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My trades by Dave

  • #1,781
  • Nov 4, 2006 10:43am Nov 4, 2006 10:43am
Quoting xxDavidxSxx
I just wanted the correction to get started. I figured news would trigger this. Now the 5th wave is confirmed and correction has started.

3 waves down or 3 waves sideways is the only question now.

I'll post a chart on wave count soon.

DAve
here is my wave count. Untill I am shown something different I am counting the 5 waves up as wave 1 of greater weekly trend wave #5.

The correction has bounced off of the 38.2 fibo. Now the question is weather this is as deep as the correction will go( making it a sideways correction) or will it go deeper in a deep correction. I'll wait for wave B to form and try to catch wave C.

Dave
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  • #1,782
  • Nov 4, 2006 11:08am Nov 4, 2006 11:08am
Quoting xxDavidxSxx
this should be what it says now.... Nothing else should be added as I thought this was there to start with.....

CCI 55 period, Elliott Wave Oscillator, And Daily Pivot.<o></o>

<o> </o>

Price crosses pivot, ewo crosses "0" line and CCI 55 crosses "0" line. Wait for break of the high/low of signal candle for entry.
Dave, do you mean when the bars of the indicator cross the 0 line or the red signal line in the indicator crosses the 0 line?

Thanks,

J
  • #1,783
  • Nov 4, 2006 11:37am Nov 4, 2006 11:37am
Quoting jlowder
Dave, do you mean when the bars of the indicator cross the 0 line or the red signal line in the indicator crosses the 0 line?

Thanks,

J
the bars. The signal line is there just as experiment to see if I can use it to trade down to pivot line, or for an entry signal into an already trending market.

The signal line isn't apart of a normal ewo indicater. Just an added tool. Use it any way you can find.

Dave
  • #1,784
  • Nov 4, 2006 12:13pm Nov 4, 2006 12:13pm
Quoting xxDavidxSxx
the bars. The signal line is there just as experiment to see if I can use it to trade down to pivot line, or for an entry signal into an already trending market.

The signal line isn't apart of a normal ewo indicater. Just an added tool. Use it any way you can find.

Dave
I've also noticed that if the 55EMA you use is flat, it's a good idea to stay out. Also, if you're getting buy signals when the price crosses a pivot that actually went DOWN, then perhaps thats a bogus entry as well.. Have you noticed this?

Jason
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  • #1,785
  • Nov 4, 2006 12:27pm Nov 4, 2006 12:27pm
Quoting jlowder
I've also noticed that if the 55EMA you use is flat, it's a good idea to stay out. Also, if you're getting buy signals when the price crosses a pivot that actually went DOWN, then perhaps thats a bogus entry as well.. Have you noticed this?

Jason
I don't really know how ewocci relates on aud/usd. I just look at euro$. But the two pairs are suppost to corrilate well.

I use my elliotte wave analysis to keep me taking the right signals.

Like now...a long signal now will be the turn of wave "b". Wave "b" might not even make it to the top of "5" so I'll let that signal go. Buy wave "c" can go potentially further. Depending on wave "b's" top.

But the 55ema is a good one to wach also to help keep you out of a bad wave.

Dave
  • #1,786
  • Nov 4, 2006 1:13pm Nov 4, 2006 1:13pm
Here is another chart better explaining my analysis.

Dave
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  • #1,787
  • Nov 6, 2006 3:02am Nov 6, 2006 3:02am
Thanks for the Elliott Wave analysis Dave. Very helpful.
Do you know if there is a new Ewocci EA version out there?
I have the original v3 but its only good for a starting building block for future versions. I would like to set up an accurate one to Manual Trade/alert and evaluate each trade against the EW theory I learn.
Any news?

Adam
  • #1,788
  • Nov 6, 2006 5:07am Nov 6, 2006 5:07am
Quoting AdamFx
Thanks for the Elliott Wave analysis Dave. Very helpful.
Do you know if there is a new Ewocci EA version out there?
I have the original v3 but its only good for a starting building block for future versions. I would like to set up an accurate one to Manual Trade/alert and evaluate each trade against the EW theory I learn.
Any news?

Adam
No new versions. The guys that were working on it havn't had time. I hope they will finish but there working on alot of different things.

The version you have isn't ready for testing much less to be ran on money.
  • #1,789
  • Nov 6, 2006 10:38am Nov 6, 2006 10:38am
Hi Dave,


Thought I'd say hello. I've been trying to read your posts and understand EWs. I still have no clue as to how to even begin to see a wave...but I'm still reading...and learning.

Lyle
  • #1,790
  • Nov 6, 2006 9:06pm Nov 6, 2006 9:06pm
A has completed and B is in its final stages.

ewocci gave long signal but not taking it as I am waiting for the wave C to short on.

I'll post a chart later.

Dave
  • #1,791
  • Nov 7, 2006 3:13am Nov 7, 2006 3:13am
Quoting xxDavidxSxx
A has completed and B is in its final stages.

ewocci gave long signal but not taking it as I am waiting for the wave C to short on.

I'll post a chart later.

Dave
is it based on H4 eurusd?
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  • #1,792
  • Nov 7, 2006 4:44am Nov 7, 2006 4:44am
wave b has made a 78.6 retrace of wave a.

This should be the top of b now and should see wave C move down now.

Dave
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  • #1,793
  • Nov 7, 2006 6:47am Nov 7, 2006 6:47am
i have same view like you...while forming wave B up, i have 1,2,3 formed...and now should go down a bit to confirm wave 4 before going up to test today high again 1.2770-80 ( could be a spike), then correction waves A, B, and C targeted 1.2725 ( 31.8 of <1.2797> to <1.2681> )
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  • #1,794
  • Nov 7, 2006 9:24am Nov 7, 2006 9:24am
I was looking for a move down from the 78 % retrace as well. So now that it didnt happen and price is above what was thought to be the end of wave 5 where does that leave us?

Lou
  • #1,795
  • Nov 7, 2006 3:55pm Nov 7, 2006 3:55pm
Quoting Lou
I was looking for a move down from the 78 % retrace as well. So now that it didnt happen and price is above what was thought to be the end of wave 5 where does that leave us?

Lou
wave b can over extend like that. Probly means that wave C will go past wave A and be an expanding flat.

If wave C don't go past wave A then it will be a diagnal triangle.

I shoulda took the ewocci long last night.

But waiting for the ewocci to signal short for wave C kept us out of that unexpected move up.

The big trade will come after wave C ends and wave 1 of 3 starts up.

Dave
  • #1,796
  • Nov 7, 2006 4:47pm Nov 7, 2006 4:47pm
Where do you think Wave C will end?
fxtrada.com
  • #1,797
  • Nov 7, 2006 8:19pm Nov 7, 2006 8:19pm
Quoting lifetime_trader
Where do you think Wave C will end?
that is the one thing I am not good at on EW. Thats why I place a letter on the chart with a ? beside it. I never know where it will end untill id gives me an ewocci signal the other direction.

Like I said. If it don't go past A then its a diagnal triangle. If it does go past A its an expanding flat.

1 senario has just as much viability as the other.

If I try to trade EW just based on guessing wave lengths, I'll lose most trades.
By waiting for ewocci to signal, it is basically signaling the end of one wave and the beginning of the next.

Dave
  • #1,798
  • Nov 9, 2006 4:14pm Nov 9, 2006 4:14pm
Quoting xxDavidxSxx
If it don't go past A then its a diagnal triangle. If it does go past A its an expanding flat.


Dave
well the diagnal triangle is playing out. This should be the top of wave D and wave E should over extend the bottom trend line. After E wave there should be a nice move up.

Dave
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  • #1,799
  • Nov 9, 2006 4:59pm Nov 9, 2006 4:59pm
Quoting xxDavidxSxx
well the diagnal triangle is playing out. This should be the top of wave D and wave E should over extend the bottom trend line. After E wave there should be a nice move up.

Dave
How about change your 5 to 3, a to 4 and we yet to complete wave 5? is it possible?
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  • #1,800
  • Nov 9, 2006 6:56pm Nov 9, 2006 6:56pm
Dave,

Just started reading your thread. I didn't realize you were an Elliot Wave enthusist or I would have checked in sooner. I am just starting out and right now am only following the Aud/Usd pair but I am looking forward to reading all of your posts regarding the Eur/Usd pair.

Just a quick question. Where in your thread did you post your EWOCCI.doc file? I had located some info on the Internet on how to set a MACD configuration to use as an EWO but they never give me the Signal EMA number for the setup. All I have is the First EMA Period (5) and the Second EMA Period (34 or 35).

Thanks
Jeffrey
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