Gbp/Usd (Elliott Waves Trading System)

Trading with ELLIOTT WAVES.....

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The greatest lesson in learning to trade with Elliott Waves
is understanding that it is Subjective ................

-In fact , all of technical analysis is Subjective !

Elliott Waves , Wolf Waves, Gann Lines ,...Fibonacci ,..ALL OF IT !
Name your Method - Name your System

NOTHING- is 100% Reliable !
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No matter what Wave- count you come up with ,
there is always another wave count in the same chart

There are always more than one point of view !
Because we all don't see the world the same way .....

Again ,I say to you
Elliott Waves, like any other form of technical analysis is very subjective.
These wave counts - They mean nothing without the understanding
of Risk to Reward and applying Position Sizing to each individual trade .

If you don't take the time to study what's called Position Sizing ,
You are wasting your Time !...............................................
So Mastering Elliott Waves is about Mastering Money Mangement
and understanding what is called Position Sizing .........

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Also, Learn to accept that -
Elliott Waves Formations will be correct only 50% of the time .

So, the big question is ,
Can you make it in Trading - and only being only correct 50% of the Time ?............

Trading Plan......... ( See Attachment Below )

Gbp/Usd ---
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This trade has a Risk of about 50 pips

Can You stand to loose 50 pips? and be able to live another day to trade again ? ....
-This is what the experienced trader is concerned with !

All the so called " Professionals " in here and out there are only concerned
about being right on the call ..............................................
Only fools are concerned with being right all the time !

In Fact ,
There are people doing well at this being by right only 50% of the time .

If you want to be successful at this thing called Trading with Elliott Waves
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Forget about Oscillators! - Forget about the News! – Forget about Meetings !
Most Oscillators Lag behind Price and there is too much Pollution in the News .
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Only then will you begin to see a difference in your trading !

Concern yourself with Risk to Reward and what's called Position Sizing
and also learning Sound Money Management Skills ..............

Because in the end it all comes down to your Averages!


Trading is all about your ability to analyze Risk and Protecting
your Assets in any individual trade that you decide to take !

This is more important to understand than any trade system or method
that you can think of to applying to the various markets ........

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Elliott Waves is not about who as the right Wave count !
- There is no such thing ………………
There are too many Wave-counts - because We all don’t see the world the same way .

........All we have is Probability !………….

from there its about managing the Risk of the trade if and
when you decide to get into o that specific trade set-up !
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Let us not loose sight of understanding this ........
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We must learn to appreciate all the Wave-counts ...............
So, Don’t get upset and be rude because your Wave-count
or point of views is different than someone else in here .

Learn to Disagree and post your chart to prove your point !
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-Remember the Lessons of Money Management-
In which will ultimately keep you out of trouble especially when
you are wrong about a particular market turn !…………………
Maximizethose winners and Minimize those losers.

Don't over - extend yourself !........Don't over - leverage yourself !...........

Live to take a loss and still be able to Trade Another Day….

( See Attachment Below )

1 Long-Term Chart

Gbp/Usd ...... (Daily Bars)

Here are my Longer Term updated views of the GBP ......

Usd/Gbp
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Probable Wave-count ............
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Gbp/Usd

GOT THAT WAVE 5 UP - after all !.........

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End of a wave 5 appears to be here now
as illustrated to happen from the last post

Here is the update - Price is over-bought now ........

Usd/Gbp

Another Nasty Downturn for the Gbp

Say Bye , Bye , ...............
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Here are the Results - Gain of 110 Pips

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NO HINDSITE , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............

Elliott Waves

DO THEY WORK ?.......
( At least for some Traders they do ! )
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The key to understanding them is Education .......


An Education in Eliott Waves takes time and yes , money !
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I, Marketwavez did not learn Elliott Waves for free
- I too went through Trial and Error like any other trader out there .

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Intrested in Learning Elliott Waves ?
Any questions ....You can send me a private message ....

-Mean while the truth of the matter ,
is that it's not the wave-count itself that makes you sucesseful .......
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It's all about you ability to manage Risk and on individual Trades
and staying away from the News is what is important !///

The News will cloud your Judgement -
The News will only make you Emotional -

We all know what happens once emotion gets involed whenTrading !

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More charts to come

Come back soon ! ........Stay tuned !....

Usd/Gbp
Heres a look at the infamous Gbp ......
From Earlier today

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The evidence of support was clearly there at around 9460 ,
-Price then Broke out of a simple channel ...........
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NO REPORTS , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............

Here is where you can find more of my work with the Forex Charts .

SHORT TERM TRADE SET-UPS FOR ALL !
Go here and read
http://www.moneytec.com/forums/f59/s...set-ups-21364/

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Fibonacci Retracements........ How valuable are they ?

You be the judge !
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To learn more ......visit
http://www.coveredcallswins.com/char...ing_formations

http://www.trending123.com/patterns/

Intersted in Learning Chart Patterns ?
{link removed, see rule 3}
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TRADE AT YOUR OWN RISK…
The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective.This information is for educational purposes and should not be considered trading recommendations. All trading decisions are your own Responsibility.

Good morning all ......

Gbp Continues to Rally


We're Here Now !..............Both Targets Reached .......

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NO REPORTS , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............

Here we go again...........Gbp/Usd
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Overbought - Now ?

Going into Tommorow Morning's Trade Seseion

Market appears to be over - bought now !
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Could this start to turn downward ? ........
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NO REPORTS , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............:

Gbp/Usd
( 2 chart Update )
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Here we go again -

End of a Wave 5 in play as already pointed out
to you from last week Thursday.

The Rally appears to be running out of steam now ?......

You be the Judge !..............

Intersted in Learning Chart Patterns ?
Click Here :{link removed, see rule 3}
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TRADE AT YOUR OWN RISK…
The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective.This information is for educational purposes and should not be considered trading recommendations. All trading decisions are your own Responsibility.

Wow........ Success !

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Look here now , Prices are crashing Down !.......

If You are trading the Elliott Waves Method

Forget about Funny-mentals , News , Reports, and Oscillators !

Watching the News will only cause Emotion!
Waiting for some Report come out will only cause Emotion!
Once Emotion gets envolved , you already know what happens !
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Learn to Limit your Risk on your indivdual trades.
Learn about Position Sizing - Don't over-extend yourself !
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Get out quickly when you are wrong .....

This is my message , and there is one year of charts
and results in here to back up what I am saying in here .
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Please don't take what I am saying out of context .....
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News, Reports , Meetings , Funny-mentals ,and Oscillators
are simply , not for the Elliott Waves trading method
- but it is good for some other forms of trading !
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Nelson Elliott who created Eliott Waves
did not use News or Meetings or Oscillators - So why should we ?

If it was good enough for him ,//// Why isn't this truth good enough for you ?
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Funny-mentals and News have Value yes ,
- I am not discreditig them... Just use them Elsewhere ....
Do not use them if you trading with Elliott Waves , Thats all !

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Elliott Waves is a Contrarian Mechanical Method of trading
- It does not require the Use of Oscillators , News , Reports ,or Meetings !

USD / JPY


Oh , the Pain .........

Why Does it Hurt So Bad ! ..................

Where's the aspirin already ?

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GBPUSD

Wow ! - Another nasty downturn for the Gbp/Usd .

Sold at 9540
as illustrated in the charts posted above from a few days ago
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Gain of 160 points.....
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NO REPORTS , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............:

More success today .............

Elliott Waves........ How valuable are they ?

You be the judge !
----------------------------------------------------
To learn more ......visit
http://www.coveredcallswins.com/char...ing_formations

------------------------------------------------------
Intersted in Learning Chart Patterns ?
{link removed, see rule 3}
--------------------------------------------------------------------------------------------------
TRADE AT YOUR OWN RISK…
The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective.This information is for educational purposes and should not be considered trading recommendations. All trading decisions are your own Responsibility.

Ok, Weisdawg

Here is is the results .....They are shaping up now !
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Entry at 116.98
as illustrated in the charts posted above from a few days ago
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Gain of 133 points.....
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NO REPORTS , NO OSCILLATORS , NO NEWS , & NO MEETINGS

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It's all in the chart's ...............