Quoting jonmartinsDislikedHey Dave,
Do you see this Gartley on the 4Hr GBPUSD?
I like your journal.
Thanks
Jon M.Ignored
I'll have to see if I saved a chart with boxes pre plotted.
I entered long 30 min ago.
Dave
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Quoting jonmartinsDislikedHey Dave,
Do you see this Gartley on the 4Hr GBPUSD?
I like your journal.
Thanks
Jon M.Ignored
Quoting kenari05Dislikeddavid would you mind to share the ewocci indicator and its method description? TIAIgnored
Quoting xxDavidxSxxDislikedway ahead of ya. Is this the one your talking about? I had the reversal point pre plotted. When I saw the price stop and reverse right in my blue box I jumped on it.
I'll have to see if I saved a chart with boxes pre plotted.
I entered long 30 min ago.
DaveIgnored
Quoting jonmartinsDislikedYeah, that's the one. I didn't get in, though. I think it might still try to retest the previous low or go as low as 79%. And tomorrow being Freaky Friday.
Do you see this as a Gartley or a Butterfly?
Where are you planning to start taking profits???
I notice that the 100% Expansion Level(1.9015 ish) is just a bit shy from the 2 month Resistence line on the Daily Chart.
Thanks for the input.
Jon M.Ignored
Quoting xxDavidxSxxDislikedand actually it could go as low as 1.2500 befor going to my target as a wave e can over extend.
""""Triangles appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangles contain five overlapping waves that subdivide 3-3-3-3-3 and are labeled a-b-c-d-e. A triangle is delineated by connecting the termination points of waves a and c, and b and d. Wave e can undershoot or overshoot the a-c line, and in fact, our experience tells us that it happens more often than not.""""Ignored
Quoting kenari05Dislikedwhat happen to your cable long?Ignored
Quoting xxDavidxSxxDislikedI tried to get this posted this morning just befor news but FF site was down, and I went to sleep once I saw it go my way.
Short was taken at 1.2546
s/l was 1.2585
Target is open.
E-trailing was set to move to b/e at +35 pips and trail every 5 there after.
Now s/l is at 1.2525. I might raise it a little when the market opens. I expect the price to reach 1.2455 because that is major support and major 38.2 fibo of a weekly scale.
The buy signal prior to this I mentioned in another post didn't look good to me because all the MA's were to far from crossing the 55 ema.
This short signal had all the ma's crossing back down the 55 ema and pivot, ewo,cci were all crossing at the same time. That is always a good sign when they all cross on the same candle or two.
edit: the correction I mentioned in the above post was shallow. It left a clear a,b,c, zig zag as you can see in the chart...the yellow ma is the 55 ema.
DaveIgnored
Quoting YasirYarDislikedhey david.. nice journal.. my question.. do u put the trade in the journal beore actually goin in on a trade?? or do u post in the forum after the trade is underway?? and also is elliot method the only method u use for ur trades?Ignored
Quoting kenari05Dislikedi started liking this ewocci technique... hopefully will get me out of my day job
just wondering why this technique cannot be used on smaller time frames?
may i know when do you start practicing this method? i will start reading your post regarding this proven methodIgnored
Quoting xxDavidxSxxDislikedCurrent trade..
I labled the previous zig zag as what looked to be a distinct 3 wave correction. This means this move down should have 5 waves. We are now in what looks to be a sideways correction. mabe a wave 2 sideways.
Not gonna try to lable them. Just the fact there was 3 distinct waves. Because the down move befor it had a definate 5.
Using the 5/3/5 rule of e-wave. And you can see the sideways correction has done a 38.2 retrace according to fibos on the chart
s/l is just above pivot resistance at 1.2525. That doesn't mean it won't go up there befor going down.
If it hits my s/l I can get a short re-entry signal on the re-cross down of pivot. Profits are locked in anyway.
DaveIgnored
Quoting xxDavidxSxxDislikedWell guys and gals...
I am holding this euro lond due to long signal. But the euro$ don't want to go up. resistance is at my entry and support is pivot. Price came with in 2 pips of my s/l. Currently at 1.2533 it could go anywhere.
I am done stressing it I figure its gonne be a loss.
Technically speeking price remains above pivot. Remains above 55 ema. And 21 sma is barely crossed up the 55 ema. CCI remains above 0 line. So this is why I'll just let it ride. short term technicals are slightly bullish. But either way is risky for now.
DaveIgnored