This is my count too. Only that I expect it to go a bit higher, near 97.00 preferably.

Elliott Wave Trading

I like this count BB.

Elliott Wave Trading

I dont have anything on EURUSD, been looking at 4H timeframe but cant see nothing worth mentioning so for me it is the waiting stage regarding this currency, for now.

Elliott Wave Trading

AUDNZD, Daily — Another Daily chart that looks good imo. We are in a consolidation that is most likely a wave 4 and the current high of this wave is pips away of a good confluence (50% retracement of waves (1) throguh (3) and 38% retracement ...

Elliott Wave Trading

GBPCAD — This is an example of how I am trading guys (or trying ), current GBPCAD Daily. I have posted this chart in the J16 thread as well last night (gmt) and in the meantime the order got activated. We are in a prolonged sideways move ...

Elliott Wave Trading

You mean like current GBPCAD Daily ?

james16 Chart Thread

Here you go url

Elliott Wave Trading

Hi Rocroy, Overall you are right in what you are saying, I'll just clear a few points from my perspective. I dont know how many ellioticians assumed that last Friday was THE bottom. I also made an assumption, I was (and still am) expecting a bottom ...

Elliott Wave Trading

I was talking about another low after this leg down completes. I have no idea the price level where this leg completes and I don't think there's any trading value in trying to bottom picking it. Always trade in the direction of impulse, right now ...

Elliott Wave Trading

Definetely FXoffshore, that's why I said (at least) a new low

Elliott Wave Trading

Daily chart. I see it as a double zigzag in which we are in the last abc where a could be completed. So this leg down should not be the last one and once the next leg up completes it should put (at least) a new low.

Elliott Wave Trading

Thanks for reminding us that our work is worthless. Now please get off this thread.

Elliott Wave Trading

That's neat. If you say that this pair is controlled by 3 wave moves then this is what I found out too for some time already. Mmm and lemme throw some recent 4h snag showing 2 things: 1) 3 wave moves are still dominant and 2) the fractal nature of ...

The trend is your friend Myth?

Point taken and feel exactly as you. Too many people try to count every turn in the market which is not really needed when trading, acually in my case find it is better to keep the count as simple as possible. it's like they say "can't see the ...

The trend is your friend Myth?

X and Y are as clearly defined as any other wave. A lot of people think that X waves are something that EW people put in places where they dont know how to count. I dont understand how this wrong idea got perpetuated in the first place. The ...

The trend is your friend Myth?

May I ask what explanation do you see that you accept these numbers instead of fibs? Actually the first one (afaik) who brought to public this concept was Gann and the numbers are derived from splitting the price range into eights & thirds. So you ...

By the way...

There's not much to talk about really. All you need is a way (your way) to define the trend. Then apply it to your trading timeframe (and other timeframes too IF your system says so).

The trend is your friend Myth?

I disagree, making the journal public you have one more emotion to deal with namely how you cope with the various people reactions reading your journal. It makes you feel better than normal when you win and worse than normal when you lose. A trading ...

Why start a trading journal?

FXoffshore I like your idea of a triangle as w.IV, in fact there is a special type of triangle in fx where the lines of the triangle slant with the trend and not against it, it is called skewed triangle more details here. All in all I believe the ...

Elliott Wave Trading

You should have waited for a clear break of 108.7 I guess...

Elliott Wave Trading