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  • #4,561
  • Nov 13, 2017 8:54pm Nov 13, 2017 8:54pm
Quoting sinclap
All about the ABC waves. {image}
could you post template please ?
  • #4,562
  • Nov 13, 2017 9:03pm Nov 13, 2017 9:03pm
There is no template. Not using MT4. Using Motivewave charting software which uses data from your broker. Give it a try. There is a 14 day free trial on a full version. Use the ultimate version to try out the Elliott Wave studies. Automatically automates the ABC waves.

Be forewarned, once you get a taste, will be hard to go back to MT4.

Quoting Jrotc1sg
{quote} could you post template please ?
  • #4,563
  • Nov 13, 2017 9:05pm Nov 13, 2017 9:05pm
ABC on the 1 hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD - Primary Analysis - Nov-14 0004 AM (1 hour).png Size: 118 KB
  • #4,564
  • Nov 13, 2017 9:08pm Nov 13, 2017 9:08pm
eu lined up for a drop h1
  • #4,565
  • Nov 13, 2017 9:10pm Nov 13, 2017 9:10pm
Quoting sinclap
There is no template. Not using MT4. Using Motivewave charting software which uses data from your broker. Give it a try. There is a 14 day free trial on a full version. Use the ultimate version to try out the Elliott Wave studies. Automatically automates the ABC waves. Be forewarned, once you get a taste, will be hard to go back to MT4. {quote}
awesome I'll give it a try thanks
  • #4,566
  • Nov 13, 2017 10:02pm Nov 13, 2017 10:02pm
EUR/USD Daily
Attached Image (click to enlarge)
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  • #4,567
  • Nov 13, 2017 11:20pm Nov 13, 2017 11:20pm
Quoting zhafryy
Even though I'm a bit skeptical since previous price already touch the supply zone twice but I'm sure 99.9% price will reverse at the area between R2 and mR2, if it breaks through there's still a fresh supply zone waiting above. SL is set 10 pips above the blue box. Watch the white box {image} {image}
Let's see if the price will reject at the same zone again.
  • #4,568
  • Edited 11:43pm Nov 13, 2017 11:32pm | Edited 11:43pm
Good Morning Ladies and Gentlemen,

When looking at the weekly chart one thing that concerns my overall "bearish" bias is the supportive area that is created by the crossing of two channel midline sections (green and red channels).

Previous week high was 1.1677 and that is pierced now.. next is 1.1691 which was two weeks earlier's high.. I think as long as we are above 1.1646 bulls have all the spport they need. Therefore in my thinking if this week "CLOSES" above that level it will get more and more difficult for bears all following weeks to break below the green centerline and the red center line together, because just breaking below the green dashed line is not enough for bearish continuation.

In this bigger picture everything seems like a buy setup that could push price to 1.1760 levels (roughly the upper edge area of red channel) and if that breaks the way for much higher levels will be open for bulls.

The crux of my thinking is: Although I love to think that H&S will play out nicely and push price down to 1.13 levels we also have to consider a "Plan B" in case things go North.. This week's progress is highly important and we never want to trade blindly. So let's keep our eyes open and don't get eaten by sharks..

I temporarily closed my sell trade based on daily with little profit. I want to decide tomorrow after market close what to do. The closing price of today's and tomorrow's daily candles matter to me. Therefore in long-term thinking I am on sidelines. On intraday base I will have mixed trades on both directions.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-Weekly.png Size: 29 KB
Focus only on what truly matters!
  • #4,569
  • Nov 13, 2017 11:36pm Nov 13, 2017 11:36pm
Quoting zhafryy
{quote} Let's see if the price will reject at the same zone again.
Price officially consume up the zone, now we wait for two zone above.
Attached Image (click to enlarge)
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  • #4,570
  • Nov 13, 2017 11:50pm Nov 13, 2017 11:50pm
Quoting 4for4
{quote} Changed EP to: Sell-Stop @ 1.1636 —> 1.1681 / 1.1516 ...
Canceling the stop-order as the intended-SL was reached first ...
Market is not random but unpredictable
  • #4,571
  • Nov 13, 2017 11:52pm Nov 13, 2017 11:52pm
Quoting Ata-Turkoglu
.... The crux of my thinking is: Although I love to think that H&S will play out nicely and push price down to 1.13 levels we also have to consider a "Plan B" in case things go North.. This week's progress is highly important and we never want to trade blindly. So let's keep our eyes open and don't get eaten by sharks.. I temporarily closed my sell trade based on daily with little profit. I want to decide tomorrow after market close what to do. The closing price of today's and tomorrow's daily candles matter to me. Therefore in long-term...

when you begin to think about Plan B ? I mean, it looks like this whole H&S it's going south, that means price going north (excuse the pun), the neckline is now broken, of course a daily close above it will confirm it...

Also the inverted H&S on USDX, the neckline there has not been broken yet, maybe we will go down from that rejection...
  • #4,572
  • Nov 13, 2017 11:59pm Nov 13, 2017 11:59pm
Good Morning!
Bulls doesn't respect the resistances and the VIPs will start their weekly manipulation in 2 hours. 1.173x in play, if the H&S neckline fails.
My stops are at 1.1754. I have 2 resistances and my faith to survive todays bulls attack.
Attached Image (click to enlarge)
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  • #4,573
  • Nov 14, 2017 12:20am Nov 14, 2017 12:20am
2 more hours to go. Lets see how it's plays out? If it comes back down to 1.1660, i think this would probably be the high of the week.
  • #4,574
  • Edited 12:45am Nov 14, 2017 12:23am | Edited 12:45am
Quoting onedollar
{quote} when you begin to think about Plan B ? I mean, it looks like this whole H&S it's going south, that means price going north (excuse the pun), the neckline is now broken, of course a daily close above it will confirm it... Also the inverted H&S on USDX, the neckline there has not been broken yet, maybe we will go down from that rejection...
Yes.. I wanted to emphasize that we actually can't take the H&S for granted.. Not while I see risk in weekly candle closing above the support area I mentioned: 1.1645/55 block.. Once I see daily situation especially on Thursday morning I might decide much clearer.

It looks like on H4 chart, candles can't make it to 1.1650 as of today.. (The channel there will already act supportive starting from 1.1660.. so shorting is not an option.. I buy the dips at least until 1.1705 or maybe higher.. and then I will try to sell the highs on H1 or M30, especially once I see bearish evidence on H4.. My plan for today..

Below is my view on M30.. there it looks simple.. mostly will try to short at 1.1738.. but maybe even 1.1711 will start resisting.. time will show..

Speaking only for today: The lowest it can get from here is 1.1680.. forget lower levels for a while..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-M30-Fib-Symmetry.png Size: 71 KB
Focus only on what truly matters!
  • #4,575
  • Nov 14, 2017 12:40am Nov 14, 2017 12:40am
If you think buying is risky, just wait. The upper handle is just 30 pips way. It touched 1.1699. You could be little more patience. The long trades above 1.1730 riskier than the shorts. I watched all the guys analysis in here. Most of them suggesting the break through from 1.1730 - 1.1750. If you believe the analysis and it supported you 7 out of 10 times, then you can easily make the moves accordingly. It will come back down.

Either you could wait for the right price or keep the stop loss wide.

Lets see
  • #4,576
  • Nov 14, 2017 12:40am Nov 14, 2017 12:40am
euro 1.2000 target

look alike HnS daily failed...some inventory wass start to change
Made in Malaysia <3
  • #4,577
  • Nov 14, 2017 12:41am Nov 14, 2017 12:41am
Quoting Ata-Turkoglu
{quote} Yes.. I wanted to emphasize that we actually can't take the H&S for granted.. Not while I see risk in weekly candle closing above the support area I mentioned: 1.1645/55 block.. Once I see daily situation especially on Thursday morning I might decide much clearer. It looks like on H4 chart, candles can't make it to 1.1650 as of today.. (The channel there will already act supportive starting from 1.1660.. so shorting is not an option.. I buy the dips at least until 1.1705 or maybe higher.. and then I will try to sell the highs on H1 or M30,...
Sounds good, keep it up
  • #4,578
  • Nov 14, 2017 1:01am Nov 14, 2017 1:01am
a move like that looks pretty much like SL-hunting, doesn't it?
  • #4,579
  • Nov 14, 2017 1:05am Nov 14, 2017 1:05am
Loving the ride. Hope this is my biggest win in the year.
When you see it, BET big.
  • #4,580
  • Nov 14, 2017 1:09am Nov 14, 2017 1:09am
Is this possible?
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