david311278

if entering on 4 hour or 1 hour using macd and rsi this it what i believe you should be looking for -- a knowledge of elliott wave is needed --- the target tp 1 would have been the previous low or end of a wave marked with blue line.. for further tp you would have to do a more in depth analysis. there would have been set ups on other usd pairs at the same time ...

looks like Aud may be heading to break a previous top @ 1.1475 ish - keep buying the pull backs for now

I was trying to count this as 5 waves -- but it appears to be in 3`s -- I am trying to improve my elliott wave analysis - because I want to forecast targets more easily. I dont think its impulsive (5) but I do think it is motive in 3 wave advance. I hope to get better at visualising wxy wxyxz and try not to count everything 5-3. I got a lot to learn either way

I am currently trying to teach myself more Elliott wave corrections - The trade tool is there to show where I would enter and exit the trade and be out the trade if wrong - believing it to be a double 3. It is for my own reference please do not take it as a valid setup that I would normally use - For my education only...

If you use the dxy to spot easy set ups you can get a trade on the majors -- pick the one that looks most promising (not all of them incase you are wrong - best to be wrong once than 2-3-4 times) split your trade over 2 pairs or split it on one --- take some early pips to the next obvious level then let the other ride if you are trading off of daily levels that`s ...

Buy set ups using basic elliott wave counts and RSI pattern as confirmation - Small SL if wrong Just reverse for bearish set ups

Possible elliott count - C wave I will let it fall and make a 1 hour flag before deciding whether to sell or not. If it makes another flag for a buy I will buy again.

Possible double zigzag - Same formation also on GOLD For my own reference

Possible elliott count

Look for break of low

Looks like break the top before correction.

Possible Elliott count -- In wave 5 of wave 5 -- Be cautious of longs till you see a correction.

ABC correction

Today`s buy on this pair -- Pair in uptrend waiting for pull backs --- how to know when pull back complete ( i didnt use fib levels) Wave count on RSI Any red blip on macd is a buy signal in the uptrending market. Then we need to see a 123 or abc wave count on lower degree or time frame for entry - Price action (candles) or RSI can be used or a combination. we ...

Another daily pullback bottom in uptrend - buy daily price look like rounding off --- buy signal macd (red blip) go to 4 hour -- macd red blips converging with price --- clear elliot wave counts (hit bottom 123 up with retacement see RSI for counts --- RSI on reteacement to same price was weaker giving another buy signal) 2 hour entry -- DB RSI with 123 count ...

Daily pullback Look for red blip macd to buy then go to 4 hour look for convergence (red blips meeting the price or moving towards 0 line on 4 hour) and RSI to level out or rise. enter on 1-2 hour price will look like its rounding at the bottom --- daily a clear abc is visible on price chart but not on RSI

Monthly buy signal on macd (modified) RSI rising and used for wave counts patterns not overbought or oversold Weekly buy signal on macd -- RSI buy signal (retracement of wave 1(a)) Daily buy signal macd (red blip ) with clear 123 wave count on RSI + clear 123 wave count on price action. If you delve down deeper entry can be tightened to minimal SL The ...

for my own reference