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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #8,281
  • Sep 16, 2012 8:37am Sep 16, 2012 8:37am
Quoting polatok
can you post an eur/usd chart.
He already post eurousd from usdchf chart!!
  • #8,282
  • Sep 16, 2012 11:44am Sep 16, 2012 11:44am
Hi Vincy and gang...i like this thread...great charts and updates .
I have this for usdchf...what u guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 29 KB
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  • #8,283
  • Sep 17, 2012 12:44am Sep 17, 2012 12:44am
Quoting chanaidan38
Hi Vincy and gang...i like this thread...great charts and updates .
I have this for usdchf...what u guys think?
Welcome aboard,

Very nice chart! Hope to see you more often.
Markets are not Random, they are designed!
  • #8,284
  • Sep 17, 2012 12:53am Sep 17, 2012 12:53am
Quoting polatok
can you post an eur/usd chart.
My Good men Polatok,

Will post EU chart but i would like your Chart First!!
DRAGON-TECHNICAL ANALYSIS!
  • #8,285
  • Sep 17, 2012 12:59am Sep 17, 2012 12:59am
Quoting Superguzlik
Hello my Friends!
Thats my new chart for you!
Please dont be shy to tell me the truth about my count if its wrong!
Thank you all!!
Hi My Good men Dima,

Do you know, ABC Law---- A = 6 wave of 12345 ------ B = 3 Wave of abc -----C = 6 wave of 12345.


Now you can see you have mention wrong Red C in 3wave so it is wrong!!


Best
VB
DRAGON-TECHNICAL ANALYSIS!
  • #8,286
  • Sep 17, 2012 1:07am Sep 17, 2012 1:07am
Quoting chanaidan38
Hi Vincy and gang...i like this thread...great charts and updates .
I have this for usdchf...what u guys think?
HI My good men,

Greetings and Welcome!!!

I am very sure that you have not aware of 2nd wave Law.

It will not closer of 0=Starting wave Point.

For example please find your chart and All it is Very nice Chart.
DRAGON-TECHNICAL ANALYSIS!
  • #8,287
  • Sep 17, 2012 5:57pm Sep 17, 2012 5:57pm
Quoting vincy balboa
HI My good men,

Greetings and Welcome!!!

I am very sure that you have not aware of 2nd wave Law.

It will not closer of 0=Starting wave Point.

For example please find your chart and All it is Very nice Chart.
What is the second Wave law please explain wih reference to the chart for USD/CHF.

What I understood is that it cannot be closer to the start point of Wave#1 or it cannot retrace close to the starting point of WAVE#1 and that is point "0"?

Thanks.
Markets are not Random, they are designed!
  • #8,288
  • Sep 18, 2012 5:32pm Sep 18, 2012 5:32pm
raza my fellow canadian

thanks SlyQsx

thanks for your input vincy...would love to hear more about wave 2 law
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  • #8,289
  • Sep 18, 2012 5:42pm Sep 18, 2012 5:42pm
Here is an update on euraud
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 27 KB
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  • #8,290
  • Sep 19, 2012 7:29am Sep 19, 2012 7:29am
Quoting Jack168
It is hard to do wave count on a-jpy. I just tried out a count. I am not sure this is the case.

Where would a-jpy breakout? wait to see.

hi, just wondering if your first "X" should be a D and your second "A" should be E (completing a B of an A-B-C) and we now thrust out of triangle to point C

thanks for your post, keen to know what you think

rgds
it had seemed so obvious at the time
  • #8,291
  • Sep 20, 2012 4:18am Sep 20, 2012 4:18am
Yes, you can count as a A-B-C-D-E.... consolidation structure pattern as wave 2. Wait for upside breakout?

Fundamental view can be used to guide wave counting. I call this approach as macro wave theory and counting. Wave counting is aliged with macro model output.
  • #8,292
  • Sep 20, 2012 4:46am Sep 20, 2012 4:46am
Quoting Raza
What is the second Wave law please explain wih reference to the chart for USD/CHF.

What I understood is that it cannot be closer to the start point of Wave#1 or it cannot retrace close to the starting point of WAVE#1 and that is point "0"?

Thanks.
My Good men Raza,

Sorry for delay reply

W.2 most likely to be more than 50% Fibonacci in time of W.1.

"0" level is starting of wave 01.

Best
VB
DRAGON-TECHNICAL ANALYSIS!
  • #8,293
  • Sep 20, 2012 4:59am Sep 20, 2012 4:59am
Quoting chanaidan38
raza my fellow canadian

thanks SlyQsx

thanks for your input vincy...would love to hear more about wave 2 law
My Pleasure my good men!

Best
VB
DRAGON-TECHNICAL ANALYSIS!
  • #8,294
  • Sep 20, 2012 8:33am Sep 20, 2012 8:33am
Quoting vincy balboa
My Good men Raza,

Sorry for delay reply

W.2 most likely to be more than 50% Fibonacci in time of W.1.

"0" level is starting of wave 01.

Best
VB
That statement is very questionable:
Attached Image (click to enlarge)
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  • #8,295
  • Sep 20, 2012 8:38am Sep 20, 2012 8:38am
ups, was wrong picture: last picture was only zigzag



here is the overall wave 2
Attached Image (click to enlarge)
Click to Enlarge Name: wave 1 wave 2.jpg Size: 32 KB
  • #8,296
  • Sep 20, 2012 1:04pm Sep 20, 2012 1:04pm
sorry for delayed deliverage of the third chart and the reasoning for why I found Vincy's statement questionable - had some technical issues



wave 1 / wave 2 by time


The blue area is the middle 60% of the whole area
Attached Image (click to enlarge)
Click to Enlarge Name: wave 1 wave 2.jpg Size: 41 KB
  • #8,297
  • Sep 21, 2012 12:00am Sep 21, 2012 12:00am
here is a possible scenario...trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 33 KB
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  • #8,298
  • Sep 21, 2012 1:48am Sep 21, 2012 1:48am
Quoting infinitus
ups, was wrong picture: last picture was only zigzag



here is the overall wave 2
Your picture and statistics is very questionable and does not provide any significant insight of value for immediate trading.

Your picture stated "The following Frequency Distribution Histogram shows the retracement of Wave 2 on Wave 1 by price is usually between 25% and 65%.


Just taking it as a general statement, without knowing how your measure it or if someone else produced this picture and stats, by saying it is usually between 25% and 65%, by you covering the range so big an area, that is of little value and has no statistical significance.

This type of stats you have shown is what fuel traders to think that EW is still a huge guesswork and you need an even bigger ballpark figures to pinpoint what you want to see on the charts.
  • #8,299
  • Sep 21, 2012 11:32pm Sep 21, 2012 11:32pm
Quoting foxybunny
Your picture and statistics is very questionable and does not provide any significant insight of value for immediate trading.

Your picture stated "The following Frequency Distribution Histogram shows the retracement of Wave 2 on Wave 1 by price is usually between 25% and 65%.


Just taking it as a general statement, without knowing how your measure it or if someone else produced this picture and stats, by saying it is usually between 25% and 65%, by you covering the range so big an area, that is of little value and has...
LOL

This data was obtained by analysis of thousands and thousands of charts.


The right question you should have asked is: "what is the source of this information?"

Instead you make a bold statement for defending another bold statement.


And by the way: what is the reason to be aggressive here?


And yes: EW is a huge guesswork - and I do not recommend to trade based solely on it. EW is a play with the probabilities, and when I state, that something retraces between 25-60% most of the time (60%) than that is a valuable information and everybody can place their bets with according money management.

Since I thought that this is an EW thread with people who had done their homework, I thought it was quite clear, what resource I was using, since there is only one.......


It is people like you who confuse people by making them believe that EW is an exact science. It is not. It is all about probabilities.
  • #8,300
  • Sep 22, 2012 12:46am Sep 22, 2012 12:46am
Quoting infinitus
LOL

This data was obtained by analysis of thousands and thousands of charts.


The right question you should have asked is: "what is the source of this information?"

Instead you make a bold statement for defending another bold statement.


And by the way: what is the reason to be aggressive here?


And yes: EW is a huge guesswork - and I do not recommend to trade based solely on it. EW is a play with the probabilities, and when I state, that something retraces between 25-60% most of the time (60%) than that is a valuable information...
LOL, I dont know why your post trigger me to post here, but I am not trying to be aggressive here.

I just found it funny and hypocritical that you found the originator post questionable and your reply post was also questionable.

You could answer your right question of "what is the source of this information?"

The source may be important feature, but the relevance and context is more important than the source.

My right question would be a bit different to your right question.
My question would be "under what conditions and scenarios are those statistics collected?"


To shed in a different light, I like the picture of your post showing a more distinct peak at the 20% mark.

http://www.forexfactory.com/showthre...16#post6029916

It is good at least we agreed EW is still a huge guesswork, and it can be of use to some traders.

This is all I am saying to put a quick end here, no more question to the question of the question.
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