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It looks like that EUR is in ABC mode.

Hi PaulRon, Thanks for commenting. Yes, I agree with you that the best way is to eliminate alternative counts in order to get the most possible count. Sometimes, it's still hard to eliminate when all things are considered. About counting to wave-9, it happens when an extension occurs after...

10/26/2010 (Gold Update) According to 10/23/2010's wave count, the bounce could be a corrective or an implusive wave. Both are significant to the later development of the wave. If the current up move is a corrective wave, it means that the picture of gold has entered into a long term...

Well said! "Santa does not exist", but you still believe that holy grail does exist while you are trying to find something has "serious outperformance value"??? Man if you get bored and don't have nothing to do, I suggest you to read some books instead of wasting time on my thread.

I am just curious ... why are you keep saying that EW does not work? If you don't like EW, then don't read and don't look. If you have found some money-making approach, then enjoy it. On the other hand, if you are still searching for that, why don't you open your mind and take a look what's...

Good point! I believe that trading by wave analysis is one of the hardest approaches to master. It's an art dude.

Thanks for your input. Please share some of your useful approach!

10/23/2010 Comments are welcome! EUR: SP: Gold:

10/21/2010 (Gold Update) Gold has shown 5 impulsive waves down, so it negated the assumption that the past few days was a corrective wave. With that said, I would like to change last week's alternative count to be the preferred one. It might not be a bad idea to establish short position if...

10/19/2010 (Gold Update) So far, gold has been following 10/14/2010's intraday wave count and 10/16/2010's daily chart wave count with a good size of setting back to $1330 area, which was previous wave-__4. Now it may be forming the wave-_4. If so, next wave will be wave-_5 to challenge the...

10/16/2010 Comments are welcome! EUR: http://www.trade2win.com/boards/forex-news-analysis/104382-perfect-wave-euro-2010-10-a.html#post1289454 SP: http://www.trade2win.com/boards/us-indices/104386-perfect-wave-sp-2010-10-a.html#post1289456 Gold...

10/14/2010 (Gold Update) http://www.trade2win.com/boards/metals/104388-perfect-wave-gold-2010-10-a.html#post1287662 Gold may be waiting for a final thrust to set a new high and form the wave-_3 before a big correction back to previous wave-__4 ($1330-$1340 area) to form wave-_4.

Questions for you to think ... How often would you like to trade? Or how long would you hold a position? IMHO, trading by using 3-min chart could make you very busy all day!

Sorry about that! That's not what I intended to. I only wanted to add a link to where my original post was as a reference. I previously did not know how to post image from different site, so there were links only. Now I know to use img tag for images, and I have started posting images in...

10/11/2010 (SP Update) One possible variation of alternative counts is that the wave-C has ended today, which means that a big wave-[B] ended too. And the wave after that is a super big decline of wave-[C] down all the way to 950 area...

10/09/2010 Comments are welcome! Gold: http://www.trade2win.com/boards/metals/104388-perfect-wave-gold-2010-10-a.html#post1281742 SP: http://www.trade2win.com/boards/us-indices/104386-perfect-wave-sp-2010-10-a.html#post1281812 EUR...

10/07/2010 (Gold Update) The wave count still follows 10/02/2010's preferred count. Maybe the wave-C is over, and maybe we are in the progress of wave-D's wave-1 now. http://www.trade2win.com/boards/metals/104388-perfect-wave-gold-2010-10-a.html#post1280036

Honestly, I don't know. I am currently holding short position and ready to get stopped out if the market goes up before it dips. I hope that it will crash directly.

10/02/2010 Comments are welcome! EUR: http://www.trade2win.com/boards/forex-news-analysis/104382-perfect-wave-euro-2010-10-a.html#post1273412 SP: http://www.trade2win.com/boards/us-indices/104386-perfect-wave-sp-2010-10-a.html#post1273414 Gold...

09/28/2010 (Gold Update) http://www.trade2win.com/boards/metals/104388-perfect-wave-gold-2010-10-a.html#post1268040 Last week's shinking Three White Soldiers paved the road for today's flash correction to the point where wave-b and wave-d are of the same size. What's next? If we count...