Comments on: Color Daily EURUSD Forex Chart Shows Lengthy Divergences

By: forexhug

forexhug — Thu, 07 Oct 2010 12:19:23 +0000

eurusd always down position this time i move usdjpy tradings

By: A Quick Look at the Daily Euro Chart Feb 17 | Afraid to Trade.com Blog

A Quick Look at the Daily Euro Chart Feb 17 | Afraid to Trade.com Blog — Wed, 17 Feb 2010 15:28:25 +0000

[...] November 1: “Color Daily EURUSD Shows Lengthy Divergence (with Elliott Count)” [...]

By: moneycometh

moneycometh — Tue, 10 Nov 2009 05:55:44 +0000

Both, your example of the 3/10 oscillator and the Elliott's are two great tools I've looked into. I'm in the process of printing out your oscillator example. I'm doing the same with the Elliott's wave principal.

By: moneycometh

moneycometh — Mon, 09 Nov 2009 23:55:44 +0000

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Mon, 02 Nov 2009 02:49:43 +0000

Thanks Marc!

That's what gets me about this count - which is similar (though inverse) in the Dollar Index itself (and Euro index).

The 1 and 3 form an "AB = CD" relationship (measured move) roughly, and they tend towards symmetry... but the 5 is just ... all over the place in seeming strangeness.

For Elliott Wave counts, I tend to simplify them so as to get the main idea, eschewing a purist count and trying to see the larger picture (for example, negative divergences).

Thanks for sharing your insights! Much appreciated.

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Mon, 02 Nov 2009 02:47:09 +0000

Hey Fufufnik,

Absolutely, though I've modified the file slightly to show the yellow color instead of just the red and green.

You can download the TradeStation file from Linda's LBR Group FAQ page:

http://www.lbrgroup.com/index.asp?page=FAQ

By: Name

Name — Mon, 02 Nov 2009 00:46:23 +0000

The waves you label as 1, 2, 3 are better labeled as an A,B,C. because A=C.
A triangle links the correctional ABC to a 5 wave impulse. The US dollar trails the long term bond market by months and has matched the bond decline pattern perfectly. The bond decline was an ABC followed by a triangle and 5 waves. We should see months of an ABCDE upward consolidation in the US dollar from here on. It's going to be a bumpy ride down for assets. C and E is going to be the worst.
Or so I think...
Thanks Corey for sharing. Your blog is on my must-visit every day list.

Marc

By: iMeMyAction » Blog Archive » IvyBot #1 Forex Trading Robot, Largest Aff Payout On Cb!

Mon, 02 Nov 2009 00:09:32 +0000

[...] Color Daily EURUSD Forex Chart Shows Lengthy Divergences | Afraid … [...]

By: fufufnik

fufufnik — Sun, 01 Nov 2009 23:21:50 +0000

Corey, Am I correct in believing that the paintbars you are using are from LBR?
If so, could you tell me how I could download these paintbars?
Thanks a bunch,
-todd