Novice Elliott Trader

Hello everyone,
I am a novice trader in the forex market. For several months I studied Elliott wave theories and trying to apply it in different pairs. So, I am starting a thread where I will give Elliott wave charts on Euro/US$ and Gbp/US$. I will be grateful if anyone comment on my chart and give there chart against my chart. This thread is for learning purpose for them (like me) who are in the primary level on Elliott Wave Analysis.
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Thanks

fxanalyzer

There are other threads for those two currencies on elliot wave. You may still want to do this one but you can check the other ones out and see if yours would fit it with other threads. Just a tip not trying to talk you into one way or the other.

Here are some charts that I am thinking about the possible direction of Euor/US$ in the long run.

thanks all

fxanalyzer

Here is another one

Chart-4

Chart-5

Do you have any H4 chart? Thanks.

Euro/Usd ................LongTerm- Probabilty

/////////////////////////////////////////////////////////////
Pg-1

Euro/Usd ................LongTerm- Probabilty

/////////////////////////////////////////////////////////////
Pg-2

Thanks Marketwavez.
In your chart Wave B is too small and little time consuming in relative to Wave A. Can you explain it plz.


Thanks again

fxanalyzer

Here is another view of the Euro.............Longer Term

( This is a Bullish senario)

The greatest Lession in Learning Elliott Waves
is that there is no Right or Wrong Wavecount

There is only Probability

All wavecounts are to be appreciated !

There is always more than one wavecont
always more than one point of view!......... Why ?
because we all don't see the world the same way !

----------------------------------------------------------------------------

It's all about Probabilty -


Trading is about manging Risk and Protecting Your Assets
Trading is not about who has the Right Wave count !

After finding a wave count you like ,
it's up to you to apply Sound Money Mangement Principles
to each trade that you decide to take...............................

I think Gbp is making a Diagonal Triangle.

I think wave 2 of larger wave 3 of larger wave C is making a running flat.

This may be the future senireo of gbp.

Hi,
You're doing a wonderful work by displaying the chart .Please continue to
present your charts . A good lesson to be learn from you . Thanks

As long as this support holds I am in long position if it breaks I will wait for further conformation to go long.
thanks

fxanalyzer

I second that long - so far it's been ranging in the channel :

If the support zone breaks than the fifth wave may extended and can go somewhere 1.2870 area.

This may be the end of c wave of wave b of larger c of larger wave 2.