a symmetrical triangle on the 5min and 15min chart price consolidating on the 15min chart below some resistance. entered my trades for the day. EG

Elliott Wave Counting with EG

out at 35pips on multiple trades. may have missed some more pips... but I was already in profit and its now time for bed. looking forward to next day's session Daily does not look that definite about coming down 4hour price is still in a resistance ...

Elliott Wave Counting with EG

I just checked the chart 5minutes ago and saw price where I wanted it to be for me to put a new SELL trade. This was the retracement for wave 2 which I was waiting for ( 1hour chart )

Elliott Wave Counting with EG

15min chart is showing Divergence now. so it is moving up. But that tells me not to be greedy. Exited my trade at a small profit and waiting for wave development and coordination of multiple signals going into the same direction. Be it down or up. ...

Elliott Wave Counting with EG

Limit Buy order @1.6582 got taken earlier. "Saw it in profit for awhile in in less than 5 min, it reversed and plunged. We still have the weekly and the monthly pivots below. However, looking at the 1 hour chart now, price has zapped thru a major ...

Elliott Wave Counting with EG

15min chart is showing a primary m,ove down but is currently still in a retracement, 3 hours into the Asian session. 30min though indicates a deeper move than the 15min. Possibly in the range of 1.6582 and 1.6565 where the weekly Pivot is. ...

Elliott Wave Counting with EG

Cable — Last weeks upward move has taken out the 61.8 retracement of previous wave which topped at 1.7042. This has satisfied an expanding corrective wave guideline that wave "b" of its possible internal wave count must retrace "a" by more ...

Elliott Wave Counting with EG

Corrective waves can be very tricky. They can take the simple form or they can expand and take on complex structures. Aug 5 top is considered as potentially a Top if it was the end of a C of 4. But it could also be likely that it is the end of a 3 ...

Elliott Wave Counting with EG

Moiz, I keep an open mind when doing my wave counts. there will always be alternative counts just as I mentioned above. The key is to spot alternative counts and holding on to them till they are invalidated. Now you will say that multiple ...

Elliott Wave Counting with EG

Bedtime now. closed all positions but 1 which SL has been moved to +1. TP @ 1.6650 A free trade. Made well for the day. No need to force it. Happy Trading Everyone. EG

Elliott Wave Counting with EG

I am currently trading blind as I can not get my set up on MT4 to work and update. Just as I expected, price has been ranging in the 1-5min chart and I have already locked some profits by closing out some trades in profit earlier which at this point ...

Elliott Wave Counting with EG

Placing multiple trades (within ones risk tolerance) at different levels allows us traders to take out some trades in profit early. I would not wait until all of these trades are already in profit. I could use a trailing stop. But I prefer locking ...

Elliott Wave Counting with EG

The weekly chart shows Divergence on the MACD indicating a top for a wave C or a Wave 3. Wave B or 2 on the weekly was more like a zigzag. So we expect an expanded wave 4 if that was a W2. The more potential then that price could still rise from ...

Elliott Wave Counting with EG

Cable Have already entered at 1.6545. Pullback to 1.6321 was m first sign Second sign was pullback to 1.6480. No Divergence on the 4H yet. SO There is still potentially another high to expect. We could be seeing a new high today towards 1.6750 or ...

Elliott Wave Counting with EG

1.6500 has been taken and target has been achieved. Staying on the side for now till things clear out. There is still potential for price to go up some more. But we can't be too greedy on this. Price is at a range where it could continue to go up or ...

Elliott Wave Counting with EG

Cable potentially to rise this coming week towards 1.6500 where several resistance levels are located. But I expect it to possibly fall to 1.5835 by October 4. +/- 3 days EG

Elliott Wave Counting with EG

wave counting on the 30min would show potential wave 5 targetting the upper side of the box nearing the broken line which is actually a Schiff's Median line on the higher timeframe EG

Elliott Wave Counting with EG

Looking at the weekly and Daily Charts, c or 3 of 4a is likely a 3 of 4a. c or 3 is already more than 161.8% of a or1. Although for Cable it is likely to exceed the guideline for labelling a c or a 3. But looking at the development of the waves, the ...

Elliott Wave Counting with EG

And here is another view on why I think Cable is likely to go down. EW plus Geometry and Technical Indicators

Elliott Wave Counting with EG

Current Cable View

Elliott Wave Counting with EG