Now I have the same 
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- #3,546
- Oct 21, 2009 2:29pm Oct 21, 2009 2:29pm
I am intiating short on GBPUSD.... on confirmation I will add further positions.
In reference to my last chart posted here all sub-waves looks to be complete.
)I hope downing to 1.618xxxxxxx area.
I am back. Actually, I never left...
- #3,548
- Oct 22, 2009 12:38am Oct 22, 2009 12:38am
Let's test "the amazing FE" with cable. The measurement says that there is still one wave up left, ending just below prev top at 1.67
My small experience about the tool is that it generally works pretty well, but some exceptions exist, usually with special ew patterns like diagonals. Try to fib the diagonal in the graph (2.1), and you'll see. How should diagonals be fibbed, any proposals?
R
My small experience about the tool is that it generally works pretty well, but some exceptions exist, usually with special ew patterns like diagonals. Try to fib the diagonal in the graph (2.1), and you'll see. How should diagonals be fibbed, any proposals?
R
Do you know about Fib Extensions....
It was the Fib Extention (FE) of (1) and (2)....
Fib extensions works perfectly with wave theory....
- #3,550
- Oct 22, 2009 1:53am Oct 22, 2009 1:53am
Thanks for the comments. I was more referring to your earlier post where you fibbed waves 1 and 2 for estimating the length of the whole wave. And that same method I have been testing, as you can see in my cable example.
The problem I see is that when a wave starts with a diagonal, then that method does not work any more. Otherwise it is quite reliable. But for those cases a different way of using FE is needed.
The problem I see is that when a wave starts with a diagonal, then that method does not work any more. Otherwise it is quite reliable. But for those cases a different way of using FE is needed.
Well, in my experience FE works best with the expanding diagonals and expanding triangles. For contracting diagonals and triangles I use Fib Ret.
EW Theory says, atleast one wave of the diagonal should be 161.8% of the preceeding wave (mostly it is last wave of the diagonal) and I also use it as a test before concluding expanding diagonal.
I have very little experience with expanding triangles, so cant say much on that.
Have a look at the chart below.
Hi,
do you have any ideas what this could be? Because it's not common for impulsive waves to move almost perfectly in a channel. If it's not impulsive wave then this should be corrective, but where to put it in larger scale?
do you have any ideas what this could be? Because it's not common for impulsive waves to move almost perfectly in a channel. If it's not impulsive wave then this should be corrective, but where to put it in larger scale
?
