Slow Trades — The last few days have been quite boring from a trading standpoint. None of the seven US currency pairs I watch have been doing anything with the exception of the Usd/Cad and even that one has been trading a little slow. All of ...

Elliot Wave Trading

DailyFX publishes a monthly correlation page on their web site. Go to their web site at : www.dailyfx.com On the lower right of the home page is a section called Charting Center. They have a monthly report you can bring up from there. Jeffrey

Elliot Wave Trading

I calculated that the max return was 50 pips. I play these type of trades conservatively and only take 80% with a 40% stop. That means a 40 pip TP versus a 20 pip S/L. I decided that was too small this time around. Jeffrey

Mouteki Trading

Thanks for the post. This one looks very good as well: http://www.investopedia.com/articles/forex/05/AndrewsPitchfork.asp Jeffrey

Mouteki Trading

I am Googling for a resource on Median Lines. Can you recommend one? Jeffrey

Mouteki Trading

Usd/Chf — Just posting my current chart. I am new to the Mouteki method and have only been testing it this last week. So far so good. If this moves above the Supply Line, I will definitely take out a long order. However if it crosses the ...

Mouteki Trading

Usd/Cad — Here is a chart showing the just completed ZiG Zag pattern that fixme1too was talking about above. You can see the [a] leg has a five wave impulse pattern, the [b] leg is an abc pattern, and the [c] leg is also a five wave impulse ...

Elliot Wave Trading

I must be having a brain cramp tonight. I don't see any setups that I like. This happens once in while. You open up a chart expecting to see all these waves and make some sort of a useful count, but instead all you see is a random bunch of sticks. ...

Elliot Wave Trading

Counting Fractuals — Fixme1too, I was reading the Elliot Wave material that was on the web site whose link you had posted. An interesting section was the 'counting fractuals' pages. I had never heard of this method of counting waves before. Is ...

Elliot Wave Trading

Usd/Can — I am looking at a one hour chart for the Usd/Can pair. It would appear from the count I have that this retracement is forming a Zig Zag pattern. I have a 5 wave impulse count for the A wave. It looks like the B wave has two of it's ...

Elliot Wave Trading

Here's what I was talking about in the above post. Hopefully I am not throwing you off on your counts. Jeffrey

Elliot Wave Trading

As I look at the eight hour chart again, I do see some price action starting on the 9th or 10th and running through the 14/15th that could qualify as a mini-wave 1 and 2. It starts at 1.8513, moves to a high of 1.8638 on the 13th, and retraces to ...

Elliot Wave Trading

I had the recent uptrend as a mini-wave 3 about to go into a mini-wave 4. Jeffrey

Elliot Wave Trading

That would put it well past a .618 retracement. I must being seeing a different count than you are. Jeffrey

Elliot Wave Trading

Fixme1too, I also was using one hour charts to find the best entry points. It was very time consuming. I have been following this Mouteki trading strategy that is on the board and I am finding that on the four hour chart it is identifing turning ...

Elliot Wave Trading

Fixme1too, I have a trigger to also short Gpd/Usd at this level. I have a fib projection of .382 which should put this pair down to 1.8901. Is that how you are reading it? I usually set my profit target at 80% of projected move when I am using ...

Elliot Wave Trading

babarmughal Fixme1too gives a real good link to Elliot Wave for an online source about Elliot Wave. If you really want to get into Elliot Wave some books to get are: Elliot Wave Principle: Key to Market Behavior by A. J. Frost and Robert R. ...

Elliot Wave Trading

I would agree EW needs it's own Niche Forum because I think EW is a very powerful trading system. That is why I try to post charts when ever I can. We need to have discussions about the counts in each currency pair. The worst thing that can happen ...

Elliot Wave Trading

Thanks Sourour. I am a newbie with EW, so I always need a chart in front of me. I am getting enough confidence with trading that I plan on opening a live account in January. Things should get real exciting then. Jeffrey

Elliot Wave Trading

Just an update on the two trades I placed: Usd/Cad Date: 23 October 2006 Order: Sell 5 Lots Price: 1.1255 Stop/Loss: 1.1355 Take Profit: 1.1160, 1.1060, 1.0960, 1.0860, 1.0760 Still in this trade with all lots showing a 60 pip profit each. Aus/Usd ...

Elliot Wave Trading