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Elliott Wave Trading

  • #5,741
  • Jun 12, 2013 3:34am Jun 12, 2013 3:34am
Quoting Ian Copsey
{quote} It's a pleasure to discuss Elliott Wave... or more accurately Harmonic Elliott Wave. I will ask one question that I'd like you to think about. How did I know that the 1.3300-16 area was going to provide a reaction and successfully identify the 1.3177 (area) as the correction from the 1.3305 high? I can tell you I used the low we have discussed as part of the calculation to forecast that 1.3300-16 target and also the 1.3177 (area) correction as a Wave -iv- ... the Wave -iv- was related to the depth of the Wave -ii-... (Wave -ii- being the...
In addition to the Wave -iv- today's analysis identified the Wave -a- of Wave -v-.

http://harmonicelliottwave.blogspot....or-eurusd.html

You see that a lot can be forecast in advance by understanding the real structure and real method of how ratios work...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,742
  • Jun 12, 2013 3:51am Jun 12, 2013 3:51am
Quoting Ian Copsey
{quote} It's a pleasure to discuss Elliott Wave... or more accurately Harmonic Elliott Wave. I will ask one question that I'd like you to think about. How did I know that the 1.3300-16 area was going to provide a reaction and successfully identify the 1.3177 (area) as the correction from the 1.3305 high? I can tell you I used the low we have discussed as part of the calculation to forecast that 1.3300-16 target and also the 1.3177 (area) correction as a Wave -iv- ... the Wave -iv- was related to the depth of the Wave -ii-... (Wave -ii- being the...
Compared to you, I have provided the increase, because at that time I wave numbering wrong (I did not know that the trend was in full swing), but when it exceeded the value of 1.3150, I suspected that wave 3 is possible to at least 1.3300. Now wave 4 (found in progress) retrace Wave 3 with 50% actually anticipated and me. After completing wave 4, we find the next target (currently we have two possibilities for wave 4 - flat or triangle - but in the next days we will be sure to shape the figure described).
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  • #5,743
  • Edited 2:34pm Jun 13, 2013 2:19pm | Edited 2:34pm
Hello Ha--waviians,

I just got some time from vacation to pop on waves

Below picture I am attaching in Regard of that Decline (orange) being Wave 1 ONLY.

We are having Wave 2 ( They mostly retrace more than 61.8% of wave 1 ) as

Double Irregulars as Wave A
+
Double Zigzag as Wave B (OR X)
+
Now We are facing Irregular Flat (Whose C wave is far more stretched ) + We might face Wave X + We might face again semi Irregular Flat [in future]

This will lead to The End of Wave 2 [below 1.371 area]
And then we face 3rd wave decline

-----------------------------------------
This count actually match with Gbp/Usd - Aud/Usd 's declines..
(Well, I am sorry if You are all Harmonic elliott wave technicians/followers but I couldn't find suitable thread/crowed for elliott wave than this one - I think this post could help you all )
Well, That was enough.. I am going back to my time
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  • #5,744
  • Jun 16, 2013 5:28pm Jun 16, 2013 5:28pm
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lin regression
  • #5,745
  • Jun 17, 2013 1:24am Jun 17, 2013 1:24am
Quoting hirenfxtrade
Hello Ha--waviians, I just got some time from vacation to pop on waves Below picture I am attaching in Regard of that Decline (orange) being Wave 1 ONLY. We are having Wave 2 ( They mostly retrace more than 61.8% of wave 1 ) as Double Irregulars as Wave A + Double Zigzag as Wave B (OR X) + Now We are facing Irregular Flat (Whose C wave is far more stretched ) + We might face Wave X + We might face again semi Irregular Flat [in future] This will lead to The End of Wave 2 [below 1.371 area] And then we face 3rd wave decline -----------------------------------------...
Hello ,

I think that in principle you are right , but look at the monthly chart . I don't think that can be a wave-1 and a wave-2 . Yes for a wave-A and a wave-B , and the wave C should look like an impulse and so show . Good luck !
  • #5,746
  • Jun 17, 2013 12:45pm Jun 17, 2013 12:45pm
Quoting ovidiu_gnt
{quote} Hello , I think that in principle you are right , but look at the monthly chart . I don't think that can be a wave-1 and a wave-2 . Yes for a wave-A and a wave-B , and the wave C should look like an impulse and so show . Good luck !
The monthly chart might have a triangle (with failed E).

My fav view was Rise up to 1.45 level.. But The pattern which unfolded after 1.37 high is very appearing for second wave instead anything else.

Yet people believes that its A-B-C=(Five waves)..BUT it isn't.. THEY are just doubles ( According to pattern recognition in my mind )

This doubles are A(Irregular)+B(irregular)+C(Expanded flat) _ + _ X ( ZIG-Zags) _+_ A(Expanded flat) + B(Could be another flat) + C( A Expanded flat-rising type)

So, 2ed wave should be 'Doubles' rather NOT C as impulse

_back to sleep_
  • #5,747
  • Jun 18, 2013 2:17am Jun 18, 2013 2:17am
OUTLOOK FOR THE DOLLAR INDEX FOR THE COMING WEEK
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No I haven't got the wave structure wrong! I've corrected it!
  • #5,748
  • Jun 19, 2013 9:32am Jun 19, 2013 9:32am
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starting corrective wave, EURJPY is in bearish trend

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fx5 macd
  • #5,749
  • Jun 26, 2013 8:25am Jun 26, 2013 8:25am
wait for complete wave 5
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trend trading system
  • #5,750
  • Jun 29, 2013 2:18am Jun 29, 2013 2:18am
A couple of updates I couldn't post yesterday because of the down time:

GBPUSD TO EXTEND LOSSES


GOLD OUTLOOK FROM THE 13th NOVEMBER 2012
No I haven't got the wave structure wrong! I've corrected it!
  • #5,751
  • Jul 2, 2013 1:38am Jul 2, 2013 1:38am
WEEKLY OUTLOOK FOR AUDUSD

Good trading

Ian
No I haven't got the wave structure wrong! I've corrected it!
  • #5,752
  • Jul 2, 2013 4:28am Jul 2, 2013 4:28am
thanks Ian, your's spreadsheet works great!!!
  • #5,753
  • Jul 2, 2013 5:07am Jul 2, 2013 5:07am
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  • #5,754
  • Jul 5, 2013 6:09am Jul 5, 2013 6:09am
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  • #5,755
  • Jul 5, 2013 8:07am Jul 5, 2013 8:07am
Hi C

I cant see Gold going up impulsively if the US$ is getting stronger but anything can happen in this mad environment we find ourselves

Olu
If you think you can or cannot do it you are correct
  • #5,756
  • Jul 5, 2013 9:17pm Jul 5, 2013 9:17pm
Quoting Olu
Hi C I cant see Gold going up impulsively if the US$ is getting stronger but anything can happen in this mad environment we find ourselves Olu
I still think there's one more leg lower to come. Not sure whether it'll be direct though.

Corcodel

Glad you are making use of the spreadsheet! Do use it over all wave degrees and beware of deep Wave b of iii's...
I don't think we're seeing a Wave (iv) though... See the link above on Gold...
No I haven't got the wave structure wrong! I've corrected it!
  • #5,757
  • Jul 6, 2013 9:38am Jul 6, 2013 9:38am
GbpJpy

Sorry forgot to add the green line at 148.00 area

Comments please

Olu
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If you think you can or cannot do it you are correct
  • #5,758
  • Jul 6, 2013 3:20pm Jul 6, 2013 3:20pm
Hi Ian,
I have labelled the GOLD WLY
with a possible Harmonic Wave [c] down to complete wave B.
The DLY chart seems to support the WLY.
Price is currently within the 1138 - 1262 zone for wave (b).
I am now looking at the spreadsheet,
but will have to study the videos again,
and get my head around it [again].
Appreciate any comments you would like to make.
Cheers,
U2
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Wait, or you will be slaughtered!
  • #5,759
  • Jul 6, 2013 4:43pm Jul 6, 2013 4:43pm
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  • #5,760
  • Jul 6, 2013 5:05pm Jul 6, 2013 5:05pm
Quoting Uturn2
Hi Ian, I have labelled the GOLD WLY with a possible Harmonic Wave [c] down to complete wave B. The DLY chart seems to support the WLY. Price is currently within the 1138 - 1262 zone for wave (b). I am now looking at the spreadsheet, but will have to study the videos again, and get my head around it [again]. Appreciate any comments you would like to make. Cheers, U2 {image} {image}
Glad to see you trying to work with HEW!
Just a few pointers:

In the lower chart you have Wave v developing as a 5-wave move... which would imply a Wave a.
Also, above there in Wave c/ iii I note that you have a Wave -v- that is massive. I don't find that you see this sort of imbalance - certainly no extended waves. Actually the same in the 5-wave Wave v to the low.

I would recommend that you look at the video on The Beauty of Alternation. Wave ii and Wave iv are also related in depth (or the slack is assumed in a deep Wave b of Wave iii or a deep Wave b of Wave v.)

I would also suggest that while daily charts are useful they do lack a lot of information from the lower degrees. Key corrections can get hidden within a single daily bar (or weekly even.) For the most part they can be recognisable but there is always risk of missing out something. Remember also that Wave b of Wave iii (or v) can be very, very shallow and something you may not even think about.

It does take time to adjust from traditional EW and there is the need for a slightly different "eye" particularly in terms of alternation and not just using the "obvious" swing lows/highs as the ending of waves. It may seem strange at first but there's a lot more logic in it once you realise what benefit it can give you. Once you understand that logic you'll never turn back!
No I haven't got the wave structure wrong! I've corrected it!
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