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Help Me Establish The GbpUsd After Dinner Club 40 replies

The Club!

Quoting Mad Russian
maybe retrace i have 1.3333-4 level in play right now , anybody has different ?
3325
Those who say it cannot be done should not interrupt those who are doing it
Quoting Mad Russian
how many waves we had down on this sell off any one??
This is wave 4 of wave 5 of move down from tuesday high.
I suspect we are now starting C wave of 4.
Max up should be 3325
After that, downside measured target for end of wave 5 should be 3280/90 area
Those who say it cannot be done should not interrupt those who are doing it
sOMETHING LIKE THAT POSSIBLE
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Just made the last trade of the day:

Trend is down, prices break the bearish trend line.

The trend is still down until prices test the recent low or an undershoot or an overshoot.

Prices forms a double top bear flag, yes a double top bear flag, not a bear flag: prices pull back, turn again in the direction of the trend and then pulls back again to test the previous pullback forming a dtbf.

I entry one pip below the bar with a SL 1 pip above it, risked 6 pips made 5
Attached Image
Wherever you go, there you are.
Quoting PipTrapper
{quote} This is wave 4 of wave 5 of move down from tuesday high. I suspect we are now starting C wave of 4. Max up should be 3325 After that, downside measured target for end of wave 5 should be 3280/90 area
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
Quoting Mad Russian
sOMETHING LIKE THAT POSSIBLE {image}
Yes but H/S neckline has to be retested first before drop to measured target
and I think we will get that retest in the form of an abc correction after wave 5 completion.
We shall see. could be an abc flat if the market is bearish enough... or maybe even a skewed falling abc
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
{quote} This is wave 4 of wave 5 of move down from tuesday high. I suspect we are now starting C wave of 4. Max up should be 3325 After that, downside measured target for end of wave 5 should be 3280/90 area
Quoting Mad Russian
sOMETHING LIKE THAT POSSIBLE {image}
Thanks for the warning, I will watch carefuly that level..
Quoting PipTrapper
{quote} Yes but H/S neckline has to be retested first before drop to measured target and I think we will get that retest in the form of an abc correction after wave 5 completion. We shall see. could be an abc flat if the market is bearish enough... or maybe even a skewed falling abc

Happy to have EW club on board , for advice, i still cant wrap my head around it , all those different corrections confusing me
Quoting Mad Russian
{quote} Happy to have EW club on board , for advice, i still cant wrap my head around it , all those different corrections confusing me
Why do you guys think they work?
Wherever you go, there you are.
Quoting PipTrapper
{quote} This is wave 4 of wave 5 of move down from tuesday high. I suspect we are now starting C wave of 4. Max up should be 3325 After that, downside measured target for end of wave 5 should be 3280/90 area
¿does this apply well for you? I mean, Elliot in small frames like 1 hour. I would like to learn about it but I doubt it, as I see that the system is quite complex, so I'm afraid to make the things more difficult than they are.
Quoting milam
{quote} Why do you guys think they work?
i think mass psychology
Quoting milam
{quote} Why do you guys think they work?
Elliott concluded that the markets moved in a repetitive pattern of waves. He attributed this action to the mass psychology of the marke
Quoting Ambar
{quote} ¿does this apply well for you? I mean, Elliot in small frames like 1 hour. I would like to learn about it but I doubt it, as I see that the system is quite complex, so I'm afraid to make the things more difficult than they are.
There is no need to use EW to trade small TF, but I use it for added confirmation.
EW is not a science and will never tell you where price will go to the pip.
a 5 wave impulse is easy to read. It is the corrections that become very complex. I am not very good at them but I keep practicing.
Those who say it cannot be done should not interrupt those who are doing it
Quoting Mad Russian
{quote} i think mass psychology
Interesting.

This was from Schick today, he makes me laugh. His comment.

http://www.forexfactory.com/showthre...34#post6910534
Wherever you go, there you are.
Quoting milam
{quote} Why do you guys think they work?
I don't "think" they work. I know they do
...and I know because I have been measuring with them for long enough to know and I see the results.
It is not as easy as you believe at first, but with practice, you are able to identify them better.
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
{quote} I don't "think" they work. I know they do ...and I know because I have been measuring with them for long enough to know and I see the results. It is not as easy as you believe at first, but with practice, you are able to identify them better.
I see, today I was reading about wolfe waves, they also represent mass Psychology, also interesting.
Wherever you go, there you are.
Quoting milam
{quote} I see, today I was reading about wolfe waves, they also represent mass Psychology, also interesting.
I have not studied them as of yet. Do you have a link?
Those who say it cannot be done should not interrupt those who are doing it
i think Gann Elliot , fib, and candlesticks can make you a good technician in charts , and trader , if you can wrap that in your head
Quoting PipTrapper
{quote} I don't "think" they work. I know they do ...and I know because I have been measuring with them for long enough to know and I see the results. It is not as easy as you believe at first, but with practice, you are able to identify them better.
¿have you got any link to learn about it?? ¿should I start learning the big frames or can I start with 1h and 15 m??? ¿do you bother if I ask you a lot?
Quoting Mad Russian
{quote} Elliott concluded that the markets moved in a repetitive pattern of waves. He attributed this action to the mass psychology of the marke
Correct. I believe another name for the mass psychology is "Lemmings"
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