We are expecting a down move on AUDJPY so if all goes as expected we will be in the sell.
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Trade with care
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Training : add to skype mangal457
Besides, I have a little difficulty to fancy this Yen strength all of a sudden, still waiting for some clear catalyst for it to really take hold, but that's all my opinion, oc.
You need to know the basics to understand Anil's basic theory. Waves develop in fractals, so in other words you can see wave patterns developing within bigger patterns, in different timeframes. Look for 5 wave impulsive structures, followed by a three wave correction structure. I believe @anilmangal prefer to use to basically look for three wave structures, but sometimes fives as well. It's a good and understandable way to look at waves since perhaps one of the biggest errors Elliott wave counter do, is mix corrective structures with impulsive structures. Developing a good sense of determinding wave structures requires experience. Anil obviously got a lot of it as mostly his predictions are correct:)
Also, I think Trump poses a risk to economy also a rate hike means move towards less risky business... I hope you get what I am saying also...
This could tell us that the price will become to go down.
Has someone agree with my view?
I would have respected your comment more if you had brought something constructive to the table, like how you saw it and from what I can see there seem to have been only 5 ppl (so far) that took a loss on this setup.
== my view is short, see my idea, I have no issues with that.
== I was talking about the structure that keeps changing with every update and the 3 invalid sell setups ( anil: Another sell setup, hope this one goes. Lost one , one breakeven and going for the next one.) not to mention todays setup
== same thing applies to NZDUSD and USDCAD the original idea keeps changing, take the NZD first looking to long 5, then it kept changing now he is looking to buy C, that is Misunderstanding the structure
== 1. I agree, expecting a short bunch as a possible invitation to a short, possibly all the way up to a double top. I see this last leg as wave 5 of C, and now a small correction, which may come in the form of a flat - because AUD is a really stubborn currency that just don't like to go down and always seems to have an extra bucket load of fuel to trow in ;-)
== 2. I don't see them as invalid, but failed and that happens all the time and with situations like this I would say they are really educating, so the title fits well to me.
== 3. I have not looked at the other pairs, they may be different. But I would say that these are really tricky pairs to trade, and should be stayed away from if not comfortable with th e hazard. And it's wise to trade small, especially here.
Dumb comments are easy to make arent they @saro2018
I was pleased with Anil's advice to wait for consolidation before entering the trade, which I expressed in another post.
This advice prevented losses anyway. It's not about that.
My comments related to what seems to be an insistence to find a short trade even when it's already gone wrong twice.