RED and Magenta Wave Counts are now invalid because price went lower than 238.39 Wave 4 over lapping with Wave 1 Magenta. Now looking for exit to extricate my long trades with minimal loss. EG

Elliott Wave Counting with EG

I need to always keep in mind that all timeframes dance to the same music. the lower timeframes just do it faster yet follow the same rules and these waves in the lower timeframes make up the sam type of waves in the higher timeframes. More like ...

Elliott Wave Counting with EG

Ok. I broke my rule. I was suppose to wait for a 78.6 to 85% retracement as new signal for a wave 2 end. But ended entering a long trade @ 237.81 Forward trade which is 98 pips less than your MT4 Platform values. Why did I enter earlier? It is ...

Elliott Wave Counting with EG

1 min chart. 1 more chance for my long trade?

Elliott Wave Counting with EG

Possible wave 5 finished and also new wave 1 up. Checking wave 2 pull back by 78.6% to 85% before entering new long trade here. Eg

Elliott Wave Counting with EG

pushed back by daily pivot

Elliott Wave Counting with EG

must not exceed 238.99 for a valid wave 4 pull back. Otherwise we are back to the long trade. EG

Elliott Wave Counting with EG

1 more leg down on the 1min chart and then we should be back on our long trades. EG

Elliott Wave Counting with EG

or a possible revised wave count on the hourly.

Elliott Wave Counting with EG

FLAT corrective ?

Elliott Wave Counting with EG

instead of expanding sideways for a corrective flat, we may be seeing the finish of a sub wave 2 of the wave 5 UP. Note the 85% retracement common with wave 2s. Count proposed is invalid if price goes lower than 238.39 EG

Elliott Wave Counting with EG

Wave Expanding sideways. Most likely a corrective FLAT wave. Likely to end in the area of 238.40. Invalid once it goes lower than 238.39 EG

Elliott Wave Counting with EG

Retracement — I do not see any significant retracement coming till we reach 242.61 I am tempted to load another Long trade But I am keeping myself in check. 2 Long trades to run should be fine. There are still other days and new opportunities ...

Elliott Wave Counting with EG

I look forward to seeing views from users of the following Tools and Systems: 1. Technical Analysis 2. Wolfe Wave 3. Cycle Trading 4. Gann Theory 5. Pitchfork 6. Wave Analysis 7. Fundamentals 8. Astrology, Planetary Alignments and influence of ...

GBPJPY - Race to 219 or to 251

Update: Good Morning Everyone. Now back to the Drawing Board. EG

Elliott Wave Counting with EG

Here is one shared by Akuma99 from his stash of Indicators. I prefixed the Original to keep track from whom I got them from. Original Details are all in the code. EG

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

Note that : Weekly R1 is @ 242.37. Murrey Math Level (8/8) @ 243.75 Weekly R2 and Murrey Math Level ( +1/8 ) @ 245.37 Looking nice for my Long trades But may not be that fast. I will need to re-work some of my counts though later because of the ...

Elliott Wave Counting with EG

Here is what I think I over-looked. So I am leaving my 2 current Long trades to run now. And will try to get some sleep. almost 5 am here now and things will probably start moving again when Asian Markets Open. Good Trading to all of you. I hope you ...

Elliott Wave Counting with EG

too bad. it is probably not comimng back down now. most typical of a potential strong wave 3 when we see our oscillators turning over bought and expecting a turn back yet price keeps on going up. Have entered , just one new trade at 238.38 ( forward ...

Elliott Wave Counting with EG

Or Price could be in for a retracement towards 238.56 (78.6%) or to 238.51 ( 85% ) for a sub wave 2down of the wave 5 UP. EG

Elliott Wave Counting with EG