Pipstert's Trading journal

Just my own take on it, but it looks like it has turned to down after 10:40 top.

Hi all,this tread is for Elliott wave counting.

Here's my UsdJpy chart.

Here's a 1min chart.

thanks for the update. the a-b-c you are showing, is that the end of wave C of 4? and the wave 1 is 1 of 5? That is inline with my counts. Still looking for 5 to end around 101.50-101.65 range.

I don't know about u,but I can count 3 waves in the A,3 in B,and 5 in C.It's 1 min remember.

chart.

Here's my 5min chart.

These days,Elliott Wave is probably the most least common stratagy mentioned by professionals.Most traders rely on tested indicators or their own system.But why use all this when you can know what direction and where(what price)the stock or currency is headed.

Just like the title,Elliott Wave consists of waves.The wave is named by numbers 1,2,3,4,5,and A,B,C.

Starting off,it has a 1 wave up or down.Then a 2 that should 38% to 61% of wave 1.The third wave will go in the direction of the first wave(wave 3 is the longest wave).Next is a sideways 4,then we have a fifth wave which is in the direction of the first and third waves.Then we have an A,in the opposite direction of the 5.Then a B,then a C in the direction of the A to finish the wave,and the count.

There are other types of waves as well,like trangular waves,ranging waves,Bull market waves.Even waves in the basic waves,and waves in that!

But there are some rules to prove that the count is correct,and that it is the wave you think it is.For example,in the wave,wave 4 cannot go up,or down and hit or go above or under wave 1.Also,wave 3,in most cases,is extended.

To find out where the wave is going,even what price it will hit,is my favorite tool,the Fibonacci.For example,say count a 1,2,and do not know where the 3 is going to go.Throw a fib from the top of the one,to the bottom of the 2 wave,and put a 61%,50%,38%,and a 138% on the fib.the third wave should go to the 138%.But what if you wanted to know where the 4 is headed?draw a fib from the top of the 3,to the bottom of the 3,it should hit 61% to 38%.

To answer my question,Elliott Wave is the sculpture of the market,in currencies and stocks.So,stop guessing where it's going to go.

Here's my UsdJpy chart.

Here's my us yen 15 min.

Hi all,this thread is for Elliott Wave.Please post your charts here,that's why I started this thread.

Hi all,here's my UsdJpy chart.

eur jpy

Here's my eurchf chart.

Hi Ive always been interested in learning wave . Could you please tell me , how do you know when the wave has ended and where and why do you place the numbers or letter on the waves . Is there a easy way ? Is there a reliable indicator . Lastly thank you for this thread and please continue .

Do you have a tpl you could post so I may follow along with you please

Here's an article I wrote about Elliott Wave.

These days,Elliott Wave is probably the most least common stratagy mentioned by professionals.Most traders rely on tested indicators or their own system.But why use all this when you can know what direction and where(what price)the stock or currency is headed.

Just like the title,Elliott Wave consists of waves.The wave is named by numbers 1,2,3,4,5,and A,B,C.

Starting off,it has a 1 wave up or down.Then a 2 that should 38% to 61% of wave 1.The third wave will go in the direction of the first wave(wave 3 is the longest wave).Next is a sideways 4,then we have a fifth wave which is in the direction of the first and third waves.Then we have an A,in the opposite direction of the 5.Then a B,then a C in the direction of the A to finish the wave,and the count.

There are other types of waves as well,like trangular waves,ranging waves,Bull market waves.Even waves in the basic waves,and waves in that!

But there are some rules to prove that the count is correct,and that it is the wave you think it is.For example,in the wave,wave 4 cannot go up,or down and hit or go above or under wave 1.Also,wave 3,in most cases,is extended.

To find out where the wave is going,even what price it will hit,is my favorite tool,the Fibonacci.For example,say count a 1,2,and do not know where the 3 is going to go.Throw a fib from the top of the one,to the bottom of the 2 wave,and put a 61%,50%,38%,and a 138% on the fib.the third wave should go to the 138%.But what if you wanted to know where the 4 is headed?draw a fib from the top of the 3,to the bottom of the 3,it should hit 61% to 38%.

To answer my question,Elliott Wave is the sculpture of the market,in currencies and stocks.So,stop guessing where it's going to go.



Rules:Wave 4 CANNOT go under wave 1,wave 2 is supposed to be 50% of wave 1.

Now,if you see different colors of letters,it's simply different timeframes.white=15min,purple=1hr,blue=4hr,green =daily,and red is 5 and 1 min chart,and waves in waves.

To answer your quest,I know the wave is done is because if the currency hits the target(in the article).

Here's an example of a target.