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Elliott Wave Trading

  • #2,041
  • May 8, 2009 10:26am May 8, 2009 10:26am
Quoting magictrader
That's only probability and luck game. Probability is for direction and lucky is for impact, size and time of the move.

Robert Miner says that market not always moves as Elliott described it, that's why sometimes I don't look on part of chart where I can't figure out what was happen.

On your count correction labels are ok, but the last 123 was questionable. Wave C (for me) could not be more impulsive then impulsive wave 1 (as on your chart) especially if this are waves of the same degree.

Hope it helps in some part .
yeah, one of the moust difficult parts in this strategie is to see the different degrees of waves in a chart :/ but we wount give up thanks
  • #2,042
  • May 8, 2009 10:36am May 8, 2009 10:36am
I agree, they are most difficult and most useful. Thanks to them we can make a trade on lower degree waves with profit from higher degree waves which are making very nice risk to reward ratio .

Have a nice weekend.

P. S.
for this great weather on weekends I can recommend "Mastering Elliott Waves" by Glenn Neely to read it e.g. in park . It's very complex approach to Elliott Wave Theory.
  • #2,043
  • May 8, 2009 10:43pm May 8, 2009 10:43pm
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Quoting Rocroy
Attachment
  • #2,044
  • May 9, 2009 1:52am May 9, 2009 1:52am
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  • #2,045
  • May 9, 2009 2:12am May 9, 2009 2:12am
http://orvinfive.blogspot.com/
  • #2,046
  • May 9, 2009 3:26am May 9, 2009 3:26am
Good morning,
How about such aproach to AUD:wave 3 was already at 0.7480 or it will be 2.618Fib at 0.7750 ?
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  • #2,047
  • May 9, 2009 3:34am May 9, 2009 3:34am
Quoting magictrader
I agree, they are most difficult and most useful. Thanks to them we can make a trade on lower degree waves with profit from higher degree waves which are making very nice risk to reward ratio .

Have a nice weekend.

P. S.
for this great weather on weekends I can recommend "Mastering Elliott Waves" by Glenn Neely to read it e.g. in park . It's very complex approach to Elliott Wave Theory.
Since for me the weather forecast isnt very good so your suggested reading project doesnt seem so bad to spend a rainy weekend at home any ideas where to get that book fast ?
  • #2,048
  • May 10, 2009 12:18pm May 10, 2009 12:18pm
Hi, im new to the elliot wave theory and been trying to spot them on the charts.

Can someone tell me if im correct ?

Thx

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"He who is well prepared has won half the battle"
  • #2,049
  • May 10, 2009 12:47pm May 10, 2009 12:47pm
any coment?
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MY OPINION NOT FINANCIAL ADVISE
  • #2,050
  • May 10, 2009 4:02pm May 10, 2009 4:02pm
Quoting Peterex
Hi, im new to the elliot wave theory and been trying to spot them on the charts.

Can someone tell me if im correct ?

Thx

Attachment
First ABC is looking good. But 12345 not so good. Especially wave three is not so impulsive as it should be. Wave 4 is little bit too small in compare to wave 2.

This is very good site to start learning Elliott Wave Theory, it will help a lot (I read it few times and I print pictures from this site and have it on my desk ):
http://www.elliott-wave-theory.com/e...1.html#general
  • #2,051
  • May 10, 2009 5:49pm May 10, 2009 5:49pm
Quoting magictrader
First ABC is looking good. But 12345 not so good. Especially wave three is not so impulsive as it should be. Wave 4 is little bit too small in compare to wave 2.

This is very good site to start learning Elliott Wave Theory, it will help a lot (I read it few times and I print pictures from this site and have it on my desk ):
http://www.elliott-wave-theory.com/e...1.html#general

Thx
"He who is well prepared has won half the battle"
  • #2,052
  • May 10, 2009 11:32pm May 10, 2009 11:32pm
Eur/Jpy H4
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  • #2,053
  • May 11, 2009 1:16am May 11, 2009 1:16am
GBP JPY
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  • #2,054
  • May 11, 2009 1:25am May 11, 2009 1:25am
Quoting SoKoLov
http://orvinfive.blogspot.com/
hi sokolov,
please do check my comments at your blogspot.

p/s sorry all,if this posting interrupts the rhythm of the waves.
  • #2,055
  • May 11, 2009 3:51am May 11, 2009 3:51am
Could you post those comments here? THanks

Quoting Satni
hi sokolov,
please do check my comments at your blogspot.

p/s sorry all,if this posting interrupts the rhythm of the waves.
  • #2,056
  • May 11, 2009 5:54am May 11, 2009 5:54am
EU: possible wave 4 with possible wave 5 targets:
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  • #2,057
  • Edited 6:24am May 11, 2009 5:54am | Edited 6:24am
Quoting paulharris
Could you post those comments here? THanks
Ok..here my comment.

"Satni said... Hi Orvinfive,

The arguements appears logical,its would be valid,if posted 20 years back then.

However,with the advances in Quantum Science, Dr Bill Williams and his associates, have proven with use of fractal studies(one the main tools for Quantum Science) that Elliot Waves have been proven true

Check it Out! "


Here it is: Extract from " New Trading Dimensions by Bill Williams"
For further clarifications, Please Read the book!
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  • #2,058
  • May 11, 2009 6:39am May 11, 2009 6:39am
Here is my elliot chart

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______________________________________________

Learn Gartley and Elliot Patterns

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  • #2,059
  • May 11, 2009 7:02am May 11, 2009 7:02am
Quoting magictrader
EU: possible wave 4 with possible wave 5 targets:
Hello, could you tell me why your 5 wave ends are so low ? because i get them much bigger :/
P.S. thanks for the link.
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  • #2,060
  • Edited 9:34am May 11, 2009 7:41am | Edited 9:34am
It's just my conservative targets if wave 5 will happen, there are few important Fibs from other waves in this areas.
Now I'm looking for the and of wave 4 and it can't break strongly line between 2 and ii, if break then I need to change my labels .
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