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This thread is off topic now, I don't think there should be any further EW discussion here.

9 Years, that's how long it took me to get to this level, 9 years...but I made myself 3 promises: 1) You will not give up 2 You will be part of the profitable 10% 3) Because the market evolves, you will continue to learn...and despite banking $5000/day I'm still learning

Hi Guys, This has nothing to do with the system, I apologize, just to help out a bit. There's some nice scalps coming up in the next 14/15 hours, I did the EW analysis on the m30 time frame. My Watch List: USDCAD > long NZDUSD > short AUDJPY > short AUDUSD > short EURAUD > long I'm aiming...

Golden RULE: Wave 1 and Wave 3 will never be equal in length, Wave 3 MUST be the longest wave, else the cycle is invalid. Guz

I'm not in any trades now, but you can start looking for strength in the USD and JPY now. Trade safe Guz

Hi bp2000, Wave 1 - 5 is one complete cycle, which will be followed by a corrective wave. So you are correct, after wave 5 you expect a re-tracement/trend correction in the opposite direction. Hope that helps. Guz

I spent allot of time on this website, and on YouTube.com. I do not use any of the MT4 indicators on this website. http://forex-indicators.net/cycle-indicators/elliott-waves/rules Cheers Guz

Done for the month. This is why Ralph Nelson Elliott was a very clever man.

Hi alij79, I trade manually, no indicator. My chart markups looks like this, it takes effort yes, it personally took me years to get to this level. You won't find a accurate EW indicator anywhere out there, it doesn't exist. You have to do markups as the market unfolds.

No complaints here, I trade manually with EW analysis. I doubled my smaller account since last week Thursday, with smaller lots... the last of my trades now on their way to the finish line. After this I'm done trading for the month. Guz

Go back in this thread, I said this before.

I'll have to dig, I learned EW mostly off Youtube. There is one site containing most of it, I'll have a look later today.

As I said yesterday, be careful...the trend is in the opposite direction.

Hi bp2000, I'm aware of this indicator, and I can confirm that the wave count is definitely not based on the Elliott Wave Theory. E.g. wave 2 should never go back lower than the starting point of wave 1. Also there's no clear corrective waves. This to me look more like wolf waves. Regards Guz

My thoughts was for a strong breakout filter as well, thanks. Guz

I just saw this comment now, here's my thoughts. I personally have a Masters degree in Business Information Systems, if I leave my dissertation on the Internet, and someone else comes along and slap their name on it, passing it off as their own work...that's theft. As much as a University will...

I don't use any look-back set as my trades were not SSEA/System generated. My trades are all based on Elliott Wave Theory. Since EW is not the focus of this thread, I won't elaborate on the strategy, I just wanted to give s.shane a heads-up. Regards Guz

Careful .shane. I'm afraid that setting won't give you trend continuation. I am in some of those trades now, in the opposite direction, all in profit. I even added to my open trades of Thursday. GBPAUD>Bear GBPCAD>Bear EURCAD>Bear USDCAD>Bear EURAUD>Bear EURUSD>Bull AUDJPY>Bull NZDUSD.Bull...

The wheel turns, karma has a way of sorting these things out without anyone lifting a finger. He will get what is coming to him for stealing the work of others. Guz

Hi, the system works, agree with you...we just want to make allot better. Look at what happened with GBPAUD a few days ago and you’ll understand why. The system gave a buy signal, but the pair continued to fall and fall, more than 150 pips at some stage, that’s why we are looking for a filter...