Elliott Wave Update on EURUSD 2 Nov 2011 Euro Add comments Nov 022011 Elliott Wave Analysis of EURUSD is explained in easy to understand charts. You too can apply these techniques in your own trading. Enjoy! Tweet Share this:FacebookGoogleEmailDiggStumbleUponRedditTumblrPocketPinterestLinkedInPrint 16 Responses to “Elliott Wave Update on EURUSD 2 Nov 2011” Stani says: November 2, 2011 at 7:22 am Hello Ramki! I couldn’t believe my eyes when I saw this EURUSD update. Just a couple of hours ago I made my own analysis of this currency pair and… voila! My counting looks exactly like yours, even minor waves! I guess I’ve learned something from you Ramki ) Once again thank you VERY MUCH for your incredible work! Reply Ramki says: November 2, 2011 at 9:29 am Stanni, that’s fantastic. The next step is to practice, practice, practice until it becomes a second nature to you. Good luck Reply Normand says: November 2, 2011 at 8:54 am Hi Ramki, In your last chart in this post on the EURUSD, how can wave 3 be the shortest? Thanks, Normand Reply Ramki says: November 2, 2011 at 9:33 am Hi Normand, look again. Wave 3 is 161.8% of wave 1. Sometimes our eyes play tricks! Reply Normand says: November 2, 2011 at 12:05 pm Hi Ramki, On your 30 minutes chart, I count 10 OHLC bars in wave 3. How many bars do you count in wave 1? Thank you, Normand Reply Ramki says: November 2, 2011 at 8:05 pm Hi Normand, I don’t count bars in a wave. We should count smaller ( sub) waves when necessary Reply Tom Pallagi says: November 2, 2011 at 10:57 am Hello Ramki! Your explanation is clear as your book! Congratulations. Tom Pallagi from Hungary Reply Ramki says: November 2, 2011 at 11:07 am Tom, Thank you. Reply RKG says: November 3, 2011 at 5:22 am This one is a specially superb call – at 1.3776, it required a genius to call for a double zig-zag. Brilliant Ram!!! Reply Ramki says: November 3, 2011 at 8:50 am RKG, thank you Reply Hung says: November 4, 2011 at 12:42 am Hi Ramki, is the 5 waves 0-5 above equal to wave A of higher level. Where EURUSD has been now in larger timeframe? In your Five Waves book, you said all impulse waves are made of 5 waves. How about the impulse wave 1 above. Can it be an exeption? Reply Ramki says: November 8, 2011 at 5:36 am Hung, could you pl post this question in the forum as I am unable to follow your question without access to my charts Reply Artyom23 says: November 6, 2011 at 1:59 am Hi Ramki, Just finished your book,gotta say that was a great one.Now about eur\usd,i did a different count and i think we at the begining of wave 3 on the bearish trade! Reply Ramki says: November 8, 2011 at 5:24 am Hi Artyom, thanks. As I have said often, it is perfectly possible for us to have different counts that appear to be valid at any point in time. We will only know later which one is correct. Our goal is to profit from our own count. Good luck. Reply Shiva says: November 8, 2011 at 5:36 am I tried to correlate the same fibs on the U.S. dollar index (DXY), but could not on the exact same timescale. The wave one is too short and wave 3 comes to about 4 times wave 1. If I should call this extended, wave 5 should be equal to 1 but turns out it is even more extended than wave 3. Reply Ramki says: November 13, 2011 at 11:34 pm Hi Shiva, These are the types of challenges that will make you get better at EWP. Wh dont you post in the forum and ask others to comment on it? Good luck. Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.