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Elliot Wave Analysis

  • #561
  • Jun 28, 2018 5:53am Jun 28, 2018 5:53am
STOPRUN is the KEY (you can call it password).
  • #562
  • Jun 28, 2018 6:21am Jun 28, 2018 6:21am
Quoting cuchuflito
Interesting, still missing the stop run issue.

stop runs are usually on pairs that are not trending. So stop trading the pairs which are ranging. Go for currency strength and weakness and choose your pairs like i do. please also stop the 5 mins EW. do a higher timeframe always.
STING
  • #563
  • Jun 28, 2018 7:44am Jun 28, 2018 7:44am
Thanks for the kind advice.
Yes the bigger the time frame the more expensive it becomes for the big boys tu manipulate...but it still happens,in all pairs.
I will have a look at that homepage you suggested...
  • #564
  • Jun 28, 2018 8:50am Jun 28, 2018 8:50am
Quoting stringfx
{quote} Whoever learns to "read" the hands of the Big Boys, is bound to become a millonaire. Let's see how are we going to do it. This is my take on it. Instead of choosing any random or commonly used pairs to trade, First we choose the pairs that are actually trending. How do we do this? GO to this site : https://finviz.com/forex_performance.ashx?v=3 There is daily, weekly, monthly, month to date, quarterly etc... Choose monthly performance. Here you will find that aud,nzd and cad are in the red. usd,chf and eur are in the black. do...

tanx Stringfx
Can you explain more about the following sentence?
(do the math ?, aud/usd is a sell nzd/usd is a sell usd/cad is a buy )
  • #565
  • Jun 28, 2018 9:24pm Jun 28, 2018 9:24pm
Quoting hifax
{quote} tanx Stringfx Can you explain more about the following sentence? (do the math ?, aud/usd is a sell nzd/usd is a sell usd/cad is a buy )
what i mean is that when you check on the monthly performance in the site mentioned, you will find aud as the weakest currency and usd as the most powerful currency, followed by nzd and cad as weaker currency, so the tradeable current pairs are these 3 weak currencies against usd which is the most powerful. Here i am plotting an example of aud/usd which is a genuine sell from 6th of june and has done 238 pips in total until today. when you know the major direction of a currency pair, you can use any strategy to make more money.

In the current chart that i have shown, using a simple stochastic oscillator of 8,3,3. you could have made a lot of money. first draw a fib expansion on the current swing. you would have your Fibonacci levels clearly marked. This would be your market sentiment. when price reaches a strong Fibonacci level , stay away from the market and let it go up and wait for the oscillator to signal your further sells.
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STING
  • #566
  • Jul 1, 2018 8:08am Jul 1, 2018 8:08am
Tanx Stringfx
I'm new to Elliot's method and I'm analyzing in daily time frame.
To compare currency pairs from the web site you introduced, the monthly performance suitable for daily analysis?
  • #567
  • Jul 3, 2018 4:28am Jul 3, 2018 4:28am
Nice
  • #568
  • Jul 4, 2018 4:01am Jul 4, 2018 4:01am
Quoting hifax
Tanx Stringfx I'm new to Elliot's method and I'm analyzing in daily time frame. To compare currency pairs from the web site you introduced, the monthly performance suitable for daily analysis?
It's more of a swing trade than an intra-day trading. use 4 hr chart. there is a lot of noise in intraday, usually EW is quite accurate on a larger timeframe. you don't need daily analysis if you follow this. you need to put your TP on fibo levels by drawing the expansion in fibs.
STING
  • #569
  • Jul 4, 2018 5:53am Jul 4, 2018 5:53am
http://hannahlynn17.blogspot.com/201...t-elliott.html

What parameters do you use on macd to help confirm the wavecount?
4&1 All Time Profit: $37,496
  • #570
  • Jul 4, 2018 11:11am Jul 4, 2018 11:11am
MzansiObi,
the blogspot is wrong to use the MACD indicator.

The Advanced GET Elliott software developed from Tom Joseph isn`t using the MACD indicator.
TJ is using the GET Oscillator - here are infos about the platform:

http://share.esignal.com/groupconten...ome&groupid=20

Some videos about the platform:

Inserted Video

Inserted Video


Sixer
Attached Image (click to enlarge)
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  • #571
  • Jul 4, 2018 11:28am Jul 4, 2018 11:28am
Quoting Sixer
MzansiObi, the blogspot is wrong to use the MACD indicator. The Advanced GET Elliott software developed from Tom Joseph isn`t using the MACD indicator. TJ is using the GET Oscillator - here are infos about the platform: http://share.esignal.com/groupconten...ome&groupid=20 Some videos about the platform: https://youtu.be/konvREHelj4 https://youtu.be/-HjFA1zbtFs Sixer {image}

Thanks alot Sixer.......

Your assistance is appreciated
4&1 All Time Profit: $37,496
  • #572
  • Jul 4, 2018 11:33am Jul 4, 2018 11:33am
Quoting Sixer
MzansiObi, the blogspot is wrong to use the MACD indicator. The Advanced GET Elliott software developed from Tom Joseph isn`t using the MACD indicator. TJ is using the GET Oscillator - here are infos about the platform: http://share.esignal.com/groupconten...ome&groupid=20 Some videos about the platform: https://youtu.be/konvREHelj4 https://youtu.be/-HjFA1zbtFs Sixer {image}

when you say GET Oscilltor, are you particularly reffering to the elliot oscillator?
4&1 All Time Profit: $37,496
  • #573
  • Edited Jul 5, 2018 10:54am Jul 4, 2018 11:40pm | Edited Jul 5, 2018 10:54am
More infos about the AGET platform incl. the settings of the Oscillator.

Sixer

Edit:
Here is the latest development from TJ:
https://www.dynamictrend.com/
Attached File(s)
File Type: pdf Advanced Get - Mechanical Trading System.pdf   837 KB | 1,062 downloads
File Type: pdf oscillator.pdf   416 KB | 1,127 downloads
  • #574
  • Jul 5, 2018 12:59am Jul 5, 2018 12:59am
Quoting Sixer
More infos about the AGET platform incl. the settings of the Oscillator. Sixer {image} {image}
What a legend!!!!!

definitely having a look
4&1 All Time Profit: $37,496
  • #575
  • Jul 9, 2018 5:19am Jul 9, 2018 5:19am
Here is 4ft eur/usd chart. I am waiting for wave 3 to complete since wave 3 normally extend 161.8 of wave 1. Is my fibonacci is correctly place? Correct me If I am wrong
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  • #576
  • Jul 9, 2018 7:27am Jul 9, 2018 7:27am
It should be like this. right?
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  • #577
  • Jul 9, 2018 12:17pm Jul 9, 2018 12:17pm
Quoting menek
It should be like this. right? {image}
This is my view...
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STING
  • #578
  • Jul 15, 2018 6:26am Jul 15, 2018 6:26am
The counts of the Elliott Gurus with regard to the indices show that they consider the correction which started end of jan 18 as finished.

Sixer
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  • #579
  • Edited 9:45am Jul 15, 2018 7:02am | Edited 9:45am
Elliott Wave Oscillator on Chart (5/35) = Price action .

Note :////////////////////////////////////////////////////////////////////////////////////////////////////////////

Elliot Wave Oscillator Calculation:

The elliot wave oscillator shows the difference between two moving averages.

Parameters:
a: short MA periods (5 by default) price= MedianPrice
b: long MA periods (35 by default) price= MedianPrice

Interpretation:
This oscillator permits to distinguish between wave 3 and wave 5 using elliot wave theory.

Theshort MA shows short-term price action whereas the long MA shows the longer term trend.

When the prices form wave 3, the prices climb strongly which shows a high value of the Elliot Wave Oscillator.

In wave 5, the prices climb more slowly, and the oscillator will show a lower value.

/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

Kumo Ichimoku (5,35,70).

Donchian (280).

EURUSD USDJPY HOURLY




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KISS&V :Keep it simple safe & visual
  • #580
  • Jul 16, 2018 2:39am Jul 16, 2018 2:39am
Nifty-Index:

It shows actually an "Ending Diagonal" in wave "5".

Sixer
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