Pullback resulted in what I think is a minor wave b of a flat corrective wave representing a small wave 4 . Got in at a lower level for my new long trade. waiting for a new pull back after it surpasses 231.55

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

Quick Scalp — lost on previous long that broke 231 on the down side. but profitted on a short based on the retrace on the upside. I realized it retrace 38.2 % forming a flat corrective wave that was why I immedietely exited my 2 short trades ...

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

231 is broken. placing a minor short trade. EG The break at 231 saw a pullback toward 231.55 but did not create a higher high. then saw it attacking 231 level again. I placed my initial Short trade under this level ( enough and covered till 236.50 ...

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

Hi Aus. 1. Got that with EW Count Projection. A=C Up 231.29 now.... I think if it breaks lower than 231, then I will wait for a pullback to 231.55 and see it go lower than 231 before I enter my short. I would assume that we just got a truncated 5th ...

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

Short term bullish or Bearish???? I am taking a short term bullish stance towards 235.5 then down we go... You may not even need to watch the news.. EG

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

Fib Levels with Price — Try this one. EG PS. You can see the original Indicator name when you open it in Metaeditor. You will find this in the Library of MetaQuote. I just could not get to the URL now so I am sending one from my file which I ...

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

A breakout on the lower side of channel but still could be just a throwover. 1m chart shows turning up. waiting for 5 and 15 m then hopefully the 1 hr chart will follow. EG

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

15m chart would agree that this is going up. Hopefully this 6-7 times bounce on the channel sides will soon see the breakout at the upper side of the channel. EG

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

Money, How come your wave? numbers in Red circles seem to be suspect... I mean, if it is bearish then Waves 1 3 5 should be seen at the lower level. Wve 1 should be lower than Wave 2 . wave 3 lower than wave 4. but yours in the chart are reversed. ...

Elliott Wave Counting with EG

Thank you Clusterwise for the chart. Your illustration depicting how tops and bottoms are related to fibo levels of Time is reminding me that I could afterall do that too in MT4 platform. My previous count supports this Time Fib Level we are in now. ...

Elliott Wave Counting with EG

EG Revised Cable EW Count — I have revised my Cable Count AFTER GOING THROUGH IT OVER AND OVER AGAIN. Monthly - we are on a Wave C UP from 1.3680 June 2001 and that means we are in a 5 wave structure UP on the monthly chart Weekly - We have ...

Elliott Wave Counting with EG

Cable status from monthly chart — Finished C532C3 Developing C532C4 = Currently forming a BULL FLAG IN 4 HOUR CHART Reference indicates price to hit flag channel 6 times. 7th thrust will be a breakout on the upside. Have not really seen this ...

Elliott Wave Counting with EG

Hi AP On my side, I think Cable is still going up. 1st it has barely touchecd 38.2 2nd it has formed a FLAG that should later develop a THRUST UP. I am personally not on this as I was concentrating more on GBPJPY, but on my chart this is what I see. ...

Elliott Wave Counting with EG

I am with you on this one. EG

Daily GBP/JPY analysis

Major REVERSAL afterall???? — AP, I was just reviewing my GBPUSD chart and started with my monthly then I remembered encountering Igorok's comment that we may see Cable going down to 1.7700 area... Looking at the minthly chart, this is ...

Elliott Wave Counting with EG

GBPUSD — Nice work on that Entry AP. I think that is the end of Wave 4. It is supposed to be 23.6 to 50% retrace of Wave 3. And normally at 38.2%. It just hit 38.2 and has that pin bar on the 1hour chart. Looks like your all set for the ride ...

Elliott Wave Counting with EG

EURUSD — This is what I was supposed to write for EURUSD this morning: Wave 4 Retracement: 1.3529 1.3501 1.3473 1.3439 All Achieved and even exceeded. The reason I write this ( I know others will criticize me for this, But it does not matter. ...

Elliott Wave Counting with EG

Partial Targets Achieved

Elliott Wave Counting with EG

Cable — Partial Achievement of Targets for GBPJPY.. I have further checked chart on this GBPJPY Pair. The 23.6 retracement may not be enough. This could retrace further up to the following levels: 232.03 229.61 228.58 Achieved 227.18 Achieved ...

Elliott Wave Counting with EG

GBPJPY — africanpip... looking at my 15m chart on GBPJPY, 219.29 was the Wave 4.C.5.1 225.38 is my Wave 4.C.5.2 This is nearly 78.6 retracement of Wave 4.C.5.1 To me , if 225.38 is not penetrated UPwards, then this could be the 5.2 of the wave ...

Elliott Wave Counting with EG