EURUSD Possible direction

Elliott Wave Counting with EG

Here is my EURJPY count. I am not so sure that wave 5 of wave 1 has finished already nor wave 4 going up as if it is wave 4 going up now on the 30 min chart, then it has only retraced up by approximately 25%. I would be looking for around 38.2% ...

Elliott Wave Counting with EG

Good idea. I myself am on the sidelines watching now and will probably get in after the news. Enough of the stress I have been thru for more than 1 year now trading live and studying at the same time. I will take Tim's advise to choose the best set ...

Elliott Wave Counting with EG

Here's the wave 2 of the USDJPY. Thank you Tim I guess some sleep helped clear up my Brain and eyes. EG

Elliott Wave Counting with EG

Note that Triangles in Elliott Wave Principles are found in Wave 1 or A - Leading Diagonal Triangle ===This is followed by a retrace after a breakout to the opposite direction Wave 5 or C - Ending Diagonal Triangle === Followed by an opposite Price ...

Elliott Wave Counting with EG

Next the EURUSD — Price has gone up while I slept... retracing towards 76.4% of wave A of what I think is a wave 2 down. I will have to adjust my targets for the Zigzag wave down. I think the sub wave c down is having a leading diagonal wave 1 ...

Elliott Wave Counting with EG

Adji04 I would rather not tell you whether to close or to hold on to any position right now. We have to take responsibility for our own trades. In as much as I would like to help you, the trade offs of holding on and biting the bullet if it goes ...

Elliott Wave Counting with EG

1st off — GBPJPY Expecting GBPJPY to come down to test the bottom at 213.59 in a Zigzag since wave A up was in 5 moves. If it breaches former low from yesterday, then we are probably back to the downtrend. If it holds, I just might trade Long ...

Elliott Wave Counting with EG

Good morning Tim.. I wake up to a different scenario than what I was looking forward to before I turned in early this morning on the EURUSD and the GBPJPY smaller Timeframe. Anyway , I will try to straighten out my bearings in a little while. As for ...

Elliott Wave Counting with EG

Here is what I see on the USDJPY monthly chart EG

Elliott Wave Counting with EG

Again Thank You Tim. I will be counting waves on this wave 5 UP on GBPJPY. EG

Elliott Wave Counting with EG

Here is my GBPJPY 4 hour chart. Daily chart added EG

Elliott Wave Counting with EG

EURUSD Price has retraced upwards by about 50% as we anticipated. Most likely I will be looking at the FE 100.0 for the C = A Zigzag wave which incidentally falls on the 61.8% retrace quite common for wave 2s. Eyeing 1.4656 which is also near the ...

Elliott Wave Counting with EG

Looks like a triangle in the making for the wave 4 of Leg A of the the bigger wave 4. Price has retraced wave 3 almost near 38.2% which I think makes it a high probability wave 4 . Then A long trade on the breakout or I could wait for wave 5 to end ...

Elliott Wave Counting with EG

GBPJPY

Elliott Wave Counting with EG

Thank you Tim. You are helping a lot.. Am just a bit lost on the YEN pairs. GBPJPY for example.... what I see is price finishing wave 3 inside a wave 3 down and I am looking at wave 4 developing most probably into a FLAT or a Triangle. Wave 2 was a ...

Elliott Wave Counting with EG

Long GBPJPY.... The Great Monarch must be smiling right now with the Long Trades he loaded @ 213.75 level. While everybody was looking for a level retrace to enter short trades, he loaded Longs instead and is catching this big retrace. I have been ...

Elliott Wave Counting with EG

wave 2

Elliott Wave Counting with EG

Hi Tim... I thought you were going to sleep too..... Anyway, thank you for checking on my charts for EURUSD. Do you mean that the second chart I proposed is the better choice? Since I have counted 5 waves on the move up and price has not surpassed ...

Elliott Wave Counting with EG

whew.... I took a peek at EURUSD.... I got out just in time then with my long trade. Now waiting for a nice set up for a new Long Trade. EG

Elliott Wave Counting with EG