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Elliott Wave Analysis

  • #1
  • First Post: Oct 3, 2020 2:35pm Oct 3, 2020 2:35pm
Analysis of some USD pairs.
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  • #2
  • Oct 4, 2020 7:50pm Oct 4, 2020 7:50pm
I still have doubts that what's labeled as the 3rd-4th wave is actually the 3rd-4th for the Elliott wave within the main 3rd wave. Meaning that what's happening now is the main trend 4th wave, depending on how it plays out I will know for sure.
  • #3
  • Edited 9:09pm Oct 4, 2020 8:20pm | Edited 9:09pm
Quoting MieYhR
I still have doubts that what's labeled as the 3rd-4th wave is actually the 3rd-4th for the Elliott wave within the main 3rd wave. Meaning that what's happening now is the main trend 4th wave, depending on how it plays out I will know for sure.
Hi MieYhR

doubts will come if we don't find the right spot in the wave count, because Elliott Wave are very subjective in their use, for more objective I think you should add MACD to the chart to find out the difference between each wave.

regards

Arief-
  • #4
  • Oct 4, 2020 8:54pm Oct 4, 2020 8:54pm
Quoting Arief-
{quote} Hi MieYhR doubts will come if we don't find the right spot in the wave count, because Elliott Wave are very objective in their use, I think you should add MACD to the chart to find out the difference between each wave. regards Arief-
Elliott waves are subjective.
  • #5
  • Oct 4, 2020 9:11pm Oct 4, 2020 9:11pm
Quoting corongumet
{quote} Elliott waves are subjective.
oops sorry wrong typed, i mean subjective for more objective, thanks for correcting.
  • #6
  • Oct 4, 2020 10:45pm Oct 4, 2020 10:45pm
Quoting Arief-
{quote} Hi MieYhR doubts will come if we don't find the right spot in the wave count, because Elliott Wave are very subjective in their use, for more objective I think you should add MACD to the chart to find out the difference between each wave. regards Arief-
I do use it, thanks though. What is your analysis?
  • #7
  • Edited 12:42am Oct 5, 2020 12:23am | Edited 12:42am
Quoting MieYhR
{quote} I do use it, thanks though. What is your analysis?
I count the waves using method by Bill Williams & Robert Fischer, I feel this is very accurate in the process
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I always start trading after point zero has occurred

  1. Entry in wave2
  2. TP wave3 & wave5
  3. SL in point zero

  • #8
  • Oct 5, 2020 9:52am Oct 5, 2020 9:52am
Hello, can you suggest me a Forex Tester EA or plugin for MT4 for Mac? It must also use higher time frames. Thank you.
  • #9
  • Oct 15, 2020 9:39am Oct 15, 2020 9:39am
other ___USD pairs similar. The market should go up after this 2nd wave complete
let's see if my analysis right about this.
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  • #10
  • Last Post: Oct 21, 2020 1:18pm Oct 21, 2020 1:18pm
The learning is never-ending.
Even though I called the trade and entered I exited because something didn't make sense to me. Even though USD pairs are correlated and they operate within the same Elliott waves they still don't have to play out the same.
150 pips missed, I'm salty AF right now
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