Finally, exited my 2 long trades on the positive side but offsets the drawdown on the short trades. just nursing the short trades for now. and extending the SL to 1.6350. Based on that last chart I posted, Target for up move is FE 100 @ 1.6080. I ...

Elliott Wave Counting with EG

Entered 2 Short trades @ 1.5810 just to lock my capital. I need to leave now so I can not watch the charts and track the price. Although I see more move UP....... We can never tell with precision how forex really moves.... enough to leave open ...

Elliott Wave Counting with EG

Previous Resistance at 1.5808 now being tested for Support on the 1min and 5min chart. This is also near the 1.5803 Daily Pivot. 15-30-60 min charts are showing possible sideways movement of Cable specially if price is supported @ 1.5808 EG

Elliott Wave Counting with EG

What I called an EW triangle "B" is not perfect on the 15min chart in the previous post. But bias is still UP. Below are the views from the 4hr chart for possible Expanded Flat. with "C running up to FE 100. EG

Elliott Wave Counting with EG

Here are the Cable charts on 15min and 60min Notice that FE1.618 and 61.8% retrace are almost at the same level. EG

Elliott Wave Counting with EG

The last 10 hours have been tough nursing these trades. But I have manage to reduce the drawdown thru counter trading/hedging and allowing the Long trades to recover. All long trades have been off since an hour ago and account has been recovering. ...

Elliott Wave Counting with EG

Price on the 1min chart seems to be bouncing on the Previous resistance level of 1.5808, now possibly turning into a support. 15min MACD has crossed the Zero line and price seems to be bouncing off the level which it was at when MACD crossed the ...

Elliott Wave Counting with EG

What was your basis for your short trade? Currently, My short trades are just to hedge my Long trades from 1.6000 area. just trying to reduce my drawdown. 15min MACD is nearly at the point where it just might switch over to the upside of zero ...

Elliott Wave Counting with EG

Possible re-test of 1.5747. We can watch how price reacts at this level before we could have a "better " idea on its potential next direction. EG Price rise from 1.5728 up to 1.5815 has been choppy on the 1min chart but stayed in a channel on the ...

Elliott Wave Counting with EG

Entered 2 short trades @ 1.5801. Current drawdown is 473 pips less profit collected on the hedge plus the recovery prior to entering 2 short trades again is now @ 337 pips Still working my way out of the hole I find myself in. EG

Elliott Wave Counting with EG

Sorry... I do not have that right now. I do not usually spend that much time on pairs I do not trade. EG

Elliott Wave Counting with EG

Cable short trades out @ 1.5751 Waiting for a new opportunity be it short or Long trade. But ready to protect the Long trades again. EG Update: 1min "Resistance level is seen @ 1.5808 but 5min to 60min show 1.5869 as strong Resistance Level. 4H ...

Elliott Wave Counting with EG

I tried squirming my way out of the drawdown for awhile. exited @ 1.5929 for 56 pips total profit which should have brought down my drawdown. These were done using the triggers from 1min TF. I was not going to make a counter trend move but only ...

Elliott Wave Counting with EG

Seems like Cable will be seeing the 1.5600 level and it could be today as it breaks thru the Low of last Friday. Will be looking to enter an extra trade or maybe temporarily exit prior to a short retracement UP. Break thru the 38.2% retracement of ...

Elliott Wave Counting with EG

Cable — Revising the wave count structure for w31 to leading diagonal triangle (March-April 2009) EG

Elliott Wave Counting with EG

Extracting myself OUT of this hole — To arrest the drawdown, I made 2 short trades @ 1.5857 reducing drawdown from 375 to 361 pips. Not much but ...... I may not be around to nurse my trades today... EG Analysis: Weekly shows price to still ...

Elliott Wave Counting with EG

With 2 Long trades left over the weekend.... it is a total of 375 pips drawdown. This will be an early challenge to see if I can get this trades out with minimal loss or be able to recover to wards profit. Trades will be tight as I will have to ...

Elliott Wave Counting with EG

Entered @ 1.6021 earlier than the 1.6000 Limit Buy which I already cancelled. Leaving the trades to run. Initial targets 1.6150 1.6250 EG

Elliott Wave Counting with EG

Cable 1min and 5min is most likely tracing out the internal wave counts of a retracement down on the 15min up to 60 min charts 4hr chart also exhibits this retracement as a slight move down I am looking at possibly adding a long trade @ 1.6000 just ...

Elliott Wave Counting with EG

Adjusted 5min wave count where internal w3 extention structure is visible from 5min to 15min charts EG Update: the 38.2% retrace for w4 was what I was expecting as it was not yet there when I started setting up my chart. and in an instant price ...

Elliott Wave Counting with EG