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Elliott Wave Trading

  • #6,001
  • Sep 12, 2013 3:38pm Sep 12, 2013 3:38pm
Quoting ovidiu_gnt
{quote} OK ! The last wave isn't an impulse . What can be ?
Hi o_g,
I deleted the last few posts while I take another look.
Hope I didn't waste too much of your time.
Cheers,
U2
Wait, or you will be slaughtered!
  • #6,002
  • Sep 12, 2013 3:44pm Sep 12, 2013 3:44pm
EURUSD 15m Chart:
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130912_15m[2] eurusd.png Size: 63 KB
Wait, or you will be slaughtered!
  • #6,003
  • Sep 12, 2013 3:58pm Sep 12, 2013 3:58pm
Quoting Uturn2
EURUSD 15m Chart: Cheers, U2 {image}
a / b as a triangle
[wave c in 5 waves].
15m Chart:
Cheers,
u2
Attached Image (click to enlarge)
Click to Enlarge Name: 130912_15m[3] eurusd.png Size: 67 KB
Wait, or you will be slaughtered!
  • #6,004
  • Sep 13, 2013 12:59pm Sep 13, 2013 12:59pm
"Elliott Wave"

Gbp/Usd as said gone well above 1.57...err 1.58

I hope you got profits ..
Now, According to my count, gbp/usd should head down below 1.41 and MUST not go below 1.35

Its amazing, people are were telling a triangle for downside after 'e' now its triangle for upside after 'e'
That is why triangle = state of confusion?
  • #6,005
  • Sep 15, 2013 4:58pm Sep 15, 2013 4:58pm
Quoting hirenfxtrade
"Elliott Wave" Gbp/Usd as said gone well above 1.57...err 1.58 I hope you got profits .. Now, According to my count, gbp/usd should head down below 1.41 and MUST not go below 1.35 Its amazing, people are were telling a triangle for downside after 'e' now its triangle for upside after 'e' That is why triangle = state of confusion?
Well, 1.59 with half way...
This should be called real fireworks in history of forex (in 1.4 years)

If above post of which I am replying is gonna be true then only then eur/usd is on the edge of very sharp fall...
be aware traders.

Good bye & good luck...




Bond: I think he got the point
  • #6,006
  • Sep 16, 2013 3:08am Sep 16, 2013 3:08am
Hi all!

My EU H1 count...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 ew1.png Size: 50 KB
Anything is math!
  • #6,007
  • Sep 16, 2013 3:15am Sep 16, 2013 3:15am
Quoting Kajos2250
Hi all! My EU H1 count... Good luck! {image}
In your blue count which is lower level count of red Wave i, wave iii is the shortest and wave iv overlap with wave i. Overall only three rules of EW enough limited to be predictable. If you skip two of them, how can it help traders? EW is a game to put label on price movement after they finished
  • #6,008
  • Sep 16, 2013 4:00am Sep 16, 2013 4:00am
Quoting Almondeyed
{quote} In your blue count which is lower level count of red Wave i, wave iii is the shortest and wave iv overlap with wave i. Overall only three rules of EW enough limited to be predictable. If you skip two of them, how can it help traders? EW is a game to put label on price movement after they finished
You are absolutly right in the roules except the only 3 roules enoght!
The i wave length is 158 pipet the iii more than 250...
Becouse the very sub divide and the exiguous legth of waves (10-20 pip) in my opinion let be spread overleap of iv - i waves, and in this other wiev? Only close price?

Thank for your remark, please do more if you can, because i want to be good gamer of these movements!

What is your opinion from my wiev?

And sorry for my poor english
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 ew1_1.png Size: 47 KB
Anything is math!
  • #6,009
  • Sep 16, 2013 4:18am Sep 16, 2013 4:18am
I think less rules don't make everything more easy. It gives emotions more functions which is very dangerous in trading game. New vision which was introduced by Ian (you can find details above - Harmonic Elliott) is much more helpful because it has more structured rules. But more rules gives traders more home work and force them to study harder.

Without wave relationships (Fibos) it is useless to comment about any wave count.
  • #6,010
  • Sep 16, 2013 10:30am Sep 16, 2013 10:30am
Quoting Almondeyed
I think less rules don't make everything more easy. It gives emotions more functions which is very dangerous in trading game. New vision which was introduced by Ian (you can find details above - Harmonic Elliott) is much more helpful because it has more structured rules. But more rules gives traders more home work and force them to study harder. Without wave relationships (Fibos) it is useless to comment about any wave count.

Why do you think that?

Yes, often enough we have in impulses very good wave relationships, but sometimes not. Especially in corrective waves the fib relationships can suck big time.


Even when we are looking for fibs - which of all the fibs will be the turning point?


Swannell did an outstanding good job in describing wave relationships. You can find the material here:


http://www.forexfactory.com/showthre...35#post6952235
  • #6,011
  • Sep 16, 2013 12:11pm Sep 16, 2013 12:11pm
Quoting infinitus
{quote} Why do you think that? Yes, often enough we have in impulses very good wave relationships, but sometimes not. Especially in corrective waves the fib relationships can suck big time. Even when we are looking for fibs - which of all the fibs will be the turning point? Swannell did an outstanding good job in describing wave relationships. You can find the material here: http://www.forexfactory.com/showthre...35#post6952235

It doesn't mean with fibos it is ok... Just put odds on your side little more... Need more weapons in the Arsenal... Cycles, momentum indicators, harmonic patterns, trend lines etc....

By the way thank you for the document.. I like statistical studies. Same need to be done for HEW as well.
  • #6,012
  • Sep 16, 2013 12:16pm Sep 16, 2013 12:16pm
EURUSD DLY Chart:
Just a rough idea,
correction over?
[Minimum target for a wave iii 176.4%]
Cheers,
U2

Edit: minor chart update
Attached Image (click to enlarge)
Click to Enlarge Name: 130916_dly[1] eurusd.png Size: 61 KB
Wait, or you will be slaughtered!
  • #6,013
  • Sep 16, 2013 1:00pm Sep 16, 2013 1:00pm
Quoting infinitus
{quote} Why do you think that? Yes, often enough we have in impulses very good wave relationships, but sometimes not. Especially in corrective waves the fib relationships can suck big time. Even when we are looking for fibs - which of all the fibs will be the turning point? Swannell did an outstanding good job in describing wave relationships. You can find the material here: http://www.forexfactory.com/showthre...35#post6952235

I agree that Fibo relationships are not always present in traditional EW. It's haphazard. There are always good Fibo relationships in impulse waves in HEW. Sometimes they come easily and sometimes the noise makes it tough to recognise. Sometimes it's easy to misjudge. However, they are there and what's more the fractals are related as well. In that way you get multiple wave degree targets converging.
No I haven't got the wave structure wrong! I've corrected it!
  • #6,014
  • Sep 17, 2013 1:34am Sep 17, 2013 1:34am
Quoting Uturn2
EURUSD DLY Chart: Just a rough idea, correction over? [Minimum target for a wave iii 176.4%] Cheers, U2 Edit: minor chart update {image}
No ! No ! No ! You patience ! The trend is UP . Look for a large correction ( TF 1h - 4h ) . Perhaps this correction will be completed today. After breaking the 1.3385 level, I attach a chart .
  • #6,015
  • Sep 17, 2013 2:33am Sep 17, 2013 2:33am
It seems to me the correction of iii) wave is finished. Let's see is this count correct!

Have green pips!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 ew2_1.png Size: 47 KB
Anything is math!
  • #6,016
  • Sep 17, 2013 9:08am Sep 17, 2013 9:08am
It looks that CFD Nasdaq 100 is on the B wave correction of a down move

Attached Image (click to enlarge)
Click to Enlarge Name: Nasdq.jpg Size: 225 KB
  • #6,017
  • Sep 17, 2013 10:32am Sep 17, 2013 10:32am
Quoting Uturn2
EURUSD DLY Chart: Correction over? [Minimum target for a wave iii 176.4%] Cheers, U2 {image}
EURUSD DLY Update:
[wave c 85.4% to 161.8% projection of wave a?]
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130917_dly[1] eurusd.png Size: 70 KB
Wait, or you will be slaughtered!
  • #6,018
  • Sep 18, 2013 5:10am Sep 18, 2013 5:10am
Lets see can it finish black(iii), red(v) waves, before a deeper black(iii) correction.
Perfect RR for a long, near invalidation levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 ew3.png Size: 49 KB
Anything is math!
  • #6,019
  • Sep 18, 2013 5:25am Sep 18, 2013 5:25am
Quoting Kajos2250
Lets see can it finish black(iii), red(v) waves, before a deeper black(iii) correction. Perfect RR for a long, near invalidation levels. {image}
Just to say, that if you are following Harmonic Elliott Wave then as UTurn2 mentioned the minimum Wave (iii) is 176.4% so the red iii) is not valid...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,020
  • Sep 18, 2013 5:54am Sep 18, 2013 5:54am
Quoting Ian Copsey
{quote} Just to say, that if you are following Harmonic Elliott Wave then as UTurn2 mentioned the minimum Wave (iii) is 176.4% so the red iii) is not valid...
It can be. I just try to count as Classic Elliott Wave Theory and the most typical fibonacci ratios/multiplies (from chapter 4: Ratio Analisys) wave 3 = 1.618 or 2.618 x wave 1....

This is just my opinion, but the good risk reward doesn't let me skip this trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 ew3_1.png Size: 48 KB
Anything is math!
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