Thank you Tesla

Market Hours Indicator

Reminder — While above Chart seems to tell me that Cable is expected to move further down, WE MUST EXERCISE CAUTION as I am getting mixed signals from my Technical Tools. The shorter time frames of up to m15 are showing signs of going ...

Elliott Wave Counting with EG

032107 Update — The originally thought of as y5.4 Complex turned out to be a BIGGER Wave in itself. Because of the Price - Getting into the Wave 1 and Wave 2 Zone and Time - As it has exceeded maximum time for a Corrective Wave 4 to Develop. ...

Elliott Wave Counting with EG

How I wish it was that easy Eddy. I too use MT4 and have been on the look out for a good EW indicator. But I still have not found one. For now, I can't learn programming on my own. It would seem that easy to come up with an indicator based on a ...

Elliott Wave Counting with EG

Price Action on the Cable — I see a Bearish Harami on the H4 While we have a Three Outside Down Pattern on the H1 and that first candle after the harami was a Bearish Engulfing Candlestick.

Elliott Wave Counting with EG

A Case of Flip-Flops? — No it is not a case of flip flopping. But discovering and getting reminded to read thru the guideline of Wave Identification and counting. y5.50 - y5.55 has taken so long to develop compared to what we initially ...

Elliott Wave Counting with EG

Thank you Traex. The rules you mentioned would definitely help me reduce the 250Pip SL Strategy. And yes.... it all boils down to Price Action. Heck.... then why do we spend so much time studying the Challenges that EW Theory has?????? ANSWER : it ...

Elliott Wave Counting with EG

Thoughts on yesterdays Cable Performance in relation to EW — A bit rough for me yesterday on the Cable... The way I see it NOW, y5.50 to y5.51 was a sudden plunge probably because of the news. Now here I am again trying to find an explanation ...

Elliott Wave Counting with EG

Thank you mrforex2006.

Elliott Wave Counting with EG

250 PIP SL on the Cable — If you took the 1st SL, then you would have lost that trade. But if you were not necessarily faint at heart... you would have opted for the 250pip SL. Or you could have watched your trade and removed the SL or just ...

Elliott Wave Counting with EG

Based on the chart on Post # 28, I am more inclined to go for a LONG trade now for at least 1st TP @ 1.9374 2nd TP @ 1.9435 but this 2nd TP will revice our y5.4B and y5.4C counts...\ SL @ 1.9276 for the BRAVE ONES SL @ 1.9046 for the faint @ heart ...

Elliott Wave Counting with EG

Thank you Hona. I would look forward to us all sharing our EW insights and counts for the Cable here with Mark too and hopefully Traex. As to the EW count on the monthly, you can isolate the markings based on the Color and the size of the ...

Elliott Wave Counting with EG

Friends.... Choice of particular TF to check on EW Count is a traders personal choice and level of comfort. In my experience working and studying EW these last 6 months, I find using EW on monthly, weekly, daily and down to 4hrs too risky to trade ...

Elliott Wave Counting with EG

Another Scenario??? — If y5.2 is a failure in following the rule..... Could it be that the whole count for this wave Y is wrong? How about considering the OLD y0 to y3 as just Y0 to Ya Then we should see this current y5.2 as the new Yb which ...

Elliott Wave Counting with EG

Mark I will look forward to being able to discuss EW count on the Cable with you. EG PS. A Summary / Outline is Found in the EWI site. You might want to go thru that before the details in the book.

Elliott Wave Counting with EG

y5.52 Target Zone — I tried looking at lower time frame to see how the y5.52 is unfolding. And this is how I see it based on what I am following. That large plunge is thought to be y5.51 and y5.52 is supposed to unfold based on the following ...

Elliott Wave Counting with EG

Price and Time — If Price and Time was taken into consideration together..... This could have been anticipated. Price y5.4 > 23.6% < 50% of y5.0 - y5.3 Time y5.4 was a complex wave structure so it is supposed to take longer than y5.0 - y5.3 ...

Elliott Wave Counting with EG

UPDATE : Revising y5.4 count — Attached is a chart adjusting y5.4 to correct something I missed out on my analysis. Time factor was supposed to have been incorporated and it would have shown that we were not yet finished with y5.4 And now that ...

Elliott Wave Counting with EG

UP or DOWN — Let us see if this will help you. It is true that : 1. we say we Buy the Cable when it is up and we Sell the USD because it is down 2. we say we Sell the Cable when it is down and we Buy the USD because it is UP Above is ...

Elliott Wave Counting with EG

I do not have any update on my EW count as of now except.... My Wave 4 has expanded. Although it is supposed to go down further for the wave 5, my other indicators are telling me something else. Unless we can cover the Wave 5 ground in 2-3 hours ...

Elliott Wave Counting with EG