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  • #41
  • Sep 29, 2006 4:34am Sep 29, 2006 4:34am
Quoting itme
Dear Oedipean,

By counting the components of the waves very carefully, one is able to tell where a likely end of the wave is. When the five waves are all accounted for, then the wave is complete. Also, by cataloguing the size of the waves in the past, the size of waves falls into a typical range. This helps to keep you in the right ballpark.

Trade Wave 3 until it has completed its five waves. You are correct in saying that the third wave is usually extended. So go from counting Wave one to Wave two within wave 3 and then count 3-1, 3-2, 3-3, 3-4, and 3-5. When you are counting 3-3, then make sure that you count all of its component waves also, as they are all played out individually. That way you will be able to catalogue every wavelet in Wave 3 properly.

The same method of counting holds true for all extended waves, whether one , three, or fifth waves.

When you are in the fifth wave of the third wave, then carefully count the component waves. When you are in the fifth wave of the fifth wave within the third wave, then go to a smaller timeframe and count the waves inside the fifth wave of the fifth wave. Continue until you have determined the end of the fifth wave of the fifth wave of the fifth wave. Then exit. The same applies to all waves, except that Wave B of Wave 4 is "abc".
thanks for your time and help. I always count subwaves for finding end of wave five . but not for finding end of 4 and end of 3.
but according to your usefull comment I will go to trade wave 5 and 4 from now by counting subwaves of wave 3 and 4c . thanks for help .


Best wishes .
  • #42
  • Sep 29, 2006 5:57am Sep 29, 2006 5:57am
eur/usd h1
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  • #43
  • Sep 29, 2006 6:16am Sep 29, 2006 6:16am
My best guess of EUR/USD wave count: I would place my 1 and 2 where you have no numbers, and 1.3 where you have 3, and 2.3 where you have 4. In my theory, we are experiencing 3.3 right now, which could travel quite far.
  • #44
  • Sep 29, 2006 6:52am Sep 29, 2006 6:52am
thanks itme .
I think your count is right but there is some points
1-wave 2 retracement is too small .
2-wave 3 is not strong enough

but there is nothing wrong with your count .
following pic show your count .
best wishes
Attached Image
  • #45
  • Sep 29, 2006 7:12am Sep 29, 2006 7:12am
Thanks for modifying your chart to test my hypothesis. The current wave is not finished, but I agree, Wave 2 seems too small. Therefore restore 1 and 2 to the original positions, but replace 3.3 where you originally placed the 3 and 4.3 for the place you put the 4. We are now in 5.3, and still going down. When 5.3 is complete, we will have a large complex retracement - Wave 4.

That seems like a very good wave count, overall.
  • #46
  • Sep 29, 2006 7:41am Sep 29, 2006 7:41am
yeah it seems ok.
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  • #47
  • Sep 29, 2006 4:44pm Sep 29, 2006 4:44pm
gbpusd 9-21-06
in trade at 1.9019
sl= 1.9119
tp=1.8330
up 290 pips
short eurcad 9-21-06
in trade at 1.4300
sl=1.4350
tp 1.4065
closed for 225 pips
short usdcad 9-20-06 2200short
in trade @ 1.1266
sl = 1.1280
tp= 1.1050
closed for +118


usdchf -65pips

9-21 06 9-11-06 buy gbpusd
in at 1.8683
tp 1.9057
hit target today +374 pips
total since start on 9-11-06
+513
I opened trades on the USACHF AND USAJPY both of these are in wave 5
on the USAJPY pair
9-27-06
in at 117.42
tp 115.40 or115.14 by elliot wave rules
my stop is 117.87
wrong count -45 pips

USACHF pair
9-27-06
in at 1.2432
tp is 1.2177
stop is 1.2492
wrong count - 60 pips

Opened usdcad today and closed for 20 pips will wait for better trade signal on Monday
profit pips 533 neg pips 170 pipshttp://www.forexfactory.com/forexfor...ons/icon12.gif
  • #48
  • Sep 29, 2006 4:49pm Sep 29, 2006 4:49pm
I have become a huge fan and am learning as you explain but where is your eur/usd numbers...
Enter Signature
  • #49
  • Sep 29, 2006 5:00pm Sep 29, 2006 5:00pm
EURUSD has been in wave C forever seems like LOL but its not really giving clear signal as to which way it will go. It has been kinda stalled at 100% mark of wave A looks like it is in mini wave 3 of bigger wave C tipically C is atleast 100% of wave A but could also go to 162% if it goes beyond 162% then recount your waves because you are probably in 3 or 5. E/U is not telling nothing yet could go down more or reverse and turn into wave 1. All of this is on the daily chart.http://www.forexfactory.com/forexfor...ons/icon12.gif
  • #50
  • Sep 29, 2006 10:41pm Sep 29, 2006 10:41pm
After very close evaluation of the gpbusd pair today. The pair has revealed that it is at the end of a 2 wave on the daily chart and we are getting ready to make major pips to the tune of 400 to 500 pips. I will be closing my position on Sunday eve. This has been reviewed on the daily chart. will post chart later Also usdcad does appear to be in wave 1 on the daily I will stay out until wave 3 up http://www.forexfactory.com/forexfor...ons/icon12.gif
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  • #51
  • Sep 30, 2006 1:12am Sep 30, 2006 1:12am
Quoting fixme1too
After very close evaluation of the gpbusd pair today. The pair has revealed that it is at the end of a 2 wave on the daily chart and we are getting ready to make major pips to the tune of 400 to 500 pips. I will be closing my position on Sunday eve. This has been reviewed on the daily chart. will post chart later Also usdcad does appear to be in wave 1 on the daily I will stay out until wave 3 up http://www.forexfactory.com/forexfor...ons/icon12.gif
I share the exact same view. I see this point on sunday a good entry for a nice long.

Dave
  • #52
  • Sep 30, 2006 3:17am Sep 30, 2006 3:17am
Quoting fixme1too
After very close evaluation of the gpbusd pair today. The pair has revealed that it is at the end of a 2 wave on the daily chart and we are getting ready to make major pips to the tune of 400 to 500 pips. I will be closing my position on Sunday eve. This has been reviewed on the daily chart. will post chart later Also usdcad does appear to be in wave 1 on the daily I will stay out until wave 3 up http://www.forexfactory.com/forexfor...ons/icon12.gif
Your count makes sense to me fixme1too. I've been using Elliot and Fib for almost two years now with great success, and I am always amazed by their
effectiveness, on all time frames. I'll be following this thread for sure

Good luck piping!
  • #53
  • Edited 9:32pm Sep 30, 2006 1:33pm | Edited 9:32pm
Quoting itme
According to my observations and that of my mentor, announcements rarely if ever totally distort or cause a violation of Elliott Wave theory.
Hi all.
I a newbie on Elliot waves and the whole trade at all.
Excuse my poor english.

I see, as you itme say, that EVERY Elliot wave is drawn even in 1 minute charts.
Is really amazing to see all that little 1,2,3,4,5,a,b,c's beeing drawn.
I use line chart with 2 moving averages with period 1 to delimit lows and highs.

Is amazing to see that if we could count ALL the waves possible in 1m and 5m charts, we could predict exactly what will happen in the future.

And the same about Fibo retracements.

I think there is no need of other indicators.

Simply following 1m or 5m charts and open positions just when every wave exactly finishes.

Thanks to all.
Im opened to suggestions.

I try to trade eur/gbp because I see is the most profitable per pip.
(Not very succesfully by now, ehem)


Regards.
  • #54
  • Oct 1, 2006 3:31pm Oct 1, 2006 3:31pm
closed gbpusd at 1.8750 for +269 pips. placed order for buy gbpusd at 1.8750 totals to date

+802 pips down 170 pips

will post stop and tp after further evaluation of this pair
  • #55
  • Oct 1, 2006 4:40pm Oct 1, 2006 4:40pm
will be watching this one close. the two wave on the daily does not have 2 wave formation. We could be in the first retracement on the 5 wave. 5 waves normally will have 5 factals before completion. We shall see what happens. i gonna risk 50 pips on this one.
  • #56
  • Oct 1, 2006 4:42pm Oct 1, 2006 4:42pm
Quoting fixme1too
will be watching this one close. the two wave on the daily does not have 2 wave formation. We could be in the first retracement on the 5 wave. 5 waves normally will have 5 factals before completion. We shall see what happens. i gonna risk 50 pips on this one.
Do you mean the retrace of the 5th wave up? Would that mean we'll see new lows before wave 1 begins? Thanks
  • #57
  • Oct 1, 2006 7:29pm Oct 1, 2006 7:29pm
you normally see 5 mini waves in wave 5 before completion of wave 5 I just got stopped out -50 pips by oanda but on my oanda chart the say that my stop was hit but the low as of now is 1.8705 my stop was 1.8700. So I called and oanda said look at the minmax chart and i will see that my stop got hit whatever man. total as of now

+752 pips and -210 pipshttp://www.forexfactory.com/forexfor...ons/icon12.gif
  • #58
  • Oct 2, 2006 3:50am Oct 2, 2006 3:50am
jumped the gun on the gbpusd pair earlier. rentered long at1.8744 and shorted the eurjpy 149.85 stop at 150.20 and 1.8675 on gbpusd pair will do tp at later time today. tp is not due to hit today so no worries
  • #59
  • Oct 2, 2006 5:16am Oct 2, 2006 5:16am
Quoting fixme1too
jumped the gun on the gbpusd pair earlier. rentered long at1.8744 and shorted the eurjpy 149.85 stop at 150.20 and 1.8675 on gbpusd pair will do tp at later time today. tp is not due to hit today so no worries
Hi fixme1too,
Just wondering where you would've entered long, if you didn't jump the gun (naughty). My counting sucks, so just trying to get a hang for this too. I think you entered too soon. If I look on the daily chart, aren't we in the 5th wave down to 1.8550.

Take Care
Habeeb
Keeping it Simple
  • #60
  • Oct 2, 2006 5:27am Oct 2, 2006 5:27am
yeah i see it that way too but i was also using Mouteki for trigger when trend is supposed to change in the opposite direction on daily this wave could be 2 or five. It does look more like a 5 because to normally zigzags and this could be the first factal of wave 5 that we are in now. Thats why im watching closely but for right now the thing that made me pull trigger is test mouteki method with elliot. if it does work after trying a few times I will continue to just use elliot alone. http://www.forexfactory.com/forexfor...ons/icon12.gif
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