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Elliott Wave Trading

  • #5,781
  • Jul 11, 2013 11:59pm Jul 11, 2013 11:59pm
Quoting hirenfxtrade
Hello Elliott wave technicians I don't often post here or there, but I always keep eye on elliott wave. I am very curious about 'timing, I want to ask something about it. In Balan or precher's book, they rules out that There is no rules & regulation of TIME co-relations with waves. however, there are very good elliott wave technicians on web we could find, they says 2ed wave or B wave should be at least 50% of time of wave 1 or B or MUST retrace 30 percent etc etc. I am confused and curious, do anyone here believe on 'timing' ? ie I would say wave...
Comparison of waves (moves) based on their price action or time action helps you in finding waves that are related to each other... Usually, a retrace move is of shorter time/price than the wave it is retracing, except for complex correction which can have higher complexity level than the wave it is retracing (if not, it means the actual move is maybe not a retrace)
  • #5,782
  • Jul 12, 2013 1:59am Jul 12, 2013 1:59am
Quoting Akh12851
{quote} Comparison of waves (moves) based on their price action or time action helps you in finding waves that are related to each other... Usually, a retrace move is of shorter time/price than the wave it is retracing, except for complex correction which can have higher complexity level than the wave it is retracing (if not, it means the actual move is maybe not a retrace)
Any reason why you don't use wave relationships - particularly in projections - to identify waves?

In general corrections can be shorter as you say (excepting complex) but here's an example of how they can last for ages in the Wave (II). You'll see that some currencies work well with fixed cycles - and USDJPY is one of them. It helped me pick the Wave (II) low last year. Note how brief Wave (B) of (III) was! I don't find that too uncommon to be honest and normally provide great common Wave (C) / (III) targets...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly_zps3e8067d1.jpg Size: 64 KB
No I haven't got the wave structure wrong! I've corrected it!
  • #5,783
  • Edited 4:59am Jul 13, 2013 4:44am | Edited 4:59am
Hi Ian,
I've been breaking my head on the 1H GOLD Chart,
and came up with the following.
I'm amazed at how accurate the Spreadsheet Levels are!
I have removed the projections and retracements,
but will do them again to redefine a likely Top.
I'm finding a lot of patience is required to allow the pattern to unfold,
however, I am much more confident with my entries and exits when they do.
I find eyeballing the HEW Impulse Count,
and then my chart as it develops,
I can follow along and count the waves very closely,
and accurately [to the Spreadsheet targets].
So here, I clearly see 2 Impulsive waves up,
a wave iv correction down [alternation with wave ii],
and now the 3rd Impulsive wave up, wave v.
Thank you,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130713_1H[1]Spot Gold.png Size: 43 KB
Wait, or you will be slaughtered!
  • #5,784
  • Jul 13, 2013 1:31pm Jul 13, 2013 1:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: uturn.png Size: 82 KB
  • #5,785
  • Jul 13, 2013 3:25pm Jul 13, 2013 3:25pm
eurgbp
Attached Image
If you think you can or cannot do it you are correct
  • #5,786
  • Jul 13, 2013 3:51pm Jul 13, 2013 3:51pm
Hi, after 1/2/3/4/5 waves must be a/b/c correction or can be again 1/2/3/4/5 ?
  • #5,787
  • Jul 13, 2013 5:26pm Jul 13, 2013 5:26pm
Quoting corcodel
{image}
Hi c,
On your chart, I see only 2 impulsive waves.
Need 3 impulsive waves to get to a v [5]?
Cheers,
U2
Wait, or you will be slaughtered!
  • #5,788
  • Jul 13, 2013 5:27pm Jul 13, 2013 5:27pm
Quoting Olu
eurgbp {image}
Sorry O,
not one I look at, so won't comment.
Cheers,
U2
Wait, or you will be slaughtered!
  • #5,789
  • Jul 13, 2013 5:29pm Jul 13, 2013 5:29pm
Possible EU HEW count:
MLY Chart.
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130713_MLY[1] EURUSD.png Size: 42 KB
Wait, or you will be slaughtered!
  • #5,790
  • Jul 14, 2013 2:37am Jul 14, 2013 2:37am
Quoting Uturn2
{quote} Hi c, On your chart, I see only 2 impulsive waves. Need 3 impulsive waves to get to a v [5]? Cheers, U2

i removed the red line,it was a old zig zag indicator, the numbers of impulsive waves was good but de count is wrong because in the spreadsheet it give me error (triangle in upper corner) in wave iii. In your chart the spreadsheet said the same thing(sorry)
for me this correction is more deeper
sorry again for english
  • #5,791
  • Edited 9:12am Jul 14, 2013 8:51am | Edited 9:12am
Quoting corcodel
{quote} i removed the red line,it was a old zig zag indicator, the numbers of impulsive waves was good but de count is wrong because in the spreadsheet it give me error (triangle in upper corner) in wave iii. In your chart the spreadsheet said the same thing(sorry) for me this correction is more deeper sorry again for english
Hi c,
I'm fairly attached to my count,
and will run with it for now.
I'm long and it is going up,
and I am expecting this to be a wave v to the top.
[5/3/5]
If it goes 5 waves [then correction a/b down],
I'll watch for a final 5 wave move up.
I have a TP zone 1323 / 28 so far.
After the correction, I can add another Fib projection for wave c.
This would give 3 targets to look for confluence.
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130713_1H[2]Spot Gold.png Size: 45 KB
Wait, or you will be slaughtered!
  • #5,792
  • Edited Jul 15, 2013 1:03am Jul 14, 2013 9:20am | Edited Jul 15, 2013 1:03am
'
  • #5,793
  • Jul 14, 2013 9:31am Jul 14, 2013 9:31am
Maybe ? or maybe not ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 38 KB
  • #5,794
  • Jul 14, 2013 12:31pm Jul 14, 2013 12:31pm
Quoting karolisl
Maybe ? or maybe not ? {image}
are you pro
  • #5,795
  • Jul 14, 2013 12:34pm Jul 14, 2013 12:34pm
Quoting goshko147
{quote} are you pro
i know, but you are noob
  • #5,796
  • Jul 14, 2013 2:01pm Jul 14, 2013 2:01pm
Hello Elliott waves & HEWs Technicians.

Great answers about second waves here ! Esp., that usd/jpy second wave, that wave did made me to lose interest in usd/jpy !
Now, A famous rule & attitude for 'corrective 2 & 4

The great books mentions that if wave 2 is sharp then wave 4 will be side-ways & vice versa
Or, they also means that if wave 2 is more than 61.8% then wave 4 will less than 38.2% IN the retracement
Or, they also means that if wave 2 is zig-zag type then wave 4 will be triangle, flat (BUT IRREGUALR TOO?)

I want to ask simple thing, suppose some-where Wave 1 is finished and in present times it is wave 2 developing ( Suppose this wave 2 is going to be more than 61.8% retracement)

But this wave is having Irregular formation already, thus it means wave 2's C wave will be very sharp that it will cross 61.8% of wave 1.
So, what will be Wave 4 be like?

I hope this question don't bore the people around here...
  • #5,797
  • Jul 14, 2013 2:33pm Jul 14, 2013 2:33pm
Quoting hirenfxtrade
Hello Elliott waves & HEWs Technicians. Great answers about second waves here ! Esp., that usd/jpy second wave, that wave did made me to lose interest in usd/jpy ! Now, A famous rule & attitude for 'corrective 2 & 4 The great books mentions that if wave 2 is sharp then wave 4 will be side-ways & vice versa Or, they also means that if wave 2 is more than 61.8% then wave 4 will less than 38.2% IN the retracement Or, they also means that if wave 2 is zig-zag type then wave 4 will be triangle, flat (BUT IRREGUALR TOO?) I want to ask simple thing, suppose...

Hi h,
Ian Copsey's [HEW] has a YouTube video:
The Beauty of Alternation

Cheers,
U2
Wait, or you will be slaughtered!
  • #5,798
  • Jul 14, 2013 4:29pm Jul 14, 2013 4:29pm
complete wave c
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 17 KB


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metatrader indicator best
  • #5,799
  • Jul 14, 2013 4:56pm Jul 14, 2013 4:56pm
Quoting pindang
complete wave c {image} ----------- metatrader indicator best
Hi PD

The implications of your chart is huge. This usdcad has bee sluggish in going up recently. Week before the last when it appeared like the usd was going to the moon cad futures did not fall as much

Olu
If you think you can or cannot do it you are correct
  • #5,800
  • Jul 15, 2013 10:12am Jul 15, 2013 10:12am
wave c has ended
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 19 KB


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