I wish it were, as it is it's just guesswork GJ is one of the hardest to read pairs, ever. Only setups at extremes have decent r/r and you caught one, make sure you don't let it die on you for a loss =) Wondering whether cable is faking out for ...

james16 Chart Thread

Completed a full 12345 wave count and fit all proportions. No idea what subwave of which larger wave it was/is, but it finished at the low accoding to my theory. Attaching chart.

The Basics of Elliott Wave Theory

Hiya Mike. You're totally right. After looking at my charts intensely I figure there's an ok chance we MIGHT see a wave 5 up after that low + 4h pin + now daily pin we put in. That would mean all the way up to the top + 27.2% to that. But first ...

james16 Chart Thread

And already booked +45 from this entry with stop at break even for the second half, aiming at 1.2534-55 first, then if there's no big reversal there 1.2586 + 1.2615 are valid FE targets. 4h picture and lovely trade even though EURUSD had to spoil it ...

james16 Chart Thread

To prove I'm not insane and to bribe the PA gods here another dual bar example. First from daily:

james16 Chart Thread

You're the man to ask Just saw a big personal conflict on GJ..... 4h made a bullish pin, you took it. Now I see 2x 4h making a bearish 8h pin and daily is at its current position a bullish pin, too. Now, which of the three is correct please! ...

james16 Chart Thread

Entered at B of ABC correction off the top on my personal simplified EW count. Targets as shown in chart. Fixme1too and other EW fans might give me their opinion on this - I might be off or wrong, but I see a good chance of the targets being hit in ...

Daily Cable Analysis

I attached my supersimple "moron's way of counting waves" simply going by basic FE + 12345 logic. No idea how "wrong" I am, but I think simple pattern recognition of impulses as wave 3 works not too shabby sometimes, trouble of course being you want ...

The Basics of Elliott Wave Theory

Does anyone else use FE / Fib expansions to figure out wave endpoints? FE 61.8 = weak wave FE 100 = normal wave FE 161.8 = extended wave If you manage to count correctly you will have a good idea of where the current move might start exhausting / ...

The Basics of Elliott Wave Theory

Hi again Wowowowow itme, we're currently totally synched Although I hadn't read your signals I shorted 1.3000 EURUSD and 1.9730 on GBPUSD. In my theory 1.9732 was the exact top of an abc or 123 off the 1.9645 low and hence offerend a good ...

Low Risk, High Reward Trading Experiment

Hi Itme, just curious whether you feel the wave count remains valid after the 233 pip rebound from a prior trendline. My perspective on this currently is: 240.30 has two wave endings here so that's pretty much the area it's fighting off currently. ...

Low Risk, High Reward Trading Experiment

There was a 4h pin bar on GMT 12:00 that already moved 60 pips. That was the good trade at the top. The daily has 30 minutes to go on my chart and would HAVE to close at or under 1.9770 preferably. Given that EURUSD and USDCHF are not very ...

james16 Chart Thread

Best reason for a hiatus there ever was Maybe switch over to smaller size and daily instead for a while? As long as you have trailing stops you can live with these inside bar breakouts afk, too Can anyone else not believe cable really came ...

james16 Chart Thread

Agreed, forget all that indicator crutch-clutching. Mike, help me, I'm scared, EURGBP is on a rampage and now cable is going down as euro is going up instead of vice versa *wonders if Habeeb shorted the 4h Pin* Could be eurgbp goes all rise now ...

james16 Chart Thread

Heya Cipher. Simple. I view an IB as a crossroads now, or a railroad track toggle if you will. That means the market can only go two ways from here on: above the IB or below it. I take the first signal that shows itself and until that light changes ...

james16 Chart Thread

Was tempted to add to my EJ when I saw this but wanted to be cautious today. Still at boundaries of the larger ranges. 1.3049 and 1.3089-1.3100 on EURUSD seem tricky if we reach that today/tomorrow and don't just plop back down on our butts again ...

james16 Chart Thread

Yupp. Also still long EJ from 157.10. Also long EURUSD, short USDCHF and long USDJPY, altho the latter isn't doing so hot. Attaching EURUSD reason. Daily IB, just popped weekly IB, too. Hoping we don't get faked out. Gold and Oil up so far, USDCHF ...

james16 Chart Thread

Cable from daily setup. Shaky as wind is cold up here but EURUSD and USDCHF are also attempting to break out and no 1H pins YET. Can change in the last 5 mins if I'm / we're unlucky.

james16 Chart Thread

I'm in a lot of pain with all this staggering +-30 pip ranging....every time we hit the lower boundary I fear it's gonna break and kill me Still in GJ as well, going slightly insane seeing it come down almost 100% from +60.....still hoping cable ...

james16 Chart Thread

If one has to look to 1h for entries it's not a great trading day. Didn't take this either but hey, at least it's illustration...

james16 Chart Thread