The Student Handbook | Page 65 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another new student 6 replies

Forex Without a Job (College/Uni Student) 35 replies

GusForex - College student on a mission 2 replies

student needs answers to some questions 5 replies

My Dealer Handbook 0 replies

Attachments: The Student Handbook
Exit Attachments

The Student Handbook

  • #1,281
  • Jan 16, 2013 4:51am Jan 16, 2013 4:51am
as long as the high of wave 3 didn't break, we are still in the downtrend....EU H1
Attached Image (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 111 KB
Dangdut is a music of my country
  • #1,282
  • Jan 16, 2013 4:53am Jan 16, 2013 4:53am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Mr 54 - Fib time? I see wave 5 on the chart can you touch on fib time for me? I love your chart by the way

Quoting 547261646572
EJ M15 with Fib Time - look where the W5 ended. Nice when TZ2 and Fib Time line up for a reversal.

Attachment
  • #1,283
  • Jan 16, 2013 4:55am Jan 16, 2013 4:55am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Concur. I have re-adjusted my count on the 1H EU - believe we are looking at (ii) to (iii) now

Quoting NuNix
as long as the high of wave 3 didn't break, we are still in the downtrend....EU H1
  • #1,284
  • Jan 16, 2013 4:59am Jan 16, 2013 4:59am
Quoting 9er
Concur. I have re-adjusted my count on the 1H EU - believe we are looking at (ii) to (iii) now
Again price stop at 38.2% of wave 3....if this broken, next target is 50% (1.3219)
Dangdut is a music of my country
  • #1,285
  • Jan 16, 2013 5:02am Jan 16, 2013 5:02am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yeah there seems to be some support there

Quoting NuNix
Again price stop at 38.2% of wave 3....if this broken, next target is 50% (1.3219)
  • #1,286
  • Jan 16, 2013 5:03am Jan 16, 2013 5:03am
Quoting NuNix
as long as the high of wave 3 didn't break, we are still in the downtrend....EU H1
If low of wave 2 broken...its clear downtrend for next month, just my opinion
Dangdut is a music of my country
  • #1,287
  • Jan 16, 2013 5:16am Jan 16, 2013 5:16am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Nice Bullish engulfing there?
Attached Image (click to enlarge)
Click to Enlarge Name: gu15m.gif Size: 43 KB
  • #1,288
  • Jan 16, 2013 5:30am Jan 16, 2013 5:30am
Quoting 9er
Nice Bullish engulfing there?
Do you trade GJ buddy? the spread is too high for me
Dangdut is a music of my country
  • #1,289
  • Jan 16, 2013 5:31am Jan 16, 2013 5:31am
Quoting 9er
Mr 54 - Fib time? I see wave 5 on the chart can you touch on fib time for me? I love your chart by the way

Thanks 9er. I am by no means an expert on Fib Time Zones but use the tool for confluence in identifying possible future bounce areas and wave ends, along with EW channeling, Fib expansions etc.

The eWaves indicator has a built-in Fib Time option but I've not used it in this picture, as the start of W1, as identified by the indi, is not right IMHO (though who is to argue with the great Bill Williams).

It is almost spooky how the W5 lines up with a Fib Time Expansion of the 1 to 3 move. Just as with retracement and expansion levels on price, time zone projections across multiple levels and waves can line up to add confluence for reversal points.

Just another dimension to support a trading decision.
  • #1,290
  • Jan 16, 2013 5:38am Jan 16, 2013 5:38am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Thanks 54! How long have you been using this indicator? I actually just started using it myself, haven't taken any live trades with it yet. But I do like the indi

Quoting 547261646572
Thanks 9er. I am by no means an expert on Fib Time Zones but use the tool for confluence in identifying possible future bounce areas and wave ends, along with EW channeling, Fib expansions etc.

The eWaves indicator has a built-in Fib Time option but I've not used it in this picture, as the start of W1, as identified by the indi, is not right IMHO (though who is to argue with the great Bill Williams).

It is almost spooky how the W5 lines up with a Fib Time Expansion of the 1 to 3 move. Just as with retracement and expansion levels on price, time...
  • #1,291
  • Jan 16, 2013 5:47am Jan 16, 2013 5:47am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Indureitor - I was just looking at your chart and was interested to see the EW as you counted it. Close to my count but yours seems to paint the big picture. Are you familiar with Elliot Waves? Would love to see some EW discussions in here

Quoting Indureitor
Hello everybody:

In first place i want to give thanks to 9er for this beautiful and interesting thread and snorm by show it to me too.
This thread its interesting to me becuase i was working by myself treating to put together bill williams system and harmonic pattern. Repeat find this thread is quite important to me. Well another thing im spanish and english isnt my native tongue, and some of my expression can be sound bad or confusing or contains some mistake. Please take patience and correct me, iŽll thank you that, i want to improve my english.Well...
  • #1,292
  • Jan 16, 2013 6:02am Jan 16, 2013 6:02am
Quoting 9er
Thanks 54! How long have you been using this indicator? I actually just started using it myself, haven't taken any live trades with it yet. But I do like the indi
About a year now - it's the only one I use, as you can see. Whilst the Bill Williams approach to Elliott Wave is somewhat simplistic, it works time and time again. The wave counts will look odd to a proper EW practitioner, but I know what they mean to me
  • #1,293
  • Jan 16, 2013 6:26am Jan 16, 2013 6:26am
GU D1 possibility for those who like to leave trades running for days .... That 2nd Jan bar off TZ1, what a beauty. Did I trade it? No! Why? Because I didn't see it until after the event. Lesson learned - watch the D1s.

Attached Image (click to enlarge)
Click to Enlarge Name: gu d1 16 01 13.gif Size: 42 KB



EJ starting to make some pips now.
  • #1,294
  • Jan 16, 2013 6:41am Jan 16, 2013 6:41am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
That is damn nice
Quoting 547261646572
GU D1 possibility for those who like to leave trades running for days .... That 2nd Jan bar off TZ1, what a beauty. Did I trade it? No! Why? Because I didn't see it until after the event. Lesson learned - watch the D1s.

Attachment


EJ starting to make some pips now.
  • #1,295
  • Jan 16, 2013 8:37am Jan 16, 2013 8:37am
Hey 9er, Nu Nix, and others

I'm quite new to trading. have been doing my home work for 3 month and another 3 month on demo account. Now i'm staring my live account (micro tho ). I would like to thank you guys for providing this knowlages. I've been reading this thread for 2 days and i stil have LOTS and LOTS to learn.
  • #1,296
  • Jan 16, 2013 3:48pm Jan 16, 2013 3:48pm
Quoting Doherty
Hey 9er, Nu Nix, and others

I'm quite new to trading. have been doing my home work for 3 month and another 3 month on demo account. Now i'm staring my live account (micro tho ). I would like to thank you guys for providing this knowlages. I've been reading this thread for 2 days and i stil have LOTS and LOTS to learn.
Welcome brada!!!!
Let's learn together
Dangdut is a music of my country
  • #1,297
  • Jan 16, 2013 8:03pm Jan 16, 2013 8:03pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Welcome!

Quoting Doherty
Hey 9er, Nu Nix, and others

I'm quite new to trading. have been doing my home work for 3 month and another 3 month on demo account. Now i'm staring my live account (micro tho ). I would like to thank you guys for providing this knowlages. I've been reading this thread for 2 days and i stil have LOTS and LOTS to learn.
  • #1,298
  • Jan 16, 2013 8:25pm Jan 16, 2013 8:25pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yesterday was pretty quiet (at least for me anyway). I took one trade on EU and closed it at BE. Was pretty sideways for most of the day - making the EW count that much more difficult to decipher.

I have re-assessed and re-counted. From what I can see we are still in a 5 wave impulse (i,ii,iii,iv,v) having completed waves (i), (ii) putting wave (iii) around 3239 (which is also the weekly pivot).

The 3252 (S1) area has shown to be strong support so a break of this level is needed to confirm my count.
Attached Image (click to enlarge)
Click to Enlarge Name: 1he.gif Size: 28 KB
  • #1,299
  • Jan 16, 2013 8:31pm Jan 16, 2013 8:31pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Want to change directions for a day (although I still plan to update the EU elliot wave as I see it), but I want to concentrate on the AO advanced indicator. If you don't already have the AO send me a PM and I will provide information to aquiring it.

I don't usually get excited over much in the forex, but I studied this AO at length yesterday - and if understood properly I think it can be traded all by itself (Bill Williams himself says this about the AO in his book) this version of the AO provides counts based on the AO premises. The counts appear to be pretty damn accurate - one just needs to be properly situated to capture the move.
  • #1,300
  • Jan 16, 2013 8:39pm Jan 16, 2013 8:39pm
Quoting 9er
Want to change directions for a day (although I still plan to update the EU elliot wave as I see it), but I want to concentrate on the AO advanced indicator. If you don't already have the AO send me a PM and I will provide information to aquiring it.

I don't usually get excited over much in the forex, but I studied this AO at length yesterday - and if understood properly I think it can be traded all by itself (Bill Williams himself says this about the AO in his book) this version of the AO provides counts based on the AO premises. The counts appear...
Please pm me my friend, thank you.
Dangdut is a music of my country
0 traders viewing now