Can I throw in my two cents.......I have a entry sell at 4695......and it doesn't matter what happens till it gets hit....go trade a pair you can read some structure and jump on a impulse wave......trying to count waves like this will make you old ...

Elliott Wave Counting with EG

Never heard of the 4X until about 5 years ago......Have never traded a stock,option, or anything else...I am a one trick pony...although my style of trading would fit any market, I like the liquidity and profits in Forex. I spent 27 years as a Real ...

When did you start trading?

everyone is looking at a 1 week chart pattern and wavez marches out a 2 hour chart to "clarify" the big picture.....precious.......

Perfect Head & Shoulder In GBPJPY_crash_again??

a 20k and a 27k for me..same reasons......

Lets talk about Capitalization

good calls...I'm already short the NZL and I've been waiting all day for 8750 on the aussie.......

Elliott Wave Counting with EG

ah Bear, I see.......naturally the more money a person has the greater the tolerance...this would be generally true........I was going to open up a managed account for friends and such a while back...minmum investment was going to be 10k.....I ...

Lets talk about Capitalization

Keep thinking that........

Books on price action

Thats all good.......I just have problems with arbritary stop losses.....you must at least place a stop behind a barrier to protect it from retraces.....or you will find alot of stops get hit and then the currency goes the direction you thought it ...

Elliott Wave Counting with EG

It's not measured in months or years,,,,,,It's measured in hours......how many hours of busting your tail studying, searching, exposing yourself to the markets.....I'd say if your busting your tail 20+ hours a week on the above, you can trade ...

How many years to become profitable?

ummmm if this thread is about tading the EW than stops are determined by what the currency can not do according to EW rules...arbitrary stopp losses are sure things to get hit often.....size of stop determines how many lots you can trade......I ...

Elliott Wave Counting with EG

I usr fxtrek...but try to click on the name of the indicator.....you might get a drop box with an option to use and alias.....this is how it works for me

Hide indicator name

Elliot wave principles..by Frost and Prechter.........when boiled down, EW is just price action within Fibonacci guidelines.......

Books on price action

IF someone was going to make a living solely from trading profits, I would say you need 100k.....and make 10% return per month...10k per month you can have at least some lifestyle.......but there are other income sources....get an IB agreement with ...

Lets talk about Capitalization

I didn't start with alot of capital.....but what I have found is, if a person can make what live money they have grow consistantly in the forex, you don't need capital, capital comes and finds you.....I am about to put 3 million into play but it is ...

Lets talk about Capitalization

so much for our H&S........next trade..........

Elliott Wave Counting with EG

we'll see, thats my alternate.....in the a,b,c,d,e pattern you have drawn it's important to know the count rom 30 years ago on the monthly.....my preferred count is your "A" is my "a" since it was 3 waves a move down out of this pattern woud be a ...

Elliott Wave Counting with EG

I'm looking for 219ish also.....so don't sweat the small stuff.........sell when we get there and you can justify an ABC with C having 5 waves on a 1 hour chart.....take it to a new low and count your money.....

Elliott Wave Counting with EG

go to a 4 hour and tell me what you see........

Elliott Wave Counting with EG

Looks like a 4 in the making on gbp/jpy.....when in doubt, go to longer term charts and use Fibonacci and the norms of the waves...i.e. wave 4 does a 38% retrace of wave 3.......when the waves get complex, fall back on the rules...you may miss a ...

Elliott Wave Counting with EG

Very good!!!!!! watch the Yen pairs....they are now doing wave 2 of wave 3....after this push up, 62% or so, we go on a rocket ride......your count on the euro looks great, and yes, I liked your 2nd chart count.....good trading.....

Elliott Wave Counting with EG