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Elliott wave trading

  • #81
  • May 2, 2023 10:15am May 2, 2023 10:15am
Quoting Pippuz
GOLD: triangle looks completed. {image}
this not right.
here the update. a triangle in wave B position give us a great information: if a triangle is a B wave the pattern is always corrective.
so this is a correction of a downtrend. tomorrow FOMC should provide us dollar strength
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  • #82
  • May 2, 2023 10:22am May 2, 2023 10:22am
EUR USD:
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  • #83
  • May 2, 2023 10:24am May 2, 2023 10:24am
USD YEN:
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  • #84
  • May 3, 2023 2:49am May 3, 2023 2:49am
USD YEN:
very useful for educational purpose and also for trading ( more clear than EUR USD)
let's make some analysis:

  1. Trend is to the upside as we are making higher highs and higher lows(1st condition place a trade where there's a trend in progress)
  2. is it more probable to predict a top in an uptrend or a pullback in an uptrend? clearly a pullback so the buy side in this market will give us more probability of success
  3. wave 4 cannot overlap wave 1
  4. wave 4 should make a corrective wave in alternation to wave 2. as we can see wave 2 is a zig zag so wave 4 could be a flat or a triangle.
  5. in either case if this is a wave A of a triangle or a flat we should see some recovery to the upside
  6. wave 4 retrace to the previous 4th wave of one lesser degree.

so all this information is telling me that this is a pullback in an uptrend and maybe some buy opportunities is in place.

Attached Image (click to enlarge)
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  • #85
  • May 3, 2023 5:13am May 3, 2023 5:13am
Quoting Pippuz
EUR USD: {image}
I kind of agree with you on this.
  • #86
  • May 3, 2023 10:29am May 3, 2023 10:29am
Quoting Pippuz
USD YEN: very useful for educational purpose and also for trading ( more clear than EUR USD) let's make some analysis: Trend is to the upside as we are making higher highs and higher lows(1st condition place a trade where there's a trend in progress) is it more probable to predict a top in an uptrend or a pullback in an uptrend? clearly a pullback so the buy side in this market will give us more probability of success wave 4 cannot overlap wave 1 wave 4 should make a corrective wave in alternation to wave 2. as we can see wave 2 is a zig zag so...
Welcome aboard my friend.
Don't compare your trades to others. Most often the masses are the asses
  • #87
  • May 3, 2023 10:44am May 3, 2023 10:44am
Quoting ifx777
{quote} I kind of agree with you on this.
the only bearish count is this one

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  • #88
  • May 4, 2023 11:45am May 4, 2023 11:45am
Quoting Pippuz
Dax H1: {image}
update please?…
any chance we might drop another 400 pips?
  • #89
  • May 5, 2023 2:11am May 5, 2023 2:11am
Quoting Fishbones
{quote} update please?… any chance we might drop another 400 pips?

confirmation level broken. wave 1 could be a diagonal as seems in this case.
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  • #90
  • May 5, 2023 2:16am May 5, 2023 2:16am
USD CAD
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  • #91
  • May 5, 2023 2:25am May 5, 2023 2:25am
EUR USD:
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  • #92
  • May 5, 2023 7:52am May 5, 2023 7:52am
bullish count DAX:
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  • #93
  • May 5, 2023 7:56am May 5, 2023 7:56am
EUR USD bullish count

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  • #94
  • Jun 2, 2023 7:40am Jun 2, 2023 7:40am
Quoting Pippuz
EUR USD bullish count {image}

Lol... not so easy to maintain your own thread is it? 1 month no posts?
Don't compare your trades to others. Most often the masses are the asses
  • #95
  • Last Post: Jun 8, 2023 7:12am Jun 8, 2023 7:12am
any update on GBPUSD please
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