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My Wave forecast for EURUSD for next days/weeks

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  • My Wave forecast for EURUSD for next days/weeks


  • #2
    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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    • #3
      Originally posted by Sixer View Post
      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.

      Comment


      • #4
        fibo2618,

        are you in the "camp" of Ian Copsey ?

        http://fx-forecaster.blogspot.com/
        http://www.screencast.com/t/XaJBmoTmasa4

        Sixer

        Comment


        • #5
          Originally posted by Sixer View Post
          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

          Comment


          • #6
            So you start with the traditional rules of elliot waves and wipe out some based on your observation ?

            Comment


            • #7
              Originally posted by val2004 View Post
              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
              Last edited by fibo2618; 17-12-11, 16:21.

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              • #8
                thanks for detailling

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                • #9
                  I think you could be right, as I had a tip off back in Aug that we were heading for this area!

                  Comment


                  • #10
                    what do you mean by a tip ?

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                    • #11
                      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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                      • #12
                        Thanks very much Traderx4 For your kind contribution and sharing, sincerely hope to hear out from you more often on your forecasts regularly Cheers!

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                        • #13
                          Update
                          Last edited by fibo2618; 20-12-11, 13:17.

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                          • #14
                            Thanks traderx4, therefore to clarify based on ur latest chart was the previous eur / usd
                            14 dec low marks Point 3 on your chart?

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                            • #15
                              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.

                              Comment

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