Yes.... trade directions will always be guided by potential wave counts. then I use trendlines, stochastics, MACD to enhance and Pivot SR Levels and a whole bunch of other technical indicators for multiple validations/confirmations. EG

Elliott Wave Counting with EG

EURUSD continued — You may all wonder why I discuss wave counts and projection on the smaller time frames which I do not even tarde LIVE now. I do this to keep track of the EURUSD development. my focus is on the 4hour to the Daily timeframe ...

Elliott Wave Counting with EG

Congratulations Jai!!! Your GBPJPY wave count has done well for you. EG

Elliott Wave Counting with EG

on my live trades.... not yet. I prefer the breakout of the Triangle on the Daily. I cannot stay too long on my computer these days to catch the scalps I could do on the lower time frames as I have been busy outside mostly on the crucial times of ...

Elliott Wave Counting with EG

EURUSD continued part 3 — We have seen so far the development on EURUSD from a zoomed out position. Now let us zoom in again and dissect price movement on this pair. Going back to post #1662 which has the same charts as those below this..... ...

Elliott Wave Counting with EG

EURUSD continued — Now that we have seen how price has moved from the last time I posted a chart yesterday to now....... we see price moving up. Let us zoom out again to the Daily chart and see where price is and where we see it going or ...

Elliott Wave Counting with EG

EURUSD — EURUSD has been developing basically fitting well so far into our triangle wave 4. Note chart attached to the post before this and the new chart I attach here. Price failed to breech or breakout to the down side of the magenta line ...

Elliott Wave Counting with EG

EURUSD — A bit quiet still on the EURUSD. more of the little sideways movement... A bounce of the magenta Line Limit will be a wave 4 While a breeech and total breakout to the down side could be the c leg of the bigger wave B of a much bigger ...

Elliott Wave Counting with EG

EURUSD — Looks like Eurusd is on a sideways expansion for a bigger sideways expanding b. Approximate TP for b end is at FE 100.0 @ 1.4423 Blue ticked FE. Stochastics looks like itr still needs to go done on the 1hr chart. If price overlaps ...

Elliott Wave Counting with EG

I have to brush up on gbpjpy again.. getting rusty here. for me, i think it is really important to have a focus on a particular pair. I am not trading gbpjpy pair right now but currently concentrating on eurusd. different pairs have different ...

Elliott Wave Counting with EG

My GBPJPY wave count invalidated — count is invalid as set limit was breeched and brokeout to the upside counter to my view of the continuing downward trend. EG

Elliott Wave Counting with EG

EURUSD continued — eurusd charts on the lower tf EG

Elliott Wave Counting with EG

EURUSD — I just missed that opportunity on the wave 3 up on EURUSD. But it seems things are going as we potentially saw it being a 3 wave structured wave D UP. we got our wave b retracement od wave a with that Zigzag wave b. followed by a ...

Elliott Wave Counting with EG

GBPJPY — This is probably where we may differ in our view. But this is just a potential count for me. EG

Elliott Wave Counting with EG

GBPJPY — Great work. you were right on this one Jai. EG

Elliott Wave Counting with EG

GBPJPY continued — here is how I see this on the hourly chart. as you can see, I am trying to fit this wave 5 yellow within the limits of wave 34 first which is somewhere around 198.50 assuming that waves i, ii, iii and iv are valid then using ...

Elliott Wave Counting with EG

GBPJPY — to me GBPJPY is in a w4 sideways correction right now for a wave C or 3. note that I have a magenta horizontal line limit for now on this wave 34. see monthly chart for how I see the direction of price for gbpjpy. if my wave count is ...

Elliott Wave Counting with EG

EURUSD — Scanning stochastis on different TFs up to 30min chart, I would say that price still has room to go lower than what you see on the chart in this jpeg. That should fall in line with the wave 2 retrace level of normally at least 61.8% ...

Elliott Wave Counting with EG

EURUSD — moving down the lower TFs wave 2 may just go a little lower some more to give a better entry for the wave 3 Long Trade. EG

Elliott Wave Counting with EG

EURUSD — Hi Tim. Thank you for the reminder. I just got out in time to capture 24 pips for my Long Trade on EURUSD. that is where the arrow is pointing where I made my exit @ 1.4572 If this works out the way I thought this would as in make ...

Elliott Wave Counting with EG