Choosen Banks — If it is not obvious to you, JP Morgan is chosen as the new king of American banking, destined to absorb more than Bear Stearns and WaMu. The other is Goldman, the clues are Paulson having 650,000 warrants, and Warren Buffet ...

$700B Bailout Plan Discussions...

this can't fail — After this fiasco is enacted, and ultimately fails, it will make an excellent Michael Moore documentary. I cannot wait to see behind the closed doors how JP and other bankers are looting the system, and the leaders get rich ...

$700B Bailout Plan Discussions...

25 bps cut in September? — Rate drop is good for Wall St and credit market debt, but not for USD. I think Bernanke will drop 25 bps next week, ahead of FOMC meeting. Something to factor into your trade plan.

EURUSD

Gold targets — Where do you see Gold going? Dow you have any targets or support zones?

Elliott Wave Trading

The Deal is dead.

$700B Bailout Plan Discussions...

Golden chart — Good chart, thanks. I agree that the degree of Gold correction goes back to 1999, so it is large, not intermediate. The large w.B is likely where are at now, with a new low in w.C months down the road. $600 is my target for an ...

Elliott Wave Trading

3 correction — Think we can count three completing in Euro now. Entry long is near. However, I would wait for a hold near 1.4630 and the turn up, because 2 is very deep. Risk is at 1.4602, if it goes that far, the count is wrong, and step ...

Elliott Wave Trading

Eur going higher — A small 5 impulse is just completing in EUR, will look for entry long after a 3 wave correction, around 1.4695. It should keep going up, but caution NY opening for news.

Elliott Wave Trading

How to start a count — That is a good question, it is the kernel of Elliott skills. It depends on the trader, so others may do it a different way. By all means speak up, anyone. In summary, I look for certain distinguishing or unique patterns, ...

Elliott Wave Trading

Not really — There are turning points at times, this is one of them for me. Another trader could say I'm long until 1.5500. My style is conservative because I trade a large capital base, my priority is preservation of capital, profits come ...

Elliott Wave Trading

Heart Impulse Waves — Yes, good impulse wave remind me of a heart beat shape. Our designer shows clues that math and fractals are in all His creations. I would love to hear what you find on heart impulses - summary or article links? Please let ...

Elliott Wave Trading

EUR Crossroad — Great question. We at the crossroads now. With the past 2 week rally still in 3 waves, it could be either: A-B-C as part of intermediate w.4 of large w.C (or) 1-2-3 as part of large w.5I got out at 1.4800 with 670pips to see ...

Elliott Wave Trading

EUR Elliot — Looks like you got it. Nice to start on the monthly to get your bearings and foundation correct, otherwise it get harder in smaller time frames. Both charts are good. I support your first chart, and am looking for wave 5 up, if 4 ...

Elliott Wave Trading

Good idea — Nice to see a civil discussion, with respect for other views. Keep it up!

Why Indicators will help you

CAD — Blue, there is a good weekly CAD chart showing a large triangle and support level around 1.2050 - look in the news section from James Chen. url A triangle would suggest a bounce to complete wave E, before crashing down to test a new ...

Elliott Wave Trading

The most childish thread on Forex Factory — Are you threatening me? I see your games, and have no desire to play "bash everyone that does not see things my way". I'll take the high road and leave your miserable rantings. This is not a ...

Why Indicators will fail you

Fibo 61.8 Worked — ....and I entered at fibonacci retracement at .618, just to prove that Steelhead is his name for a reason. You saw it here in this thread live. Did you ever post your trades? Fibo is fractal mathematics. It is present in our ...

Why Indicators will fail you

Elliott WAVE for 670 pips in 4 days — Now, after 4 days in that trade, I exited last night from that one trade, at 1.4803 670 pips banked. My method. Elliott wave.

Why Indicators will fail you

Neely Euro charts — Also a Neely student. I trade EUR/USD mainly.

Neowave and Glenn Neely

Time — Hi Doji, thanks for the question. Time/Price estimates are based on the Elliott guideline of Equality. In this chart case we know we have a correction, it it began with 5 motive waves down, connected by a 3 wave correction, and finished ...

Elliott Wave Trading