Hello everyone,
I’m a 24 yo guy who wants to improve and get better in trading the Forex market.
I started learning about three months ago and probably I’ll never stop.
What i want to accomplish is simple - not that simple though 
-! I want to make a living in the forex market, because right now, like the many of us, I’m working from 8 to 12 and from 14 to 18.
I’ll mainly trade from 7 PM GMT 'till 9 PM. The currency crosses that i’m going to trade are:
[ul]
[li]EUR/USD
[/li][li]GBP/USD
[/li][li]EUR/JPY
[/li][/ul]
I’m actually refining my trading plan so I can fit it to my needs, that’s why I’m not posting it yet.
I’ll post all my trades from now on, on this thread so everyone can see and discuss the methodology and the process of my trades.
As my main tool I’ll use Technical analysis so: chart patterns, Gartleys and, above all, Waves!
You’ll see in detail what I mean by trading the waves in my screens.
Stay tuned!
That’s it guys 29 pips profit.
I traded the fourth wave, that was pretty choppy but still tradable.
Here is the img
As you can see it is a little bit risky but still viable.
Fourth waves, in the Elliott Wave Theory, are the ones that has the most probability to develop in a sideway structure formed in small waves until they reach an end, where the fifth will develop.
Right now I’ve been stopped out - in profit, even though it’s only 2.3 pips 
- long in GBP/USD. Fourth wave is still incomplete, but it is about to reach it’s end.
EDIT: For today I’ll stop trading because in the afternoon there isn’t so much volatility which, for me, is essential.
Good morning everyone,
even in this Sunday - in EU, it’s clear - i tried to analyze the Currency Market.
In particular I want to share with you the EUR/USD analysis, Daily and Hourly.
I usually look at the big picture searching for recognizable patterns such as Gartleys, Butterflys (whenever I cannot count waves properly) and waves.
That’s the big picture:
As you can probably see there’s a bullish Gartley 222 that has formed in the Daily chart, so we should think that the reversal occured in 07/06/2011 will mantain it’s momentum, so basically it’s time to buy.
In the shorter term, the Hourly chart is confirming those things:
Here we can see waves! First one is retraced 50% by the second wave so it respect our first rule:
“Second Wave can retrace the first one to the 100% but not more than that, if it does we are not in the first wave, but probably in another one, or in a correction”.
The third one is not the smallest wave, infact it has extended above the 268% of the first wave.
Since the second wave retraced the first in a sharp move, we can expect the fourth wave to be a complex correction, such as a diagonal triangle or a double zig zag, we’ll see.
Most important thing is that I want to trade the Fifth that will form, and that should be almost the same of the first wave. To have a "probable area in which the fifth will form, I just used the Fibonacci’s Retracement tool from the top of the third to the bottom of the first and then by putting the beginning of the tool in the base of the fourth we have a nice projection.
Have a nice week end. :32:
EUR/USD has dropped down, but right now is time to go long till the 38.2%.
Good going.
I trade elliott wave too but on 1hr and see the larger patterns on daily and weekly. Elliott wave is subjective and many dont use it thinking its hard work. But elliott wave is the way the market moves and will always continue to do so.
Here’s my ew 4hr chart
Yeah it is a GREAT tool to get to know how and why markets move in recognizable patterns.
Do you think that we are in a corrective phase?
[B]EDIT[/B]: I’m still learning how to count properly and how to get to know when to enter the market with low risk.
[B]2nd EDIT[/B]: I use Daily and Hourly charts. Daily to confirm the trend, the Hourly to enter positions.
I havent labeled the leg down from the left but I believe it could either be an A or a 1 and we have just completed either a big B or a 2 and both counts suggests that euro should come down and take out the low of 4/10/11 to make a c or a 3rd leg down
Looking at the Hourly it seems that Market is in an Impulsive phase, look at the steepness of the wave.
Do you think that a Third is coming?
the arrow you have there is the third and it finished the 4th and we should now see lower movement into the 5th wave. which in turn should be a wave 1 of larger degree down
I dont know why my images are so small 
If it retraces more than the correction isnt over
Are you using Channeling technique?
elliott wave chanelling is a little differtent. you draw a trend line from 2 to 4 and copy it to the top of 3 to find potential area for wave 5 termination.
Another 60 pips in USD/CHF this time. Spotted a reversal near 0.786 fib, and, after candlestick confirmation i entered the trade. I closed the trade because of fear… I have to work with my emotions…
That’s the chart:
hey I took that trade too 
took some off before going to sleep and moved to be. I know I shouldnt be trading corrective waves so am more cautious.