fibo2618 Posted December 17, 2011 Report Share Posted December 17, 2011 Quote Link to comment Share on other sites More sharing options...
Sixer Posted December 17, 2011 Report Share Posted December 17, 2011 fibo2618, the price pattern since the high of may 2011 is corrective – your impulse count shows an intersection of wave 1 and wave 4, this is not correct based on the Elliott rules for an impulse: http://imageshack.us/photo/my-images/811/eweurusd601712.gif/ Sixer Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted December 17, 2011 Author Report Share Posted December 17, 2011 fibo2618, the price pattern since the high of may 2011 is corrective – your impulse count shows an intersection of wave 1 and wave 4, this is not correct based on the Elliott rules for an impulse: http://imageshack.us/photo/my-images/811/eweurusd601712.gif/ Sixer Well, this is my wave count and forecast, not a Elliott wave count. I know that according to Elliott this should be called as an ABC corrective, not an impulsive 1 to 5, etc. The fact is that I think Elliott wave count theory is wrong all the time specially when we talk about corrective waves. For me there is always 3 waves only because wave 1 and 2 is part of 3 and there is no correctives. But who cares about wave count and theories? What I want to know is where the market goes and how much. Lets see what happens at that numbers that I point on my graph. Quote Link to comment Share on other sites More sharing options...
Sixer Posted December 17, 2011 Report Share Posted December 17, 2011 fibo2618, are you in the "camp" of Ian Copsey ? http://fx-forecaster.blogspot.com/ http://www.screencast.com/t/XaJBmoTmasa4 Sixer Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted December 17, 2011 Author Report Share Posted December 17, 2011 fibo2618, are you in the "camp" of Ian Copsey ? http://fx-forecaster.blogspot.com/ http://www.screencast.com/t/XaJBmoTmasa4 Sixer Sixer, All my study is from my own observations, I am not connected with any group or movement, but it is possible that someone as achieve similar results. Thanks for the links, seems interesting, I will take a look. Regards Quote Link to comment Share on other sites More sharing options...
val2004 Posted December 17, 2011 Report Share Posted December 17, 2011 So you start with the traditional rules of elliot waves and wipe out some based on your observation ? Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted December 17, 2011 Author Report Share Posted December 17, 2011 (edited) So you start with the traditional rules of elliot waves and wipe out some based on your observation ? Yes, we can say that. I have begun my observations with 1 minute timeframe and heikein ashi. Give a try and you will learn allot about waves and wave count. After I have study all about elloitt waves I found out that Elliott wave theory is wrong many times, despite the basis of 3 or 5 waves are correct. We shouldn't forget that Elliott is from a time where there were no computers and modern technology and I am certain that if he lives today he have changed is mind. Regards Pedro Edited December 17, 2011 by fibo2618 Quote Link to comment Share on other sites More sharing options...
val2004 Posted December 17, 2011 Report Share Posted December 17, 2011 thanks for detailling Quote Link to comment Share on other sites More sharing options...
traderx4 Posted December 17, 2011 Report Share Posted December 17, 2011 I think you could be right, as I had a tip off back in Aug that we were heading for this area! Quote Link to comment Share on other sites More sharing options...
val2004 Posted December 17, 2011 Report Share Posted December 17, 2011 what do you mean by a tip ? Quote Link to comment Share on other sites More sharing options...
traderx4 Posted December 19, 2011 Report Share Posted December 19, 2011 (edited) Let's just say (not bragging) I was fortunate enough to be blessed with a contact that has access to this kind of information before the general retailer knows.The fund he works for trades (BIG STYLE) on the fx and options market each day. Strange I've not heard from him for awhile though. I wonder if he's been took out by some opposing Governemt body! Edited December 19, 2011 by traderx4 Quote Link to comment Share on other sites More sharing options...
iho Posted December 20, 2011 Report Share Posted December 20, 2011 Thanks very much Traderx4 For your kind contribution and sharing, sincerely hope to hear out from you more often on your forecasts regularly :P Cheers! Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted December 20, 2011 Author Report Share Posted December 20, 2011 (edited) Update Edited December 20, 2011 by fibo2618 iho 1 Quote Link to comment Share on other sites More sharing options...
iho Posted December 21, 2011 Report Share Posted December 21, 2011 Thanks traderx4, therefore to clarify based on ur latest chart was the previous eur / usd 14 dec low marks Point 3 on your chart? Quote Link to comment Share on other sites More sharing options...
traderx4 Posted December 21, 2011 Report Share Posted December 21, 2011 Elliot is not something I use within my strategy. I'm more of a supply/Demand and Volume kind of trader. When I was told about this continued fall of the Euro, all I've done is sell when I see the correct setups on my charts. It is interesting to watch what is happeing though based on your waves to see if my friend was correct. It's certainly playing out the way he forcasted back in August though. Quote Link to comment Share on other sites More sharing options...
Sixer Posted December 22, 2011 Report Share Posted December 22, 2011 fibo2618, before you must change your count again, you should study the “corrective” pattern, your impulse count is not correct – the “flat” which started beginning of oct is not finished yet: Neely page 5-39: http://imageshack.us/photo/my-images/265/if3.gif/ Price pattern since may 11: http://imageshack.us/photo/my-images/249/eweurusd602112.gif/ Sixer iho 1 Quote Link to comment Share on other sites More sharing options...
iho Posted December 22, 2011 Report Share Posted December 22, 2011 Hi Sixer, thanks for your input, may i kindly know what reference books are truly useful good for learning wave pattterns . as well as those images are from which reference :) ? Quote Link to comment Share on other sites More sharing options...
Sixer Posted December 22, 2011 Report Share Posted December 22, 2011 iho, the first gif is from the Glenn Neely book (page 5-39); the second gif is prepared by using the Refined Elliott Trader software (www.elliottician.com) with 60 mins data. Sixer Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted December 24, 2011 Author Report Share Posted December 24, 2011 fibo2618, before you must change your count again, you should study the “corrective” pattern, your impulse count is not correct – the “flat” which started beginning of oct is not finished yet: Neely page 5-39: http://imageshack.us/photo/my-images/265/if3.gif/ Price pattern since may 11: http://imageshack.us/photo/my-images/249/eweurusd602112.gif/ Sixer Sixer, In practical terms, what you mean by "the “flat” which started beginning of oct is not finished yet"? Do you think the price don't go in the direction as I pointed out on my last graphic? Can you please share your forecast for eurusd? Quote Link to comment Share on other sites More sharing options...
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