Extensions — Hi Ivanhoe. Welcome. You are in the right thread. May I suggest you should study the Elliot Wave Principle - Robert Prechter, or some other reliable source to get the basics down. The short answer is impulse waves extend so one of ...

Elliott Wave Trading

Terminal Diagonals - Big Reversal This Week — I have been busy trading, but dropped in for a visit. I see some big reversal in the counts, many majors - like EUR-USD, are completing terminal diagonals. Swissy also, same with S&P 500, Oil and ...

Elliott Wave Trading

CAD — Hi Barak, Your count is good, nice chart. No problems there. I have preferred the count where CAD has one more impulse up to fit with USD Index, EUR-USD, and others entering a 5th wave. The CAD 3rd looks to be subdividing, i.e. I, II ; ...

Elliott Wave Trading

Expanded Flat? — I don't see it as an ending diagonal. First, it is pointing the wrong way for a wave C; second, it is lacking the right contracting shape. I think it is an expanded flat, where the wave B has dragged quite low. Compare USD-CHF ...

Elliott Wave Trading

EUR/USD - Historic Chart — Back to Euro. Here is a historic chart since 1972 showing the pattern for Euro, so you can see the 30,000 feet view of this pair, and sense where this cycle is going. Ponder the chart, it is full of lessons older ...

EURUSD

let your politicians know that war is not an option — Did not mean to imply that Russia would attack in North America. The scenario is that Israel needs to take out Iran before Nukes are ready to wipe out Israel. Russia and China have formed a ...

EURUSD

Nice Short Trade — Just closed my EUR short trade for 322 pips, to step aside at the turn from the Triangle wave E high, to the end of wave 1 of 5 down. I could trade the 200 pip correction, it should retrace 50-60%, but I only like going with ...

EURUSD

Elliott Wave Free Online Resources — Read everything you can. There are many free resources. And practice counts on charts. It takes a great amount of practice to learn, and much experience to sense when you have a too many viable counts to ...

Elliott Wave Trading

S&P Plan Alternatives - for the Week of Nov 10 — I have tried my best to point out the three scenarios I give the highest probabilities as of now. As part of the triangle Scenario A points down after a little pop to the upside. Scenario B ...

Wall Street close watch

Cable in a triangle as well — Hi Pipeye, I do not normally trade Cable, so my charts are not kept 'in tune'. I only look at EUR/USD, oil, S&P, as swing trades, mid term. But I gave it a quick evaluation. I see GBP in a triangle as well, wave A ...

Elliott Wave Trading

EURO Triangle may complete wave E tonight. — As expected, a bearish contracting triangle formed as wave 4 in EUR/USD over the past 4 weeks, and it is reaching an optimum trade entry with the near completion of wave E. Aggressive traders can ...

Elliott Wave Trading

EUR Triangle — As expected, a bearish contracting triangle formed as wave 4 in EUR/USD over the past 4 weeks, and it is reaching an optimum trade entry with the near completion of wave E. Aggressive traders can enter within the red-dashed box ...

EURUSD

Fear trumps all — Emotions, (Fear/greed), move prices, and fear trumps all else when it is wide spread. News/fundamentals do not move markets, at best they add some catalyst or fuel to trends that were already in place. Frank, try trading day ...

I dont understand market reactions past few months

Japan demographics and stocks — Here is a chart of the Japan spender/saver ratio over the Nikkei Note to explain chart basis as it applies to stocks. file image

Japan: low rates = stock slump?

Oil 10 years — Hi VS, I have oil back to 1859, but not very interesting until 1998. image

Oil Trades and outlook

Japan boom and bust — The key to understanding Japan's flat 18 years are the loose credit conditions and demographic peak that created their asset bubbles. I can review my trade journals from the mid 80's and recall making big money (50-100%+ ...

Japan: low rates = stock slump?

Excellence — Excellent chart counts Unicorn. Clean and detailed. This 4th wave could end with a move higher above 1.33 to complete a flat, or it can move down to continue the triangle wave D. It is good practice to consider the ALT ...

Elliott Wave Trading

Fibo .786 — .786 is common in triangles to have the right slope. It is more useful to me than .50, which is not a Fibo number. It can move up to about .80 and down several points without much concern. Keep in mind that wave structure is ...

Elliott Wave Trading

Commodity trading using MT4 — Try these two: url url Both offer most or all of what you asked for using MT4.

trading platform for commodities

Distorted - sideways, and overlapping. — That leg of Eur/Usd is hard to count. Sometimes the best thing is to treat it like a puzzle and work along the outer frame to put the pieces in that you recognize. Another approach is to use trend lines ...

Elliott Wave Trading