eurusd — I am not expecting much more upside on the eurusd. The pair can be counted as an expanding diagonal, an ending pattern. These diagonals move in 3's. We can already see an abc pattern up. I would wait from here for more confirmation.

Elliott Wave Trading

The grass is always greener...

Best place in the world to trade from?

Ga toch lekker in Spanje wonen man, of Zuid-Frankrijk. Ik woon zelf in Miami, ook leuk.

Best place in the world to trade from?

Definitely Southern Spain. Malaga area or Marbella. All of the above apply, weather, mountains, schools etc. plus you are in Europe, which in trading means you can take advantage of the European market and US market during your day.

Best place in the world to trade from?

Well, that's true in a sense, that's why you need to look for high probability counts and choose the right trade setup for them. That works out to be very reliable.

Elliott Wave Trading

Yes, there has to be one correct count. If all counts are wrong, how can you make a good prediction? I agree, sometimes the correct count can only be identified afterwards, and the correct count can only be confirmed once the pattern completes. But ...

Elliott Wave Trading

On an impulse you are right. On a diagonal wave 1 and 4 will overlap.

Elliott Wave Trading

eurusd — The ending diagonal view was correct, looking for a 38.2% retracement of wave III now.

Elliott Wave Trading

I would agree with you if it were a contracting triangle, but it is an expanding triangle:

Elliott Wave Trading

eurusd daily — Here is my daily count. I have been following this expanding diagonal for several weeks now, so far it meets all requirements. My alternate is the huge wave 4 scenario as posted by Pippuller.

Elliott Wave Trading

Wave e is usually (or never) a triangle by itself. It should be a 3-wave move (abc) the e-wave you depicted is likely an x wave and would be part of a bigger move. In this case you would expect another move down, if indeed an x-wave.

Elliott Wave Trading

Depends, sometimes we win, sometimes we lose. Great advantage to elliott is that you can limit your losses as elliott gives you pretty good stops. I am a swingtrader, on my blog I post my trades. I think I gained 1900 pips last month (in 3 trades). ...

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Hi Dutchangel, Hoe gaat het? How is the move to Asia going? Nice to see some dutchies on the forex markets, they are few and far between. Good luck!

Technical Analysis Fallacy

Hi Pippuller, Yes, it requires some study. This is one I cam up with. It looks like we had an expanding triangle for a wave 4 and an ending diagonal, truncated for a wave 5. Wave iv of the diagonal overhot the trendline, that happens often. Usually ...

Elliott Wave Trading

eurusd — Pattern is maturing, spotting an ending diagonal at the end of wave III.

Elliott Wave Trading

Hi Petar, It is best to learn the skill. Buy the book "The Key to Market Behavior" by Prechter and Frost. Read the first 2 chapters and start labelling your own charts. Post them, have people in here review them and learn from your mistakes. There ...

Elliott Wave Trading

Pippuller, your wave iii in your oil chart of the enfing diagonal pattern would be the shortest wave.

Elliott Wave Trading

Free ebook on EW — Hey guys, on my blog url there is a link to a free ebook to help you spot trading opportunities with Elliott Waves. It is free until sept 23. Take advantage, it will help tremendously in understanding how to use EW for ...

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eurusd — Eurusd seems to be moving in 3's again.

Elliott Wave Trading

eurusd — Hi guys, Big reversal maybe ahead in eurusd. Look on my blog for details. mywavez.blogspot.com

Elliott Wave Trading