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  1. #1
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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

  4. #3
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    Quote 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.

  5. #4
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    fibo2618,

    are you in the "camp" of Ian Copsey ?

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

    Sixer

  6. #5
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    Quote 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

  7. #6
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    So you start with the traditional rules of elliot waves and wipe out some based on your observation ?

  8. #7
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    Quote 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; 12-17-2011 at 05:21 PM.

  9. #8
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    thanks for detailling

  10. #9
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    I think you could be right, as I had a tip off back in Aug that we were heading for this area!

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    what do you mean by a tip ?

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