GBPJPY — Before I leave.... Something to think about... I just noticed the Previous Day's Price Range and seeing the Lower Highs and the Lower Lows..... if this pair is in a correction now, it will retrace towards as near as it could get to ...

Elliott Wave Counting with EG

GBPJPY — GBPJPY while I was sleeping....... Looking at the 1st chart, that looks to have been the proper count instead of the 2nd one. I guess I wanted the Pair to get back on the Bear trend refusing to acknowledge the fact that the projection ...

Elliott Wave Counting with EG

GBPJPY — I would consider this as an Impulse move UP because w3 was projected as FE425.00. ABC Corrections can go up to as high as FE161.8 and rarely FE 261.8. But in this case it was FE 425.0. I am more inclined to believe that this is a 5 ...

Elliott Wave Counting with EG

My apologies to all those who have been disappointed with the Ichimoku charts. They may seem out of place in this thread. But like other elliotticians, some also use various technical indicators to validate their wave counts or points of reversal. I ...

Elliott Wave Counting with EG

GBPUSD May soon reverse. waiting for the cross of Tenkan sen and Kijun sen and a signal from the stochastic oscillator cross back. GBPJPY Still looking for some move up. Positions were on a hedge from near the bottom. This is the problem/dilemna ...

Elliott Wave Counting with EG

Hi pipchaser.. incase you do not see the TF on my chart, click on the chart as if you want to save it. You will see that most of the charts are labelled according to the date, currency pair and TF. Am not sure why it does not want to print the TF ...

Elliott Wave Counting with EG

GBPJPY — wave 2 within wave 3. a slight pullback. but overall still bearish for me. EG update.... am going out till the US session. watch out for your shorts. looks like another drawdown for me till the US session. Could probably see 204.8 ...

Elliott Wave Counting with EG

continuing the count — Limits have not yet been invalidated. Hold on to your seats as this GBPJPY looks set to ride the SHORT wave down. Leaving my short trades to ride till I see a potential wave 4 pull back or will trade the lower or higher ...

Elliott Wave Counting with EG

RISKS on GBPJPY — unhedged at the zigzag pull back and re entered above it. re entered a bit early but safer with already a positive pip balance after unhedging and at re-entry point. wave52 in this internal structure could have retraced on ...

Elliott Wave Counting with EG

GBPJPY on lower TF — checking the lower TF for Potential retracement where 1 can add on to their position if they want. This seems to have finished w51 so expecting a 50-61.8% retrace back up towards 204.18 I would not recommend trading long ...

Elliott Wave Counting with EG

GBPJPY — I hope all of you profitted from that sell off. I got to unhedge my long trades by exiting my equivalent short trade after w3 bottomed just in time to still have some positive pips in the bag. Signal that there was this opportunity ...

Elliott Wave Counting with EG

GBPJPY Details 030909 — Chart 1 is a weekly chart showing the number of days each of the 4 of 5 waves within the Wave C. C1 took 16 days C2 took 13 days C3 took 26 days and C4 took 16 days To me C4 was a 3 wave structure and not a 5 wave ...

Elliott Wave Counting with EG

GBPJPY — GBPJPY Using FIB Tools to Forecast Its Track EG

Elliott Wave Counting with EG

Watch the Stochastics — I would watch Stochastics for its cross to coincide the short term reversal to head back up to the upper side of the triangle. My Buy Limit is @ 206.30 If I get the stoch cross before it hits 206.30, then I will have to ...

Elliott Wave Counting with EG

GBPJPY — w534 proposed end after the suggested symmetrical triangle is equivalent to the widest portion of the triangle. So I placed a FIB Retracement tool equivalent to the widest portion of the triangle from the end of 3 down to wave A of ...

Elliott Wave Counting with EG

GBPJPY — adjusted wave count for 3 4 and 5 Lime Green to end C3 Purple C4 Purple may be developing into a Symmetrical Triangle which could fill up the space in time towards 030908 to finish the w534. Now look at the 2nd chart (m60). I have ...

Elliott Wave Counting with EG

I apologize and must correct myself here: H4 - 2nd chart, Price also finished with w51,and w52 and w53 of the wave 5 on Daily. ******This is where I myself got lost.... should have been w51,and w52 then now developing to finish w53 of the wave 5 on ...

Elliott Wave Counting with EG

Sorry to have confused you there pipchaser. I was ranting on without warning which timeframe I was talking about. Daily - finished with wave 4.(1st chart) Time wise, w4 = w2. If wave 4 on daily is finished, then we are now on wave 5 down on daily H4 ...

Elliott Wave Counting with EG

GBPJPY — Thanks pipcatcher for bringing this up. I do not mean to shoot down your thoughts on this. However, I will just provide some points I thought you might want to consider (which I considered before I set aside the same count you just ...

Elliott Wave Counting with EG

Great Work here Kevin. I was already pondering on starting a thread on Ichimoku after discovering its use. But , thankfully you have already done this and what an excellent job you've done presenting and teaching this here. Too bad I only stumbled ...

Ichimoku Kinko Hyo