anilmangal

AUDJPY the power of wave analysis !!

FX:AUDJPY   Australian Dollar/Japanese Yen
6755 35 159
Hello Traders , please click on all the pinned charts to see how it is possible to use wave analysis to forecast the charts.
Yes you heard me right FORECAST!
I hear many traders say "I don't do forecast" and I am wondering what do you do? If you buy EURUSD             it is because you believe it will go up and that seem to me like a forecast? Except you don't use a method to do forecast! What if you had a proven method that has a high accuracy of forecasting? Well you do and it's called wave analysis!!
Make your choice, use a method that works or keep insisting that you don't do forecast.

Trade with care.
Thank you for your support.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Chartistry PRO
10 months ago
Hey Anil, great job
+1 Reply
anilmangal TOP Chartistry
10 months ago
Thank you.
+3 Reply
Asif
10 months ago
Thanks Anil for the great work!
+1 Reply
Adriese PRO
10 months ago
thanks
+2 Reply
URIFX
10 months ago
Love it! Can we discuss about the reason why we love Elliott Wave here?
+2 Reply
anilmangal TOP URIFX
10 months ago
Hi URIFX , good idea, but i am afraid it will start a war and the trolls would love it.
+5 Reply
AdamFx42 anilmangal
10 months ago
The insight would be worth the war, Anil
+3 Reply
anilmangal TOP AdamFx42
10 months ago
Ok Guys go for it, start the discussion.
+1 Reply
URIFX anilmangal
10 months ago
Yes! I had tried some methods from price action, pitch fork, divergence,… and finally I found EW as the most comfortable and consistent method for me. The most interesting thing I got from EW is the High Confidence for any trading plan. Here are some reasons (just my point of view):

EW offers the logic and simplicity when I identify a trend. The higher time frame gives a direction for lower time frame while the flower time frame confirms or denies the higher time frame structure. If structures in higher and lower time frames are consistent, it gives me high confidence for the next move.

EW gives me 100% focus. I would forget noised signal like price action candles (a pin bar for example) and indicators. I just consider those when those candle patterns appear in the zone that I labeled as entering zone or exiting zone. I just care about if the current wave ended or not.

EW helps me to identify whether a trendline is (Support or Resistance) strong or weak. If S/R is at the end of wave patent, I consider it woule be strong, otherwise, price should break, pullback and continue.

EW helps me to determine the invalid points. I use it as a stop loss / take profit.

EW can tell me why I failed. The wave structure is not wrong, just because I did not see it.

These insights come from my experience. It could be wrong or right. I will appreciate any correction from you all!
Reply
anexas PRO
10 months ago
Thanks Anil. Looks promising.
+1 Reply
anilmangal TOP anexas
10 months ago
Thank you.
+3 Reply
DAVID_GIRALDO
10 months ago
deffinetly makes sence! great spotting on the waves!
+1 Reply
anilmangal TOP DAVID_GIRALDO
10 months ago
Thanks
+1 Reply
leharman PRO
10 months ago
Amazing wave patterns!!
Reply
anilmangal TOP leharman
10 months ago
Thanks .
+1 Reply
Lindsay PRO
10 months ago
Amazing analysis. ThanksAnil
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anilmangal TOP Lindsay
10 months ago
Thank you Lindsay!
+1 Reply
txks again for your technical analisys on forecasting this up move
+1 Reply
it looks like a weekly turn up
+1 Reply
anilmangal TOP puretradelife
10 months ago
let's see if it corrects and goo again
+1 Reply
That one looks very good, thanks.
+1 Reply
hounds
10 months ago
Gee wiz Mr Mangal, looking and comparing, the previous pinned forecasts, and seeing your latest chart, its amazing how accurate you are. Great job sir !
May i ask, how i be can a member, in your trading daily room?
+1 Reply
hounds
10 months ago
Sorry i meant to say.. (how can i be a member)
Reply
anilmangal TOP hounds
10 months ago
add me to skype for more info : mangal457
+1 Reply
hounds anilmangal
10 months ago
Thank You
Reply
kaisheng anilmangal
10 months ago
Hi, May I know how do you identify a wave by using MACD?
Reply
DenizBartu
10 months ago
nice chart
+1 Reply
stefano.trimarchi
10 months ago
Well Done to You, Anil. I am following your insights.
+1 Reply
gordan21
10 months ago
Is it to late to get into this trade?
Reply
petter gordan21
10 months ago
It's on the verge of being a bit choppy (my opinion), but I'm going long on this at 10pm GMT if it keeps showing the same signals. Showing some dojis at the moment, so the equilibrium between buyers and sellers might signal that price is due for a move up.
Reply
petter
10 months ago
What's your strike rate when using wave theory?

Personally, I find raw price action (with a little MACD) the best solution. But it's all a matter of what suits your personality, hey?
Reply
mabforbes
10 months ago
GREAT STUFF MAN!!!
Reply
ROKJAZZ
10 months ago
impressed and inspired!
Reply
Mirko93
10 months ago
man, now, where is a good point to enter?
Reply
radraziel
9 months ago
Can you please give us an update on this, whats your vision
Reply
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