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Elliott Wave Trading

  • #5,501
  • Nov 27, 2012 12:37am Nov 27, 2012 12:37am
Guys...

On Gold, just to show how well it has worked and how HEW can identify structures... Here is an image of last Tuesday's weekly report.

http://i1079.photobucket.com/albums/...old20thNov.png

Note the comment that the Wave iii of Wave -c- should be around the 361.8% projection at 1,753.40. It actually ended up just above at the 370% projection at 1,754.53 so just $1 above. The correction has been as shallow as suggested and therefore (hopefully) we should now see Wave v to the 1,770.80 target area being a Wave equality of Wave -a- and just over a 76.4% retracement in the Wave (b).

If I have it wrong then the 23.6% retracement in Wave iv around 1,742 would begin to risk more direct losses... initially back, of course to the span of the prior Wave -b-...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,502
  • Nov 27, 2012 9:50am Nov 27, 2012 9:50am
Quoting Ian Copsey
Guys...

On Gold, just to show how well it has worked and how HEW can identify structures... Here is an image of last Tuesday's weekly report.

http://i1079.photobucket.com/albums/...old20thNov.png

Note the comment that the Wave iii of Wave -c- should be around the 361.8% projection at 1,753.40. It actually ended up just above at the 370% projection at 1,754.53 so just $1 above. The correction has been as shallow as suggested and therefore (hopefully) we should now see Wave v to the 1,770.80 target area...



Hi Ian,

hope you have a nice time :-)


Three Names in my trading life I will cherish (Names in chronology)

R.N. Elliott
T.H. Murrey
I. Copsey

My hall of fame :-)



I state this with the utmost respect.


Elliott, for shaping my mind to find the waves

Murrey, for teaching me to think in terms of levels and fractals

Copsey for teaching me the right expansions and retracements (brilliant)



I think I need a bit more experience with HEW and the expansions and extensions to get better, but as I see now it is mind boggling :-)




Keep up the good work and thank you for teaching me to use the right numbers
  • #5,503
  • Nov 27, 2012 10:00am Nov 27, 2012 10:00am
Quoting infinitus
Hi Ian,

hope you have a nice time :-)


Three Names in my trading life I will cherish (Names in chronology)

R.N. Elliott
T.H. Murrey
I. Copsey

My hall of fame :-)



I state this with the utmost respect.


Elliott, for shaping my mind to find the waves

Murrey, for teaching me to think in terms of levels and fractals

Copsey for teaching me the right expansions and retracements (brilliant)



I think I need a bit more experience with HEW and the expansions and extensions to get better, but as I see now it is mind...
my hall of fame is start from infi!
just start the journey with first step.
as some one says" even thousand mile journey start with first step"
just live a life, don't be hard.
  • #5,504
  • Nov 27, 2012 12:06pm Nov 27, 2012 12:06pm
Quoting shaukat113
my hall of fame is start from infi!
just start the journey with first step.
as some one says" even thousand mile journey start with first step"

Don't forget Bill Williams. You can't have a true Elliot Wave count without a Williams Fractal forming first.
  • #5,505
  • Nov 27, 2012 4:22pm Nov 27, 2012 4:22pm
Quoting infinitus
Hi Ian,

hope you have a nice time :-)


Three Names in my trading life I will cherish (Names in chronology)

R.N. Elliott
T.H. Murrey
I. Copsey

My hall of fame :-)



I state this with the utmost respect.


Elliott, for shaping my mind to find the waves

Murrey, for teaching me to think in terms of levels and fractals

Copsey for teaching me the right expansions and retracements (brilliant)



I think I need a bit more experience with HEW and the expansions and extensions to get better, but as I see now it is mind...
I'm with you there infinitus, few names for me as well, R. N. Elliott, G. Lane, and soon, I. Copsey as I dig myself deeper and deeper into HEW. Being finally able to predict the true reversal points for end of waves instead of hoping it's the end and hope for not another extension, simply brilliant.
  • #5,506
  • Nov 28, 2012 2:00am Nov 28, 2012 2:00am
preferred scenario now:

first down towards 2905 to 2896

But we have to be aware, that a break of 2905 can quickly lead to an extended downside movement towards 2849

Then retest of the 2950 to 2970 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_2 Hours_snapshot.jpg Size: 152 KB
  • #5,507
  • Nov 28, 2012 3:02am Nov 28, 2012 3:02am
Many Elliotticians find the migration from looking at an extended wave structure that R.N. Elliott proposed into a series of 3-wave structures. In fact, there is not a lot of difference and this video describes how Harmonic Elliott Wave reorganises 5-wave moves into groups of three. By utilising relevant wave ratios this actually generates the ability to forecast with greater accuracy.

(VIDEO) RE-ADJUSTMENT FROM A 5-WAVE STRUCTURE TO A 3-WAVE HARMONIC STRUCTURE

I hope this helps in adjusting perception of counts and structure!

Good trading
Ian
No I haven't got the wave structure wrong! I've corrected it!
  • #5,508
  • Nov 28, 2012 4:13am Nov 28, 2012 4:13am
Quoting infinitus
Hi Ian,

hope you have a nice time :-)


Three Names in my trading life I will cherish (Names in chronology)

R.N. Elliott
T.H. Murrey
I. Copsey

My hall of fame :-)



I state this with the utmost respect.


Elliott, for shaping my mind to find the waves

Murrey, for teaching me to think in terms of levels and fractals

Copsey for teaching me the right expansions and retracements (brilliant)



I think I need a bit more experience with HEW and the expansions and extensions to get better, but as I see now it is mind...
Many thanks for the kind words... and to everyone else as well.

The best thing of all is I'm the youngest of them all! Yeah!

(leans over and picks up his walking stick...)
No I haven't got the wave structure wrong! I've corrected it!
  • #5,509
  • Nov 28, 2012 6:59am Nov 28, 2012 6:59am
Quoting Ian Copsey
Many thanks for the kind words... and to everyone else as well.

The best thing of all is I'm the youngest of them all! Yeah!

(leans over and picks up his walking stick...)


Hi Ian,

honor to whom honor is due :-)


Regarding seniority: I simply keep on pushing my expiration date into the future :-))
  • #5,510
  • Nov 29, 2012 5:47am Nov 29, 2012 5:47am
Hi Ian

How many pips error do you allow? If your spreadsheet quotes a figure of 1.2688 for a particular fib, what are the max and min values on your chart screen.

Also what do you think of this count on the euro?

Attached Image (click to enlarge)
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  • #5,511
  • Nov 29, 2012 7:07am Nov 29, 2012 7:07am
Hi Guys,

My outlook EUR/USD M30 & H1: Correction is due.


Seb
Attached Image(s) (click to enlarge)
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  • #5,512
  • Nov 29, 2012 5:35pm Nov 29, 2012 5:35pm
Quoting Aspire
Hi Ian

How many pips error do you allow? If your spreadsheet quotes a figure of 1.2688 for a particular fib, what are the max and min values on your chart screen.

Also what do you think of this count on the euro?

Attachment
Good try... but... there are no extended wave in Harmonic Elliott Wave. You need to use the spreadsheet from my website to make sure of the ratios...

Take a look at the video link I provided a bit higher. There does seem to be one change to that with yesterday's move to 1.3013 and that's the potential for the 1.3008 high to be only Wave -a- of Wave -v- and therefore we could see a higher high today but then it must drop back. If it doesn't then we had Wave [b] at 1.2880...

On the pip variance to projections, well it all depends on the time frame. In the 5-min market I would expect 1-2 points on Wave (iii)'s - if in higher times frames then 5-6 points in the hourly (say). Wave (v)'s can stall midway between "standard" projections. Wave (c) projections within the impulsive structures are sub-ordinate to impulsive projections.

Corrections tend to have more noise so can be a little wayward and you need to pay attention to the structure. Excessive noise can make life tough with those...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,513
  • Nov 30, 2012 2:25am Nov 30, 2012 2:25am
Thank you Ian,

"Good try... but... there are no extended wave in Harmonic Elliott Wave." Old habits die hard.

I think I need to get hold of your book. Great spreadsheet.
  • #5,514
  • Nov 30, 2012 4:18am Nov 30, 2012 4:18am
My view
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  • #5,515
  • Nov 30, 2012 7:49am Nov 30, 2012 7:49am
my working chart zoomed out#



where is the top located? LOL


Hi Ian,


I am so thankful to you for forcing me to think much much more in terms of ABC-moves.

That is the only way to go


And best is: trade only one ABC after the other :-)
Attached Image (click to enlarge)
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  • #5,516
  • Nov 30, 2012 12:03pm Nov 30, 2012 12:03pm
Quick analysis:


so far, based on Murrey Math and Harmonic EW I see the following picture:


The move from the low @ 267x may find an end soon.

Under the most bullish condition I can see an max upside target of around 3149 to 3164. But that would be a very extended move.

Most likely a further move up will target 3036 to 3062


break of 3062 will offer 3086

But all in all I think of a max upside of 3062.


Should price attempt higher, not without a retracement first from max 3062 level to the downside.



To the downside 2978 to 2940 area should offer good resistance. A break of 2940 will offer 2878 at first.


Watch reaction at 2974 closely.



Right now I am not sure what EW structure we are in, but so far I think about wxyxz since the 267x bottom
  • #5,517
  • Edited 10:32am Dec 1, 2012 10:06am | Edited 10:32am
just simple levels.
Attached Image (click to enlarge)
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just live a life, don't be hard.
  • #5,518
  • Dec 2, 2012 2:01pm Dec 2, 2012 2:01pm
Quoting infinitus
my working chart zoomed out#



where is the top located? LOL


Hi Ian,


I am so thankful to you for forcing me to think much much more in terms of ABC-moves.

That is the only way to go


And best is: trade only one ABC after the other :-)
I had been saying this for a long time and being mocked at.

Even if it is not an ABC, but instead a 5 wave structure who is telling you to be in the market all the time.

🃏
Markets are not Random, they are designed!
  • #5,519
  • Dec 2, 2012 3:34pm Dec 2, 2012 3:34pm
Quoting Raza
I had been saying this for a long time and being mocked at.

Even if it is not an ABC, but instead a 5 wave structure who is telling you to be in the market all the time.

🃏


Mocked by me? Hope not LOL
  • #5,520
  • Dec 2, 2012 7:43pm Dec 2, 2012 7:43pm
Quoting infinitus
Mocked by me? Hope not LOL
Of course not you.
Markets are not Random, they are designed!
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