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- Dec 16, 2016 3:40am Dec 16, 2016 3:40am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
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DislikedGood Day Everyone, My attempt for NZD/CAD H4, Thinking Wave (b) completed with double zigzag. Now Wave (c) down. Thanks {image}Ignored
Disliked{quote} Hello I am new to Elliot wave trading, my labels are at the end of the move. I am reading two versions of NZDCAD. On this version A and B have occurred and it is onto the C phase of the correction like your image{image} But here I am only seeing either the a phase of the end of the a phase which would lead to an upward b phase although it would be short. {image} Thoughts on trading it? CAD has been strong lately since that recent decision to cut oil production to increase oil prices which is correlated to CAD.Ignored
DislikedHi Shyean, I like the AUDCHF trade I went long today with a very tight stoploss, it looks like at around metatrader time, a bttom was forming for a lower high, so it's promising, I feel the risk to reward is good, additionally, the chf looks like its about to weaken on the lower time frames. If it fails I won't be mad. EURJPY is way too obscure. I feel like your move 3 is actually 3,4,5 with that dip. -not-a-pro -HMSRIgnored
Dislikedsince blue trendline above is not touch or broken, so this is the count for EURUSD (... please remember this is raw count; no class!! ) EURUSD assumes now on an X wave {image} target is 61.8% of (0.53726-1.60301) = 0.94352 or meanwhile on C (blue) projection , it tries to call at 0.97090 or to lower channel ---Ignored