Short-Term.....Swing Trade (Set-Ups)

[golhuntsleep]

Originally Posted by marketwavez

Ok Golhuntsllep Just looked at your longerterm Gbp/Usd chart

I think it's in tune - with what's happenning ..........
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If it's working for you .... Then work it Babe !

Plan your trade ...... Trade your plan

I asked for people trading Elliott Waves to respond........Good idea...trade a small 4th wave pullback instead of a C wave on the GBP.......carry on.......

[shayb]

Hi All

does triangle could be a structure of wave 2?

Thanks
Shay

[byran]

gol

Here's my subjective count plus some wishful thinking
Basically the big big 3 4 (pink) are the same just the subwave counts of the final big leg 5 is different.

The ratio of W5 / W4 at this moment is 1.44 .. not a well known fib# to me but if like in your count when the final W5 goes up to 2.1 area W5/W4 would be around 1.6 so I guess we'll have to see how far this current wave c dips down.

[golhuntsleep]

A Triangle CAN appear in a wave 2...if it happens then we'd look for a simple wave 4


Bryan don't get caught in the up down counting of waves.....some of those labled waves you have are waves of lesser degree......that is how MW would count this......although at this point we would agree in direction eventually counting waves as ups downs will only make you start using words like subjective not cast in stone etc etc........

[byran]

i want to see other people's count too anyone would like to provide theirs?

btw gol can you post a chart about that u/j g/j doing a wave c up as you mentioned few days ago? thanks!

[golhuntsleep]

USD/YEN EUR/YEN

[MAXO]

Originally Posted by golhuntsleep

Hey Wavez...see if you can figure this out......for those here that count waves take a look give me you're feedback.......I've been trading this for a while with excellent results........When we use all 3 of those 5's at the top.......LOOK OUT BELOW!!!!!!!

golhuntsleep congratulation for this long-term analysis. This is very raliable analysis.

My advise for all of you guys who use elliott waves is to trade on smaller time-frames. The short-term trading gives to you a possibility for better money management - smaller stops often profit taking.

Have a profitable trading!

[MAXO]

Originally Posted by O

Ok the cable is clear for all of us . That is EW chart for the EUR :

Attachment 27770

Long EURUSD form 1.3860 stop at 1.3845 - lets see whether this is the 5th wave