibility of getting an overall flat or an extended flat formation in the WXY cannot be ruled out just yet. If that transpires, we may even see a lower low than 1.35. I am just trying to see the various alternatives for now.
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#2359
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 5:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable Outlook
5 waves down of 4Bc for Cable on hourly chart near Completion?
Series of charts shows previous projections and how price unfolded.
These are now followed with various ways of projecting potential end of wave c of this b wave in a flat wave 4.
Moiz and Rocroy, You may be referring to the move from 1.4986 down to where price is heading to now as the double zigzag.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216537&stc=1&thumb=1&d=1236719334 http://www.forexfactory.com/attachment.php?attachmentid=216538&stc=1&thumb=1&d=1236719334 http://www.forexfactory.com/attachment.php?attachmentid=216539&stc=1&thumb=1&d=1236719356 http://www.forexfactory.com/attachment.php?attachmentid=216540&stc=1&thumb=1&d=1236719356
http://www.forexfactory.com/attachment.php?attachmentid=216541&stc=1&thumb=1&d=1236719383 http://www.forexfactory.com/attachment.php?attachmentid=216542&stc=1&thumb=1&d=1236719383
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 10, 2009 5:13pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Closer view.....
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216544&stc=1&thumb=1&d=1236719540 http://www.forexfactory.com/attachment.php?attachmentid=216545&stc=1&thumb=1&d=1236719540 http://www.forexfactory.com/attachment.php?attachmentid=216546&stc=1&thumb=1&d=1236719579 http://www.forexfactory.com/attachment.php?attachmentid=216547&stc=1&thumb=1&d=1236719579
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2361
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 10, 2009 5:33pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Quote:
Originally Posted by Moiz http://www.forexfactory.com/images/buttons/viewpost.gif
Thank you. That is encouraging for me. I am just a beginner in EW and would really love to learn it as much as i can.
Yes. If we go by the 1:1 rule of the three waves it does come to about 1.347. However, the possibility of getting an overall flat or an extended flat formation in the WXY cannot be ruled out just yet. If that transpires, we may even see a lower low than 1.35. I am just trying to see the various alternatives for now.
Moiz...
You are on the right track. Rocroy, thanks for covering for me.
As you can see on the series of charts that have just been posted, which were initially drawn from last week, the potential for the double zigzag , the flat and the extended flat limits were set.
The double zigzag for the b wave from 1.4986 was supposed to end at 1.3770 which is the 1st blue horizontal line on the chart below. This is considering Price and Time.
But as it turned out, this was exceeded as price went lower. Here, the premse was c = a. since this has been exceeded we now move to c = 1.618 ( a ). Just as a guideline.
Moving up a scale or degree, we then see that this supposed wave 4 has finished wave A and is developing the supposed doublw zigzag wave B.
W now look at this as wave B retraceing wave A.
> 61.8% then this could be a FLAT
> 100% up to 132.8% then it is an extended flat.
the arrow below that 132.8% level indicates that the supposition that this was a potential extended flat wave 4 was wrong and that price will continue to go down.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216556&stc=1&thumb=1&d=1236720819 http://www.forexfactory.com/attachment.php?attachmentid=216558&stc=1&thumb=1&d=1236720980
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 11, 2009 6:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Potential for Cable if this does move up for our wave C of Bigger wave 4:
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216874&stc=1&thumb=1&d=1236767407
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2368
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 11, 2009 6:44am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Levels that coincide:
Based on Price retracement this potential wave 4 seems to be a FLAT as it has retraced more than 61.8% of wave A.
If wave B is finished, then Projection levels for wave C would be as follows:
1.
C = A
C = A (1.618)
C = A (0.618)
2. Wave 4 as retracement of wave 3 from Wave 2
31.8% Wave 3
50.0% Wave 3
61.8% Wave 3
3. Based on retracement value of wave 2 from wave 1
Since wave 2 retraced wave 1 by 61.8%
Wave 4 then would potentially retrace wave 3 by 38.2%
4. Usually wave 4 develops inside a channel. that is why I drew those 2 channels on my chart.
Having these guidelines, I would say that Potentially wave C would be 1.618% of wave A and this coincides with the 31.8% retracement of Wave 3.
Happy Harvest Everyone
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=216883&stc=1&thumb=1&d=1236768237
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 12, 2009 2:42pm
pipeye
Member
Member Since Dec 2007
149 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Yes. Technically, I would understand what you mean and what you are referring to http://www.forexfactory.com/images/smilies/yim/happy.gif
Many would not.....http://www.forexfactory.com/images/smilies/yim/happy.gif)
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
In chart form, this is what I am seeing. Looking for a retrace to the 38.2, if it gets there?
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=217804&stc=1&thumb=1&d=1236883344
Mar 15, 2009 5:26am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Radical Cable View
There seems to be more room going down for Cable.
The 1 hour chart would indicate that a wave 4 of wave 3 down seems to have finished and the wave 5 down will or has started.
This you will notice is a radical change ( at least that is how I see it ) from my previous wave counts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218733&stc=1&thumb=1&d=1237109163 http://www.forexfactory.com/attachment.php?attachmentid=218737&stc=1&thumb=1&d=1237111760 http://www.forexfactory.com/attachment.php?attachmentid=218738&stc=1&thumb=1&d=1237111760 http://www.forexfactory.com/attachment.php?attachmentid=218739&stc=1&thumb=1&d=1237111781
http://www.forexfactory.com/attachment.php?attachmentid=218740&stc=1&thumb=1&d=1237111781
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 15, 2009 6:09am
Mar 15, 2009 6:13am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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modified 1hr chart
plus other idea.
It is very possible with this current count that wave 4 seems to lack a wave 5 up before it comes down for the wave 5 of a bigger wave 3 down.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218741&stc=1&thumb=1&d=1237111989 http://www.forexfactory.com/attachment.php?attachmentid=218743&stc=1&thumb=1&d=1237113476
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 15, 2009 6:38am
http://www.forexfactory.com/images/buttons/quote.gif #2407
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 7:45am
adexadams
Member
Member Since Aug 2007
6 Posts
http://www.forexfactory.com/images/icons/icon1.gif real wave count on gu,eu,u/chf
that is simple wave count on 1h chart g/u and u/chf update is comming out soon.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218755&stc=1&thumb=1&d=1237116634 http://www.forexfactory.com/attachment.php?attachmentid=218761&stc=1&thumb=1&d=1237117303
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#2408
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 8:16am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Quote:
Originally Posted by adexadams http://www.forexfactory.com/images/buttons/viewpost.gif
that is simple wave count on 1h chart g/u and u/chf update is comming out soon.
Is it Hanah or is it Ramon?
Anyway, Glad to see an alternative count on this thread.
By the way, How REAL is REAL?
It only becomes REAL when it matches the FACT. That means the wave count is proven correct by your chart and by the market.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2409
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 12:22pm
adexadams
Member
Member Since Aug 2007
6 Posts
http://www.forexfactory.com/images/icons/icon1.gif gu wave count on 4h tf
let use check this out wave count on 4h time frame
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218834&stc=1&thumb=1&d=1237134035
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#2410
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 15, 2009 2:29pm
http://www.forexfactory.com/nfs/avatar54182_2.gifBlue bottle
Senior Member
Member Since Nov 2007
http://www.forexfactory.com/images/misc/3kt.gif594 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Radical Cable View
There seems to be more room going down for Cable.
The 1 hour chart would indicate that a wave 4 of wave 3 down seems to have finished and the wave 5 down will or has started.
This you will notice is a radical change ( at least that is how I see it ) from my previous wave counts.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Hi EG,
Hope you don't mind i posting my cable chart here.
My count is slightly different from yours. Pls comment.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=218876&stc=1&thumb=1&d=1237141763
__________________
Elliott Wave Analysis - http://5waves.blogspot.com
Mar 16, 2009 12:06pm
Moiz
Member
Member Since Mar 2009
10 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Attached is the 30 minute on gbp/usd. If the marking is correct, we should expect the 5th of the third coming up soon. EG sir, your comments would help me learn.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=219289&stc=1&thumb=1&d=1237219554
Mar 18, 2009 8:41am
pipeye
Member
Member Since Dec 2007
149 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable
Here is my current view of Cable. -- Wave 2 could also be complete at 1.3841(61.8% fib) --
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=220212&stc=1&thumb=1&d=1237380092
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#2433
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 23, 2009 1:48am
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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Euro n Sterling
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=222253&stc=1&thumb=1&d=1237787319 http://www.forexfactory.com/attachment.php?attachmentid=222254&stc=1&thumb=1&d=1237787319
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2434
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:38pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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deferring the Radical wave count on Cable and going back to former count.
Below are the potential scenarios to watch out for.
Note that fib retracement tool and fib extention tools were used inconjunction with the EW Guidelines.
Each chart in a separate post to separate the different timeframe charts for possible addition of comments later.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Looking at the Daily Chart TF, we can see that proposed B wave of 4 has retraced wave 4A by more than 76.4%. So this is more than the 61.8% limit for a Zigzag correction.
This brings as to assume for the moment that if this is a wave 4, then the correction is probably a corrective FLAT or a possible triangle or a complex corrective wave. wave 2 was a running FLAT so by guideline of alternation. this should be a zigzag , a triangle or a complex correction.
by the looks of the development that we have on this pair now.it would seem that we have to cancel the zigzag scenario "for the meantime" as the current structure eliminates that potential.
So I will treat this still as a possible FLAT but for now it will be considered as a FLAT wave "a" in a wave 4.
Which brings me to further assume that this correction will be expanding sideways and will take a longer period of time to finish.
You will see that with the use of the fib extention tool, possible target for C is @ FE 100.0 Magenta on the right side of the chart.
Your potential levels are
FE 61.8
FE 100.0
FE 161.8
Then refer to the retracement of wave 2. See the Dark orange retracement tool.
Wave 4 usually retraces wave 3 by 38.2% up to 61.8%
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224328&stc=1&thumb=1&d=1238107084
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 26, 2009 7:04pm
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#2435
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:39pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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4hour
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224329&stc=1&thumb=1&d=1238107156
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2436
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:40pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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1hr
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224330&stc=1&thumb=1&d=1238107212
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 26, 2009 6:42pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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30min
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224331&stc=1&thumb=1&d=1238107318
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2438
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:43pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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15min
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224333&stc=1&thumb=1&d=1238107393
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2439
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 6:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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5min
Careful with that limit at around 1.4475 range as that overlaps with wave 1 which could invalidate the wave count on this time frame. or even the ones pn the higher timeframe
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224334&stc=1&thumb=1&d=1238107502
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 26, 2009 7:16pm
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#2440
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 8:32pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
5min
Careful with that limit at around 1.4475 range as that overlaps with wave 1 which could invalidate the wave count on this time frame. or even the ones pn the higher timeframe
Past the 61.8% retrace for wave iv and has overlap with wave i.
This Trade is at high risk status now.
wave v may have been truncated.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224360&stc=1&thumb=1&d=1238114187
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2441
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 26, 2009 9:32pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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SHORT SLs at 1.4475-85 were all captured.
Daily Stochastics has turned back into the trading Zone from being Overbought
4hr though is still at oversold level. it may stay there for the meantime as price is in a C or 3 wave down.
Now that the daily stoch is back into the trading zone, would this not signal a much bigger scale of down movement for this pair?
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2442
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 27, 2009 6:28am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Past the 61.8% retrace for wave iv and has overlap with wave i.
This Trade is at high risk status now.
wave v may have been truncated.
This did not develop as I initially expected as a motive wave.
The overlapping of waves seemed to have developed into an ending diagonal triangle with a throw under after price breached thru the weekly pivot.
Happy trading everyone.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=224571&stc=1&thumb=1&d=1238149655 http://www.forexfactory.com/attachment.php?attachmentid=224572&stc=1&thumb=1&d=1238149655 http://www.forexfactory.com/attachment.php?attachmentid=224573&stc=1&thumb=1&d=1238149681 http://www.forexfactory.com/attachment.php?attachmentid=224574&stc=1&thumb=1&d=1238149681
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 28, 2009 4:56pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_Monthly
Charts are posted to provide potential ideas of price direction. Validate with other strategies to increase chances of trading in the high probability direction.
Happy Harvest to All
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Former count (forecast) as posted before in early March. But with some modifications.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225144&stc=1&thumb=1&d=1238273722 http://www.forexfactory.com/attachment.php?attachmentid=225145&stc=1&thumb=1&d=1238273722 http://www.forexfactory.com/attachment.php?attachmentid=225146&stc=1&thumb=1&d=1238273742 http://www.forexfactory.com/attachment.php?attachmentid=225147&stc=1&thumb=1&d=1238273742
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2444
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2009 4:58pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_Weekly
Weekly
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225148&stc=1&thumb=1&d=1238273871 http://www.forexfactory.com/attachment.php?attachmentid=225149&stc=1&thumb=1&d=1238273871 http://www.forexfactory.com/attachment.php?attachmentid=225150&stc=1&thumb=1&d=1238273899
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2445
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2009 5:00pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_Daily
Daily
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225151&stc=1&thumb=1&d=1238273987 http://www.forexfactory.com/attachment.php?attachmentid=225152&stc=1&thumb=1&d=1238273987
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 28, 2009 5:01pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_4hr
Cable_4hr
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225154&stc=1&thumb=1&d=1238274076 http://www.forexfactory.com/attachment.php?attachmentid=225155&stc=1&thumb=1&d=1238274076 http://www.forexfactory.com/attachment.php?attachmentid=225156&stc=1&thumb=1&d=1238274099
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2447
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2009 5:03pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable_1hr
Cable_1hr
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225157&stc=1&thumb=1&d=1238274173 http://www.forexfactory.com/attachment.php?attachmentid=225158&stc=1&thumb=1&d=1238274173
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 30, 2009 3:53am
farawave
Member
Member Since May 2008
2 Posts
http://www.forexfactory.com/images/icons/icon1.gif EURUSD
EURUSD
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225696&stc=1&thumb=1&d=1238399571 http://www.forexfactory.com/attachment.php?attachmentid=225697&stc=1&thumb=1&d=1238399571
http://www.forexfactory.com/images/buttons/quote.gif #2451
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 30, 2009 4:27am
Moiz
Member
Member Since Mar 2009
10 Posts
http://www.forexfactory.com/images/icons/icon1.gif A Possible Alternative Count
Dear EG sir, I am a little scared for posting something absolutely stupid. However, this seems to be the only way to learn. Your comments on whether this count can be considered as a possible alternative count will help me learn.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=225717&stc=1&thumb=1&d=1238401611
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#2452
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 30, 2009 7:50am
http://www.forexfactory.com/nfs/avatar54182_2.gifBlue bottle
Senior Member
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Hi EG,
Can i request your updated Cable chart?
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#2453
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
deferring the Radical wave count on Cable and going back to former count.
Below are the potential scenarios to watch out for.
Note that fib retracement tool and fib extention tools were used inconjunction with the EW Guidelines.
Each chart in a separate post to separate the different timeframe charts for possible addition of comments later.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Looking at the Daily Chart TF,...
Great analysis..
Thanks EG!
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#2454
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Rocroy
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Nothing stupid there. Like you, I also think that wave C is not over yet. Here is an other count alternative.
R
Quote:
Originally Posted by Moiz http://www.forexfactory.com/images/buttons/viewpost.gif
Dear EG sir, I am a little scared for posting something absolutely stupid. However, this seems to be the only way to learn. Your comments on whether this count can be considered as a possible alternative count will help me learn.
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Apr 1, 2009 3:41am
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
what retrace are you referring to and from what level is your trade?
Im waiting for the wave 5 down from this possible wave 4. Or maybe wave 2 down from this possible wave 1.
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http://www.forexfactory.com/images/statusicon/post_old.gif Apr 1, 2009 4:11am
el grande
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1.4355 now.
possibly finding support at around 1.4331 before some more move up still before finally taking a dive.... I think
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2484
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el grande
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currently re adjusting wave counts on the smaller timeframes.
Corrective waves seem to be mostly running corrections where wave c is shorter than a or c.
this is what consumes many of the newbies I think in EWA.
they start believing that corrections are often the c=a or c=a(1.618).
only to find out later that it did not work on their wave counts. this results to frustration and disbelief in the system.
it is therefore important that one spends more time understanding EWTaP and how their chosen pair performs relative to the possible wave count.
but more importantly, one must not stay married to a trade. Get that DIVORCE as soon as possible when your limits are breached... unless you see retracement to the sme level on the higher timeframe.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2485
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Rocroy
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I still kind of like this count.
Quote:
Originally Posted by Suj_cess http://www.forexfactory.com/images/buttons/viewpost.gif
Im waiting for the wave 5 down from this possible wave 4. Or maybe wave 2 down from this possible wave 1.
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Apr 1, 2009 10:29pm
el grande
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http://www.forexfactory.com/images/icons/icon1.gif Weekly and Daily Chart
No topping then for Cable Yet.
The way I see it now is that Cable is really in the wave 3 with the extentions in it. So I would not expect too many deep retracements.
I am attaching charts a series of charts to succeeding posts. I just drew the zigzags on it to insinuate possible wave subdivisions. I tried differentiating wave degrees by using different colors. So I hope someone here will be able to make use of it,
No time for clean labelled charts.
We need to train our eyes to spot 5 waves structures and 3 wave structures.
Internal counts of some corrective waves are not in their normal or standard forms. there were exceptions and rule bendings applied to it based on the original guidelines.
I am using a differnet system which I am still testing if it does help identify wave change even if it does not wholly apply the original guidelines.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=227514&stc=1&thumb=1&d=1238639263 http://www.forexfactory.com/attachment.php?attachmentid=227515&stc=1&thumb=1&d=1238639263 http://www.forexfactory.com/attachment.php?attachmentid=227516&stc=1&thumb=1&d=1238639289 http://www.forexfactory.com/attachment.php?attachmentid=227517&stc=1&thumb=1&d=1238639289
http://www.forexfactory.com/attachment.php?attachmentid=227518&stc=1&thumb=1&d=1238639305
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Apr 1, 2009 10:30pm
el grande
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4hr and 1hr
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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el grande
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30min and 15min
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2511
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el grande
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15min Cable
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2512
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el grande
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5min Cable
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Apr 2, 2009 7:41am
Rocroy
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Wave B came out pretty much as expected.
R
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el grande
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update on the 5min
could be a barrier triangle waiting for Price to Breakout to the UPSIDE
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2515
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el grande
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Scrap possibility of the Barrier triangle.
Price has pierced the Daily downline Resistance Trendline
Let us see if it continues or drops back down below that Resistance trendline.
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2516
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el grande
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My Cable thoughts for today
I hope you all had a GREAT Harvest from Yesterday's Great Wave 3 move.
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2517
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el grande
Latagaw FOREX_ EWA
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some more
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2518
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el grande
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maybe finally....
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2519
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el grande
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ok guys.... let us have your thoughts in here too.
How does one trade a possible ending Diagonal Triangle?
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2520
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el grande
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working on other possibilities...
revising the wave counts on the 5min and 15min chart.
I have isolated the one I have marked with vertical lines in green now.
after further analyzingthat potential ending diagonal triangle..... the is another possible wave count there.
I am not using letters and numbers but...vertical lines...
if you want to nderstand this , you will have to do your own homework . Labelling with numbers and letters takes so much time as i also want them serialized or color coded.
But using vertical lines even if colore coded has helped speed up things for me.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=228150&stc=1&thumb=1&d=1238721003 http://www.forexfactory.com/attachment.php?attachmentid=228151&stc=1&thumb=1&d=1238721003
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS