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My Wave forecast for EURUSD for next days/weeks
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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
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Originally posted by Sixer View Postfibo2618,
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
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Originally posted by Sixer View Postfibo2618,
are you in the "camp" of Ian Copsey ?
http://fx-forecaster.blogspot.com/
http://www.screencast.com/t/XaJBmoTmasa4
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
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Originally posted by val2004 View PostSo you start with the traditional rules of elliot waves and wipe out some based on your observation ?
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
PedroLast edited by fibo2618; 17-12-11, 16:21.
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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!Last edited by traderx4; 19-12-11, 11:22.
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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.
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