Thanks snarlyjack, thats helpful information. I really appreciate your time and effort mate!

Trading Made Simple

Hi snarlyjack, thanks for that tip. Some Red News is coming up, ECB President Draghi Speaks, how do you deal with this - hang on or get out the way?

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Hi NWGstudent, the first EW level for Wave-5 was hit last week and the 1050 estimate (or some range including this level) came up as a fifth wave extension (a 1.618 extension of Wave-1)... that number keeps coming up from very diverse sources... ...

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...actually, bulls look exhausted from trying the 1190, but its still the same possible pattern until it breaks-out... ?

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Hi abokwaik, classic bull-flag (acceding triangle) on 1H TF - but lots of wicks topside pushing/keeping(?) PA down... ?

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LOL! Absolutely! I've chased down loses for days trying to BE and its just a waste of time and energy when you could be focusing on winning trades...!

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Thanks lorbax !!! So, as soon as the TDI cross breaks down and the HA candle changes color - get out of the trade as you are simply wrong, out! Thats a great approach you have because the good trades then have a chance to develop and ...

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GU 1H TF looking good but meeting 4H support (dashed pink trendline) ... +30'ish pips

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Thanks emmanuel7788! Absolutely, trade safe! I'm on the demo acc so no problem... just trying to spot all possible patterns and experience different scenarios...

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Help me lorbax - you're my only hope... lol. I took EJ [Yes, Wqiang... but long] - it looked good at first then it developed this funny kink shape - I'm getting smashed! Its hitting support so I'm hanging on for dear life! Thanks for the comments in ...

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...Hi traders, I'm watching UJ, EJ, EG & AN... 1H TF... currently in EA (4H), GU(1H) Short, AChf Long (4H) - all not doing much, yet? EDT: I'm all in...

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If you are above the 1188 you would have avoided the trap with a generous SL (...let the trade breath and all that...). On the 1H it may well retrace to 1179/7 (either to the Kumo or previous pivot high) so you should have a good trade. It is risky, ...

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Hi TheScorpS, I use EWT to chart the general structure of the pair - very powerful tool. However, I find that actually trading the method is very difficult. The major problem I have with the theory is that it appears deterministic in nature as the ...

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Absolutely correct !!! But its always nice to chat with fellow traders... Green trades everyone!

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Hi Spartanholds, sorry about the delay in responding... What I'm seeing now could be interpreted as a shooting start on the 1H - its actually a short-trap (a natural phenomena that happens before PA takes for southern waters... lol). Notice all the ...

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Supporting analysis... when ever I come to cross roads with EWT [especially when dealing with consolidation] I always have a quick glance at Ichi[moku]... The 4H chart shows PA moving through the Kumo confirming consolidation with a Kumo break-out ...

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This also comes up in EWT - actually you could argue that Elliot really invented fractal theory and then it was discovered like in the 80's I think... But EWT assumes this structure is on all TF's. The only thing extra to this is that the 'noise' I ...

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Hi Samsamall, this is the fractal (in the sense of Chaos Theory not B.William fractal pivots... lol) property of PA... If you change the 1M period to cover the daily then this structure will get wiped out by noise... Great observation by the way!

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...wow, thats so cool! It looks great. You and Hollowhead both had to fight from extreme circumstances and are now back in business - this is the sign of a good trader!

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