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发表于 2009-4-12 12:43
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Mar 6, 2009 9:30am
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The current spike up on Eurusd is just a mere markets reverse reaction on the worse than expected Non-Farm data. I still see wave 5 heading downwards from here....we are probably hitting the high or maybe going up higher before heading down for wave 5. There is still room for wave 4 to go up...but very limited.
Attached Thumbnails
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 Collecting pips
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#1503
 Mar 6, 2009 1:55pm
| | Wave count violation
Quote:
Originally Posted by Suj_cess 
The current spike up on Eurusd is just a mere markets reverse reaction on the worse than expected Non-Farm data. I still see wave 5 heading downwards from here....we are probably hitting the high or maybe going up higher before heading down for wave 5. There is still room for wave 4 to go up...but very limited.
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Unfortunately your count as you have presented it, is invalid. Wave 4 has substantially violated the price territory of Wave 1.
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#1504
Mar 6, 2009 3:52pm
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Quote:
Originally Posted by pipeye
Unfortunately your count as you have presented it, is invalid. Wave 4 has substantially violated the price territory of Wave 1.
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Can you better represent wave 4 then? I thought its pretty obvious that wave 4, up till now, is still the highest point and not exceeding a 100% retracement of wave 3 and now already heading down for wave 5.
Please show me your chart...i hope im not wrong.
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Collecting pips
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#1505
Mar 6, 2009 6:56pm
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Quote:
Originally Posted by Suj_cess
Can you better represent wave 4 then? I thought its pretty obvious that wave 4, up till now, is still the highest point and not exceeding a 100% retracement of wave 3 and now already heading down for wave 5.
Please show me your chart...i hope im not wrong.
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looks @ the daily chart.
wouldn't count as impulse wave down from here.
got lost counting this down move, but the down move from 1.47 can be considered as B wave?
any thought?
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#1506
Mar 6, 2009 7:10pm
| | Elliott Wave Principle
Quote:
Originally Posted by Suj_cess
Can you better represent wave 4 then? I thought its pretty obvious that wave 4, up till now, is still the highest point and not exceeding a 100% retracement of wave 3 and now already heading down for wave 5.
Please show me your chart...i hope im not wrong.
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The two most important rules in Elliott Wave Theory are these (both taken from "Elliott Wave Principle" by Frost and Prechter):
Page 41: "The single most important rule that can be gleaned from a study of the various corrective patterns is that corrections are never fives"
Page 31: "In an impulse, wave 4 does not enter the territory of (i.e. overlap) wave 1."......"Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1,3 and 5).
The only time that wave 4 can enter the price territory of wave 1 is in either a Leading or Ending diagonal. So, if what you depicted on your chart is either one of those, then your count could still be valid, but you haven't depicted it as such.
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#1507
Mar 6, 2009 7:19pm
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Quote:
Originally Posted by pipeye
The two most important rules in Elliott Wave Theory are these (both taken from "Elliott Wave Principle" by Frost and Prechter):
Page 41: "The single most important rule that can be gleaned from a study of the various corrective patterns is that corrections are never fives"
Page 31: "In an impulse, wave 4 does not enter the territory of (i.e. overlap) wave 1."......"Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three...
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 spot on. 
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#1508
Mar 7, 2009 12:06am
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Quote:
Originally Posted by Blue bottle
wow your 1st post here, welcome!!
Keep posting.
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Hi all,Hello(-_-)Blue blottle ,I very much enjoy the Elliott wave theory also enjoy this thread !!
Sorry, my English is very bad, hope and communicate U.S. study!
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#1509
Mar 7, 2009 12:25am
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Quote:
Originally Posted by Suj_cess
The current spike up on Eurusd is just a mere markets reverse reaction on the worse than expected Non-Farm data. I still see wave 5 heading downwards from here....we are probably hitting the high or maybe going up higher before heading down for wave 5. There is still room for wave 4 to go up...but very limited.
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I guess you make your own rules for Elliot waves. I have this to tell you if you DONT KNOW Elliot Waves then shut up & stop LYING TO PEOPLE. For your info go BACK TO SCHOOL WAVE 4 CANNOT I REPEAT CANNOT GO INTO WAVE 1 & AS YOU CAN CLEARY SEE IT HAS RETRACED PAST THE BOTTOM OF WAVE 1
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#1510
Mar 7, 2009 1:30am
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My eu_１H Chart& uchf_4H Chart
Attached Thumbnails 
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