FxMt Looks like our counts are basically the same on GBPJPY except for the pportion of my C333. The C335 leg for me does not yet exhibit clear wave structures for a 12345 impulse 5th wave. So I only have projection for ppotential end which are FE ...

Elliott Wave Counting with EG

Ok... I am out of the market for now. It is Friday and I do not feel comfortable with my counts. I do not want to leave any trades running either. So, have a great time hunting your pips. EG

Elliott Wave Counting with EG

No problem Tim. Attached is another view of my EW Count for EURUSD. I would say Bear was right earlier that there was a failed 5th wave on the 3rd wave. And wave 4 was not as complex as I initially thought. wave 5 is short and the 3 waves down now ...

Elliott Wave Counting with EG

Hi Tim... Your chart indicates wave ii unfolding. I see your point now on the 60min chart why we can label that as your wave i. I am just a bit wary though because price is developing a very shallow corrections as I see it now. It is just about 20% ...

Elliott Wave Counting with EG

Additional assumptions since wave 3 shorter than wave 1, then wave 5 must be shorter than wave 3. Taking a fib retracement tool to measure wave 3 size then moving fib tool to possible shortest end of wave 4 of 3, for possible maximum of wave 5 of 3, ...

Elliott Wave Counting with EG

Ok .... here goes EURUSD Chart First 3 wave sare classified as A or 1 ; B or 2 then C or 3 -if 2nd point exceeds origin of first point, then we rule out wave 1 and 2 as wave 2 never goes beyond origin of wave 1 -if 3rd point exceeds 1.618 of A, then ...

Elliott Wave Counting with EG

My wave counts are currently messed up right now. Will try to come up with same thing a little later. EG

Elliott Wave Counting with EG

Bear... This was how I saw it... Now in the chart previous to this post, my thought s are if it goes higher than 1.4813 then the triangle is a wave 4 and going up is wave 5. But if it breaks out to the down side and goes lower than 1.4785, I would ...

Elliott Wave Counting with EG

2 scenarios for me on EURUSD

Elliott Wave Counting with EG

Hello Lawrence.... Which chart are you refering to and what post number is it in? Anyway, as far as I know, among waves 1 3 and 5 the rule is that wave 3 cannot be the shortest. Relationships can be illustrated as below : w3 > w1 > w5 w3 > w1 = w5 ...

Elliott Wave Counting with EG

EURUSD — This price movement going up seems to me shows bias for EURUSD to be back on the BULL Trend. I can not consider this as a corrective wave because Maximum C can be is 1.618 of A. This is already more than 2.618 of A. SO below FE 161.8 ...

Elliott Wave Counting with EG

Looks like your Long Trades went well for you my friend. EG

Elliott Wave Counting with EG

adjusted Magenta trendlines to FIT the Leading Diagonal Wave 1 which abruptly completed with the news. Now challenging the 61.8% retracement level for wave 2. EG

Elliott Wave Counting with EG

Still a possibility as if price goes higher than 1.4700 on EURUSD EG

Elliott Wave Counting with EG

exited old short at + 2 out of 12 possible on EURUSD Looking for a nice new entry for Wave 3 around 1.4750 range Still hoping to exit Old Long Trade EG

Elliott Wave Counting with EG

I probably got this now... Looks more like a LEADING Diagonal Wave 1 as structure looks like a 53535. 53535 Wave 1 or wave A 33333 Wave 4 or wave X or wave B So if this is Leading Diagonal wave 1 then expect an upward move for the retracement for ...

Elliott Wave Counting with EG

Call me chicken if you want, But I bailed out on my 2 short trades that were last placed for combined profit of 13 pips. Actually a second batch from today's top. But, I am getting mixed signals on my EW Counts and with the News coming around, I ...

Elliott Wave Counting with EG

IS it just me or does anybody else see this on the EURUSD It is like every where I turn, I see triangles or what seem like triangles forming. Here is what could be an ending diagonal wave C on the EURUSD Watch it bounce or BREAKOUT to the ...

Elliott Wave Counting with EG

5min chart update on EURUSD It could be that an Expanded Flat or Irregular FLAT has just developed for wave 2 Note that EW Counting on these lower timeframes are more for exercise in counting waves. It may not necessarily be beneficial in real time ...

Elliott Wave Counting with EG

Yes adji04 We are now supposed to be in a Downtrend. Downward direction Wave C.c.5.5.3.3 if I am not mistaken EG

Elliott Wave Counting with EG