Oil Elliott Chart — I have re-examined the Oil chart wave 2 zig-zag, and have come up with the following count. Based on equality, 61.8 fibo, dynamic trend channel, and previous wave iv of 3, the confluence is around $87 and the time is around ...

Elliott Wave Trading

Mixed counts — Blue, your Yen chart wave 1 should be labeled 1-5, if it is an impulse. Or, in 3: counts if you see that as an A down, then 2 would be B.

Elliott Wave Trading

Trade action — I'll put my money on the line, trading my method. I'll buy EUR/USD right now @ 1.4133 long the time on MT4 is Sept 17 5:11 pm. Then we can examine the method later.

Why Indicators will fail you

Enlighten Me — Really? You advocate going against the trend? Or picking tops and bottoms? I would like to hear how you do that? (apart from picking trades from yesterdays charts)

Why Indicators will fail you

S&R as a technical indicator — Sarchin - thanks for the Fed article reviewing S&R. Osler correctly categorizes S&R as a technical indicator. S&R lines are often formed by Fibonacci, so to destroy the credibility of Fibo undermines your ...

Why Indicators will fail you

Nothing New — I agree that compounding is magic, and the most powerful force on this planet. Reminds me of Long Term Capital Management. Pulitzer prize winning genius economists that form an EA that was designed to make shareholders wealthy. ...

My money management (advanced)

Show me the money — Interesting thread, Steelhead. While I agree with your main premise that technical indicators are best as confirmation tools - not as decision makers, I have yet to understand what you do promote? Perhaps show me real-time ...

Why Indicators will fail you

Cycles are not random — Cycles are not random, there are definite relationships for the ebb and flow of socioeconomic markets. I trade using cycles, I count trends in 5 waves, and corrections in 3 wave patterns. I was able to say on Thursday ...

Poll: Are trends rooted in randomness?

Truth is about to be known — The failure of Lehman would send a shock wave that would hurt confidence in US Institutions. It could be a meltdown on Equities, which was expected and in the cards for eight years, so no surprise, other than how ...

Wall Street prepares for bankruptcy - CNBC

Long Term trends — For EUR/USD - I start the day by looking at the weekly chart to see the big picture, since that is what rules the smaller time frames. It is just a good idea to be reminded about where the market is at to neutralize bias. I ...

Poll, Have the long term trends changed?

How do you define LONG term? — It depends how one defines "long" term trend. For many, they are thinking what they can see on a 1 hour chart, others in a daily. Personally, my forex interpretation of LONG is seen in a MONTHLY chart, or at ...

Poll, Have the long term trends changed?

ZERO TAX Offshore — Why move from where you live (unless night trading is too tiring), when you can move your capital into and offshore forex trading company. Trading forex through an International Business Company in Belize, BVI, and Panama ...

How is forex trading taxed in your country?

Confirmed turn — I can count a 5-wave turn on Euro this morning - and it is impulsive! This means the favored count where large wave (4) is complete at 1.3880, begins a return to the larger trend, and wave (5). There is an alternate that the ...

Elliott Wave Trading

Major turns due soon? — Does anyone have an Elliott based read on the USD strength as it relates to a turn in forex pairs? Did Euro find support finally at 1.3880? Is 1.1417 the top for Swissy?

Elliott Wave Trading

Count 1 2 3 4 5 — Hey, Blue... Can you count 5 waves down in 1? and in 3? I can see 3 waves in 1, and it ends with a steep move like a w.3, but without w.4-5?? 3 is not the normal form with visible corrections and a step move in the middle. A ...

Elliott Wave Trading

Euro Elliott waves — Excellent charts and Elliott analysis FXO. The USD strength is just a corrective cycle, no big change of trend. Oil and Euro should be near completion of the large C wave, and ready to start wave (V) up again. Do you have ...

Elliott Wave EUR/USD

Why fundamentals? — I understand the argument against technical analysis, and have no interest to belabor that concept. What I am missing is any logical argument why fundamental analysis is any better? Can anyone give me something stronger ...

Fundamental Analysis

Euro Wave V about to begin? — Agree, Blue, we are completing larger W.4 of (V) - but cannot confirm completion of w.4 yet? Prices action is still moving higher/sideways. Possible triangle? The mood should be ripe for completing the final waves ...

Elliott Wave Trading

Where is the fallacy? — Is this thread still of the mind that fundamentals move markets? Or did you talk yourself out of that, even fundamentals cannot be relied upon?

Technical Analysis Fallacy

Elliot Wave Tutorial - Reference — Anyone with the interest can get a free online Elliott tutorial here: http://www.elliottwave.com/tutorial/ A trader should really buy the Robert Prechter/Frost book Elliott Wave Principles, before making ...

Elliott Wave Trading