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Elliot Wave Trading

Feb 23, 2017
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I there still room to sell Gbp/USd? Or is it too late now? Followup selling tomorrow? Whats your target fixme?
fxtrada.com
Look at you ATR today we have moved about 160 pips shes finished. ready to go up I believe but need close of the day to be certain but looking like she is gonna retrace. to form the B wave Then we can jump on at the top of the b wave dont try to trade the B wave up because overall market sentiment now is short. Atleast that is one of my rules



Quoting lifetime_trader
I there still room to sell Gbp/USd? Or is it too late now? Followup selling tomorrow? Whats your target fixme?
im long nzd
Quoting fixme1too
im long nzd
where TP and SL fixme1?
100+ pips will do the analysis this eve. stop can be 6630 this pair is alot safer than gbp and eur follows elliot wave to a tee so no suprises



Quoting waskito
where TP and SL fixme1?
keep an eye on usdjpy will be time to short soon maybe tomorrow or wednesday.
my moves for tomorrow long audusd, nzdusd, gpbusd, eurusd, and short usajpy, usacad will update tp and everything shortly
also eurjpy shor it showed its hand on the 4 hour was thinking how this would play out but wanted to be certain.
also I want you guys to pay attention to something. Watch the eurusd and the gbpusd. then watch nzdusd and audusd.

If you stood on the side and watched the news last week you will know what I am talking about and the exact same thing happend today


Tell me how the nzd and aud usd pairs correlate with each other



Then watch how GBPUSD EURUSD correlate with each other.







then tell me what is similar about how the pairs trade. You will be surprised. http://www.forexfactory.com/forexfor...ons/icon12.gif


Trying to get you guys to think.
i realized since this morning......i hope u make more pips tomorrow..cable and euro move at the same direction...nzd and aussie move the same way too...
In answer to your question.. The NZD and the AUD moving in correlation to each other basically.. When one goes down the other is moving down in similar wave.. Same thing for the GBP and the EURO... it has to do with the close relation economically between the pairs as affected by the strength or weakness of the USD..

Just my observations..

Shaimus
Are waiting for the start of Europe to get into your AUD and NZ long positions or are you long already?

A
Yeah you and phai kind of right. The answer I was looking for is. They do move in same direction but not at the same time. It was thought they move together but they dont. Last week when news came out the cable dropped like a rock but eur pretty much held its ground. Then about one hour later the EUR followed suite. The AUD and NZD does the same thing with the AUD acting as the cable and the NZD acting as EUR. The point I am trying to make is PRICE ACTION some may be in a trade on the cable we know the eur trades in same direction as cable but one might say to one self "if cable is moving why isnt the eur. Dont they trade together" the trade in the same direction majority of the time but not always together most times it is a trailing movement. Let check out todays moves I will post moves for tomorrow that i like



Quoting shaimus
In answer to your question.. The NZD and the AUD moving in correlation to each other basically.. When one goes down the other is moving down in similar wave.. Same thing for the GBP and the EURO... it has to do with the close relation economically between the pairs as affected by the strength or weakness of the USD..

Just my observations..

Shaimus
im in already got in earlier today



Quoting AlexFX
Are waiting for the start of Europe to get into your AUD and NZ long positions or are you long already?

A
fixme1to,

Still trying to get a total grasb of the counts here so please excuse me if this is a stupid question.. but on the GBP/USD daily chart it appears to me that we have a potential extended wave B occuring then when it exausts we will go into wave C which will be a substantial drop to somwhere in the neighborhood of 1.8650 with my expectation of wave B topping out at around 1.9150 or there abouts.. Am I starting to see this thing correctly???

Appreciate your time here..

Shaimus
by the way did we get our notepads or something of the sort to write down each trade you enter with date time and realized pips on loss of pips. Please get this guys as we move along it will really come in handy for what we have planned once the chat room is up and running.
so cable kind a signal for us to determine euro direction...cool remark.....as far as i could see for usd/jpy, take profit gonna be at first support which is 117.20...but not so sure bout it..have to be confirmed by fix1me......just blow out my opionion...em in too for those pairs...nzd and aud..so far looking good....
Itme

You mentioned euro gbp move together but not always at the same time. Have you been able to determine if one leads the other as far as time frames go. I know the gbp moves at lest 10 pips to every 7 for the euro and today it was actually closer to 2 to 1
I like entry now on long

aud 7704 and 7728
eur to go to 2856 and 2878,
nzd 6688 and 6715
gbp 9094 and 9123




I like short on
cad to 1300
chf to 2390 -2370
jpy 1742 before going up to the 119.00's



and eur/jpy to short now to 150.44
Hey GOODTHINGS my name is FiXmE1ToO
LOL yes gbp leads eur i noticed by about and hour or more today gbp was making good progress down we stayed stalled at the 2833 mark on the eur forever. I was like damn I know you trail euro but lets get moving now lol. Then from there we finally broke 2817 giving me confirmation that ok this not the mini 4 wave that so many thought it was and indeed it was the start of a big A wave now tonight we should start the up move to complete a Big B wave completing where I stated at that point is where I will trade the C wave down. By using EW software you run into the problem of staying hell bent on what the program is saying and thinking objectively. Even though you have program you still must know a little about EW theory to better your odds. I'm just saying this so some dont go out and by that expensive 3 to 5000.00 software.




Quoting goodthings
Itme

You mentioned euro gbp move together but not always at the same time. Have you been able to determine if one leads the other as far as time frames go. I know the gbp moves at lest 10 pips to every 7 for the euro and today it was actually closer to 2 to 1
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