3 Elliott rules — The rule is that: the 3rd wave can never be the shortest impulse wave compared to 1 or 5. There are only 3 rules: wave 2 NEVER goes beyond the start of wave 1 wave 4 NEVER overlaps wave 1 wave 3 is NEVER the shortest impulse ...

Elliott Wave Trading

EURO wave (V) is underway as a diagonal triangle termination. — Now EURO has fallen below 1.4571 that represented the w.c triangle leg low, the prospect of a contracting triangle is broken/eliminated. It now becomes a terminal diagonal ...

Elliott Wave Trading

Welcome — Nice chart, Grega. Perfectly clear for all 2008 in a nutshell. We have a nice short trade coming up when w.E is in place. Could take the intra-day long from w.D up to w.E for 150 pips, but it is counter-trend and at the turning ...

Elliott Wave Trading

Euro Wave (IV) triangle completing wave d --> e — EUR/USD is in a contracting triangle this appears self evident now. Wave D is near a bottom around 1.4615 range in the .786 fibo area, and could head up higher to form w.E to complete larger ...

Elliott Wave Trading

Diamond Pattern = Elliot Entry on C wave end. — Nice call marketwavez. Were you able to trade Cable? That setup is a classic. As long as we recognize a diamond pattern for what it is in Elliot, so that we can count and reason the likely next ...

Elliott Wave Trading

Fibo Fractal trend lines and Elliot — This chart speaks to me, so I thought I would share it. There are some interesting trend lines, and fibo/fractal geometry in EUR/USD. Notice how price action climbs the red lines, then breaks on the 4th ...

Elliott Wave Trading

Following the count in EUR — I could be wrong, but I believe you are missing a 5 wave extension in the EUR fall that makes up the steepest part of w.3 Which means that an intermediate w.4 and 5 followed your w.3 in the same degree. The result ...

Elliott Wave Trading

Euro counts — While the triangle alternative has come into focus, I cannot rule out the large C wave up to complete w.4. After this mornings unexpected 3-wave decline in EUR/USD, where it narrowly missed dipping into to low to have an impulse ...

Elliott Wave Trading

EURO Juncture — I am at a crossroads with EURO alternate counts. I was favoring the completion of large w.(4) of C up above 1.5000 - but the waves make me question that now, and favor two possibilities with 3 counts - both are triangles. ...

Elliott Wave Trading

Upload tutorial — Thanks for the instruction on posting charts, I forgot how, appreciate the reminder that it can be done within FF tools.

Elliott Wave Trading

Where is the acceleration in w.3 of C ? — Think you are right on this call. Looks like w.1 of C started at Tuesdays low of 1.4571 and completed the first leg up at 1.4778, then dropped to a w.2 low of 1.4666, and is now working on the last ...

Elliott Wave Trading

EURO bottom This Week? — Yes, I think you have it nailed. Like Blue Bottle's chart showing the end of a large C from the 1.6037 high in EUR/USD, coming to an end soon. I am counting w.iv of 5 of (V) about half complete, likely done before ...

Elliott Wave Trading

Best Elliot Wave = 3 — I prefer wave 3, then 5, then C in that order. w.1 paves the way by showing a 5 impulse, so you know which way the trend is in that time frame. Wave 2 is the setup, after I count 5, then 3 correction, I am in the zone to ...

Elliott Wave Trading

Elliot Improvement on Head & Shoulders 56% odds — Good call on the Head & Shoulders pattern in H4 chart. I saw your other post. H&S is the top ranked pattern by Bolkowski, but yet just has a 56% chance of meeting its price target. That is ...

Elliott Wave Trading

CAD entry — I like your chart on CAD, looks like a good entry plan. I drilled down to count the wave in micro level, and see A complete as a flat 3-3-5, then a 3 up for B is done, and C is hard to tell, there was a data feed problem in the ...

Elliott Wave Trading

Yee Hah! — 1.4700 --> 1.4600 100 pips in 12 minutes, and out. nice. German news was not well received, and EW waves were about to go down any how.

Elliott Wave Trading

Wave 3 down for Euro/usd — EUR/USD appears to have favored the downside completion of wave (V). A top may be in on w.(IV) at 1.4907, and w.1 down did turn higher last night at 1.4695 as predicted for 100 pip move up to put in w.2 top. Today ...

Elliott Wave Trading

EURO starting w.2 of V — The Euro drop is taking shape. Impulse wave 1 of (V) is just complete around 1.4695. That should be followed this hour by an A-B-C for w.2 to around 1.4790 where previous w.4 low was. The better move will be to watch ...

Elliott Wave EUR/USD

Eur turn up — EUR/USD looks like it has a top in for wave (IV), and is finishing the last dozen pips on impulse wave 1 or (V) ending around 1.4690 - 95 May take a long on the correction up, with a target 2 at 1.4790, target 1 is to bank some ...

Elliott Wave Trading

Gold and EUR — Watch the wave counts in Gold for clues on turns, as the correlation is 90% and gold is leading the dance right now. Oil is also near 90%, and together they drive markets. So if the Russia bear puts it's paw on the pipelines in ...

Elliott Wave EUR/USD