one question - Why 90 % of you are calling for 5w structure from june ? in w3 there is no divergence, here w2 was made in 5 days and w4 in 2 months (if it's ended). Do you really think like this ?

I went back for the month of November and checked every post. There is not one post here in the last month that comes even close to your claim of 90% calling 5 wave structure from June. Some indicate they may be expecting a 5 wave structure but, so what? They have time to change their position.

In keeping with our intent to make this a place where people can share ideas and pursue their desire to learn by posting their charts free of fear of ridicule, I ask that you review the FXCM rules and add the following to your list of posting values;

We treat others, as we would like to be treated ourselves. We do not tolerate abusive or disrespectful treatment. Ruthlessness, callousness and arrogance don't belong here.

I personally, find your last question insulting to the community and ask that you refrain from making such posts in the future. Thanks in advance for your cooperation.

Here is a high probability trade set up in the GBP$. In this setup we have a breakout and two probable targets confirmed. Using Elliott, C=A we get 1.6357. Using the breakout principle, we get 1.6329 as a probable minimum target.

I was looking at 1.2938 but anyways my count has been proven wrong.

I think you are in the right area. I think the move up is clearly a series of 3's but I have looked at two options. 1) Diagonal - in this case wave 1 is the longest wave but, wave 2 is not deep enough. However, the lines do converge. 2) Running triangle - this one can be eliminated because of the wave A is too deep and complex thus wave B did not exceed the length of wave A by quite enough. So, I am going diagonal in either a wave 5 or wave A of C. If it is a Wave A of C then Wave (C) should move to about 1.3226. This will probably complete a long term WXY move and possibly wave E along with the GBP$.

There is another possibility here, that may extend to the 1.3600 to 1.3700 area. In any event, my initial time targets are 1-03 to 1-07-13.

I think you are in the right area. I think the move up is clearly a series of 3's but I have looked at two options. 1) Diagonal - in this case wave 1 is the longest wave but, wave 2 is not deep enough. However, the lines do converge. 2) Running triangle - this one can be eliminated because of the wave A is too deep and complex thus wave B did not exceed the length of wave A by quite enough. So, I am going diagonal in either a wave 5 or wave A of C. If it is a Wave A of C then Wave (C) should move to about 1.3226. This will probably complete a long term WXY move and possibly wave E along with the GBP$.

There is another possibility here, that may extend to the 1.3600 to 1.3700 area. In any event, my initial time targets are 1-03 to 1-07-13.

Good Luck.

Just noticed that I did not put wave 5 targets. If it is a wave 5, I look for about .62% fib .618 of the entire move wave 1-3. In this case, price should come in about1.3093+/-.

Here is an update on the Eur$ chart. Target met. In my view can be counted as either aWXY in red or impulse. My preference is impulse because all rules are met. I expect a reversal around Dec 13th.

I just finished part of my analysis of what I believed to be a completed wave and from a time standpoint the indication is the entire move was corrective or a series of 3's. From a time standpoint, w took 7 days and is an a-b-c; the x following is simple and took less than 1 day to complete; Y and Z were 6 day moves and can be subdivided into 3's.

I use fib analysis and watch ratios 94.1 and 88.6%. Measuring from the top of the initial move, the price of the w-x-y move up came in just shy of 88.6 but, when measured from the secondary top, price turned right at the 94.1% ratio.

Possibilities: Bullish, Wave a of A of (C) of E. Bearish, wave b of B of (B); Wave 2 or x of 5 or w-x-y. What do you think? I'll post a chart later.

We have some interesting patterns forming today. In the Gbp$, the pattern on the one hour chart appears to be a H&S top. If it is a measured target would be in the 1.6050 area. With the likely completion of Wave A, a deeper decline can be expected into the 61.8 fib area.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.