My Forex Prediction using Advanced GET - page 120
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EWO System (Concept)
This is my another system which I am trading now using the indicator by Loopyno. Actually, I do not know if i consider this a system or not. Anyway, this is how I trade last week till now. It is an explanation on how I trade.
Step 1
Usually, before london session open, I will always export data out from MT4 into advanced GET to do analysis. Of cos now, I have Loopyno 2 indicator (EW Monitor & Oscillator), I do not really need to do this. But, It already become a habit for me to do this.
Also, It much neater to watch from Advanced GET Software. Also, there is the Elliott Wave counting & target inside. So I did make use of that to reach my 100pips target.
Usually, you will see my post it here in this thread or blogs.
Of cos I will start analyse from Daily Chart, follow by H4 Chart, H1 & M15.
Reason is because I need to see the whole picture. I need to know what is my thread for that day, to buy only or sell only.
Step 2
Once I have confirm my target, I will then proceed to use MT4 Indicators (EW Monitor, Oscillator).
Same thing, I will always start from Daily chart again
For example, I already determine my trend is towards short.
The current bar is longer than my previous bar for shorting in this case as in below picture.
H4 EWO
Looking at it, can you see that the bar is getting longer and longer then previous.
H1 EWO
But looking at if you look at H1, you will see that EWO is on the way going up while Just now, you see EWO is coming down. Isn't it contradicting each other?
No... In Elliott Wave, there is always wave within wave. Which is higher timeframe H4 for example has it own set of wave count, but within another lower timeframe H1, there is another set of timeframe.
So that's to say, the price will continue to goes up until it reach a certain level, according to Elliott Wave rules in H1 & then it will comes down again after it completed the wave count in H1.
So that's to say sometimes in my previous posting, that's the reason why I say when I say I will enter short when I see H1 changes it direction towards short. So I will wait until when I see my oscillator become red colour or my EW monitor Say Down in H1.
I will come out with the example tomolo. This is my concept on how I trade at this moment.
Hope you can understand.
Smile
Chankl78
sh cable
hey bro
i did install A G and i cant get the charts to come on A G i did get every thing right i can see all the list from mt4/files when i open a new chart but it dos not open in A G
this is kill56
its working now
hey bro
i did install A G and i cant get the charts to come on A G i did get every thing right i can see all the list from mt4/files when i open a new chart but it dos not open in A G
this is kill56
its working nowGreat, good to know it is working now.
Smile
Chankl78
GBPUSD 17th May 2010
Ok.. This is my guess today. Trade at your own risk.
Wahah...
Daily Chart
EWO is showing going down. It could have the target of 1.4000
But, please be careful of Bullish Divergence. Which might come into play soon.
Think the uptrend will be quite fast because it is displaying in Daily chart.
H4 Chart
Anyway, Looking at this H4 Chart, it will still be going down. 1.400 could be the target. But likewise, please do be careful as H4 chart also show some signs of Bullish divergence.
I feel this could be the last wave down.. I feel... But I do not know.. So please do not follow blindly.
H1 Chart
Looking at this EWO, It will be continuing to goes down.
M15 Chart
Looking at this chart, It is going up in the EWO. For those who are risk taker, you can long this pair. At your own risk. The target can be from 1.440 to 1.460.
For me, there is 2 ways I am going to trade this. a higher risk which is to long GU until the above target or watch out for this pair in this M15 timeframe & the short it once it changes it signal to Sell in EWO.
Enjoy today.
Smile
Chankl78
EURUSD 17th May 2010
Here is my guess today. Trade at your own risk.
I also see the downside in this pair.
Daily Chart
Looking at EWO, Think it will continue to goes down. But, if it going to retrace, 1.30 might be the target. Anyway, Just watch out.
And i think the counting is right. So this could be a wave 3 in daily. So anytime it will goes up to form wave 4.
H4 Chart
I will be watching this EWO also. I saw some bullish divergence forming in this Chart. But until it confirm... I will still short.
H1 Chart
Maybe we could see 1.22 before going up.. Who knows.. This is forex. Wahaha. EWO is continue to goes down here.
M15 Chart
EWO in this chart is going up.. So I will either wait until EWO changes it signal, or just long it if GREED take over me....
Trade at your own risk... Especially, now i do not know when it will retrace. Wahaha.
Smile
Chank78
I just love it when I am right about my direction.
Wahahhaa...
And yes... I cannot control my GREED....
i already Long GU. Now waiting to set breakeven.
Good luck to me.
Smile
Chankl78
Waahhaha... Already make +40pips in GU.
I am basing on M15 EWO only... if it is on the way up to zero level, I just whack a buy inside.
It works for this moment.
I think M15 can be very interesting cos can see whether a new trend develop or not... Even until now, it is still going up.....
M15 Chart
H1 Chart
H4 Chart
So except for H4 EWO, H1 & M15 is still going up. So most likely, it is a retrace... So I think when M15 EWO signal changes to go down, It will be the final wave already.
I think today, It will be continuing to goes up... So please be careful if short. If you look at H1 EWO as posted, there is so much room to zero level. I would not be surprised, EW monitor will be changing all to "Up" by New York Session.
I would also not be surprised by New York time, it will be coming down again.. Wahahha... Cos the main trend is still down.
Smile
Chankl78
Hmmm... Somehow, I feel, this is really feeling that... GU wave 5 is completed in D1. Now forming ABC in Daily.... So that's means... It is on the way going up.... But, I cannot confirm until 1 or 2 days later....
Daily Chart
EWO is down in here. So that's means it still could goes down... But, I not that convinced that it can goes down as it is forming a pinbar now. Also I see Bullish Divergence.
H4 Chart
This is a down trend too.. Look at the EWO. Bullish Divergence is also can be seen here.. So because if these 2 charts, I feel Wave 5 had ended.. forming the ABC wave now.
H1 Chart
EWO is going up in this Chart. So that's means it still going up... Not willing to come down yet....
M15 CHart
EWO is still up.... So that's means 1 more up wave up... before coming down to form the B.
Smile
Chankl78
Trades 17th May 2010
150695 2010.05.17 01:23 sell 0.05 eurusd 1.23365 1.23165 1.22365 2010.05.17 03:04 1.23165 -0.30 0.00 0.00 10.00
150927 2010.05.17 03:26 sell 0.05 eurusd 1.22792 1.22592 1.21792 2010.05.17 03:28 1.22618 -0.30 0.00 0.00 8.70
151009 2010.05.17 03:37 sell 0.05 eurusd 1.22493 1.22793 1.21493 2010.05.17 03:40 1.22614 -0.30 0.00 0.00 -6.05
151283 2010.05.17 07:06 buy 0.05 gbpusd 1.43739 1.43939 1.44739 2010.05.17 07:38 1.43939 -0.30 0.00 0.00 10.00
151403 2010.05.17 07:39 buy 0.05 gbpusd 1.44033 1.44233 1.45033 2010.05.17 08:07 1.44229 -0.30 0.00 0.00 9.80
153238 2010.05.17 18:02 buy 0.05 gbpusd 1.44240 1.44440 1.45240 2010.05.17 18:41 1.44440 -0.30 0.00 0.00 10.00
My trades for today.. Today, I have no time to trade. So only can be like this. I am right that it will goes up.. But, I am wrong that it will come down today...
But, I did say that I will wait for M15 EWO to come down... before selling.. It did... but, I am not at home to trade......
Smile
Chankl78
sh cable
hey tsar
what u doing here bro