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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #6,001
  • Oct 29, 2011 5:36pm Oct 29, 2011 5:36pm
Quoting kaka_ht
Smilemiz.Can u tell me where can I learn about FA?What are books?Now I very very want to learn FA!
good.. but FA is more difficult than TA.. u need more logical thinking a lot to intrepet..learn economy first

but sometimes .. u could be confused

books, internet.. many..
I love to read the book of THE SECRETS OF ECONOMIC INDI by Baumohl B.
  • #6,002
  • Edited 9:06am Oct 30, 2011 6:49am | Edited 9:06am
Quoting Upas
v
update
He Upas where can I find these indicators that you have?

I always like to learn the EW the simple way...is there a simple way?

smilemiz is really good at this so is vincy balboa and allot more these people in this thread.

it is really hard how to count them and where to start to count these E waves.

I always think there most be a simple way how to start learning this kind of trading.
I see allot of Fibo's on the chart I know how to plot them on the chart and most of the time I also how to use them but together with EW and to count the waves correctly is really hard.

why is there still no software or indicators that can help how to count the EW correctly?
Is it that hard to make those kind of indicators or has this allot to do with different market conditions?

However I really like to learn how to use EW way of trading and to me its really hard to read EW E-books because they are more complicated then the EW system it self.

Maybe some of you want to learn me step by step how to start with counting.

I use this FxSuperProfit to count EW but its not that accurate.


Best Regards

Johan

PS: don't punish me to hard on my EW counts I know it sucks
that is why I ask how to start
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Attached File(s)
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  • #6,003
  • Oct 30, 2011 9:53am Oct 30, 2011 9:53am
Quoting Johanl66
He Upas where can I find these indicators that you have?

I always like to learn the EW the simple way...is there a simple way?

smilemiz is really good at this so is vincy balboa and allot more these people in this thread.

it is really hard how to count them and where to start to count these E waves.

I always think there most be a simple way how to start learning this kind of trading.
I see allot of Fibo's on the chart I know how to...
Good chart & i believe this too as possible .lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #6,004
  • Oct 30, 2011 11:39am Oct 30, 2011 11:39am
Quoting Johanl66
I always like to learn the EW the simple way...is there a simple way?
There is no simple way in counting Elliot waves. His great work is based in psychology of crowds, and as psychology of investor crowd evolves, so do the waves. There are many ways of counting it and absolutely no strict rules.

If you are interested in exploring these, I suggest you walked through some of fontu's charts. He is a brilliant mind and does a lot of Elliot wave counting.

And I bow to you fontu.

T.
"I know one thing, that I know nothing." Sokrates
  • #6,005
  • Oct 30, 2011 11:52am Oct 30, 2011 11:52am
Quoting Tom_D_Trader
There is no simple way in counting Elliot waves. His great work is based in psychology of crowds, and as psychology of investor crowd evolves, so do the waves. There are many ways of counting it and absolutely no strict rules.

If you are interested in exploring these, I suggest you walked through some of fontu's charts. He is a brilliant mind and does a lot of Elliot wave counting.

And I bow to you fontu.

T.

If any technical analysis method has strict rules, then it is Elliott Wave. Ever heard about "The Elliott Wave Principle" of Frost/Prechter or the rules of Neelys work?
  • #6,006
  • Oct 30, 2011 12:01pm Oct 30, 2011 12:01pm
Quoting infinitus
If any technical analysis method has strict rules, then it is Elliott Wave. Ever heard about "The Elliott Wave Principle" of Frost/Prechter or the rules of Neelys work?
Yes. Those are evolution steps in evolving those waves.That was kinda my point.

Next point is, there are totally different waves in FX market, Futures market, Equity market, whatever. It is because there are different investor crowds. Different behaviour, different waves.

Edit: Moreover. Now I saw you wrote "technical". It is technical tool to measure psychological behaviour. Psychology aint having strict rules and is evolving.

T.
"I know one thing, that I know nothing." Sokrates
  • #6,007
  • Oct 30, 2011 2:05pm Oct 30, 2011 2:05pm
Quoting Tom_D_Trader
Yes. Those are evolution steps in evolving those waves.That was kinda my point.

Next point is, there are totally different waves in FX market, Futures market, Equity market, whatever. It is because there are different investor crowds. Different behaviour, different waves.

Edit: Moreover. Now I saw you wrote "technical". It is technical tool to measure psychological behaviour. Psychology aint having strict rules and is evolving.

T.
Hi Tom,

sorry, but the waves are not different in different markets. There are impuls-waves (motive waves) followed by corrective waves. We have about one hand full of different motive waves and 3 hand full of different corrective waves. The markets essential form is 5 waves to progress and 3 waves to regress.

The only big difference I see in different markets is between Gold and the rest, since in currencies, stocks or whatever wave 5 is carried by greed and in Gold wave 5 is a reflection of panic.

You wrote: "Psychology aint having strict rules and is evolving."

That is not the point you made. You said, that Elliott wave has no strict rules, but it has, unlike any other form of technical analysis. (unless I got it wrong)

Mass behavior reflects in Elliott wave. You can see it in each time frame, hourly, minutes, days, month, even on a 10 second chart you can differentiate between micro impulses or corrections.

The hard part of that game is to judge, what the mass wil do next with high certainty. That is the part, where EW oftentimes is erroneously seen. The Elliotticans have no crystal ball, but we can try to guess, following the rules laid out by Frost, Prechter or maybe Neely, which turn might be next.

To not accept this rules makes any attempt in counting waves worthless......
  • #6,008
  • Oct 30, 2011 2:46pm Oct 30, 2011 2:46pm
Sir, you may have misunderstood me.

I am trying to do the best with my english, but this is psychology we are talking about.

Sure, there are some similarities, like names: shock, impulse wave, correction.

And you can fit between these boundaries. But you seriously cannot compare investors in Futures with investors in FX market, simply because of nature of markets. As there are different inputs when entering different markets.

I am pretty sure there is no need to write differences between OTC market and Futures market, run by single stock exchange.

I believe, that one can observe similarities, but reaction of crowd to certain shock differs while there is a different crowd, even if it was a tiny one difference.

For example I consider FX crowd, due to the nature of OTC market, very volatile and fragile one, so waves can react more agressively.

Quoting infinitus
There are impuls-waves (motive waves) followed by corrective waves. We have about one hand full of different motive waves and 3 hand full of different corrective waves. The markets essential form is 5 waves to progress and 3 waves to regress.
Yes, but height of those waves may differ and so may lenght of those waves.


Quoting infinitus
That is not the point you made. You said, that Elliott wave has no strict rules, but it has, unlike any other form of technical analysis. (unless I got it wrong)
Yes, unfortunately it has. And I dont like that at all. Whole beautifull work about psychology of crows made by Elliott was twisted into another technical indicator. Remember, he was exploring psychology of crowds at Equity markets at 1930s. We went a long way since then (you have those butterfly patterns, Gartley and such stuff. Thats evolution).


Quoting infinitus
Mass behavior reflects in Elliott wave. You can see it in each time frame, hourly, minutes, days, month, even on a 10 second chart you can differentiate between micro impulses or corrections.
That is very true and whole my trading system is based only on this idea.


Quoting infinitus
... following the rules laid out by Frost, Prechter or maybe Neely, which turn might be next.
To not accept this rules makes any attempt in counting waves worthless......
I dont agree with you here. Because this is psychology we are talking about. At least I am talking about psychology and not mathematics.

I think one should know all of their teachings in order to understand behaviour of markets himself. But while blindly following them, market evolution can run away.

Best regards,

Tom
"I know one thing, that I know nothing." Sokrates
  • #6,009
  • Oct 30, 2011 8:01pm Oct 30, 2011 8:01pm
Quoting smilemiz
sorry to hear that.. I should escort u work fx full time
I don't trade every setup anymore.. i wait till i see i like much then i look what other good traders think of it. If they like it too i trade.

What do you think of EUR NOK ?
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  • #6,010
  • Oct 30, 2011 8:15pm Oct 30, 2011 8:15pm
Quoting longshot_nl
I don't trade every setup anymore.. i wait till i see i like much then i look what other good traders think of it. If they like it too i trade.

What do you think of EUR NOK ?
Heres another one i like Miza.(AUD NZD)
Could you maybe share your expert EW view on these if they could work or what targets could be.?

Thanks!
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  • #6,011
  • Oct 30, 2011 8:24pm Oct 30, 2011 8:24pm
Quoting longshot_nl
Heres another one i like Miza.(AUD NZD)
Could you maybe share your expert EW view on these if they could work or what targets could be.?

Thanks!
couse i am also looking to buy eur nzd...
any entry would be appreciated
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  • #6,012
  • Oct 30, 2011 10:05pm Oct 30, 2011 10:05pm
I think the markets could be putting in some sort of top here... the degree of the top will be determined by the impulsivity (or not) of the move down. The bear in me favours the iii of 3 count and the alternate the top being wave i of an ending diagonal 5th.
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Don't have an ego. Always question yourself and your ability.
  • #6,013
  • Edited 2:14am Oct 31, 2011 2:03am | Edited 2:14am
Quoting smilemiz
update Yen

I expect we are within progressing of wave [iii]
Miza Miza...XXX...

Vincy I see you...how have you been and where have you been.Is everything OK? I hope so.

Charts please.
Markets are not Random, they are designed!
  • #6,014
  • Oct 31, 2011 2:13am Oct 31, 2011 2:13am
Quoting Tom_D_Trader
There is no simple way in counting Elliot waves. His great work is based in psychology of crowds, and as psychology of investor crowd evolves, so do the waves. There are many ways of counting it and absolutely no strict rules.

If you are interested in exploring these, I suggest you walked through some of fontu's charts. He is a brilliant mind and does a lot of Elliot wave counting.

And I bow to you fontu.

T.
Thanks Tom
I will look in to fontu's charts
  • #6,015
  • Oct 31, 2011 2:46am Oct 31, 2011 2:46am
Quoting Johanl66
Thanks Tom
I will look in to fontu's charts
Fontu is a good trader,,but he does not do Elliot wave...he has #s on his chart but they are not Wave counts..cause they dont go with Elliot waves Rules...

There are Rules to the chart...and There is an Order to the Universe.

If you wanna see Elliots counting..see VINCYs chart on this very same forum..And for brief rules see the First page of this Forum.
Markets are not Random, they are designed!
  • #6,016
  • Oct 31, 2011 2:54am Oct 31, 2011 2:54am
Quoting Raza
Fontu is a good trader,,but he does not do Elliot wave...he has #s on his chart but they are not Wave counts..cause they dont go with Elliot waves Rules.
Yes, thats why I admire him. He is a brilliant mind looking at the subject from different angles.

We may be talking about different things here. I tried to explain myself to Infinitus in the post above.

Regards,

T.
"I know one thing, that I know nothing." Sokrates
  • #6,017
  • Oct 31, 2011 9:07am Oct 31, 2011 9:07am
Last one, EUR GBP.
I put some EW analysis on there too.
I look forward to some good reactions.
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  • #6,018
  • Oct 31, 2011 4:05pm Oct 31, 2011 4:05pm
Quoting Johanl66
He Upas where can I find these indicators that you have?

I always like to learn the EW the simple way...is there a simple way?

smilemiz is really good at this so is vincy balboa and allot more these people in this thread.

it is really hard how to count them and where to start to count these E waves.

I always think there most be a simple way how to start learning this kind of trading.
I see allot of Fibo's on the chart I know how to plot...
Hi Johan ...

me? not really

No.. never ever in simple step
  • #6,019
  • Oct 31, 2011 4:06pm Oct 31, 2011 4:06pm
Quoting fontu
Good chart & i believe this too as possible .lets see .
fontu
A
G
R
E
E
  • #6,020
  • Oct 31, 2011 4:13pm Oct 31, 2011 4:13pm
Quoting infinitus
If any technical analysis method has strict rules, then it is Elliott Wave. Ever heard about "The Elliott Wave Principle" of Frost/Prechter or the rules of Neelys work?
Quoting Raza
Miza Miza...XXX...

Vincy I see you...how have you been and where have you been.Is everything OK? I hope so.

Charts please.


Markus.. Its been a long time.. How r u?

I miss everyone!!

Raza.. How r u there?

Miss Everyone.. All of you here...

I m still busy and doing my new study and research about Market Analysis..
also my job .. cause for me, EW is alone is not enough to get conquer the market

Markus, Hmm.. u know i am elliottician who not really the pure elliottician! the rules of Neely is more logical
and EW is more subjective..



Now, I m not feeling so well.. Sick

I try my best to come often to show my analysis here.. ok

So forgive me, if I can't
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