Thread: Harmonic Wave Journal

Hello,

This will become a journal of my own Elliott Wave practices. I'll try to keep in focus in analysis and my system and ultimately will strengthen my opinion to become a trader that is consistent. Currently it an ultimate battle tho.
Thanks to everyone in this forum for all aid and fun.

The main/primary purpose of this practice would be to ch the opportunity to trade the urge waves (1, 3, and 5) in a trend in a particular timeframe that I choose. Secondary opportunity arrives if there is a comparatively big corrective waves (4 and 2) worth to trade with in that particular timeframe.
Presently, I am using m30/h1 to get GBP/USD as primary pair to trade, followed closely by EUR/USD, USD/JPY, and GBP/JPY (seldom tho).

Opportunity #G53/07 (re-entry)
GBP/USD Long
4 parts
Entry: 2.0321
Cease (initial): 2.0271

End of subwave 2 of 3 (?) .

Update 1: S/L tightened to 2.0339 (guarantees -6). UK CPI news.
Update 2: Stopped out for -18. Re-entry at 2.0321, initial stop at 2.0271. S/L tightened to 2.0293 (guarantees -28).
Update 3: Took 1st profit at 2.0378 ( 57). S/L tightened to 2.0305 (-16).

Opportunity #E41/07
EUR/USD Long
3 parts
Entry: 1.4156
Stop (initial): 1.4116

End of miniature wave 2 of 5 (?) .

Update 1: Took 1st profit at 1.4194 ( 38). S/L tightened to 1.4150 (guarantees -6).

Just 1 trade thru this weekend, also in EUR/USD.
Short
4 components
Entry: 1.3438
Cease (initial): 1.3488

Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).

Cable has finished its subwave (orange) 5 up in 1.9823 this week, signaling the conclusion of wave (red) C up also. So far just 1st impulse wave has been shaped then, in a 5-wave top angled triangle pattern (currently labeled as subwave 1 or A down).
Subwave B or 2 up will follow next week, reunite this present fall.

Possible subwave B or 2 up retracement goals:
- 38.2 percent of subwave 1 or A (1.9823 - 1.9635) in 1.9707.
- 50 percent at 1.9729.
- 61.8 percent at 1.9751.
- 78.6 percent at 1.9783.

EUR/USD might have completed its wave (red) 5 up, ending its 5-wave sequence starting from 1.2876 before this season. However, this count has to be confirmed. EUR/USD falling below 1.3180 mark will further support this count. A rise over preceding multi-year high at 1.3442 will invalidate it.

No notable gap at the receptive scalp transactions of this week opened, sadly. Gaps are always high scalp opportunities on week beginning.
Good luck to everyone this week!

Opportunity #G1/ /07
GBP/USD Extended
2 parts
Entry: 1.9638
Cease (First): 1.9588

Subwave B or 2 up trade.

Congrats, u have started your diary, hope I could start my own diary too, possibly next month

good luck bro

Originally Posted by ;

congrats, u've begun your journal, hope I could start my own journal too, possibly next month

great luck bro

Thanks guy. If you're ready all the best to you also start it.

Now's recap:
Europe is still observing Easter. Cable keeps falling, although a week's collapse abit eUR/USD retraced. Perhaps my long commerce will get bombed earlier or later.
GBP/JPY did not rise today as expected, so cable lost its power also.
Tomorrow the quantity will probably be back to normal. Time to put some actions.