Elliot Wave Trading

7665 now on the way up to 7690 and will be taking short

short to 7611 should hit by early next week then we buy with tp at 7800

fix

i know EW guidelines and that's why i don't understand how you can consider kenario's count a good count.

So looking for 61.6 fib number which is also by M3 pivot.

A

Hey,

Where's that coffee, sorry I meant to say 61.8%Fib Number and M2 pivot line.

Just as an aside the Euro/JPY is heading for it all time high. Might get a nice bounce at this level....we'll see soon enough.

Alex

complex b forming will bounce off of 7652 be patient dont jump in yet watch from side lines

Fixme, are you going to run a room (yahoo, paltalk?) again today? I got a lot out of y'days.

Adam F

we got the bounce lets see if we can fight gravity and get to 7690

im here today on thread for now the chat room we have outgrown.So soon so I will be here chat room only holds 20 ppl. and we had problems getting people in yesterday

Just on the off chance, does anyone have a chart of a EW complete market cycle from a realtime FXchart that shows all 144 waves?
One from the fx market rather than a textbook would be a helpful reference point as I learn EW theory.

Thanks
Adam F

Good idea team to sell gbpusd off of the spike remember entry could be 9095. we may spike just a little higher pls be alert and ready to sell off of what im hoping will be a spike

wow its that many waves . pls dont let that ebook confuse you guys. some like to make things more complicated than need be. just use the guidlines i listed thats all you need to know

team!! look at your charts on 30 min chart we are in the start of mini 5 wave up due to complete at 9095. we will probably overshoot this be ready for the short. the only way im thinking we will get failure is if they dont raise rates.

also be mindful i dont want you all to think ok 9095 is the end all to all. it is possible to go as high as the top of wave 1 on daily which is 9135. 40 pips higher than 161.8 fib mark the 261.8 mark is the peak of wave 1

eurusd is also possible to break 1.2840 and heading for new wave 5 on H4...i dont know just feel worried....i took my profits already before US news.

short at 9095 remains

cable affected after intrest news...wow...cable going up again till 9095??

Hey fix which room???? was it yahoooooo?

<TABLE cellSpacing=3 cellPadding=3 width="90%" border=1><TBODY><TR><TD vAlign=top width="33%">Classically W.C is a five wave pattern.


</TD><TD vAlign=top width="33%"><!-- MIDDLE TWO-->If W.C. exceed 162% of W.A the labelling is probably wrong. The current pattern is probably impulsive.


</TD><TD vAlign=top width="27%"><!--RIGHT -->PRICE

W.C. usually 62% 100% 162% of W.A

W.C 162% 200% 262% of W.B

W.C. rarely > 262% W.B

TIME
Use Time guidelines for complete A-B-C corrective pattern.

</TD></TR></TBODY></TABLE>I was looking for this being that gbpusd hardly ever fails in its wave counts. W.C 162% 200% 262% of W.B

but instead got this

W.C. usually 62% 100% 162% of W.A

this is what happend on the 30min didnt even take this into concideration until seeing dbl tops. Was looking for the up ward movement on the rate hike market sentiment saw it another way. Positive out look here is you did not loose money. This is why I dont trade news now you will get the up and down action the rest of day.

for better validity for me we need to break yesterdays low. news is best traded about 30 to 45 min after release. That is if you are try to get gauge on what going on. there will always be another trade to get in. For profit but today on this by sticking to my rules I didnt loose money although so tempting when seeing candle stick go down down down. lol We made some good money this week and will make some more and have fun doing it.

from low of 9018 to now 9050 will we see 9095 still very possible we are almost at the entry point fo r EUR which was 2795 to 2800 for good short