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Elliot Wave Analysis

  • #881
  • Mar 14, 2019 10:24am Mar 14, 2019 10:24am
Quoting cuchuflito
Then, moving to the 240, there´s a clear wave count. Calculated the typical price and time targets,for an end of wave 4 and wave C, using the software´s routines. I will go long if I get a trigger. {image}
I was selling that C wave down on the 30 min time frame but had to close most of my position because of the high level of support the 50% fibbo level was giving. Currently watching to see if my remaining open positions will break that support and keep on heading down to the 61% level or wait to see a buy entry
Always ontop
  • #882
  • Mar 14, 2019 10:39am Mar 14, 2019 10:39am
Btw. if you guys like to add Divergence to your tool arsenal,here´s a thread:

https://www.forexfactory.com/showthread.php?t=849587

The founder is an awsome trader, (no EW, but divergence can be a very usefull filter.)
They only trade Cable, they are very successfull, day trading though, not my beer, (to sit in front of the PC all day.)
  • #883
  • Mar 14, 2019 2:26pm Mar 14, 2019 2:26pm
Quoting AlphaBase
{quote} I was selling that C wave down on the 30 min time frame but had to close most of my position because of the high level of support the 50% fibbo level was giving. Currently watching to see if my remaining open positions will break that support and keep on heading down to the 61% level or wait to see a buy entry
Well, good luck on that short Alpha
I still did not get a solid long signal, even though that wc down already showed a 5 wave structure complete, a divergence typical of eow5.
(sorry for the weird colours, I have a fat 4 K screenr and black looks awesome on my old eyes, if I set white I would have to relabel all my hard work)
Attached Image (click to enlarge)
Click to Enlarge Name: nzdh.gif Size: 187 KB
  • #884
  • Mar 15, 2019 1:46am Mar 15, 2019 1:46am
Quoting cuchuflito
For a trigger I use a Jurik MA cross like in the EURUSD trade a week ago. I found it is a bit late, but protects me from most stop hunts. Btw. in my experience, the worst EW trading enemy is stop hunting. Obviously the Big Boys know exactly what we are doing, and program their algos accordingly. {image}
Hello cuchuflito,
Thanks for sharing your knowledge. As mentioned in your post, to test the indicator Jurik MA, I have downloaded its script from web, but it is not working. Please see attched MQL file and screenshot of compilation page. Could you please help me to solve the problem.
Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 171 KB
Attached File(s)
File Type: mq4 JurikJMA.mq4   14 KB | 376 downloads
  • #885
  • Mar 15, 2019 2:08am Mar 15, 2019 2:08am
Quoting cuchuflito
{quote} Well, good luck on that short Alpha I still did not get a solid long signal, even though that wc down already showed a 5 wave structure complete, a divergence typical of eow5. (sorry for the weird colours, I have a fat 4 K screenr and black looks awesome on my old eyes, if I set white I would have to relabel all my hard work) {image}
No problem about the color cuchuflito, I see it just fine. My trailing Stop got hit last night so I am also waiting for a buy trigger. Please Update the forum whenever you enter sir.
Always ontop
  • #886
  • Edited 3:05am Mar 15, 2019 2:28am | Edited 3:05am
Nasdaq 100 Index:

The Delta cycle count indicates that the EWF Elliott count of the NDX isn`t correct.

All indices are showing "FLAT" corrections (see Daneric`s Wilshire count) - the NDX with the most bullish one.

Sixer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EW-NDX(60)-15.3.19.jpeg Size: 75 KB
Click to Enlarge Name: D-NDX(90)-14.3.19.gif Size: 55 KB
Click to Enlarge Name: EW-Wilshire(120)-13.3.19.png Size: 84 KB
Attached Image
  • #887
  • Mar 15, 2019 2:33am Mar 15, 2019 2:33am
Quoting mavilakandy
{quote} Hello cuchuflito, Thanks for sharing your knowledge. As mentioned in your post, to test the indicator Jurik MA, I have downloaded its script from web, but it is not working. Please see attched MQL file and screenshot of compilation page. Could you please help me to solve the problem. Regards, {image} {file}
Hi Mav
here´s a forum where you will find lot´s of jurik, including the MA.

https://www.forexfactory.com/showthread.php?t=696822
  • #888
  • Mar 15, 2019 2:37am Mar 15, 2019 2:37am
The long NZDUSD worked, entered last night, closed this morning with a profit...there´s probably more to grab on a retracement.We will see.
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  • #889
  • Mar 15, 2019 3:16am Mar 15, 2019 3:16am
If the weekly w5 down is finished, (oscillator is Bullish since almost 3 weeks) .
Then: the latest bull swing on the day could be a W1 or WA.
Meaning, after the potential daily retracement (oscillator is OB), there could be a long opportunity in a few days....around the FIBO area in green, eow2.
Attached Image (click to enlarge)
Click to Enlarge Name: d.gif Size: 133 KB
  • #890
  • Mar 15, 2019 3:36am Mar 15, 2019 3:36am
The Weekly EURUSD cycle chart shows that wave "B" (blue) is still unfolding. A possible LOW is in 1st week of may.

Sixer
Attached Image (click to enlarge)
Click to Enlarge Name: D-EURUSD(W)-14.3.19.gif Size: 24 KB
  • #891
  • Mar 15, 2019 4:06am Mar 15, 2019 4:06am
Quoting Sixer
The Weekly EURUSD cycle chart shows that wave "B" (blue) is still unfolding. A possible LOW is in 1st week of may. Sixer {image}

Interesting Sixer, cause the DT time targets for an end of w5 in the weekly,are mid-April, and then again in May, as marked by the red squares.
Still the oscillator is bullish, so maybe the dayly swing high was just a WA, to a correction, that might resume to a deeper low.
Attached Image (click to enlarge)
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  • #892
  • Mar 15, 2019 4:18am Mar 15, 2019 4:18am
Quoting cuchuflito
{quote} Hi Mav here´s a forum where you will find lot´s of jurik, including the MA. https://www.forexfactory.com/showthread.php?t=696822
Cuchuflito, thank you very much for your quick response.
Best regards,
  • #893
  • Mar 15, 2019 5:17am Mar 15, 2019 5:17am
Quoting cuchuflito
If the weekly w5 down is finished, (oscillator is Bullish since almost 3 weeks) . Then: the latest bull swing on the day could be a W1 or WA. Meaning, after the potential daily retracement (oscillator is OB), there could be a long opportunity in a few days....around the FIBO area in green, eow2. {image}
That exactly is the bullish trend I am trying to partake in. Thanks for the heads up cuchuflito
Always ontop
  • #894
  • Mar 15, 2019 12:43pm Mar 15, 2019 12:43pm
I have AUDCAD on my short Watchlist:

Check the Time Bands, Tyme Rythm, Zones and Price Rythm Zones Dynamic Trader calculates.
The software crunches the swings in the past and creates averages of price an time, in a logical manner. Whereas 80% of the last swing high (in this case), were made on a specific time and price band. The overlapping bands are the highest probability zones!
- add oscillator position, find some logical wave count and look for a trigger.
-dayly oscillator is bearish
-240 is OS, and right on the Time bands and Time Rythm zone: as you can read below the chart, the overlapping time for a top is 15.03 8.00/18.03 4.00
but not quite in the Price Rhythm Zone!
The fat red rectangle I drew on top is the wide overlapp of time and price. As you can see only time is reached.
And last but not least, I´m missing a stop run, look at the stop runs I marked with a (!) in the 240 chart, all major tops were made AFTER a stop run.
That last bearish bar could well be a bear trap.
So I´m standing aside for now.
Btw. I don´t want to play expert here, I´m just trying to learn togehter with this EW group.
Have a great weekend.
Attached Image(s) (click to enlarge)
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  • #895
  • Edited 1:40pm Mar 15, 2019 1:14pm | Edited 1:40pm
Robert Miner offers a free seminar: Dollar/Euro,Gold, Silver
Note his take on EURUSD describing that last (W) swing down as a diagonal w 5 with overlapping 5 waves.

https://twitter.com/BobatDT
  • #896
  • Mar 16, 2019 2:31am Mar 16, 2019 2:31am
Quoting cuchuflito
For a trigger I use a Jurik MA cross like in the EURUSD trade a week ago. I found it is a bit late, but protects me from most stop hunts. Btw. in my experience, the worst EW trading enemy is stop hunting. Obviously the Big Boys know exactly what we are doing, and program their algos accordingly. {image}
Hello cuchuflito,
Could you please share your settings for Jurik MA (jurik and filter period) per time frame.
Thanks
  • #897
  • Mar 16, 2019 3:08am Mar 16, 2019 3:08am
Gold:
Update for Wave "E" - possible price target 1245 $, time target end of march.

Indices:
The Dow Jones Transport Index indicates the next move.

Sixer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EW-Gold(240)-15.3.19.jpeg Size: 134 KB
Click to Enlarge Name: DJT(D)-15.3.19.gif Size: 48 KB
  • #898
  • Mar 16, 2019 3:51am Mar 16, 2019 3:51am
Quoting mavilakandy
{quote} Hello cuchuflito, Could you please share your settings for Jurik MA (jurik and filter period) per time frame. Thanks

sure
Attached Image(s) (click to enlarge)
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  • #899
  • Mar 16, 2019 5:02am Mar 16, 2019 5:02am
Quoting cuchuflito
{quote} sure {image} {image}
Hello cuchuflito,
Thanks for providing me your JMA set up.
But, I do not have the option for variable 'BarCount' in my JMA. Please see attached screenshot.
Will appreciate very much if you please share with me your JMA mql4 file.
Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 171 KB
  • #900
  • Mar 17, 2019 3:39am Mar 17, 2019 3:39am
Quoting AlphaBase
{quote} No problem about the color cuchuflito, I see it just fine. My trailing Stop got hit last night so I am also waiting for a buy trigger. Please Update the forum whenever you enter sir.

Sorry about that Alpha, I just saw your message, here´s where I entered, like I said, using a Jurik MA cross. It was late at night.
I find Jurik´s MA smooth and neither too early nor too late. But first I do all my homework on EW using DT software.
Have a great Sunday.
Attached Image (click to enlarge)
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