Hey money.... Sorry about this delay. I was trading LIVE earlier and was experimenting on riding each wave turn on GBPJPY. Attached is my proposed count for usdjpy. Honestly, something is a bit weird with my count on the 4 hour chart waves 1 and 2. ...

Elliott Wave Counting with EG

EW Rocks EG

Elliott Wave Counting with EG

Fibo Targets for internal swings Fe 261.8 @ 239.67 FE 300.0 @ 239.92

Elliott Wave Counting with EG

GBPJPY continues to climb and has now penetrated the Weekly R2 and the Daily Pivot. Has even also pierced and is coming out of the Ichimoku Cloud on the 15 min chart. Levels of Resistance that I see from here on as it moves up are Daily R1 240.38 ...

Elliott Wave Counting with EG

Hey Pips4Life.. I will look into your stuff a litlle later. Currently trading now. But I appreciate your taking time to share here. EG

Elliott Wave Counting with EG

Retracement for wave 2 coming up

Elliott Wave Counting with EG

How price evolved in relation to what I concluded from my EW Count EG

Elliott Wave Counting with EG

1st Long Trade @ 238.14 61.8% retracement. next target is @ 78.6% retracement @ 237.90 if pirce goes lower than 237.60 then will close all long trades opened. EG

Elliott Wave Counting with EG

The whole projection is for today and until next week ( being Friday today ) As you will notice, there was a 1min chart and the other was a 15m chart. The whole Up and down on the 15 minute chart could reflect what can happen until next week. ...

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

Chart Comparison Now Price probably consolidating before going down to 78.6% @ 237.90 before reversing. or till 237.60 But if it goes lower than 237.60, then the EW Count becomes invalid. Will need to get back to the Drawing board. EG

Elliott Wave Counting with EG

Carman... I have focused on GBPJPY and not GBPUSD. GBPJPY is more Volatile if not the most volatile Pair. Gives me more opportunities to apply and exercise my EW Count Skills. Price is supposed to follow EW Theory whether it be in Higher TFs or on ...

Elliott Wave Counting with EG

No offence taken Uncle. I use EW to track PROBABLE Price DIRECTION . But I supplement it with other Systems. I am fascinated by Auslanco's System. But I could not get the indicators to run on my computer for more than 24 hours as my MT4 Crashes all ...

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

For those wondering if price will continue to go down or will it go up or just be on a retracement.... I would like to offer my view basedon what I think is based on EW Theory. Basically, I think we are in a sideways expanding FLAT corrective wave ...

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

I have exited a previous Long Position for a total loss of 32 pips inclusive of the 18 pip Spread based on above analysis. I can take that loss now and if I am correct with the forecast I have outlined in previous posts, then I can re enter a new ...

Elliott Wave Counting with EG

This is really blowing me out. Price has just hit Daily Pivot level and the weekly R1 just as I was expecting. Let us see if this provides as the resistance to bring back the price down to retrace 61.8 to 78.6% of the current move up. almost a ...

Elliott Wave Counting with EG

posted the wrong chart earlier Sorry EG PS. Check your 30 minute chart on GBPJPY. There is a PinBar there which should have signalled the reversal. "I think" We will see. I did not notice that earlier.

Elliott Wave Counting with EG

Not really sure how to interpret the price movement on the chart now. Leg 1 which is the Wave A of the flat corrective wave has a structure ( if it does not go lower than 237.60 anymore) of a Zigzag where C is just a little over 61.8% of A. Should ...

Elliott Wave Counting with EG

Note that this is a 1 min chart. EG

Elliott Wave Counting with EG

But now as I look at my chart.... It is possibly true that we are now in an uptrend on our way to revisiting yesterday's high or higher. But the worrisome thing for me now is that it looks like this is just a small wave 4 in a sub wave 1 going up. ...

Elliott Wave Counting with EG

Reversal now due to overlap with Wave 1 if up move was Wave 4. Unless a bigger wave 3 down is in the making. Now let us see if price goes lower than 238.52 which is the wave 1 high if this is a Reversal. EG

Elliott Wave Counting with EG