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Elliott Wave Trading

  • #5,441
  • Oct 12, 2012 4:05am Oct 12, 2012 4:05am
Ian,

the midterm cycle outlook for the EURUSD shows that the flat pattern which started at sep 17th will last until end of oct:

http://imageshack.us/photo/my-images...usd901110.gif/

Sixer
  • #5,442
  • Oct 12, 2012 4:50pm Oct 12, 2012 4:50pm
Quoting Sixer
Ian,

the midterm cycle outlook for the EURUSD shows that the flat pattern which started at sep 17th will last until end of oct:

http://imageshack.us/photo/my-images...usd901110.gif/

Sixer
The 1.3172 - 1.2803 decline did not come in 3 waves ... or even 5 waves... It was a triple three.
No I haven't got the wave structure wrong! I've corrected it!
  • #5,443
  • Oct 12, 2012 4:52pm Oct 12, 2012 4:52pm
Harmonic Elliott Wave provides the most logical and consistent structure to enable forecasting. This video provides a brief explanation of how the ratios must harmoniously generate matching targets across the wave degrees and how to identify targets.
No I haven't got the wave structure wrong! I've corrected it!
  • #5,444
  • Oct 14, 2012 6:28am Oct 14, 2012 6:28am
Quoting Ian Copsey
I think you'll find we may have seen the low at 1.2803 and we'll get a lot higher than 1.3450... There has been a subtle shift in the structure that voids the 1.3350-1.3450 target.
That's what i think Ian,
this is my trade (if i'm not wrong)
[IMG]http://i.imgur.com/Xew4R.gif[/IMG]
  • #5,445
  • Oct 14, 2012 9:11am Oct 14, 2012 9:11am
wave B of C of 4
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 41 KB
stock , commodity , bond , forex
  • #5,446
  • Oct 16, 2012 10:52am Oct 16, 2012 10:52am
Gold Daily Target 2050$ http://ecrmit.tk/img/46a3c5544feb.gif
  • #5,447
  • Oct 17, 2012 7:08am Oct 17, 2012 7:08am
Attached Image (click to enlarge)
Click to Enlarge Name: Elliott Wave Analysis 17 Oct.GIF Size: 17 KB

here is my EW chart , please advice
  • #5,448
  • Oct 17, 2012 10:20pm Oct 17, 2012 10:20pm
Quoting o man
Attachment
here is my EW chart , please advice
While I know running triangles are a popular way of explaining moves that cannot be fathomed, actually they don't really exist. An expansion, whether in a normal expanded flat or in one leg of a triangle, will not normally expand by more than 38.2% of the preceding move. So in the case of an expanded flat, take the length of Wave A and multiple by 23.6%-38.2% and you'll get the normal limit for the extension from the end of the trending move. In equities and some smaller currencies it can extend to 50% but I find it rare...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,449
  • Oct 18, 2012 2:50am Oct 18, 2012 2:50am
Alternation is a standard technique in R.N. Elliott's structure in terms of simple versus complex corrections in Wave 2 and Wave 4 but the beauty of the fractal nature of Harmonic Elliott Wave transforms alternation into a balance of depth between Wave 2 and Wave 4. In this manner not only is the target range for the correction in Wave 4 known once Wave 3 is established but even looking at a blank chart allows you to eyeball a five-wave structure.

Watch the video:

THE BEAUTY OF ALTERNATION IN HARMONIC ELLIOTT WAVE
No I haven't got the wave structure wrong! I've corrected it!
  • #5,450
  • Oct 19, 2012 1:58am Oct 19, 2012 1:58am
one possible scenario


http://imageplay.net/img/tya22288855...1019095251.png
  • #5,451
  • Oct 19, 2012 5:32am Oct 19, 2012 5:32am
wave B or 5?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur1.png Size: 15 KB
Click to Enlarge Name: eur2.png Size: 16 KB
  • #5,452
  • Oct 19, 2012 6:35am Oct 19, 2012 6:35am
Quoting Spiral
wave B or 5?
I think you counting is wrong
the wave b is a 5waves movement.
and the 5th wave you pointed is not 5 just the end of the first correction from 1.2030
a possible scenario ==>
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 9 KB
There is no randomness. It is just Chaos, a higher form of order.
  • #5,453
  • Oct 19, 2012 10:12pm Oct 19, 2012 10:12pm
C:UserssamiDocumentsforcasting2012-10-19_2155.png
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  • #5,454
  • Oct 20, 2012 10:13pm Oct 20, 2012 10:13pm
just 2 cent...
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Click to Enlarge Name: gold.gif Size: 43 KB
stock , commodity , bond , forex
  • #5,455
  • Oct 21, 2012 5:03pm Oct 21, 2012 5:03pm
Quoting Almondeyed
one possible scenario


http://imageplay.net/img/tya22288855...1019095251.png
I'm delighted you're trying HEW!

There is a problem with your triangle. The 1.3172 - 1.2802 decline was not in 3-waves... Therefore it rules out a complex correction. I did have the count to Wave (iv) at first but the triple three decline followed by the 3-wave move higher was a big clue...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,456
  • Oct 21, 2012 5:24pm Oct 21, 2012 5:24pm
All of you guys are correct, as of this moment in time either a correction or a final move to a top is in progress, we do not know which it is, all we know is that there is possibly more upside in the EURUSD, but care should be taken as it might no go very far.

Shame some of you are not working on the time element to forecast where a top might form, then you have two part of the access, not just one.

Two things, if the EURUSD goes up from here I would expect it to exceed the last top, as wave one and wave 5 are often equal in time and or price then a minimum target is 1.3140 often the last wave is 127,145 162 of wave 4, but as wave three was extended I would suggest that wave 5 be limited to 127 or 145 which gives us a target of 1.3176 my wave 5 should not exceed wave 4 if wave 4 was a complex correction which means that the top should be in place before the 24th 25th of this month.

All the best


Mike Haran
  • #5,457
  • Oct 22, 2012 1:12am Oct 22, 2012 1:12am
Quoting Mike Haran
All of you guys are correct, as of this moment in time either a correction or a final move to a top is in progress, we do not know which it is, all we know is that there is possibly more upside in the EURUSD, but care should be taken as it might no go very far.

Shame some of you are not working on the time element to forecast where a top might form, then you have two part of the access, not just one.

Two things, if the EURUSD goes up from here I would expect it to exceed the last top, as wave one and wave 5 are often equal in time and or price...
Mike

Actually it has almost certainly confirmed further gains. The decline from 1.3172 to 1.2802 was a triple three. On that basis there is only one way it can go.

You'll have to accept that I don't believe extended waves exist, nor failed fifths, and from a Harmonic Elliott Wave viewpoint the 1.2802 low was NOT Wave (iv)...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,458
  • Oct 22, 2012 1:33am Oct 22, 2012 1:33am
Quoting Ian Copsey
I'm delighted you're trying HEW!

There is a problem with your triangle. The 1.3172 - 1.2802 decline was not in 3-waves... Therefore it rules out a complex correction. I did have the count to Wave (iv) at first but the triple three decline followed by the 3-wave move higher was a big clue...
Thanks for the comments Ian... I read your book.. great vision

The reason for me to look for Wave 5 is that i didn't notice any weakness on momentum until 1.3172. If i am wrong please correct, Wave ^a of any triangle can be complex but you rule out my count because latest development is in tree waves from the point i labelled as Wave ^a?
  • #5,459
  • Oct 22, 2012 2:17am Oct 22, 2012 2:17am
Quoting Almondeyed
Thanks for the comments Ian... I read your book.. great vision

The reason for me to look for Wave 5 is that i didn't notice any weakness on momentum until 1.3172. If i am wrong please correct, Wave ^a of any triangle can be complex but you rule out my count because latest development is in tree waves from the point i labelled as Wave ^a?
Well, I remember vividly EWI saying that a complex correction will always start in a 3-wave move. If they have changed their minds, then it's just another one of their changes because it suits their count. However, as far as I have seen all complex corrections should start in a simple zigzag.

Given the 1.3172 - 1.2802 decline was a triple three it should imply that we must go higher. However, what I feel we have seen so far is Wave -i-, Wave -ii- and then Wave -a-. However, the shortest projection in Wave -iii- will just about get to the implied (and now alternate) Wave (v) projections and therefore means that 1.2802 was actually Wave (B) (and 1.3172 as Wave (A).
No I haven't got the wave structure wrong! I've corrected it!
  • #5,460
  • Oct 22, 2012 3:06am Oct 22, 2012 3:06am
Quoting Ian Copsey
Well, I remember vividly EWI saying that a complex correction will always start in a 3-wave move. If they have changed their minds, then it's just another one of their changes because it suits their count. However, as far as I have seen all complex corrections should start in a simple zigzag.

Given the 1.3172 - 1.2802 decline was a triple three it should imply that we must go higher. However, what I feel we have seen so far is Wave -i-, Wave -ii- and then Wave -a-. However, the shortest projection in Wave -iii- will just about get to the implied...
Thank you again for comments

I stopped to follow EWI when they were expecting huge drop in Corn futures with their Wave 3 and after Corn made historical rally.. Lost enough with their help I am sure they added some more patterns and update guidelines after i left.

By the way;
If 1.3172 is Wave A then Wave B is 33.3% of Wave A
If current low 1.3014 is the end of down move and it is Wave b of Wave 3 then it is 50% of Wave a
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