Perfect Wave - 2011-Q4

#1
First Post: Oct 1, 2011 1:59pm Oct 1, 2011 1:59pm

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

I am starting a new thread for 2011 Q4 (Oct - Dec), including EUR, SP, Gold, and JPY. My wave counts of last quarter can be found from:
http://www.forexfactory.com/showthread.php?t=302056

Elliott Wave reference can be found from:
http://en.wikipedia.org/wiki/Elliott_wave_principle

My labeling for wave degrees in different time frames:
Monthly - [[[i]]], [[[II]]], [[[III]]], [[[IV]]], [[[V]]], [[[A]]], [[[b]]], [[[C]]]
Monthly - [[i]], [[II]], [[III]], [[IV]], [[V]], [[A]], [[b]], [[C]]
Weekly - [i], [II], [III], [IV], [V], [A], [b], [C]
Weekly - I, II, III, IV, V, A, B, C
Daily - 1, 2, 3, 4, 5, a, b, c
Daily - _1, _2, _3, _4, _5, _a, _b, _c
Hourly - __1, __2, __3, __4, __5, __a, __b, __c

#2
Oct 1, 2011 2:17pm Oct 1, 2011 2:17pm

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

10/01/2011 Monthly Charts

Comments are welcome!

http://www.trade2win.com/boards/atta...sp-monthly.png

http://www.trade2win.com/boards/atta...py-monthly.png

http://www.trade2win.com/boards/atta...ld-monthly.png

http://www.trade2win.com/boards/atta...ur-monthly.png

#3
Oct 5, 2011 7:11pm Oct 5, 2011 7:11pm

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

10/05/2010

Comments are welcome!

http://www.trade2win.com/boards/atta...5-sp-daily.png

http://www.trade2win.com/boards/atta...-jpy-daily.png

http://www.trade2win.com/boards/atta...gold-daily.png

http://www.trade2win.com/boards/atta...-eur-daily.png

#4
Oct 5, 2011 8:42pm Oct 5, 2011 8:42pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

My only comment is that "true" Elliot Waves are present in the market only approximately 50% of the time. All the rest is "noise". X's and Z's and 6,7,8,9 10's are overkill in my opinion.

Trying to label every twist and turn distracts from the main purpose of studying charts and that is to find trade possibilities.

#5
Oct 16, 2011 1:36am Oct 16, 2011 1:36am

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

SunTrader - Thanks for commenting. I agree that there is lot of noise in the market. The beauty of EW is that all those noises can be explained by reasonable wave counting.

Quoting SunTrader

Disliked

My only comment is that "true" Elliot Waves are present in the market only approximately 50% of the time. All the rest is "noise". X's and Z's and 6,7,8,9 10's are overkill in my opinion.

Trying to label every twist and turn distracts from the main purpose of studying charts and that is to find trade possibilities.

Ignored

#6
Oct 16, 2011 1:37am Oct 16, 2011 1:37am

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

10/16/2011

Comments are welcome!

http://www.trade2win.com/boards/atta...6-sp-daily.png

http://www.trade2win.com/boards/atta...-jpy-daily.png

http://www.trade2win.com/boards/atta...gold-daily.png

http://www.trade2win.com/boards/atta...-eur-daily.png

#7
Oct 16, 2011 2:16am Oct 16, 2011 2:16am

Hedge212
| Joined Sep 2011 | Status: Trader | 98 Posts

people who are in love with elliot wave have a selective seeing problem, when it works out they jump up and down and as in most cases it dont work out they make no mention of it

on wall street you have 2 groups, those losing money and in love with EV and those who make big money who like to laugh at EV and other indicators

I spent 2 years there

#8
Oct 16, 2011 2:19pm Oct 16, 2011 2:19pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting snowrider

Disliked

.....The beauty of EW is that all those noises can be explained by reasonable wave counting.

Ignored

I disagree about the all part.

Have at it.

But I don't agree with Hedge212 that it can't be profitably done.

#9
Oct 16, 2011 2:21pm Oct 16, 2011 2:21pm

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

Quoting Hedge212

Disliked

people who are in love with elliot wave have a selective seeing problem, when it works out they jump up and down and as in most cases it dont work out they make no mention of it

on wall street you have 2 groups, those losing money and in love with EV and those who make big money who like to laugh at EV and other indicators

I spent 2 years there

Ignored

Hedge212 - Thanks for commenting. Sorry to hear that you have "spent 2 years there" (with EW) and without any success. EW is actually one of the best TA approaches that I have experienced with. A mature EW technician will not have any "selective seeing problem" because all scenarios need to be considered. And "when it works out", they won't "jump up and down" because everything is known and just another same old thing that there is nothing new under the sun. If the preferred wave count does not work, the alternative count takes over right away, and why do "they make no mention of it"???

I understand that you have big frustration on EW ... "on wall street ... those losing money and in love with EW" ... so you departed from EW because it did not get you what you wanted?! Please honestly ask yourself if one should blame her teacher if she is not able to pass an exam? Let me tell you the truth, a 3-year-old kid's stock pick will be better than that from the average fund managers on wall street.

#10
Oct 16, 2011 2:22pm Oct 16, 2011 2:22pm

snowrider
| Joined Jul 2010 | Status: Trader | 333 Posts

Quoting SunTrader

Disliked

I disagree about the all part.

Have at it.

But I don't agree with Hedge212 that it can't be profitably done.

Ignored

Thanks SunTrader, I agree with you. Let me take the "all" back and replace it with "most".

#11
Oct 16, 2011 4:01pm Oct 16, 2011 4:01pm

Hedge212
| Joined Sep 2011 | Status: Trader | 98 Posts

Quoting snowrider

Disliked

Hedge212 - Thanks for commenting. Sorry to hear that you have "spent 2 years there" (with EW) and without any success. EW is actually one of the best TA approaches that I have experienced with. A mature EW technician will not have any "selective seeing problem" because all scenarios need to be considered. And "when it works out", they won't "jump up and down" because everything is known and just another same old thing that there is nothing new under the sun. If the preferred wave count does not work, the alternative count takes over...

Ignored

ok you didnt understand what I said, first off I noticed those who like EW have a crazy cult like mindset, pretty funny

second, I never used it, I worked around guys that made million of dollars a week sometimes in a day, some here know me, I WAS NOT ONE OF THEM, I was the geek there, EW was a big joke there for the old timers who made money yet the new comers always wanted to try it, did it work sometimes? everything works sometimes, but I have yet to see anyone there trade with anything other than naked charts, some used fibo, KEEP IN mind the trades there because of regulation or whatever where not short term trades as in scalping, they setup trades sometimes to be in it for days weeks and or months

PS no mt4 either lol this office was all Bloomberg term. not knocking mt4 just saying, they use a company fcstone and one other for fx leverage they used was 1:20

#12
Oct 16, 2011 4:37pm Oct 16, 2011 4:37pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Stick around trading, on Wall Street or Main Street, and you will "discover" there is no one way to succeed.

For every trader that says X doesn't work Y does, there is one who says the opposite.

Boring waste of time.