are you referring to a shorter time frame? like 15 mins? coz in 4 hr chart i can see a bullish rally coming up soon as mentioned on post 590 .

Elliot Wave Analysis

shorting gold at 1.1203

Elliot Wave Analysis

Gold ... I thought this was a similar count to Eur/usd but noticed a small difference. EU had completed wave A with 5 waves up with a divergence on the 5th wave but gold does not seem to have the divergence so treating it as wave 3 instead of 5. Now ...

Elliot Wave Analysis

yes you are right. It is an A B C correction to the top.

Elliot Wave Analysis

EU My count states that EU has done a wave 1 and is in the process of a wave 2. after completion of wave 2 which in on my chart.. we will see a bullish rally for a wave 3. Here is my chart....

Elliot Wave Analysis

This is my view...

Elliot Wave Analysis

It's more of a swing trade than an intra-day trading. use 4 hr chart. there is a lot of noise in intraday, usually EW is quite accurate on a larger timeframe. you don't need daily analysis if you follow this. you need to put your TP on fibo levels ...

Elliot Wave Analysis

what i mean is that when you check on the monthly performance in the site mentioned, you will find aud as the weakest currency and usd as the most powerful currency, followed by nzd and cad as weaker currency, so the tradeable current pairs are ...

Elliot Wave Analysis

stop runs are usually on pairs that are not trending. So stop trading the pairs which are ranging. Go for currency strength and weakness and choose your pairs like i do. please also stop the 5 mins EW. do a higher timeframe always.

Elliot Wave Analysis

Whoever learns to "read" the hands of the Big Boys, is bound to become a millonaire. Let's see how are we going to do it. This is my take on it. Instead of choosing any random or commonly used pairs to trade, First we choose the pairs that are ...

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My post # 486. says almost the same thing... we are all sitting ducks with our small accounts.

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cad jpy is also falling as expected. already did the 161.8 for the short term ... expecting FE 200 which is FE 100 of a higher degree. 81.50 is TP

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isn't that a beautiful sight. expecting 1.3500 at least ... weekly R2 is giving a bit of resistance ... but it should break soon.

Elliot Wave Analysis

with usd/cad expected to rise , crude oil has a good potential to come down below 60. waiting for the conclusion of OPEC meeting today to see oil prices fluctuation.

Elliot Wave Analysis

THe pairs which are still in trend are all commodity currencies. usd/cad,aud/usd and nzd/usd cad/jpy,aud/jpy and nzd/jpy here is my daily chart on usd/cad

Elliot Wave Analysis

Not the best time to trade eurusd as it's in consolidation mode and needs a good breakout. The sentiment is neutral with 55% on buy mode and 45% on sell mode, so price can go anywhere. Range trading is best . The low was taken out by a couple of ...

Elliot Wave Analysis

yes ... buying from here. tight SL 5 pips below the low of last swing.

Elliot Wave Analysis

My opinion on a weekly chart on eur/usd. Although sixer's monthly chart looks like a good possibility, i'd still prefer this chart. I have drawn an equidistant channel from the start of the the bullish run and have counted my waves. check this chart:

Elliot Wave Analysis

thanks for that monthly chart sixer. The ending of A wave is still a mystery. maybe it has ended or maybe it might go down a couple of hundred pips. anyway next week we will surely know if an upward momentum will start. The cycle also ends as it's ...

Elliot Wave Analysis

I am not saying 'no' to your point of view. You may be right. I am not right most of the time. I use the word assumption a lot for everyone to know, it's just a point of view. Elliot wave although a science of it's own, it's pretty hard to predict. ...

Elliot Wave Analysis