Elliott Wave Trading

Obviously, there´s not much interest in this thread on maximizing profits and MM.
People here just posting colorful charts with potential EW counts, which is fine, but by far not enough to make $ with EW, or any other system for that matter.

I will still share my ideas, I guess it is a good exercise for myself.
Like I mentioned im a fan of B. Williams, he wrote 3 books, and what I do is pick up the best from each, (in my opinion), after backtesting them.

Check this EURAUD 12 Hour chart, (I use a period converter), I like 12 hours, not too slow, and almost as reliable as a Daily...but giving me more opportunities.
Actually I took this trade, made 1,8 R which is fine...but my question is: how can I make the most of every one of my winners. (basic trading principle).
To be continued...

Here´s the original Day chart.
Note the High of the 18th of June.
Time, Price, Momentum and Pattern all are aligned for a short campaign.

And here´s the potential campaign:
Entries are numbered in PINK. (1,2,3,4).

Using the pyramiding tactics of BW last book.
1- 1/5 of my R (my personal risk size).
2 - The full R.
3- 4/5
4- 3/5
5- 2/5.

1- Is a bearish divergent bar, from Bill Williams last book.
Using the pyramiding tactics of the same book.That entry takes only 1/5 of my R (my personal risk size).
2-Is a jurikMA average cross on the 4 H TF.
3-Is a bearish reversal of the DTOSC 8 in the chart, after the potential eow2.
4-Is the fractal break of the potential w1.
5.Is a conservative entry, at the eow4, with a stop at the eow2.

Using something similar from B.W first book, take profit on the biggest lot at the first 13 DTOSC reversal, which coincided with the end of w3. (Buy 2)
Then close all the rest at a conservative eow5. (Buy 1345)

Same campaign potential results: 5,96 R. (almost 3 times more profit for the same swing), using only logical entries and exits.

And here´s the 12 H chart for ilustration:

Let me give you a clue, something I found extremely usefull:
Start your analysis on the MONTHLY chart!
Even if you daytrade, start with the monthly and work your EW down.It tends to give you a clearer perspective.
My humble 2 cents anyway.

Good day everyone. Does anyone have an ebook with the title 'Applying Elliott Wave Theory Profitably - Steve Poser'?

Regards,
Tom

What i see of gold

Ok so I am gona post some more stuff if you guys agree just like it Thanks

Pound Daily view

Pound 4Hrs

#GBPUSD / H4

Nice chart!!!!

Remind me to post back and ridicule you and Elliott when pound drops below that little red 1.
At 1.26 right???

Then you'll start shilling that A was 1 and C was 3 and you were always short for 1.15.
Right???

...i took a screenshot, don't go add ALTERNATIVE UNIVERSE.
Ok????

#SILVER / H4

#GOLD / H4 / Two Ideas

its strange but i also think about this up-i think about 1530.But we had gap in this level im affraid to buy.

it s dangerous to buy here can be gap down after sideways.Wait AC daily green.Now all is red.

German Government, aligned with another 9 EU states, confirmed Tobin Tax, starting soon, on Stocks "only", (for now).0,2 % when entering and again closing.40 Euros per 10000 investment.
Translated to Forex: 20 pips spread tax to enter and other 20 pips to close. If they put in on Forex, then the only viable chart to trade will be the Monthly, enter today, close in 10 years, if your gain is 500 pips then 40 pips spread is negligeble.

usd jpy

I m curious though, how do you make confirmation to enter a trade while using EW?

#GBPUSD / H4 / Bullish Idea