Here is my big picture...

Elliot Wave Analysis

Hi Hans and Merka, when we start digging into smaller time frame in elliott wave, we sometimes tend to forget the big picture as you see so many charts, people will get confused. I used to do only daily charts and sometimes 4h swings but some of you ...

Elliot Wave Analysis

oooops ... too late

Elliot Wave Analysis

this is the chart blurbear is thinking i assume.

Elliot Wave Analysis

Nasdaq and S&P are still going up .. which means dollar index will g o down for a bit to finish of wave c in eur/usd. I am not totally confident but on one hour EU has a couple of bottoms .. so let's see . i will still wait for wave c to sell on ...

Elliot Wave Analysis

Eur/usd 1 hr. 3 waves down is complete. now waiting for this 4th wave to complete. presumably a nd b waves are over. now waiting for a push up for c wave and then down again for a 5 wave decline for the 5th and final wave before a correction. here ...

Elliot Wave Analysis

Hi Merka, On 2nd march, which is a Tuesday COT reports 222,655 long contracts and 96,667 short contracts. Here in this week the non commercials has reduced 5846 contracts in the long side. (each contract is worth millions of dollars) and on the ...

Elliot Wave Analysis

Notice the difference between the numbers in the last 4 weeks .. Hope i have made some sense with my 2 cents .. if i can be of any more use, let me know.

Elliot Wave Analysis

On tradingview .. here is what i check for bonds and yields if you notice from the graphic representaion, bonds are buying and yields are selling, this is a clear indication that the currency is at least in short term going down. you need yields to ...

Elliot Wave Analysis

This is an average sentiment of traders in most of the famous brokers across the globe ... if you notice, price is being brought down and most of the retail herd is buying in the recent past.

Elliot Wave Analysis

This is a graphical representation of euro futures from legacy report. In this you can notice the net positions of non commercial, commercials and non reportables. i have removed the non reportables line by clicking on the non rept legend . so i ...

Elliot Wave Analysis

Here we are interested in non-commercial traders activity only .... In the report given by pips4life, he has chosen the TIFF report which is next to legacy, that report further divides it to asset managers, hedge funds, dealers and swap traders and ...

Elliot Wave Analysis

Tradingster.com gives a lot of information for almost all assets in forex, commodities, indices and you name it. They also have graphical presentation as you would have noticed if you scroll down ( as shown here in pips4life's post). I am sure most ...

Elliot Wave Analysis

[quote=pips4life;13471682] Hi stringfx, Kudos to you because you nailed it. Although EURUSD initially went up at market open this past week, that was a retrace after which it went significantly down (and you said to go short too, or at least not go ...

Elliot Wave Analysis

There is "no one answer" for that question i am afraid. it's probability. I usually have fib targets. the usual target for 4th wave is 38.2 % of wave 3. sometimes it goes to 50% as well. Rarely above that. Also rarely if the bullish pressure is very ...

Elliot Wave Analysis

IMHO, i feel on a daily time frame, DXY is on a correction mode going up. Expecting a major ABC where this is the A leg and soon we should get a reversal for a B wave and then a bounce up for C wave which is the wave 2 major on DXY. Similarly on ...

Elliot Wave Analysis

When there is a strong trend the counter trend moves will be very weak, however for liquidity's sake and to get more institutional sellers, there will have to be some buying (maybe fake outs). Friday is generally a day for that kind of PA (if you ...

Elliot Wave Analysis

Good morning folks ! There was not a lot to report yesterday, it was a slow grind down to 3rd wave targets at 161.8 % exactly on the 1 hr chart. Now we will slowly go up on the 4th wave to 38.2 % or 1.1833 (+ or - but mostly +) after which we should ...

Elliot Wave Analysis

around 35 pips more (1.1868) will be the daily range for eur/usd. Probably might reach there and then tank. It also could be the volatility when powell and yellen speaks in a couple of hours. I have a pending order to sell at that point.

Elliot Wave Analysis