Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the Reception category; Originally Posted by JahDave It is still valid, and the next few weeks should see the DOW accelerate to the ...

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Old Jul 6, 2011, 10:42am   #729
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Re: Elliott Wave EUR/USD

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It is still valid, and the next few weeks should see the DOW accelerate to the downside. Also I think the Euro is going to get hammered this week...........BTW, I found out about the T2w trading contest last week and that is a weekly contest........I entered it for the first time last week and won week #7...................I got in 2 days late this week and will see how I do this week, but my only trade this week so far is a short Euro trade because I feel that the Euro is going to crash soon.............I only wish that I would have gone short the EUR_GBP instead of the EUR_USD,,,,,,,,,,,The EUR_GBP was my first pick to crash the hardest, but I missed the wave 1 down here.........I may cash out my EUR_USD position later this week if the EUR_GBP is at a better position for profit................Of course this will be based on Elliott Wave Theory, Fibonacci targets, and Ichimoku clouds..............
Your analysis for the EUR/USD is looking good.
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Old Jul 6, 2011, 12:20pm   #730
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Re: Elliott Wave EUR/USD

Nice journal Dave.

What's the best way to learn about Elliot Wave theory?
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Old Jul 7, 2011, 3:02am   #731
 
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Re: Elliott Wave EUR/USD

JahDave started this thread My advice is to buy the book "Elliott Wave Theory", by Frost and Prechter. I think that this the best book ever written on Elliott Wave Theory. I'm sure you can find a used copy on Amazon cheap.
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Old Jul 7, 2011, 3:45am   #732
 
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Re: Elliott Wave EUR/USD

JahDave started this thread My favored forecast for the Euro is that it is in an extended wave down. The reason for this is that wave 4 has encroached into wave 1 territory. If the extension is taken into consideration then the down count is still valid. The options are that it is still going down more, or that this is a corrective pattern and may go up much more...........I am betting on more down myself.....
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Old Jul 7, 2011, 3:55am   #733
 
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Re: Elliott Wave EUR/USD

JahDave started this thread If the 1.4337 cannot be broken, then this will probably will get very ugly tonight............
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Old Jul 7, 2011, 4:56am   #734
 
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Re: Elliott Wave EUR/USD

JahDave started this thread
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If the 1.4337 cannot be broken, then this will probably will get very ugly tonight............
This level did get broken tonight, but the real trend is still down...................I am short here...................
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Old Jul 7, 2011, 8:53am   #735
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Re: Elliott Wave EUR/USD

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My advice is to buy the book "Elliott Wave Theory", by Frost and Prechter. I think that this the best book ever written on Elliott Wave Theory. I'm sure you can find a used copy on Amazon cheap.
Thanks, I'll pick it up.

Im short the EUR/AUD. It should be interesting to see the reaction to the interest rate decision later today. I wonder to what extent the market has priced in a hike to 1.5%.
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