Im off to bed but I'll be around if you need more help. You can also look at my trade journal to learn more. Cheers!
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Elliot waves & Harmonic Patterns for MT4 4 replies
Elliot Waves musings 13 replies
Elliot Waves/Demark Waves 2 replies
the best Elliot Waves book? 2 replies
Elliot Waves 1 reply
Disliked{quote} ........thanks TaoTrader .............. when you say higher TF is it H4 to Wkly set .............. lower TF will be a nightmare i guess............... i think pips are in higher TF movement anyway..........Ignored
Disliked{quote} I'm a little confused about all the 3's on your chart. Not sure what they mean LOL. But yes here is an example for you starting on the Daily chart, and using your 4 hour chart. Your larger chart above(the one I responded to first) started on Feb 4th, and you counted the 3 waves correctly. But you want to start on the weekly and the daily first. The weekly chart is harder to see right now in terms of the waves, but the daily chart is showing the same info. This image I have here shows a 3 Wave pattern which started on Nov 3rd of last year....Ignored
Disliked{quote} Sorry I forgot to answer you here LOL......ummmmmmmmm.......ideally you start looking at the patterns on the Monthly, then you look inside for the weekly patterns, then on down to the 4 and 1 hour charts. Anything lower and you are looking at a lot of noise. It's less reliable. These charts don't require a method or system, you can just trade however you want because it's too unpredictable. But there are systems for these lower time frames that a lot of people use. They're quite tedious though LOL. Anyway a PIP for the EUR/USD is when the...Ignored
Disliked........i guess the main question is .............. how to identify the beginning of wave pattern ............... is this possible ....... or .......... this approach needs to be modified?...............Ignored
Disliked{quote} .........next question..................... how do we incorporate trendlines effectively into wave counting .............. can this give us clues at turning points into the beginnings of ABC & then ABC going into new Wave 1.....................?Ignored
Disliked{quote} ........did we get the count right ? on eurusd ...............what are yr views...................Ignored
Disliked........i guess the main question is .............. how to identify the beginning of wave pattern ............... is this possible ....... or .......... this approach needs to be modified?...............Ignored
Disliked...............first tentative attempt at wave counting ....but we must try try again ............. ? 3 wave formation in progress.................... .............. hawkeye critic welcome.................. .............. i put on semafor ( 3 numbers only ) as one trader ( HRTrading ) responded it is helpful.............i guess will see if it does or not .................. .............. i could be wrong and just seeing shapes in the sky............. {image}Ignored
Disliked{quote} ........did we get the count right ? on eurusd ...............what are yr views...................Ignored
Disliked......so this is current price ............. we agreed that wave counts might be like this ..........1-2 done & wave 3 is developing ..........do you think wave 3 is still ongoing ......... so a question would be ....when would we say wave 3 has not taken off?.................... {image}Ignored