Elliott Wave Theory

I understand Elliott Wave Theory, however I’m having the most difficult time finding very many confirmed patterns looking at H4 D1 W1 charts of EUR/USD or USD/JPY pairs to start out with. I realize I’m a beginner.

I not there are a lot of staunch supports of using this technique for determining protective stops. Does anyone know of a free website anywhere that posts the current identified ways of the major pairs for different timeframes?

Heck, I might even pay for the service if it is reliable!

I do not use them, but the quote from below is from this site,

EURUSD Technical Outlook - Forex Trading, Currency Forecast, FX Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebook, Learn to Trade Forex, FX Guide, Pivot Points, Currency Rates, Forex Secret, Forex Brokers, Currency Trad

In the bigger picture, as discussed before, the strength of the fall from 1.6038 reinforces the case that whole decline from 1.6038 is developing into a five wave impulsive fall with first wave completed at 1.3881, second at 1.4867, third at 1.2329. Consolidation from 1.2329 might represent the fourth wave consolidation.

Also GBLILLEYUSMC was using them at one time, see below.

http://forums.babypips.com/newbie-island/16578-elliott-wave-principle.html

This says it all regarding the difficulty I’m having identifying ‘classic’ Elliot Wave Patterns in currency pairs:

http://forums.babypips.com/newbie-island/16578-elliott-wave-principle.html

Seems there is still hope though. I’m just going to print out the patterns at the end and put them on my wall and let them burn into my head. :slight_smile:

But maybe if the probability of the the Daily and Weekly outlooks at websites like actionforex.com are somewhat reliable, then I won’t have to worry about identifying patterns?

Acutally I meant, this article (link posted in that thread I referenced) says it all:

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