Sorry what do you mean II should not retrace to the start of I? Luis Carlos from Elliot Wave Outlook told me that II can't be below I, but I still don't get it. Sorry if its a stupid question! Edit: Its okay, I found out already!

The WoRmHoLe

I realised how messy my charts are. Going to redo all of them now since I have time.

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Hi tmoney, what timeframe do you use the channels on? I realise it changes according to different time frames and some times you get bullish and bearish on different time frames.

Channel surfing!

That's a really good trade! Just curious where you see PA going from here on. Here's an EW on my chart, although I actually went short at a wrong position. What do you think of it? Edit: Sorry V should be higher than III. Probably 1.32.

The WoRmHoLe

Seems like I went short at the wrong place. Should have gone long there. Appears that my EW is still playing out.

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ECB Press Conference Live Stream: url Forgot to add that EURUSD 1H closed in a doji and 4H closed in an almost doji looking candle. If Draghi is dovish, all hell will break loose downwards. Edit: For some reason GBPUSD has shot up to 1.612 and ...

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EURUSD has tapped 1.2967 but failed to close above it. 1.295 is defending pretty well so far. Weekly outlook indicates a possible double bottom. Not sure how much of an influence it would have here because only the past 2 bars have been bearish. It ...

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All the important news coming up tonight. GBP rate statement, ECB rate statement, ECB press conference, USD Unemployment Claims, CAD PMI and the FOMC meeting minutes. Seems like its make or break day. EURUSD is on the verge of a breakout. GBPUSD has ...

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Being impatient doesn't help. I continuously scalped my AUDUSD position and I'm now out. Don't see a definite direction but I'm bullish biased. EURUSD has shot past 1.295 but failed to keep above it on 15m chart. I am short at 1.2936 (impatience ...

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We have bounced exactly on 1.0185 for AUDUSD. I have not been watching EURUSD and GBPUSD but it seems that EURUSD is being really stubborn until ECB speech later tonight while GBPUSD has broken lower since hitting 1.63 weeks ago. Edit: Just as I was ...

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Hi, I've been trading for 2 months now but I've yet to find my drift. I also have a journal up and running, it can be found in my signature. I show my trades there as a way to keep myself focused and for me to look back at my past ideas to show ...

Proof That Ultra Profitable Trading Is Indeed Possible

Gonna try the channels out to see how profitable this is. My trades are all based on fib levels and trend lines / channels so it would be a nice addition Thanks and green pips to you sir!

Channel surfing!

We are about to break the fib level with 3 tests against 1.02 allowing us to see 1.01xx a few times. What direction is this going now? Guess it all depends on the Aussie news in 6 hours.

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What's your AUDUSD TP at?

TST levels

Seems like the bears have lost power. We are forming a double bottom now with long wicks below. Failure to break the fib level here will bring us to see 1.03 again. Edit: Forgot to mention the multiple divergences. Of which the one from early ...

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We're stuck in a 5 pip trading range of 1.0215 and 1.022. Scalping anyone?

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Changed TP again to 1.0365. Looking for an inverse head and shoulders set up with left shoulder at 1.03366 and neckline up at 1.04xx. This is just a guess.

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TP changed to 1.0325. Will take half here and place T/S at 1.03.

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If EURUSD continues on this journey, we may touch 1.32833. Highs from April.

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Check out my EW count on this EURUSD baby. It also bounced off the trendline as I had expected. We are still above 50 RSI daily for EURUSD, so it has the potential to go up, seeing as we have yet to close below 1.28. GBPUSD has also followed the ...

My Learning Journey