steves_c

steves_c

Nice clean waves to form an ABC ZigZag. Trading wave 3 of C. Taking profit ahead of the daily fibonacci speed fan.

steves_c

A poor entry but I had to get in as the trade hits all my entry signals and was moving at such a speed I could lose the trade altogether. Analysis is an ABC ZigZag. C is starting from 38% of A, so the trade has the potential to travel 1.161% of A.

steves_c

I haven't traded the Euro in months, it's always been too close to a fibonacci trend line. My style of trading I never trade out from a fibo trend line always trade into one. This pattern analysis is an ABC long with extension of 1.16%. My take profit is only 100% of the target so I might hold it through the fibonacci trend line and onto the extension...

steves_c

Trading the Yen, is a dark art. Rarely do I ever see success from this pair. In a way, I feel using Elliott wave analysis to try and understand the currency is far removed as the impulsive waves are always hidden and never provide clean signals. I personally think it's heavily manipulated by serious players as buying and selling waves don't look natural. In terms...

steves_c

Ok, So back in this trade. I got stopped out badly due to the coronavirus vaccine news release earlier today. However I've held out all day for sell off and it looks to be playing out as I originally anticipated which is frustrating but also provides another opportunity to get back in.

steves_c

This pair I find is one of the hardest currency pairs to trade in the market. I never see clean opportunities as it trends tight and clean waves are rare I'm not sure if it's because it's less natural or its the banks but just doesn't look to fit similar style as others. Anyway, I'm analysing this pair an ABC ZigZag, riding the C. I've held out for clean waves on...

steves_c

ABC ZiZag to hit the daily fibonacci speed fan. A nice hold on the 38% fib and showing on 15min TF gives me an indication this will potentially travel 1.16% if this trade analysis is correct. I'll be looking to moving my stop loss to break even at about 50% of the move as it has a long way to travel before I'm correct.

steves_c

My trade on Friday, I should have moved my stop to break even once the trade hit 50% of the idea. Unfortunately I left it to take profit and it took me out. Looking at this structure was early on the entry. I'm learning that after such bullish moves in the opposite direction it takes a while for the market to accept and change direction.

steves_c

A nice ABC Short, this is still correction so never feels right trading it as previous longs look so strong but I feel this has a nice shape to it and analysis lines up.

steves_c

Such a slow week, struggled to get in at all. A nice ABC ZizZag to take me to the daily fibonacci.

steves_c

Took profit in the previous short as the retracement looked quite sharp and impulsive. However my revised analysis of that move is giving me a B and an overall structure of ABC short. Im now riding the C down if this is correct.

steves_c

All week I've been scratching my head at the previous move. I know it looks impulsive but I just can't quite count the waves. Therefore, I'm looking for shorts to take me to the bottom of the daily fibonacci speed fan. There are clear waves in this pattern as an ABC ZigZag.

steves_c

A deep retracement from B indicates this move is a potential extended 1.16% of A. Meaning my take profit should be the close to the daily fibonacci speed fan S&R lines.

steves_c

An ABC Flat to hit the daily fibonacci speed fan. The B is very sharp but there are no waves, so I see this as a correction rather than impulse. I'm using my trading execution plan and sticking to my plan that I made a few months ago that has Elliot wave as the fundamental structure of my analysis. The past few months I've not been as critical of my analysis with...

steves_c

A beautiful impulsive wave at the end of An ABC, lets see if it completes the channel.

steves_c

An ABC ZigZag

steves_c

A bounce off the 61% fibonacci provides a long trade idea. On a higher time frame I'm receiving signals this trade is a short, although I'm seeing a clear set of waves and this pair has been trending long so I'm naturally bias for a long.

steves_c

A Channel up on the 240hr timeframe with a strong impulsive ABC ZigZag to hit the trend line