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Elliott Wave Counting with EG

  • #1,221
  • Nov 25, 2007 1:02pm Nov 25, 2007 1:02pm
[quote=aviro25;1728539]just an alternative count...any comment be welcome

Hey aviro25...

Thank you for that perspective on using the Support and Resistance Trendlines with EW Labelling / Counts.

Your charts have helped me see some reason as to why and where the price is going for now in terms of price action, holding and breaching trendlines all in relation to EW Counts.

Thank you again.

EG
  • #1,222
  • Nov 25, 2007 2:47pm Nov 25, 2007 2:47pm
good day all How are you elgrande, hope you are doing well big A is a zigzaq and I believe that current wave unfolding c-wave which is the third leg of big B as we already finished a and b. please notice the alternation rule, zigzag represented on big A and a flat represented on big B, if it's true then a big decline in 5 waves towards 200.00 http://www.arb-up.com/files/arb-up-Nov2/Nfv23577.jpgMany thanks
  • #1,223
  • Nov 25, 2007 4:59pm Nov 25, 2007 4:59pm
[quote=Clusterwise;1729167]good day all How are you elgrande, hope you are doing well big A is a zigzaq and I believe that current wave unfolding c-wave which is the third leg of big B as we already finished a and b. please notice the alternation rule, zigzag represented on big A and a flat represented on big B, if it's true then a big decline in 5 waves towards 200.00

It is great to see your view on GBPJPY, here again Clusterwise..

Thank you.

I have been checking on some technical systems and viewing the results on the lower time frames looking for early signs of reversal confirmation and it seems that we have reached a low at the 221.28 level already.

I am just looking for further confirmation with the breach of the 2 downward trend lines on my 4hr chart and aretrace to enter my long trade.

EG
  • #1,224
  • Nov 25, 2007 6:43pm Nov 25, 2007 6:43pm
Hey!

It seems like most of us agree that an interesting long is to come if we can manage to stay on this side of the line...i agree with you Grande, the best strategy here is to see confirmation and long on the "p'.
  • #1,225
  • Nov 26, 2007 2:13am Nov 26, 2007 2:13am
Looking for a wave 2 retracement or a wave 5 throwover to complete the ending Diagonal Triangle and

See the Trend reversal.

But could all change favoring the continued move upside once the upper downward resistance trendline of the diagonal triangle is breached.

EG
Attached Image (click to enlarge)
Click to Enlarge Name: throwover_001.gif Size: 25 KB
  • #1,226
  • Nov 26, 2007 6:09am Nov 26, 2007 6:09am
hi just thought i would post another possibility of EW count for 4 hour gbpjpy

Incase I'm wrong, plz let me knw.

kevin
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4 hour EW count.JPG Size: 124 KB
  • #1,227
  • Nov 26, 2007 2:58pm Nov 26, 2007 2:58pm
Potential Moves
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 35_diagonal triangle_002.gif Size: 15 KB
  • #1,228
  • Nov 26, 2007 3:05pm Nov 26, 2007 3:05pm
Quoting kevmcfoster
hi just thought i would post another possibility of EW count for 4 hour gbpjpy

Incase I'm wrong, plz let me knw.

kevin

Hi Kevin

I cannot find anything based ont he EW Principle for me toagree to your counting. And this is because your Magenta wave 3 does not have the proper structure for a Wave 3.

Note that wave 3 is usually the most ppowerful in terms of trend so it normally shows a an extended wave structure.

Your magenta wave 3 shows a structure where the
sub wave 3 is the shortest,
shows a sideways expansion and
has not exceeded top of sub-wwave 1.

EG
  • #1,229
  • Nov 26, 2007 4:37pm Nov 26, 2007 4:37pm
Quoting el grande
Hi Kevin

I cannot find anything based ont he EW Principle for me toagree to your counting. And this is because your Magenta wave 3 does not have the proper structure for a Wave 3.

Note that wave 3 is usually the most ppowerful in terms of trend so it normally shows a an extended wave structure.

Your magenta wave 3 shows a structure where the
sub wave 3 is the shortest,
shows a sideways expansion and
has not exceeded top of sub-wwave 1.

EG
Thank you EG...I have to say that you are doing a wonderful job. And I'm learning quite a bit from you and am hoping to continue learning from your charts and explanation. Thank you for this.

Also, just wanted to add to your potential moves chart...plz rectify me if im wrong.

Thank you once again
kevin :-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 1 HOUR WE COUNT.JPG Size: 111 KB
  • #1,230
  • Nov 26, 2007 4:48pm Nov 26, 2007 4:48pm
Updated Potential Moves.

EG
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 35_diagonal triangle_003a.gif Size: 22 KB
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Click to Enlarge Name: 35_diagonal triangle_003c.gif Size: 25 KB
  • #1,231
  • Nov 26, 2007 5:17pm Nov 26, 2007 5:17pm
Quoting kevmcfoster
Thank you EG...I have to say that you are doing a wonderful job. And I'm learning quite a bit from you and am hoping to continue learning from your charts and explanation. Thank you for this.

Also, just wanted to add to your potential moves chart...plz rectify me if im wrong.

Thank you once again
kevin :-)
Kevin...

The proposed Diagonal Triangle on the 1hr - 4hr charts is an Ending Diagonal Triangle to fit the Lacking wave 5.

An Ending diagonal triangle is stil a 5 wave structure. However, the internal structure of each subwave is 3 waves.

Yes that would be 3 waves for each of the 5 waves. that includes the waves 1 3 and 5. all will be in 3 wave structure where you will also see an overlap between wave 1 and wave 4.

As you can see I am still struggling to make that 3 wave internal structure for each of the subwaves. that is why there is an alternative count.

Another thing that I am waiting or looking for is a throwover for the final sub wave 5 to the downside of the ending diagonal triangle to initially confirm the bottom for the wave C down from 241.35

Sp right now it is still a waiting game and better to trade the lower timeframes.

EG
  • #1,232
  • Nov 26, 2007 7:47pm Nov 26, 2007 7:47pm
update scenario 2
Attached Image(s) (click to enlarge)
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  • #1,233
  • Nov 26, 2007 7:52pm Nov 26, 2007 7:52pm
update for scenario 1
Attached Image(s) (click to enlarge)
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  • #1,234
  • Edited 9:43pm Nov 26, 2007 8:30pm | Edited 9:43pm
Barrier Triangle for a Bearish Continuation and
Attached Image(s) (click to enlarge)
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  • #1,235
  • Nov 28, 2007 3:52am Nov 28, 2007 3:52am
My analyses on this link:

http://www.trading-fx.si/fx/sloanaliza.htm

nice day
  • #1,236
  • Nov 28, 2007 11:50am Nov 28, 2007 11:50am
Phew, this is heady stuff! I read Neely's book and found it just as impractical to trade with...

Elliott Waves happen be cause the currencies hit pre-defined barriers that exist on the universal framework that governs their movements.

The framework is there; we just have to work on our frame of mind.
  • #1,237
  • Nov 28, 2007 7:18pm Nov 28, 2007 7:18pm
Quoting niceguy777
Phew, this is heady stuff! I read Neely's book and found it just as impractical to trade with...

Elliott Waves happen be cause the currencies hit pre-defined barriers that exist on the universal framework that governs their movements.

It's all about possibilities...you simply chart various possible scenarios and you trade the one that suits you the best with your money management, if you know how to scale positions, nothing can beat Ew...but again this is just my opinion.
  • #1,238
  • Nov 28, 2007 9:31pm Nov 28, 2007 9:31pm
Here is a little update of the prior charts...
as for tomorrow anything i have 2 possible scenarios, lets see how it plays out
230.25 area up to 231.20 would be my first potential reversal zone.
Attached Image(s) (click to enlarge)
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  • #1,239
  • Nov 28, 2007 11:59pm Nov 28, 2007 11:59pm
Quoting daytek
It's all about possibilities...you simply chart various possible scenarios and you trade the one that suits you the best with your money management, if you know how to scale positions, nothing can beat Ew...but again this is just my opinion.
Well, actually, no. But then, you probably haven't seen the Framework that I am talking about.



Come to a webcast and I can explain more - as I did to the fib guy at EWI, who agreed with what I was saying...
The framework is there; we just have to work on our frame of mind.
  • #1,240
  • Nov 29, 2007 3:51am Nov 29, 2007 3:51am
check it out

http://www.trading-fx.si/fx/sloanaliza.htm

Wish you nice trading and many pips
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