tradingwizzard

close it here in 1.0355 for +30 as it failed the target by only 30 pips...

in your case here it seems that the time taken for the right shoulder is a bit bigger.....so might be something else.......let's say it is not the clearest example

just saying that the thread does not really good in my eyes as it shows self advertising if I may say so......am inches to delete it........make me proud and change the subject...or let it die by itself TW

make a poll with intervals as people may be more comfortable in just voting than answering TW

133.50 target reached for a nive +168 pips profit:cool:

here's a nice situation in which both price and time should be considered and basically the time element only comes to give you confirmation that the price target is valid this is happening in any wedge and the thing to consider is that after the 2-4 trend line of a wedge is broken, usually the fifty percent retracement of the whole wedge (just take a Fibo tool and find the level) is reached in less then the time taken for the whole wedge to form so just by taking 2 vertical lines and measuring the length of the wedge, projecting the time element on the right side and wait for the 50% retracement (Price) to be reached in that specific time you projected on the right side (Time) if target is not reached in that time, and the time expires, then you can consider closing the trade as the structure you looked at (the wedge) is not actually a wedge. attached there is a eurjpy chart as an example TW

looking good, looking good........staying for the final target

so scalpers lead so far........who picked Gann? TW

Trade nr. 12 Going LONG GBPUSD here in 1.5984 sl 1.5750 tp 1.6430 industrial production came lower than expectations in UK but this is a service based economy so impact on gdp would be most likely soft.........technicals still point to the upside as what we're seeing on the 4h chart might be only an irregular flat.........new highs to come

seems to work pretty nice, price above 0.98 now....parity here we come

probably yes....we all started from somewhere.....my idea is to see what people are trading here in TL to assess a bit the knowledge and then based on the results to open discussions on the main interest of the members

I just added a category with short-term ideas for scalps......so place your vote TW

indeed you are right.....I wanted to say it became a scalp... TW

here's the standing so far, not a pretty picture for October yet as the cadchf trade from early September got me a nice draw down:crap:

closing it here in 1.6083 for +44 pips profit.......booking profits as it was mainly a scalp

tp reached here for a nice +80 pips profit

closing it here in 0.9828 for +40 pips profit.....it just doesn't work, consolidates too much and scenario invalidated TW

just name them and I will add the possibilities in the poll TW

I voted with Elliott, as this is mostly what I look for TW

Hi there, I want to open this thread as I see different strategies and theories being explained on TL. Just out of curiosity, what do you trade? Based on your answers I will try to make some sort of classification and post the results here. Here are the options/possibilities I can think of: 1. Elliott; 2. Gann; 3. Taylor; 4. Whyckoff; 5. Garley; 6. Divergencies; 7. Point and Figure; 8. Drummond; Any other strategies or ideas would be considered as well. Now let's see which strategy defines your trading style best? TW

indeed your example looks nice.......however, I do have one thing to add: head and shoulders and inversed head and shoulders are reversal patterns and they tend to follow a bullish trend (in the case of the head and shoulders) or a bearish trend ( in the case of the inversed head and shoulders)......yours here........is a bit "fishy" from that point of view..... otherwise, everything seems to be respected TW

now this is what I call a pertinent answer....thank you

just as a thought, I am looking for euro to be stronger against commodity currencies in the short to medium term, especially against nzd - strong pattern there, previous expanding triangle on the daily chart followed by a potential double three running now

Trade nr. 11 Going LONG EURJPY here in 131.82 for 133.50 tp sl 131.00 leg of a triangle on the 4h chart

Trade nr. 10 Going LONG EURAUD here in 1.4402 for 1.4650 tp sl 1.4300 abc corrective wave expected