My Refined Elliot Trader software recommendations.. - page 3
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Extensive Elliott Commentary for USDJPY240 (Hourly) at 08:00 18-Jun-2007 with one incomplete pattern:
Wave Y of the Primary degree inverted Double Zigzag with a rating of 95 is expected to complete in the price range 125.76 to 127.54, but more probably between 126.19 and 126.74. This wave is most likely to complete sometime between 08:00 04-Jul-2007 and 00:00 07-Jul-2007 Note that it cannot complete until 00:00 22-Jun-2007 but must complete by 16:00 14-Jul-2007.
Wave Y will probably complete this Double Sharp pattern, although it could possibly extend into a Triple Sharp pattern.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 18-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 26, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern
2m and 4h gbp
Extensive Elliott Commentary for EURUSD240 (Hourly) at 04:00 19-Jun-2007 with one incomplete pattern:
Wave Y of the Primary degree inverted Double Zigzag with a rating of 102.2 is expected to complete in the price range 1.3976 to 1.5387, but more probably between 1.4057 and 1.4796. This wave is most likely to complete sometime between 04:00 14-Aug-2007 and 12:00 15-Jan-2008 Note that it cannot complete until 00:00 06-Jul-2007 but must complete by 16:00 13-Mar-2008.
Wave Y will probably complete this Double Sharp pattern, although it could possibly extend into a Triple Sharp pattern.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 19-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 26, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern
Current Trading Positions for GBPUSD240 (GBPUSD240) Hourly at 08:00 19-Jun-2007
* A Primary degree trader (hold positions from months to years), would currently be trading long in this market. The probability of this Target Area being correct is 78.1%. However, the random probability of this Target Area being correct is 64.0%. So the true probability of this Target Area being correct is 22.0% better than random.
Extensive Elliott Commentary for GBPUSD240 (Hourly) at 08:00 19-Jun-2007 with one incomplete pattern:
Wave D of the Primary degree Contracting Triangle with a rating of 163.7 is expected to complete in the price range 1.9906 to 2.0131, but more probably between 1.9972 and 2.0115. This wave could complete anytime between now and 05:00 05-Dec-2007, but is most likely to complete sometime between 22:00 21-Jun-2007 and 21:00 28-Jul-2007.
Once this wave D is complete, expect the market to continue down to the end of wave E, which will most probably be a ZigZag family pattern or possibly a Contracting Triangle. Expect wave E to have between 40% and 70% of the price range of wave C and complete in 27% to 106% of the time taken by wave C. Expect also that wave E will have between 26% and 56% of the price range of wave A and complete in 14% to 66% of the time taken by wave A. The slope (ie. price range divided by time taken) of wave E should be between 58% and 209% of the slope of wave C and between 76% to 307% of the slope of wave A. Wave E will complete this Contracting Triangle.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 19-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 30, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern
Current Trading Positions for GBPUSD240 (GBPUSD240) Hourly at 08:00 19-Jun-2007
* A Primary degree trader (hold positions from months to years), would currently be trading long in this market. The probability of this Target Area being correct is 78.1%. However, the random probability of this Target Area being correct is 64.0%. So the true probability of this Target Area being correct is 22.0% better than random.
Extensive Elliott Commentary for GBPUSD240 (Hourly) at 08:00 19-Jun-2007 with one incomplete pattern:
Wave D of the Primary degree Contracting Triangle with a rating of 163.7 is expected to complete in the price range 1.9906 to 2.0131, but more probably between 1.9972 and 2.0115. This wave could complete anytime between now and 05:00 05-Dec-2007, but is most likely to complete sometime between 22:00 21-Jun-2007 and 21:00 28-Jul-2007.
Once this wave D is complete, expect the market to continue down to the end of wave E, which will most probably be a ZigZag family pattern or possibly a Contracting Triangle. Expect wave E to have between 40% and 70% of the price range of wave C and complete in 27% to 106% of the time taken by wave C. Expect also that wave E will have between 26% and 56% of the price range of wave A and complete in 14% to 66% of the time taken by wave A. The slope (ie. price range divided by time taken) of wave E should be between 58% and 209% of the slope of wave C and between 76% to 307% of the slope of wave A. Wave E will complete this Contracting Triangle.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 19-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 30, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any PatternPlease post indicator you are using then,...
thanks bubble thats a new one on me, I will read them later
here is what I see today 15 min chart
before I leave for today I will stick my neck out and show why I took this trade
Extensive Elliott Commentary for AUDUSD60 (Hourly) at 17:00 19-Jun-2007 with two incomplete patterns:
Wave (3) of the Intermediate degree Impulse with a rating of 98.9 is expected to complete in the price range .8549 to .9711, but more probably between .8668 and .8999. This wave could complete anytime between now and 19:00 25-Aug-2007, but is most likely to complete sometime between 10:00 22-Jun-2007 and 00:00 18-Jul-2007.
When complete, expect the overall slope (ie. price range divided by time taken) of this wave (3) to be between 63% to 177% of the slope of wave (1). Then expect the market to pull back into wave (4), which will be corrective in nature and has a probability of 65% of being a Flat or other sideways pattern. Wave (4) should not retrace back into the price range of wave (1) or (2). Expect wave (4) to have between 63% - 176% of the price range of wave (2). The expected time for wave (4) to complete is between 30% - 188% of wave (2). After wave (4), expect wave (5) to move beyond the end of wave (3) to complete this Impulse.
Wave 3 of the Primary degree Impulse with a rating of 91.3 is expected to complete in the price range .8507 to 1.0352, but more probably between .8805 and .9439. This wave could complete anytime between now and 17:00 13-Apr-2008, but is most likely to complete sometime between 08:00 07-Jul-2007 and 18:00 08-Nov-2007.
When complete, expect the overall slope (ie. price range divided by time taken) of this wave 3 to be between 63% to 177% of the slope of wave 1. Then expect the market to pull back into wave 4, which will be corrective in nature and has a probability of 65% of being a Flat or other sideways pattern. Wave 4 should not retrace back into the price range of wave 1 or 2. Expect wave 4 to have between 63% - 176% of the price range of wave 2. The expected time for wave 4 to complete is between 30% - 188% of wave 2. After wave 4, expect wave 5 to move beyond the end of wave 3 to complete this Impulse.
Current Analysis Settings:
Analysis Date Range: 02-Feb-2007 to 19-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 13, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern
I am not one for making negative comments but you should be aware the creator of this software used for these forecasts Richard Swannel has been prosecuted by the CFTC in the USA and the equivalent body in Australia .
google his name or check these links out
http://www.cftc.gov/opa/enf03/opa4789-03.htm
http://www.quatloos.com/forex_richard_swannell.htm
http://www.trade2win.com/boards/archive/index.php/t-12206.htmlthanx for the info bubble.. i only use the software for wave counting.. so far the results are quite impressive..
before I leave for today I will stick my neck out and show why I took this trade
Hi Foreverold, could you point me to what indicators you're using on your charts? They look pretty interesting...
Thanks