Elliott Wave EUR/USD

This is a discussion on Elliott Wave EUR/USD within the Trading Journals forums, part of the Reception category; Here is my day and hour Euro chart for today. I think there is a very good chance this ends ...

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Old Jun 6, 2010, 11:34pm   #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, 12:26am   #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, 3:47am   #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, 4:19pm   #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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Old Jun 13, 2010, 11:25pm   #61
 
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Re: Elliott Wave EUR/USD

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Originally Posted by hwsteele View Post
DO you mean 1.2123?
sorry, I did mean 1.2123
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Old Jun 14, 2010, 4:35pm   #62
 
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Re: Elliott Wave EUR/USD

JahDave started this thread It does look like the ending diagonal scenario is completed and the Euro is headed up. Also if anyone is following the CHF trade I mentioned then I think the 1.14 - 1.1450 area should give good resistance.
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Old Jun 14, 2010, 4:41pm   #63
 
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Re: Elliott Wave EUR/USD

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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
Here is the CHF post from earlier
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Old Jun 14, 2010, 8:28pm   #64
 
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Re: Elliott Wave EUR/USD

JahDave started this thread This is what I think is the most likely short term scenario concerning the Euro.
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