GBPJPY — managed to close and get 9 pips on that Long trade doing micro EW on 5m chart. exclusive of the 8pip spread on my demo account. i just realized 231.22 was 3 candles on the 5m chart. so that could have been the sub wave 2 and now we ...

Elliott Wave Counting with EG

GBPJPY — Bounce off the 1 hour SMA a bit short of the 61.8% min retrace for Wave 2. Loaded my first Long trade there. If it goes down some more, will load another Long Trade at 78.6% retracement. SAME TP as in last Chart EG

Elliott Wave Counting with EG

GBPJPY — Closed my Long even before it touched the weekly Pivot. I expect Price to still hit the Weekly Pivot. I should have just adjusted my SL on this MT4 platform. After hitting the weekly Pivot, if it bounces off of this level, then we are ...

Elliott Wave Counting with EG

GBPJPY — Bounced off the 50EMA Attached charts show revised counting. EG

Elliott Wave Counting with EG

GBPJPY Chart Enhanced — Enhanced

Elliott Wave Counting with EG

GBPJPY on a Different System — A different system which projects end of sub wave c of wave 2 to be towards 100% retracement is shown below. Still FIB Extention tool was used plus the FIB Retracement tool and a 12345 Triangulation method. EG

Elliott Wave Counting with EG

GBPJPY — Wave 2 Projection as end of Wave C of a Zigzag Corrective wave EG

Elliott Wave Counting with EG

SL Hit _ GBPJPY — My SL got hit on my short trade. I should have believed in the strength of the candlestick pattern on the 4hour chart. 1st was the pin bar 2nd was the Bullish engulfing candle 3rd was the crossback to the 4hour resistance ...

Elliott Wave Counting with EG

GBPJPY — Why I am biased that a Wave 4 has occurred... I see an expanded wave 2 while this wave 4 is a sharp wave if this is a sharp wave, then a 45% retracement of wave 3 is valid as wave 4 is from 23.6 to about 50% of wave 3 with some ...

Elliott Wave Counting with EG

GBPJPY — GBPJPY Count Revision _ over extended sub wave 3 4hour stochs is likey to re visit over sold levels EG PS. Count of wave 4 is invalidated if price goes higher than 232.37 In the meantimewatch the wave development in the 5m and 1m ...

Elliott Wave Counting with EG

2.0100 is my weekly pivot 2.0091 is my monthly pivot 1.9986 is the weekly support level 1 EG

Elliott Wave Counting with EG

GBPJPY Update — update

Elliott Wave Counting with EG

GBPUSD Retrace to 32 did not happen. But 33 seems to be very close now to 2.0069 EG

Elliott Wave Counting with EG

Glad to know you are doing well Adrian. Mine is ok. I may have exited too early with 1 of my short trades. BUt that is ok. just waiting for a retrace. Other one is still being nursed from last week. But, this pair seems to be going south so I will ...

Elliott Wave Counting with EG

GBPJPY Update — was having difficulty posting this chart earlier as it was unfolding. now waiting for a 38.2% retrace Up to the 232.00 Level as minimum retracement. but will still be watching how this correction will unfold. Finally out at a ...

Elliott Wave Counting with EG

GBPJPY — If price goes lower than 231.58 then I think we either get a confirmation that we had a truncated 5th wave or the red label counting was correct. Should it be that we already saw the Top at 233.67, then I have my bias to select the ...

Elliott Wave Counting with EG

GBPJPY — Up to know, Direction for me is still not clear for this pair. Although it has dipped to 231.72 on my chart, that was still valid as a wave 4 retracement as it did not overlap with my wave 1 at 231.58 But if you check your charts, ...

Elliott Wave Counting with EG

GBPUSD — Hi AP. MY Sell Limit Order @ 2.0296 was not hit while I slept. Will Wait for a good entry and will just leave this Sell Limit Order but will lower it to 2.0285 for now. I am attaching what I see as a potential scenario or this 1st Leg ...

Elliott Wave Counting with EG

Thank you naturalnet. EG

Elliott Wave Counting with EG

GBPJPY — How about a possibility of a truncated 5th wave?

Elliott Wave Counting with EG