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发表于 2009-4-12 08:59
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Dec 29, 2008 4:34am
| | EURUSD
EURUHSD 4H.
I am looking at this current move up as being a correction. Near 1.438 is a good confluence level and that's where I will look for a short setup.
Attached Thumbnails
__________________
-soso
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#1113
Dec 29, 2008 4:43am
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Quote:
Originally Posted by swiftpip
I am a newbie with EW and have been trying to learn from everyone here. This is my first time posting a chart so here goes. I was watching the 91.25 area for wave c of 4 to end. Any input on my count is appreciated. Just trying to determine how my learning is going.
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Your count looks good swiftpip although if you try to be a perfectionist then you'd have a hard time subdividing w3 in 5 impulses.
__________________
-soso
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#1114
Dec 29, 2008 6:49am
| | Any indicators or strategy?
I'm new to this thread so pls. excuse my ignorance.
I saw the beautifully attached charts that show the EWs. Are these done manually or you have good indicators that generate these lines automatically. I was trying to check the early posts of this thread but I found none.
Any pointers?
Last edited by Walad100100, Dec 29, 2008 7:21am
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#1115
Dec 29, 2008 8:39am
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Quote:
Originally Posted by soso
Your count looks good swiftpip although if you try to be a perfectionist then you'd have a hard time subdividing w3 in 5 impulses.
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Thanks Soso. I feel like I am getting the hang of it until I see price movements like this morning. Now I am looking at the charts trying to see how this move in USDJPY fits into the counts, or how the counts fit into this move.
Tim
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#1116
Dec 29, 2008 8:44am
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Quote:
Originally Posted by Walad100100
I'm new to this thread so pls. excuse my ignorance.
I saw the beautifully attached charts that show the EWs. Are these done manually or you have good indicators that generate these lines automatically. I was trying to check the early posts of this thread but I found none.
Any pointers?
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As a fellow newbie, the charts with the counts and labeling are done manually. I have been studying EW now for about 5 months and can tell you it takes time and patience to learn, and I am far from done with learning.
Good luck in your trading.
Tim
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#1117
Dec 29, 2008 9:07am
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I believe you swiftpip, as I am aware of the theortical part of this methodology of trading. For that reason I was asking about if our people here are using some indicator in order to mitigate the burden of the EW analysis at least.
Thanks Tim.
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#1118
Dec 29, 2008 2:39pm
| | Let wave 3 down begin in Euro
Quote:
Originally Posted by soso
EURUHSD 4H. I am looking at this current move up as being a correction. Near 1.438 is a good confluence level and that's where I will look for a short setup.
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I agree. The bearish correction since Dec 19 1.3822 has been in 3 waves, and has taken too much time (plus overlaps) to be an impulse. Now the proof is in with todays move below 1.4018 eliminating any upward impulse count possibilities.
My first entry target is the next retracement into the 1.31 range, to catch the 6 months of wave (C) down to 1.16 range.

__________________
- FXoffshore 
"Expect the best - prepare for the worst" Trade Charts and commentary: http://vault.bz
Last edited by FXoffshore, Dec 29, 2008 4:57pm
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#1119
Dec 29, 2008 5:32pm
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Quote:
Originally Posted by FXoffshore
I agree. The bearish correction since Dec 19 1.3822 has been in 3 waves, and has taken too much time (plus overlaps) to be an impulse. Now the proof is in with todays move below 1.4018 eliminating any upward impulse count possibilities.
My first entry target is the next retracement into the 1.31 range, to catch the 6 months of wave (C) down to 1.16 range.
Attachment 186577
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hey ,
so , if I got you ok , you think we haven't seen yet wave no. 3 . as in the chart attached ?
Attached Thumbnails
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#1120
Dec 30, 2008 7:05pm
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Quote:
Originally Posted by Barak's pip
hey , so , if I got you ok , you think we haven't seen yet wave no. 3 . as in the chart attached ?
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I favor that the fall from 1.60 to 1.23 was (A), however it could be 1. My second choice is A of (A) of [C].
I think we are working out a (B) wave now. It has the price height required at .618, but needs weeks more time - as I believe wave B must be (at least) equal to A in time or more. B cannot be less than A for time, unless it is in a triangle, so that means a lot of choppy/sideways price action, but favoring down in January.
If I look at the monthly and weekly charts, Eur/Usd has been in A-B-C waves since the 1970's at least. The monthly charts look like a test of .80 is possible over the next 5-10 years. USD swings in 7-10 year cycles in the past.
__________________
- FXoffshore 
"Expect the best - prepare for the worst" Trade Charts and commentary: http://vault.bz
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#1121
Dec 30, 2008 7:43pm
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Quote:
Originally Posted by FXoffshore
I favor that the fall from 1.60 to 1.23 was (A), however it could be 1. My second choice is A of (A) of [C].
I think we are working out a (B) wave now. It has the price height required at .618, but needs weeks more time - as I believe wave B must be (at least) equal to A in time or more. B cannot be less than A for time, unless it is in a triangle, so that means a lot of choppy/sideways price action, but favoring down in January.
If I look at the monthly and weekly charts, Eur/Usd has been in A-B-C waves since the 1970's at least. The monthly...
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hi again ,
it's a good point , when you look at it that way ,a lot of pairs are in a-b-c's or 1-2-3's for years , check out usdjpy .
for the nearest future , I preffer the plan in the attached chat - when a break of 1.3825 will change it , but for now I'll be thinking it as long when the final approval will be a breakout of 1.4720 ... any thoughts ?
happy new year !!!
Attached Thumbnails
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#1124
Dec 31, 2008 1:46pm
| | UJ update
updated count on UJ. Still looking for c of C of 4 to complete. Looking for short entry above 91.20.
Alternate count could be that this A-B-C was wave A of 4.
Attached Thumbnails
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