1min chart likely finishing a wave "c" but is currently potentially developing the finishing touches on its wave 4 of a wave 3 of higher degree that makes up wave "c" likely retracement down to previous resistance on 1min at 1.6356 which is lower ...

Elliott Wave Counting with EG

5min chart may show a 5 wave structure going down but haspossible wave 4 overlapping with possible wave 1. This may still be a valid 5 overlapping corrective wave a of a bigger corrective wave and could be followed by a flat or a triangle wave "b" ...

Elliott Wave Counting with EG

Did anyone notice that 2 hours before US Lunchtime, I was already mentioning the lack of divergence on the 15 min and likely the 30min charts. True enough , price was consolidating at that time which was likely a wave 4 then price was pushed up 1 ...

Elliott Wave Counting with EG

if the current move down on the 15min chart is just a correction, I would be looking for c=a or c=a(1.618). But then again ccould also be a(0.618) too. However, R2 on the daily may now be tested as support as it is also very near a level of ...

Elliott Wave Counting with EG

Good morning everyone. I trust you all had a good trade the past hour. I just woke up and saw that 1 of the 2 Limit orders I set was captured and the other one was missed by just 6pips on the 4 decimal placed price. Still happy. Daily still shows ...

Elliott Wave Counting with EG

have already collected a profit of 2.8% for the day scalping. although still holding the trade from 1.6310 pric e still looks like trying to complete another high to complete the need for divergence on the 15min and 30min TF I was able to scalp for ...

Elliott Wave Counting with EG

Daily Shows price falling off a lower median line of an upward pitchfork. This should signal a move down and having a wave count down bias. Although, candlestick formation may lead to a bullish engulfing candle after today which somehow will ...

Elliott Wave Counting with EG

After seeing the 1minute chart oscillator start to dip and providing a possible early profit on one of the trades, I decided to exit it for a few pips because when I checked the 15 min chart, There was no divergence yet and price was still climbing. ...

Elliott Wave Counting with EG

2 Sell Limit Orders have been activated 1.6310 and 1.6340 Am expecting this to go higher so will need to wait on the sideline I have 2 more Sell Limit orders above at 2 different levels. 30min shows possible corrective wave up while 1hr shows lack ...

Elliott Wave Counting with EG

Have already exited the 2 trades for a total of 4.8% profit of original Capital but risk was at 250pips for each trade. Re-entered at the retracement but got out after checking 1min and 5min charts for breakeven. Expecting some retrace here. Will ...

Elliott Wave Counting with EG

Daily The Daily chart for me is not so convincing yet for Cable to be on its long way down. It is more likely that we will see a sideways action on the Daily chart. From last Fridays long drop... it is likely we will be seeing some retracement till ...

Elliott Wave Counting with EG

Welcome to the thread Big E. I hope you get to pick up a few learnings from this thread. There are others too who have contributed well to this thread. You will just have to go back several tens of pages back. Anyway, on to the able once again. ...

Elliott Wave Counting with EG

Well, price did go up to 1.6540 up to 1.6566 and even attempted to retest it. Daily candle has attempted to breach the area of resistance again and failed. 4hr chart shows price finally falling of an area of indecision. but could still attempt to ...

Elliott Wave Counting with EG

Price is again ranging ner the DAily pivot level now. 4hr chart is still showing price to be in an area of indecision although likely bia still up. 1hr and 30min is at a level where it is trying to push thru a resistance level which once it succeeds ...

Elliott Wave Counting with EG

No I am not perfect with my forecast. But good enough to have turned my portfolio to make me live a comfortable life. Be warned that the risks I take are based on my own tolerance to risk and a money management scheme I feel comfortable with. if ...

Elliott Wave Counting with EG

I have Sell limit order somewhere below the weekly Pivot level above. That is just incase price still goes up to make a possible "C" = "A" 4hr chart does not show any divergence and the last 7 candlesticks since yesterday are trapped in a range, ...

Elliott Wave Counting with EG

I missed additional moves last night as my computer started acting up freezing my screen and preventing me from opening my charts. I could not open new trades as I did not want to trade blindly. This morning I was able to fix my computers by ...

Elliott Wave Counting with EG

Petar, I suggest you read Prechter and Frost's Book on EW. Chapters 1 up to at least 3 should put you on a clearer direction. The rules and guidelines actually provide you an idea where to enter a trade and where to project your TP and your SL. More ...

Elliott Wave Counting with EG

I hope the rest of you had the patience to wait amidst the retracement we saw. Exited @1.6632. Maybe too early resulting to missing more than 30 pips additional on each trade. But that drop was so fierce that I was happy to take what I already had. ...

Elliott Wave Counting with EG

added a short Cable @ 1.6598 as back up to my early position. this will be for a retrace if it occurs. wave count bias leaning more toward a downward move. the symmetrical triangle on the 5min and 15min chart may still be on track as wave 2 up being ...

Elliott Wave Counting with EG