Maybe I'm not as advanced as some are but I don't even know how or why Id start counting from 1.42. G LMFAO! My apologies mate. I think your chart is GBPUSD. Mine is EURUSD. Hahahaha.

Elliot Wave Analysis

Yes Merka. After labelling an H4 chart one can make a case of another quick move up for one more wave. That is the big boys game room I mentioned in my previous post. I'd rather wait to be safe. G

Elliot Wave Analysis

Sorry bro. I'm just not seeing that on my weekly chart. G

Elliot Wave Analysis

I should also add that there is still room for that wave 2 on the hourly chat but limited IMHO. Even wave 4 on the weekly chart still has room. I think these windows/rooms are open for the big boys to play their game,

Elliot Wave Analysis

Hi Merka, Here's my current weekly chart. I am just learning as well. I was going to short before I realized it was a Friday. LOL. If my favored count holds true were in for a ride. If the big boys decide to take it up further then my play will be ...

Elliot Wave Analysis

I believe wave 4 on my weekly chart has finished. This is what I was waiting for Merka. I will be short now with 1.1492 as Target 1 and 1.1290 as my 2nd Target.

Elliot Wave Analysis

My updated chart. image

Elliot Wave Analysis

The nearest previous resistance in that area on my chart is 1.19083.

Elliot Wave Analysis

EURUSD right now is targeting 1.1900- 1.1910 area IMHO. That's where I'm waiting for the drop.

Elliot Wave Analysis

I do not build positions nor do I enter without being sure. As I mentioned before on my previous post, I saw higher Euro on my charts higher than Daily. When I cant align my charts to be going in one direction I'd rather wait than build positions ...

Elliot Wave Analysis

EURUSD DAILY : Wave 4 Target reached. Waiting for a drop now.

Elliot Wave Analysis

Wave 4 completed. This bodes well for a 5 wave drop should my Daily chart hold true.

Elliot Wave Analysis

I do not disagree that the chart suggest a deeper drop. I am just not certain that wave 4 on my Daily chart has completed. I am probably over cautious if anything as I still see the higher TFs suggesting a higher price for Euro.

Elliot Wave Analysis

Thanks for the reply Sting? Yeah I do remember those guys you mentioned but that time I really could not understand the waves at all but were amazed at how they were accurate in their counts. I knew I have to learn counting as well if I wanted to ...

Elliot Wave Analysis

Excellent thread indeed! Great work guys. Still new to EW but I also think EURUSD still have much to drop. The upside is capped at 1.1800 to 1.1812 area as Im still not sure if wave 4 of extended C is completed on my chart. I'm just curious Sting ...

Elliot Wave Analysis

Oops sorry . To clarify... yes 1.1827 and 1. 1750. Also triggered my protective short @ 1.1813 out of respect for that for that close below 1.1800.

EURUSD only

I believe it will reach the 1.21 area, even higher, once this final leg down finishes. It might however reach lower to 1.75 area should it break the last low registered today. I bought at 1.27 for my first buy and will keep till it reaches my target ...

EURUSD only

Keep your longs folks. I believe EURUSD is currently on fifth wave of 3.

Elliot Wave Analysis

Thanks Bro. I do appreciate your comment a lot. I would not want to start an account ( do all the paper works, give them all my details) and then get shut down for being successful. It just don't make sense. I'll stay with my current broker right ...

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I'm expecting this to go much lower but am waiting for right time to add perhaps after the NFP. Cheers! G

AUD/JPY