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Realities of Forex Investment
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mnandii
#3791 Posted : Wednesday, May 30, 2018 8:21:10 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Bitcoin has bottomed at 7031 and is ready to rise to above the previous highs of 9800. Targets for the rise are now between 10000 - 10400. Be long.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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SamuelWachira
#3792 Posted : Monday, June 04, 2018 8:58:01 PM
Rank: New-farer

Joined: 5/31/2018
Posts: 9
Location: kenya
Good to read these elliot wave analyses !

do you have an estimate of how long a typical elliot wave forecast takes to play out? I mean what is the average holding time for lets say a trade taken based on a wave 3

Regards
Samuel
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mnandii
#3793 Posted : Wednesday, June 06, 2018 3:07:41 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
SamuelWachira wrote:
Good to read these elliot wave analyses !

do you have an estimate of how long a typical elliot wave forecast takes to play out? I mean what is the average holding time for lets say a trade taken based on a wave 3

Regards
Samuel




Good question. Elliott Waves is fractal in nature. Therefore a complete five wave move in any direction is composed of smaller (lower degree) five wave moves and itself also composes a larger (higher degree) five wave move. Therefore the time element is specific to the degree of the wave you are charting i.e you can trade Elliott Waves in any time frame so long as you are able to discern a developing Elliott Wave pattern.

Example:


You can see here that wave 1 in brackets ie wave (1) is composed of smaller waves 12345. And also waves (1)(2)(3)(4) and (5) make up a larger wave 1 circled i.e ((1)). NB I use the two brackets to denote 1 inside a circle.

In the case above, waves 12345 and ABC may for example take about 1 hour each. Wave (1) may then take eg a day to complete. If you are able to discern the 12345s and ABCs then you can trade on a daily basis. If you can discern the waves in brackets eg (1)(2) (A)(B) etc then you can trade on eg a weekly basis.

Therefore with Elliott Waves you can trade in any time frame so long as you can discern the Elliott Wave patterns. The major patterns are actually five (Impulse wave, Diagonals, Triangles, Zigzag and flats) - this makes your work pretty easy.



Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3794 Posted : Wednesday, June 06, 2018 3:11:01 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
SamuelWachira wrote:
Good to read these elliot wave analyses !

do you have an estimate of how long a typical elliot wave forecast takes to play out? I mean what is the average holding time for lets say a trade taken based on a wave 3

Regards
Samuel




Good question. Elliott Waves is fractal in nature. Therefore a complete five wave move in any direction is composed of smaller (lower degree) five wave moves and itself also composes a larger (higher degree) five wave move. Therefore the time element is specific to the degree of the wave you are charting i.e you can trade Elliott Waves in any time frame so long as you are able to discern a developing Elliott Wave pattern.

Example:


You can see here that wave 1 in brackets ie wave (1) is composed of smaller waves 12345. And also waves (1)(2)(3)(4) and (5) make up a larger wave 1 circled i.e ((1)). NB I use the two brackets to denote 1 inside a circle.

In the case above, waves 12345 and ABC may for example take about 1 hour each. Wave (1) may then take eg a day to complete. If you are able to discern the 12345s and ABCs then you can trade on a daily basis. If you can discern the waves in brackets eg (1)(2) (A)(B) etc then you can trade on eg a weekly basis.

Therefore with Elliott Waves you can trade in any time frame so long as you can discern the Elliott Wave patterns. The major patterns are actually five (Impulse wave, Diagonals, Triangles, Zigzag and flats) - this makes your work pretty easy.







Elliott Wave Resources
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3795 Posted : Wednesday, June 06, 2018 3:15:02 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Bitcoin has burst out the blue downward slopping trend channel. Waves (i) and (ii) are in place. Bitcoin is rising as per our previous analysis. The targets for the rise are 10,000 - 10,400s levels.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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SamuelWachira
#3796 Posted : Friday, June 08, 2018 5:03:43 PM
Rank: New-farer

Joined: 5/31/2018
Posts: 9
Location: kenya
mnandii wrote:
mnandii wrote:
SamuelWachira wrote:
Good to read these elliot wave analyses !

do you have an estimate of how long a typical elliot wave forecast takes to play out? I mean what is the average holding time for lets say a trade taken based on a wave 3

Regards
Samuel




Good question. Elliott Waves is fractal in nature. Therefore a complete five wave move in any direction is composed of smaller (lower degree) five wave moves and itself also composes a larger (higher degree) five wave move. Therefore the time element is specific to the degree of the wave you are charting i.e you can trade Elliott Waves in any time frame so long as you are able to discern a developing Elliott Wave pattern.

Example:


You can see here that wave 1 in brackets ie wave (1) is composed of smaller waves 12345. And also waves (1)(2)(3)(4) and (5) make up a larger wave 1 circled i.e ((1)). NB I use the two brackets to denote 1 inside a circle.

In the case above, waves 12345 and ABC may for example take about 1 hour each. Wave (1) may then take eg a day to complete. If you are able to discern the 12345s and ABCs then you can trade on a daily basis. If you can discern the waves in brackets eg (1)(2) (A)(B) etc then you can trade on eg a weekly basis.

Therefore with Elliott Waves you can trade in any time frame so long as you can discern the Elliott Wave patterns. The major patterns are actually five (Impulse wave, Diagonals, Triangles, Zigzag and flats) - this makes your work pretty easy.







Elliott Wave Resources



I see. Thank you !
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mnandii
#3797 Posted : Tuesday, July 17, 2018 10:47:26 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


BITCOIN

The very clear three step move down from the high of 19200s (i.e Waves WXY making (4)) implies that bitcoin will rise again to levels above 19200s. A move to above 9800 will be good confirmation that another major bull market in bitcoin has started. Beware that the RED line at 5700 should not be crossed downwards.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3798 Posted : Friday, July 27, 2018 6:25:26 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Bitcoin has another leg up to from the current levels of $7850s to about or above $8720s
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3799 Posted : Friday, July 27, 2018 6:31:49 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


EURUSD should drop from current levels of 1.1653s to about 1.1230s or below. Be SHORT with SL t 1.1790
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3800 Posted : Thursday, August 02, 2018 8:49:00 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Expect a huge rise in Bitcoin to about $10,000. Have your Stop Loss at $7419.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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