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Elliott Wave Trading

  • #2,061
  • May 11, 2009 7:46am May 11, 2009 7:46am
Quoting errich fx
Here is my elliot chart
.
Hello, why do you think that it is only the 4th wave because according to my calculations with Fib. numbers there are all 5 waves ?:/
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD H4.GIF Size: 70 KB
  • #2,062
  • May 11, 2009 9:41am May 11, 2009 9:41am
Looks like wave 4 on EU is finished and there is beginning new up 12345 impulsive sequence in wave 5 of higher degree.
  • #2,063
  • May 11, 2009 10:07am May 11, 2009 10:07am
Quoting magictrader
Looks like wave 4 on EU is finished and there is beginning new up 12345 impulsive sequence in wave 5 of higher degree.
really now ?:// but wave 4 didnt even reach 23.6Fib and in H1 it looks as it would go down till 1.3500.:/
  • #2,064
  • May 11, 2009 10:19am May 11, 2009 10:19am
"Targets for wave 4 Wave 4 retraces at least 23% of wave 3 but more often reaches a 38.2% retracement..."

*** - crucial trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: EUw4_2.PNG Size: 34 KB
  • #2,065
  • May 11, 2009 10:22am May 11, 2009 10:22am
Quoting magictrader
"Targets for wave 4 Wave 4 retraces at least 23% of wave 3 but more often reaches a 38.2% retracement..."

*** - crucial trend line.

In H1 yes, but what about wave 4 of higher degree in H4 ?
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4.GIF Size: 66 KB
  • #2,066
  • May 11, 2009 10:35am May 11, 2009 10:35am
I've got different count, because your wave 3 is not so impulsive as it should be, and its internal structure doesn't look like 12345.

Need to remember, that every impulsive wave should consist of smaller impulsive waves like a fractal. If you can't count waves in higher degree impulsive wave then something could be wrong, and maybe this is corrective wave, not impulsive...
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H1.PNG Size: 51 KB
  • #2,067
  • May 11, 2009 10:48am May 11, 2009 10:48am
Quoting magictrader
I've got different count, because your wave 3 is not so impulsive as it should be, and its internal structure doesn't look like 12345.

Need to remember, that every impulsive wave should consist of smaller impulsive waves like a fractal. If you can't count waves in higher degree impulsive wave then something could be wrong, and maybe this is corrective wave, not impulsive...
hmm i have overlooked that :/ but I have another question for you if you dont mind: as I can see in your H4 you have marked with red letters two corrective forms, but there is no X labeled wave between them :/ Why is that because as far as I know there should always be an X between two ABC paterns (ABC X ABC) ?
  • #2,068
  • May 11, 2009 10:57am May 11, 2009 10:57am
If your're talking about this ABC on the left (falling) and connection to the ABC on the right (rising) there should not be any "X" because I think this is bigger triangle formation on D1 which could consist of rising and falling ABC's .

If your're talking about rising ABC's there is "X" below this rising consolidation area.
Attached Image (click to enlarge)
Click to Enlarge Name: D1.PNG Size: 35 KB
  • #2,069
  • May 11, 2009 11:00am May 11, 2009 11:00am
Quoting magictrader
If your're talking about this ABC on the left (falling) and connection to the ABC on the right (rising) there should not be any "X" because I think this is bigger triangle formation on D1 which could consist of rising and falling ABC's .

If your're talking about rising ABC's there is "X" below this rising consolidation area.
Thank's now it's finally clear for me
  • #2,070
  • May 11, 2009 2:01pm May 11, 2009 2:01pm
Was this back-testing data---or did they conduct an experiment to see if fractal patterns predicted stock movements 98% of the time?!

Quoting Satni
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...
  • #2,071
  • May 11, 2009 2:02pm May 11, 2009 2:02pm
Quoting saeidhidari
GBP JPY
.....
Attached Image (click to enlarge)
Click to Enlarge Name: GBP JPY 11-5-2009 1H.gif Size: 116 KB
  • #2,072
  • May 11, 2009 2:09pm May 11, 2009 2:09pm
GBP CHF
Attached Image (click to enlarge)
Click to Enlarge Name: GBP CHF 11-5-2009.gif Size: 73 KB
  • #2,073
  • May 11, 2009 2:11pm May 11, 2009 2:11pm
NZD USD
Attached Image (click to enlarge)
Click to Enlarge Name: NZD USD 11-5-2009 H4.gif Size: 79 KB
  • #2,074
  • May 11, 2009 2:13pm May 11, 2009 2:13pm
EUR GBP
Attached Image (click to enlarge)
Click to Enlarge Name: EUR GBP 11-5-2009 H4.gif Size: 75 KB
  • #2,075
  • May 11, 2009 2:31pm May 11, 2009 2:31pm
GBP AUD
Attached Image (click to enlarge)
Click to Enlarge Name: GBP AUD 12-7-2009 D.gif Size: 107 KB
  • #2,076
  • May 11, 2009 2:40pm May 11, 2009 2:40pm
Quoting saeidhidari
NZD USD
My NZD/USD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD H4.GIF Size: 85 KB
  • #2,077
  • May 11, 2009 3:36pm May 11, 2009 3:36pm
Quoting saeidhidari
EUR GBP
Here's an alternative count, if it's true then w5 is already in place. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 17 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,078
  • May 11, 2009 3:38pm May 11, 2009 3:38pm
Quoting sarasxxx
My NZD/USD
Your w4 is really out of proportion considering the rest of the pattern. You may want to reconsider...Cheers.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,079
  • Edited 4:46pm May 11, 2009 4:14pm | Edited 4:46pm
Current view on EU. It still looks like subwave 2 in fifth wave.
*** - crucial trendlines for all count. If upper trendline will be broken before making new low, then I will look for wave 5, if the lower trendline will be broken then whole count should be changed... (That's only my point of view ).
Attached Image (click to enlarge)
Click to Enlarge Name: EU_trendlines.PNG Size: 32 KB
  • #2,080
  • May 12, 2009 12:35am May 12, 2009 12:35am
Quoting sarasxxx
My NZD/USD


wave B CAN NOT BE SHOW 5 WAVE

WAVE B 3 small wave
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