OK, one MORE post... Me thinks I may be wrong about Wave 1-2-3... here, although it hasn't played out yet. This is looking rather like we're having a double correction: A(abc) - B(abc) - C(1-2-3-4-diag5) - X - A(similar abc), -B (abc, just finished ...

Elliott Wave Counting with EG

Hi EG, I have a suggestion for you, but it's something that I'm still learning about myself. I haven't got it all figured out yet, but here is how I'm trying to project prices. I saw something similar in one of your drawings, so I assume this isn't ...

Elliott Wave Counting with EG

Hallalujah. Wave 3 without a silly Wave-2 abc zigzag.

Elliott Wave Counting with EG

WOW! Expand the timeframe on my picture a bit. Notice even more similarties as to the setup of the first zigzag correction. Now if history repeats itself yet one more time, we'll see a slightly rising flat abc and then a diagonal 5th-wave downward ...

Elliott Wave Counting with EG

Sorry, I guess we were done. NOTE the incredible similarities. The previous zigzag had big A/B/C, where the final C had abc, where a=c=150ish pips. This zigzag was same pattern, and final a=c=50ish pips, but otherwise similar. Retrace soon?? Deja vu ...

Elliott Wave Counting with EG

Add FE levels to the earlier downward zigzag. FE 1.382 held. We MAY have one more little push downwards if it's a repeat of the previous zigzag. See where I circled corresponding corrections on the picture.

Elliott Wave Counting with EG

I can't type and screen capture fast enough... note the FE levels as possible support. (It just broke FE 100 by a little)

Elliott Wave Counting with EG

If you are just reloading all the time, then you could set up an email account and notification as I have. Not too much delay, but even a little is sometimes too late. See my post #928 for what I do for email notification of these posts: url

Hakuna's pip stash

Congrats on page 100. Worth every byte!

Hakuna's pip stash

Hi EG, Refer back to my chart that theorized a huge downward ZigZag, and I thought we had begun the 5-wave big C down. That would appear to be nullified by what would have been a 2-wave going too high, above the start of 1 (the end of B). But look ...

Elliott Wave Counting with EG

Hi EG, I modified a great little utility just for you. I use Fibo Retracements all the time, including for projection purposes as well. Therefore, the original utility from Waddah Attar was just fine for my purposes. However, you use Fibo Expansion ...

Elliott Wave Counting with EG

Here's an example of what Set_Fibo_Price_Any_V2 does. The levels for both Fibo Retracement and Fibo Expansion objects are affected. On the left is a picture with default MT4 labels (levels but no prices). In the middle is the compact format (levels ...

Add price to Fibo levels automatically using Set_Fibo_Price_Any_V2.mq4

P.S. That was a risky short (! oops, I said "long" before editing) trade for Wave 4 just before big rate news, but it did play out well. For the life of me, when I saw a cut of 0.50 on FF web site, I could not fathom why GJ was tanking so far. Yes, ...

Elliott Wave Counting with EG

Unfortunately, FF Calendar is wrong. The rate cut was 0.25% down to 4.5% Federal Funds rate. The discount rate was also cut 0.25% down to 5%. Official release: url So, yes it's a cut which the market had already priced in, pretty much, so you saw ...

Elliott Wave Counting with EG

Hi HM, FYI, I took that short trade too and a loss. I thought we were beginning a downward trend. Oh well. Post mortem analysis: The low at 236.96 would have been a great Buy as it turns out. But could that have been predicted? Factors were: * Every ...

Hakuna's pip stash

GBP Nationwide housing prices well above expectations. current 1.1% expected 0.2% last 0.7% News was released 10 minutes ago, and GBPUSD shot up, taking GJ with it. However, it's backing off some now, so we'll see what happens from here.

Hakuna's pip stash

Hi EG, We will both benefit from discussing EW counts, that's for sure. With regards to that "academic" discussion on long-term GJ, I'll offer this chart of the Nikkei index from 1950-2002, from Prechter's book "Conquer the Crash", which basically ...

Elliott Wave Counting with EG

Hi EG, Thanks for taking the time to review my EW counts and offer comments. I appreciate it. Here are some of my thoughts in response: 1. Yes, my chart was a Daily perspective, and I did not try to assign counts farther back in time. However, I did ...

Elliott Wave Counting with EG

Hi EG, I have been working hard to learn EW counts. I just finished my first read through the "Elliott Wave Principle" by Frost & Prechter, and now I'm applying what I know so far. Getting the counts right for extended waves, etc. is rather tricky. ...

Elliott Wave Counting with EG