Thread: Elliot Wave Analysis

Originally Posted by ;

quote @ what would you think about this count? NZDUSD H4 picture

Hi grandaevus,

According to me, due to the strength of nzd from yesteryear, I am not investing in this pair, but since you asked, this is my opinion:

Many specialists say that usd needs one down to complete a major wave down. I'm not too confident as well but so far in the arrangement of usd index, and the corresponding pairs of usd, it appears to have completed the tide down (maybe I am wrong as well.) So in my opinion, this upmove of usd is the 2nd wave. When usd is strengthening, then the pairs which usd is involved with if create a downward movement. In the instance of gbp and nzd, they are still quite strong and on greater timeframes, they are not breaking so easily enjoy others. So I don't think your chart may be correct (just my two cents). Here is my 4hr chart.

nu 4 hr

Originally Posted by ;

quote @ what do you consider this count? NZDUSD H4 image

I am also surprised that you asked about this pair coz in your ccfp indior, you don't see that pair on monthly,weekly or daily. I utilize ferrufx's indior to find the pairs that I have to put the count on based on it's weakness and strength. I also utilize finviz site : https://finviz.com/forex_performance.ashx
to inspect the operation of currencies . I utilize the information per month, month and week to date. Just I utilize EW to plot the counts on the best pairs.

Originally Posted by ;

quote I am also surprised that you asked about this pair coz on your ccfp indior, you do not see this pair on monthly,weekly or daily. I use ferrufx's indior to discover the pairs which I need to place the count on predied on it's strength and weakness. I also use finviz site : https://finviz.com/forex_performance.ashx to check the performance of currencies . I utilize the information per month, month and week to date to assess the strength. Just I use EW to plot the points on the best pairs.

I have been operating on an Elliott Wave Indior. CMSM is my favorite and it'll always be. Incidentally, combining Elliott with a currency asset indior is a nice egy.

Hi stringfx,
After a long time, though the amount is small, I've gained 35 pips each from EURUSD USDJPY and 60 pips out of GBPUSD.
Thank you for the instructions.

Originally Posted by ;

Hi , After a long time, though the amount is small, I've gained 35 pips each from EURUSD USDJPY and also 60 pips from GBPUSD. Thank you for the instructions.

Congrats Mav. Good. Financial freedom is right around the corner !

Originally Posted by ;

quote Wave 3.iv crossed wave 3. I though it”s still over wave 1. Can waves that are extended split Wave 4 can NEVER cross in precisely the price area as Wave 1 rule. Iv has crossed wave 3. i .

Yes tide iv can't enter tide 1 land. Apart from in the event that you check my second chart on nzd/usd, the price has stopped currently at 38.2 expansion down. I am expecting down. To 61.8 prior to nfp.

Originally Posted by ;

quote Congrats Mav. Good. Freedom is right around the corner !

Can you really do a quick update on Cable and Fiber too?

Originally Posted by ;

quote Thank you . What's your minimum target for USDCAD?

Usdcad daily count and initial targets ( my honest view)

Originally Posted by ;

quote usdcad daily count and initial targets ( my frank view) image

Hello Sting,
Thank you to the USDCAD chart.
Inside this situation, normally do you wait to buy until the price crosses above major wave-iii ? (hope I'm not asking you a lot of !)