I have been experimenting on the EURUSD lately and here is what I have for now. Wave A down from 1.4966 was shown to be in 3 waves which I am now inclined to follow. Since A was in 3 waves, then B is expected to be a Flat, Expanded FLAT or a ...

Elliott Wave Counting with EG

Yes Trader101. Let us all move on. Let us all have a breather this weekend and prepare for the next trading week. Have a nice weekend everyone. EG

Simplicity is the Key

Ok I got slapped by this beast. Stopped out on a A LONG TRADE while I manually closed the otehr 2 after it breached that wave 1 end. All for a loss. No problem. There will be other trades to make. Just have to ensure that account does not get wiped ...

Elliott Wave Counting with EG

Ok I got slapped by this beast. Stopped out on a A LONG TRADE while I manually closed the otehr 2 after it breached that wave 1 end. All for a loss. No problem. There will be other trades to make. Just have to ensure that account does not get wiped ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I got stuck on this one. prior EW Analysis in my thread would show that last limit for this big wave 4 is at 224.83 which was the top of Wave 1 . until then I am holding my long trades. EG

Auslanco - GBP/JPY and GBP/USD (newstrade)

Could be Ouch for many there. Almost included me as I entered at 50% retrace. I should have stuck to my gun and pulled trigger at 78.6 which is more often its wave 2 retrace if not the 86% level. Whoooowww. That was NASTY. It meant that it was not a ...

Elliott Wave Counting with EG

Not everyday is a lucky day. Monday saw me in profit during the asian session only to get stumped from London session to whole of Tuesday basically dis oriented with my wave counts due to the correction. I had to give back almost all my profit from ...

Elliott Wave Counting with EG

MMDealer I hope you were able to enter your new long trades on that retrace. I was able to enter a new short trade from 227.20 after realizing that there was a wave equality between the w5 and w3 of elliott waves and that w1 was a long extended ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Chart watching paid off. Placed my trades just in time. exited with a nice profit on that one and BE with the old short. Got out too early but everything OK. I can not complain. Entered new Long trades at the 50% retrace. EG

Elliott Wave Counting with EG

Entered a new short @ 227.20 Taking that risk to partly hedge my long trades. Short trades are 1/3 in value of my long trades. Bias Bearish short term Bullish Medium term EG

Elliott Wave Counting with EG

Hi Carman. Yeah, I was wondering where most of you guys went. The Price listing on the FIB Extention is due to the kindness and expertise of Pips4life. He Improved the original Set_Fibo_Price_Any from metaquote which only set the price for FIB ...

Elliott Wave Counting with EG

Previous assumption may have been too early. I actually entered a short from 226.82 which I thought was initially the top of a sub wave 1. then after seeing the 1st 5 wave structure down entered a Long trade. So I had 2 opposing trades. However I ...

Elliott Wave Counting with EG

possible unfolding if it does retrace now. but could encounter some support at Daily Pivot 226.63 Weekly Pivot 226.48 100 sma 15min 226.38 other than that it is free to retrace down to 50-100% of the previous rise. EG

Elliott Wave Counting with EG

Here is how it might unfold. EG

Auslanco - GBP/JPY and GBP/USD (newstrade)

Exited a Long position at a profit but letting 2 more run. Planning to enter at an expected retrace of this Wave 1. Currently looking like a wave b of an abc wave 2 is in place. Momentum onthe 5min and the 15min charts are at over bought levels. So ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yes quecee IMHO. that is my view. Let me correct myself on that last caution I made. Now I realize that the 1st 5 wave structure at the 23.6% retracement level was probably just the wave a of a 3 wave zigzag abc and that slight upward move is the b ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Caution.. though for EW. Sometimes a wave 4 correction retraces the wave 3 by 23.6% only when the main trend is very strong (but normally 38.2% or the 50-61.8%) Now I am not that sure with wave 2 if that also applies . But I have not seen that ...

Elliott Wave Counting with EG

Caution.. though for EW. Sometimes a wave 4 correction retraces the wave 3 by 23.6% only when the main trend is very strong (but normally 38.2% or the 50-61.8%) Now I am not that sure with wave 2 if that also applies . But I have not seen that ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

updated charts

Elliott Wave Counting with EG

I agree with you one this one as it looks done or almost done with the wave 5 in the 1st wave up for Elliott Waves. Retrace towards the previous low is to be expected to have wave 2 correction wave. Most likely from 50A% to 61.8% down of the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)