I don't know how to read this together but, check out the monthly chart.

I'm very close to pull my triger too.... waiting for the 5 wave pattern of wave C at 5 min to complete, now it's probably at 5.4... I posted a chart a few minutes ago show the 5 wave pattern of wave C, and the wave 5 seems to have developed into a 5 ...

The wave 2 may be developing a ABC pattern, while the C may be a 5 wave pattern developing on 5min. And at this moment it seems to be at wave 4 (flat sideway)... just a sec, let me post what I see and maybe you guys can verify it.... Here we go, ...

Agree here, . For 400396's count, a problem I see is the wave B. Usually wave B is a 3 wave pattern instead of 5 wave pattern. In 400396's counting the wave B is apparently a 5 wave pattern.

Let me label it and post it here, Here we go...

zoom further in... then we have Traex's counting for the wave C. The question is, what happens after wave C? That's why I go to larger time frame at post #473 and #474 to get a bigger picture. I realize that between the red and purple, there may be ...

Zoom in to the current down wave... it seems that we have a complex wave A, than a simple wave B, now we are on the way of a 5-wave wave C Just another perspective....

In this one the purple wave 3 is just finished with a green 5-wave pattern. We are on purple wave 4, since the wave purple wave 2 is a simple one, purple wave 4 may be a complex one and last for long time. I don't like this solution because at lower ...

Is it possible to be like this on higher time frame? This purple 5 wave pattern only forms the wave 1 of the red wave 3. But that means the retracement will be much deeper than where we are right now.... until 8950 or 8575, seems to be unbelieveable.

BTW, it looks to me that cable is on the way down to finish a 5-wave sub-wave C of a wave A starting from mid April, it may have finished the wave 1 of the subwave and the wave 2 is heading back to 50/38.2 fibo level at 9800-9750 area. Do you guys ...

Thank you, Traex, for this great journal. Looking forward to see your regroup analysis. aha

Hi Traex, For the EURUSD chart you posted, the wave 2 correction is going on and on. Is there anything you are expecting to signal the end of wave 2? I notice that your entry sometimes get very close to the reversal point. aha

Traex is probably right about the timing thing works better for stock market... I checked again and found that the timing statistic I mentioned was from stock and bond market, to get the statistics from forex we may have to pay for it.

Thanks.

I read from the refined EW principles that statistically speaking the time span of each wave in a 5 wave pattern have certain relationship, which may be used to identify the end of a wave with some accuracy. For example, it is said that in most of ...

My bad, it should be "too long", I will post a chart to use what I meant in just a minute.

If we compare the time of the retracement in April and May with the time of the bullish swing before it, it seems the retracement has ended (the retracement takes about 60% of the time for the bullish swing) and we seems to be starting a new 5-wave ...

If that's the end of wave B, don't you think the 3-wave correction last two long comparing to the 5-wave impulse earlier? Seekinglight's and your previous counting seems to be more likely to me.... the correction abc-x-abc is over and now we seem to ...

Hi fixme1too, I notice that you and your team haven't been posting much lately, are you guys moved to somewhere else or just taking a break? aha

Hi alfianx, I am pretty busy right now, maybe someone else can help you. But from my experience, using a mechanical ruleto exit is usuaslly not a good idea. aha