Should I kick myself in the butt for exiting that short trade...???? I would say NO. I can enter onn the retracement now. Maybe not as high a position as I wanted too. But it is fine. EG Moral of the Story is, have sufficient SL for your trades. I ...

Elliott Wave Counting with EG

I just missed an opportunity to gain 27 pips on that short trade I closed for 10 pip loss. I think after hitting and bouncing off of 233.90, this could start its ascent towards 234.83 for C = A

Elliott Wave Counting with EG

Allow me to expound on why I think it is BOTH an Art and A science. No offence meant. Just my humble opinion. ART I think it becomes an ARTwhen one starts to understand the visual appearance of the waves and when one starts to learn how to interpret ...

Elliott Wave Counting with EG

I would say BOTH. Art because of the Visual Look of Patterns And A Science because of of its Mathematical Precision and Probabilities

Elliott Wave Counting with EG

Hi Marketwavez. Is this a trick question???? I have read and heard the usual answer so many times and that is, "No they will not all come up with the same Count" However, I would like to beg to disagree with that view. I believe that if we all ...

Elliott Wave Counting with EG

GBPJPY I just exited my latest short trade for a 10 pip loss inclusive of the spread. I prefer to enter at the top of wave c. anyway, speread this pm with my broker went down to 9 pips instead of the usual 20 for this pair. not bad at all. Assessing ...

Elliott Wave Counting with EG

GBPJPY Let us get something straight here. My view is still bearish for this pair. So if I see signs of this pair going up in the short term that does not still change my long term view. Meaning I will keep my short trades and probably add short ...

Elliott Wave Counting with EG

My apologies to all following this thread. Looking atthe 15m chart for GBPJPY now, I have jsut realized that if this is going to be a Zigzag like most wave 2 then long trades should be looking at a minimum profit exit level of 234.83 This is a 100 ...

Elliott Wave Counting with EG

GBPJPY Looks like I spoke to early about cancelling scenario that price towards 234.64 will be revisited. Price just shot up to 234.60 Looking forward to it descent now EG

Elliott Wave Counting with EG

GBPJPY Initial Wave 1 target completion at: 233.49 232.89 231.77 230.49 favoring this one to exhibit going past the previous swing from the sub wave of the corrective wave that just finished. EG

Elliott Wave Counting with EG

GBPJPY I am cancelling the scenario that this pair is in wave 2 corrective wave towards 235.5. 234.02 has been attained and this is lower than the low of my wave 1 count. I am more inclined to believe that we have finished sub wave 2 now and that we ...

Elliott Wave Counting with EG

GBPJPY It is taking this pair to proceed with its descent. I am now entertaining the possibility that it will re visit the high or 235.5 or just below it. Retracement for what was supposed to be sub wave 2 up barely reached 50%. I am thinking that ...

Elliott Wave Counting with EG

Come on fxnewbie 71, tak ethe time to go back and skim thru the pages there aint a hundred pages here. You will probably get to it before the 10 pages are up. Patience my friend and diligence..... Otherwise you will have difficulty learning and ...

Elliott Wave Counting with EG

GBPUSD — Hey money. Thank you fpor sharing your charts with us. It may not be the same as my wave count but it sure helps to have different views so that we can learn from each other. My current view now is still GBPUSD to go down. 1. the ...

Elliott Wave Counting with EG

Believe it or not, you will soon findout that you can do your wave count on a naked chart just using fib retracement and fib extention tools on MT4. Learn the EW Principles and Theory then find the best way to label your waves on your chart color ...

Elliott Wave Counting with EG

GBPJPY Have just seen a 38.2% retracement which is common for Wave 4 . Here we goooooooo

Elliott Wave Counting with EG

Hi Just apply the EW Principles / Theory on your chart of Choice Currency Pair. EG

Elliott Wave Counting with EG

GBPJPY Bear run is back wait for a wave 4 pull back on the 15m chart Update: once we go lower than 233.88, that is a second confirmation that the BEARS are back. IMO

Elliott Wave Counting with EG

GBPJPY Barely done with 50% retracement but is looking like it wants to resume its bear move already. EG

Elliott Wave Counting with EG

GBPJPY abandoned my long at a few pips gain because I already saw 5 waves form on my 15m chart. Will not be adding any short trades unless this still continues to retrace towards 61.8% just now... I was proven wrng to have exited my long trade. ...

Elliott Wave Counting with EG