tf daily



Current Trading Positions for USDJPY (USDJPY) Daily on 02-Jul-2007

* A Primary degree trader (hold positions from months to years), would currently be shorting this market. The probability of this Target Area being correct is 66.8%. However, the random probability of this Target Area being correct is 53.0%. So the true probability of this Target Area being correct is 26.0% better than random.

Extensive Elliott Commentary for USDJPY (Daily) on 02-Jul-2007 with one incomplete pattern:

Wave X of the Primary degree inverted Double 3 with a rating of 102.2 is expected to complete in the price range 98.95 to 119.75, but more probably between 115.31 and 118.96. This wave could complete anytime between now and 17-May-2008, but is most likely to complete sometime between 14-Jul-2007 and 05-Sep-2007.

After wave X is complete, expect the market to continue up into wave Y, which will probably be a three wave corrective pattern. Expect wave Y to retrace wave X by 96% - 228%. Wave Y can also be expected to be 86% - 228% of the price length of wave W. The expected time for wave Y to complete is 81% - 317% of the time taken for wave X to complete and 55% - 234% of the time taken for wave W to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 02-Jul-2007, Label Range: 7 - 30, Preferred Count Labels: 22, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

tf daily



Current Trading Positions for EURUSD (EURUSD) Daily on 04-Jul-2007

* A Primary degree trader (hold positions from months to years), would currently be trading long in this market. The probability of this Target Area being correct is 82.0%. However, the random probability of this Target Area being correct is 65.0%. So the true probability of this Target Area being correct is 26.2% better than random.

Extensive Elliott Commentary for EURUSD (Daily) on 04-Jul-2007 with two incomplete patterns:

Wave (C) of the Intermediate degree inverted Flat with a rating of 95.8 is expected to complete in the price range 1.3392 to 1.3746, but more probably between 1.3463 and 1.3663. This wave was expected to complete before 26-Jun-2007, and must complete by 16-Jul-2007.

This wave (C) will complete the Flat pattern.

This is the final wave in the pattern. When complete it will also complete wave X of the Primary degree Double Zigzag with a rating of 90.2. These two waves have the same target ranges.

After wave X is complete, expect the market to continue down into wave Y, which should be a three wave Zigzag pattern. Expect wave Y to retrace wave X by 115% - 286%. Wave Y can also be expected to be 90% - 286% of the price length of wave W. The expected time for wave Y to complete is 26% - 164% of the time taken for wave X to complete and 58% - 229% of the time taken for wave W to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 04-Jul-2007, Label Range: 7 - 30, Preferred Count Labels: 20, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software
http://www.elliottician.com/product-...an-system.html

What data are you using...thanks

tf daily



Extensive Elliott Commentary for GBPUSD (Daily) on 06-Jul-2007 with three incomplete patterns:

Wave C of the Minor degree inverted Flat with a rating of 97.3 is expected to complete in the price range 1.9703 to 2.0496, but more probably between 1.9906 and 2.0204. This wave was expected to complete before 28-Jun-2007, and must complete by 10-Jul-2007.

This wave C will complete the Flat pattern.

This is the final wave in the pattern. When complete it will also complete wave (X) of the Intermediate degree Double 3 with a rating of 86.5. These two waves have the same target ranges.

After wave (X) is complete, expect the market to continue down into wave (Y), which will probably be a three wave corrective pattern. Expect wave (Y) to retrace wave (X) by 98% - 208%. Wave (Y) can also be expected to be 72% - 208% of the price length of wave (W). The expected time for wave (Y) to complete is 24% - 191% of the time taken for wave (X) to complete and 41% - 229% of the time taken for wave (W) to complete.

Wave B of the Primary degree inverted Flat with a rating of 81 is expected to complete in the price range 1.6865 to 1.9483, but more probably between 1.8845 and 1.9464. This wave is due to complete anytime from now until 22-Apr-2008, but is most likely to complete before 17-Jul-2007.

After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 83% - 172%. Wave C can also be expected to be 98% - 172% of the price length of wave A. The expected time for wave C to complete is 23% - 192% of the time taken for wave B to complete and 61% - 298% of the time taken for wave A to complete.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 06-Jul-2007, Label Range: 7 - 30, Preferred Count Labels: 9, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software
http://www.elliottician.com/product-...an-system.html

tf daily



Current Trading Positions for AUDUSD1440 (AUDUSD1440) Daily on 06-Jul-2007

* A Minor degree trader (hold positions from weeks to quarters), would currently be shorting this market. The probability of this Target Area being correct is 86.2%. However, the random probability of this Target Area being correct is 64.1%. So the true probability of this Target Area being correct is 34.5% better than random.

* An Intermediate degree trader (hold positions from months to quarters), would currently be shorting this market. The probability of this Target Area being correct is 67.2%. However, the random probability of this Target Area being correct is 45.0%. So the true probability of this Target Area being correct is 49.3% better than random.

Extensive Elliott Commentary for AUDUSD1440 (Daily) on 06-Jul-2007 with four incomplete patterns:

Wave b of the Minute degree Flat with a rating of 97.4 is expected to complete in the price range .846 to .8786, but more probably between .8464 and .8563. This wave was expected to complete before 29-Jun-2007, and must complete by 06-Jul-2007.

After wave b is complete, expect the market to continue down into wave c, which should be a five wave Impulsive pattern. Expect wave c to retrace wave b by 81% - 165%. Wave c can also be expected to be 100% - 165% of the price length of wave a. The expected time for wave c to complete is 23% - 167% of the time taken for wave b to complete and 60% - 284% of the time taken for wave a to complete.

Wave Y of the Minor degree Double 3 with a rating of 92.6 is expected to complete in the price range .7802 to .8475, but more probably between .8171 and .837. This wave is due to complete anytime from now until 26-Jul-2007, but is most likely to complete before 13-Jul-2007.

Wave Y will probably complete this Double Sideways pattern, although it could possibly extend into a Triple Sideways pattern.

This is the final wave in the pattern. When complete it will also complete wave (2) of the Intermediate degree Impulse with a rating of 76.7. These two waves have the same target ranges.

After this wave (2) is complete, expect the market to continue up into wave (3). Wave (3) should always be an Impulse and should retrace wave (2) completely. Expect wave (3) to retrace wave (2) by 203% - 432%. Wave (3) can also be expected to be 82% - 432% of the price length of wave (1). The expected time for wave (3) to complete is 30% - 333% of the time taken for wave (2) to complete and 23% - 169% of the time taken for wave (1) to complete. The slope (ie. price range divided by time taken) of wave (3) should be between 35% and 133% of the slope of wave (1). Once wave (3) is complete, expect wave (4) to be a sideways corrective movement, then wave (5) to continue in the same direction as wave (3). Wave (5) will complete this Impulse.

Wave 3 of the Primary degree Impulse with a rating of 89.1 is expected to complete in the price range .8459 to 1.0053, but more probably between .8638 and .9188. This wave is due to complete anytime from now until 05-Mar-2008, but is most likely to complete before 24-Aug-2007.

When complete, expect the overall slope (ie. price range divided by time taken) of this wave 3 to be between 35% to 133% of the slope of wave 1. Then expect the market to pull back into wave 4, which will be corrective in nature and has a probability of 65% of being a Flat or other sideways pattern. Wave 4 should not retrace back into the price range of wave 1 or 2. Expect wave 4 to have between 45% - 154% of the price range of wave 2. The expected time for wave 4 to complete is between 12% - 126% of wave 2. After wave 4, expect wave 5 to move beyond the end of wave 3 to complete this Impulse.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 06-Jul-2007, Label Range: 7 - 30, Preferred Count Labels: 27, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software

bijak thanks for this thread and the information you provide init the ratio information is very helpful when compare to each waves. which software do you think is better elwave or mtpredictor or selfmade ..

bijak if you know let me know where i can get more information about these wave and structure as i would like to create my own indicator based on elliotwaves i have already started researching the internet.