By the way 5ysfx, I beliebe your 1...5 counts from your Daily chart are not EW impulse waves right? Cause they sure aren't.

Elliott Wave Trading

There was a debate on another EW forum regarding this, I'll stick to my count for now the main reason is because the last rally on Daily was corrective in nature (see chart) meaning that it wasn't an impulse therefore lower prices are a high ...

Elliott Wave Trading

That's what I am expecting too! The break of the H4 trendline would confirm the beginning of the wave down imo. P.S. Will open a thread about cycles later today.

Elliott Wave Trading

I don't know where you can find competent Gann tools for MT. I've built my own. If there's enough interest I could open a thread about my findings of Gann cycles inside currencies.

Elliott Wave Trading

Derived out of particular Gann cycles that usdjpy vibrates in.

Elliott Wave Trading

Sure, the move down I have it as [A]. I didn't bother to subdivide as it is past now... But it is clearly a complex corrective move, 7 overlapping waves down. The move up, [B], again overlapping so corrective, as expected after all. I think there ...

Elliott Wave Trading

Even more w3 of W3 is the shortest. There's no way that's a wave 3.

Elliott Wave Trading

I doubt that's a Wave 3 you have on your chart. If you try to subdivide W3 you'll see that it's w4 overlaps into w1 teritory. The whole move down looks like a corrective move to me. And the bull move that started in March is also corrective.

Elliott Wave Trading

Forgive me traders for changing my mind, again. I'm not a seasoned EWer so... Since the drop from June 2007 was clearly a corrective move I tried to identify this bullish move up as impulsive in the past but didn't succeed, now I looked again and I ...

Daily and Weekly Elliott Wave Analysis

This is my long term count. And the reason I retracted that trade is that we could already have finished b. If we go up to 110 into July 29 I expect a big drop.

Daily and Weekly Elliott Wave Analysis

I retract back this trade, I have reasons to think that the probaility is low and it could go wrong. I expect USDJPY to go near 110 on July 29. Anyone has a count for the bullish move that started in March?

Daily and Weekly Elliott Wave Analysis

That's a nice count TheCable. Very clean! I'm actually bearish on EURUSD right now...my 4h count, we hit the upper side of the channel.

Daily and Weekly Elliott Wave Analysis

Ok things look good, we are approaching 106.6 level where a = c and 50% of the move down. If it holds I'll short the first bar that breaks the low of the last bar. It could also go higher till 62% retracement, depends how this c wave unfolds.

Daily and Weekly Elliott Wave Analysis

or not.

Daily and Weekly Elliott Wave Analysis

Indeed, the most objective player. For now I hold my shorts until ~1.567. I think we might have a top now on H1, it looks like an expanding triangle that ended into 50% retracemnt of the impulse down. I will scale in short if price breaches the low ...

Daily and Weekly Elliott Wave Analysis

A SHORT opportunity on USDJPY, if price reaches 106.7 we might complete a corrective abc pattern.

Daily and Weekly Elliott Wave Analysis

This is my 4H count, for now I am maintaining my primary count on the last leg up being an abc. Although I am very cautious and know that in order for the pattern to unfold 1.559 needs to break. It is the top of Wave 1 of your count. So if this is ...

Daily and Weekly Elliott Wave Analysis

Hi goldtc, thanks for the update. Enjoy your vacation!

Daily and Weekly Elliott Wave Analysis

goldtc, do you have an opinion on AUDUSD Daily? this one is pretty confusing. What I have is a big corrective bull move and we're currently in C which looks like a diagonal triangle. But I'm not entirely convinced...

Daily and Weekly Elliott Wave Analysis

Yes I am well aware of the guideline that Wave II retraces the most, usually more than 50% of Wave I. Previously I had Wave II where green wave a is on the chart but that was completely out of proportion, in both price and time. The current ...

Daily and Weekly Elliott Wave Analysis