Elliott Wave EUR/USD

[targus+]

JahDave

Thank you again for the information you sent me. Your modified stochastic looks very good, the indy you are using for the abc, are these your own, are they available?

 

[targus+]

We seem to have a double bottom on the monthly which has been slowly forming and now looks active. Can anyone advise here?

 

[JahDave]

JahDave

Thank you again for the information you sent me. Your modified stochastic looks very good, the indy you are using for the abc, are these your own, are they available?

Hi Targus,

I do all of my own labeling manually. I have tried some Elliott Wave indicators but have not found any that work properly.

Good Trading,
Dave

 

[JahDave]

Euro update. The way I count this pair, there has been an extended third wave on the hour chart and the day chart. There is a cluster of Fibonacci levels from multiple time frames at around the 1.4650 so I think this pair may go that high before it finally has a major reversal. Of course it may not make it that high but usually major turning points happen around Fibonacci clusters.

 

[Jackn8]

The W5's are tricky IMO, they can fall short and go way long into time and not price.

Im still thinking that the USD has a surprise bounce here sometime soon just to mess up all the charts.

 

[JahDave]

The EUR_USD has tweezer tops on the day candles...........That should be good for a few down days.

 

[JahDave]

The EUR_USD has tweezer tops on the day candles...........That should be good for a few down days.

And for more traditional traders a head and shoulders on the hour charts if it holds up........

 

[targus+]

If she comes down for a few days would it be wise to go long again or just wait for the big reversal and go short? Tweezers, can you post a chart showing them, thank you, only if you have time.

 

[JahDave]

Here is the NZD_USD 5 minute with the best 5 waves down that I have seen in months............... I have been short for two weeks and after this goes back up for a wave 2 then I am loading up big for a short there.

 

[JahDave]

If she comes down for a few days would it be wise to go long again or just wait for the big reversal and go short? Tweezers, can you post a chart showing them, thank you, only if you have time.

The 2 white candles with the red candle between them is the tweezer tops.......It looks pretty promising, but I am being cautious........LOL......Who am I kidding............I am almost in too early, so therefore I get in for a very small position.............I have been short EUR_USD for a week...........If it is promising then I will go larger short.

Good Trading,
Jah Dave

 

[JahDave]

It's going to be big down or bust tonight........We will know within 8 hours.........

 

[JahDave]

If wave five finishes on the hour chart then the trend has changed ........If this moves to new highs then we have a week or three before this reverses for a long time.................

Good Trading Everyone

 

[JahDave]

It will be known within 12 hours........Watch the London market tonight to know.................Even if they push the Euro higher then it is still in a topping process................

 

[JahDave]

Another push up for the Kiwi and then collapse........at the very least 500.................

 

[JahDave]

I only see down for the EUR_AUS to the 1.3125

 

[JahDave]

The bottom line is bet on the USD,,,,,,,,,,,,,,,,,I know it has been a long time coming,,,,,,,,but I think it is actually here now......

 

[targus+]

The bottom line is bet on the USD,,,,,,,,,,,,,,,,,I know it has been a long time coming,,,,,,,,but I think it is actually here now......

Thanks,JahDave

I am short with you. Where do think she will reach?

 

[JahDave]

First things first Targus.........I have been watching the wave structure on the 1 hour chart. If the EUR_USD makes a clean five waves down then there will be a 3 wave retracement and then another strong move down. We will know by tomorrow if it made a good impulse down.

 

[targus+]

A monthly top formation, we could be short for sometime.

With elliot, how are you counting them, can you demontrate on a chart. I'm finding it so difficult to grasp.

 

[targus+]

4got the chart.