Elliott Wave Trading

CORRELATION
DAILY TF
EU : b.bands upside ride , p.sar breakout , macd d uptrend.
EC : b,bands upside ride , p. sar breakout , macd under - 0
stilll upside bias,
UC : B.Bands (neutral) , p.sar breakout , macd -0

4H :
EC already break it last high...w3 are on move ..
UC : wave 1..already on move...in and seem correction are on going to w2. H&S maybe an alert of turning point bearish reversal. but im ignore a down move.

Action to wait:
EU still upside momentum , EC Upward move, UC finish correction and wave 2 a seen All 1H chart

subjectivity is objectivity

subjectivity is objectivity

Update on Caterpillar - Still looks on track from post 4917

Update on BEXP - Up is still the idea, atleast to $31.00
Wave count could also label 3 & 4 as waves A & B.
Either way, when completed, looking for price to drop to $17.00+-

Check out MAT weekly/Daily looks like we might get a B wave 25.50-26.00 before retesting 20. (Also last area of large Volume Buys)

i hope so..

GJ is on divergence

eu(dwn) uc(range) ec(dwn)

cad strong....but other pair weak was ausdollar and kiwi...
1H time frame...(see the buy side are only 2 with profit level , sell are almost 26 of them) and the anchor pair for sell said dominated with cad.
And the ruler ( are on range side).

did u think still upside?
what next for the yen..gj
still optomize trading taking place...carry trade keep waiting..

optimize trade
means : eu gu (up/down) and uc uj (up/down)
ej gj switch off...keep waiting..
my favor still uj going down..

hi all,

my eur/usd charts.

Your feedback's are welcomed.

Gbp/Usd weekly chart

You're getting close to Harmonic Elliott Wave... If you raised your Wave (i) to the next swing high then you'd find the 1.3456 high was just 5 pips above the 261.8% projection. You'd also have a Wave (a) at 1.3143, Wave (b) at 1.3088 (close to a 33% retracement) and a 198.4% projection in Wave (c)...

Nice to see you have used a 3-wave Wave 5... One thing... what you'll find is that the 1.3537 high was a perfect 38.2% expansion of the 1.3456-1.3243 decline... so could be considered an expanded flat...

As a possible Wave (v) it is around a 50% projection which is not impossible and should be considered as possible but you'll tend to find the majority of Wave (v)'s develop between 61.8%, 66.7% and 76.4%...

Ian this post is unexpliable and I am starting to doubt your abilities.........can you show me something to believe you........

I mean ofcourse you don't have too ; but this elliott count and your perspective either you are looking at things being a GENIUS or you are really lost like the rest of us.....

If you care to clarify or post a trading history it would be awesome.....sorry bad day......

OK, what part has upset you? I have explained the count I have been using. Yesterday I identified the 1.3537 level as being important being the 38.2% expansion. I prefer the expanded flat scenario. I'm not quite sure why anything in inexplicable...

Just to clarify, here are the resistance levels I supplied yesterday (to non EW clients) ... note the 1.3506 (23.6% expansion) and the 1.3537 (38.2%)... were hit perfectly...

http://i672.photobucket.com/albums/v...RUSDSR1-19.jpg

There is a copy of this on my website... in case you think I've made this up...

Hi, i posted the following on another thread but jsut came across this thread now, can someone comment on my analysis pls:

posted on: Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

Hi,i wish to learn this Elliot Wave and have attached my first chart (so don't laugh!!), can someone verify or guide me pls.

(i)As you can see wave i is at bottom and shoots up,
(ii) wave ii is a pullback to 23.6% FIB
(ii) wave iii is a continuation and is NOT the shortest
impulse wave

now at present:

(iv) wave 4 is a pullback and does not retrace to
wave i area at all, once a pullback occurs, it could
(v) resume to wave v which is continuation of BULL trend

After this we will then get the A,B,C which will be a
trend reversal right??

OR

has that already occured and we are now in ABC trend reversal as i have marked possible wave iv & v also (in BLUE)

I know its very simplistic but have i got the basics right first and any suggestions on what i need to learn (more) or (next)??

Let me explain my thinking process... as there were (to me) some conflicts and things that weren't totally "normal" as far as the Harmonic structure...

First, here's my chart:

http://i672.photobucket.com/albums/v...ally2chart.jpg

Firstly, the first Wave -c- extension in Wave -i- was a very common 105.6%. The pullback in Wave -ii-... well I like them to be on the standard retracement ratios but this one was 45%. The projection in Wave -iii- was 5 points above the 261.8% projection. I didn't favor that on the day since 198.4% projections in Wave -c- are not that common. However, I did list 1.3451 as a resistance level...

Now, as a tendency I have noted that the sum of the Wave -ii- and Wave -iv- percentage retracements commonly come to around 100%. I haven't run any stats but I reckon a 1 std dev come within 90%-110% and 2 Std Dev between 80% and 120%. Hence on the pullback, while I noted 1.3243 was very close to the 41.4% retracement I tended to favor the 50% at 1.3209... which obviously didn't occur. However, the sum of the two came to just short of 90% so within the "tendency" range...

Here's the spreadsheet:

http://i672.photobucket.com/albums/v...urlyRally2.jpg

OK... So the decline to 1.3243 was a bit vague but I thought there was a chance that it was in 3 waves - so I calculated the 23.6% and 38.2% expansions which came to 1.3506 and 1.3537. I chose the 1.3506 one for the target due to the fact that the projections from 1.3209 (if it had retraced in Wave efc) would imply Wave -v- targets just below 1.36 and the 76.4% above 1.36... It's this that made me uncomfortable since the 1.3537 level was a bit high compared to what should be a bullish follow-through in Wave -v-...

However, the conflict was that the rally to 1.3537 saw a deep Wave ii and a deep Wave iv... 90% and 50% respectively - so a high total of 140%... Therefore I had the conflict between ratios that are unusual and the (possible) Wave efb peak which looked too high in relation to the eventual Wave -v- target...

Having done the analysis this morning yesterday's drop in EURUSD looked to be a double zigzag... and therefore a correction. In addition, the time taken for this process would make the expanded flat just far to bulky for the structure.

In that case I had to accept the 1.3537 high as Wave -a- and then had to decide whether the pullback to 1.3395 (50%) in Wave -b- was enough or whether it could see one more dip to 1.3355 being the 61.8% retracement - quite possible given the move lower seems to have made a double zigzag.

It is beginning to look as if it will go directly higher - which given I need USDCHF to move lower again is in agreement. It is also in agreement with the Dollar Index which is just completing a Wave -c- of Wave -v- decline in daily Wave (b) of Wave ^e in a triangle.

Thus, once all these moves complete then the Dollar should rally strongly again...

Has that made things more digestible?! The Harmonic Elliott Wave structure is good for me as it provides greater structural awareness, and the requirement for ratios across wave degrees to match. However, they're not all perfect, sometimes I scratch my head and wonder what the heck is going on... However, overall it tells me much more... and even the break down - here, quite clearly the reversal level is the 50% pullback in Wave -iv- at 1.3209... I'd now prefer it to rally to target first. However, if it gets to 1.3700 I have doubts that it'll make a new low... I think USDJPY and USDCHF will provide the driving force for the Dollar Index to rally... (Although USDJPY could take a while to take off...)

Ian