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    EURUSD forecast detail @ 26Jan2012 by fibo2618



    See overall forecats for eurusd on my post @ 7 Jan 2012:
    http://indo-investasi.com/showthread.php/16643-EURUSD-forecast-07Jan2012-by-fibo2618

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    I hope someone has made good money today with my forecast.

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    fibo2618,

    did you ever consider to count the move since the low of 16th jan as a corrective pattern ? E.g. as ZigZag or combination? This pattern is still unfolding.

    Sixer

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    Quote Originally Posted by Sixer View Post
    fibo2618,

    did you ever consider to count the move since the low of 16th jan as a corrective pattern ? E.g. as ZigZag or combination? This pattern is still unfolding.

    Sixer
    Sixer,
    As stated on my graphic I don't follow Elliott wave rules strictly.
    But for your info there is a pattern of AB=CD 100% on this leg that would finish @ 1.3235. You can see this more clearly on the daily chart.
    I doubt that your software will find that one.
    But more stronger that this pattern is the established target on the @ 1.3229.
    From now on I expect to see a wave 5 down to finish this wave 2 (Yes, for me this is a wave 2 that begins 4 May 2011).
    Now, lets wait for the next days and check who is right, me or the Elliot wave analysts.

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    fibo2618,

    if you found a harmonic pattern (AB=CD), why don`t you show it in post#1 ? Your problem is that you still have problems to detect corrective and/or impulsive patterns.

    Sixer

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    Quote Originally Posted by Sixer View Post
    fibo2618,

    if you found a harmonic pattern (AB=CD), why don`t you show it in post#1 ? Your problem is that you still have problems to detect corrective and/or impulsive patterns.

    Sixer
    Sixer,
    First, I can't show everything, and yes, there is a lot more.
    Second, I don't have any problems with corrective & impulsive because for my method it doesn't matter what you call it. I only want to find the end point of each wave. And that is what matters to make money. When I am catching the reversals, you still are counting waves and guess if is impulsive, corrective complex zigzag abcxy, etc.
    And more interesting is that you all your wave knowledge, you don't have show any forecast to us.

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    For those who have missed the entry short @ 1.323, this wave up now forming now from 1.3041, I think it should end @ around 1.318. That will be a good entry short. Good luck to all.

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    fibo2618,

    i still consider the pattern which started at 16th jan as a corrective one (ZigZag) but not finished yet:

    http://imageshack.us/photo/my-images/830/eurusd22.gif/

    Does this correspond with your actual outlook ?
    Sixer

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    Quote Originally Posted by Sixer View Post
    fibo2618,

    i still consider the pattern which started at 16th jan as a corrective one (ZigZag) but not finished yet:

    http://imageshack.us/photo/my-images/830/eurusd22.gif/

    Does this correspond with your actual outlook ?
    Sixer
    Sixer, I don't use that kind of patterns on my method.
    Is not my way of counting waves.

    Next Hot Zone reversal point is @ 1.3006

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    upadte last hour

    This wave down that begins @ 1.3186 should end @ 1.3094. I guess it could go up until 1.3194. That should be a good short entry until maybe 1.2689 (Need confirmation of this target).

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