Elliott Wave EUR/USD

Hey Pip, what is your thought about the EUR_AUD. I've got it in a fourth wave and the fibos are making a good case for the 1.4650 area to hold before the fifth wave heads back up.

LOL. Would you expect anything different? Actually that was my WR1 talking. 1.2281 is the bottom of the cloud. 1.2782 is the top. If I remember right you got this move DOWN headed to somewhere above the bottom of my cloud, and according to your EW, you got it blowing the top of my cloud off.
I'm hope your readers are watching. That's a confluence of events. Dave's EW and Paul's IC & S&R's are agreeing.
I noticed yellowroses gave you a visit. I told her to check your thread out. We go back a long ways. A while ago, we were talking about wave counts and how they compare with what I brainwashed her with (LOL). After she gave me a visit I said, girl here's your chance. Be sure and address him properly. That's Sir EW.

I appreciate the accolades but I'm just a plain old country boy. LOL, as always thanks for dropping buy and giving some input. I see you're building a following over there. Good luck with that and just ignore the naysayers, they're not worth responding to.

I actually enjoy them. They try to repudiate something that they have no idea what they are messing with. They confirm what I'm doing, especailly when about 6 or 7 that follow my thread have been together for 3-5 years. We're a pretty close-knit bunch. They're just sitting back laughing or ready to find the nearest plane and give him a visit--lol. Zeph is the star. He cracks me up.
I've been in the country for 12 years after 41 years in Sacramento. I guess I'm still big city ay heart. I just don't know how to act like a hillbilly. But then, I'm not formal enough to go back to the big city.

I am posting up a weekly Dow chart with my technical stuff underneath that I have tweeked. If anyone would have pulled their 401K money out of stocks when the sell arrow came up and bought stocks when the green buy arrow came back then they would have been far ahead of the game. The indicator is a modified stochastic set at 34, 13, 8 and also the arrows are a fractal indicator that I applied on top of the stochastic. I will say that it is very flexible and I do adjust the MA periods depending on what time frame I am on and whether I want a longer or shorter term trade. I mainly use this to help confirm when wave counts are ending. In my opinion you could only use this to trade and still be very profitable.

Dave, you answered part of my e-mail with regards to the indicators.
Don't those red and green dots lag? In other words, they are placed about 2 candles after the event.
It still has me tied in knots
I won't say where I got that from in an open forum.

The fractal signals do lag a bit here partly because I have the MA's set at 34,13, and 8. The signal gets much faster if you shorten the ma's on the modified stochastic but you get a lot more signals. I wouldn't use these settings unless I was taking a very long position for at least several months. I was using this example because if the average 401K person would just set up a chart like this then they would be much better off than 99% of the other long term investors

Also this is something new I'm trying out. I didn't like what I was getting at all from the default setings so I decided to do some tweeking. In my opinion if something lags just a little it's not the end of the world as long as it is reliable and you get most of the move. I'm pretty sure there is no perfect system out there, so I'll be pretty happy to be right almost all of the time. Also I wouldn't follow this alone. You know how much I believe and use EW and Fibo.