And a few hours later. As I said it doesnt get much better than this. Of course it doesnt always working as nice as today. At this point protect 1st half and the 2nd half keep it in case of a prolonged down trend.

Elliott Wave Trading

Actually you dont have to label the previous trend/wave and many times the right point is the top/bottom. You can have a logical wave expectation using EW patterns in isolation without being needed to count anything. Example, I am only trading waves ...

Elliott Wave Trading

I fully agree. It is the downfall of most EW traders. Because of the way EW theory is defined many think that if a count looks best IT WILL hold true in the future, which obviously isnt the case. EW is just a market map at best and the trader still ...

Elliott Wave Trading

Very nice Scalper1, same thing on GBPUSD but at ret 62 instead of 78.

Pattern Trading

High on my live feed was 1.6412. Dont know what the spread was.

I need a price confirmation.

EURJPY, H4 — Position update of url Closed half for 6.5R just now at higher-degree abc typical level, the other half is trailed for the possibility of the continuation of the trend down. Good luck!

Elliott Wave Trading

GOLD, H4 — Found support for now, typical abc projection + ret 78, waiting for positive PA. Have a good week everyone!

Elliott Wave Trading

NZDUSD, H4 — Same thing on NZDUSD... am waiting for bullish PA if it reaches 100 level.

Elliott Wave Trading

Sure, check the attached chart, it is GBPCHF Daily. Do you see the resistance at c = 62% of a? That is what I am talking about. If you check the Daily IBM from before you can see the same rejection.

Elliott Wave Trading

Clear Elliot Waves — Was looking around at CFDs and the first one I stumbled was the Daily IBM. There's nothing more clear than this, a clear impulse followed by a clear 3 wave correction that ended at the typical zigzag level. No complex ...

Elliott Wave Trading

EURGBP, H4 — Hey guys, it looks like EURGBP did the typical abc and found strong resistance near 0.863, I'll look for shorts now..

Elliott Wave Trading

EURJPY, H4 — I'll look to short EURJPY under 135.9.

Elliott Wave Trading

A chart explaining it would be much better.

Elliott Wave Trading

Hi pkimnyc, I''m fine thanks, been lurking around without posting, today was the exception . Hope you're well too mate. I took a look on the weekly sorry but it is not clear to me...this days I'm trying to keep things simple. H4 EURJPY, although ...

Elliott Wave Trading

Lol, dont know what you mean by that but I hope is something good Back to ABCs, the eurjpy high was exceed so the setup was invalidated. I would still take a short around here but only if we have a strong bearish reversal like a large pin bar or ...

Elliott Wave Trading

If you mean the huge correction from Daily then it is hard to say. It didnt reach the typical abc level (a=c) so I didnt get an entry. But if you zoom in to H4 we had a typical abc setup for LONG, dont know if it is a correction or the new up trend. ...

Elliott Wave Trading

eurjpy, h4 — Hey guys, keeping things simple... typical abc correction to a first impulse. Good luck!

Elliott Wave Trading

EURUSD, H4 — Hey guys, as of now we only have 3 waves down... That's the only straightforward count for me so no change of trend, yet. Followed by an impulse move up which looks like it could be corrected by a simple abc. If price reaches ...

Elliott Wave Trading

Your w4 is really out of proportion considering the rest of the pattern. You may want to reconsider...Cheers.

Elliott Wave Trading

Here's an alternative count, if it's true then w5 is already in place. Cheers.

Elliott Wave Trading