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GDX Quad-Timescale Oscillators Agree Elliott B-wave of (2) downWe're at a great juncture on GDX for illustrating how Fractal Resonance Oscillators can help confirm a particular Elliott-wave structure. This is Avi Gilburt's primary count on elliottwavetrader.net and (for now) it perfectly matches the oscillator states across all 8 timescales. Notice the upcross on 15-minute oscillators coincident with the little bounce at end of day Friday. Simultaneously, the 4-hour oscillator finally registered a downcross sell. It's VERY common to see these simultaneous opposing peaks on oscillators ~4 rows or 16x apart. We trade this with an immediate scalp buy but are ready to sell more heavily on next 15-30min overbought downcross and then buy even more heavily as 4-hour becomes oversold. This kind of scalping along the shorter timescale with big positioning guided by longer timescales is important. Backtesting shows that if you solely try to trade the longer timescale crossovers (i.e. take this 4-hour sell right now even though we have 15-minute buy) you will usually LOSE money due to the large lag in the longer-timescale oscillators.
AMEX:GDXLong
by pythagoras
1
AUS USD Daily Chart Wave CountPlease Check my AUS USD Monthly Chart On Monthly Chart We are Long 0.70500 till 0.78000 Main Wave = E = ABC in Formation of 3 3 3 Sub wave A = abc Formation 3 3 3 We are in "a" ( The Mini wave ) a = ABC Where can Further divide ABC as below :::: A= i , ii , iii , iv , v ( In dark Green ) where 1 , ii are already complete For Mini wave iii ( In Blue ) iii would be on H1 Chart for clear view here i and ii already Complete Lets deal with iii = i , ii , iii , iv , v ( In Black ) ii Would be Complete with few more pips down at 0.70500 ( I am no more short ) I am Long from 0.70500 / 0.71000 Level Wish all of you Marry Xmas and many many Green Pips.
Long
by Elliot_Wave_Reloaded
1
Gold Wave CountHi to Every one :::: !!!! On Monthly Chart We in Correction ABC Where A is Complete We are in middle of B Wave of Correction at moment B = ABC Where Sub wave A is Complete and We are Positioning ourselves in B at this moment Division of sub Wave B is below ::: B = ABC ( mini waves ) Where A and B are Complete Now we are left with last mini wave C Of Sub wave B Mini wave C unfortunately is in complex formation of ABC as well. A = ABC Complete already B = ABC Complete already C = ABC in Progress Right now Where A = 12345 complete where B = ABC Complete ( It was too small , I could hardly identified it ) Now C = Last part = 12345 1 and 2 complete 3 in Progress = Down sell = 12345 = Will end up till 1110 / 1105 4 to finish and 5 still to come 4 = ABC = Up = will Retrace 50 % of 3 5 = Down Sell = 12345 = Will End Up 1080 area
FX_IDC:XAUUSDShort
by Elliot_Wave_Reloaded
Eur Usd Wave on Daily chart On Monthly Chart We in middle of Wave 4 Wave 4 = ABC A and B We are Done with ,,Already complete Now C = 12345 1 and 2 Complete ,,,and we can further divide wave 3 in sub waves on Daily Chart as below : 3 = 12345 Sub waves 1 , 2 Already Complete We are in middle of Sub wave 3 on Monthly Weekly Daily Charts Mini Waves of this Sub wave 1234 Already complete Last Part 5 of this mini wave is in progress Will End Up at 1.03350 / 1.02350 With this Main Wave 3 of Monthly Chart As well as Sub n Mini Wave 5 Will end up . Main Wave 4 ( in correction : Up )Can Go up 40 to 50 % of Main Wave 3 = Still of come = From 1.02350 till 1.0650 Main Wave 5 ( in impulsive : Down ) Will end up close to Parity 1.00120
Short
by Elliot_Wave_Reloaded