XAGUSD 1H (SILVER)

XAUUSD (GOLD)... price is in a correction that's why am not biased in any direction . For nows cal trades only

Remember your trading day should begin at 00;00 newyork time . This is the best timezone to feel the formation of each wave

For those trading lower timeframes what do you think is next here

This is a great learning lessons for those who truly want to learn elliottwave ..think before casting you vote

NOTE ; never 100% think the trend has ended because no one knows when the trend is ending , your are allowed to make assumption and those assumption has to be validated by price itself . So when the market is bullish alway treat it as bullish market until when price fail to make higher highs and it starts making a lower low . This is the building foundation of any successful strategy . And you can even prove this yourself look at your trading history you will find that most losses and huge once come from you trading a counter trend .using waves we make these assumption using numbers and letters and you may be accurate in few times but this is not sustainable in the long run, that's why the most profitable waves are wave 3 wave 5 and wave C all which come form the idea of continuation and wave A wave B and WAVE 1 has statistically been the waves that gets more wave trader on losses. Don't take my word for it look at your charts you will see this yourself

Build your strategy trading the continuation waves , wave 3 wave 5 and wave C . For example you have wave 1 whenever price corrects wave 2 and it starts making highs in a direction of wave 3 then you buy , or after wave 3 wait for correction wave 4 to form then buy wave 5 . Or after wave b trade wave C . Pick one have a 3.3 rr take profit , test this strategy for 3 month you I guarantee you will pass any prop-firm challenge . I have seen it work I have students that are funded right now .. again don't take my word for it go and test one of these by urself

If you need guidance whenever you have problems on these strategy I propose text me I will help for free @mwakasole

Using what you have learnt today . I have a quiz ... look at XAUUSD . FIND a trading opportunity .( DO NOT TRADE WITH LIVE FUNDS JUST USE DEMO , I)I will share all opportunities that are present . Remember you won't learn if you wait for me to do all the work you have to do the work your self and see it .

AUDUSD 4H .. watch how this trend which is a perfect bullish , now as per our yesterdays discussion am suggesting the trend will change but that doesn't meant price will change but my analysis led me to believe that will be the case and I might look for selling opportunities but the risk are extremely high the best trade will be selling for wave C

NZDUSD 1H... there should be another bullish push to finalize wave 5 of wave (5)

Lets look at yesterdays ideas and see what was wrong and what changes ...first the vote was even 50 % said they are bullish and 50% said their bearish . Its not about who is right and who is wrong is about what was your idea going forward .as I said the trend is bullish until price stop making higher highs and start making lower lows and the the first thing you could see the first ideas is in lower timeframe

EURUSD 15 MIN

So if we were look for selling if price is making lower lows

XAUUSD (GOLD) ...agins if we were to look for selling opportunities it would be on wave (c)

Go back to what we were discussing yesterday , if you have any problem come and ask for free I will explain . DO NOT ASK ME FOR SIGNALS I WILL NOT ASNWER ... come and ask me anything about elliotwave and how the strategy will fit your trading style . @mwakasole