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Elliot Wave Trading

  • #1,621
  • Jul 6, 2007 3:57am Jul 6, 2007 3:57am
Quoting JimboFX
Here you go. But I only use it to spot a divergence.
Thanks for the help.
  • #1,622
  • Jul 11, 2007 11:16am Jul 11, 2007 11:16am
Quoting JimboFX
Anyone else see that ? All eyes now on the third touch to the upside. Watch out for a false breakout and then down. A classic Wolfe Wave pattern(http://www.investopedia.com/articles.../05/040405.asp) in progress

So far the pattern is playing out as expected. Now we need a close inside the wedge to get a confirmation for the move down with a possible target around 1.9550. The levels I'm keeping an eye on are 2.0250 to establish short position and 2.0000 mark to add to that position. Both levels are on closing basis.
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  • #1,623
  • May 12, 2008 11:05pm May 12, 2008 11:05pm
May be kinda rusty here. But let me give it a shot....lets see if cable gets to 9820's by end of the week.....http://www.forexfactory.com/images/icons/icon12.gif
  • #1,624
  • May 13, 2008 4:18am May 13, 2008 4:18am
Quoting fixme1too
May be kinda rusty here. But let me give it a shot....lets see if cable gets to 9820's by end of the week.....http://www.forexfactory.com/images/icons/icon12.gif
HEY... Welcome back.. you have been away too long . we miss your charts and your ew counts. THE forum has been wanting for a respectable EW ANALYST who posts consistently like you did and willing to help others too.

I hope you can continue what you used to do here.

yano125
  • #1,625
  • May 13, 2008 9:25am May 13, 2008 9:25am
Hey Fixme!

Where have you been? I am glad I did not delete my subscription to this thread or I would not have known your were back.

So good to see you

Betsy
  • #1,626
  • May 19, 2008 3:58am May 19, 2008 3:58am
Quoting fixme1too
May be kinda rusty here. But let me give it a shot....lets see if cable gets to 9820's by end of the week.....http://www.forexfactory.com/images/icons/icon12.gif

Timing off lets see if we can do the mid to high 9800's this week
  • #1,627
  • May 20, 2008 11:27am May 20, 2008 11:27am
looking good so far......
  • #1,628
  • May 20, 2008 2:02pm May 20, 2008 2:02pm
lets see if the short term short works out. no pun intended lol first tp 9617 b4 possible bounce
  • #1,629
  • May 20, 2008 2:10pm May 20, 2008 2:10pm
Quoting fixme1too
lets see if the short term short works out. no pun intended lol first tp 9617 b4 possible bounce
What wave terminated at 1.9710?
I got the 1:1 projection of High-.618 retrace => 1.9710 lined up there, but my count is a bit fuzzy. I suspect we're currently in Wave 3.2 or something, with 3.1 "ending" at 1.9710?

Third one probably anyhow?

If you've got a detailed 1h/4h count(i.e. a chart), that'd REALLY help for comparing notes
Trust price. Know yourself.
  • #1,630
  • May 21, 2008 10:59am May 21, 2008 10:59am
We got the bounce at 9614. Now we are looking for 50% of yesterdays high 9718 to today's low then we should go down to the 9530's area b4 seeing our mid to high 9800's on the cable lets see how it plays out......
  • #1,631
  • May 22, 2008 5:36am May 22, 2008 5:36am
we bounced off the 38% for the wave 4 instead of contuing down. Next stop b4 retrace is 9900.
  • #1,632
  • Sep 9, 2008 2:08am Sep 9, 2008 2:08am
Hi,

What can happen after a complete wave 1,2,3,4,5,a,b,c? If the 1-5 move was upwards, should the price come back up to cross the top of the fifth wave to continue the pattern of an higher wave?

If we are at the top of an higher move, how does this current wave and the next one connect together? Is move a,b,c part of the next wave?

I don't really understand how Elliot waves connect together.
  • #1,633
  • Dec 1, 2008 3:21am Dec 1, 2008 3:21am
Quoting Rincewind
I use Elliot waves as well. Only advice I have is that you don't have to play every wave. Try and stay out of shorter time corrective waves (i.e. 2,'s 4's and b's on hourly time scales). Think of it as "saving position" for those really fun wave threes.
I have read some very good analysis from a Senior Chartist at a reputable trading firm and he often used the Elliote Wave. I have not used it, but I looked very closely at how professional chartists and senior analysists often refer to the wave. In particular, one analyst would look at a very long time period (Monthly Bars in a 10 year period) and then narrow the picture down to 3-6 month on the daily bars. Normally the chartist would look to see where this thing could hit next like wave 4 to waves 5 in the direction of a well and long established trend

From I have learned, you don't look at the short waves in say 4hr chart. It's more like the big picture at least daily chart in minium of 3 month period.

I hope this helps.

Sam
  • #1,634
  • Jan 10, 2009 9:41pm Jan 10, 2009 9:41pm
Hi everyone,
I am still in the process of learning EW analysis. I've tried to come up with a wave count for EURUSD (image attached). I am not sure it's correct but it's the best wave count I can come up with so far. If that's correct, I am expecting wave 5:3 up (may be 5th wave failure?) in the short term. Pls, Ew experts tell me whether the count is correct. Thanks for your replies in advance
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  • #1,635
  • Feb 11, 2009 1:02am Feb 11, 2009 1:02am
Did you draw that Fib from the top down or the bottom up?

Quoting ninohoang
Hi everyone,
I am still in the process of learning EW analysis. I've tried to come up with a wave count for EURUSD (image attached). I am not sure it's correct but it's the best wave count I can come up with so far. If that's correct, I am expecting wave 5:3 up (may be 5th wave failure?) in the short term. Pls, Ew experts tell me whether the count is correct. Thanks for your replies in advance
  • #1,636
  • Feb 11, 2009 1:06am Feb 11, 2009 1:06am
Dumb question, never mind...

Quoting ninohoang
Hi everyone,
I am still in the process of learning EW analysis. I've tried to come up with a wave count for EURUSD (image attached). I am not sure it's correct but it's the best wave count I can come up with so far. If that's correct, I am expecting wave 5:3 up (may be 5th wave failure?) in the short term. Pls, Ew experts tell me whether the count is correct. Thanks for your replies in advance
  • #1,637
  • Apr 11, 2009 8:55pm Apr 11, 2009 8:55pm
Check this link out.http://www.forexfactory.com/showthread.php?t=163091
  • #1,638
  • Jul 25, 2009 1:09pm Jul 25, 2009 1:09pm
Hello it's been a min. but I need some coding help for some alerts on a system I have been using on 5min chart intra day trading make major pips very simple using an EW oscillater, a MACD and 2ma's. IM for more details....... Past 3weeks 954 pips trading Monday thru Thur. 4am EST to 12pm EST

Thanks FiXmE1ToO
  • #1,639
  • Jul 25, 2009 1:18pm Jul 25, 2009 1:18pm
I need some coding help for some alerts on a system I have been using on 5min chart intra day trading make major pips very simple using an EW oscillater, a MACD and 2ma's. IM for more details....... Past 3weeks 954 pips trading Monday thru Thur. 4am EST to 12pm EST
  • #1,640
  • Dec 3, 2009 1:14pm Dec 3, 2009 1:14pm
newbie.
http://borneofxsabah.blogspot.com/
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