Hey, Master Den, you are doing an amazing job. Could you also show some recognized Renko chart since you mentioned it from your post but you didn't post any pic with it. it will be great helpful cause i'm a Renko chart trader. I didn't pay too much attention on wave theory before, and really curious about how apply wave theory to Renko chart. is there anything should be careful when apply the theory to Renko chart? Regards.
Forecast on USD / JPY.
I see that now, after a long period of growth is possible rollback.
This is confirmed by the fact that now formed three waves on the chart D1 and is now most likely we will see a wave 4 (down to the level of 161.8 Fib) and then followed by the formation of a wave 5, and further growth.
At the same time, the imminent decline is confirmed by the fact that in the H4 can be seen that all 5 waves are completed and now will be a correction.
In contrast to this, I want to warn that at older Fibo, price is at 50. Therefore high likelihood that will not be a big move in the near future. Perhaps the appearance of correctional waves near the Fibo level 50. And if you rely on a long order, it will fall into the trap of horizontal movement.
I see that now, after a long period of growth is possible rollback.
This is confirmed by the fact that now formed three waves on the chart D1 and is now most likely we will see a wave 4 (down to the level of 161.8 Fib) and then followed by the formation of a wave 5, and further growth.
At the same time, the imminent decline is confirmed by the fact that in the H4 can be seen that all 5 waves are completed and now will be a correction.
In contrast to this, I want to warn that at older Fibo, price is at 50. Therefore high likelihood that will not be a big move in the near future. Perhaps the appearance of correctional waves near the Fibo level 50. And if you rely on a long order, it will fall into the trap of horizontal movement.
Hi Den, Firstly I just wanna saw awesome stuff. Your trade percentages and pips win/loss numbers are very admirable. I would like to learn more about Elliot Wave Trading and hopefully learn how to trade like yourself. Would you be able to give me some guidance as to some books/reading material that I can use to get up to speed? I saw in your profile that your favorite book is Elliott Wave Principle: Key to Market Behavior, by A. J. Frost, Robert R. Prechte. When I did some research on it, it may be a lot to take in for a beginner. I looked for other...
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2. https://www.amazon.com/Mastering-Ell.../dp/0930233441
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5. Glenn Neely - Mastering Elliott Waves (this file too big for uploading)
Hey, Master Den, you are doing an amazing job. Could you also show some recognized Renko chart since you mentioned it from your post but you didn't post any pic with it. it will be great helpful cause i'm a Renko chart trader. I didn't pay too much attention on wave theory before, and really curious about how apply wave theory to Renko chart. is there anything should be careful when apply the theory to Renko chart? Regards.
I once had used this type of chart to eliminate the noises. On Renko may be more accurately determine the type of correction as more clearly visible a levels, including Fibonacci. So sometimes, when using Renko, it is easier to determine the wave motion.
I'm sure that you know more about Renko. But I could sometimes make a prediction using Renko.
That's my prediction E/U, I think that would be the formation of the correction and then continue to decline. The correction will be within levels 61.8 and 50. But it may be a breakthrough level of 50 fib. Then the horizontal movement continues, which can be seen on the more distant chart
{quote} pepperstone is a great broker, since im not soliciting anybody here to join a Pamm i dont have to show you any trading track record, i didnt say i was a good trader i didnt say i was bad neither.
from everything I've read here it seems that you are really loser. Doesn't earn anything yourself but came to this thread to teach how and where to trade? haha
Here writes a respected trader who helps people make money.
And what are U doing? Something like do a lot of posts to appear respectable?
Or do pepperstone advertising. IB or something .. How much you paid for your dirt to the others? A lot probably
Hey, Denis. I wish you be patient. Many of jealous losers surround us.
Thanks for your time btw and analysis. It gave me a couple thousand bucks
{quote} Oh man! Are you out of your mind? I subscribed to this thread to get some information, follow to experienced trader and become more succesfull. But what i see today. You. And i am disappointed. I do not want to see your spam here. This is thread for education. You need a help. You have nothing to do?
No, of course nothing to do. He wants 743 posts... 744 posts of successful people hate... {quote} hahaha... Sounds like a lot of blah blah blah. from everything I've read here it seems that you are really loser. Doesn't earn anything yourself but came to this thread to teach how and where to trade? haha
Funny post. You make my mood.
I think that his posts its just a sublimation. ( link:Sigmund Freud) Lol.