All very good points. I guess I would play this like a spread in ETF short Euro long AUS... another other suggestions on how to play the EUr/AUS short FX strategy in ETFs?
--- In
equismetastock@ yahoogroups. com, Mr Distinque <distinque@x ..> wrote:
>
> EWs are right there with Pivot Points (what ever flavor) and Fibos. I do use them under the one caveat that they are really only potential reference points of congestion. None of them show a hard stop/turn except in hindsight. And if they blow through, there is always the next stop on the trolley. For me, this was one of those epiphany moments that had a double reward. REALLY improved my trading and I stopped squandering my winnings on "another perspective" of how to
use them.
> Â
> When I really like them is when there is a "congestion" of EW, PP S/R and Fibos in the same tight area. Kind of like going from a paper wall to a cinder-block one.
> Â
> Right now I am looking at EURAUD on a 15min chart I am short on. There is a 38.2/1.4935 fibo it just broke under and a daily S1 PP at 1.4927. It is bouncing between those 2 points. Indicators showing a weaking of the down move pressure. It is in a congestion point and digesting what had just previously happened.
> Â
> I have attached a pic. Will have to wait and see what happens. You can see how it did the same between Fibos 50% and 61.8%
> Â
> D
> EGO Sum Qua EGO Sum
> Sempre Avanti
> Â
> He Who Sits In A Well To Look At The Sky Can See But Little
>
> --- On Mon, 3/15/10, Kim Blake
<kblake@xxx> wrote:
>
>
> From: Kim Blake <kblake@xxx>
> Subject: Re: [EquisMetaStock Group] Re: [Fwd: [wavetraders] You're Invited: Fr ee Webinar - Tomorrow Night 17th]
> To:
equismetastock@ yahoogroups. com> Date: Monday, March 15, 2010, 6:59 PM
>
>
> Â
>
>
>
>
> Tell us how you really feel about Elliot Waves.......
>
>
>
>
> From: formulaprimer
> Sent: Monday, March 15, 2010 8:56 PM
> To: equismetastock@ yahoogroups. com
> Subject: [EquisMetaStock Group] Re: [Fwd: [wavetraders] You're Invited: Fr ee Webinar - Tomorrow Night 17th]
>
> Â
>
> I want to learn how to second guess myself and
redraw waves in hindsight and say it was wave 3 or 4 or 5 or minor wave in between.
>
> --- In equismetastock@ yahoogroups. com, dave <adest@> wrote:
> >
> > ------------ --------- ------- Original Message ------------ --------- -------
> > Subject: [wavetraders] You're Invited: Fr ee Webinar - Tomorrow Night 17th
> > Date: Mon, March 15, 2010 6:10 pm
> > To: wavetraders@ yahoogroups. com
> > ------------ --------- --------- --------- --------- --------- -
> >
> > Webinar on Elliott Wave for
> >
> > - ASX Shares & CFDS
> > - Forex and
> > - Futures
> >
> > * Wednesday Evening 17th March 9-10pm Sydney Time
> >
> > * For Investors and Traders Wanting to Learn How to use Elliott Wave
> >
> > * Questions Answered
> >
> > * Interactive Q&A
Session
> >
> >
> >
https://www2. gotomeeting. com/register/ 129641051
> >
>