Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Elliot Wave Trading 1,827 replies

GBPCHF Buying Wave (V) Elliot Wave 0 replies

Elliot Wave for Short/Medium Term Traders? 14 replies

Elliot Wave Practice--post it here! 22 replies

Elliot Wave Counts in FOREX 1 reply

Attachments: Is this a correct Elliot wave evaluation?
Exit Attachments

Is this a correct Elliot wave evaluation?

  • Post #1
  • Quote
  • First Post: Apr 17, 2006 5:04pm Apr 17, 2006 5:04pm
I am trying to get a hold on Elliott waves. I think hands on is the way for me to go, so I took a screen shot of an analysis I did on a 240M chart of the EUR/USD and am looking for some feedback on it. Thanks in advance.
Attached Image
Hmmm.... basically you've got the right idea

http://img160.imageshack.us/img160/5601/8601fo.gif
So Liquid4x, What Gallery Is your work being shown at?



Quoting Liquid4x
Hmmm.... basically you've got the right idea

http://img160.imageshack.us/img160/5601/8601fo.gif
haha... very funny smjones... lol
OMG that meter was funny, but offensive, but funny.

Quoting Liquid4x
haha... very funny smjones... lol
Do you use Elliot wave to determine trading opportunities? Or do you use it as a sign post for the past and possible direction in the future?

I have never been able to get a handle on Elliot Theory. It just seems to subjective....

Thanks SMJ


Quoting jmichaelrush
I am trying to get a hold on Elliott waves. I think hands on is the way for me to go, so I took a screen shot of an analysis I did on a 240M chart of the EUR/USD and am looking for some feedback on it. Thanks in advance.
I have one other question. I am not much of an Elliot wave theorist, but isn't one of the main rules that wave 4 cannot retrace into wave 1?

SMJ
The 5th wave looks like it's longer than your 3rd wave... making it invalid.
You are right smjones.
This rule is true in non-overlapping patterns...
(overlapping patterns are corrective)
I thought the rule there was that wave 3 cannot be the shortest wave. It is ok for it to be shorter that wave 5 as long as it is longer than wave 1.

But again, I do not use Elliot wave...

SMJ


Quoting nitman
The 5th wave looks like it's longer than your 3rd wave... making it invalid.
  • Post #11
  • Quote
  • Last Post: Apr 18, 2006 11:52pm Apr 18, 2006 11:52pm
Just when I thought I was starting to understand them a little bit, the market throws a huge curveball.

In my previous picture I show (1. in the following picture) as being wave five(wave five is usually the most complex, right?). Well, if that is correct, then what is (2.)?
Attached Image
0 traders viewing now