Yen Crosses & Elliot Wave Charts 15m and Up

Hello Traders,
Looking for traders to post their Elliot Wave analysis to learn and trade by.
I would like to put special focus on the yen crosses such as the GBP/JPY USD/JPY, EUR/JPY, AUD/JPY, NZD/JPY, and others. you are free to talk about anything you wish including non yen crosses as long as it is in line with forex factories rules and you conduct yourself to other traders with respect. Yen crosses are just my preference because it's what i'll actually be trading. Fibonacci and Gann studies are also very welcome. All technical analysis is beneficial but our focus is on the waves. I would like to keep this thread alive so please help by posting charts and other TA to spur discussion. I will try to share my own work but i'm am new at this as of this post.

hs should break in one direction or another. it is still valid in my opinion..
this is a good video that teaches what to look for.
11/04/08 S&P, Emini & Futures Recommendations

To continue my analysis on the direction of medium-term reversal, I have chosen this chart which displays some clear patterns. First of all, let's define the elements:

1 represents the main trendline originating from this summer's highs around 169.00. The main trend is down.
2 represents the secondary trend that derives from the main trend; at some point, as a result of increasing momentum (and usually in wave 3 developments but I don't want to make this more complicated than it already is) the market pushes the price in the direction of the main trend but with a higher speed; so the targets (space) remain the same, but the time predictions are altered.
3 represents the minor trend of our setup which may exist or may not exist in any given setup; in our case, the minor trend forms wave V of our Elliott wave count.

Impulsive green wave 1 originating from the highs is comprised of a 5 wave down-sequence represented on this chart with lowercase Roman cardinals (i, ii ... v). The sequence is followed by 3 corrective waves labeled as usual: a, b, c. The a-b-c sequence following green wave 1 forms corrective green wave 2.

As we know from the Elliott wave book, impulsive green wave 3 is also characterized by the strongest momentum of all waves and very often appears as the biggest wave in terms of covered distance. It's sub-waves are labeled on this chart with uppercase Roman cardinals (I, II ... V). At the time I'm writing this analysis, we find ourselves in final wave V. At the end of wave V a corrective sequence has to start, comprised of 3 waves a, b, c - corrective sequence that will also coincide with green wave 4 as displayed on the chart. Our count is cofirmed by the two RSI divergences which appear in waves 5. These are clear things; the problem arises: where will wave V end, more specifically will it end below 113.60 ?

I believe not. And my argument is represented on the chart: for a continuation lower below 113.50 we would have needed the secondary trendline (2) to hold! When the secondary trendline was broken - although momentum still remains in favor of the bears - the possibility of a drop below 113.50 becomes highly unlikely! At this point - with 113.50 as line in the sand - we are looking for a break of minor trendline in order to develop an a-b-c sequence that will take the price all the way up to the main trendline resistance.

www.andreitaga.com
http://andreitaga.wordpress.com

hi england. nice thread. how was your trading today? will pop in a little later.

weekly chart. guppy.

i originally thought that the down move was impulse, but recently learned that impulse wave must begin with 5 waves in order for impulse wave to be labeled. that makes the entire down move can be looked as ABC.

small sub waves labeled abc of C can be labeled I, II, III, IV, V.
if the count is in fact the later case then the down side target would be much lower.

any other thought, different view, correction, or count would be much appreciated. thanks.

I believe the EUR/JPY move is actually impulsive; I have circled on the chart consolidations that occured at 23.6% and 38.2% of the whole move.
Also the RSI pattern appears to be the same as the one from 1993, with RSI into over-sold on the monthly. Actually I expect consolidaton in the following months between 113.50 and around 135.00 (23.6% marked on the chart).
Time will tell more exactly where we're heading, anyway it's not that useful for our trading, our problem lies more on the intra-day charts. But what's for sure: the 113.50 bottom will be tested several times.

ej weekly count. (so far)

omg. this was eu daily not ej. sorry. :o

almost same count anyway.

ej daily

Sweet! I didn't know anyone was posting in here. I pretty much abandoned thread lol but feel free to post. Having a hard time getting into it. Thanks for posting guys.