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Elliott Wave Trading

  • #4,221
  • Feb 14, 2010 7:17am Feb 14, 2010 7:17am
Quoting loopyno
HAPPY NEW YEAR
what does the zodiac say about the new year? what kind of year is it .. rat ?
Gong Xi Fa Cai....Happy Chinese New Year...Lion Lunary....
stock , commodity , bond , forex
  • #4,222
  • Feb 14, 2010 7:19am Feb 14, 2010 7:19am
u lost me please translate
  • #4,223
  • Feb 14, 2010 7:24am Feb 14, 2010 7:24am
Quoting loopyno
u lost me please translate
gong xi fa cai = happy chinese new year...

Booommpp!!! = yarrghhh daynamite !!! - I can hear it any second..here
Zodiac says = this is Tiger Year
stock , commodity , bond , forex
  • #4,224
  • Feb 14, 2010 7:25am Feb 14, 2010 7:25am
i see
now go celebrate ... tomorrow we're going back to the charts ... have fun
  • #4,225
  • Feb 14, 2010 7:30am Feb 14, 2010 7:30am
Quoting loopyno
i see
now go celebrate ... tomorrow we're going back to the charts ... have fun
Happy new year....
we have news on monday...japan season...
see ur in laondon time ..or us season....
stock , commodity , bond , forex
  • #4,226
  • Feb 14, 2010 7:32am Feb 14, 2010 7:32am
Romanian time
GMT+2 ...
i will not be able to trade on monday because i am finishing my MBA and i have 2 more exams to pass ... one is Monday
  • #4,227
  • Feb 14, 2010 7:36am Feb 14, 2010 7:36am
Interesting thread... I trade EW all the time it is the most significant part of my trading plan. I always try to remember and apply the following though:

1. NOBODY knows what will occur next on the chart, if you did you would put your house on it and retire the next day. The fact that you don't proves that everytrader despite their bravado truely understands this...

2. EW counting is no different it only offers probability of what is occuring now and what it to come. So always be prepared to recount with each new bar if it does not meet expectation.

3. The counts can get complicated and offer different versions on the same chart, so if it seems complicated or ambiguous then I normally move up a timeframe or stand aside.

4. I only seek out the HIGHEST probability trades, that means correlated counts across multiple timeframes, clean looking counts with good wave range and a low risk entry point.


as an example I noticed a few recent posts with the GBPUSD charts on, so take a look at these versions of the same chart...

they both offer a valid wave count, the first has GU on wave 3 of w.C
the 2nd shows the current wave as wave 3 of w.3 only the future knows which one if any will be correct.

If it is a wave 3 of wave 3, then these are normally very powerful and I would expect further decline before 3 of 3 completes.

If I drilled down into the current wave I can currently break it down as being on either w3 or w5 itself, so for me the GU Daily is currently on:

Wave 3 or Wave 5 of either a Wave 3 or Wave C decline.

so at the moment I stand aside and wait to see what happens as this is definately not a low entry point.

hope this is of interest and I just thought that I would share
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd a.gif Size: 36 KB
Click to Enlarge Name: gbpusd b.gif Size: 35 KB
  • #4,228
  • Feb 14, 2010 7:39am Feb 14, 2010 7:39am
Quoting MaxDoom
Interesting thread... I trade EW all the time it is the most significant part of my trading plan. I always try to remember and apply the following though:

1. NOBODY knows what will occur next on the chart, if you did you would put your house on it and retire the next day. The fact that you don't proves that everytrader despite their bravado truely understands this...

2. EW counting is no different it only offers probability of what is occuring now and what it to come. So always be prepared to recount with each new bar if it does not meet expectation....

EW can be anywhere.....just need patient let it fold to easy dectated...
stock , commodity , bond , forex
  • #4,229
  • Feb 14, 2010 7:46am Feb 14, 2010 7:46am
Quoting MaxDoom
Interesting thread... I trade EW all the time it is the most significant part of my trading plan. I always try to remember and apply the following though:

1. NOBODY knows what will occur next on the chart, if you did you would put your house on it and retire the next day. The fact that you don't proves that everytrader despite their bravado truely understands this...

2. EW counting is no different it only offers probability of what is occuring now and what it to come. So always be prepared to recount with each new bar if it does not meet expectation....
Good judgement ! More uncertain & beyound one's understanding better wait aside for more clearer views , most of us can't.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #4,230
  • Feb 14, 2010 11:57am Feb 14, 2010 11:57am
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,231
  • Feb 14, 2010 11:59am Feb 14, 2010 11:59am
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,232
  • Feb 14, 2010 12:03pm Feb 14, 2010 12:03pm
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,233
  • Feb 14, 2010 12:04pm Feb 14, 2010 12:04pm
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,234
  • Feb 14, 2010 12:05pm Feb 14, 2010 12:05pm
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,235
  • Feb 14, 2010 12:06pm Feb 14, 2010 12:06pm
http://clc4x.files.wordpress.com/201...13feb20101.png
  • #4,236
  • Feb 14, 2010 12:24pm Feb 14, 2010 12:24pm
how can u show us chart with opposite meaning
LONG usdcad and eurusd,aussie WRONG, this condition would never met.

CAD=oil
Aussie = coal, gold

fiber up = oil up
aussie up = dollah down


i think this is a simple rule.

unless Bank of gaynada cut rates i do not see reason for opposite direction.
  • #4,237
  • Feb 14, 2010 12:31pm Feb 14, 2010 12:31pm
the charts he posted are from MT Predictor so ....

5ysfx ... regarding the dependencies you posted ... i personally tested many of them but they did not hold on the long term

do you have some alternative info source for them?
  • #4,238
  • Feb 14, 2010 12:47pm Feb 14, 2010 12:47pm
Quoting loopyno
the charts he posted are from MT Predictor so ....

5ysfx ... regarding the dependencies you posted ... i personally tested many of them but they did not hold on the long term

do you have some alternative info source for them?
Bro especially on long term just compare charts.
These day we have usd carry issue so any stocks up = dollah down until further notice.
  • #4,239
  • Feb 14, 2010 12:58pm Feb 14, 2010 12:58pm
yeah but the split i learned about 2 years ago was about the dependency between forex, sotcks, commodities, metals and Dow Jones

u are talking about specific pairs not ... forex in general
  • #4,240
  • Feb 14, 2010 1:09pm Feb 14, 2010 1:09pm
Quoting loopyno
yeah but the split i learned about 2 years ago was about the dependency between forex, sotcks, commodities, metals and Dow Jones

u are talking about specific pairs not ... forex in general
2 years ago was different condition i thought u know this.
I am talking about now, just watch what happened to eur these days, compare to aussie for example,

not forex in general usd vs others would be clearer.

Conditions been changing depend on current market needs or i would rather say "elite" needs, anyway good luck my friend.
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