Cable 5min

Elliott Wave Counting with EG

MY new long @ 1.6044 Price may continue to go down for the retracement But my higher time frame is still UP. So will trade this as I will be around to check on the cgart from time to time today. Attached is a chart with 3 possible ways to label the ...

Elliott Wave Counting with EG

Cable Looks like going for a retracement or a reversal after hitting WR1 @ 1.6110

Elliott Wave Counting with EG

Out @ 1.6044 for over 6% gain on my original Capital. I may have missed quite a number of pips again. But that is still double my monthly target. Your mind set on what your target is plays an important role in becoming profitable. Stop thinking of ...

Elliott Wave Counting with EG

There are softwares in the market that are claimed to have the ability to mark EW. But they are expensively priced and may not even be that reliable. If you want free tools for EW, I recommend developing what you have right between your ears. That ...

Elliott Wave Counting with EG

Cable Potentials Update: Placing my Long @ 1.5992. Breakout to the Upside more likely for me. EG

Elliott Wave Counting with EG

Took my 10 pips to gain 1.2% on my capital. This was based only on the 1min chart wave count. After almost 30 min, I see that I missed almost 30 pips more. and 5min and 15min charts are now showing divergence. Waiting for new opportunity to enter ...

Elliott Wave Counting with EG

My Long @ 1.5940 4hr chart Price has been moving in a narrow range sideways for the last 47 candles. but when you go down the lower TFs, most of these are now bullish from the 5minutes to 15min charts. The 30min and 60min look like it is nearing a ...

Elliott Wave Counting with EG

Cable — Removed my SELL Order. as it was not triggered while I slept. Looking at the 1nr charts and the 4hr charts now, A possible symmetrical triangle could be assumed from the 1hr chart which could still be in development. I am not trading ...

Elliott Wave Counting with EG

Cable No trade for me yet since this morning. I placed a Limit SELL Order @1.5985 which was in the range of 1.5063-1.6005 (Possible range of retracement). Price rise did not reach my Limit Sell Order. Will likely take a Long trade from a possible ...

Elliott Wave Counting with EG

Cable Potentials — Cable Potentials

Elliott Wave Counting with EG

Below are charts showing how this turned out

Elliott Wave Counting with EG

Be it that I entered a trade assuming that price would continue to go down and that the correction was already finished Add to this that the longer term view was DOWN in my opinion.... I entered that trade with a large SL specially because I was ...

Elliott Wave Counting with EG

Frankfurt-London Set-up — I would say... today we have just seen the Frankfurt-London Set-up Where you can trade London session counter trending the Frankfurt experience. Could help the wave count sometimes and your capital too. EG

Elliott Wave Counting with EG

Good Morning everyone as it is 4am here in Asia. End of US session and on the 15min chart..... Yesterday Cable was traded on a narrow range which looked like a correction. I was out the whole day so I guess I did not miss any significant action. Now ...

Elliott Wave Counting with EG

E-mini Nasdaq 100 — As an exercise, I see a possibility of either a Bullish or a Bearish scenario on the E-mini-Nasdaq 100. notes and comments are on the chart. 1hr, 4hr and Daily is BEARISH in my view using Divergence for example and ...

Elliott Wave Counting with EG

GOLD — I do not trade GOLD. So the charts attached here are more of an exercise.

Elliott Wave Counting with EG

USD Index — Here is my take on the USD Index. Possible move down on the Daily will be inline with the possibility that GBPUSD will have room to go up for the wave C of an expanding wave 4 on the 1hr and 4hr chart EG

Elliott Wave Counting with EG

Cable H4 If price is developing Dark Orange 4 inside a wave 3 in a C as 4C34c, then target levels will have a maximum possible on that GOLD line which sets the limit prior to an overlap with 1 Dark Orange which is 1 of same degree. Unless it ...

Elliott Wave Counting with EG

Cable Daily On the Daily If 4 Purple is not a C=A then we can use the FIB projection tool again to project the possible end of ‘c” Gold which maximum at A(1.618) at 1.5210 which is just over 50% retracement of 3 Purple (shown with TICK marks near ...

Elliott Wave Counting with EG