Elliott Wave EUR/USD

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Old Jun 22, 2010, 12:22am   #91
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Back to the Euro......I'm looking for a short term bounce on the hour chart and then some more down. Long term is still up.
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Old Jun 22, 2010, 12:53am   #92
 
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Re: Elliott Wave EUR/USD

JahDave started this thread Here is my daily Aussie chart
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Old Jun 23, 2010, 3:42am   #93
 
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Re: Elliott Wave EUR/USD

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Back to the Euro......I'm looking for a short term bounce on the hour chart and then some more down. Long term is still up.
Here is an updated Euro hour chart. If you look a few posts back I just said I was trying to not jump the gun and I did it last night again. Anyway, I think the Euro is starting a bounce right now that will be 100 pips or so before heading back down. Hopefully the candles will follow the red line.
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Old Jun 23, 2010, 5:00am   #94
 
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Re: Elliott Wave EUR/USD

Hello JahDave,

Just looking at your Eur-Usd chart...you're definitely an EW trader . When the price pattern follows Elliott's theory, it can mean some very nice trades. Will subscribe to your thread so I can see what new ideas you post.

Thanks for the thread,

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Here is an updated Euro hour chart. If you look a few posts back I just said I was trying to not jump the gun and I did it last night again. Anyway, I think the Euro is starting a bounce right now that will be 100 pips or so before heading back down. Hopefully the candles will follow the red line.
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Old Jun 23, 2010, 5:55pm   #95
 
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Re: Elliott Wave EUR/USD

It was a nice 200 pip ride down
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Old Jun 23, 2010, 8:31pm   #96
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Re: Elliott Wave EUR/USD

Hello mate just had a look through the Journal. Looking good liking some of those ABC patterns in line with fibs. Very interesting stuff.
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Old Jun 24, 2010, 3:55am   #97
 
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Re: Elliott Wave EUR/USD

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It was a nice 200 pip ride down
Thanks HW, It's about to go down again. I just went short targeting the .8575.
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Old Jun 24, 2010, 3:55am   #98
 
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Re: Elliott Wave EUR/USD

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Hello mate just had a look through the Journal. Looking good liking some of those ABC patterns in line with fibs. Very interesting stuff.
Thanks for the nice comments Pozzy.
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Old Jun 24, 2010, 4:18am   #99
 
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Re: Elliott Wave EUR/USD

This is so freaky. I'm going to stop reading your thread--LOL. The bottom of the daily cloud is .8578. I was planning on exiting at that point, then jumping back in after the bounce. You probably know this trade has been taking me all over the country, so I'm tired of looking at it on my platform. Even at that point my positions on aussie and the kiwi will still net some nice pips.
Dave, excellent job! Keep up the good work!

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Thanks HW, It's about to go down again. I just went short targeting the .8575.
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Old Jun 24, 2010, 4:23am   #100
 
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Re: Elliott Wave EUR/USD

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This is so freaky. I'm going to stop reading your thread--LOL. The bottom of the daily cloud is .8578. I was planning on exiting at that point, then jumping back in after the bounce. You probably know this trade has been taking me all over the country, so I'm tired of looking at it on my platform. Even at that point my positions on aussie and the kiwi will still net some nice pips.
Dave, excellent job! Keep up the good work!
I'm telling you this is very crazy the way it all lines up. Even better than that is the fact that my channel is Andrew's Pitchfork...LOL. I think newbie would be proud.
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Old Jun 24, 2010, 4:40am   #101
 
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Re: Elliott Wave EUR/USD

Actually, the thought crossed my mind if you were using the pitchfork in that instance. It definitely resembled it, and I know you follow newbie's posts a lot.
I mentioned in our chat room that we had a few years ago that the ichimoku automates S&R's and Tl's that otherwise you'd have to look for and take time plotting them. I am not a TL, EW, draw a bunch of lines on my graph type of trader, but it is amazing how it all lines up.
I remember when in 2007 when I was developing my methodology that would include the ichimoku, but was still pre-proprietary S&R's. I noticed how thing were lining up with Max's EW forecasts. My being the developmental process, I was afraid to pull the trigger, even in a lot of obvious setups, but I would do it on my demo. On a Thursday and Friday "The Great One" got 1,000 pips. I got 600 using the ichimoku on the same pairs he trades, but nothing on my real account. Still, it was a great experience. I learned how closely relevant the ichimoku and my S&R's are to the EW.
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Old Jun 24, 2010, 4:43am   #102
 
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Re: Elliott Wave EUR/USD

JahDave started this thread I just sold some euro with a 50 pip stop looking for the 1.2100 hopefully
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Old Jun 24, 2010, 4:46am   #103
 
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Re: Elliott Wave EUR/USD

I do believe I may do the same come midnight my time.
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Old Jun 24, 2010, 7:17am   #104
 
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Re: Elliott Wave EUR/USD

Hello JahDave,

Absolutely! Newbie is very proud that you had an open enough mind to try. It is amazing how all the lines line up . I saw you draw another fork which I copied and drew a burgundy fork the Andrews way, using alternating high-low-high.

Great job first-timer! There are many rules of application and interpretation to gain the most benefit, but at least you have seen it for yourself. Now others can see I am not just making these lines up LOLOLOL...not that anyone has said so.

Keep up the good work!

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I'm telling you this is very crazy the way it all lines up. Even better than that is the fact that my channel is Andrew's Pitchfork...LOL. I think newbie would be proud.
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Old Jun 24, 2010, 7:21am   #105
 
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Re: Elliott Wave EUR/USD

This is the one. Looks like there is a fork here too. I redrew a burgundy fork on your chart...don't want you to pick the wrong pivots. It is important to use highs and lows of swings, as the swing or wave generates the next swing, which the fork is projecting. You will see a big difference in the slope of the fork. Drew it by hand, so please forgive the lines if they are not exact.

All the best. You have a wonderful Elliott Wave thread.

Thanks for posting.

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I just sold some euro with a 50 pip stop looking for the 1.2100 hopefully
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