ElWave BW and FX

I wasn't watching the "attached files" dialog very well I guess.. the statement didn't attach. I am attaching it now.
I know that it is trading that doesn't involve the Wave... but, it is Chaos. I am using only the Wiseman 2 on a 4 hour. 25 TP, 75 SL..

Comments

Not to worry, chaos is wave based anyway.

I want to look over the part of the chart that you showed us and make some suggestions this weekend. Stay tuned.

If you need any more screen shots I can get them.

I am not sure if this attached Wiseman 2 indicator works.

The market may have to be open for it to signal. Worth a look anyway.

Wise man 2 attached

That is the indicator I use. 1 of several. It should work as long as you have the tick data already on your system. Try it in strategy tester, 4H, 20 TP, 75 SL.

That Wise Man 2 works fine as soon as you have a data feed. Is there a version with an alert?

As for Wise Man 3, apart from using the Chin bars to alert you and doing the analysis yourself, I haven't been able to find an indicator that does that for you with an alert.

Maybe we could design the rules here and get someone to program it. Considering all the BW strategies it is my favorite one.

Based on AC for entry and AO for Trend. I have a strategy that seems to work WAB. Attached is the Tester report and I am Doing this live also.

2261 pips in 30 days.

do you still use elwave ?
can printscreen the latest eurusd h1 chart ans show it to me ?

Sorry I haven't kept up to this too well. I will try to update regularly from now on.

Here is a possible EURUSD count. (It is the one I am trading anyway.)

sorry but can you post here the program "elwave di Prognosis"?
or where can download it free?

Elwave is a commercial program that has to be purchased.

It is available at www.prognosis.nl/

I believe that they offer a demo version that works for a limited period of time. If you are serious about learning how to use the Elliott Wave it is a good tool, but like any tool it requires that you understand how to use it.

I suggest that anyone who reads Bill Williams' "Trading Chaos" book will gain an excellent understanding of the Elliott Wave and more importantly how to use it.

thank for replay...now i download elwave 9.5c, but really i cannot open the chart there....i need change set up mt4 or what?
in elwave i do so
1)new chart
2)provider... metatrader
3)symbol...the button search is not able...what i must do?

i need help i become crazy..thank

Click on any MT4 chart that you have open and select File Save As. Then select ASCII text .CSV for the type of file you want to save. Then save it in a folder on your C drive.

When you go to ElWave you select Chart, New Chart and locate the file that you save the MT4 chart data in. If your version of ElWave is similar to mine it will look something like the first picture. Next you will have to set the properties of the data so that ElWave can read it.

That is done as in picture 2. IF you are using daily data then you would adjust the settings as in picture 2. If you are using intraday data the you need to add the time component as in picture 3.

It is a bit complex but once you have it figured out it is easy enough.

I suggest that you stick with daily data at first.

One thing is that if you change between daily to intraday, you will have to reset the ASCII File Format and either add or remove the time setting.

Good luck.

You're a genius ... but sorry if still disturbing ... as you see the graph in ASCII text only up to the date 2008 ..... my image is a daily chart and should be up to date in May 2012 .
From what I understand there is not connected signal conditioning instrument to elwave mt4 charts , so you must always update the text file ascci every day( bars candles are not moving but still) ... correct?

i havent put the pic..sorry

It looks as if you have it working now.

Make sure that your chart is up to date in MT4 before you save the data in ACII format.

You can also open the ASCII file with excel to make sure that it is all there. Also look at the top of the ElWave "Specify ASCII file format window. It will show the the first four lines of data and that gives you an idea of how to set the column contents and where the data starts.

A common mistake is to select "Most recent data in first line" and that displays the chart in reverse order. (Helpful if you want to predict the past...) If you use stock data, watch out for that as the sequence of dates may be reversed.

Other wise, you should be okay. Save the MT4 data each time you want to do a new count and that is it.

I used to be able to get ElWave to take a minute-by-minute feed from MT4 but I updated and the present version that I have cannot do that any longer. I did not find it that useful anyway as my style of trading is longer term.

Good luck.

ok I solved for the daily chart , but if I put a chart in the day as I get this figure ... what's the problem ?

Like you I try but I see great movements that the discussion is a bit off .
maybe if you are interested I could bring a topic of discussion .

in particular I thought elwave because I thought I could help to explain my logic tory the great movements .

I explain briefly.

1) the rebound of large movements occur on round numbers or half numbers round
2) occur through PA on weekly candles with candle on weekly fibo
3) the candles per week are part of a first cycle of elliot and determining a first target that more or less coincides with or after the candle monthly
4) the monthly candle is not as graphic mt4 but logically we must count it starts from where the candle when the candle weekly monthly mt4 is false .
5) the monthly candle determines the second wave with another wave of ellio rebound PA weekly fibo track now on the new monthly candle and the candle causes another week targhet
6) the conclusion of the first major wave of elliot
7) the wave at point 6 tetermina the target of the second wave elliot
8) greater than the third wave elliot still do not understand it well but as you know is probably the most difficult


I suppose that there are different types dicandele weekly PA (very important for me ) that results in a different target and I think that the identification of the types can be made ​​with elwave through their movement .
A candle may or may not qualify Pa wave eliot for me ... but who knows ?

i post the pic with chart weekly elwave with the problem, and an pic with round number movement..i have chart with fibo but i dont know if you are interesting

As you can see the round numbers coincide with the level of historical prices, but the most important question is: are the most important round numbers or means round numbers or levels of historical prices ?
my answer is the numbers round . because .... determined the historical prices over time it will be offset with respect to round numbers

You have something wrong with your settings to get the chart that you showed in the pdf document. Check that you have the O H LC selected in the correct sequence. My previous pictures will help with that.

I will study your chart and see if I can understand what you are doing. I suggest that we break the problem down into smaller steps and talk about each one.

I will also run a daily EURUSD later on today, see what count it is presently showing and go through the process of how I determine the most likely one. I have a busy morning so it will be a few hours before I get to that.

Let me explain .
A 1) As you can see the file zip1 reversal of trend occurs with resistance PA weekly as marked as in my previous post .. and as you can see I 've applied to candles weekly fibo .
Since the weekly chart you can see that the bounces occur
A 2) observing the same fibo at 4h but you can see that the bounce occurs with a PA 4 hours ( I go into the break with the 4h candle pending orders ) .. how can esseerci see an error , because the breaking of the 4h candle a few times price has retraced (same time avvengo 4h 2 or 3 candles , 2 of which are wrong )
A a) PROBLEM ---- I would be able to select these inputs if possible elwave


B 1) In the zip file 2 have reported daily tf inputs that force to go on a wave surge , as you can see candles are made by daily PA , but not all are good in the sense that some back up and retrace .
In the zip file with the orange I analyzed why some channels dandele daily were good or bad , as you can see the candles are made good on the edge of the channel when it retraces back and at the ninth and most of the candles are wrong but not on the edge of the channel and in this case ilprezzo back on (it seems that this is the reason, a sub trend is done so ) , but if you look at the folder NEW trand will notice that the candle daily tf is successful when he was not in the canal , but instead was in the middle
B ) PROBLEM --- I would be able to select these candles with daily elwave

bye

this is the 1 file...the second i other post...i have same problem to attach all together