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Thread: Andrews Pitchfork + Elliot Wave Analyse

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    Default Andrews Pitchfork + Elliot Wave Analyse

    Trading by technique AP+EWA.
    By this technique, we determine possible trend direction using Ellot Wave Analyse, filtering wrong versions using Andrews Pitchfork.
    Last edited by mvusal; 10-09-2008 at 05:03 PM.

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    Default eur/usd: Is it the end of downtrend? Or pair will continue falling?

    What we see in 4h timeframe, looks like Wedge. It may be:

    - First wave of new uptrend;
    - First wave of A-B-C correction.

    But if it is not Wedge (nothing is excluded in Forex), then may be

    - W-X-Y correction (triple Zigzag)
    - First wave of complex W-X-Y correction
    Attached Thumbnails Attached Thumbnails eurusd  h4  09.10.08.jpg   eurusd  h1  09.10.08.jpg  
    Last edited by mvusal; 10-09-2008 at 04:58 PM.

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    Default

    Attemt for "academic'' marking: possuble evolution of double zigzag (W-X-Y) is not excluded
    Attached Thumbnails Attached Thumbnails eurusd  m15 09.10.08.jpg  

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    Default gbpusd: to be continued?

    As we know, marking incomplete wave patterns is very hard.
    But initial marking points that, downtrend by pair gbpusd may be continued
    Attached Thumbnails Attached Thumbnails gbpusd h1 10.10.08.jpg  

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    Default

    Local correction is over and downtrend recovered.

    First aim for downtrend is mediana of Pitchfork by minuette level (blue line)
    Attached Thumbnails Attached Thumbnails eurusd  m15 10.10.08.jpg  

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    Default Downtrend recommences?

    Still don't exclude that uptrend may be resumed. But probability shifts to downtrend's side.
    Attached Thumbnails Attached Thumbnails eurusd  m15 15.10.08 - variant i.jpg  

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    Default

    Compare, please, these two pictures: yesterday and today
    Attached Thumbnails Attached Thumbnails eurusd  m15 16.10.08 - today.jpg  

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    Default

    There are two possible versions how price will move in nearest future.

    Version 1:

    - Downtrend will resume as impulse (1)-(2)-(3)-(4)-(5) minuette level. Now we are at v of (5).
    Attached Thumbnails Attached Thumbnails eurusd  m15 - 16.10.08 variant 1.jpg  

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    Default

    ...And version 2:

    - Correction a-b-c actually completed. And wave 3 to up is expected.
    Attached Thumbnails Attached Thumbnails eurusd  m15 - 16.10.08 variant 2.jpg  

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    Default

    I`ve made my choise for variant 1:
    Correction (wave iv subminuette) unfolded as horizontal triangle. Probably, now wave v will go down.
    Attached Thumbnails Attached Thumbnails eurusd  m15 - 17.10.08 variant 1.jpg  
    Last edited by mvusal; 10-17-2008 at 07:14 PM.

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    Default

    gbpusd:
    by 1st version, third wave of correction a-b-c subminuette (simple zigzag) now comes up.
    (details are on the chart)

    (bu alternative version, correction may be already over)
    Attached Thumbnails Attached Thumbnails gbpusd m15 - 07.10.08 variant 1.jpg  
    Last edited by mvusal; 10-17-2008 at 07:14 PM.

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    Default

    thank you good work

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