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Elliott Wave Trading

  • #5,221
  • Mar 19, 2011 9:42am Mar 19, 2011 9:42am
Quoting azlan80
that's why my chart look stupid...hehe
1, silly chart - red and blue
there you go. silly charts most times make profit. lol
  • #5,222
  • Mar 19, 2011 1:45pm Mar 19, 2011 1:45pm
Quoting AZ-Heat
DJIA

Wave -iv- down to 11,850 -11,450.
Then wave -v- to 12,600 - 13,000 ?

11,555 a 33.3% retracement in wave -iv-.
Could this be the start of wave -v-?
Looking for at least a 1000 point gain if it is.
Maybe 12,950 as of now, lets see how the wave up goes.
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I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #5,223
  • Mar 19, 2011 3:07pm Mar 19, 2011 3:07pm
One more shot up in wave 5 of B.
$115.00 - $120.00 is area to start looking for a short trade.
But to a new low in wave C ? hum
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I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #5,224
  • Mar 20, 2011 5:18am Mar 20, 2011 5:18am
The Bank of Japan said explicitly last night that their intervention will NOT be sterilized. This is VERY good because it gives their intervention efforts a greater chance of succeeding. Intervention by central banks is one of the most important short-term and long-term fundamental drivers in the currency market. For short-term traders, intervention can lead to sharp intraday movements on the scale of 150 to 250 pips in a matter of minutes. For longer-term traders, intervention can signal a significant change in trend because it suggests that the central bank is shifting or solidifying its stance and sending a message to the market that it is putting its backing behind a certain directional move in its currency. http://www.kathylien.com/site/
stock , commodity , bond , forex
  • #5,225
  • Mar 21, 2011 8:53am Mar 21, 2011 8:53am
Quoting afarghaly9
Gold Elliot wave outlook... trend reversal ahead? look out people

View the attachment
PBB and nation Allied attack on Libya made me fell oil and gold getting higher?
stock , commodity , bond , forex
  • #5,226
  • Mar 23, 2011 5:25am Mar 23, 2011 5:25am
Quoting afarghaly9
Yes there is a possibility of a fifth leg higher... i closed the short at a 10$ price decline, it looks like we had a flat pattern yersterday which terminated at the time of typing, this could be a wave 4 or a wave A of 4 or a wave W of a complex leg down or a wave X of the b wave, however its likely to be a wave 4 and if it is we might see a strong push higher possible to 1500 by the end of the month
risk appetite ha? i see dolar index getting lower and lower..
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  • #5,227
  • Mar 23, 2011 11:21am Mar 23, 2011 11:21am
subjectivity is objectivity
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  • #5,228
  • Mar 24, 2011 11:11pm Mar 24, 2011 11:11pm
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  • #5,229
  • Mar 24, 2011 11:27pm Mar 24, 2011 11:27pm
Quoting clc4x
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Attachment
IMHO. wave 3 should not be the shortest...I think, EUR is exhausted with the bullish...
  • #5,230
  • Mar 24, 2011 11:29pm Mar 24, 2011 11:29pm
Quoting yesalover
IMHO. wave 3 should not be the shortest...I think, EUR is exhausted with the bullish...
i wouldn't underestimate her stamina.
  • #5,231
  • Edited Mar 25, 2011 12:11am Mar 24, 2011 11:53pm | Edited Mar 25, 2011 12:11am
Quoting yesalover
IMHO. wave 3 should not be the shortest...I think, EUR is exhausted with the bullish...
when wave 3 short and obvious....maybe wave 3 still in play?
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  • #5,232
  • Mar 25, 2011 7:13am Mar 25, 2011 7:13am
Quoting yesalover
IMHO. wave 3 should not be the shortest...I think, EUR is exhausted with the bullish...
sometimes, the MTPredictor may mistake
  • #5,233
  • Mar 25, 2011 12:25pm Mar 25, 2011 12:25pm
i dont really know and sometimes a bit confuses how to make sure the pattern of Elliottwave has EXACTLY terminated..

I am still new one..Plz anyone?
  • #5,234
  • Mar 25, 2011 10:57pm Mar 25, 2011 10:57pm
Quoting arqish
i dont really know and sometimes a bit confuses how to make sure the pattern of Elliottwave has EXACTLY terminated..

I am still new one..Plz anyone?
ew alone will not tell you if the pattern is terminated.
you can use fib as a reference point where a wave pattern might terminate as well as sup and res. but you really need some other tools.
  • #5,235
  • Mar 25, 2011 11:39pm Mar 25, 2011 11:39pm
Quoting pkimnyc
ew alone will not tell you if the pattern is terminated.
if it's 1-2 -3-4-5 then break of 2-4 trendline is the end of impulse.
More precise is the break of 2-4 trendline of the five's wave.
  • #5,236
  • Mar 26, 2011 2:05am Mar 26, 2011 2:05am
Quoting pkimnyc
ew alone will not tell you if the pattern is terminated.
you can use fib as a reference point where a wave pattern might terminate as well as sup and res. but you really need some other tools.
As EW is currently practiced, yes, it is next to nearly impossible to forecast with it as there is no clear way to work with extended waves consistently well. When I see a count that has a small Wave 1 followed by a massively extended Wave 3, mini Wave 4 and micro Wave 5 I tend to laugh as it's just a reflection of the misunderstanding of structure.

Actually, using the Harmonic Elliott Wave structure and understanding how Fibonacci works within the structural wave relationships can get you very close and on occasions smack on target.

See: http://www.harmonic-ewave.com/HEWCalls.html for examples...

There is still subjectivity though reduced and it'll never be right 100% but by George it can achieve accuracy...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,237
  • Mar 26, 2011 3:20am Mar 26, 2011 3:20am
Quoting Ian Copsey
As EW is currently practiced, yes, it is next to nearly impossible to forecast with it as there is no clear way to work with extended waves consistently well. When I see a count that has a small Wave 1 followed by a massively extended Wave 3, mini Wave 4 and micro Wave 5 I tend to laugh as it's just a reflection of the misunderstanding of structure.

Actually, using the Harmonic Elliott Wave structure and understanding how Fibonacci works within the structural wave relationships can get you very close and on occasions smack on target.

See: http://www.harmonic-ewave.com/HEWCalls.html...
Hello there... Hope you are back from your TOUR..

From your experience can you tell me WHY E/U stopped at 1.4248....besides my labelling of abc?...

It was a perfect 1.618%. just using regular EW Rules of FIBS.

Thanks.
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  • #5,238
  • Mar 26, 2011 7:40am Mar 26, 2011 7:40am
Quoting Raza
Hello there... Hope you are back from your TOUR..

From your experience can you tell me WHY E/U stopped at 1.4248....besides my labelling of abc?...

It was a perfect 1.618%. just using regular EW Rules of FIBS.

Thanks.
Nice to see a Harmonic EW count!
It is quite rare seeing a 161.8% projection in Wave iii. In fact the ratio of the count you have is closer to a 166.7% projection... The normal minimum is 176.4% but often as not is more...

I had been looking for minimum 1.4095 and as high as 1.4283... these being the 76.4% & 85.4% projections in what I felt was Wave v from the 1.2858 low. (Your Wave a is my Wave iii.) So an end at 1.4247 is within a reasonable deviation.

I am overall bearish Dollars for this year so do expect further losses later but had looked for a correction at this point. I'm still not 100% comfortable with the reaction lower so far and I'm yet to be convinced but the decline in Cable is encouraging. I'll be cautious until the decline is stronger - and should get back to the Wave b of Wave v around 1.3750 at least...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,239
  • Mar 26, 2011 8:04am Mar 26, 2011 8:04am
Quoting arqish
i dont really know and sometimes a bit confuses how to make sure the pattern of Elliottwave has EXACTLY terminated..

I am still new one..Plz anyone?
and please don't get too tide up with wave counting.
just keep it simple if you want to be a trader, and not an elliottian.
  • #5,240
  • Mar 26, 2011 8:23am Mar 26, 2011 8:23am
Quoting pkimnyc
ew alone will not tell you if the pattern is terminated.
you can use fib as a reference point where a wave pattern might terminate as well as sup and res. but you really need some other tools.
hi pkimnyc.. thank you for reply me..appreciate..I also try using fibonacci levels.. but it seems not really perfect why??... sometimes not reach , sometimes more than enough, too far... I am so desperate with all these

need some other tools? u mean MACD, Pivot Point??

plz


Thankyou Mr. pkimnyc, i am glad
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