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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #2,061
  • Aug 22, 2010 10:03am Aug 22, 2010 10:03am
W.B

Usually a three wave pattern.
Wait for at least a 50% retracement of related W.A before entering a trade
PRICE
> 50% < 78.6% of W.A

TIME
> 50% < 100% of W.A time



What you have is an impulsive wave down on EU Wav IV was 38% of Wav II & time was 1.75% of wav III.

On the EU 1hr I only count 3 waves so far I, II, III (or still in III) OF wav V
Since wavI is shorter than wavIII Wav V can be extended.- so trading corrections can be very risky mon/tues.

Labeling isn't as important as knowing the basic rules though-- 5 waves one way and three the other-- when you get 5 waves in both directions get your count right- its either a reversal or wav IV.
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  • #2,062
  • Edited 11:01pm Aug 23, 2010 10:50pm | Edited 11:01pm
Quoting vincy balboa
Now an a Equilibrium wave on Gbp/Usd..
patient is winning
Gbp/usd update what could be ..


Stuck on The EQ levels .. TG angle
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DRAGON-TECHNICAL ANALYSIS!
  • #2,063
  • Aug 23, 2010 11:11pm Aug 23, 2010 11:11pm
Quoting Jefftrader
W.B



Labeling isn't as important as knowing the basic rules though--
hi my good man Jefftrader

Good count' But i wouldn't Agree with this Point Of View...


every time The market Doesn't Has 5 wave correction now a day we have Lot of Ew Points..

Here is My Count ..

Every body Pls make your Chart Easy and Simple

Eur/usd C ziz zag
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DRAGON-TECHNICAL ANALYSIS!
  • #2,064
  • Aug 23, 2010 11:27pm Aug 23, 2010 11:27pm
Yuck Yuck Yuck......................hate it

Yesterday I drunk Bacardi Breezer .............
4.8% A.C level , Alcohol

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DRAGON-TECHNICAL ANALYSIS!
  • #2,065
  • Aug 23, 2010 11:34pm Aug 23, 2010 11:34pm
WEBINAR...........ELLIOTICIAN


here is The Link https://www2.gotomeeting.com/en_US/i...on=rgoto&_sf=5


.....

31' Aug, 10 .......


I dont know what he going to teach But Please Apply also your Brain , To Bring new Ora of Elliot wave


Regard

Vincy balboa
DRAGON-TECHNICAL ANALYSIS!
  • #2,066
  • Aug 24, 2010 1:49am Aug 24, 2010 1:49am
Quoting vincy balboa
hi my good man Jefftrader

Good count' But i wouldn't Agree with this Point Of View...


every time The market Doesn't Has 5 wave correction now a day we have Lot of Ew Points..

Here is My Count ..

Every body Pls make your Chart Easy and Simple

Eur/usd C ziz zag


BEER

N.P>-- I wouldn't label 38% as a B wave is all- but it doesn't really matter how one labels as long as they can $$$ from it
  • #2,067
  • Aug 24, 2010 2:14am Aug 24, 2010 2:14am
really feeling you on this. Have been reading on EW recently but without much progress, kinda complicated. Mind tutoring me? Will be grateful.
Mediocrity is costly, contentment is great gain.
  • #2,068
  • Aug 24, 2010 11:05pm Aug 24, 2010 11:05pm
Quoting Jefftrader
BEER

N.P>-- I wouldn't label 38% as a B wave is all- but it doesn't really matter how one labels as long as they can $$$ from it
Hi My Good man Jefftrader


Every Time Fibo, Never Give the Right way of Elliot wave Level. Yes but we calculated what can be Possible? ..

That is Sharp ziz Zag level..

and It not going to be 5 wave Correction
DRAGON-TECHNICAL ANALYSIS!
  • #2,069
  • Aug 24, 2010 11:07pm Aug 24, 2010 11:07pm
Quoting The Watcher
really feeling you on this. Have been reading on EW recently but without much progress, kinda complicated. Mind tutoring me? Will be grateful.
Hi My good Man watcher
I love to read Ew, and I Really Couldn't Understand what do you mean about Complicated.

Gbp/usd Double Fol - Triple of xC

or

Eur/usd Zig zag ..

..
DRAGON-TECHNICAL ANALYSIS!
  • #2,070
  • Aug 25, 2010 7:16am Aug 25, 2010 7:16am
can see how so many people keep getting the waves counts wrong. and thats where i got a problem.especially how to draw the waves on my chart accurately.
i wont want to draw it wrongly and place trades based on a wrong info..trust u understand what i mean.
guess i still need loads of education on EW to be able to use it adequately.if you could help me with that, will be thankful.
Mediocrity is costly, contentment is great gain.
  • #2,071
  • Aug 25, 2010 4:00pm Aug 25, 2010 4:00pm
It's hard and it is work but it needs conviction and talent.....It's best to count waves based on fibonacci measurements.....and it's best to use bigger pattern as a footprint to the smaller fractal pattern.....It's also important that you have time in perspective.....waves are related in time and price movements in fibonacci proportions......at least for eur, and Gbp vs usd and still you may get it wrong ......I also use a momentum system hand in hand....the oscilliators give you the best readings of the elliott count.....extremes , divergence in oscilliator are complimentary to the appropriate wave count it's sort of like reading volumes in stocks to know if moves completed or not in forex we use momentum.....

No volumes in forex.....


For alll I care it's a computer running........there is an exact revealing code and footprint for each insturment traded ..........it's all been HACKED....even the electorial counts......lol......so no matter what you do BUSH wins......
Quoting The Watcher
can see how so many people keep getting the waves counts wrong. and thats where i got a problem.especially how to draw the waves on my chart accurately.
i wont want to draw it wrongly and place trades based on a wrong info..trust u understand what i mean.
guess i still need loads of education on EW to be able to use it adequately.if you could help me with that, will be thankful.
  • #2,072
  • Edited 10:14pm Aug 25, 2010 9:34pm | Edited 10:14pm
Take a look at this....

Below 1.2450 invalidate this..or it still may be possible..so my Stop loss below 1.2450

Ideal Place to go long would be 1.2512 Precisely....
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Markets are not Random, they are designed!
  • #2,073
  • Aug 25, 2010 9:46pm Aug 25, 2010 9:46pm
wow raza you r long term trader i ll show you mine but dont laugh
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  • #2,074
  • Aug 25, 2010 10:06pm Aug 25, 2010 10:06pm
Quoting nawafasad1
wow raza you r long term trader i ll show you mine but dont laugh
Medium term.... WANNA BE A LONG TERM....but there are no opportunities with ..0.. Drawdown these days..

So just trading waves by waves...

What I have labelled as WAVE B.. could also be wave#1 Up.... The 1.18 low may have been wave#4 in the Bigger TFS.( Daily / Monthly)
Markets are not Random, they are designed!
  • #2,075
  • Aug 25, 2010 10:16pm Aug 25, 2010 10:16pm
Morning all, May i join here? My view for GJ, IMHO
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  • #2,076
  • Aug 25, 2010 11:29pm Aug 25, 2010 11:29pm
Quoting The Watcher
can see how so many people keep getting the waves counts wrong. and thats where i got a problem.especially how to draw the waves on my chart accurately.
i wont want to draw it wrongly and place trades based on a wrong info..trust u understand what i mean.
guess i still need loads of education on EW to be able to use it adequately.if you could help me with that, will be thankful.
I still Confused on You , Watcher My Good man ..

so Lets see your Count then I can make Judgment.. on ur chart Right or wrong
DRAGON-TECHNICAL ANALYSIS!
  • #2,077
  • Aug 26, 2010 3:54am Aug 26, 2010 3:54am
Morning to you...

Here is my chart posted.let me know what you think please. thanks

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Mediocrity is costly, contentment is great gain.
  • #2,078
  • Aug 26, 2010 3:59am Aug 26, 2010 3:59am
Hey grandpost,

Thanks a lot.... wish i could buy you some bottles of those beer Vincy likes.. goood man.
Mediocrity is costly, contentment is great gain.
  • #2,079
  • Aug 26, 2010 7:12pm Aug 26, 2010 7:12pm
Quoting Raza
Medium term.... WANNA BE A LONG TERM....but there are no opportunities with ..0.. Drawdown these days..

So just trading waves by waves...

What I have labelled as WAVE B.. could also be wave#1 Up.... The 1.18 low may have been wave#4 in the Bigger TFS.( Daily / Monthly)
raza i ll be watching for that count though it s different from mine but i do agree going long at 1.25xx area . the waves might show us if it a pullback or a reversal gl and keep them coming we miss them charts
  • #2,080
  • Edited Aug 27, 2010 12:23am Aug 26, 2010 11:17pm | Edited Aug 27, 2010 12:23am
Quoting The Watcher
Morning to you...

Here is my chart posted.let me know what you think please. thanks

Attachment
NOT HAPPY !!!

sorry To say that But you Didn't Mention any Of You Reliable Point, Why every body Trade Basis Of your Chart and talking about your Elliot wave ..


Where is 5 wave Correction you haven't Mention it" to your Chart .. and Remember 3 Wave Correction should be Longer wave count..

and

why Your Wave B Is Up Side ...........and A wave Is also UP side..

Wired sorry But I Can't Explain More To you ..

Please Read Elliot wave by Robert P, more Then 10 Time ..



Warm Regards

Vincy balboa
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DRAGON-TECHNICAL ANALYSIS!
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