GBPJPY
Lord Forex
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Elliott Wave Trading by Ayax 2,105 replies
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Group Trading based on Elliott wave and Harmonics 0 replies
Elliotters..Elliott Wave Trading 9 replies
Dislikedskyhok, Ref.: Wave count of EURUSD - 1h in post #8645: You are still confronting all elliotticians who use the original rules of the Elliott Wave Theory: An interaction of wave "i" and "iv" must be changed to a "corrective" count. Are your rules called "skyhok Elliott Wave Special" ? SixerIgnored
Disliked{quote} You are right that the count from 29 June top is corrective, being a 5 waves 3-3-3-3-3 wave (c) blue. There's nothing confrontative about it, just a development from traditional Elliott wave 3-3-5 (a)-(b)-(c) corrective pattern. Except that this wave iv blue correction is a running correction with a retracing wave (b), according to ** 'New Elliott Rule'. And it's working fine. **http://newelliottwaverule.org/ {image}Ignored
DislikedEURUSD H1 Wave b orange done. Now resume medium-term trend down on c towards 1.1290. Looking for setup on retracement. {image}Ignored
Disliked{quote} Hi skyhok, I know you following new EW rules In Every 5th Wave and in Every C Wave, the 4th Wave WILL have a B Wave which will set New Trend Price Territory. ------------------------------------------- At least on previous posts many of C is expanding diagonal - regarless of wave degree May be i'm wrong , but it seems feature of motive wave C is often ED and it seldom appears impulse ,isnt it? TnxIgnored
Disliked{quote} You are right that the count from 29 June top is corrective, being a 5 waves 3-3-3-3-3 wave (c) blue. There's nothing confrontative about it, just a development from traditional Elliott Wave 3-3-5 (a)-(b)-(c) corrective pattern. Except that this wave iv blue correction is a running correction with a retracing wave (b), according to ** 'New Elliott Wave Rule'. And it's working fine. **http://newelliottwaverule.org/ {image} Do not be limited by rules, but explore & use EW guidelines that help you find entry points, target points,...Ignored
Disliked{quote} C waves are 5 waves either: 1. impulse waves or 2. ending diagonals. While ending diagonals can be either: 1. converging (wedge) or 2. expanding Not so much of my preferred way of always counting wave C as expanding ED. It's when one encounter a SHORT CORRECTIVE wave 1 after the completion of a wave B, an impulse wave would NOT be expected, but most likely, the developing of an expanding diagonal wave C. If it's a relatively long corrective wave 1 ......... a converging diagonal. {image}Ignored