Yen Crosses and Elliot Wave Charts 15m and Up
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Thread: Yen Crosses and Elliot Wave Charts 15m and Up

  1. #1
    Hello Traders,
    searching for traders to post their Elliot Wave analysis to learn and trade by.
    I would like to put special focus on the yen crosses such as the GBP/JPY USD/JPY, EUR/JPY, AUD/JPY, NZD/JPY, and others. You are free to talk about anything you wish including non yen crosses as long as it is in line with forex factories rules and you conduct yourself to traders in regard. Yen crosses are only my taste as it's what I will really be trading. Fibonacci and Gann research are also quite welcome. All analysis is valuable but our attention is on waves. I would like to keep this thread alive so please assist by posting charts and other TA to spur discussion. I will attempt to discuss my own work but I am am new at this as of the article.

  2. #2
    hs must break in 1 direction or another. It is still valid in my opinion. .
    This really is a good video which teaches what to search for.

  3. #3
    To continue my analysis on the path of medium-term reversal, I have picked this chart that shows some clear patterns. First of all, let us define the components:

    1 represents the principal trendline originating from this summertime highs around 169.00. The principal trend is down.
    2 represents the secondary trend that derives from the main trend; at some point, as a consequence of raising momentum (and generally in wave 3 improvements but I don't wish to make this more complex than it already is) the market pushes the price from the direction of the main trend but using a higher rate; therefore the targets (distance) remain exactly the same, but also the time forecasts are altered.
    3 represents the minor trend of our installment that might exist or may not exist in any given installment; in our case, the minor trend forms wave V of our Elliott wave count.

    Impulsive green tide 1 originating from the highs is constituted of a 5 wave down-sequence represented on this chart with lowercase Roman cardinals (I, ii ... v). 3 corrective waves labeled as normal: b, a, c follow the sequence. The a-b-c sequence following wave 1 forms green tide two.

    As we know from the Elliott wave book, spontaneous green wave 3 can be characterized by the strongest momentum of waves and very often appears as the largest wave concerning coated space. It's sub-waves are labeled on this chart with uppercase Roman cardinals (I, II ... V). At the time I am composing this analysis, we find ourselves at closing wave V. At the end of wave V a corrective sequence must begin, comprised of 3 waves a, b, c - corrective sequence that will also coincide with green tide 4 as exhibited on the chart. Our count is cofirmed from both RSI divergences that appear in waves. All these are clear items; the issue arises: where will tide V end specifically will it end below 113.60 ?

    I think not. And my argument is reflected on the chart: to get a continuation lower below 113.50 we'd have had the secondary trendline (2) to hold! If the secondary trendline was broken - though momentum still stays in favour of the bears - that the possibility of a fall below 113.50 becomes highly improbable! Now - with 113.50 based on the sand - we are trying to find a break of minor trendline in order to develop an a-b-c sequence that will choose the price all the way up to the principal trendline resistance.

  4. #4
    hi england. Wonderful thread. How was your trading today? In a little later will pop.

  5. #5
    per week chart. guppy.

    I originally thought that the downward move was impulse, but recently learned that impulse wave has to start with 5 waves in order for impulse tide to be labeled. That makes the whole move can be viewed as ABC.

    Little sub waves labeled abc of C could be labeled I, II, III, IV, V.
    if the count is in reality the later case then the downward side target would be much lower.

    Any other thought, different view, correction, or rely would be much appreciated. thanks.

  6. #6
    I believe the EUR/JPY movement is actually impulsive; I have circled on the chart consolidations that occured at 23.6% and 38.2% of the whole move.
    Also the RSI pattern appears to be Just like the one from 1993, with RSI into over-sold on the monthly. Actually I anticipate consolidaton in the following months involving 113.50 and approximately 135.00 (23.6% marked on the chart).
    Time will inform precisely where we are heading, anyway it's not that helpful for our trading, our difficulty lies more on the intra-day charts. But what's for certain: the 113.50 bottom will be analyzed several times.

  7. #7
    ej per week count. (so far)

    omg. That was eu daily not ej. sorry.

    virtually same count anyway.

  8. #8

  9. #9
    Sweet! I didn't know anybody posted in here. I left thread lol but don't hesitate to post. With trouble getting into it. Thank you for posting guys.

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