Elliott Wave forecasts

JahDave wrote:Hi Paul,

How is everything. This should be a great little trading area. I'm glad you set it up. Anyway, the Euro mad a nice little run down and It shouldn't go up too much above the 1.3900 before making a bigger run down.

Good Trading,
Dave

JahDave wrote:I uploaded my long term charts on servimg.com, but I don't know how to upload them on my post. I need some help here. When I go to servimg.com, then I can logon to my account and see the images, but I still don't know how to get them here on a post.

Thanks,
Jah Dave

JahDave wrote:Hi Paul,

Per your request I am going to do a separate thread just for Elliott Wave forecasts. I will state it here for anyone that is not familiar with Elliott Wave Theory, that Elliott Wave DOES NOT give entry and exit points, but it does an excellent job at following mass social mood and that is what drives markets. I also use a few technical indicators and Fibonacci levels to confirm wave counts and find entry and exit points. Also, Elliott Wave Theory is more accurate on larger markets with more data than small markets with less data. With all of this being said I am going to start with the longest charts I have and narrow things down from there. These long range charts will be multiple decades old and they are the longest range charts I have. The really good thing about Elliott Wave Theory is that because all markets are fractals then Elliott Wave Theory even works on century levels on markets that are that old. Also, because I only have charts that reach back to the 1970's then I am making educated guesses on a few currency pairs, but I think I am correct. One more thing here is that I cannot guarantee that I am correct on any of these really long term charts, because everything I am posting here is 100% my work. If anytime in the future I am wrong on a shorter term forecast, I will go back to a longer term chart and see where I was wrong. I hope this helps everyone on this forum including myself. I am really glad to be here and that Paul has asked me to do an Elliott Wave thread.

Let's all become excellent traders together,

Jah Dave

JahDave wrote:I uploaded my long term charts on servimg.com, but I don't know how to upload them on my post. I need some help here. When I go to servimg.com, then I can logon to my account and see the images, but I still don't know how to get them here on a post.

Thanks,
Jah Dave

JahDave wrote:

JahDave wrote:I uploaded my long term charts on servimg.com, but I don't know how to upload them on my post. I need some help here. When I go to servimg.com, then I can logon to my account and see the images, but I still don't know how to get them here on a post.

Thanks,
Jah Dave

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4xpipcounter wrote:Dave, glad you are here! I sure enjoy your forecasts through the eyes of Elliot Wave.
I was not responsible for setting this site up. We have Dan to thank for that. He knew I wanted to post trades and and adjoin my interests with other traders in some worthwhile conversation, and so we have brought the party here. He named the site, and then set me up as the adminstrator.
I'm not in font of my charts, but I would agree with you that USD strength across the borad is imminent.
It's kind of crazy, but I'm looking ofrward also to seeing just how lcose our numbers are going to be on our forecasts.
Just for the record, where do you see the aussie headed, MT or otherwise.

JahDave wrote:Hi Paul,

How is everything. This should be a great little trading area. I'm glad you set it up. Anyway, the Euro mad a nice little run down and It shouldn't go up too much above the 1.3900 before making a bigger run down.

Good Trading,
Dave

JahDave wrote:

JahDave wrote:I uploaded my long term charts on servimg.com, but I don't know how to upload them on my post. I need some help here. When I go to servimg.com, then I can logon to my account and see the images, but I still don't know how to get them here on a post.

Thanks,
Jah Dave

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4xpipcounter wrote:Dave, I got some numbers too. I will post them in my thread once I am better. Really sick, for now.

JahDave wrote:Here is an interesting look at the Kiwi. I thought it would already be going down by now, but it has not. right now, I think it is experiencing a blowoff. This is an interesting Elliott Wave fact. The bigger the degree of a move then the bigger the blowoff is. The U.S. stock markets are experiencing a grand super cycle degree wave 2 ending right now. The last time this happened was the South Sea bubble in the 1700's which was the top of the wave 2 grand supercycle degree. With this being said, in the large scheme of things Asia is about to experience a wave C decline on the supercycle degree as all the western countries are about to experience wave C on a grand supercycle degree. Anyway, the Kiwi and every other currency is about to go down very large against the USD. The big thing to remember is several years from now the Euro and Pound will keep going down against the dollar and the Asia currencies will begin a march up against the dollar that will take them to very big highs. One more thing...........I have Bolinger bands on this chart and i have never seen anything like this before. The bottom line is going down sharply even as the price on the chart is going up sharply. Welcome to a supercycle blowoff and a soon to come reversal.

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JahDave wrote:

4xpipcounter wrote:Dave, I got some numbers too. I will post them in my thread once I am better. Really sick, for now.

I'm sorry to hear that Paul,
Eat some homemade chicken soup and drink some hot tea with lemon and honey. I hope you feel better soon.

JahDave

JahDave wrote:I honestly still don't think that everything has finished the topping process yet. I don't think the new tops will not be very large, but I think they will be there. After these tops then there will be some huge down moves.........

JahDave wrote:I honestly still don't think that everything has finished the topping process yet. I don't think the new tops will be very large, but I think they will be there. After these tops then there will be some huge down moves.........

4xpipcounter wrote:Dave, I'm curious. Are you referring to all the majors? Specifically, I'm looking at the EUR/USD, and trying to assimilate and learn through the eyes of EW. It seems to me the EUR/USD has just completed a 5-wave process DOWN, and possibly completed the 1st of 3 waves UP in the correction. AS someone who knows next-to-nothing concerning EW, that is why I'm asking you what you see.
Personally, it just seems to match up well with my forecasts. Combined with the strong bounce I mentioned on my thread, and the fact price hit -3 sigma on the daily, and bounced off the top of the cloud, it seems imminent to get the move back to 1.3940, which is the TK combo and the daily mean. That event should prepare the pair for another strong leg south.

JahDave wrote:I honestly still don't think that everything has finished the topping process yet. I don't think the new tops will be very large, but I think they will be there. After these tops then there will be some huge down moves.........

4xpipcounter wrote:This has nothing to do with Elliot Wave forecasts, but I still wanted to wish the thread starter a very happy 46th birthday.

4xpipcounter wrote:I agree with you according to what the EUR/USD chart looks like.
I checked a few of the crosses, and the euro looks bearish against many of the crosses. To me, this is going to be interesting to see how this whole thing plays out.
BTW, I'm like you, thinking ST on the bearish look against the crosses


Here is my Euro 1 hour chart. I think it is headed north for now.

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