Elliott Wave

[dlynch82]

I usually don't follow this pair but I am seeing a beautifull wave count on the EUR/CHF pair that I think will set up a nice trade for next week.

The pair started this wave count on 3/4/07. We are currently in a 4th wave correction and it looks to be starting a 5 wave C down to I believe around 1.6290-6300. That would make wave C= wave A of the correction and also falls at the .382 retracement of wave 3. Wave 2 retraced .618 of wave 1 so wave 4 tends to retrace .382 +-. Also if wave 4 ends at the projected 1.6290-6300 that will make waves 2 and 4 about equal. It's like magic the way this stuff falls together sometimes. Now we just have to wait and see if I am right.

[dlynch82]

For whatever reason when I inserted the above chart in the post above it put this same chart in the rest of the threads charts???

[dlynch82]

Ok, I finally have esignal but now I have to figure out if I can get charts onto this thread. Anyway I think gbp/jpy is in the final stages of a 4th wave triangle correction and we should be set for a wave 5 up to finish out extended wave III as soon as wave e is done on the triangle. I know, I know a picture is worth a thousand words I'm working on it.

[dlynch82]

OK, If anyone reading this knows how I might be able to get esignal charts pasted into this forum please let me know. Thanks.

[dlynch82]

Get ready folks, I think tonight is the night the corrections are over and we will be back in impulse mode tomorrow. Cross your fingers

[phams0]

wow...i didnt even noticed the triangle...hehe...youre good
i didnt trade this pair for the past few days... wasnt sure what it was doing... but now that i see the ascending triangle...i think i will be making some money again..hehe

[dlynch82]

These 4th waves are brutal sometimes. As soon as you think they are over they throw in another curveball. But I think the GY pair is finally going higher if not today then definitly early next week. Good Luck.

[dlynch82]

Phams0 it looks like wave 5 is in full swing as advertised. It looks like it's just me and you in this thread so read that book I mentioned and we'll make some money.

[phams0]

yea...doesnt matter... i think more people will come when they see the results...hehe.. i caught a bit of the 5th wave when it broke out of the triangle...$$...hehe...still didnt get the book...but it on my "to do" pile...hopefully i can get it soon...so i can give some real contribution to this thread...
ok good luck

[phams0]

hey...i was just doing some calculations on wave 5 target...
earlier i think you said the target for wave 5 will be around 241.47 assuming wave 5 and wave 1 behave similarly
but when i calculated...i got a target around 243.82 (235.20 + 8.62)
and if i do the fib extension... 8.62 x 2.618 = 22.56 and 22.56 + 221.05 = 243.62
my wave 1 is from 221.05-229.67 (difference is 8.62)
hehe...im hope im doing the calculations correctly
good luck