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Elliott Wave Trading

  • #8,561
  • Jun 6, 2017 6:40am Jun 6, 2017 6:40am
Went well, closing trade.
Quoting Mzwandile93
USDJPY {image}
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Lord Forex
  • #8,562
  • Jun 6, 2017 7:49am Jun 6, 2017 7:49am
XAUUSD
Setting the bait on Gold - shorts on 5th wave v of expanding diagonal c yellow towards 1180.00
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Elliott Wave for optimum entry, exit and risk management of trades
  • #8,563
  • Jun 6, 2017 9:16am Jun 6, 2017 9:16am
Careful Buddy, there's a breakout
Quoting skyhok
XAUUSD Setting the bait on Gold - shorts on 5th wave v of expanding diagonal c yellow towards 1180.00 {image}
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Lord Forex
  • #8,564
  • Jun 6, 2017 9:25am Jun 6, 2017 9:25am
Quoting Mzwandile93
GBPUSD {image}

good morning Mzwandile93..was wondering if you still see gbp hitting your 3 point on your chart or has that ship sailed...the price action in the last 24 hours seems to be heading in the south direction..any inut would be much welcomed.
  • #8,565
  • Jun 6, 2017 9:41am Jun 6, 2017 9:41am
This resistance will confirm.So yes I still believe it might make another high for wave 3.
Quoting petehnm
{quote} good morning Mzwandile93..was wondering if you still see gbp hitting your 3 point on your chart or has that ship sailed...the price action in the last 24 hours seems to be heading in the south direction..any inut would be much welcomed.
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Lord Forex
  • #8,566
  • Jun 6, 2017 11:03am Jun 6, 2017 11:03am
Quoting Mzwandile93
This resistance will confirm.So yes I still believe it might make another high for wave 3.{quote} {image}
agree with you Mzwandile93, still has to test that high which will make false break.

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I Can be What I Will to be
  • #8,567
  • Jun 6, 2017 11:46am Jun 6, 2017 11:46am
AUD/NZD weekly chart -- at trendline support. Odds at the moment favour a new low beneath 1.02x to complete a WXYXZ pattern. However for the time being I'm working on the lower time frames for a bounce from the trendline.
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  • #8,568
  • Jun 7, 2017 12:53am Jun 7, 2017 12:53am
Following this week's 5 up in AUD/NZD, the 3 wave correction has worked well in leading to another move up. Still open towards 1.06 this week, but need to determine if a major low or odds still in favour of a 1.02x breach.
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  • #8,569
  • Jun 7, 2017 4:25am Jun 7, 2017 4:25am
EURAUD Moved SL now letting it run.
Quoting Mzwandile93
EURAUD {image}
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Lord Forex
  • #8,570
  • Jun 7, 2017 5:23am Jun 7, 2017 5:23am
AUDUSD, We've broken through the high as I told you to let it run now close to hitting the TP
Quoting Mzwandile93
Monday you can move your SL to split even and just let it run. {quote} {image}
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Lord Forex
  • #8,571
  • Jun 7, 2017 5:33am Jun 7, 2017 5:33am
On USDJPY, After hitting TP I bought the Gartley, Good Luck.
Quoting Mzwandile93
Went well, closing trade.{quote} {image}
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Lord Forex
  • #8,572
  • Jun 7, 2017 6:39am Jun 7, 2017 6:39am
Going well, Will move my SL soon, breakout.
Quoting Mzwandile93
EURGBP {image}
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Lord Forex
  • #8,573
  • Edited 12:52am Jun 8, 2017 12:42am | Edited 12:52am
Close long/buy trade,Now look to short/sell, just notice this Gartley
Quoting Mzwandile93
AUDUSD, We've broken through the high as I told you to let it run now close to hitting the TP {quote} {image}
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Lord Forex
  • #8,574
  • Jun 8, 2017 4:02am Jun 8, 2017 4:02am
This week so far . And two position closed already that had profit AUDUSD AND USDJPY. These ones are still running now
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Lord Forex
  • #8,575
  • Jun 8, 2017 6:10am Jun 8, 2017 6:10am
just an idea

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I Can be What I Will to be
  • #8,576
  • Jun 8, 2017 9:08am Jun 8, 2017 9:08am
2nd trade this week on USDJPY, We have lift off you can protect your profits
Quoting Mzwandile93
On USDJPY, After hitting TP I bought the Gartley, Good Luck.{quote} {image}
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Lord Forex
  • #8,577
  • Jun 8, 2017 3:57pm Jun 8, 2017 3:57pm
AUDUSD is an upside down version of this
Quoting Mzwandile93
Close long/buy trade,Now look to short/sell, just notice this Gartley {quote} {image} {image}
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Lord Forex
  • #8,578
  • Jun 9, 2017 8:33am Jun 9, 2017 8:33am
USD/CAD -- recent price action is sideways and in 3s, suggesting a triangle for wave 4 of the decline. Weekly bearish divergence on this pair is bearish, still looking for a 5 down print.
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  • #8,579
  • Jun 9, 2017 8:35am Jun 9, 2017 8:35am
USD/JPY -- price corrected the last advance in 3 waves (first chart). A break above trendline resistance from 11 May will be a buy. Second chart shows the weekly candle closing as a bullish hammer. A move above 118 is still on.
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  • #8,580
  • Jun 13, 2017 3:41am Jun 13, 2017 3:41am
USD/CAD --

(first chart) -- the view on the daily chart is that the high for wave 2 is in

(second chart) -- the 4h chart is open to this being in either wave (v) of the first leg down (as printed on chart), or already in wave i of 3 of 3. Either way I'm favouring a bounce back towards 1.34x in the coming days (for either wave 2 of this segment, or ii of 3 of 3).

(third chart) -- weekly, looking for a move towards 1.24x as a first target over the coming months. Large traders are still heavily short CAD (itself), so removal of those positions will see USD/CAD continue to fall. COT report has an extreme large-trader short position on CAD itself.
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