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Elliott Wave Trading

  • #4,941
  • Jan 3, 2011 3:31pm Jan 3, 2011 3:31pm
I know you are not a believer......but I can show You the elliott waves and all the way down to 1 minute charts.......with time for each wave.......

Without the time it's impossible to get great accuracy and many don't tackle that Issue.....

Each traded insturment has a resonance that creates harmony....this harmony is what I call perfect picture.....and to do that there are pulses at certain harmonic or fibo related time increments that are at varying price and volatility...this can all be determined.........

to understand about fractility you can read mandelbrou....

Honestly the study is not a scam......the MARKETS ARE.....I THING AFTER YEARS THAT i am coming close to say they are rigged.....

this comes after almost....near....perfection.......

Quoting mikeshavine
You say harmonic wave counts whats that...does it differ from ew.whats the difference..yes with cycles i understand but i thought cycles really work for long time investments...not on 15min to 4hr charts how do you link them with EW.can you educate..
  • #4,942
  • Jan 3, 2011 4:29pm Jan 3, 2011 4:29pm
you mentioned about fibo time.i used this on meta trader but it didn`t not work for me..maybe the way i was using it..i just find it intresting that people actually trade off ew..yes i can use ew bt i find it abit lighter in predicting market movements especially because some wave are extended and you can`t tell until the leg of the wave is done. as as for wave b or wave 4 those two waves are very hard to tell.....yes the zizzag is baisic to tell but they would get worse than zig-zag..you can get double zig-zag and even worse..so ew wave is abit a very intresting subject to grasp..
  • #4,943
  • Jan 3, 2011 5:40pm Jan 3, 2011 5:40pm
yes, but I found a way around that......I never read a full book.....the trick is time ......then you wont care what the complexity of the waves are.....as long as you know you are up for 15 minutes for example.......you do need to know the waves still but not to the degree they explain it......

besides....not the forecast is what makes things work right ...but also the trading strategy......... a lot of people here dont have entry and exit method example is two ten minutes candles in the direction you trade and macd being in that direction that makes sure you don't jump in to early during a breakout or if reach strategy that has macd in your favor........good complete knowledge is hard to find unless you seek it.....

If you want to know more about fibo time zones I would find some readings....bryce gilmore is one and plenty others...




Quoting mikeshavine
you mentioned about fibo time.i used this on meta trader but it didn`t not work for me..maybe the way i was using it..i just find it intresting that people actually trade off ew..yes i can use ew bt i find it abit lighter in predicting market movements especially because some wave are extended and you can`t tell until the leg of the wave is done. as as for wave b or wave 4 those two waves are very hard to tell.....yes the zizzag is baisic to tell but they would get worse than zig-zag..you can get double zig-zag and even worse..so ew wave is abit...
  • #4,944
  • Jan 3, 2011 6:14pm Jan 3, 2011 6:14pm
first post here...


[quote=Raza;4279611]
Quoting Ian Copsey
EURUSD update from 2 days ago when I suggested I thought we'd seen a double zigzag and felt we should see a triple three. It moved lower than I thought it would but made the call yesterday for a bounce from 1.3183... Here was the count with ratios:

http://i672.photobucket.com/albums/v...riplethree.jpg
I have seen you on Dailyfx...

Always wanted to ask you a Question ..

What these different Fib ratios tell You?...

What I meant is how would you know if waveB finished or waveC...
Quoting Ian Copsey
It all depends on where you are in the harmonic wave structure. If you are talking about Wave (ii) or Wave (b) (but not in Wave (iii)) then they can be just about anything.

Wave (b) of Wave (iii) in most cases 23.6%-58.6%
Wave (iv) - use alternation with Wave (ii) and look for a sum of the two between 80% and 120% - normally quite close to 100%

Wave (iii) - 176.4%-198.4% & 261.8%-294.4% cover the majority

Wave (v) - Forex - 61.8%-85.4% cover the majority...



too different...from my way...

but i knew the percentage way

percentage from harmonic numbers from Fibonacci

in all degrees of waves

great


Quoting andelumut
how can we determine the wave,,? sorry I am a nubie,,

how can we assess the wave that will continue or end,,?
application fibonacci is the answer... BUT consider the objective pattern and vs subjectively.. also Law of chart

yes harmonic EW Chart pattern...complication..



[quote=Raza;4281817]
Quoting Ian Copsey
Thanks for explaining.. I have read this on Dailyfx as well...

I agree...

Basic Fibs donot work all times


I have done some work a well...I believe every instrument of the Market

has different frequency... I have not explored other instruments but...

for EUR/USD and GBP/USD... there is an easier way to find reversals or

bounces by plotting 3 different Fib levels...INSTEAD OF measuring every

wave such as 33.3% ... 58.6% ETC...

Accuracy is Deadly ...I believe you are after the same...
[quote=Ian Copsey;4281968]
Quoting Raza

Yes, while I agree that every instrument has its own character, the Harmonic Elliott Wave structure works across every market I have tried it on and in my opinion with far greater logic.

How do you do with projections? (especially to new historic highs/lows?) Apart from Wave (iv) which can be judged with more accuracy due to alternation (oh, and Wave (b) of Wave (iii) ), other corrective waves can be anything from 5.6% to 100%... For those you just need to be aware of the internal structure and to a certain extent the...


hi Ian.. miza here...

i love these quotes...

read and very understand it...

frequency and character.. must to implement it...

huv to look its history and background of instrument....

Quoting mikeshavine
In my counting i use a modified Macd to do my wave counting...

Basically i know the higest peack on my macd represents some impersive wave of a kind so i do my wave count starting from that point..then i carry out a fibo on that wave to see wat range it follows.....if its a wave 1 then i know once that impersive wave is done iam going into a correction wave of some sort then iam aware of the next wave coming to making so i act as needed.

I also know that within an impersive wave there should be 5 waves..that make 1 big leg of a wave.......

MACD ...one of the Oscilate that Bob or EWI used
arbittration of MACD 0 is the KEY

and with
SECRET combining RSI 20-80 - tremendous results.. just like i did...

Quoting mikeshavine
I agree normal fibo levels dnt really work but iam still trying to find the levels that work..if someone can help me out on the levels they use on FSTE or forx currencies that would be of great help


Quoting mikeshavine
you mentioned about fibo time.i used this on meta trader but it didn`t not work for me..maybe the way i was using it..i just find it intresting that people actually trade off ew..yes i can use ew bt i find it abit lighter in predicting market movements especially because some wave are extended and you can`t tell until the leg of the wave is done. as as for wave b or wave 4 those two waves are very hard to tell.....yes the zizzag is baisic to tell but they would get worse than zig-zag..you can get double zig-zag and even worse..so ew wave is abit...
hi mikeshavine..

I would say...SORRY

it might ... still really dont get it the ew..

the way how to put the fib AND DETERMINE ALL OF WAVES....


agree on Granpost... cycles

..

w4?

W4 is very EASY
http://www.forexfactory.com/showpost...postcount=3486
  • #4,945
  • Jan 3, 2011 6:18pm Jan 3, 2011 6:18pm
Yes i agree on some sort of level usually having 10 candles in the direction you trade indicates either oversold or over brought conditions trading record sessions..

you see for fibo time zones yh i look at the vertical and horizontal lines where they intercect with say a reversal candle signahl then i cheack on say RSI for oversold or over bought condtions i also make sure ADX has a zero or negative slope at times i also make my wave counts to find out if iam in corrective or impresive wave..

Lat i consider R:R before i take a trade..


I dnt know if thats enough to make me profit in trading but for now thats really what i look for before i place a trade.

Can you find me some information on fibo times
  • #4,946
  • Jan 3, 2011 6:37pm Jan 3, 2011 6:37pm
I understand wave counts but i really find them not tradable based on the information they provide..yes i use them an an opion and see what they tell me but as a way of trading i find them un tradable..

Basically using the MACD =i look for the higest peak on it and i know its some sort of impersive wave so i assume its wave 3.1 or c..its its taken out by a higer peak then it the forst i took as a wave 3 is now my wave 1.. so if the new peak does not cross the zero line then the conditions of a wave 4 are not meant so i take the new peak after my 3rd peak as a 5th of wave 3..

Thats how i do my wave counts..if however the MACD after forming the higest peak does cross the zero line then i know iam in a corrective wave either a wave 2,wave 4 or even a wave b

I think thats enough for wave counts..

Yes i know the classic wave count but i find that a bit of a problem and a long process of ellitt wave counting..

Since you might get Trauncted 5th wave in other word failed Wave 5.
  • #4,947
  • Jan 3, 2011 6:41pm Jan 3, 2011 6:41pm
Quoting mikeshavine
You say harmonic wave counts whats that...does it differ from ew.whats the difference..yes with cycles i understand but i thought cycles really work for long time investments...not on 15min to 4hr charts how do you link them with EW.can you educate..
Harmonic Elliott Wave is basically a modification to Elliott's impulsive structure. Well, right from the start I have to say that from my experience R.N. Elliott (understandably) misjudged the wave structure. If you think of him 80+ years ago, he had to do all his wave analysis checks long hand. Nowadays we can generate a full range of potential wave relationships in a spreadsheet with a few inputs...

While preparing my analysis some years ago I was aware that standard Fibo ratios just didn't work. The concept of extended waves basically made forecasting a hit or miss affair as far as I am concerned. So I changed my perception and looked for moves that were related - and in the end discovered that Waves 1, 3 & 5 all develop not in 5 waves but in 3's... By using this methodology I found my projections become a lot more accurate.

On the Fib ratios - I have found that the basic ones don't really occur that frequently and that projections come more in terms of the ratios below 100% being added to 100%, 200% etc occur with increased frequency.

Then by being able to identify a Wave (iii) target with the Wave (c) target of Wave (iii) and also the internal Wave v of Wave (c) the accuracy is enhanced. I actually find this a lot easier to count as there are normally several supporting targets. It also provides better break levels when I get it wrong... so as far as I am concerned the removal of extended waves and failed fifths make this a lot easier!

It is explained in my book - but it has just gone through the 2nd edit and should be in book stores by end Feb/beginning of March. I do have an article that provides a basic explanation on my website - left hand column - on www.harmonic-ewave.com. I think that will explain a bit more for you and provide some examples. You will see on the HEW Calls page how the DJIA and gold calls I made on LinkedIn developed perfectly. The DJIA remains moving according to my forecasts...

Good luck
Ian
No I haven't got the wave structure wrong! I've corrected it!
  • #4,948
  • Jan 3, 2011 6:44pm Jan 3, 2011 6:44pm
Quoting grandpost
can you tell me about your cycles method ........I use the fib time zone on the elliott waves.....and it's stunningly accurate.....but I am a lousy trader because I am........

I just lost on that 1 hour bar that overlapped wave 4...
My cycle are fixed cycles based on weekly/monthly charts so only give you the overall directional bias. Get even into daily and they tend to go a bit haywire with translation. So the intraday stuff I don't have any solution but would like one day to have the time to look into it more...
No I haven't got the wave structure wrong! I've corrected it!
  • #4,949
  • Jan 3, 2011 6:59pm Jan 3, 2011 6:59pm
so basically your not an intraday trader using elliott wave counts..

Because yes i agree EW mihgt work so well on longer time frames like weekly,monthly but not so good for Intraday trading. Am I right???

As for Ganna squares hmmm i failed to grasp the concept really behind them..all i do is look at every point that interacts and look for reversal candle signals so i dn`t really understand the concept beind Ganna squares
  • #4,950
  • Jan 3, 2011 7:08pm Jan 3, 2011 7:08pm
elliottwaves can be traded down to the minute and timed......

Gann squares, planets, elliott, they are all the same......I overlayed the fib time zone tool on to someones gann and it matched perfectly.....

They are the same with very slight varience,



Quoting mikeshavine
so basically your not an intraday trader using elliott wave counts..

Because yes i agree EW mihgt work so well on longer time frames like weekly,monthly but not so good for Intraday trading. Am I right???

As for Ganna squares hmmm i failed to grasp the concept really behind them..all i do is look at every point that interacts and look for reversal candle signals so i dn`t really understand the concept beind Ganna squares
  • #4,951
  • Jan 3, 2011 7:17pm Jan 3, 2011 7:17pm
I would like you to post a chart with your fixed cycles.....so I can compare and understand....

Someone else If I find the paper said all waves are 3's like you......

I personally see 5........I think the problem with most people who follow elliott method is they look outside in and not inside out again.....

You can only find wave 5 by time.......the peak of wave 1 to peak of wave 3 as one cycle will result peak wave 5 at 1.618 of cycle....

All gann squares, elliott, planets, are fib time related and each fib time measurement can be broken down further........ONLY if you know the resonance

RESONANCE<<<RESONANCE>>>>>

This is what I think.....and I like to see other ideas to learn from...and I show mine for others if they are interested......

Without a doubt what I am doing is the WAY in my MIND....THE TRUE CODE BREAKER......I just need time to determine the resonance of 1 full pattern....

Since i discovered the method I only traded 1 wave and to my humble knowledge of resonance .....I was PERFECT........but a LOUSY TRADER>>




Quoting Ian Copsey
Harmonic Elliott Wave is basically a modification to Elliott's impulsive structure. Well, right from the start I have to say that from my...
  • #4,952
  • Jan 3, 2011 7:19pm Jan 3, 2011 7:19pm
Hi, grandpost:

Would you mind showing by way of a chart example, how you use fibo time zones?

Thanks!
Amor Fati--F. Nietzsche
  • #4,953
  • Jan 3, 2011 7:29pm Jan 3, 2011 7:29pm
this is basic.....I did to show how it matches someones gann chart on previous page.....

http://www.forexfactory.com/showthre...254633&page=10

I would also Like to tell you DOJI's are the most important thing in forecasting the fib time zone.....

You could search through my posts you will find mostly junk, and jibbirish, but a few may show.....

I will try and make a good well presented way of the method soon for everyone to be able to follow....
Quoting doji
Hi, grandpost:

Would you mind showing by way of a chart example, how you use fibo time zones?

Thanks!
  • #4,954
  • Jan 3, 2011 11:52pm Jan 3, 2011 11:52pm
Its getting much more interesting here...

Keep going....
Markets are not Random, they are designed!
  • #4,955
  • Jan 4, 2011 4:53am Jan 4, 2011 4:53am
time h 1
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 111 KB
one secret in the forex. im belive.
  • #4,956
  • Jan 4, 2011 5:03am Jan 4, 2011 5:03am
Attached Image (click to enlarge)
Click to Enlarge Name: Elliott Wave analysis 25 december 2010.gif Size: 10 KB


hi this is my wave on EUR
  • #4,957
  • Jan 4, 2011 10:07am Jan 4, 2011 10:07am
Quoting errich fx
Attachment

hi this is my wave on EUR

Regarding your wave count i would personally have called
wave A= wave 1
wave B = Wave 2
Wave C = wave 3
  • #4,958
  • Jan 4, 2011 10:10am Jan 4, 2011 10:10am
Quoting errich fx
Attachment

hi this is my wave on EUR
However having looked carefully..i think your wave count is right because if i took my wave count then i would have been wrong because then i would have broken wave 4 rule which states wave 4 can never go blow the start of wave 1

so based on the rules of EW then your wave count is right
  • #4,959
  • Jan 5, 2011 2:18am Jan 5, 2011 2:18am
gold weekly and montly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold m.gif Size: 86 KB
Click to Enlarge Name: gold w.gif Size: 106 KB
one secret in the forex. im belive.
  • #4,960
  • Jan 9, 2011 4:05am Jan 9, 2011 4:05am
[quote=Ian Copsey;4281968]
Quoting Raza

Yes, while I agree that every instrument has its own character, the Harmonic Elliott Wave structure works across every market I have tried it on and in my opinion with far greater logic.

How do you do with projections? (especially to new historic highs/lows?) Apart from Wave (iv) which can be judged with more accuracy due to alternation (oh, and Wave (b) of Wave (iii) ), other corrective waves can be anything from 5.6% to 100%... For those you just need to be aware of the internal structure and to a certain extent the structure...
READ YOUR WEB LITERATURE IN DETAIL....

Amazing!! Great effort

I am going to try this way of counting and plotting Fibs..

Waiting to read your book..

Raza.
Markets are not Random, they are designed!
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