Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the Reception category; One More possibility I see is that the euro may have already bottomed out. I don't think this is likely, ...

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Old May 26, 2010, 2:37pm   #51
 
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Re: Elliott Wave EUR/USD

JahDave started this thread One More possibility I see is that the euro may have already bottomed out. I don't think this is likely, but I'm attaching my hourly chart showing this and that equates to where the iii is on the daily chart.
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Old May 26, 2010, 2:51pm   #52
 
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Re: Elliott Wave EUR/USD

JahDave started this thread I have had several requests for good entry and exit points so I'm putting up my USD/CHF daily chart. I think now is an excellent time to go short. If you would like to wait another 100 or so pips that will probably be ok. I just sold a small amount with a 300 pip stop expecting it to go up to the trend line, but sometimes the E wave in a triangle undershoots or overshoots the target. My initial target is below 1.00 but I think it has potential to make the .85 range. P.S. If I am correct I will start adding to my position based on pullbacks and wave counts. Good trading everyone.

My entry is short @1.1570 with a stop @1.1850 and a limit @ 1.00
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Old Jun 2, 2010, 5:10am   #53
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my latest Daily EURO chart. Not much has changed and I don't think it has much more downside potential.
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Old Jun 2, 2010, 7:34am   #54
 
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EUR/USD, it has no downside risk at all

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Old Jun 4, 2010, 2:24am   #55
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my Euro 1 hour chart. I've been waiting to get some kind of clarity from an Elliott Wave perspective and I think an ending diagonal is a good possibility. The Euro must go below the 1.2142 for this count to be valid.
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Old Jun 4, 2010, 5:51pm   #56
 
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Re: Elliott Wave EUR/USD

JahDave started this thread This Euro looks ending diagonal textbook complete with overshooting the mark on wave 5 which is normal in a triangle or diagonal. I just bought at 1.2018 with a stop at 1.19 and limit at 1.26. Also the RSI is showing oversold.
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Old Jun 7, 2010, 12:34am   #57
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my day and hour Euro chart for today. I think there is a very good chance this ends Wave 1 down that began at the end of November last year. If not a bottom should be in the near future. As you can see on the day chart wave 2 on the larger scale should hit somewhere around one of the fibonacci retracement levels. I think the odds favor the 50% area around the 1.35. In the shorter term I think the 1.23 level will be the first corrective push up.
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Old Jun 10, 2010, 1:26am   #58
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Not much to say about the Euro.....Still waiting to confirm a bottom. I have an alternate count to what is on my chart that goes to the 1.16 range before it is finished
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Old Jun 11, 2010, 4:47am   #59
 
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Re: Elliott Wave EUR/USD

JahDave started this thread It looks like the 1.15 or 1.16 range is becoming more likely . I sold it at 1.2923
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Old Jun 11, 2010, 5:19pm   #60
 
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Re: Elliott Wave EUR/USD

Quote:
Originally Posted by JahDave View Post
It looks like the 1.15 or 1.16 range is becoming more likely . I sold it at 1.2923
DO you mean 1.2123?
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