Attachments: Elliott Wave Trading

Elliott Wave Trading

#6,061
Sep 25, 2013 7:34am Sep 25, 2013 7:34am

saqib
| Joined Feb 2010 | Status: Trader | 79 Posts

Quoting Ian Copsey

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{quote} If you look carefully at where I have labeled Wave a and Wave b you will see that Wave a was the top of the 3rd bar and Wave b the bottom of the 4th bar. If you had seen that in a 5 minute chart it would have been clear. Also note that because the Wave ii occurred over one bar that the Wave iv was complex, both of average retracements and balancing out not only in terms of complexity but also in depth.

Ignored

apologies Ian i missed your reply, Yes you are correct. i see what you marked on the 5 Min chart clearly.
It As You Marked It.

i will recount again.

thank you

#6,062
Sep 25, 2013 1:17pm Sep 25, 2013 1:17pm

Ian Copsey
| Commercial User | Joined Nov 2010 | 447 Posts

Quoting saqib

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{quote} Hi Ian, you have a section for triangles in your excel file, if there are no triangles what is that section used for ? I understand the diagonal triangles, in CEW, with 3 moves. How do you count them in HEW. ? Thanks in advance.

Ignored

There is a section for triangles at the bottom of the spreadsheet.

I mentioned in the top response on this page that there are no such thing as a diagonal triangle in HEW... in CEW diagonal triangles are made up of 3-wave moves. In HEW ALL waves are made up of 3-wave moves. The only waves that 5-waves make is Wave A and Wave C - and they make up the groups of 3-waves. 4th & 1st will never overlap. Again this is a factor of the wrong impulsive structure suggested by Elliott based on 5-waves and has given rise to all these "add-ons" of diagonal triangles, extended waves and failed fifths. His observations on corrections were absolutely stunning though!

No I haven't got the wave structure wrong! I've corrected it!

#6,063
Sep 25, 2013 5:36pm Sep 25, 2013 5:36pm

saqib
| Joined Feb 2010 | Status: Trader | 79 Posts

Quoting Ian Copsey

Disliked

{quote} There is a section for triangles at the bottom of the spreadsheet. I mentioned in the top response on this page that there are no such thing as a diagonal triangle in HEW... in CEW diagonal triangles are made up of 3-wave moves. In HEW ALL waves are made up of 3-wave moves. The only waves that 5-waves make is Wave A and Wave C - and they make up the groups of 3-waves. 4th & 1st will never overlap. Again this is a factor of the wrong impulsive structure suggested by Elliott based on 5-waves and has given rise to all these "add-ons" of diagonal...

Ignored

Thank you, IAN..

I have been intensively studing your xls file, and have mostly understood how to use the HEW projections. I must say it is not simple.
I am still struggling with marking the HEW on the chart.
Can you kindly show me how the below EURUSD on H1 can possible be marked ?
I tried but my projections for wave 3 are way off or below the indicated %ages on the excel file.
Plus a question, what is the ratio of 'c' projection in abc of wave 1, or is it the same as wave 3 ?

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#6,064
Sep 25, 2013 5:53pm Sep 25, 2013 5:53pm

saqib
| Joined Feb 2010 | Status: Trader | 79 Posts

Hi Ian,

I tried to continue the EURUSD H1 chart,
Wave 3 projection is more than than 423.60% is it correct ? or my counting is fawed ?

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#6,065
Sep 25, 2013 8:54pm Sep 25, 2013 8:54pm

Ian Copsey
| Commercial User | Joined Nov 2010 | 447 Posts

Quoting saqib

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Hi Ian, I tried to continue the EURUSD H1 chart, Wave 3 projection is more than than 423.60% is it correct ? or my counting is fawed ? {image}

Ignored

If you have watched the video on the projections you will note the general pattern of 261.8% - 298.4%, 361.8% - 398.4% etc... well, that can (occasionally) go higher to the 461.8% - 498.4% and onwards up each step of 100. You also need take note of the 223.6% & 238.2% (and steps of 100). You can change the values as you need. Putting them all in would make the spreadsheet too cumbersome...

It is not so common to get above 461.8% but in the case above was around the 523.6%. In U.S. equities, recently they've gone a bit mad and have approached 661.8%! However, this is not normal but seems to have been provoked by the QE and traders jumping in on the ride... It's making the moves a lot more choppy and difficult to judge at the moment.

I'll not comment on the follow-through in EURUSD at this point as it's still a "live" development and I have to protect my subscribers. Apologies, but I'll try and remember to post it later.

No I haven't got the wave structure wrong! I've corrected it!

#6,066
Sep 25, 2013 9:06pm Sep 25, 2013 9:06pm

Ian Copsey
| Commercial User | Joined Nov 2010 | 447 Posts

I find in general that people often find the process of recognising fractals/wave degrees and how they're related in HEW quite difficult. Below are two charts of the S&P (which I find has helped people click) starting from the weekly count down to the daily chart of the Wave (c) of Wave (iii):

You'll note in the daily chart how shallow the Wave -b- of Wave -iii- was. I was pretty new to this myself and thought I'd made an error in calling the end of Wave v to form Wave -a- (Wave v being a 66.7% projection.) However, after the followthrough the pullback remained above the Wave -b- and that allowed me to forecast the green Wave iii, iv and v plus the Wave -iv- all before the green Wave iii had ended. That forecast spanned over 2 months... (Thank you spreadsheet!)

I hope they help in understanding how fractals work...

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No I haven't got the wave structure wrong! I've corrected it!

#6,067
Sep 25, 2013 9:46pm Sep 25, 2013 9:46pm

forexalien
Joined Nov 2012 | Status: Trader | 13,922 Posts

EJ might have just let the cat out of the bag for it's next move long...................

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The More You Learn, The More You Earn.....

#6,068
Sep 26, 2013 12:13pm Sep 26, 2013 12:13pm

saqib
| Joined Feb 2010 | Status: Trader | 79 Posts

Quoting Ian Copsey

Disliked

{quote} If you have watched the video on the projections you will note the general pattern of 261.8% - 298.4%, 361.8% - 398.4% etc... well, that can (occasionally) go higher to the 461.8% - 498.4% and onwards up each step of 100. You also need take note of the 223.6% & 238.2% (and steps of 100). You can change the values as you need. Putting them all in would make the spreadsheet too cumbersome... It is not so common to get above 461.8% but in the case above was around the 523.6%. In U.S. equities, recently they've gone a bit mad and have approached...

Ignored

Thankyou Ian

I will study the SPX charts posted in detail. and will wait for the EURUSD chart.

#6,069
Sep 26, 2013 5:15pm Sep 26, 2013 5:15pm

hirenfxtrade
| Joined Apr 2013 | Status: Trader | 91 Posts

Eur/Jpy & Usd/Jpy

Both eur and usd are emerging from last leg e of da triangle in above pairs?

or which doesn't ?

#6,070
Sep 27, 2013 4:51am Sep 27, 2013 4:51am

Ian Copsey
| Commercial User | Joined Nov 2010 | 447 Posts

Quoting hirenfxtrade

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Eur/Jpy & Usd/Jpy Both eur and usd are emerging from last leg e of da triangle in above pairs? or which doesn't ?

Ignored

...or perhaps they're not triangles...

No I haven't got the wave structure wrong! I've corrected it!