Elliott wave outlook

Quoting Dick Tracy

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Well, not really. This pound down move is corrective, and when I was talking about the reversal, I'm expecting a new top for pound (and euro too), near 1.64, so something like shown below.

There's also divergence building up on CCI, if you wish to use other indications for reversal.

Attachment 1062464

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Quoting Raza

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lol.

Homework was done long time ago..

It was all in my head just put them on the chart today.

I do care for Elliott Wave but some times , waves are so deceiving that its hard to make sense out of it.

At that point what makes sense is the Price....

"It is true that Price is Everything"!

I am pretty good with price what I am working on is "Time", which is more

important than Price.

The day I figure that out, it will be my greatest accomplishment.

PS: this could be the last impulse wave down of your Equity Curve.......

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Quoting Dick Tracy

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Well, not really. This pound down move is corrective, and when I was talking about the reversal, I'm expecting a new top for pound (and euro too), near 1.64, so something like shown below.

There's also divergence building up on CCI, if you wish to use other indications for reversal.

Attachment 1062464

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Quoting Luis Carlos

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Let me use your chart I mean this bear as a FLAT

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Quoting DaddyBear

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Why is the wave 3 the shortest one?

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Quoting Luis Carlos

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Hey Raza, did you see the charts I posted about pound. Do you have some way to knwo when 5 waves are impulse or corrective.. I dont remember the book calls those waves like actionary corrective or something...

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Quoting Luis Carlos

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KIWII!!

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Quoting Luis Carlos

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Hi G, I think dont know, better watch Asia first. But I want to know if somebody who uses EW knows how to differentiate 3 waves of 5 waves impulses...

First chart bull, second one bear

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Quoting Raza

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As waves can be very deceiving at times.

I take what I can, when it makes sense, kinda " Hit and Run"

Who cares where its gonna go. Market is dancing in our face all day all night long. Take what you can, you would be way better off than catching the trend from the bottom or top and collect 1000 pips.

If it is the top or bottom , would you risk a lot considering you are right. What if you are wrong you can have a significant loss from even a small move more than your price level.From every anticipated price level size your position...

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Quoting infinitus

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So true, can not say better.

Trying to get the home run may work from time to time, but I am certain, that most of the time you end up with losses measured in equity and time.

Take the steady way, day by day......


That gets more and more VERY important when your account grows.

There is nothing more devasting you can do than to go for the home run with a huge account........

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Quoting gnomoneey

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sorry im at work no charts to help....but i think its either going higher and if it go lower

what do you think Luis

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Quoting Raza

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Sorry Luis,
I fell a long sleep. I have not counted the waves yet like you did on GU but here is what I have.

1.6081 PRICE had a decisive break so we know that level is resistence now.No bull unless above that level.

There is also a Diamond top.

I was also looking for 1.64 and 1.66 , but did not happen.

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Quoting kotlt

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This is how you count wrong wave A : wave d broke base channel ( the line from the beginning of your A to the end of wave b )

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Quoting gnomoneey

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1.6070 max retrace then down
-retrace as stoch are oversold

weekly is starting a nice dt which might get 1.58-1.59 next week
with max 1.557 in few weeks

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Quoting neltonbenke

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is it possible? I am new to Wave......Eur / Usd H4

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