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High Probabilty Trading

  • #601
  • May 6, 2012 1:00pm May 6, 2012 1:00pm
Quoting Fx2ProTrader
Em......so do you think that it will obey like 5-3-5 or 3-3-5 wave formation?
Because you mentioned smaller time frame contributes full wave to 4H impulse wave. I doubt that if the theory could use in practical.

Well it can be used like this: If its impulse wave it should subdevide it to 5 waves - so just if You see thats its looking rather like correction so its giving us more signal that its more probable that it is correction wave not impulse.

Not everytime You can see smaller time frames Ellito Waves count but most time really it can be seen:
  • #602
  • May 6, 2012 1:19pm May 6, 2012 1:19pm
Quoting Akhh
Well it can be used like this: If its impulse wave it should subdevide it to 5 waves - so just if You see thats its looking rather like correction so its giving us more signal that its more probable that it is correction wave not impulse.

Not everytime You can see smaller time frames Ellito Waves count but most time really it can be seen:

Looking rather like correction? How do you definite correction and impulse pattern?
  • #603
  • May 6, 2012 1:51pm May 6, 2012 1:51pm
Quoting Fx2ProTrader
Looking rather like correction? How do you definite correction and impulse pattern?

Corrections dont breake highs of impulse waves.

So wave 4 shouldnt go down further than wave 1 high. Anyway this is longer story but this is simplest.
  • #604
  • May 7, 2012 12:58am May 7, 2012 12:58am
Position on EUR/JPY closed on +340pips.
That was good trade.
  • #605
  • May 7, 2012 1:18am May 7, 2012 1:18am
Quoting Akhh
Position on EUR/JPY closed on +340pips.
That was good trade.
Nice trade! The best one since a long time.

I didn't trade anything lately.
  • #606
  • May 7, 2012 1:22am May 7, 2012 1:22am
Quoting lithium1
Nice trade! The best one since a long time.

I didn't trade anything lately.

Lets wait for some longs on GBP/JPY. Or even on EUR/JPY but seems markets dont like France new President. Poor France...
  • #607
  • May 7, 2012 1:39am May 7, 2012 1:39am
GBP/JPY swing trade:


http://3.bp.blogspot.com/-kaKf6t4ETE...0/gbpjpy1h.gif

  • #608
  • May 7, 2012 1:56am May 7, 2012 1:56am
Quoting Akhh
Lets wait for some longs on GBP/JPY. Or even on EUR/JPY but seems markets dont like France new President. Poor France...
People wants change! Out prime minister also worry now, he is delaying our national election....
  • #609
  • May 7, 2012 3:14am May 7, 2012 3:14am
Quoting Akhh
Corrections dont breake highs of impulse waves.

So wave 4 shouldnt go down further than wave 1 high. Anyway this is longer story but this is simplest.

Ok. I understand the theory anyway. Wave 4 should not break over wave 1. Wave 2 should retrace about 38.2% or 61.8% then bound back.

Could you post some screenshot for where your entry/stop/target? And certainly with the wave count as well.
  • #610
  • May 7, 2012 3:34am May 7, 2012 3:34am
Quoting Fx2ProTrader
Ok. I understand the theory anyway. Wave 4 should not break over wave 1. Wave 2 should retrace about 38.2% or 61.8% then bound back.

Could you post some screenshot for where your entry/stop/target? And certainly with the wave count as well.

Just read my blog everything is there
  • #611
  • May 7, 2012 3:51am May 7, 2012 3:51am
Quoting Akhh
Just read my blog everything is there
OK. Will come back soon.
  • #612
  • May 8, 2012 12:55am May 8, 2012 12:55am
GBP/USD long setup:


On H4 price reach 38,2 of wave 3 - and DT gave buy signal.


Seems it is now in wave 5 and it should go at least to high of wave 3 around 1,63000


Now im looking for entry.

http://3.bp.blogspot.com/-DiHC7uTVFE...0/gbpusd4h.gif


http://4.bp.blogspot.com/-8Vzg7qix5N...0/gbpusd1h.gif

  • #613
  • May 8, 2012 3:05am May 8, 2012 3:05am
GBP/USD buy stop:


http://3.bp.blogspot.com/-XsiuyO_7wQ.../gbpusd15m.gif

  • #614
  • May 8, 2012 3:49am May 8, 2012 3:49am
Maybe i will move buy stop lower after 15m DT will give another buy signal:

http://1.bp.blogspot.com/-iZE0PiiXVU.../gbpusd15m.gif

  • #615
  • May 8, 2012 5:30am May 8, 2012 5:30am
GBP/USD buy stop opened:


http://3.bp.blogspot.com/-ims2VbdoU8.../gbpusd15m.gif

  • #616
  • May 9, 2012 2:57am May 9, 2012 2:57am
EUR/USD


Buy stop on EUR/USD. It seems its time for C wave up.


http://3.bp.blogspot.com/-tU24GnrcGD.../eurusd15m.gif


http://3.bp.blogspot.com/-PK-KVU8QJ7...0/eurusd4h.gif

  • #617
  • May 9, 2012 4:50am May 9, 2012 4:50am
GBP positions are closed on SL.
  • #618
  • May 14, 2012 3:07am May 14, 2012 3:07am
GBP/USD

Im putting buy stop - price reach typical wave 4 target - 50% of wave 3.

Daily DT gave buy signal - it can be begin of wave 5 - that should breake max of wave 3.

http://3.bp.blogspot.com/-UKzXR9Dk0Y...0/gbpusd4h.gif


Minimum target is 50% of wave 4. After price reach it I will defend short term position close to price.
  • #619
  • May 14, 2012 8:32am May 14, 2012 8:32am
Quoting Akhh
GBP/USD

Im putting buy stop - price reach typical wave 4 target - 50% of wave 3.

Daily DT gave buy signal - it can be begin of wave 5 - that should breake ......

How long have you been traded using this 50% as target? Is this the high probability level?
  • #620
  • May 14, 2012 8:45am May 14, 2012 8:45am
Quoting Fx2ProTrader
How long have you been traded using this 50% as target? Is this the high probability level?

Yes price often go at least to 50% of last wave. Just wave 4 is different - because wave 3 is longest most probable level is 38,2.

Its just target for short term position to get some gain and let other position work longer without fear of loosing.
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