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torkay77 replied Mar 23, 2012url it took them long to realize but better late then sorry

Tobin Tax Effect on Forex
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torkay77 replied Mar 22, 2012yeah not wrong to ride wave b from here.... seems wave a has probably finished in a 5 wave sequence instead of 3 and it also took out the low of wave 4, this could hint for an even deeper correction later down to 127 or 125....not wrong to go long ...
Daily GBP/JPY analysis
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torkay77 replied Mar 22, 2012ej offers pretty much the same scenario as gj...we just finished a 5 wave uptrend sequence, started on march 6..now starting a correction which seems to be finished with abc subdivision...next we should expect a wave b which probably will test the ...
Daily EUR/JPY analysis
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torkay77 replied Mar 22, 2012price broke the wave 5 channel line and 4h MA50 channel so this retracement might be too big to be a wave 4 of 5, so the whole 5 wave upmove might be finished and we just see wave A of the correction...when it ends somewhere above the 23.&% fib we ...
Daily GBP/JPY analysis
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torkay77 replied Mar 21, 2012the sell on the chart is on my demo only..lol... it is possible there is still one of these endless wave 5s missing, going for one more high but there is also a trend line break going on now.. i wait for a candle close below i don't know how big the ...
Daily GBP/JPY analysis
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torkay77 replied Mar 21, 2012okay i deleted all that complicated elliot stuff
if the second pinbar is confirmed i enter my live short at 1.32.7 keep it simple 
Daily GBP/JPY analysis
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torkay77 replied Mar 21, 2012yeah it seems a 4h pinbar is forming
ej has the same scenario but only a 1h pinbar so far...Daily GBP/JPY analysis
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torkay77 replied Mar 20, 2012i also have a book from miner..not too bad at all...the problem is that he simplifies elliot wave at bit too much for my taste especially for the corrections...that's why i came to learn more about elliot wave :nerd:....in your example it is obvious ...
Robert Miner's Dynamic Trading learning journal
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torkay77 replied Mar 20, 2012on the daily it is also possible we are still in wave 3



Daily GBP/JPY analysis
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torkay77 replied Mar 20, 2012my last count seemed to be wrong..either wave 5 is extending or we just are in wave 3..so we still have a chance to form a diagonal ending 3-3-3-3-3 pattern, but notice the divergence building up in the stochs

Daily GBP/JPY analysis
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torkay77 replied Mar 19, 2012actually i count a 5-3-5-3 sequence but i will not argue if it is 3-3-3-3
... if the latest low is from wave 4 so what's missing is a last 5 wave sequence by the way did anybody noticed that the VIX hit the 2 year old low..maybe the calm before ...Daily GBP/JPY analysis
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torkay77 replied Mar 18, 2012in case this counting is right it can't be a valid diagonal ending or leading cause wave 4 is not overlapping wave 1, so probably there can be a fith wave extension as well ..or maybe wave 4 isn't finished yet

Daily GBP/JPY analysis
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torkay77 replied Mar 18, 2012maybe a better wave count as as a diagonal ending...but still short term bearish ... rsi shows no clear direction too...the confirmed rsi high from february 27 hints for new highs above 1.348 but before that can happens wave 5 needs to end lower but ...
EUR/CAD
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torkay77 replied Mar 17, 2012no matter how i count i don't get a bullish wave count together so what i came up with is bearish again...
edit: added another one with an irregular correction but also bearishEUR/CAD
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torkay77 replied Mar 17, 2012and finally it rallied.. don't ask me why i ended up with only 20 pips


EUR/CAD
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torkay77 replied Mar 17, 2012this indie overlooks adx over several timeframes... it might be a help but you can't backtest it ..so it's not easy to set some rules for this... if all are green your are in the middle of a full blown trend ..at the beginning of the trend it is ...
Simple Forex CobraSystem Thoughts Please?