Hi Guys, I am posting this USDCAD chart to show how wave analysis works. If you have been in any of my webinars you would know why I am ONLY looking for sells in the USDCAD chart. If you still don't get it well sorry not my fault. Yes a "fellow" said I got is all wrong, LOL. When the daily analysis says it will go down because you are in a daily correction, it could take weeks and months in the correction before the next impulse down. Can anyone predict the end of a correction ,yes, sometimes you get it to the pip, but sometimes the correction becomes more complex and NO ONE can predict that and you don't have to. All you need to do is find a sell set up and sell!! eventually one of these sell setup will fall like a rock! While you are at it selling you still make good profit as you can see more then 2 to 1, but when you get the final sell and it falls you will double your account!! I don't have a crystal ball, I do analysis and yes sometime I do see a fall way before it happened, but I don't sell until I get the setup to do so! I posted charts that says wait for a sell/buy setup that never happened , sure, but then you are not in the trade. We will all do the comunity a good if we post our views even if it the opposite of another trader's view. If I see a view I strongly disagree with, then I share my view, let traders choose. WHY SELL- because of daily correction WHERE TO SELL- At the top of correction WHEN TO SELL- When you have a setup to do so. I will repeat this every time and yes some I will lose.
thanks alot Mr. anilmangal for every think you do it you are good
AntonioM
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Great Mr. anilmangal,
It's easy when you do it, but when I try to look at the charts it's hard, I lost in the charts.
I know you are so busy , but if you, accidentally, see my comment can you please tell me is it good what i'm doing?
Thank you so much! I salute you!
This is my foresight about USDCAD , is it possible?
Kumail
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@AntonioM, Check out Anil's weekly outlook webinars (they are posted on YouTube, under Anil Mangal). He speaks about this a couple of times, and although I don't know much about counting waves and numbers yet, your view is similar to his. The 1-5 in blue you have on your chart, is the impulse down, and we are in correction now. The next big impulse is coming (your big arrows down), but only after the complex correction that is happening now.
That's why selling (when you have a sell setup) at the top of a correction is what Anil is saying, is because one of those movements will be the start of the impulse down.
At least, this is my understanding of what Anil has said so far.
anilmangal
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@AntonioM, not how i see the count but the bigger direction is correct.
Anil, I would like to thank you for all the work you do here! The way on how you bring the educational concept regarding Elliot Wave is outstanding. The vast majority of traders here are thinking of only how to make some dollars selling signals
or some "educational" templates which will never teach a person on how to trade and you will forever rely on someone's ideas. Your method is more like: "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime". The whole contribution you give on TradingView is enormous and I wish you stay here for a long time!
VolcyWaveIntlx
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@ukrapidexchange, Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime
I will forever be grateful for his help.
Thanks Anil
OrangeTrader93
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You just sell trendline breaks?
jennhong1992
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YAAASSSS... So i was right :) I looks for triangles (breakouts) and it looks like you do too.