Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the Reception category; I'm posting a current chart and with my notes on it. That's the thing about corrective waves. They take more ...

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Old Jan 4, 2010, 4:49am   #8
 
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Re: Elliott Wave EUR/USD

JahDave started this thread I'm posting a current chart and with my notes on it. That's the thing about corrective waves. They take more patience to trade because there are more possible patterns than impulse waves. I carried my short through the weekend for a nice profit, but have closed that position and am sitting out until this chart unfolds some more.
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Old Jan 6, 2010, 4:51am   #9
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my update for January 5, 2010. I am currently long Euro looking for a five wave up move to finish the C wave of the corrective action. My buy in, stop, and limit is on this screen shot I am attaching. I think I am right for now. My rule is to protect the profits after they pass 50 pips, and let's all get paid in 2010. Click the image to open in full size.
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Old Jan 6, 2010, 6:37am   #10
 
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Re: Elliott Wave EUR/USD

JahDave started this thread And by the way, wave C is always comprised of 5 waves.
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Old Feb 18, 2010, 12:12am   #11
 
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Re: Elliott Wave EUR/USD

JahDave started this thread OK,
Sorry I've been gone a while. I will try to make at least 2 or 3 posts a week. Right now I'm looking for a high in the Euro of between 1.3630 and 1.3650 to complete a wave 4 on the five minute chart. Then it will push down in 5 waves to make wave 5. After that it should make a wave 2 on the next larger scale back up into the same range, and after that it will begin wave 3 of a larger wave 3, so this should be a nice move down for at least several hundred pips.

I'll check back in tomorrow.

Dave
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Old Apr 20, 2010, 3:59am   #12
 
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Re: Elliott Wave EUR/USD

JahDave started this thread I quit posting in February because I realized I wasn't posting effective charts. To sum things up I thought I had Elliott Wave Theory figured out to the point I could consistently give good advice, but that wasn't the case. I have been working really hard since then and hopefully improved a lot and can get more Elliotticians to contribute to this thread. I really believe that if multiple people contribute then we can help each other be more successful. Here is my preferred count on the Euro daily chartClick the image to open in full size.
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Old Apr 20, 2010, 4:35am   #13
 
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Re: Elliott Wave EUR/USD

JahDave started this thread
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Originally Posted by JahDave View Post
I quit posting in February because I realized I wasn't posting effective charts. To sum things up I thought I had Elliott Wave Theory figured out to the point I could consistently give good advice, but that wasn't the case. I have been working really hard since then and hopefully improved a lot and can get more Elliotticians to contribute to this thread. I really believe that if multiple people contribute then we can help each other be more successful. Here is my preferred count on the Euro daily chartClick the image to open in full size.
P.S. In my defense Look at the time frame from February through March. That is a very choppy unclear time period and even the pros were missing forecasts consistently. But I know now that is a time period to sit back and wait for things to clear up some, even if it takes a while.
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Old Apr 20, 2010, 4:42am   #14
 
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Re: Elliott Wave EUR/USD

JahDave started this thread BTW, one more thing. I realize there is no "holy grail" of trading, and I use lots of other Technical indicators and fundamentals as well. I believe from my trading experience that there is no substitute for experience, but I have several trading friends I talk to daily and just running ideas and observations by each other helps us all.
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