goldtc this is my long term view. I think we are in a big Wave IV but I don't think we are going to finish it soon. There are a couple of time factors (see chart) that make me very cautious taking a long term bull trade at this moment. For now the ...

Daily and Weekly Elliott Wave Analysis

Well that's my main count and is derived out of technicals only. Don't have time right now but will post a chart later, mainly my long term Daily view and why I think the Daily correction/sideways should continue for at least 1-2 months. That's a ...

Daily and Weekly Elliott Wave Analysis

goldtc thanks for posting that H1 chart. It is a bit different than mine but the result is dramatically different in that is being quite bullish. I was counting this move up as an abc, your count is valid too. Either way a bearish move should unfold ...

Daily and Weekly Elliott Wave Analysis

Stopped out, the new wave layout being the following: The biggest change is on 4H charts where I think it will unfold in corrective waves instead of impulse wave. Reasoning being that the blue A for which the most obvious count is corrective. Which ...

Elliot Waves musings

EURUSD, H4 — Zoom in on H4. I think there is a chance of the downtrend resuming to complete the Daily C wave down. I'm short as of 1.5550 and if I'm right we should see at least 1.5100 as in the previous Daily analysis. We could go lower if ...

Elliot Waves musings

EURCHF, Daily — A very clean count on this pair on Daily. Every impulse move down can be easily broken in impulse moves. Now we are in the ABC correction that follows the big move down. Here's a rough roadmap of what I think will follow. ...

Elliot Waves musings

AUD, H4 — I use H4 charts to enter trades. Daily EW trend is paramount, I never fade it and I call it the major trend while on H4 I call it minor trend. Sometimes I have good counts on Daily but no counts on H4 but it's still ok for entry. Now ...

Elliot Waves musings

I actually read it this weekend, well most of it. And I think is one of the best on EW out of what I read until now. And I don't really post on any MT forum, maybe a couple of posts in the past but nothing else.

Elliot Waves musings

Yes taxgeek, these are the main lines that I also follow. Good luck!

Elliot Waves musings

That's what I thought at first too when looking at EW thread and seeing that every person had a different count. But having a different count is not really a problem for the trader, what matters is your count. Think your system versus their system, ...

Elliot Waves musings

AUDUSD, Daily — The bullish moves of the last 12 months were clearly 3 wave moves. The last c wave of the bigger C was a 5 wave impulse wedge that completed the c:C. Considering that what we had so for were 3 wave moves the only thing I can ...

Elliot Waves musings

EURUSD Daily — I always start from the Daily view then go down on H4 where I look for an entry. I posted this in another thread but will post it here too, will use this thread from now on. I think that we are still in the corrective downtrend, ...

Elliot Waves musings

And my view on H4.

Elliott Wave EUR/USD

This is my view on Daily. I think that we are still in the corrective downtrend, wave C. I have two targets in price for the C wave completion: 1) 1.5100 (A=C) 2) 1.4650 (A strong confluence) Currently I put more weight on the second target, ...

Elliott Wave EUR/USD

Well I wouldn't scale in around the same level. Reasoning being that if the market came back inside IB then probabily the momentum is not favoring our direction...

No Free Lunch but all the Free Coffee you can drink

Hi Mat, I know that, I use Oanda for 2+ years already. But is still no good. For example you buy 1000 units and put the 1:1 order to sell 500 units and leave the computer. You come back have the 1000 position closed at SL then price reversed and hit ...

No Free Lunch but all the Free Coffee you can drink

Hi Edwin, I agree with your reasoning, right on. Looking for true congestion IBs give us a much greater Reward to Risk indeed. I took the trade because I expect the down trend to be resumed (I have my own daily system that I use and from this system ...

No Free Lunch but all the Free Coffee you can drink

GBPUSD. I wanted a bit more bullish movement before loading shorts but let's see what market gives.

No Free Lunch but all the Free Coffee you can drink

Thanks a lot smjones for the code snippet! -soso

Lot size calculation