I admire the way that you analyse the movement of EW. It looks simple but nevertheless very infomative and simple to comprehend. Blend with Fibo is crystal clear. Its gon nana be input for my trade.
Keep it up man...
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I admire the way that you analyse the movement of EW. It looks simple but nevertheless very infomative and simple to comprehend. Blend with Fibo is crystal clear. Its gon nana be input for my trade.
Keep it up man...
Thanx for your compliment ....Originally Posted by ;
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LONGER TERM (Elliott Waves)
Eur/Usd
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two charts below
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1st Chart
http://www.ttrader.com/mycharts/disp...etwavesid=1146
2nd Chart
http://www.ttrader.com/mycharts/disp...etwavesid=1146
JAMES BROWM
Rest In Peace - You have inspired Numerous ....
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Could you talk a little bit more on that?
What do you find in this particular?
Lt;table border=0 cellpadding=0 cellspacing=0 width=575gt;lt;tbodygt;lt;trgt;lt;td valign=topgt;EURUSD: More Volatility
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lt;/tdgt; lt;tdgt; By Vadim Pokhlebkin lt;/tdgt; lt;/trgt; lt;tr height=12gt; lt;td height=12 width=6gt;
lt;/tdgt; lt;td height=12gt; lt;/tdgt; lt;/trgt; lt;/tbodygt;lt;/tablegt; lt;table border=0 cellpadding=0 cellspacing=0 width=575gt;lt;tbodygt;lt;trgt;lt;td width=6gt;
lt;/tdgt; lt;td class=EC_article valign=topgt;If you have been asking for volatility, then you have got it. Last week's dull sideways trading in the EURUSD ended with a bang on Friday (Dec. 8). That morning's unlikely swings -- 100 pips upward, 150 pips, and all in the course of 3 hours -- is precisely why some more experienced Foreign Exchange traders say they don't trade in December. It is simply too easy to get shaken from your circumstance, whichever direction you might be betting.
It had been the ambiguous U.S. jobs report published at 8:30 a.m. last Friday, said the analysts, that delivered the EURUSD flying. In terms of the 150-pip move from the opposite direction two hours afterwards -- well, that, seemingly, was due to a passing remark by the U.S. Treasury Secretary that a 'strong dollar' was in the U.S. interest, whatever that means.
While the two events last Friday were certainly coincidental using the EURUSD's swings, even whether or not you think they actually drove the market action depends on what school of thought you belong to. From an Elliott wave standpoint, the USD was expected for a change last Friday. EWI's http://www.elliottwave.com/s.asp?cn=...aspx?code=fofo was heading out a strong chance of that the night before:
Update For: Friday
Posted On: Thu, 7 Dec 2006 19:35:00 GMT
EURUSD [Last Price]: 1.3283
[Topping, correction due] Key Degrees: 1.3256. A rally into a new high is possible, but that potential shouldn't overshadow the rising downside risk.
Http://www.elliottwave.com/images/ez...12-12-06-1.gif
We expected a leading last Friday since, as you know an Elliott wave impulse contains 5 waves. But on Thursday the move was just showing 3 waves so what was next was a corrective wave 4 down -- and we certainly got it. That is quite a perspective of volatility, isn't it? Turns out, you can actually expect it, in case you've got the proper tools.
Together with the Federal Reserve's interest rate announcement expected later today (Dec. 12), the current market is bound to undergo more near-term volatility. And it's very likely to persist as the year-end approaches, therefore this really is a time for careful trading.
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Hello there guys,
Totally agree w/ the Euro analysis. I'm anticipating wave 4 to finish around 2978ish (exactly what I presume wave 4 is anyhow). Then I'm expecting a good move up move.
I also think this upcoming wave 5 will establish the direction for another 12 to 18 months. . .but that's not part of this thread.
Happy holiday!
Euro/Usd
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Euro/Usd (2 hr bars chart)
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This is gonna be intersting
Do you feel euro and also gbpusd will bearish through the year?? From concept I hear that it will from many I only am interested ?
I like what itime is saying from the post just above
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