TRade closed at +4 pips :rolleyes:
Well the kiss and good bye technique works, I was able to close the trade at +7 pips.
Huge gap on the sunday open to the upside and we have a new potential D higher at the 78.6% XA 161.8% CD. 0.9041ish. I’m not sure about this but yeah it could be reached.
Almost missed this trade! Thank God for mobile platforms ;), You can check on the previous aud/usd chart, a higher D was spotted and reached a few hours ago. Currently at breakeven and possibly forming a swing high which could be good to trail the stop with a profit.
Let’s see how it goes.
Some other patterns are being formed in other pairs, but too soon to post them. If they develop more I’ll post them.
Have a profitable week 
nice work mate, i missed entry on this one by 2 pips haha. such is life.
Lol stopped out at breakeven. !
I know what compensates the few winners with this method is that winners are BIG winners.
But also I need to rethink what the market is telling me. Probably I’m trading against the main trend and I really need to be looking for long trades.
That’s the beauty of Elliot Wave and fibonacci.
Even though It looks like I haven’t been trading with the trend, fibonacci convergences and market timing had allowed me to preserve capital.
With this trade I didn’t collect a few pips because my entry was a little below the D point, so I needed to give the maximum room possible for price to breath. So just breakeven. 
Well I lost this one! And really quick. Well as Modo said, such is life.
No damaged emotions here, this is part of trading.
Have a great day!
This is a set up that I’m liking very much at the moment.
Watch for a possible higher D, but so far the first one is really good, plenty of other convergences at that point. Let’s see how it develops.
Price reacted nicely to the convergence. Currently at breakeven. I entered a little early and spread is wide, so I’m going to wait for a swing high (if it’s formed) to trail my stop. 
Price is about to reach the 23% AD fib level so it probably will find resistance there, but hope that not for much time.
Hello, i dont remember 1.18 being a fibonnacci number can you tell me where it comes from pls?
ty
Good question, honestly I don’t know, lol, but I know it works and that it’s important.
I’ll google it and let you know later.
From a quick math it’s the 50% projection of the 78.6 fib level, but that doesn’t answer why or if the calculation is valid.
So let me search it and I’ll try to answer your question.
Great trade man, nice work! Just reward for the patience and discipline you have shown over the last week.
Thanks man! Still waiting for the final outcome.
I was waiting for anyone to post one of the chats I trade, so as I can post my 2 cent EW. It is not my original analysis, I could post the AF url but we all know I wont, you goggle it, the one with the Pretcher stuff. There’s a book in there by Pretcher & Co. a must read EW resource. I follow analysis on five or so pairs, and it’s usually spot-on. They give up to D1 frame analysis, from there we will be on our own, our challenge is to sketchily name wave degree below minor and minute on H4, and sometimes H1, frames.
I promise to do only the five charts I have then I’m out, wont take much space/time, Mr. mayor of thread please bear with me? I hope I’m helping somewhat?
I’ll start with the most detailed, G$. Then E$, GY, EY & $Y. I copy the EW wave count for MN1 timeframe onto my chart, the pieces will be visible on all frames. I then go to D1 frame and fill in the more current, lesser degree wave count, elements visible only on D1 frame and below. If I plane more on H4, those too are visible there and below. The G$ charts from MN1 down placed below, or see site (absolutely not mine) for bigger timespan, may take you three hours of clicking around, but once you have it on MT4, always save C:\mt4\profiles folder and you’ll have it forever. So long as we can fibo our way around and know when a wave ends, and when we are in a motive or corrective wave, then we’re set. It’s not at all complicated especially in that book (incomplete free version, chap 10 out of like 60), but it seems I have a lot to learn about fibs.
0100gmt/030310: Were currently at the unfolding of primary wave {C} with circle, intermediate/minor (5) wave three short-term correction – but that is not important. Jus Took-Profit on a small long position on that H4 correction. Figuring to catch wave five start on tomorrow London break/rush?
Now, How does one exit half a position on MT4 using a pending TP?
Thanks Chizzenpips,
It would be great if you keep posting counts.
Definitely the basis of this method, and an area in which I’m a total newbie.
As I said in the first post, contributors are welcome and it’s going to definitely improve the quality of the set ups and the number of them.
I’m trying to learn more of Ew, but I’m not having much time these days.
I was following the counts of some experts over FF, and I was surprised at the accuracy level they achieve.
Fibonaccis give you a great advantage to spot the end of a correction, a narrow one, and if you have some questions about them don’t hesitate to ask.
I’ll try to be more specific myself about my counts, but definitely I need to jump from the very basics.
I’m liking the cable. Waiting for a set up to short it. Not a set up yet, but probably it will develop in the next few hours.
Regarding the Mt4 pending order, I don’t use it, so probably other readers could help us with this.
Cad/jpy currently on congestion, I’ll be looking to trail the stop in case a breakout occurs to the long side.
Chizzenpips,
Looks to me like the opportunity to short cable has already passed. If that’s the case there was no quality set up for me, not in time, and this is what I found. What do you think?
Hi ,I used read your postings in the thread ‘30 Pips A day Keeps the your money at bay’ and learned from your questions …By starting this thread you are returning back to this community whatever you taken(learned),Excellent …Sure this thread(your postings) will improve everyone’s skills specially like me newbies.
THANKS LOT!
-ALTOFX
No it isn’t late yet - maybe too early. First, any 12345 motive wave has a base channel, (trendline joining start of 1 & end of two, and a parallel placed at end1/start 2), an acceleration channel (base channel wave three lesser degree) and a deceleration channel (abc wave 4, line joining start a and end b, and parallel at end a/start b). This is best illustrated in drawing. We are at a deceleration channel for acceleration wave (3), and point 4 tends to touch the upper green line for acceleration channel, which it hasn’t yet. Makes you see the different fractals clearer.
Secondly, if our current deceleration/correction iv of wave (3) is correct, then it has to complete a 5-wave C ‘. We’d know current minuette wave C ‘ is over when price closes below the last swing-low(s) six or eight H4 candles back. Also, the completion of (3) calls for a wave 5 which might end at 1.4780 (161.8% projection of (1) lower target) or 1.4300 (200% proj, higher target), so we can afford to wait for more confirmation.
Lastly, you’d know its time to jump in if at any day’s 0800-0930gmt ‘London-Breakout/open’ or 1300-/1500-1645gmt “London-Rush’ volume(s), especially Wed, Thu & Fri, closes up a candle pattern like IB, or skips an s+r in your direction, or those hairy H1 wicks looking away, and it’s only that simple in theory! This is quite visible on H1 frame (see the volumes peaks how they clearly outline three different sessions peaks), but in the longer-run, I win big then loose back winnings every time I trade it, looking at the blackboard with a magnifying lens, though the urge is irresistible, stick to H4, EW is longer term. H4 price action is more dependable. But that’s me, and I ain’t perfect yet.
E$ coming right up. You’ve got to print that book and chew it.
