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Elliott Wave Trading

  • #8,701
  • Sep 16, 2017 12:51pm Sep 16, 2017 12:51pm
Same pair, weekly outlook and target:
Attached Image (click to enlarge)
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  • #8,702
  • Sep 16, 2017 1:07pm Sep 16, 2017 1:07pm
My strategy:first pending order at
1,0922.
Stop is way below, under w2.
Will keep adding below first lot, and above, provided it doesnīt collapse...
Orders below , are same size as first order, with smaller risk (obviously), cause they would be closer to the stop.
Add long lots (up to 30 long trades) hoping to load the wagon for a few weeks, if the w 5 is successfull...till target.
I enter on a combination of , Dynamic Trading, Chaos signals on 240, and stop runs (like the first one.), a bit of the milipede theory: which trades hundreds of postions in one direction, for a very long time, following the long time trend.(btw, the "milipede strategy"in FF, is profitable...itīs the reward of patience and diligent work)
Trailing stops very widely, give the "campaig a chance to breathe.
The trading plan is to have fat winners, and thin loosers.
I trade with Oanda, so I can adjust the risk size of every lot exactly to my MM .
  • #8,703
  • Sep 17, 2017 8:23pm Sep 17, 2017 8:23pm
Quoting cuchuflito
{image} Textbook w4 retracement, look at the time targets for the end of wc of w 4 the software produced. Thatīs between the next 2 Mondays Price is marked.. Will it play out?
Which pair or market?
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,704
  • Sep 18, 2017 1:43am Sep 18, 2017 1:43am
Sorry about that guys, those 2 charts are AUDNZD
  • #8,705
  • Sep 18, 2017 2:30am Sep 18, 2017 2:30am
Quoting skyhok
{quote} On track towards at least 1.3290 for significant downside potential. {image}
Has this structure changed in any way?
  • #8,706
  • Sep 18, 2017 4:16am Sep 18, 2017 4:16am
Quoting diavolul
{quote} Has this structure changed in any way?
I think so. After reaching a previous earlier target of 1.3260,

Quoting skyhok
GBPUSD H4 Examples of wave 4s alternate with 2s. The logic: 1. If a wave 4 does not alternate with wave 2, most likely it is not a wave 4 or the wave 4 isn't complete. 2. Since wave 4 alternates with 2, the 1-3 & 2-4 channel lines are seldom (if never) parallel. Setting up on retracement near 1.2850 for medium-term longs towards 1.3260 {image}
a structure changed that wave 3 has a potential target of reaching at least 1.3820.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,707
  • Sep 19, 2017 9:09pm Sep 19, 2017 9:09pm
Quoting skyhok
{quote} Yes, EURUSD revised wave count : It's been a corrective advance since the low of January 2017 low. From preceding wave form, it's assumed this is a wave c (gray) advance, thus treating it as an ending diagonal 3-3-3-3-3 wave c. If this ED wave count remains valid, expect a significant corrective a-b-c drop (on daily time frame) towards 1.0500 ......... soon. {image}
hello skyhok,

do you have any updated wave count of eurusd?
  • #8,708
  • Sep 19, 2017 10:39pm Sep 19, 2017 10:39pm
NZD/USD - simple wave theory look at daily/weekly - impulse - correction - impulse is the essence of wave theory. We are in a daily corrective uptrend.. always looking to sell the 'tops' -- many EWT make it too complicated.. looking at lower degree 4h correction for sell down to the daily TL below - will this be the 'break' and next impulse of larger degree (orange).. or one more move back up.. the lower TF will tell us.. lets catch the pips down there first.. then decide if hold or TP at the TL.. happy trading wavers!!
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Wave-Trader- Charts as DocHolliday on Tradingview also
  • #8,709
  • Sep 21, 2017 10:00pm Sep 21, 2017 10:00pm
Quoting oak
{quote} hello skyhok, do you have any updated wave count of eurusd?
Just waiting for clearer wave count & signal.
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,710
  • Sep 22, 2017 7:04am Sep 22, 2017 7:04am
Hi Skyhok, any sell setup around these levels on Aussie?
Chief Member of 220 mph Riders Club...
  • #8,711
  • Sep 22, 2017 9:51am Sep 22, 2017 9:51am
Quoting kanji
Hi Skyhok, any sell setup around these levels on Aussie?
On the H2 time frame, AUSUSD is most likely in the middle of an (a)-(b)-(c) expanding flat correction b, since 27th July top.

While the near term corrective advance of present wave 5 of expanding diagonal c is heading towards 0.8200 area.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,712
  • Sep 25, 2017 2:51pm Sep 25, 2017 2:51pm
Quoting oak
{quote} hello skyhok, do you have any updated wave count of eurusd?
How about a triangle for B, now in wave C of 4, then new highs ?
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  • #8,713
  • Sep 26, 2017 2:21pm Sep 26, 2017 2:21pm
Updating the AUDNZD chart I posted before: remember the time and price target the DT software showed? (I didnīt change them on the following one)
I donīt know if the w3 high will be taken, confirming the end of wc and 4, but as you can see right in the middle of the projected time and price (in advance), it bounced back.
Isnīt this interesting...
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  • #8,714
  • Sep 27, 2017 3:06am Sep 27, 2017 3:06am
EURUSD: EOW 4 Time and Price Targets (Dayly)
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  • #8,715
  • Oct 2, 2017 6:42am Oct 2, 2017 6:42am
Quoting barkie
{quote} How about a triangle for B, now in wave C of 4, then new highs ? {image}
@Barkie, with the knowledge that i have for Elliott waves, Wave B and wave 2 can not be a triangle. waves, A, C, 5 ... can form a triangle pattern
  • #8,716
  • Oct 6, 2017 7:49am Oct 6, 2017 7:49am
Quoting skyhok
{quote} I think so. After reaching a previous earlier target of 1.3260, {quote} a structure changed that wave 3 has a potential target of reaching at least 1.3820. {image}
How far the last leg of this decline could go, cause it seems that it is not over, at least not yet?
  • #8,717
  • Oct 6, 2017 10:52am Oct 6, 2017 10:52am
Quoting diavolul
{quote} How far the last leg of this decline could go, cause it seems that it is not over, at least not yet?
On second thought, it could well go down to 1.2920, but keeping an eye on the 1.3020 ~ 1.3010 area.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,718
  • Oct 7, 2017 5:12pm Oct 7, 2017 5:12pm
XAG/USD setup we are in 1h bearish correction of 4h upmove. Combining wave theory/my indicators and TL - suggests we have a ABC correction (EXP FLAT - b wave) that is likely complete and this breakout may end the correction - upside to come.. wait for a lower TF flag/correction and entering a buy on that breakout looks like a good idea.
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Wave-Trader- Charts as DocHolliday on Tradingview also
  • #8,719
  • Oct 7, 2017 5:33pm Oct 7, 2017 5:33pm
nzdcad has a nice impulse - abc correction on the 240 for all wave traders - we have broken the A low for reg flat, c wave is not 'over' but once we get the break i will begin to eye this chart for buy setups on the lower TFs --


---------------------------------
*Wave trader - based on FROST/PRECHTER theory with a much more simple version of wave count system. Counts will likely never agree with elliott wave traditional counts. This is known, and there is a method to the counts.
Happy Trading -- Doc
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  • #8,720
  • Oct 9, 2017 2:46am Oct 9, 2017 2:46am
3 waves down, got rid of the triangle.

Friday's low was imo either the end of wave 4 or just wave A of a triangle (and double zigzag is possible as well). Triangle is likely imo.

Fridays reversal on a 15min is a clear impulse so I guess more to come but 1.1670 needs to hold.
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