If the mentioned two condition is met, GO LONG!

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
1464 21 47
Read the chart.
If break 1330, the trade will be closed.
Hey your setups are pretty impressive. Can you tell me where you learned the Elliot Wave Theory?
Now , it is going up!Thanks
hi Faylee,with due respect your wave count is wrong. Or your notations/labeling used are wrong. Right from where you started counting your wave (c) is not to be labelled as abc.....wave C is always 5 wave structure. in some cases wave (a) are 5 wave too (as in a zigzag). I will post a chart when i have time.
thanks for share... blessingss
faylee OrelMely
Thank you:)
Interesting...I tend to put a limit buy for your C point and target for up as well. But your analysis is more thorough and better. But what's the difference to buy from the Minor C in compare to Minor E point? in terms of structure E is always safer.... but both Mc and Me point needs price-action & indicator confirmation, right?
faylee gcplau
Yes, usually "c" looks risky, "e" looks better. But still not safe, I think no entry is safe. I always think if I lost, I hope it is as less as possible.
gcplau faylee
Thanks for the sharing. Yes, I agree with you...always try to find an entry point that require less SL so as to improve the R/R, not sure if this logic is right. But finding such requires a lot of work and analysis and still no guarantee...so, finding a balance and an efficient way. When you call it abcde, is it more or less like Wave12345 ?
faylee gcplau
I agree with you.
abcde, is not 12345. 12345 is impulse wave in Eliot
OrelMely faylee
do you contemplate all that as elliot
bigflat?? ..
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