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MeInGraySuit replied Nov 6, 2012I think we are done, Luis. Wave 5 will be the European big boys to push euro down and reverse positions and then BOOM! Wave 5 might even be truncated! What do you think?
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012Should be wave 5. After 5 we shoot straight up.
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012Yes that is my current target with my long. Momentum is strong with an Obama win which it looks like he will which might extend it up to .2875
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012Well I am putting on a short limit at .2875 with a 15pip stop at .2890, because if it is wave 4 it can't go above .28812 or it will be invalidated. If it does then it is wave B and I have only lost 15 pips. But if it beginning wave 5 then I have ...
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012By the way got back in Long and am making up my lose. Knew it was coming I just thought it would take off sooner
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012If it gets up to .2870-75 I am going to load up to short!
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012Euro can go up to 1.2881 without invalidating wave 4. Is that what you guys have?
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012It is so close but yes that is what the consensus is, Ohio probably will decide. It is so misleading because the media has their own agenda to get viewers so sometimes you wonder what is true and what is not because the media distorts so many ...
Elliott wave outlook
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MeInGraySuit replied Nov 6, 2012Good job! I took mine off prematurely, with only 125 pips. Can't complain.
Elliott wave outlook
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MeInGraySuit replied Nov 5, 2012Unfortunately you have to study all time frames to determine waves. I don't usually go down to 1 min but 5 min and above. If I can't figure what is going on at the 5 min level I go to the 15 min level and if the 15 min level is inconclusive then the ...
Elliott wave outlook
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MeInGraySuit replied Nov 5, 2012I too use BBands along with EW. You are right EW is confusing at times but it has rules to be followed. I have been trading 8 years now and EW by far is the best leading indicator that I have found. It works for me. Might not work for all but then ...
Elliott wave outlook