Elliot Wave Trading

When will you be able to do a webinar I would like to be there i pm'd you?

We slid to 85% passing the 78% of 2 wave for EWT. 85% is not an EWT fib but a fib that cable likes.Let see where todays bar close. A close above 9450's is what we are looking for.

chart 78% is 9460.. so close the today would be great....

Hey fixme,
I know you were saying that the GBPJPY was going to shoot up, but what do you think now? Still a shoot up, or a further fall?

My trading plan fromyesterday remains the same.....

intra day ppl here comes your short

fixme1too, I thought you said your bias was long?

hey sarama
yes the bias is long.... I was addressing intraday traders.....
for possible retrace thats all I hop we dont retrace lol
I took the long at 9445 if we retraced thats where I was thinking we would end up....

Just curious as to what wave we are in with regards to the GBPUSD. any takers on thats.

thanks

what happen here?

Just as many highly advanced civilisations seem to mysteriously disappear virtually overnight, this advanced and successful culture of trading suddenly "disappeared" (from our view). What is the cause? Where did the members of this civilization go? Only a FF archaeologist who is trained to sift through the artifacts of the past can conjecture on the fate of this fascinating and rich culture of wave trading. Is there any who can help us solve this riddle?

Ladies and Gentlemen,

Fixme1too is alive and well, I just spoke with him the other day and often speak with him via IM, regularly. Fix is taking a break from the FF posting as it is time consuming, as many of you who do post know. In the meantime, he is working on a new system that will marry into his EW analysis. As many of you who have developed a system, or formulated a method(s) that work for you, this takes time. Between, family, occupation, system development, and FF posts, something has to take a back seat. In this case it is the Factory. I am sure he will drop in occassionally and check things out and post when time allows. The webinairs are also on a liason for the same reason.

Hope this helps solve the mystery.

Cheers,
NP

Hello everyone, all is well. As NP has stated I have been studying the behavior and price action of GBP/JPY with good results. Best days to trade this pair is Tuesday-Thursday with Sundays showing direction for early part of week and most times Tuesday or Wednesday showing reversal for the week if one should develope. Over the last two weeks the results on this pair have been unbelievable. The pair is not as crazy as everyone believe it to be, waves tend to complete quicker than other pairs leading to overtrading on this pair and causing most to loose on this pair out of fear.. If you are an Elliottition the best way to get count on the pair is via the weekly charts then go down in time from there.. So for now I have been exclusively trading this pair. Another vital aspect to this pair is using the quotes at the close for USD and the open for GBP.... During the past 2 weeks, premarket GBP/JPY has alot of premarket movement. Lets see what happens this week. If we gap on the open look to gap down to the 231.10- 230.80's area watch price action here and candles. If we bounce from here look for longs.

Gap to the upside premarket, will set us up for different scenario.. will update later..



Have a nice weekend

FiXmE1ToO

Hello everyone, all is well. As NP has stated I have been studying the behavior and price action of GBP/JPY with good results. Best days to trade this pair is Tuesday-Thursday with Sundays showing direction for early part of week and most times Tuesday or Wednesday showing reversal for the week if one should develope. Over the last two weeks the results on this pair have been unbelievable. The pair is not as crazy as everyone believe it to be, waves tend to complete quicker than other pairs leading to overtrading on this pair and causing most to loose on this pair out of fear.. If you are an Elliottition the best way to get count on the pair is via the weekly charts then go down in time from there.. So for now I have been exclusively trading this pair. Another vital aspect to this pair is using the quotes at the close for USD and the open for GBP.... During the past 2 weeks, premarket GBP/JPY has alot of premarket movement. Lets see what happens this week. If we gap on the open look to gap down to the 231.10- 230.80's area watch price action here and candles. If we bounce from here look for longs.

Gap to the upside premarket, will set us up for different scenario.. will update later..



Have a nice weekend

FiXmE1ToO

231.50 may also be an entry area....
so 231.50 to 230.80's for bounce to the long side....
30.80's is a stretch more likely 231.50 to 231.10 use your own system for validation to the long side. price action and candle stick formation should really help also maybe the HAS as well......

so far so good we are getting the gap to the down side premarket as expected. So when your tradestations open for trading if you dont have oanda gbpjpy will have gapped down... 231.50 is now gone the next stop 231.00's low to high 230's. b4 we have the chance of correction to fill the gap and possibly continue long.... We will be waiting for long validation b4 we enter...
We will update later

31.30 hit 50% fib. one more to go, 61% unless we extend to 78%. 61% is 31.16 and 78% would be 30.95

I have traded this gap two weeks in a row on G/J, E/J, and G/U, making nice pips, good advice to watch the candle formation showing when to enter.

Hope your making bank also.

Talk to you soon.

Ken

My closing price friday was 231.83, that would make it a 50 pip gap so far, usually G/J gaps bigger than E/J which gaps bigger than U/J and G/U. Would like to see G/J go for a 70 pip gap at least.

I'm always using this live price quotes provided by Tenfore during weekend since my broker is close. Hope it helps.

http://www.forex-markets.com/quotes.htm

PS Hope to see you continue the weekly webinar again next time, Fixme1too.