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Today and yesterday on GBPCHF

Yesterday I took a trade on GBPCHF on H4 and H1. I took a H1 trade which triggered earlier than the photo below and close at the FE 62. This is Fib Expansion.  The idea was that since we had seen the third wave, ie.e peak of AO to the left we should have been expecting a Fifth. Now the fifth can be predicted and if you pull the FE tool it will give you the TZ i.e Target Zone between which a fifth wave usually ends. Of course to further confirm it we use divergence on AO. But remember that divergence will be shown only with appropriate number of bars on the AO. To be able to correctly count the waves you need between 100-140 bars. Bill Williams stresses on this, that we do not trade Elliott  Wave, that, it is an opinion and its there to give us confidence. I'd also add that its great fun to see the market unfold as expected.  So the following was taken and TP set at FE 62. I took my H1 trade off at 62 but on H4 I closed most of my position(closing half is unusual for me, because I absolutely dont like closing half)  but I let the a tiny bit run but also put TP at the second FE 100 level. This time it worked perfectly.


Happy with this and loving it! I am so grateful to Bill Williams, Chaos, the Universe and the Lord of the Universe for keeping me guided and concious. I am grateful for all my friends with whom I trade and chat everyday. Thank you every one. I am open to comments and suggestions and if anyone needs help and wants to learn how to trade this very simple setup know it that I'm just a click away. cheers

Setup 2 Entry - Open Alligator
H4 looked like this but H1 shows the divergence, which confirms fifth wave
Setup 1 Entry - Sleeping Alligator
H1 looked like so, a perfect saddle point setup. I was watching it I might have exited 1.5100.

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