Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

My Good man Naish,


Greetings


When you are Showing or trading Based on Long Term or Swing trade so your Oscillator etc
Should be Sharp level.

via versa

when you are Showing or Trading Based on Short term or Scalping so your
Oscillator etc
Should be Slow level.


Best'
VB

Hello,


here are proposals for counting the EURUSD to think about from www.traderzlounge.de:


http://imageshack.us/photo/my-images...weurusd66.png/


Sixer

????????

Hi Sixer,

take a second look at that count. Either it sucks big time or I need glasses.

The count in the lower right corner (long time) is OK and nearly inline with mine, but the count in the main-chart does not make sense.<


Best to you,

Markus

infinitius,


let`s wait and see. Each count which differs from yours makes no sense to you !



Sixer

Sixer, I hope you know that that what you said is complete nonsense........

I really seldom say that a count does not make sense. But I can assure you that a majority of counts found in the Internet are plainly wrong or deal with counts which have the probability against them right from the start. EW is a play with probabilities. If you say that because of my criticism towards marketvisiontv.com a few weeks ago I showed that I was right in my critique regarding the point, that they change every here and then their count, oftentimes twice a day. I think they read it and changed their tactic. Since then their counts are more consistent, better thought out. Over weeks their counting in EURUSD was a desaster. Since a few days I like to look at their counts again.

I accept every count which is reasonable, heck I have even published counts from Neely and Caldaro on my blog although they use a bastardized version of EW.


So take a second look at your link:

first see the small chart in the right corner. That is their long term count.

Now watch the main chart. That is their short term count. If you can explain their placement of red (a), red (b) and red (c) I will shut up and declare that I have no sense for EW.

They try to explain their labeling with a running correction, I think they mean a running flat.

Such running "corrections" would show, that the forces of the main trend are so high, that they do not allow a "regular" correction. Price is pushed in a corrective way in the direction of the trend. Another form of such a correction is a skewed triangle.

Running flats on small wave degree you can see pretty often in Forex. Running flats on such a degree as labeled are seldom. Prechter says, that 9 out of 10 times you label a running flat you will be proofed wrong.

But now look at this running flat in the context of their long term count:

They have us now in an ending diagonal. That is possible. The move should be an impulse, but market thinks that things have gone too far too fast. So the impulse is crippled to an impulse, that consists only out of corrective ABC's.

Here again probability is against us: Only a very small number of ending diagonals occur in a final C wave position. Here we might have a better chance, because ED's are normally found at termination points of larger patterns, indicating "exhaustion of the larger movement".

Now read again: "exhaustion of the larger movement".

So when this up-move is exhausting, where do you believe the market takes the power from to do a running flat inside of this ED, where between the termination points of A and C nearly 1200pips are????

I welcome and encourage you to look for interesting/good/reasonable counts on the Internet. But do not believe that every count on a professional looking Internet-site is a good count.


The very best to you,

Markus

infinitius,


fyi, the shown alternative count is acc. to the elliott rules nothing more or less. It fits the fundamentals more than the nonsense you have tried to explain.


Sixer

Dieter,

I do not know what problems you have with constructive critic. You can label charts in many ways in EW and be inside of the "rules" and "guidelines". That is especialy true for EW in Forex since the waves here are oftentimes not as clear as we would wish for.

But if you can not understand the word "probability" look it up in a dictionary.

If you think that my reasoning was nonsens, feel free to declare the whole EW aproach as nonsense. But it does not make the shown count look better.

And if you feel that my reasining about running "corrections" was wrong or nonsense, I am eager to hear your view.

Did you stand up with the wrong leg this morning or what?


Markus

Sorry, have forgotten the following questions:

a) Care to comment about the fitting fundamentals?

b) thought, EW is in the first place a gauge of social mood. Was is your take here?

USD CHF bottom reached or another wave down.?

EURUSD chart update>>>>>>

Hi ZhouYun,

very very good :-)

I thought too that we would see a wxy correction. But in the end it was an impulse (even when the internals of the impulse were not very clear).

Have a nice day/night,

Markus

Hello ZhouYun.h and infinitus and guys, i've read this articles http://www.wavaholic.com/2010/01/ell...uidelines.html. I see FLAT in chart from ZhouYun
http://www.forexfactory.com/attachme...1&d=1307461670

Wave c is a impulse wave ( 1-2-3-4-5 ), but look like it is too far the end of wave a. Is it a possible count? Hope you have some free time to explain it. Thank you and sorry my bad english.

Hi Kotlt,

your English is good. No need to excuse :-)

Prechter has defined the rules for wave C relatively tight. I have seen a lot of flats where wave C was e.g. 262% of wave A.

When I remember correctly, Neely allows wave C's of a flat much more room than Prechter. Keep in mind: Prechter says "usually" :-)

Vincy...still C or price too high?

My good man Zmissler,


Greetings


Sooner you will knw,Time is Important pls View your 4 hour Chart with RSI 14 Period.


and also Something Just Clicking My Mind, But I couldnt Get is the EUR/USD saying something to me..
I just Understanding the Technic of Future Trade.

Need to Follows the Instructions.

Best
VB

I noticed you use rsi a lot, i have 14 on all my charts...good resources to learn? how do u predict so well the rsi move thanks

THank you for your time .

EUR/USD daily......

JimboFX,

why doesn`t start your ED count/pattern at the 1.18 low already ?


Sixer

@Long
entry: 1.4570/80-now
SL:1.4500
Tp: 1.52+

http://img2.imagetwist.com/th/00324/h6eo9u0wab98.jpg