Ian did you get the Private msg
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Quoting fixme1tooDislikedhere is the eur. as you can see at my 2775 entry we we right at 78% the extreme fib for b wave then we start our downward move. Then the next day news came sending us up. Nice retracement today not to 78% but we will get there tp is 2600 and sl is 2950.Ignored
Quoting animoneDislikedhi fix.
i'm trying to understand the charts you posted above.
first question is about gbp/usd chart.
does wave 4 overlaps wave 1? if yes this is against one of the basic rules of ew theory. Yes this is true but it does happen. Wave does break it on my chart but does not close there. You will find this often with GBPUSD because the impusle waves almost always go past all fib lines.
on eur/usd chart i see:
five wave 12345;
then i see a-b but not a c and complex b and then a A wave.
what kind of count is that?
I dont Know what kind of count that is because I dont see a B or C wave yet atleast on the daily chart or the chart I posted The B that you see is where B will complete at from there C will be upward.
look at wwwin count that's a good way to number waves.
wwin labels his waves as he do. I label mine the way I do because it easier for me to see what I need to see. I usually dont even label the mini waves because it complicates things and I am not trading them mini waves I just measure them to verify count but never do I lable them. I only labeled them for teaching purposes so others can get better idea of whats going on I usually label mine like gamelu does. By the way WWWIN count is incorrect. Wave A was a complex wave. A "real complex wave" by rule I will always remember that and thats generally what happens with GBPUSD the end is "COMPLEX" alot. I remeber the day when it happened because I got burned for 100 pips. Also when it happened I said to all " KEEP THIS IN YOUR MINDS EYE " just like this week. Just like any good coach if he looses a game he goes back and looks at the tape to see what he could have done different so next time when encounters that situation he will know how to react. So if you are going by his count it is incorrect. Look at where his Big A completes and where mine completes. Remember
W.2 and A
Zig-Zag (ABC) most common.
sorry if i bother you, but i think is good for everyone to understand the right principle of ew theory. This is no bother at all This is actually what want this type of dialogue. This helps us all. Even me because its easy to make mistakes in counts. So it helps me if I overlooked something. There are no BIG ME'S and little you's here. We are a team with each one of us trying to obtain the same objective.
any explanation from you is appreciated.Ignored