JahDave
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Re: 08/20/2011
Nice wave counts Snow...........We have about the same primary and alternate counts now................I will post some charts on my thread this weekend........
Good trading Buddy,
JahDave
Nice wave counts Snow...........We have about the same primary and alternate counts now................I will post some charts on my thread this weekend........
Good trading Buddy,
JahDave
snowrider
Well-known member
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Re: 08/20/2011
Hey Dave, I check out your thread and EWL's blog everyday. Now the EUR is puzzling me. I don't know if it wants to go up or down before a clear impulsive wave comes out. I am looking forward to seeing your new post this weekend.
Hey Dave, I check out your thread and EWL's blog everyday. Now the EUR is puzzling me. I don't know if it wants to go up or down before a clear impulsive wave comes out. I am looking forward to seeing your new post this weekend.
snowrider
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packtoo - Thanks for reading this thread. I don't know if there is any software that can automatically label wave counts. I do the labelling manually.
JahDave
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Re: 08/20/2011
I am in the same camp as you. Right now I have no clear direction on the Euro. I have a small short position that would have to go over 1.55 to wipe me out, but I will take profit at around 1.40 because I think the Euro could go up as high as 1.48.
I am in the same camp as you. Right now I have no clear direction on the Euro. I have a small short position that would have to go over 1.55 to wipe me out, but I will take profit at around 1.40 because I think the Euro could go up as high as 1.48.
snowrider
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A very destructiv wave-__3 overnight ended wave-D consolidation. The penetration of wave-D-d's starting point sent out a signal that the wave-E has started. The target of wave-E is at around 1080.
Since the market sentiment is very bearish at this moment, a rebound (wave-_4) is expected now. The ideal rebound target is at around 1150 area.
Since the market sentiment is very bearish at this moment, a rebound (wave-_4) is expected now. The ideal rebound target is at around 1150 area.
I like the simplistic way that Robert C Miner's High Probability Trading Stratagies book deals with Elliot Wave. I've read it cover to cover. Some of the traders at itradepod refer to parts of Robert's method for dealing with time and the abc retracement and 5 wave continuation patterns but most of the emphasis is on Market Profile.
