if thats the case then it just happened

Auslanco - GBP/JPY and GBP/USD (newstrade)

still waitng. not a strong close above trend but bias is definitely up.

Auslanco - GBP/JPY and GBP/USD (newstrade)

u in here aus? what r your thoughts?

Auslanco - GBP/JPY and GBP/USD (newstrade)

if this trendline holds and the 30 min crosses down i will short

Auslanco - GBP/JPY and GBP/USD (newstrade)

150 pip hourly candle. WOW

Auslanco - GBP/JPY and GBP/USD (newstrade)

looking for a close above trendline.

Auslanco - GBP/JPY and GBP/USD (newstrade)

longs r looking strong right now unfortunately for me i was stoped out w/1 pip

Auslanco - GBP/JPY and GBP/USD (newstrade)

great. i got stopped out +1. geez

Auslanco - GBP/JPY and GBP/USD (newstrade)

i have locked in 1 pip but it is trying to stop me out. oh well i will look for another entry

Auslanco - GBP/JPY and GBP/USD (newstrade)

LOL. I placed a but order at 226.04 b4 i went to church and now i am back and up 80 pips. Too bad it was in a demo. hate when that happens, except when i loose.

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=moneymagnet;1551169]i totally agree and ellioticians make too many adjustments to justify there opinion, that is why i just look for 3 or 5 "part" moves.[/quo if you pull up a 4 hr chart it "looks" like a clear 3 moves down and it "looks" ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

i totally agree and ellioticians make too many adjustments to justify there opinion, that is why i just look for 3 or 5 "part" moves.

Auslanco - GBP/JPY and GBP/USD (newstrade)

i believe the min. is correct but i think wave 5 can be as large as it wants as long as 3 isn't the smallest but like you i haven't done much EW study. I was just looking at some things due to boredom.

Auslanco - GBP/JPY and GBP/USD (newstrade)

i don't necessarily use EW but from my experience moves, no matter the currency, happen in 3 or 5 wave incriments

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry just got back to desk but that is correct mktjong. Even if this theory is correct it could still go up to 231 area (38.2% fibo from 244 drop) and still be in tact. so we will see

Auslanco - GBP/JPY and GBP/USD (newstrade)

wave 4 is where we are at now by the way.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I am no elliotician but this looks like a 5 wave down move with the 4th being the "Take Yo Money" wave the banks use. If this is correct we possibly have a nice 5th wave down. Any opinions?

Auslanco - GBP/JPY and GBP/USD (newstrade)

so, someone tell me which way we are going LOL. You are coreect. Somewhere soon!!!!

Auslanco - GBP/JPY and GBP/USD (newstrade)

30 min falling channel

Auslanco - GBP/JPY and GBP/USD (newstrade)

join the crew brother. losing so far for me as well. but the day ain't overr

Auslanco - GBP/JPY and GBP/USD (newstrade)