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Elliott Wave Trading

  • #2,641
  • Jul 5, 2009 9:09pm Jul 5, 2009 9:09pm
Quoting egkid
Here it's my chart and correct me if i'm wrong this is end wave 4 on daily chart


Looks great Just wait for a trend line break to short this pair .
  • #2,642
  • Jul 5, 2009 9:18pm Jul 5, 2009 9:18pm
NZD JPY Short @62.02 TP @58.90 on 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: NZD JPY 240 7 5 21.png Size: 41 KB
  • #2,643
  • Jul 5, 2009 10:33pm Jul 5, 2009 10:33pm
Possible counta trade trend setup for CAD JPY 4H


OK TP 84.50

MAX TP 85.76
Attached Image (click to enlarge)
Click to Enlarge Name: CAD JPY 4H 7 5 22.png Size: 42 KB
  • #2,644
  • Jul 5, 2009 11:58pm Jul 5, 2009 11:58pm
AUD CAD 4 H Chart Setup
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD 4H 7 5 23.png Size: 47 KB
  • #2,645
  • Edited 1:05am Jul 6, 2009 12:36am | Edited 1:05am
Quoting tazzam72
This Is Advanced get software Count not mine , I am just waiting for confirmation for short entry
Morning,
Edit:How long you been use it? How you see it ,Have you try mtp?
TPI is that take profit index indicator or stand for something else?
Thanks for your post
  • #2,646
  • Jul 6, 2009 1:03am Jul 6, 2009 1:03am
GU_m5:

EDIT:

or maybe not .
Attached Image (click to enlarge)
Click to Enlarge Name: GU_m5_setup4.PNG Size: 42 KB
  • #2,647
  • Jul 6, 2009 4:08am Jul 6, 2009 4:08am
Found support for now, typical abc projection + ret 78, waiting for positive PA.

Have a good week everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,648
  • Jul 6, 2009 5:57am Jul 6, 2009 5:57am
Hi Everyone, hope you are all well. Been away on hol last couple of weeks and cable finally did what was expected.

Here's my chart now....please comment. I think wave iii to 1.60, then wave iv retrace perhaps 1.6190, then wave 5 to complete at 1.57.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable 4H 06072009.jpg Size: 168 KB
  • #2,649
  • Jul 6, 2009 7:00am Jul 6, 2009 7:00am
Quoting egkid
Morning,
Edit:How long you been use it? How you see it ,Have you try mtp?
TPI is that take profit index indicator or stand for something else?
Thanks for your post
3 Years so far , I like it and use it all the time now, 2 ) yes this is the PTI(profit taken index ) that you need to trade wave 4 to 5 using this software , TIS IND should be above 35 and no candle should close above the red channel to trade this wave.

Some pepole doesn't like it because they says that the waves keeps changing for example wave 3 to 4 ,you are waiting for a break out to trade wave 5 sometimes this wave changes to 2 to 3 (counta trade trend) in this case you need to change your trading plan ( My answer is when the wave change means that market is changing , elliot wave doesn,t tell the market what to do , The market tells elliot what to do and if the market changes elliot will change
  • #2,650
  • Jul 6, 2009 7:03am Jul 6, 2009 7:03am
My Fibo calculations is exactly like yours, but it's like [too good to be true] feeling! and then I say it worth a test.
  • #2,651
  • Jul 6, 2009 7:32am Jul 6, 2009 7:32am
Quoting Phi
My Fibo calculations is exactly like yours, but it's like [too good to be true] feeling! and then I say it worth a test.
Know what you mean, mate. It looks like it will retrace first before going lower. Long at 6120 for hopefully quick pips to around 6190. Will short then depending on pa.
  • #2,652
  • Jul 6, 2009 8:03am Jul 6, 2009 8:03am
Quoting tazzam72
This Is Advanced get software Count not mine , I am just waiting for confirmation for short entry
Ah, the count’s from Advanced Get. So if there’s something wrong, it’s not your fault... Just kidding

For another chart, I’ve got 7 waves on the recent EURUSD 15-min chart. Can you show me how Advance Get labeled the chart, if you could? Thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2009-07-04(15-min).gif Size: 46 KB
  • #2,653
  • Jul 6, 2009 10:21am Jul 6, 2009 10:21am
Quoting tazzam72
3 Years so far , I like it and use it all the time now, 2 ) yes this is the PTI(profit taken index ) that you need to trade wave 4 to 5 using this software ,...
Thanks for answering:-)
Have you try MTPredictor6?
What you think about e/u in daily chart i lost here was thinking we r in wave 5 but seems there is ABC!!
  • #2,654
  • Jul 6, 2009 12:07pm Jul 6, 2009 12:07pm
Eur/Usd

-----------------
wave count
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR0-6-24-2009-#1.jpg Size: 75 KB
Click to Enlarge Name: EUR0-7-06-2009-#1.jpg Size: 83 KB
  • #2,655
  • Jul 6, 2009 12:08pm Jul 6, 2009 12:08pm
Quoting marketwavez
Eur/Usd

-----------------
wave count

wow. U r here. Thanks for the chart..
  • #2,656
  • Edited 8:12pm Jul 6, 2009 7:56pm | Edited 8:12pm
Quoting egkid
Thanks for answering:-)
Have you try MTPredictor6?
What you think about e/u in daily chart i lost here was thinking we r in wave 5 but seems there is ABC!!

This is how i am going to trade this pair only on the daily chart no 15 or 1H , no long just thinking short for now may be a better entry on 4H

Never tried MTPredictor6 , From you name looks like EG stand for Egypt correct ? If yes do you still live there ? I am Egyption also living in FL /Orlando
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Usd Daily 7 6 09 25.png Size: 48 KB
  • #2,657
  • Jul 6, 2009 7:59pm Jul 6, 2009 7:59pm
Quoting ridingwaves2
Ah, the count’s from Advanced Get. So if there’s something wrong, it’s not your fault... Just kidding

For another chart, I’ve got 7 waves on the recent EURUSD 15-min chart. Can you show me how Advance Get labeled the chart, if you could? Thanks again.

here is the 15 m euro as per your request
Attached Image (click to enlarge)
Click to Enlarge Name: Eur Usd 15 M 7 6 09 24.png Size: 38 KB
  • #2,658
  • Jul 6, 2009 8:59pm Jul 6, 2009 8:59pm
Thanks for the chart tazzam. But I still wonder how your software counts the 7-wave I labeled on my chart (it's on July 1). But post it only when you have a chance, not a big deal. Have a good evening.
  • #2,659
  • Jul 6, 2009 10:50pm Jul 6, 2009 10:50pm
Quoting ridingwaves2
Thanks for the chart tazzam. But I still wonder how your software counts the 7-wave I labeled on my chart (it's on July 1). But post it only when you have a chance, not a big deal. Have a good evening.

Here is what I saw when I back test the waves back for july 1 , Look at the charts below , The 4 h looks like a mess no clear direction and the daily did not confirm countra trend candle was above moving average 6-4 high (blue) not 6-4 low , that is why i did not short the eur usd yet , Look at the charts and let me know , if you saw this chart back on june 30 you will still short the Euro on July 1?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Backtest July 1 4 h 7 6 09 26.png Size: 38 KB
Click to Enlarge Name: Backtest July 1 daily 27.png Size: 44 KB
  • #2,660
  • Jul 6, 2009 11:30pm Jul 6, 2009 11:30pm
Possible long ( CAD JPY)
1-4H showing possible conta trend trade
2-daily Formed wave 5 but no break yet to confirm BUY . I will wait for clear confirmation ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY 4 H 28.png Size: 44 KB
Click to Enlarge Name: CADJPY D 29.png Size: 40 KB
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