Thread: Elliot Wave Analysis

eurusd

expecting a pause here. Coz that is the 38.2 of the 5th wave. This stop can be a 61.8 of the major wave. May continue down to 61.8

momentum is powerful....

usdcad. Very short term

Good upmove on usdcad and a downmove on oil.

Usdcad fe100 is 1.2821 in which you ought to take some profit and let the balance run. Average daily range high for this particular pair is 1.2836.

usd index also might pause for some time and comedown to an a-b-c else that it might continue to FE 100.

Hey StringFx, good Job here. I have applied Elliot Wave in certain way and I love the principle. I will like you to employ your count on GU a single HOUR chart. I will love to See if my Profit Position is good out of your count. Thanks

Originally Posted by ;

Hey StringFx, great Job here. I have implemented Elliot Wave in certain way and I really like the principle. I will want you to apply your count on GU one HOUR chart. I will like to find out if my Profit Position is great out of your count. Thanks image

You are utilizing fib retracement tool. This instrument is usually utilised to find targets. You ought to be using fib expansion instrument. This is my chart.

on a shorter time period this is my chart...

Wow I did precisely the same and added another sell on 61.8, Stringfx which goal would be the most powerful one you think? 100?



And I've another question, what is the use of Fib enthusiast? I was told by someone for finding pull back lines on trend that is fast, is that right?

If this is it the appropriate way of drawing?

Originally Posted by ;

Wow I did precisely the exact same and added yet another market on 61.8, Stringfx which target is the safest one you think? 100? picture And I've another question, what is the use of Fib fan? Someone told me for discovering pull back lines on quickly trend, is that correct? If so is it the way of drawing? picture

yes safe target is Fe 100.

I am sorry about the fib fan. I am not sure how to use it and do not use it. Never felt the need as I use pull backs to be calculated by fib retracement tool.

R u a full time trader? I find you in FF.

There will be a pull back in GU . One reason is that typical daily range for the day is over. Anticipating it might go to 1.4024

Originally Posted by ;

there will be a pull back in GU . 1 reason is that typical daily range for your day is over. Anticipating it could visit 1.4024

@stringfx

what would you consider this count?

NZDUSD H4