Elliott Wave Trading | Page 456 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Elliott Wave Trading by Ayax 2,105 replies

Elliott wave trading 94 replies

elliott wave trading channel 22 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Elliotters..Elliott Wave Trading 9 replies

Attachments: Elliott Wave Trading
Exit Attachments

Elliott Wave Trading

  • #9,101
  • Jan 11, 2021 6:12pm Jan 11, 2021 6:12pm
Quoting Bodyhug
anybody to help with relevant elliot wave book

  1. Robert Balan "Elliott Wave Principle Applied to the Foreign Exchange Markets"
  2. Robert Prechter, A.J. Frost "Elliott Wave Principle: Key to Market Behavior"
  3. Dmitry Vozny "Elliot's Code: Wave analysis of the Forex market" (in Russian)


There are also forum posts in Russian at archives of fxo.ru/forum http://www.fxo.ru/forum- 3/forum-3.html by the trader Pyramidych, also known as //\\ or Sir Yag. Link to archive with collection of his posts: https://tradersterritory.com/forums/...-piramidyicha/ (you have to be logged in to download).
Perhaps https://translate.google.com could help you with Russian to English translation.

Only wealth which you will keep forever is the wealth you have given away.
  • #9,102
  • Jan 27, 2021 6:04pm Jan 27, 2021 6:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 45 KB
Attached File(s)
File Type: mq4 Waves.mq4   67 KB | 1,063 downloads
Attached File(s)
File Type: ex4 Waves.ex4   45 KB | 854 downloads
  • #9,103
  • Edited 3:37am Jan 30, 2021 3:23am | Edited 3:37am
Quoting crow
{image}{file}{file}
Beautiful chart you've got there, it's a typical impulse wave: wave 4 alternates with 2, ending diagonal in the 5th, wave 4 correction finishes with an ending (expanding) diagonal and the whole thing is well contained within the channel lines.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD FXFactory.png Size: 49 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,104
  • Mar 5, 2021 4:17pm Mar 5, 2021 4:17pm
Quoting diavolul
{quote} Nice one, I've seen it also and took it, but a little late. But, anyways, it closed on break-even, cause I've locked it when it reached 1.1849. {image}
Hi, which platform is that?
  • #9,105
  • Jul 31, 2021 9:30am Jul 31, 2021 9:30am
Hi Guys.

Can you tell me what is the relation between waves 2 and 4 ?

Thnx
  • #9,106
  • Jul 31, 2021 10:31pm Jul 31, 2021 10:31pm
Quoting calamariss
Hi Guys. Can you tell me what is the relation between waves 2 and 4 ? Thnx
They may be very different from one another, what exactly do you need it for?
Only wealth which you will keep forever is the wealth you have given away.
  • #9,107
  • Aug 22, 2021 7:47pm Aug 22, 2021 7:47pm
Quoting calamariss
Hi Guys. Can you tell me what is the relation between waves 2 and 4 ? Thnx
That's a very good question?

One of the well known Elliott Wave Rules is that 'wave 2 and wave 4 of an impulse wave NEVER overlaps'. It is a hard and fast rule that most Elliotticians stick by and is very true in market situations concerning impulse waves.

However, there is exception to this rule that within wave pattern of diagonals, which are 5 waves structures, either converging or expanding diagonals, wave 2 and wave 4 MUST overlap each other. This is not so well known and if the configuration of diagonal wave patterns is investigated, it helps in trading in terms of locating entry & exit points and risk management of trades.

According to EWI, diagonals are wave patterns that appears in wave c of corrections and 5th wave of impulse waves.
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,108
  • Aug 27, 2021 8:58am Aug 27, 2021 8:58am
Quoting skyhok
{quote} That's a very good question? One of the well known Elliott Wave Rules is that 'wave 2 and wave 4 of an impulse wave NEVER overlaps'. It is a hard and fast rule that most Elliotticians stick by and is very true in market situations concerning impulse waves. However, there is exception to this rule that within wave pattern of diagonals, which are 5 waves structures, either converging or expanding diagonals, wave 2 and wave 4 MUST overlap each other. This is not so well known and if the configuration of diagonal wave patterns is investigated,...
According to R. Balan, wave 4 can also overlap wave 2 in wave A, in wave B of irregular correction and I would say in wave 1 as well.
Only wealth which you will keep forever is the wealth you have given away.
  • #9,109
  • Sep 14, 2021 4:54am Sep 14, 2021 4:54am
Quoting Ian Copsey
{quote} You appear quite confused. I've not mentioned 1.2855. I wrote above: "It's looking like the 1.2810-25 area will support for a reversal back to 1.2930-40 and will need to be in 5-waves." I suggest you look at the chart at the top of this page and at the labelling.
did anyone know how can i contact with ian copsy i search hard for him but all the pages is closed if any one know plz chat me i approcheate
  • #9,110
  • Apr 9, 2022 4:32am Apr 9, 2022 4:32am
Quoting ByeMyDeposit
{quote} According to R. Balan, wave 4 can also overlap wave 2 in wave A, in wave B of irregular correction and I would say in wave 1 as well.
It's alright to say wave 4 overlaps wave 2 in wave A and in wave B.
However, both wave A and B of corrections are corrective with a-b-c (3-3-5), only the c waves have five waves that gives rise to the overlapping of wave 2 and 4.
Attached Image (click to enlarge)
Click to Enlarge Name: Correction 02.png Size: 24 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,111
  • Apr 9, 2022 5:57am Apr 9, 2022 5:57am
Hi - is this thread active on the wave theory - Id like to participate as I have been searching for an active thread anywhere but couldnt see one - everywhere either the thread is long gone or no recent participations

I have read so many books , now reading Robert Balaan and plaaning on Glen Neely book , hope you guys all the best
I Have Learned to Take Some Losses to Make Profits
  • #9,112
  • Apr 9, 2022 8:04am Apr 9, 2022 8:04am
Quoting calamariss
Hi Guys. Can you tell me what is the relation between waves 2 and 4 ? Thnx
1) They tend to alternate.. if one is complex the other is usually just a zigzag.
2) Ideally, they should not overlap.
ma ma make me happy
  • #9,113
  • Apr 9, 2022 8:44am Apr 9, 2022 8:44am
Attached Image (click to enlarge)
Click to Enlarge Name: imagen_2022-04-09_154351306.png Size: 22 KB
POSTMASTER
  • #9,114
  • Apr 9, 2022 7:51pm Apr 9, 2022 7:51pm
Quoting TheScorpS
Hi - is this thread active on the wave theory - Id like to participate as I have been searching for an active thread anywhere but couldnt see one - everywhere either the thread is long gone or no recent participations I have read so many books , now reading Robert Balaan and plaaning on Glen Neely book , hope you guys all the best
MEW Glenn Neely the number ONE EW text book.
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,115
  • Apr 10, 2022 11:30am Apr 10, 2022 11:30am
Everybody is wrong about Elliott waves. This is why so many books trying to prove it. There are probably several options to this mith. Elliott did not tell 100% what he knew just as Gann did, or they were never 100% right but almost there.
POSTMASTER
  • #9,116
  • Apr 10, 2022 11:41pm Apr 10, 2022 11:41pm
Quoting Merka
{quote} And what are these working all time?
Quoting Robinhood1
Everybody is wrong about Elliott waves. This is why so many books trying to prove it. There are probably several options to this mith. Elliott did not tell 100% what he knew just as Gann did, or they were never 100% right but almost there.
R.N. Elliott called the Alternation between waves 2 and 4 within impulse waves a set of rules, proposing that will happen all the time and anywhere. However, he did not expand too much about it.
Interpretations of EW including the earlier EW textbooks that most Elliotticians learned from, did not follow that rule.
Attached Image (click to enlarge)
Click to Enlarge Name: 2bb4bc17594762b7ef903d82c42f9ea1.png Size: 121 KB

Many even draw 1-3 and 2-4 parallel channel lines confining a rigid impulse wave with no Alternation of waves 2 and 4. That NEVER happens in markets.
A parallel channel line of such would only suggest that wave 4 is not complete. (MEW 12-5)
Attached Image (click to enlarge)
Click to Enlarge Name: 2ddc55cf8cfedfbee96789847ae130bc.png Size: 18 KB
In market situations, a very simple wave 2 would alternate inversely proportional to a very complex wave 4, as long as they don’t overlap, i.e the smaller wave 2 is, the more complex wave 4 gets.
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,117
  • Apr 12, 2022 6:16pm Apr 12, 2022 6:16pm
Quoting skyhok
{quote} {quote} R.N. Elliott called the Alternation between waves 2 and 4 within impulse waves a set of rules, proposing that will happen all the time and anywhere. However, he did not expand too much about it. Interpretations of EW including the earlier EW textbooks that most Elliotticians learned from, did not follow that rule. {image} Many even draw 1-3 and 2-4 parallel channel lines confining a rigid impulse wave with no Alternation of waves 2 and 4. That NEVER happens in markets. A parallel channel line of such would only suggest that wave...
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (3503).png Size: 25 KB
POSTMASTER
  • #9,118
  • Apr 12, 2022 6:37pm Apr 12, 2022 6:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (3505).png Size: 26 KB
POSTMASTER
  • #9,119
  • Apr 13, 2022 1:15am Apr 13, 2022 1:15am
Quoting Robinhood1
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (3512).png Size: 32 KB
POSTMASTER
  • #9,120
  • Apr 13, 2022 1:24am Apr 13, 2022 1:24am
Quoting Robinhood1
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (3514).png Size: 29 KB
POSTMASTER
4 traders viewing now