Mar 27, 2008 6:20pm
tamervip
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Member Since Mar 2008
3 Posts
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hi every one
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http://www.forexfactory.com/images/statusicon/post_old.gif Mar 28, 2008 3:41am
Serega
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162 Posts
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:wave: hi everyone:wave:
As previously i think cad will go up next month, at least 1000 pips. As for me now we at the last stage of forming of triangle. Its wave E.
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Mar 29, 2008 2:35pm
Stockvista
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1 Posts
http://www.forexfactory.com/images/icons/icon1.gif How ???
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How is it ?
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#2199
http://www.forexfactory.com/images/statusicon/post_old.gif Mar 30, 2008 5:33am
aviro25
Novice Trader
Member Since Apr 2007
35 Posts
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Quote:
Originally Posted by Serega http://www.forexfactory.com/images/buttons/viewpost.gif
You can take any material about waves and there you ll find about this rule.
If we take 3 wave extended (as usual) it should be not less than 161.8% from the 1 wave by fibo.
There are some other simple rules for labeling.
By the way, looking at your count i thought you had known about it
i thought i aware of the PHI in EW and fibonacci ratio..
thats why im asking you in case im missing something.. so ..could you please recount my picture so that i can see where is my mistakeS?
i think thats the best solution i can understand where am i wrong.
thank you in advance
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#2200
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Serega
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162 Posts
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Gbp/jpy daily. Its my view. It can also be mistakenhttp://www.forexfactory.com/images/smilies/yim/big_grin.gif
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Mar 31, 2008 2:18pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif Experimenting on Divergence and EW
GBPUSD seems likely to to form a TRIANGLE based on the EW count I got using Divergence as the main tool to distinguish between wave boundaries.
This contradicts my broker's analysis and another Broker's EW count. I know I still have a long way to go on EW. But based on what I see and the guidelines I know and remember, The Zigzag option is scratched due to the 2 "A" waves which are both 3 wave structures on the Daily chart
A 3 wave "A" is followed by a B flat or a triangle.
But because the overall structure for w54 Magenta to me is now expected to be a Triangle instead of a Zigzag, then I would be expecting 5 legs which are all 3 wave in structure 3-3-3-3-3 because this is a wave 4 corrective wave.
"A" was already in 3 wave structure
"B is expected to be in 3 wave structure too. Initially I thought that the 3 wave structure is already finished, However, another 3 waves appeared as price went down from 2.0396 down to 1.9734.
I therefore concluded that the "B" wave is not yet complete. so Price should still have room to go UP.
And since the 3 wave move from 1.9337 going UP to 2.0396 was a 3wave structured wave "a" then based on the guideline of internal structures for corrective waves, since wave a3 was in 3 waves then "b" will eithr be a Zigzag or a triangle.
In either case, price should still have room to go UP.
After a lengthy explanation, it is still not definite that I am right on this one. Price and the Market still Rules Forex.
I am just trying to apply what I can remember and what I see on my charts.
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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http://www.forexfactory.com/images/statusicon/post_old.gif Mar 31, 2008 2:59pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD continued
GBPUSD
001 0353 PHI 040108
Divergence on 1min, 5min , 15min charts
not very sure on 30min though
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Mar 31, 2008 3:45pm
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#2205
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif Part 3 GBPUSD EW and Divergence
GBPUSD Part 3
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Mar 31, 2008 7:14pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD EW and Divergence
Looks like...... again 1.9811 is the bottom.
Divergence found already on 4hr chart which initially I was monitoring from 1min to 15min charts then later on seen on 30min and 1hour charts.
Now that Divergence is already found on 4 hour chart, we may have seen the bottom for wave Xx which to me may still range and develop into a triangle on the 4hour chart and later breaking out to finish with the wave Z towards 2.0750-2.0790 which is the maximum for B of a Zigzag w54
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
001 1243 PHI
while I was undergoing a drawdown on 2 trades from yesterday, I managed to make 2 trades this morning before I left the office with a total of 3 + 18=21 pips. That was after price hit 1.9811
still have the 2 old Long trades.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 1, 2008 1:13am
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Serega
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162 Posts
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Usd/jpy one hour
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#2208
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 1, 2008 7:45pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
1.9734 has been BREACHED
PLUS 4hour trendline has been surpassed to the downside. Though a pullback has been seen, I have changed my price outlook to the downside.
These are merely my observations and thoughts. Some may trade these or some may use a contrarian view.
each to his own. my views may or may not always reflect what I trade. I hedge and sometimes hold to trades depending on my risk tolerance for each trade. and I scalp inbetween. So do not follow my analysis blindly.
use it as just a heads up for certain observations which hopefully can contribute to your analysis.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 1, 2008 8:44pm
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#2209
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Serega
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Member Since Jun 2007
162 Posts
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Quote:
Originally Posted by Serega http://www.forexfactory.com/images/buttons/viewpost.gif
Usd/jpy one hour
Bingo!!!! two targets reached!!!!http://www.forexfactory.com/images/smilies/yim/party.gif
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#2210
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 3, 2008 3:36am
Serega
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Member Since Jun 2007
162 Posts
http://www.forexfactory.com/images/icons/icon1.gif looking for short
I suppose we are at the end of C wave that consists of 5 waves. Than another segment will start down.
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Apr 6, 2008 3:48am
Serega
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162 Posts
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Cable and Gold
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http://www.forexfactory.com/images/statusicon/post_old.gif Apr 9, 2008 1:46am
Serega
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Member Since Jun 2007
162 Posts
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Hi all!!!
Seems the pair gbp/usd is moving to our targets. Thats good news.
Gold is standing.
Here guys one variant of Usd/Jpy but i have to say that I doubt in it a litle bit.
Trade your own vision.
Wish you profits
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#2215
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s3padrian
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Member Since Apr 2007
373 Posts
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GBPUSD
http://i262.photobucket.com/albums/ii92/limitmaker/gbpusd41408-1.gif
The 4H count shows a possible b-wave running triangle has finished in a complex wave-C of a higher degree.
http://i262.photobucket.com/albums/ii92/limitmaker/gbpusd414082.gif
The 1H count shows that we may be starting wave-3 down from of the end triangle.
We've got a new low past the wave-i, but it's currently being retraced. The new low might be wave-.b or an irregular flat, wave-2. If this is true, price should not retrace wave-b (because wave-b has fallen 138.2%) and wave-c would be equal to wave-c.
I have a pending sell order. I might take another sell order with a stop at the nearest 1H top.
Adrian
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#2216
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 14, 2008 9:30pm
s3padrian
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373 Posts
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http://i262.photobucket.com/albums/ii92/limitmaker/eurusd414081-2.gif
Looks to be a running triangle in the wave-4 position
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#2217
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 15, 2008 6:29am
Serega
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Member Since Jun 2007
162 Posts
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Good Counts Adrianhttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
I see you like triangles
Wish you profits
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#2218
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 15, 2008 6:52am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD Potential
GBPUSD
update
001 d3 may not be over yet on the Daily chart. IMHO price may go UP to 1.9898 ( to touch the Magenta Broken line which is a Daily Resistance TL ) still before coming down for the e3 to finish the Falling wedge formed by wave "b" of wave "B"
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 15, 2008 7:18am
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#2219
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 15, 2008 12:52pm
http://www.forexfactory.com/nfs/avatar53597_3.gifhussin naiji
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someone can give daily elliot wave analysis on chart ?
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Candles Exhaust Themselves to Give Light to Men
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#2220
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s3padrian
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373 Posts
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Flat on EU after there was no huge burst.
Here's a count on GBPJPY of a possible triangle pattern forming.
I'm short, but will reverse with evidence of the alternate variation.
http://i262.photobucket.com/albums/ii92/limitmaker/gbpjpy41508-1.gif
Apr 16, 2008 2:23am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD.
I am still holding on to this triangle. a 3 wave structure has formed downward and the end consolidating on the downward support TL of the proposed triangle.
I am still looking for price to go lower than 1.9545 which is the minimum for a FLAT B wave.
So this proposed Triangle lower degree b should have its "e" wave extend lower than 1.9545.
Therefore, this move up I would think is a wave "b" inside a 3 wave structure wave "e". retracement level is at the maximum 80% to qualify as a zigzag.... then a PLUNGE.
if the retrace up should exceed 80%, then I would have to re think my wave count.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
update:
001 I would consider 1.9752 as TP
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103364&stc=1&thumb=1&d=1208326990
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 16, 2008 2:42am
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http://www.forexfactory.com/images/statusicon/post_old.gif Apr 16, 2008 4:49am
Serega
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Member Since Jun 2007
162 Posts
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Hi Adrian, also had a break.
here how i see the pair usd/chf
two variants: brown - sell
red - buy
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#2224
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 16, 2008 8:55am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Looks like I am stuck with my trades right now. Positions are equally hedged.
I was expecting price to come down still. Although the maximum retrace I was looking at of 80% @ 1.9834 has not been reached yet...... current max of 1.9806 is quite near.
Looking or using the FIB Extention tool though seems to indicate an Impulsive move has been made instead of a corrective set of waves as Price has even ezxceeded the FE 425. instead of staying within or below FE 161.8
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update
001 2133 PHI
next target is 1.9903..... by then I will look for opportunity to exit 1/2 of my long position. I am thinking that that could be the possible end of wave 1 up.
Alternative move will be ( if price starts to come down again to 1.9500 ) is to just allow all trades run and let the long trades in a drawdown while the short trades to run in profit. Timing will be very important in this case.
002 2157 PHI
m15 Resistance @ 1.9901 S1 @ 1.9707 S2 @ 1.9651
my thoughts on this would be for price to come down to either of these 2 Support levels on the 15min charts for the wave 4 down. then followed by a move up towards 1.9834.
this means that the whole move from 1.9600 going up to 1.9806 is just the "A" leg of a 3 wave structured "B" of the wave "e" down for the triangle which is expected to make a throwover to the downside of the triangle to qualify for the over all FLAT wave "b"
so first a move down towards 1.9707 or 1.9651 followed by a move up towards 1.9834 at most
then followed by the new Plunge towards 1.9545 or lower.
003 2234 PHI
new chart added watch out. looks like it will come down near the 2 levels I mentioned earlier. those were based on other systems. while this is based on EW.
004 2347 PHI
note 15min 100 sma is at 1.9669.... based on a different system, this could provide a strong support well ahead of the initial 2nd target of 1.9651
I still think price will bounce from 1.9669 orn 1.9651 level to go up to 1.9834 max
005 0003 PHI 041708
added a chart outlining possible wave count before it happens. further fall than 1.9651 will mean my assumptions and count are wrong about price bouncing from the low of 1.9651 max to bounce toward 1.9834
006 0155 PHI
Alternative Count on GBPUSD
this anticipates a final move down now towards 1.9545.to finish wave "ce" of the smaller degree "b" of a higher degree B wave. This means that with this current move down, price will continue to go lower than 1.9651 and not bounce from this level. but continue to go down.
Target with this count is at 1.9522 which is FE 100 of a 3 wave structured wave "ce"
007 0450 PHI
Price retracing UP. I would not worry toomuch about this. Check 15min chart and you will see that this is just a retracement (IMHO). Then price will continue to go down.
And it looks like it will continue to lower levels and will most likely exhibit a throw under for the Triangle or wedge as others would call it prior to reversing and return to the Bull trend in the Medium Term.
008 0512 PHI
For those watching this notes. Remember that I have trades in opposite directions and are equally hedged. I was and am still looking for a point to unhedge.
Yes, I have earlier stated above that price seems to be going down and that this move up is just a retracement. Be warned that now I have just checked my RSI based EW tracking and the moves/waves on the 15min chart have been showing 335 3 wave structures from 2.0049 .
Current retrace IMHO could go up to 1.9750 or 1.9764 50 and 61.8% retrace of the move down from 1.9807
15min stochs is awaiting a cross back signal at overbought area while the 30min stochs is still heading up.
a 3 wave structure has been formed from 1.9806 down to 1.9690, then a move up right now which I think would end on the 50-61.8% retrace up.
To be followed by a 5 wave structure wave "c" DOWN.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=103455&stc=1&thumb=1&d=1208350537 http://www.forexfactory.com/attachment.php?attachmentid=103482&stc=1&thumb=1&d=1208356224 http://www.forexfactory.com/attachment.php?attachmentid=103513&stc=1&thumb=1&d=1208361444 http://www.forexfactory.com/attachment.php?attachmentid=103531&stc=1&thumb=1&d=1208368259
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 16, 2008 5:20pm
Apr 17, 2008 5:50pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
I may seem to have been online based on the status you saw yesterday. But the truth is, I actually left my computer running and the FF webpage open so it recorded I was online.
Sorry about that fxpredator. I was not able to help you yesterday.
I was just monitoring price thru my mobile as I was visiting clients yesterday.
Anyway...... I have finally UNHEDGED my position for +4. It was almost 240 pip GAP. 1 trade hit my shallow TP of +10 which I forgot to adjust before I went to rest last night while the other I manually closed at -6.
So Finally left with my old short trade and now with a new short trade of 50% of the old one.
Entered @ 1.9909 SHORT. Counted 5 waves up 1.9600-1.9923 (323 pips)
TP for now is 1.9723 which is the 61.8% retracement.
That is if we consider this last move up as wave 1 of a "c" wave up.
This retracement may not be enough to save or unhedge my old SHORT (from 1.9678) at profit nor at breakeven. But , let us see what can be done about it.
I can keep nursing it while price completes this wave "c" Up and wait for price to come down again ( which could really run into a huge drawdown, but at least I will not register any loss which eventually I would still have to work hard to recover ).
or I can take that loss when price hits 61.8% retracement and exit the old short trade for a loss of 55 pips which may be offset by the potential profit to be earned by new short trade which is 50% the size of the old one
hhhmmm.... that would be equivalent to earning an equivalent of 90 pips then less the 55 pips still in the drawdown, Still a NET 35 pips potential profit.
2 possible scenarios then.....
However, if this 5 wave up is the whole wave "c" up already..... then THIS would be SWEET as it would mean I can let both trades ride and RUN ALL THE WAY DOWN and look forward to both trades turning in to profit.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS. Looks like Adrian's wave B count was correct where B was an abc where "c" was an ending diagonal triangle which eneded at 1.9600
UPDATES
001 0641 PHI
Still possible for 1.9980 for a final wave 5 on another system for tracking waves. But I will hold on to my short trades for now.
worst case scenario, i will let them run even on a continuous drawdown, then re-assess my counts if it would be worth to find an opportunity to trade LONG or wait for signs of price coming down then either just wait for previous short to recover or put in a smaller short trade than the last one made.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 17, 2008 6:56pm
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daytek
Member
Member Since Jan 2007
57 Posts
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HEY HEY HEY!
How is everybody around here these days?
Please do comment on the following count, im looking for alternative scenarios on 30-60 mins for guppy.
Thank you
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Last edited by daytek, Apr 18, 2008 12:08am Reason: Forgot the chart
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#2229
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http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif welcome again
hi EG. i'm glad you have started to post againhttp://www.forexfactory.com/images/smilies/yim/thumbsup.gif
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#2230
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http://www.forexfactory.com/nfs/avatar54175_2.gifeye4spot
The only way it's up!
Member Since Nov 2007
196 Posts
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this could start a great correction? corect me if i'm wrong. http://www.forexfactory.com/images/smilies/yim/winking.gif
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#2231
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burkejonathan
Member
Member Since Jul 2005
9 Posts
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Here's where we are going with GBP. we have a contracting triangle formation in progress. This is pretty much set in stone as these are unbelievably reliable!
Then down again from the target area. Looks like a great long on Sunday night into Monday.
Here's the chart..
http://img213.imageshack.us/img213/913/gbphb2.th.jpg
This a great Long opportunity, don't miss out. Use the camarilla lines Mq4 to jump in on a break of the H3 line.
Back soon.
Johan
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#2232
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 21, 2008 7:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
I will be watching the Stochastics to keep things as simple as possible.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
001 1940 PHI
if the move down was a wc2, it looks like it was just the 5 wave structure of a potential "a" of a Zigzag ABC for wc2.
retracements are shown as ticked levels. note that this are suggested levels that price may turn around and head back down to make a 3 wave structured suggested Zigzag ABC which could be a C=A.
002 2003 PHI
Looking at Stochastics, the ups and downs may represent the EW counts.
the extended wa3 maybe that series of downward humps then followed by a rally which may be the wa4 up
we may still be seeing a move down lower than the last low to finish off a wa5. I see the move down from 2.0024 as part of wave c2 down whihc normally will end at the 61.8% retracement @ 1.9761
from a different perspective, it may also be possible that wa leg in 5 wave structure may be finished @ 1.9810 and the move up is the "b" structure of wave 2
just throwing several options out. as for me, I am on my charts watching.
have been having broadband connection problems since last friday.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 21, 2008 3:03pm
Apr 21, 2008 8:30pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD
Reading the charts below may seem very confusing due to the numerous lines. But try scaling in and scaling out of the different TFs and check the FIB retracements and Extentions.
You will see what I see.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Apr 21, 2008 9:35pm
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD Alternative count
GBPUSD Alternative count
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105110&stc=1&thumb=1&d=1208828499
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2235
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
GBPUSD went back down to meet the 61.8% retrace ( actual is 66%)
That would have been a very nice level to go LONG realy heavy and it would have been very profitable.
I personally have 3 trades starting at the 59% retrace but took them out at levels which just gave very little profits as it went up . It would have been better had I been watching my trades.
Anyway, Am looking for opportunities to put in new long trades as price goes down for a retrace.
Long term P is at 2.0659 for a C=A in a B wave on the Daily chart
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Apr 23, 2008 2:26am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif M5 G/U
this is my view on M5. we are in C wave. target 1.9880 area
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=105573&stc=1&thumb=1&d=1208931915
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Congratulations Pipchaser. The rally that followed that 161.8% FIB Extention was very profitable.
the retrace brought up a new opportunity to set Long trades.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2238
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s3padrian
Member
Member Since Apr 2007
373 Posts
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Looks like we tried longing GU with it now returning to it's bottoms.
Might still be a c-wave in a flat correction.
I'm looking at the weekly pivot to long. If it crosses 1.9819 then we're not impulsive anymore
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#2239
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
That Long on the Cable was short lived. But if one was not greedy and was watching the charts on the lower time frames, then one would now that
1. there was a nice profit to take by exiting or moving the SL to a profit level.
2. and by counting waves in the lower TF also will let one know a count is invalidated for the medium term.
Since the earlier count on the lower time frame was invalidated, then moving up to higher time frames would should that it is possible that wave 2 inside the wave C up of the DAILY chart has expanded into a FLAT corrective wave which is developing the wave c down of the wave 2 of the C up.
Looking at 1.9720 as potential end to this wC2c.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2240
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 23, 2008 10:40pm
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
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Quote:
Originally Posted by el grande http://www.forexfactory.com/images/buttons/viewpost.gif
Congratulations Pipchaser. The rally that followed that 161.8% FIB Extention was very profitable.
the retrace brought up a new opportunity to set Long trades.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Thanks a lot EG. I hope you enjoyed those pips as well.
Good luck
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#2241
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 1:43am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif GU H1
we have finished wave 2 or B. IMH W3 or C is on its way.
Good luck
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#2242
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 3:29am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif GU H1
well my count was wrong, w2 or B is not finished yet.
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#2243
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 25, 2008 5:04am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif cable h1
IMO we had a W c5 failure and now W2 or B is complete. we have a nice bullish engulfing and a good moment to enter long will be at the break of 1.9770 area.
What do you think EG?
Good luck
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Apr 27, 2008 8:57am
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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EUR/USD 4 hour
Seems like we are gonna head up again pretty soon
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__________________
It is better to be approximately right than precisely wrong
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scyang
You never know
Member Since Apr 2008
1,314 Posts
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Quote:
Originally Posted by kevmcfoster http://www.forexfactory.com/images/buttons/viewpost.gif
EUR/USD 4 hour
Seems like we are gonna head up again pretty soon
I am a newbie and just beginning to learn. Could you tell me what you see in the chart and where you expect eurusd to go in beginning day or two next week? Thanks.
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#2247
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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Quote:
Originally Posted by scyang http://www.forexfactory.com/images/buttons/viewpost.gif
I am a newbie and just beginning to learn. Could you tell me what you see in the chart and where you expect eurusd to go in beginning day or two next week? Thanks.
Hi
Elliot wave is very subjective. so im just speculating on elliot wave counts that the next move is up to atleast 1.5735 or higher
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2248
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 30, 2008 10:43am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBP/JPY H4
This is my view on GJ H4 tf. Any opinions are welcome.
Good luck
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#2249
http://www.forexfactory.com/images/statusicon/post_old.gif Apr 30, 2008 10:39pm
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif GJ H4
IMO wave B is complete, we are now in wave C which is an impulse wave. I'm waiting as wave C to touch 200.29 but time will tell.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=107982&stc=1&thumb=1&d=1209609521
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#2250
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tamervip
Member
Member Since Mar 2008
3 Posts
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hi this is my chart
defrent account in GBp gpy
and w is your opinion in my acco in GBp usd
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May 1, 2008 7:04pm
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Jai Shewaramani
Member Since Sep 2006
82 Posts
http://www.forexfactory.com/images/icons/icon1.gif
Seems like the correction continues
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif #2252
http://www.forexfactory.com/images/statusicon/post_old.gif May 2, 2008 8:50am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Perfect NFP fall???
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2253
http://www.forexfactory.com/images/statusicon/post_old.gif May 3, 2008 9:19pm
tamervip
Member
Member Since Mar 2008
3 Posts
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MY CHART
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#2254
http://www.forexfactory.com/images/statusicon/post_old.gif May 5, 2008 10:00am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Seems like the 1st leg of the correction is over...or is it tht the correction is over? I guess we will have to wait and see...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=109077&stc=1&thumb=1&d=1209996016
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2255
http://www.forexfactory.com/images/statusicon/post_old.gif May 7, 2008 5:14pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Wondering if the decline was end of wave 2 or extended correction? only time will tell
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=110030&stc=1&thumb=1&d=1210194836
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2256
http://www.forexfactory.com/images/statusicon/post_old.gif May 8, 2008 4:40pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Making sense of the non-sense
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__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
http://www.forexfactory.com/images/buttons/quote.gif
#2257
http://www.forexfactory.com/images/statusicon/post_old.gif May 8, 2008 4:53pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Another scenario as per the 1 hour chart...if its a 5-3-5 structure...then we might have a downfall untill 1.5200....hmmm...this correction is giving us some issues to think bout...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=110491&stc=1&thumb=1&d=1210280016
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2258
http://www.forexfactory.com/images/statusicon/post_old.gif May 11, 2008 2:40am
http://www.forexfactory.com/nfs/avatar55375_1.gifpipchaser
Expect the unexpected
Member Since Dec 2007
95 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPJPY
Quote:
Originally Posted by pipchaser http://www.forexfactory.com/images/buttons/viewpost.gif
IMO wave B is complete, we are now in wave C which is an impulse wave. I'm waiting as wave C to touch 200.29 but time will tell.
Good luck
Wave B was higher than I thought but Wave C touched 200.29 (and lower) on Friday and closed above. I will wait to see a clear direction of geppy.
Good luck
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111095&stc=1&thumb=1&d=1210487982
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#2259
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 7:13pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111653&stc=1&thumb=1&d=1210633986
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
May 12, 2008 11:08pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif CABLE charts
PREViously drawn charts
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111686&stc=1&thumb=1&d=1210648045 http://www.forexfactory.com/attachment.php?attachmentid=111687&stc=1&thumb=1&d=1210648045 http://www.forexfactory.com/attachment.php?attachmentid=111688&stc=1&thumb=1&d=1210648064 http://www.forexfactory.com/attachment.php?attachmentid=111689&stc=1&thumb=1&d=1210648064
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2261
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:10pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif yesterday's charts
yesterday's charts
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http://www.forexfactory.com/attachment.php?attachmentid=111694&stc=1&thumb=1&d=1210648214
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2262
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:13pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif today's charts
today's charts
a retracement has occurred which is more of a 535 from the high of 1.9632. this could be abc or 123.
but if we look at the upward retracement of this move down, it only made a 38.2% retrace which is a bit unlikely or seldom for a wave 2 to do. this would be more expected from a zigzag wave where c = a will or also can occur.
checking the fibs on the chart it has almost touched the FE 100.0 (1.9513)although it can still come down to as low as 1.9466 which is the FE 161.8
if it goes lower than 1.9466, this will be first caution level for me for a possible 123 instead of abc. final confirmation would be if price goes for a lwoer level than 1.9442 which is previous last low.
it would be worthy to also note that the decline from 1.9632 , this move has made a near perfect 61.8% retracement which is quite common with wave 2s.
so adding up all this fib retracements and fib extention levels I have been working on based on what I have read in various references. I am more inclined to consider this as a wave 2 and soon we will see CABLE starting its ascent.
note that for now this ascent that I am looking forward to is just to complete the wave B up towards the 2.0500 or higher before the big wave C down to the lows of 1.9000 or lower to 1.8700.
EGhttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=111695&stc=1&thumb=1&d=1210648297 http://www.forexfactory.com/attachment.php?attachmentid=111696&stc=1&thumb=1&d=1210648297
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2263
http://www.forexfactory.com/images/statusicon/post_old.gif May 12, 2008 11:24pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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wave 3 on the 5min chart was seen on the FE 100.o @ 1.9537/9 followed by a small pullback for wave 4 at 1.9534.
expecting wave 5 to reach 1.9552 very near the level fo the wave 4 of smaller degree of previous impulse wave @ 1.9554
expecting a rtracement down towards 1.9530 before the nice rally .
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2264
http://www.forexfactory.com/images/statusicon/post_old.gif May 13, 2008 3:41am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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BULLISH stance on the CABLE has been affected by the retracement from 1.9632. it has now retraced downwards by about 76.4%.
visually and pattern wise including the application of ew guidelines, the move down from 1.9632 can be seen as a 5 wave structure which even follows the rule on wave 4 not overlapping with wave 1.
this then puts my count in a a bit of a quandary. 5 waves up then 5 waves down. but applying a linear regression channel on that move down from 1.9632, the price on the 15min chart has stayed inside the channel. NOTE that the last leg ended as an ending diagonal triangle. could be an abcde FLAG or PENNANT pattern which is a continuation pattern .
TO me it is likely now that we will see 1.9632 again.
INITIALLY I would have gone for a 61.8% retracement towards 1.9574, but that would mean that this 5 waves in a downward channel will be considered as wave 1 down of a much bigger wave 5 down
while that initial 5 waves up from 1.9442 will have to be considered as a 3 wave structure and a zigzag wave up.... but come to think of it, stochastics pattern somehow spells it as such.
I am out of the market now except for 2 long trades from the 1.99 level that I am still nursing. have collected a nice bunch of pips today with this up and down movement.
will stay on the sideline to watch preice if it retraces to that 61.8% level up then fall or will it continue to go up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2265
http://www.forexfactory.com/images/statusicon/post_old.gif May 14, 2008 2:59am
Serega
Member
Member Since Jun 2007
162 Posts
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Hello wavers!!!
Usd/jpy H4.
Wish you profits
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May 14, 2008 9:33am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Cable
SL for trading wave 5 up is at 1.9410
Possible wave 1 UP (red) end at FE 61.8 wave 0-3-4 @ 1.9500
Looking for wave 2 to fill GAP
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
UPDATE: looks like a failed one already. alternative is an irregular FLAT
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=112317&stc=1&thumb=1&d=1210774062
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=112308&stc=1&d=1210772516
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, May 14, 2008 10:07am
http://www.forexfactory.com/images/buttons/quote.gif #2267
http://www.forexfactory.com/images/statusicon/post_old.gif May 14, 2008 1:37pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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ALTERNATIVE count for a possible anomaly
IN as much as I want Cable to begin its ascent, this possible STOCHASTICS reading anomaly against the price dips do not seem to match up.
Divergence I think still need to exhibit oversold / overbought levels at wave ends.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=112390&stc=1&thumb=1&d=1210786455
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2268
http://www.forexfactory.com/images/statusicon/post_old.gif May 18, 2008 4:46pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Another fall in Usd/Jpy?
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#2269
http://www.forexfactory.com/images/statusicon/post_old.gif May 19, 2008 2:55pm
s3padrian
Member
Member Since Apr 2007
373 Posts
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Well I haven't posted a chart in a long time on USDJPY, so here's one!
Right now USDJPY is not very clear on the long term. We've had overlap on several degrees, and the 1,2,1,2 pattern did not fall in a decreasing Fibonacci relationship; however, the price patterns of the current rally have been very corrective; therefore, price should start making lows. Unfortunately, to my knowledge, the current price patterns do not dictate when these new lows will take place. I've been sitting patiently waiting for signs of the mid-term direction.
I look forward to discussing it with you.
Adrian
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#2270
http://www.forexfactory.com/images/statusicon/post_old.gif May 20, 2008 5:41pm
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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.
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It is better to be approximately right than precisely wrong
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Last edited by kevmcfoster, May 20, 2008 6:29pm
May 21, 2008 1:25am
farawave
Member
Member Since May 2008
2 Posts
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http://www.forexfactory.com/images/buttons/quote.gif #2275
http://www.forexfactory.com/images/statusicon/post_old.gif May 22, 2008 10:17am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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so far so good....
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=114858&stc=1&thumb=1&d=1211465832 http://www.forexfactory.com/attachment.php?attachmentid=114859&stc=1&thumb=1&d=1211465832
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
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#2276
http://www.forexfactory.com/images/statusicon/post_old.gif May 26, 2008 12:19pm
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBP/JPY
Hey traders, whats up...
Market its a litlle crazy in the last two weeks...I believe that this are very hard days for EW traders, so just a few pips its a lot in the days like this....
However, there is somethnig interesting on GBP/JPY.... looks like we have double zigzag, so maybe the short positions are not so far away....I would deffinatly short this one today, but as we all now, there is holiday in US and UK, so I will wait till tommorow to see how will turn this out....
Ok, the only thing that bothers me on this one is that price bounced from 200 simple MA on 2h timeframe...so I beieve that after breaking this zone, should MA become very strong resistance to push prices lower...and then could be new trend in process...
If you look at the chart below, its obvious that we have impulsive wave from Friday...so today we deffinatly could be in a correction...However I am expecting something like simple zigzag or flat with irregular B..esspecially if we have in mind that first wave a oif II is a three wave move...
Today we could see price to go up in to the same area as previous wave iv of lesser degree..A lot of times the wave 2 find the resistance as wave iv of lesser degree..in our case around 205,30....
Its also interesting that first zigzag is equal extacly at 395 pips as the second zigzag....
See ya, Grega
http://www.trading-fx.si/fx/netanalize/gbp-jpy1.gif
Last edited by money, May 26, 2008 3:55pm
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#2277
http://www.forexfactory.com/images/statusicon/post_old.gif May 26, 2008 6:18pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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GBPJPY 4 HOUR
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=115782&stc=1&thumb=1&d=1211840275
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2278
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 2:22am
Serega
Member
Member Since Jun 2007
162 Posts
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USD/CAD DAY
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#2279
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 7:11am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Irrelevant post to forex...
For people who do care bout the Dow...here's my view on the 4 hour Dow chart...
2 possibilities...
Also, the crude oil scenario...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=115935&stc=1&thumb=1&d=1211886676 http://www.forexfactory.com/attachment.php?attachmentid=115944&stc=1&thumb=1&d=1211889753
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
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Last edited by kevmcfoster, May 27, 2008 8:02am Reason: Adding crude
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#2280
http://www.forexfactory.com/images/statusicon/post_old.gif May 27, 2008 6:02pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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eur/usd and usd/jpy...both moving nicely
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116089&stc=1&thumb=1&d=1211925735 http://www.forexfactory.com/attachment.php?attachmentid=116091&stc=1&thumb=1&d=1211926055
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
May 29, 2008 2:35am
Serega
Member
Member Since Jun 2007
162 Posts
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Usd/chf possible count. As for me we are at the end of correcti. I expect on another move down. But we should be careful, because if the high 1.0600 will be broken, tha pair can rush up
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116588&stc=1&thumb=1&d=1212042897
Last edited by Serega, May 29, 2008 2:48am
http://www.forexfactory.com/images/buttons/quote.gif #2282
http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 3:04am
Serega
Member
Member Since Jun 2007
162 Posts
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Looking on cable...
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116603&stc=1&thumb=1&d=1212044666
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#2283
http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 10:01am
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Euro/usd and gbp/jpy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116728&stc=1&thumb=1&d=1212069634 http://www.forexfactory.com/attachment.php?attachmentid=116729&stc=1&thumb=1&d=1212069634
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2284
http://www.forexfactory.com/images/statusicon/post_old.gif May 29, 2008 7:29pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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Adjusting count for usdjpy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=116901&stc=1&thumb=1&d=1212103850
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
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#2285
http://www.forexfactory.com/images/statusicon/post_old.gif May 30, 2008 12:17pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
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Daily Charts for Cable
Note that this is just a follow thru of previous meduim term forecast for GBPUSD.
If you will check previous charts on Daily and weekly forecast, I have explained there that I am looking for a C wave Up to complete a the Big B wave of a FLAT or Irregular Flat which could potentially end at least at 90% of the Big wave A ( 90% @ 2.0975 ) or at the most towards the 132% of Big wave A @ 2.1861.
Rememebr that the Path to the wave's end is not direct. Completion could take weeks or months while Cable whipsaws price as it works its way Up.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=117142&stc=1&thumb=1&d=1212164111 http://www.forexfactory.com/attachment.php?attachmentid=117143&stc=1&thumb=1&d=1212164111 http://www.forexfactory.com/attachment.php?attachmentid=117144&stc=1&thumb=1&d=1212164217
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
May 31, 2008 6:31pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Below is the original chart to trace history of above analysis and charts.
Followed by what seems to be happening on the lower timeframes.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=117364&stc=1&thumb=1&d=1212272954 http://www.forexfactory.com/attachment.php?attachmentid=117365&stc=1&thumb=1&d=1212272954
Attached Imageshttp://www.forexfactory.com/attachment.php?attachmentid=117366&stc=1&d=1212272994 http://www.forexfactory.com/attachment.php?attachmentid=117367&stc=1&d=1212272994 http://www.forexfactory.com/attachment.php?attachmentid=117368&stc=1&d=1212273022 http://www.forexfactory.com/attachment.php?attachmentid=117369&stc=1&d=1212273022
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
http://www.forexfactory.com/images/buttons/quote.gif #2287
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 2:36am
http://www.forexfactory.com/nfs/avatar65828_1.gifffujifilm
Be Consistent Profiting Trader
Member Since Apr 2008
http://www.forexfactory.com/images/misc/1kt.gif169 Posts
http://www.forexfactory.com/images/icons/icon1.gif new member for this thread
hi eg,
Just found ure thread.I also wanna learn EW from u.Still beginner in EW. Hope i can have informative resource from this thread.
Thanks
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#2288
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 4:21am
OwningSoros
Member Since May 2008
138 Posts
http://www.forexfactory.com/images/icons/icon1.gif http://www.dailyfx.com/story/special...814189581.html
http://www.dailyfx.com/story/special...814189581.html
is the above report correct?
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#2289
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 8:33am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Potential Micro EW Count for Cable
Initially, I was thinking there could be a possible reversal now for Cable ( short term ) considering that a Possible Bearish Harmonic Pattern can be seen on the 5minute and 1minute charts.
To top it off, a possible multiple resistance is seen on the 1 minute chart
But trying to use MACD to help discern possible wave divisions and using Divergence to further validate wave turns, then I also realived a possible ending diagonal triangle wave 5 in the offing.....
I am now inclined to have a bias towards a small further push UP from the multiple resistancefor the final wave 5 which would then complete the ending diagonal triangle or still have that possible throwover...
Afterwhich Cable may be seen to retrace its way down towards first the base of that ending diagonal triangle which is near the lev el of 38.2% of the whole climb from Friday.
other possible retracement levels are 50% @ 1.9755 and 61.8% @ 1.9738.(usual). But we have to remember that Cable is most likely in a wave 3 of a higher degree wave C which normally exhibits a strong urge of getting back on the trend without the usual 61.8% retracement. And most likely it would only retrace by 38.2% and this somehow coincides with the usual characteristics of price which just underwent an ending Diagonal triangle where Price would normally retrace towards the base of that ending diagonal triangle.
These are all probabilities. you need to have other factors to convince yourself that this is what is actually going to happen.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS.
ffujifilm..... Welcome to the thread. I cannot offer resources to learn from here except to lead you to the url of www.elliottwave.com
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=117462&stc=1&thumb=1&d=1212323330 http://www.forexfactory.com/attachment.php?attachmentid=117463&stc=1&thumb=1&d=1212323330 http://www.forexfactory.com/attachment.php?attachmentid=117464&stc=1&thumb=1&d=1212323359 http://www.forexfactory.com/attachment.php?attachmentid=117465&stc=1&thumb=1&d=1212323359
http://www.forexfactory.com/attachment.php?attachmentid=117467&stc=1&thumb=1&d=1212323539 http://www.forexfactory.com/attachment.php?attachmentid=117468&stc=1&thumb=1&d=1212323539
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Jun 1, 2008 5:42pm
http://www.forexfactory.com/nfs/avatar20353_2.gifkevmcfoster
Jai Shewaramani
Member Since Sep 2006
82 Posts
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gbpjpy n eurjpy
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=117574&stc=1&thumb=1&d=1212356528 http://www.forexfactory.com/attachment.php?attachmentid=117576&stc=1&thumb=1&d=1212357486
__________________
It is better to be approximately right than precisely wrong
To be the Best, you have to beat the Rest!!!
It doesn't matter what you know, it's how you use it...
Last edited by kevmcfoster, Jun 1, 2008 5:58pm
http://www.forexfactory.com/images/buttons/quote.gif #2291
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 1, 2008 6:46pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Caution on Cable
Note following levels if breached
1.9683 warning
1.9673 ew count is invalidated
Retracement for w2 went deeper than I expected. therefore it cannot be wave 2 anymore because it has gone lower than the wave 31 origin I had initially labelled.
if you were not greedy after seeing the potential ending diagonal triangle on the 5min chart then a short trade as the market opened would have put you in a lot of profit now.
Price seems to be looking for more downside movement now.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
PS....if the downside movement proceeds to breach the levels enumerated above, then I would look at the 50-61.8% retrace from the lower level @ 1.9364
these would be
FE 100 @ 1.9636
FE 161.8 @ 1.9529 which incidentally also falls near a median line on the 4hour chart plus this is also at the 61.8% retrace (1.9548)
Bulls will have to give in to the bears for now so the bears can join the Bulls to 2.0000+
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jun 1, 2008 6:59pm
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#2292
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Jai Shewaramani
Member Since Sep 2006
82 Posts
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GBPUSD daily and DOW 1 hour
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#2293
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 4, 2008 2:41am
s3padrian
Member
Member Since Apr 2007
373 Posts
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Still lots of possibilities out there for USDJPY. Here's what I see so far. I'm not going to rule out a rally to 107 though. It's been in my head for awhile.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=118524&stc=1&thumb=1&d=1212561675
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#2294
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 4, 2008 6:30am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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Cable
"PS....if the downside movement proceeds to breach the levels enumerated above, then I would look at the 50-61.8% retrace from the lower level @ 1.9364
these would be
FE 100 @ 1.9636
FE 161.8 @ 1.9529 which incidentally also falls near a median line on the 4hour chart plus this is also at the 61.8% retrace (1.9548)
Bulls will have to give in to the bears for now so the bears can join the Bulls to 2.0000+"
Above is from an earlier post...
Based 0n EW , Cable has hit 61.8% retracement @ 1.9548
1. 1.9535 has been achieved as of London session
2. There is a Bullish Harmonic Pattern on the 4hour and 1hour charts with a range End of 1.9577 - 1.9470
3. I am missing Divergence on the 15 minute chart to signal a return to the UPTREND
for now, my Cable Long Trades are under a drawdown 8 in all. Out of the 3 long term short trades I have nursed for almost 2 months, have exited 1st for a 4 pip loss while the 2nd which was relieved today was out for +3. Now I still have 1 remaining Short trade which I hope to relieve come US session.
GBPJPY....
1 more DIP lower than 204.53 to complete the Divergence on 15min chart for this correction to the UPTREND
Bullish Harmonic Pattern on the 15min, 30min and 1hr charts down to 204.39
Lacking Divergence on 1hr, 30min, 15min and 5min charts
@2209 PHI Cable
Divergence on the 15min chart right b4 news. waiting for 5min and 1min Divergence
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jun 4, 2008 10:01am
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#2295
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s3padrian
Member
Member Since Apr 2007
373 Posts
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GBPJPY is definitely showing a sign to the down size, unfortunately we don't know when it will start falling.
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Jun 7, 2008 8:04am
zweig
Member
Member Since Jun 2008
47 Posts
http://www.forexfactory.com/images/icons/icon1.gif eur/jpy
hallo traders..
ive attached a daily chart of the eur/jpy where we can see its in a rising wedge formation.we all its a trend reversal setup. you can see ive got 4 legs in the wedge and we looking for the final leg to 5 . can anyone help me out with the elliot wave formula,where possible leg 5 will be. can you also tell me how do you work the final leg out.
Attached Thumbnailshttp://www.forexfactory.com/attachment.php?attachmentid=119554&stc=1&thumb=1&d=1212840271
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http://www.forexfactory.com/images/statusicon/post_old.gif Jun 7, 2008 10:30am
zweig
Member
Member Since Jun 2008
47 Posts
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anyone one want to help the final leg target before trend revers?
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#2298
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 8, 2008 7:45am
money
Multiple Usernames
Member Since Jul 2007
http://www.forexfactory.com/images/misc/1kt.gif106 Posts
http://www.forexfactory.com/images/icons/icon1.gif EUR/JPY
Zwieg, to honest, i dont see prices so low at this time, esspeccialy if I have right about possiblle correction structure named FLAT with 3-3-5 subwaves. Now are more actual long positions, cause resistance line from July 07, has been broken, and in many cases prices retraces to this line, which should become support now. So i see very good opportunity to hold long position after pullaback to 164,00-164,00 zone. Look the picture.. See you, Grega.
http://www.forexfactory.com/attachment.php?attachmentid=119655&thumb=1&d=1212925520
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#2299
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zweig
Member
Member Since Jun 2008
47 Posts
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ok mmoney,ive seen what you mean, a bit dissapointed in this pair ,wait so long for this pair to tumble to the south,but it seem its not gonna happen,thnx for youre reply
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#2300
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 8, 2008 12:00pm
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Be Consistent Profiting Trader
Member Since Apr 2008
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http://www.forexfactory.com/images/icons/icon1.gif geepy
Hi EG or anyone,
If u have time just comment my counting...is it valid?
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#2301
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 9, 2008 9:39am
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Be Consistent Profiting Trader
Member Since Apr 2008
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Quote:
Originally Posted by ffujifilm http://www.forexfactory.com/images/buttons/viewpost.gif
Hi EG or anyone,
If u have time just comment my counting...is it valid?
Break the wave rules.Its invalid now..
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Welcome to My Blog!!
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#2302
http://www.forexfactory.com/images/statusicon/post_old.gif Jun 29, 2008 9:09am
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Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Usd/Cad
Short Term wave-count ...............http://www.forexfactory.com/images/smilies/yim/happy.gif
---------------------------------------------------
Only a Probability !..................... Not Cast in Stone
----------------------------------------------------
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Jun 30, 2008 7:11pm
http://www.forexfactory.com/nfs/avatar25165_1.gifmarketwavez
Senior Member
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif768 Posts
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Usd/Cad
Yesterday .....to..........Today !
--------------------------------------------
Gap now closed ...........http://www.forexfactory.com/images/smilies/yim/winking.gif
---------------------------------------------------
Original Post : .......See Post # 2302
Wave " C " Rally
Long @ .0096 ( Stop .0065 ) ............... Targets ( See chart below )
/////////////////////////////////////////////////////////////////////////////////
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Last edited by marketwavez, Jul 1, 2008 7:56am
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
4hour chart wave count.
Note that this is how I see Price to be developing. I have already closed my last short trade.
Have set myself up for LONG Trades. looking for price to achieve 90% retrace at least if this wave 4 corrective wave expansion is a FLAT.
Why possibly a FLAT? THere are 5 overlapping zigzag waves which can be grouped into just 3. For A to be in 3 wave structure, Wave B is expected to be either a FLAT or a TRIANGLE.
If a FLAT, the price should retrace by at least 90% up to 132% while if a triangle this should be about 61.8% for Leg "a".
While a do not hold any short right now, I have several Long trades. NO SL so I would strongly advise anyone planning to use my chart as basis for their trade NOT TO DO SO unless you are ready to face the consecquences.
if it goes down, there is no SL while if it goes up then I look for the completion of wave B.
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Aug 1, 2008 1:15pm
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#2305
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Donadoney
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A head and shoulders is an ABC correction what happens to the count after the correction? Is the uptrend going to continue...and what would the count look like if it did? Or is a head and shoulders the beginning of a downtrend in the case of the end of a bull market...and what would the count look like?
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#2306
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12345abc
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Member Since Jul 2008
34 Posts
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It depends on where it is in the cycle if it forms off 5,5,5,5 then it's at least an extreme corection....if it happens of just one count of 5 (small degree) it's a wave 2
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#2307
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Gbpusd_080408_ew Analysis Videos
I tried attaching or embedding links to this post hoping to have the videos showing on the thread itself instead of going to You Tube. Unfortunately, it is not possible to show the video here just like on the Blogger website.
May I suggest to FF Moderators/owners to look into this possiblity so that we need not get out of the FF website to watch video presentation of presentations related to forex trading. You can check how Blogger does it. I know because I was able to do this on my Blog. It makes for better and easier organizing of video presentations.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Aug 4, 2008 9:18am
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#2308
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD_080408
GBPUSD_080408_240min
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
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#2309
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el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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GBPUSD
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Aug 6, 2008 1:51pm
mvusal
Member
Member Since Aug 2008
1 Posts
http://www.forexfactory.com/images/icons/icon1.gif eurusd: is it bottom?
Hi everybody.
Here is my view for eurusd
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Dec 27, 2008 8:42pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif GBPUSD
Here are some notes on the Cable.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Dec 27, 2008 8:56pm
Dec 30, 2008 10:15am
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
http://www.forexfactory.com/images/misc/6kt.gif1,793 Posts
http://www.forexfactory.com/images/icons/icon1.gif Cable Ideas
Potential Counts for Cable.
I have my Primary Count and an Alternative Count.
See if you can find some logic in it.
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EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Dec 30, 2008 11:10am
http://www.forexfactory.com/images/buttons/quote.gif #2323
http://www.forexfactory.com/images/statusicon/post_old.gif Jan 1, 2009 8:55pm
el grande
Latagaw FOREX_ EWA
Member Since Nov 2006
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http://www.forexfactory.com/images/icons/icon1.gif Cable Charts and notes_010209
Note on the 3rd chart you will see Targets for 3 and 5 Yellow using the FIB Extention tool.
3 Yellow may have already been achieved
5 Yellow is next inline and is estimated to be a little above FE 261.8 just as 3 Yellow was a little above FE 161.8
then w52 seems to have been finished with the shallow retracement of around 23.6% which could signal a continued move down to accomplish wave53.
w54 target is at 1.2402 which is w35 Magenta
this is within the range of Projecting w3 Aqua using the FIB extention tool from waves 0-1-2 Aqua on the weekly chart
and aslo within the range for projecting the end of wave 35 Magenta using the FIB Extention tool from waves 0-31-32 Magenta.
EGhttp://www.forexfactory.com/images/smilies/yim/happy.gif
I am attaching revised notes I made last night which I drafted while the FF server seemed to have been under maintenance procedure.
...........
010109 Notes on Cable EG Analysis
On the weekly chart w1 and w2 down is finished
w1 in 5 waves
w2 in 3 waves as in a 3 wave traditional triangle
w3 in progress
w3 is extending as can be seen on the daily chart
w31 is finished
w32 is finished
w33 is finished and can be seen as an extended wave even on the daily chart
w34 is finished as an irregular flat and not anymore as an expanding triangle
w35 is in progress
using the FIB Extention Tool to project w3 and w5
w3 being extended and as can be seen on the chart would seem to end at FE 425
This is also within the range for the target of w35 using the FIB extention tool within the w3 wave extention projection
using the FIB Extention Tool to project w33 and w35,
w33 ended before reaching FE 161.8
w35 is expected to end before reaching FE 261.8
therefore, seeing that 1.2402 is in the range of projection for the end of w3 and w35
it is therefore very possible that there will be further moves down to end w35 Magenta also referred to as 3 Aqua
however, let us check the subdivisions within w35 in the daily chart and the h4 chart.
Reviewing the analysis above:
using the FIB Extention Tool to project w33 and w35,
w33 ended before reaching FE 161.8
w35 is expected to end before reaching FE 261.8
Again I would look at w35 as an extended wave too as I watch the Daily Chart.
On the H4 chart, the way that the price candlesticks on my chart looks would seem to show
1 Yellow is finished
2 Yellow as having retrace 1 quite deep
3 Yellow seems to have had a sharp decline as in any typical wave 3 with its subdivisions not so eveident on the H4 chart.
4 Yellow does not overlap with 1 yellow
5 Yellow exhibits extened characteristics, with its lower degree 5 possibly a truncated 5th
From here….. I am proposing that w35 Magenta will be extended just like w33 based on a separate analysis
Therefore, 5 Yellow on the 3rd chart is roposed to be end of w51 Aqua of w35 Magenta.
On the H4 chart you will see that 2 yellow retraced 1 Yellow by around 76.4% while 4 Yellow retraced 3 Yellow by around 23.6%
This completes the 100% retracement in terms of combined retracement percentages but not in actual values for wave 2 and 4 using the guidelines
.
It would seem that now a temporary bottom is in place at 1.4350 to end w51 Aqua (w351).
Only on the 1 min chart will you see that a 5 wave motive secquence is finished and using a different tool would indicate that this is the first sub wave 1 of an upward move.
I know those more knowledgeable seem to be seeing Cable retracing towards the 1.66 level already.
However, on my chart lower than the H4 Period, I see Cable just having finished a shallow retracement to finish w352 or w52 Aqua on the 3rd chart
And will continue to move down towards 1.2403 for the short term range.
Before it does move up for the w4 Aqua.
I hope these notes would help some of you. Kindly excuse the format I used and the rough ideas and count on my chart. I cannot expect all of you to understand it. But hopefully someone will be able to use it.
Just sharing with you thoughts running on my mind now.
EGJ
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__________________
EW Counts are basically about increasing Probabilities. They are not Perfect. My EW Counts are Recommended for DEMO Trading only. They should be viewed as POTENTIAL Scenarios and MUST NEVER be considered as TRADE CALLS
Last edited by el grande, Jan 1, 2009 9:45pm