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Elliott Wave Trading

  • #8,681
  • Aug 4, 2017 9:08pm Aug 4, 2017 9:08pm
Quoting sdcasper
Here is the chart I posted yesterday. The two red arrows are both my entries, of course price continued bullish until it finally dropped approx. 100 pips to my little "v?" icon. Instead of one nice sizeable win, I have two losses and a missed opportunity. In terms of Elliot Wave counts, what canI do to increase my odds and avoid entries that are pre-mature. Maybe upcoming news played a role. Any feedback? Thank you. {image}
Just a possibility:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30 5Aug17.png Size: 53 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,682
  • Aug 5, 2017 8:49am Aug 5, 2017 8:49am
Quoting skyhok
{quote} From your chart, you're using Harmonic EW which count all waves as threes, very different from EW. No comments on that, since I don't use it.

funny answer in the end - you do not use the oroiginal EW, too
  • #8,683
  • Aug 5, 2017 8:53am Aug 5, 2017 8:53am
Quoting Sixer
skyhok, i don`t use Harmonic EW - i have counted wave "c" of wave "W" as Ending Diagonal. Wave "W" is the 1st part of wave "IV" Sixer Edit: The Dollar-Index comfirmes the EURUSD considerations. Both elliott counts use the Delta cycle counts for different times frames. {image} {image}

Hi Sixer,

an ending diagonal needs a wave 1 / wave 4 overlap

there is no overlap on your chart.

That made Skyhok belief that you were using Harmonic EW
  • #8,684
  • Edited 9:01pm Aug 5, 2017 8:49pm | Edited 9:01pm
Quoting infinitus
{quote} funny answer in the end - you do not use the oroiginal EW, too
Yes, thank you for the commentary.

I don't just use the original Elliott Wave guidelines which was developed more than half a century ago.

Since then, there are many useful guidelines developed by various Elliotticians whom I appreciate and accepted them with open mind.
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,685
  • Aug 5, 2017 11:59pm Aug 5, 2017 11:59pm
Please don`t start a discussion which elliott rules has to be changed and so on, etc.

If it is not possible to find a correct outlook what will be next without changing the count after the next move than you should consider other theories to "catch" the market.

Sixer
  • #8,686
  • Edited Aug 7, 2017 2:18am Aug 6, 2017 7:48pm | Edited Aug 7, 2017 2:18am
Thank God! there's a thread in FF which is open for discussion about 'Elliott Wave' and 'trading', anything concerning about these things are welcomed.
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,687
  • Edited 9:52am Aug 7, 2017 9:40am | Edited 9:52am
Hello traders,
Elliot, Neely, Elliotwave-forecast.com...no doubt they are great authors.

But no one produce statstical proofs of their tradings. It's out of subject on their books!

It looks like they've stopped elliotwave concept at artistic designs level ...

Do you ever read any studies about statistical evidence of elliot waves accuracy ?

Tnx
  • #8,688
  • Aug 7, 2017 10:44am Aug 7, 2017 10:44am
paulselvan : Anil Mangal ... google
There are many wise people, but only a few of them are rich.
  • #8,689
  • Aug 7, 2017 11:11am Aug 7, 2017 11:11am
paulselvan,

search for "Rich Swannell" stuff if want to get information about statistical evidence of elliott wave accuracy.
Anil Mangal stuff will not bring any usable information with regard this.

Sixer
  • #8,690
  • Edited 8:06pm Aug 8, 2017 7:49pm | Edited 8:06pm
Quoting skyhok
{quote} Just a possibility: {image}
Exit shorts here near target, expecting sizable retrace
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30 9Aug17.png Size: 55 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,691
  • Aug 9, 2017 11:35am Aug 9, 2017 11:35am
Hello people.
Lord Forex
  • #8,692
  • Aug 15, 2017 11:23am Aug 15, 2017 11:23am
AUDUSD on expanding ranges - looking for longs near 0.7790 on wave 4 of ending diagonal c
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 15Aug17.png Size: 52 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,693
  • Aug 15, 2017 12:40pm Aug 15, 2017 12:40pm
Quoting skyhok
AUDUSD on expanding ranges - looking for longs near 0.7790 on wave 4 of ending diagonal c {image}
Great.. me too. similar target for long..
  • #8,694
  • Aug 17, 2017 8:35pm Aug 17, 2017 8:35pm
AUDUSD H1 retracing wave b of a corrective advance a-b-c towards 0.8000
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 18Aug17.png Size: 69 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,695
  • Aug 18, 2017 2:28pm Aug 18, 2017 2:28pm
Quoting skyhok
AUDUSD on expanding ranges - looking for longs near 0.7790 on wave 4 of ending diagonal c {image}
hi skyhok,

Can you post an updated EURUSD chart? Thanks.
  • #8,696
  • Aug 21, 2017 7:22pm Aug 21, 2017 7:22pm
Quoting Hops
paulselvan : Anil Mangal ... google
I followed this guy before, he seems to be pretty good but then again he seems like a scam sometimes. I used to follow him on tradingview and he was banned about a month ago. Idk why but they don't do that unless your trying to run something. I'd say he was atleast 50 to 60% right on all his calls though.
Gentlemen always play by the rules, if they can't, they change them.
  • #8,697
  • Edited 9:02pm Aug 28, 2017 8:33pm | Edited 9:02pm
Quoting skyhok
AUDUSD H1 retracing wave b of a corrective advance a-b-c towards 0.8000 {image}
Now forming the 5 waves ending diagonal wave c of a-b-c (3-3-5) advance, target 0.8000 still hold.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 29AUg17.png Size: 71 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,698
  • Aug 31, 2017 1:02am Aug 31, 2017 1:02am
Holding CAD/JPY sell on at 87.75
SL-88.20
TP-86.80
Now waiting for another movie to buy at 86.70 TP-87.70 SL - 86.40
Today waiting for two angle up and down . lets see what happen
  • #8,699
  • Aug 31, 2017 8:12am Aug 31, 2017 8:12am
Quoting skyhok
{quote} Now forming the 5 waves ending diagonal wave c of a-b-c (3-3-5) advance, target 0.8000 still hold. {image}
Aussie Dollar topped near 0.8000 as expected and turned around fast. Now on an a-b-c corrective decline wave (v) towards 0.7800s
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 31AUg17.png Size: 101 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #8,700
  • Sep 16, 2017 12:46pm Sep 16, 2017 12:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.gif Size: 80 KB


Textbook w4 retracement, look at the time targets for the end of wc of w 4 the software produced.
Thatīs between the next 2 Mondays
Price is marked..
Will it play out?
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