bigboyzaid

bigboyzaid

This is another possible scenario that GBPJPY could be following. We could be in Wave B of Wave X in the higher degree. If Wave B is confirmed there is a possible chance it will finish up as an expanded flat, which will then give us our Wave C up higher to complete our Wave X in the higher degree. Let me know what you think. #ElliotWaveTheoryRocks

bigboyzaid

This is a possible scenario of GBPJPY. We could be in a triangle correction, which moves in an ABC (DE possible to come) structure. 3 waves between each waves. This pair is best to be patient and see what it does. However, the pair is bearish in the short term. Would this pair follow its triangular structure? Or Has this pair already completed its ABC...

bigboyzaid Updated 

Gold could possibly be in a WXY correction. This could be a potential short at the 61.8% retracement of wave a of Wave Y. Once the market comes at that level I will be looking for price action confirmation. If price action rejects nicely and we dont see break of market structure to the upside. I will be looking to sell. #ElliotWaveTheoryRocks

bigboyzaid

Still moving in the same direction as the first post. In my opinion, we are getting a complex correction. There is a possible chance of an expanded flat or running to occur given us an ABC structure to complete our Wave B of Wave Z in the bigger degree. The calm before the storm. (I'm ready are you?)

bigboyzaid

BEARISH VIBES COMING SOON (IN MY OPINION). Looks like the 4th wave is about to complete. Projected 5th wave incoming. GO BEARS GO!!!!!!!

bigboyzaid Updated 

I believe Gold will continue higher taking out previous highs before we continue to bearish overall trend.

bigboyzaid

WAVE W AND WAVE X HAVE BEEN COMPLETED. We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows. Let me know...

bigboyzaid

!!!! CALLING ALL ELLIOT WAVE TRADERS!!!!! Hi Ellioticians, I am currently studying Elliot wave theory and I am still trying to learn how to count effectively. Please let me know if there is anything wrong with...

bigboyzaid Updated 

It looks like the final 5th is in motion after we have completed the 4th corrective wave. 5th wave is usually the same length as the 1st wave. Be very careful as I assume their will be huge drop coming for this pair especially as new highs are being created technically (don't buy high) but fundamentally, it doesn't look good. *All views are my opinion, I am...

bigboyzaid

This is what I currently have. I still believe we should expect some more bullish movement on GBPJPY. This is my updated idea from the post above. I'm still quite new to EWT, so if you spot any mistakes etc please comment them below and let me know. :D Good Luck

bigboyzaid

My idea on GBPJPY. Once the high gets taken out we will start a Wave 4 correction which could retrace to the 38.2%. Once the retracement finishes we will then see one more impulse which will give us our wave 5 and that will complete the bigger expanded flat correction on the monthly time frame. Another scenario is that we could see the market start to drop...

bigboyzaid Updated 

We can see that there is some divergence from wave 3 to 5 of WAVE 3 . This shows that a short is in play. As Ellioticians, we look at WAVE 4 to not go beyond 38% of WAVE 3. Once WAVE 4 is completed I will be looking to buy this market for its final push to the upside before it comes back down.Be very careful when trading this, as corrections are risky to trade. If...

bigboyzaid

WINNERS ENTER AT THE END OF AN EXAUTION. LOSERS ENTER AT THE COMPLETION OF A PUSH. MY TRADING IDEA FOR USDJPY. SEE SOME DOWNWARD MOVEMENT FOR THIS PAIR. LET ME KNOW WHAT YOU THINK. IF PRICE ACTION GIVES ME EXTRA CONFLUENCE I WILL BE TAKING THIS TRADE. THIS PAIR LOVES TAKING STOP LOSSES SO I WILL HAVE A WIDER STOP LOSS ACCORDING TO MY RISK MANAGEMENT.

bigboyzaid

Gold has completed its X wave and is now on the Y wave hopefully complete the 4th wave of a 12345 impulsive wave. Once the 4th wave is complete (targeting blue box), I will be looking to buy long term for the 5th wave, which could potentially take our current highs. Looking to enter short once 1hr supply has been consumed and enter on a S AND D flip. Stops may...

bigboyzaid

As you can see it has created the Y wave down and my buy limit has been triggered from that spike down. Now up in profit move stop loss to break even. UP AND UP WE GO!!

bigboyzaid

On bigger time frame, it has completed the first Y wave and has reached the 61.8 level. I would expect at least a 50% retracement which is this trade of the first leg before another big sell off. This pair may take stops before heading up.

bigboyzaid

Looking at the pair with Elliot Wave Theory and Supply and Demand, I see Long term buy potential for this pair. Its currently at a resistance level and I would like to see a nice break through that level and look for price action to give confluence of its buy. It looks like we are currently in a Y wave and I would expect price to continue going up to take the...