EWO System (Concept)
This is my another system which | 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 | trade last week till now. It is an
explanation on how I trade.
MT4 into advanced GET to do
), do not really need to do
Usually, before london session open, I will always export data out from
analysis. Of cos now, | have Loopyno 2 indicator (EW Monitor & Oscillat
this, But, It already become a habit for me to do this.
Also, It much neater to watch from Advanced GET Softw
& target inside. So I did make use of that to reach my 10
re. Also, there is the Elliott Wave counting
pips targ
Usually, you will see my post it here in this thread or blogs.
Of cos | will start analyse from Daily Chart, follow by H4 Chart, Ht & M15,
Reason is because | need to see the whole picture. I need to know what is my thread for that day, to
buy only or sell only.
Step2
Once | have confirm my target, | will then proceed to use MT4 Indicators (EW Monitor, Oscillator)
thing, I will always start from Daily chart again
For example, | already determine my trend is towards short.
The current bar is longer than my previous bar for shorting in this case as in below pi
H4 EWO
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H1 EWo
rmcneni
But looking at if you look at H1, you will see that EWO is on the way going up while Just now, you seg
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 exampll
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 Elliol
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 | say | will ent
short when I see H1 changes it direction towards short. So I will wait until when I see my oscillator
come red colour or my EW monitor Say Down in Ht
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Chankt78
FlectroFX Pure Price Ac’ ‘The Truth About MA--.)—_ElectroFX Pure Price Ac
kashour 2010.05.17 00:16 #1192
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 AG.
this is Kill56
its working now
Elliot Wave Indicators Harmonic Trading Discussion of article
chankl78 2010.05.17 05:39 #1193
kashour:
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
206
this is kill56
its working now
Great, good to know it is working now.
Smile
Chanki78
chankl78 2010.05.17 09:32 #1194
GBPUSD 17th May 2010
Ok... This is my guess today. Trade at your own risk.
Wahah..
Daily Chart
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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
ba
‘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.
| feel this could be the last wave down.. | feel... But I do not know.. So please do not follow blindly.
Ht Chart
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Gidiiieiil
ay ir ogy Ta zl
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 | 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
Chankt78
Simplistic Trading System Shi-channel trades The Indicators whi
chankI78_ 2010.05.17 10:59 #1195
EURUSD 17th May 2010
Here is my guess today. Trade at your own risk.
Ialso see the downside in this pair.
Daily Chart
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e
Looking at EWO, Think it will continue to goes down. But, if it going to retrace, 1.30 might be th
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
Iwill be watching this EWO also. | saw some bullish divergence forming in this Chart. But until it
confirm... | will still short.
Ht Chart
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au sy ue ui =
‘Maybe we could see 1.22 before going up.. Who knows... This is forex. Wahaha. EWO Is continue to
goes down here.
‘M15 Chart
att
EWO in this chart is going up.. So | 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
CatFx50 OneDailyTrade EA Advanced trac
BBM chank'78 2010.05.17 11:26 #1196
This website uses cookies. Learn more about our Cookies Policy.Wahahhaa.
And yes... | cannot control my GREED.
i already Long GU. Now waiting to set breakeven.
Good luck to me.
smite
Chanki78
i Download MetaTrader 5 to
= Need more analytical access 38 technical indicators
tools? and 44 analytical tools
chankl78 2010.05.17 14:38 #1197
Waahhaha... Already make +0pips in GU.
11am basing on M15 EWO only... if it is on the way up to zero level, | just whack a buy inside
It works for this moment.
| think M15 can be very interesting cos can see whether a new trend develop or not... Even until now,
it is still going up.
M
5 Chart
Ht Chart
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ra)
ce
ce
ns
cra
Down
Era
So except for H4 EWO, H1 & M15 is still going up. So most likely, it is a retrace... So | think when My
EWO signal changes to go down, It will be the final wave already.
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. | would not be surprised, EW monitor will be changing
all to "Up" by New York Session.
T would also n
main trend is,
tbe surprised by New York time, it will be coming down again.. Wahat
il down
Cos the
Smite
Chank\78
Rads Reverse MTF HAS What Indicators Would stella’. think you.
This website uses cookies. Learn more about our Cookies Policy.Hm Somehow, | 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, | cannot confirm until 1 or 2 days
later.
Daily Chart
ea a
EWO is down in here. So that’s means it still could goes down... But, | not that convinced that it can
goes down as it is forming a pinbar now. Also I see Bullish Divergence.
H4 Chart
his is a down \k at the EWO. Bullish Divergence is also can be seen here.. So because
2 charts, | feel Wave 5 had ended.. forming the ABC wave now.
Ht Chart
This website uses cookies. Learn more about our Cookies Policy.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.
Smite
Chankt78
CalFx50 MT4-Eliott Wave Trading TUNNEL EA te
chankl78 2010.05.17 22:58 #1199
Trades 17th May 2010
W 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
206 9,00 0.00 10.00
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& VPS _ Trade non-stop with MetaTrader VPS
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 ghpusd 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, | have no time to trade. So only can be like this. | am right that it will
goes up.. But, | am wrong that it will come down today...
But, | did say that | will wait for M15 EWO to come down... before selling... It did... but, | am not at
home to trade.
Smile
Chankt78
BrainSystem: Trading System Develop __‘FiboPivotandRS|_ PREDICT time period
kashour 2010.05.18 07:45 #1200
sh cable
hey tsar
what u doing here bro
a3 | ana) [ ats || ate |) 117 | ate || 19 |) 420 || aan |) 422 |) 123 || 124 |) 125)
Your strategies will run consistently 24/7 with the best execution
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