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Elliott Wave Trading

  • #4,901
  • Edited 3:41am Nov 21, 2010 3:24am | Edited 3:41am
Quoting Ian Copsey
I've noticed a few references to Harmonic Elliott Wave and just wanted to say that I've begun a website which is not yet finished but does provide an introduction to the adaptations I've made to Elliott's impulsive structure which I consider a misjudgment. This is not a criticism but what I feel was a result of the limited tools Elliott possessed in his research. He would have had to calculate all wave relationships long had while I have the luxury of a spreadsheet that provides a range of potential wave projections/retracements by just entering...
you work so hard for this..at glance usdchf looks pause and emerged a correction pattern ,in other way eu are react to upside move but gbpusd still intact with down move . we might keep on eye usd index doin...maybe one side trust move will break this pattern so eu have more rooms to upside.
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stock , commodity , bond , forex
  • #4,902
  • Edited 2:11pm Nov 21, 2010 1:58pm | Edited 2:11pm
Us Dollar
---------------
Probable wave-count
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  • #4,903
  • Nov 22, 2010 6:46pm Nov 22, 2010 6:46pm
what next for the gj?
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stock , commodity , bond , forex
  • #4,904
  • Nov 22, 2010 9:59pm Nov 22, 2010 9:59pm
An update on EURUSD.
I was rather perplexed with the current position. I realized that Wave (iv) developed as a triangle and this generated a higher target. This still means we have probably seen Wave (a) higher and therefore we are in Wave (b)... Caveat is that the Harmonic structure in a Wave (a) or (c) is the same as a triple three. Normally you would not get the alternation in a triple three and an impulsive set of ratios is less likely (but not impossible.) For this reason I favor a Wave (b) and this still fits into the daily count.

One of the benefits of Harmonic Elliott Wave is that by requiring wave relationships you cut out periphery counts and normally can cut these down to 2... at most 3... The use of ratios and alternation also provides strong indications also which heightens probabilities.

15 minute chart:

http://i672.photobucket.com/albums/v...RUSD15mins.jpg

Note the almost perfect alternation that between Wave (ii) and Wave (iv) have a sum of very close to 100%. It's only a tendency but I notice it quite frequently.

Spreadsheet:

http://i672.photobucket.com/albums/v...preadsheet.jpg

Good luck chaps!
No I haven't got the wave structure wrong! I've corrected it!
  • #4,905
  • Edited 11:35pm Nov 22, 2010 11:25pm | Edited 11:35pm
Quoting Ian Copsey
An update on EURUSD.
I was rather perplexed with the current position. I realized that Wave (iv) developed as a triangle and this generated a higher target. This still means we have probably seen Wave (a) higher and therefore we are in Wave (b)... Caveat is that the Harmonic structure in a Wave (a) or (c) is the same as a triple three. Normally you would not get the alternation in a triple three and an impulsive set of ratios is less likely (but not impossible.) For this reason I favor a Wave (b) and this still fits into the daily count.

One of...
in this time eu-gu-uc doesnt meet correlation...
im switch off my count.DULL.
the correlation are uc-gu(down) so gc down..
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  • #4,906
  • Edited Nov 23, 2010 2:14am Nov 22, 2010 11:51pm | Edited Nov 23, 2010 2:14am
rest...
now this is compliment
http://www.asiafxtraders.com/ w(2)...being spot?
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  • #4,907
  • Nov 23, 2010 4:38am Nov 23, 2010 4:38am
maybe yes maybe not?
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  • #4,908
  • Nov 26, 2010 7:41am Nov 26, 2010 7:41am
i believe market still intact in down trading..?
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  • #4,909
  • Nov 26, 2010 11:57am Nov 26, 2010 11:57am
Quoting marketwavez
Us Dollar
---------------
Probable wave-count

Us Dollar

Here is the chart Update :

- - - - - - - - - - - - - - - - - -
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  • #4,910
  • Nov 26, 2010 7:18pm Nov 26, 2010 7:18pm
Quoting marketwavez

Us Dollar

Here is the chart Update :

- - - - - - - - - - - - - - - - - -
absolutely.
stock , commodity , bond , forex
  • #4,911
  • Nov 29, 2010 9:17pm Nov 29, 2010 9:17pm
Quoting azlan80
absolutely.
Bro Azlan, im GJ fans ! lets discuss... hey how come i cannot PM you ?
Trading Forever !!!
  • #4,912
  • Nov 30, 2010 9:48am Nov 30, 2010 9:48am
Does anybody use Robert Miner trading strategy here?
  • #4,913
  • Dec 10, 2010 9:37pm Dec 10, 2010 9:37pm
All credit to my view here goes to IAN COPSEY, a man with a great mind!

Daily chart of BEXP
In wave 1, wave c is 176.40% of wave a to the penny. Wave 2 retraced 50% of wave 1 by +8 cents.
Wave 3 was 605.60% of wave 1 to the penny & wave c of 3 was 161.80% of wave a of 3 by -4 cents
Wave 4 retraced 33.30% by +12 cents. Wave 5s projection is 28.47 and wave c of 5s projection is 28.46.
I have no idea if I am right, but I am going to look for a sale signal if price gets to 28.46
Attached Image (click to enlarge)
Click to Enlarge Name: BEXP 12-10.jpg Size: 81 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,914
  • Edited 10:19pm Dec 10, 2010 10:05pm | Edited 10:19pm
All credit for my view here goes to IAN COPSEY, a man with a great mind!


A closer look at Wave 5 - Daily chart of BEXP
So far, the internal count of wave 5 has a target of 28.37 - 38.41. This is very close to the larger
wave count that has a target of 28.46 - 28.47. But still waiting to see if the last high is III
(with wave IV in progress) or it is really wave V. That would be a little off the larger target price.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BEXP 12-10 two.jpg Size: 87 KB
Click to Enlarge Name: BEXP HARMONIC.jpg Size: 178 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,915
  • Dec 11, 2010 2:52pm Dec 11, 2010 2:52pm
EUR/JPY

Looking for wave -b- (expanded flat) to top out at 111.24-111.32
before a drop in wave -c- of ii. Target area for wave ii right now
is 110.00 -109.95
Attached Image(s) (click to enlarge)
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I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,916
  • Dec 12, 2010 5:50am Dec 12, 2010 5:50am
Quoting cscheat
Bro Azlan, im GJ fans ! lets discuss... hey how come i cannot PM you ?
yeah yeah....
pm me?
mail me...
[email protected]

so my ym
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  • #4,917
  • Dec 12, 2010 6:48pm Dec 12, 2010 6:48pm
This is only my view and is in no way from IAN himself. I'm just trying to see if I can figure out how he see things. I could be totally wrong in
what I am labeling. Still waiting for his book to learn more.


Caterpillar (CAT)
Looking for the end of wave -iii- (97.28-97.48), -iv- &-v- of -c- of c of B.
That area looks to be around 102-108 for now.
Then I'm looking for a big fall in wave C
Attached Image (click to enlarge)
Click to Enlarge Name: CAT 1211.jpg Size: 90 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,918
  • Dec 13, 2010 6:11pm Dec 13, 2010 6:11pm
This is only my view and is in no way from IAN himself. I'm just trying to see if I can figure out how he see things. I could be totally wrong in
what I am labeling. Still waiting for his book to learn more.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 12-13.jpg Size: 74 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,919
  • Dec 13, 2010 7:00pm Dec 13, 2010 7:00pm
I don't know if you can have an expanded flat wave ii when it comes to Harmonic waves or this was a shallow wave ii (33% retracement).
If expanded, will still be looking for at least 110.00.
If a shallow wave ii, then up we go.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 12-13.jpg Size: 93 KB
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #4,920
  • Dec 15, 2010 2:16am Dec 15, 2010 2:16am
This is what I have for EURUSD at the moment:

http://i672.photobucket.com/albums/v...riplethree.jpg

We've seen a double zigzag higher so far but I feel we shall get a triple three. Therefore the current pullback should be Wave (x). It has retraced 61.8% so is at risk of direct resumption of gains but I fancy one more dip before it goes up...
No I haven't got the wave structure wrong! I've corrected it!
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