Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

You two both Lear a lot.

M also Good Learner!

Thank you very much :-)

Gann-Fans, interesting.......

This evening I spent a lot of time to come up with a reasonable count on Gold. Sometime we can't see the forest for the trees :-)

A switch to higher TF's brings then oftentimes the solution.


Here is the count on 6h TF

Wave green 1 is around 62% of wave green 3 (or green 3 around 162% of green 1). If we asume wave green 3 eaquals wave green 5, then we get a target around 1829.4, which would coincide with the 74.6 retracement of the wave red 1.

Second best target out of measured moves is the area surrounding 1852 as marked on the chart


In green wave 5 we are probably now in subwave 3 (sub-subwave 4 of subwave 3). Out of messured moves this subwave 3 can run easily up to 1821, maybe the target for subwave 5 is then the above mentioned 1829.4 or 1852

RamsesII,

you are right - it is a three wave pattern not an impulse as Vincy has shown:

http://imageshack.us/photo/my-images...urusd5711.gif/

Sixer

If someone would have the time to give me a lesson I'd like to here the criticism..

Regards

Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.


Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.


Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.

Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see Fibonacci relationships below). Volume is well below than that of wave three. This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.

Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).



Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets.

Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative.

Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond

first idea.. 1.392

but not interesting to me to open long anymore

i just keep my short

i am so glad.. so how 's the Wedding

Hi Chillypiper.. hmmm.. i s this Elliottwave counts? otherwise I could help

Okay! Need to study more I take it.. Thank you iqyu5an...

Guys...

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n

i think.. this is not right to share this..

But we are human.. and i am very emotional with this tragedy that happen to him.. our friend here

Mr. fudomyo

http://www.forexfactory.com/showthre...17#post5109717

at least , pray to him.. I already reply and pm him.. there

i am so ..really sad

i am studying it also that's why i come to this thread

Thank you Miz, Yes attemt to count the 5 waves and know there is XYW and maybe XX too ( I think ), but just start to learn..

Well Chillypiper,


I do not know where to start....... :-)


Only one look to invalidate your count:

look at your wave 3 - it is the shortest

Your "impulse" shows heavily overlapping waves.

Even if you tried to count a diagonal, read again the chapter about diagonals in EWP


Why do you try to count such a sideways mess as an impulse?

Keep in mind: Most impulses are beauties and can be spotted easily.

ouch my eyes!!

kidding

Yes! Not knowing him too much, but I pray too for his betterness! Tuff time for him right now..

Count. label = to limit it

and then knowing the direction

with a degree of wave ( critical) and rules&Guidelines of EW . .must remember

to make it fit and perfect

Fibonacci is the one tool of EW for the price level especialy

........but for me, the Elliottwave alone cant conquer the market by itself

LOl.. So like your saying I have some room for improvement? Not trying to waste anyones time, but feel it's my next step to my jorney here. I will do my best not to post "crap" and seam as the rules to EW bend, but a little..Just asking for some guidance.....

OK! I have book make here and shall continue my studies for latter possible Q's and hopefully contribute..

One Q, I have is must I configure my fib setting to get the correct % or do I use a calculator for mathematic percentage's?

Thank you

waiting for raza movment fake up and down...
i think its 4 wave...