faylee
Long

If the mentioned two condition is met, GO LONG!

FX_IDC:XAUUSD   Gold / U.S. Dollar
1459 21 45
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?
Reply
Now , it is going up!Thanks
Reply
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.
Reply
thanks for share... blessingss
Reply
faylee OrelMely
Thank you:)
Reply
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?
Reply
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.
Reply
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 ?
Reply
faylee gcplau
I agree with you.
abcde, is not 12345. 12345 is impulse wave in Eliot
Reply
OrelMely faylee
do you contemplate all that as elliot
bigflat?? ..
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out