Lolly Tripathy
Sergeant Major
- Messages
- 515
UsdChf
4hr time frame
4hr time frame
FOREX PRO WEEKLY March 31- April 04, 2014
- Thread starter Sive Morten
- Start date
Good morning!
nzdusd
I find kiwi in flat correction, in second leg..so far two waves consider done and 3rd might be or not..I hate when price stops in between, when reversal is not supported with some important fibo level; wave c passed 62 but far awy from 100 of relation with wave a; it stucked and bumped from 127 extension of wave b, so what now? Well, NFP will tell, I think, theoreticaly we can turn up and proceed toward real targets..second option is that we get 3rd correction but then kiwi must drop to at least 50% of wave Y, what would be 0,81927..so, If open short should be protected, maybe little cash in, and waiting....
audusd
Aussie could also made top of DZZ but whole last move up, which I find an impulse, could be treated also as wave 1 of bigger impulse...tricky..before NFP maybe cash in partialy but stop to BE for sure..
usdjpy
I think whole market is preparing for correction on usd so yen is not an exeption..problem is that yen is related with stock market so with stronger dollar yen could go in this wave c/y/b very high with no problem, but taget is close, at 104,20..whatever, I expect to hit this 104,2 and drop...playing on flight to safety card is probably too soon but correction is possible..not neccessary below 100,757, maybe here T3 is most appropriate so target would be at least 102,641, based on current high..
eurusd
Heh, I really should not draw that line, price hang on it all night long! I think this conggestion could be treated as correction if price will not go above anymore..target is tricky, 100%, if stays so, is just below LL..yesterday I said that price will come back sooner or later but for a case that this last wave up is considered ED, then drop will be significant and price will not come in this theritory for quite some time...so good luck!
Good trading!
ps
gbpusd
Almost forgot on cable! The simpilest count is zigzag with flat correction...target might be 1,64449, if top is in place...
nzdusd
I find kiwi in flat correction, in second leg..so far two waves consider done and 3rd might be or not..I hate when price stops in between, when reversal is not supported with some important fibo level; wave c passed 62 but far awy from 100 of relation with wave a; it stucked and bumped from 127 extension of wave b, so what now? Well, NFP will tell, I think, theoreticaly we can turn up and proceed toward real targets..second option is that we get 3rd correction but then kiwi must drop to at least 50% of wave Y, what would be 0,81927..so, If open short should be protected, maybe little cash in, and waiting....
audusd
Aussie could also made top of DZZ but whole last move up, which I find an impulse, could be treated also as wave 1 of bigger impulse...tricky..before NFP maybe cash in partialy but stop to BE for sure..
usdjpy
I think whole market is preparing for correction on usd so yen is not an exeption..problem is that yen is related with stock market so with stronger dollar yen could go in this wave c/y/b very high with no problem, but taget is close, at 104,20..whatever, I expect to hit this 104,2 and drop...playing on flight to safety card is probably too soon but correction is possible..not neccessary below 100,757, maybe here T3 is most appropriate so target would be at least 102,641, based on current high..
eurusd
Heh, I really should not draw that line, price hang on it all night long! I think this conggestion could be treated as correction if price will not go above anymore..target is tricky, 100%, if stays so, is just below LL..yesterday I said that price will come back sooner or later but for a case that this last wave up is considered ED, then drop will be significant and price will not come in this theritory for quite some time...so good luck!
Good trading!
ps
gbpusd
Almost forgot on cable! The simpilest count is zigzag with flat correction...target might be 1,64449, if top is in place...
Last edited:
Lolly,
yesterday I made usdchf and looks very bullish, so usd really could raise from ashes, well maybe a bit...
one more...for dessert, hehe..
usdjpy...recommendation in EW analysis is - if in doubt, check higher time frame..those who invented these waves and rules/recommendations were genious! I force my grey cells to work as crazy but there is nothing to work at all, IF you belive in picture on higher time frame..
This picture is 100% bullish but drop will be fantastic!
usdjpy...recommendation in EW analysis is - if in doubt, check higher time frame..those who invented these waves and rules/recommendations were genious! I force my grey cells to work as crazy but there is nothing to work at all, IF you belive in picture on higher time frame..
This picture is 100% bullish but drop will be fantastic!
Lolly Tripathy
Sergeant Major
- Messages
- 515
Thank you Dear Minimax
Eurchf
4hr time frame
Eurchf
4hr time frame
Stranik,
try this https://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banker/16933-chapter-16-part-i-elliot-wave-theory.html
You have to start somewhere. Honestly, I have not read it yet but will do, for you...
This theory is extremely abstract although everything is written..as said before, those inventors were geniuos..if one has no art ability, I mean if is ´blind´ for patterns and has no imagination, nothing will help him.
It is not problem an impulse, trendy wave, but as we can see, we are always in corrections...70-80% of time are corrections and people are loosing money in corrections...so - good reading!
Venelin
Master Sergeant
- Messages
- 430
I`d recommend "Mastering elliott wave" by glenn neely
Huh, Venelin, the hardest reading! I could not diggest it.
For beginner i recommend Applying Tecnical Analysis by Tom Joseph, for advanced pupil Prechter´s books EW Principle and RN Elliott´s Masterworks, and maybe Neely...
I went through FPA Elliot waves, for first contact very nice. Good job, Sive!
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