Hi Guys,
I hope everyone had a great week of trading.
I'm not sure I'm able to post images as of yet as I just joined.
Is there anyone here familiar with Elliot Wave Analysis... I'm not the best at E.W, however I'm looking at the Monthly Chart and it appears the Pin bar that formed earlier today seems to have created a wave 5, extended wave 3 @ 156.78, however wave 5 seems to be a little extended?
We're current at 50% fibo from 251.212's high, I can't see it in my mind that we'll reach 199.660 or there about's (61.8% fibo)
I use a lot of Pin Bar retracements for my trading, so 167.94 (pin bar low) for the long term seems more possible than 199.66 target... Then a retest back to the weekly's 184.27 pin high.
What's your take on it?
FXCyborg ~ Chris.
P.S
Does anyone know of an indicator and or script that will create a buy or sell stop order where you place your Horizontal Trend Line (I've seen some that asks you to enter the words sellstop or buystop so the indicator knows what to do - however it's not exactly what I'm looking for)... I'm looking for one where I can set an expiry time on the order so it gets deleted/ignored automatically.
Thank you.
I hope everyone had a great week of trading.
I'm not sure I'm able to post images as of yet as I just joined.
Is there anyone here familiar with Elliot Wave Analysis... I'm not the best at E.W, however I'm looking at the Monthly Chart and it appears the Pin bar that formed earlier today seems to have created a wave 5, extended wave 3 @ 156.78, however wave 5 seems to be a little extended?
We're current at 50% fibo from 251.212's high, I can't see it in my mind that we'll reach 199.660 or there about's (61.8% fibo)
I use a lot of Pin Bar retracements for my trading, so 167.94 (pin bar low) for the long term seems more possible than 199.66 target... Then a retest back to the weekly's 184.27 pin high.
What's your take on it?
FXCyborg ~ Chris.
P.S
Does anyone know of an indicator and or script that will create a buy or sell stop order where you place your Horizontal Trend Line (I've seen some that asks you to enter the words sellstop or buystop so the indicator knows what to do - however it's not exactly what I'm looking for)... I'm looking for one where I can set an expiry time on the order so it gets deleted/ignored automatically.
Thank you.
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