Elliott Wave Counting with EG

15 mins updated

I know its unusual to have 2 truncated 5th waves of higher degress, but none the less its yet possible...i gotta run now, so i'll post my 1 min chart later on...I wanna see if I was right

(There is No Competion in here to see who has the best Wave-Count)
Is there ?.... ..... but Why ? ............

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THis thread is in a Forum where people can come in and see
various point of views .

THis thread is in a Forum where people can come in and see
various Elliott Wave-counts .
(and not be rude or ill-mannered along the way .)

This is the environment where people will learn things !

Just be Polite and Don't call Names and Do not use Trash-Talk in your Posts

-Why is it so hard for people to undertansd this ?
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Calling people Names is a true measure of your Inteligence !

Being Rude & Ill-manned is a true measure of your Home Training !

and besides ,
You insult your Parents when you do this http://www.moneytec.com/forums/image...es/redface.gif -----
-It is embarassing to them ..........

So , Simply Don't do it !
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How much money you have in your trading account
is not on trial here . Only Your conduct is !

This is what Is being said to Learntocount "also known as Golhunsleep"
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You can Disagree - Yes , but please , be a gentleman about it !

The world is watching us in here ....................

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Eg-
Learntocont’s ability to count waves is not the problem here :

We all know that Learntocount is very confident in what he
does and is more than willing to teach what he knows ………….
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So , Here is problem :
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Learntocount is Rude and ill- Mannered , and says negative things that are Provoking
-this is what the problem is in here ,

yet Eg , you are saying nothing about this ?
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Again,
The problem here is what Learntocount is saying about Marketwavez
that is negative over and over , and over , over …….Why is this ?
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-Isn't this Forum just place where we can come in and share our
ideas and thoughts without the feeling of being insulted ?......
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Meanwhile,
in the middle of all this just remember -
( Marketwavez has not said anything negative about Learntocount ) ----

No-one appreciates being talked to in this way -
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When Learntocount talks like that …
- It is Extremely Disruptive and becomes Problematic !
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The moderators simply want us to “ conduct ourselves as professionals”
and say positive things - Just As Merlin the moderator has so eloquently
said none of his most recent post and this is also one of this Forum’s main Rules !
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This is probably the reason why Learntocount is banned ,
-simply for consistently saying negative things in his posts that are Provoking …..
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That's all there really is to it !
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Learntocount went to Marketwavez thread and wrote things about him that are
Rude and Ill-Mannered to say the least ,
......and then followed Marketwavez here to Eg's thread and the same this past
weekend continuing to post in a negative in an Ill-Mannerd way.

Marketwavez was simply responding to all this Trash-Talk posted
by Learntocount , the best way he could ………….!

In the End :
This forum is just place where we can come in and share our
ideas and thoughts without being insulted .
( This is 1st and Most Important )

Just because you don’t like someone’s wave-count or chart , or style of trading
doesn’t mean you go and trash talk about that person in your posts .

With this being said :
Please Understand that

Learntocount is still here : He is here right now !
He can still see all these posts -----

The infractions that Learntocount received , just means that
will not be able to post here for some time ,maybe 2 weeks or so ..........
But Learntocount can definitely see your posts

So keep on Posting , Stay Happy....

Disagree , but don’t be Disageeable ! ------------------------------------------------------------------------------------------

Here is the link where it alll started on Jan 1st 2008
Click Here ... Scroll down to Post #44
http://www.forexfactory.com/showthre...t=11710&page=3

This is Nasty and Disruptive !..... Just absolutely awful .............
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Anyway ,
At first I ignored this ugly post about me by Learntocount that
he made in my thread back in early January !

then Learntocount started up again this weekend and caused this Big Stink !

See it all here Right Here :
Start at Post # 1679
http://www.forexfactory.com/showthre...20436&page=112

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Gnat
this is not the place for this conversation
I, am sending you a PM -( Private Message )

You are senior member , I see -........and So am I
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They have put infractions on Learntocount it seems
But , I am going to show you I'm the better man here
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I will Vouch for Learntocount-
( if he agrees to post positive things)
and not bash me anymore of course ..........
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I, am sending you a PM -.......

If there is a HNS in the chart, it isn't the marked one; the middle "head" has already triggered and moved out; therefore you cannot have another new "shoulder" forcefully "attached" after it already broke it's neck; that's just necrophilia!


The big question for me is whether 105 was a cycle end(i.e. not to be broken anytime soon) or not.

A lot of folks went the ABCDE route on the big picture, but I wonder about alternatives...although I WANT to believe in a test near 100-101.5

Hmmm?..........Now this is Interesting ..

--------------------------hmmm

GUYS....

can we please end this issue. I have already said my piece on this before and I will say this one last time.

1. everyone is encouraged to post their EW Labelled charts here for sharing , verification and validation.

2. we can agree, disagree or question them. but we can do so in a diplomatic and professional way.

3. if you post, we prefer you provide reasons for labelling them as such. but still you can post without the reasons.

4. if one disagrees with a wave count posted here, kindly say so BUT make sure your alternative count has a basis. if you can not provide any basis, just post your chart for the rest to analyze it.

5. if you post a mis labelled chart, be professional to accept the criticism. and anyone who wants to criticize a chart must be able to say so why and MUST provide an alternative count and explain why.

it is difficult enough studying the complexities of Elliott Wave Theory and Principles. Let us not STRUT around Pretending we know these COMPLEXITIES and runover those that struggle to learn and understand it.

and because i believe this is MY THREAD.... we should follow rules to keep this place inorder. Just as FF is trying to keep people inline.

Market.... Learntocount's actions I would describe as challenging ways. Yes he was out of line there. Not because his wave counts were wrong but just his way of challenging you.

You know this has somehow stimulated more thoughts in my mind. And this morning when I woke up, I suddenly realized that the charts you have been posting which I disagreed on with your "EWcounts" yet your Target profits were achieved, were actually SUCCESSFUL because of CHART PATTERNS and Trendlines and not necessarily because of EWT.

Note that I expressed my concern regarding some of your wave counts that do not seem to follow the underlying guideline of wave structure and size proportion. Then Learntocount mentioning that you were counting wave Bs in 5 waves which technically should always be 3 unless it is a Triangle.

I think, your wave count may have been incorrect yet because your chart pattern skills are actually GREAT, then you still achieved your proposed target profit.

And because you have kept on going with this while Tim is unable to defend himself, I will need to point out these things to keep all these inline here. I have already requested you thru PM to stop this yet you have kept on going.... it does not make you any better than Learntocount.

And in the interest of Propagating the Elliott Wave Principles and Theory as a tool for Market Price Analysis, I would kindly suggest that you start a CHART Pattern Analysis thread which I believe you are really more successful at.

Tim just did not have the opportunity to point these things out or maybe he completely failed to do so. Just like WHTenn who also was a great guy in this forum, he suddenly lost his cool and suddenly went "amock" ( mind you I would have probably been pissed of the same way) Tim was overwhelmed with his emotions I think because of his passion to teach EW "properly".

By being correct using chart Patterns while being wrong with our EW counts we can create more confusion in the minds of those still struggling to learn EW. We leave them in awe with our achieved profit targets AT THE SAME TIME we make them more confused with their struggle to learn EW.

I still believe that EW can be combined with chart patterns. I will be bold enough to suggest that you may really need to brush up on your EW. Your chart Pattern Analysis could be FLAWLESS. But your EW leaves many newbies IN AWE YET CONFUSED with EWT.

It is not enough that we we put a DISCLAIMER on each EW wave count we make. Initially I too felt some security with that disclaimer. It was always thought of as a security blanket for anyone attempting to use EWT to label waves on charts. But now I realize that with each wave count we make, we also have the responsibility to be able to defend each wave count. it is not enough that we put the wave counts on our charts just because we think it should be labelled as such without being able to defend it.

It is like, ok I am using chart patterns to analyze my chart, then I will fit in the wave counts which I think it has (even if the wave count is wrong), if we achieve TP it does not mean that the EW count was right. it could have been VERY WRONG but the CHART Pattern Analysis was right.

Do the readers here understand what I am trying to drive at? what happens to those who are still struggling to learn EW? they become more confused!!!! But to minimize this confusion, those who see the discrepancy should speak up. But to be able to speak up, one needs to be able to defend his view/count also. This seems to be a big responsibility for anyone. No wonder very few Elliotticians stay in the forums. It can be very taxing and time consuming to defend each EW count.

You were right that we can not dissociate wolfe waves, harmonic patterns, gann ( you did not mention chart patterns I think) from our analysis with EW. But trying to understand all these various techniques and strategies mostly on our own is a great struggle and most likely rarely achieved. One strategy is hard enough to be consistently right 50% of the time. More difficult with EW.

However we have the responsibility to be able to defend our EW counts in the interest of doing things right specially in this thread.

Come to think of it, that joke again about "10 Elliotticians in a Room will have 10 different wave counts for a particular chart" was I believed expressed by someone with little or no knowledge about EW.

The truth is not all were necessarily Certified Elliotticians. Some were probably LIKE ME trying and struggling to be one and still not able to apply all the rules while there may also be others trying to think and look like a great Elliottician yet they barely understood the rules. Professional Elliotticians would be able to present their wave counts and provide reasons if asked and they can discuss their differences peacefully. They can also agree to disagree sometimes because of some judgement calls. But they do not need to bash each other just to show someone is wrong.

A wave count can only be acceptable as a potential wave count when one can show that the wave count they make can be defended by specific EW Rules and Guidelines. There are limits and qualifiers for each wave count to be valid as a POTENTIAL WAVE COUNT. This is were the PROBABILITIES come in. Probable wave counts DO NOT INCLUDE wave count guesses which can not be supported with EW Rules and Guidelines.

I will leave my Disclaimer under each post I make because of the above reason and NOT Because I am guessing my wave counts. Anybody can question my wave counts and I will try my best to explain why just incase I still have not provided my reasons along side the charts I post.

The Disclaimer is aimed at newbies trying to trade LIVE money with my wave counts just in case there is one that makes that dreadful mistake.

EG

I have subconciously just ignored some posts which I did not agree with. However, for people who see something wrong written in these forum, do you expect them to keep quiet???? Each of us has a social responsibility even in this cyber forum to stand up and speak about the truth. By saying " I think your wave count has a discrepancy or if you want to be a bit BLUNT, and say I think your wave count is wrong. you must be ready to provide an alternative and defend your own wave count. One does not get the RIGHT to judge anothers wave count if he can not show why and provide an alternative.

EG

EURUSD Price has kissed that upper trendline of the proposed triangle on the Daily chart last nightafter all the news that came out.

Structurally speaking, it has completed what looks like 4 waves of the symmetrical triangle abcd and all have an internal structure of 3-3-3-3. Following this move is supposed to be a downward move to the lower side of the triangle to complete wave E. a move above the high of 1.4906 from last night would invalidate the proposed triangle pattern for wave 4 on Daily chart. But we can still possibly see some price movement going up to that upper side of the triangle as wave 2 or B of a subwave A for the wave E down.

The proposed w51 w52 and w53 will continue to be on the table if price goes higher than 1.4906 towards 1.5000

EG

This thread is getting cluttered for the wrong reasons...
Can't we all just get over some facts n jus concentrate on EW...

Anyways, here's the update for the 15 mins chart for gbp/jpy.
We have 2 possibilities,
(1) We are in Wave A
(2) We are in wave c of Wave 4

NOTE: If we are in Wave A, then Wave 5 would be a truncated wave.

Regards,
Jai

easy money.

enjoy.

http://img201.imageshack.us/img201/9...1012008lz0.gif

Eye4spot, the wrong count, the third wave can't be the smalest one

For discussion, guys

thx serega.

If u look now @ u/j it went preety well.

I need "Cycle degree" chart from GBP/USD...

can u share ?

thanks

This should be easier to understand....

We are in the way III, in which we can expect 5 waves down. So if we are in the wave II, then the min. target should be 105,83 where is also equlity wave I with wave III. This is minimum target if we consider that the wave 3 should no be shorter of wave 1 and 2....
I also upadated this here

See ya

Rather good count Money

USD/JPY H4