Edit 1: Closed my short at 39 pips profit.
Edit: Finally managed to move my SL to break even. Now 40 pips in green.
Tuesday, June 30, 2009
Monday, June 29, 2009
Saturday, June 27, 2009
Friday, June 26, 2009
Wednesday, June 24, 2009
Tuesday, June 23, 2009
Elliott Wave Count for Gbp/Jpy (Daily)
In below chart I have counted it as W,X,Y complex correction.
Out of 4 corrective patterns,
1.) ZigZag - invalid since 1st wave is not impulse
2.) Triangle - not possible, from chart u know it.
3.) Complex - most likely
4.) Flat - possible but need further confirmation.
Since 2 patterns already became invalid, so either complex or flat pattern.
If its COMPLEX then TOP is already in place at 162.6.
If its FLAT then there is 1 more wave to go up as wave 5 of C.
Below chart is my added with my alternative count. The count in RED color label is my alternative view. Its FLAT correction as 3,3,5 sub waves.
Out of 4 corrective patterns,
1.) ZigZag - invalid since 1st wave is not impulse
2.) Triangle - not possible, from chart u know it.
3.) Complex - most likely
4.) Flat - possible but need further confirmation.
Since 2 patterns already became invalid, so either complex or flat pattern.
If its COMPLEX then TOP is already in place at 162.6.
If its FLAT then there is 1 more wave to go up as wave 5 of C.
Below chart is my added with my alternative count. The count in RED color label is my alternative view. Its FLAT correction as 3,3,5 sub waves.
Monday, June 22, 2009
Eur/Usd H4 Chart
Sunday, June 21, 2009
Gbp/Jpy M1 Chart
Wednesday, June 17, 2009
Tuesday, June 16, 2009
Usd/Jpy Daily Chart - Updated
Monday, June 15, 2009
Sunday, June 14, 2009
Gbp/Usd Flat or Complex?
Friday, June 12, 2009
Wednesday, June 10, 2009
Tuesday, June 9, 2009
Monday, June 8, 2009
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