Good heavens, the stock mania is so intense! Indices are thundering to new highs all over the place. This has gotta end badly. edit: looks like EU has stepped in the elevator - now which button is it going to press?

Elliott wave outlook

good to smile often Seems the tide is turning to risk-on again: DJI and S&P rising to new highs, USD index about to turn down, central banks escalating their shenanigans, etc, etc. I would expect that soon we may have a return of uptrends in the ...

Elliott wave outlook

I set mine up in 3 easy steps: 1. study Elliott Wave Principle 2. practice 3. learn from my friends Rinse & repeat. Only joking, Chemist. I am not aware of anyone here who really uses an EW oscillator. EW is a principle of market behaviour and ...

Elliott wave outlook

following today's PA has been very much like watching paint dry... glad to see MiGS was able to at least squeeze some profit out of it

Elliott wave outlook

Strictly sideways. Not sure what to expect from the US session. Could get volatile if the media scared US participants over the weekend with sequestration meltdown, or else more of the same on Lake Placid... Enjoy the new office

Elliott wave outlook

Buddha knows I am careful to give trading advice because if things go wrong I look the fool and I have caused bad luck and resentment. Check what others say, but it seems logical to hedge using another USD pair, like EU or GU or USDCAD. EU has ...

Elliott wave outlook

Wave 5 of ((1)) fell short of my target by a couple of hundred points. No problem, because wave ((2)) retraced a perfect Fibonacci 61.8% of the entire decline. Should this count be correct then we can expect to see the impulse down unfold as shown ...

South Africa 40 index

emirler, Great charts. Like the pictures and your RSI settings Edit: didn't say the obvious: lots of Fibonacci levels inspire confidence

Elliott wave outlook

Sounds good. Remember to watch your MACD and RSI for divergence as you approach the target

Elliott wave outlook

Not sure... some people have gold in wave 3, some in wave 5 - at least one more impulse down (after the current correction) is a safe bet.

Elliott wave outlook

I've never liked trading EU and have consistently gotten myself into big "trade-myself-into-a-corner" doo-doo whenever I come near this pair. Except this time - when I dicovered this thread and saw the bearish EU counts posted here I was like OK, ...

Elliott wave outlook

careful today - VIX is spiking up - lots of whipsaw i wonder if this would be a good time to go exchange that old 5euro note for dollars?

Elliott wave outlook

Practice for sure. I also think that there is a lot to be said for the skill and insight of individual counters (like on this forum thread) because the guys who work for massive companies have to toe a line and don't neccesarily call it what it is. ...

Elliott wave outlook

CG, there is certainly a lot of technical trading happening in this pair. Look how it sticks to trendlines and jumps between channels. But the waves are choppy and their relationships are disfunctional. The corrections are non-descipt and either ...

Elliott wave outlook

Cross, its a must-have for every Elliottician: "Elliott Wave Principle" by Frost & Prechter You can buy it from elliottwave.com. I've had my copy for 2 years now and I look at it more and more everyday.

Elliott wave outlook

Yes, I'm looking at waves 3 to 5 on your chart and they are so zig-zaggy... I detest that: you want to get in but it looks so much like ongoing correction that you hold back and wait for a clear sign. Time passes and eventually you realize a bigger ...

Elliott wave outlook

"take what you can - give nothing back!" image

Elliott wave outlook

Some words of caution are always welcome. The DJI has not got a confirmed top in. If it perhaps has topped it is far from having completed a 61.8% wave 2 retracement. The S&P is hanging around like a bad smell and not going anywhere. Should these ...

Elliott wave outlook