NidalDarawsheh
Short

AUDJPY -Count, Character, Entry and stop

FX:AUDJPY   Australian Dollar/Japanese Yen
326 17 9
11 days ago
please see chart, this count is refined to the 1hr tf
10 days ago
Comment: typo: count invalid above 86.466 (wave 1 bottom) not 84.052
schakim
10 days ago
It may be worth noticing that 84.and_a_bit is not just the 0.382 fib retrace of wave 3, it's also the 2.618 x wave 1 of C exstension, from start of wave 3 of C, so the probability it turns there is somewhat I would say, or it will continue way higher up to the 88-89 area, long term. In such case, this may not be an a-b-c after all, but a 1-5 impulse on a higher degree. Only the PA can tell, ones we get there, which I am pretty sure we will.
Reply
schakim
10 days ago
The only think I see against this count is that what I have as end of 2 (and explicitly start of 3) of C is tiny 0.2 pips below start of 1 of C, and explicitly end of B, and thereby would fall for the invalidation rule... requiring a different count, but it just that I currently don't see any other logical count at this moment, other than the spike down on Nov 9 would be wave 2 in such case.
Reply
NidalDarawsheh PRO schakim
10 days ago
@schakim, hi, can you post a chart please, by the way my entry is 84.02, looks like i entered 84.2 in the position tool by mistake, lets see how this unfold
+1 Reply
schakim NidalDarawsheh
10 days ago
@NidalDarawsheh, not sure how this worked out, as I have never published a TW chart before, and if this is what you asked for, but a try...
snapshot
Reply
schakim NidalDarawsheh
10 days ago
@NidalDarawsheh, and that spike is kinda disturbing in some way as it sort of "puncture" the whole picture. Not sure really if it IS part of the EW picture/structure as I doubt that kinda "noise" didn't exist at the time when Elliot put it together...
Reply
NidalDarawsheh PRO schakim
10 days ago
@schakim, i understand what you mean, the blue lines marking abc were placed roughly to mark the correction structure, what you marked 2 is actually my B, i see it as adouble zegzag, give me few minutes i'll publish a chart with notes, cheers
Reply
NidalDarawsheh PRO NidalDarawsheh
10 days ago
snapshot
Reply
NidalDarawsheh PRO NidalDarawsheh
10 days ago
i did not put much details in the original post because it's daily chart
Reply
schakim NidalDarawsheh
10 days ago
@NidalDarawsheh, Yes that makes more sense to me to have B there, so here is my new count then, and not sure about count of the last leg 5 up, if we have had the top or not, and if not maybe your accidental call of 84.20 is intuitively accidentally optimal ;-)

snapshot
+1 Reply
NidalDarawsheh PRO schakim
10 days ago
@schakim, we have a our 3rd daily resistance at exactly 84.213
Reply
schakim NidalDarawsheh
10 days ago
@NidalDarawsheh, how do you find that resistance? Anyway, if your new chart and count is correct, then it looks like we may go up higher, maybe even way higher and I actually moved my entry from 84.00 to 84.20, for now to give it some room to develop, and not rush in.
Reply
NidalDarawsheh PRO schakim
9 days ago
@schakim, from the previous day candle (h,l.c)
Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = P - {.382 * (High - Low)}

Support 2 (S2) = P - {.618 * (High - Low)}

Support 3 (S3) = P - {1 * (High - Low)}

Resistance 1 (R1) = P + {.382 * (High - Low)}

Resistance 2 (R2) = P + {.618 * (High - Low)}

Resistance 3 (R3) = P + {1 * (High - Low)}

or simply get an mt4 indicator it will plot them on your chart every day, i don't trade it what so ever, it helps if it matchs my structure and give me a since if the daily range

i use FiboPiv_v2 indicatore google it and download it if you intrested
Reply
schakim schakim
10 days ago
with this count/structure, based on generally accepted/established target/ratio rules (or guidelines) wave (v) of 5 of C should end around 84.05, if everything plays out perfectly or 84.75 (w5 = 2.618 x w1)
Reply
schakim
6 days ago
Here is how I see this one now. Still not in the trade, just observing and waiting for it get in tune with my projected structure (or not), but if we get a a-b-c here I will probably try to long it at around 83 or just below, depending on where c ends. Bedtime for me now, so will see where it is in the morning...

snapshot
Reply
VForex
3 days ago
what do you think on this as a possible entry on breakout?
snapshot

Reply
NidalDarawsheh PRO VForex
3 days ago
@VForex,
hi, i have similar view, lets wait and see
Reply
NidalDarawsheh PRO NidalDarawsheh
3 days ago
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out