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Elliott wave outlook

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  • #9,161
  • Nov 1, 2013 2:54am Nov 1, 2013 2:54am
Quoting PipTrapper
{quote} {quote} {quote} In each case, I like #3
It is diff what we like with what we receive... Looking the whole market 2 - 1 - 3 in preference
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,162
  • Nov 1, 2013 2:12pm Nov 1, 2013 2:12pm
according to time and price...it would take a longer time to reach specified target.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,163
  • Nov 2, 2013 7:18am Nov 2, 2013 7:18am
i guess i understand a bit why some traders looks down on mr. elliott works. Analyst try to figure out the pattern based on historical data. while some traders only seek practical application.
btw, i read glenn neelly's book, not prechter but not full.

ya, diagonal incomplete..maybe. but once again, MS,ecb,fomc can make elliott n steve nisson's works useless in seconds.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,164
  • Nov 2, 2013 8:00am Nov 2, 2013 8:00am
Quoting ud1nh0
i guess i understand a bit why some traders looks down on mr. elliott works. Analyst try to figure out the pattern based on historical data. while some traders only seek practical application. btw, i read glenn neelly's book, not prechter but not full. ya, diagonal incomplete..maybe. but once again, MS,ecb,fomc can make elliott n steve nisson's works useless in seconds.
With due respect, it would not make their work look useless. It would simply demonstrate that the interpreters count is incorrect and an alternative one would be required to reflect the REAL over the PRESUMED.

EWT provides the opportunity to determine Probability, and that is the benefit of using the technique.
  • #9,165
  • Nov 2, 2013 8:02am Nov 2, 2013 8:02am
Quoting Forex Magic
{quote} With due respect, it would not make their work look useless. It would simply demonstrate that the interpreters count is incorrect and an alternative one would be required to reflect the REAL over the PRESUMED. EWT provides the opportunity to determine Probability, and that is the benefit of using the technique.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,166
  • Nov 3, 2013 12:49pm Nov 3, 2013 12:49pm
It is simple people that doesnt understand EW (99%) think that is useless.

BTW we got USDCHF perfection of technical analysis. Same paths as Euro..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,167
  • Nov 3, 2013 3:10pm Nov 3, 2013 3:10pm
Quoting Luis Carlos
It is simple people that doesnt understand EW (99%) think that is useless. BTW we got USDCHF perfection of technical analysis. Same paths as Euro..
I agree with you LC. EW is great!

Olu
If you think you can or cannot do it you are correct
  • #9,168
  • Nov 3, 2013 5:30pm Nov 3, 2013 5:30pm
Quoting Luis Carlos
It is simple people that doesnt understand EW (99%) think that is useless. BTW we got USDCHF perfection of technical analysis. Same paths as Euro..
Agreed... and those who do not understand macroeconomics think that it has no bearing on price.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,169
  • Nov 3, 2013 7:51pm Nov 3, 2013 7:51pm
Quoting PipTrapper
{quote} Agreed... and those who do not understand macroeconomics think that it has no bearing on price.
Agreed
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,170
  • Nov 3, 2013 7:52pm Nov 3, 2013 7:52pm
Just follow the chf chart somedays ago
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,171
  • Nov 3, 2013 7:57pm Nov 3, 2013 7:57pm
Quoting ud1nh0
i guess i understand a bit why some traders looks down on mr. elliott works. Analyst try to figure out the pattern based on historical data. while some traders only seek practical application. btw, i read glenn neelly's book, not prechter but not full. ya, diagonal incomplete..maybe. but once again, MS,ecb,fomc can make elliott n steve nisson's works useless in seconds.
I have already made around 300% this year using EW.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,172
  • Nov 3, 2013 9:32pm Nov 3, 2013 9:32pm
yesterday i read rich swannel's and tom hennessy 's work.
i don't know if its valid research or not. swannell's work focus on elliot pattern matching and accuracy forecast, meanwhile hennessy's works throw away the pattern and refine the rules on counting. both of them trying to prove the theory. swannell's research found that around 35% -45% patterns has accurate forecast, hennesy's works remove the extension wave and add new rules.
when im trying to find some elliott materials in ff, i read threads comments and stuff. i found some interesting comments, mr A said EW is like mental mast*rb*t*on, mr B said u ask 1 question to elliotician and you got 17 answers, mr C said "wave work? It only seems to work in hindsight"
and then i remember one good trader (he did not use EW )..apparently he is using fibo tools on 2 or 3 swing pivot on wave segments. (im not sure, coz i only read his number SL and important number)
sometime it's important fibo line is on 200, sometime on 1.618 sometime on 100 (maybe i put the wrong swing pivots). but some of it match the rule and guideline on glen neely's book.
i believe i should be digging more of the rules and guideline on the book about EW and fibonaci. the nearest for the current condition was elongated guideline on small tf.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,173
  • Nov 3, 2013 9:45pm Nov 3, 2013 9:45pm
Quoting ud1nh0
yesterday i read rich swannel's and tom hennessy 's work. i don't know if its valid research or not. swannell's work focus on elliot pattern matching and accuracy forecast, meanwhile hennessy's works throw away the pattern and refine the rules on counting. both of them trying to prove the theory. swannell's research found that around 35% -45% patterns has accurate forecast, hennesy's works remove the extension wave and add new rules. when im trying to find some elliott materials in ff, i read threads comments and stuff. i found some interesting...



Rick Swannels work is fantastic. It debunks the myth, that you can relay heavily on fibs when making forecasts. Sometimes a move reaches this fib, another time a similar wave reaches another fib.

But Swannel work gives us something very valuable: it gives us probabilities for certain scenarios.


And that is all what trading is about: trading the probabilities, and knowing when one is wrong.
  • #9,174
  • Nov 3, 2013 10:50pm Nov 3, 2013 10:50pm
Quoting infinitus
{quote} Rick Swannels work is fantastic. It debunks the myth, that you can relay heavily on fibs when making forecasts. Sometimes a move reaches this fib, another time a similar wave reaches another fib. But Swannel work gives us something very valuable: it gives us probabilities for certain scenarios. And that is all what trading is about: trading the probabilities, and knowing when one is wrong.
if its scenario a triangle then a thrust must be at least 75 % of the widest wave but not more than 125%. but i did not see any 3-3-3-3-3 pattern except at weekly chart
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,175
  • Nov 4, 2013 6:33am Nov 4, 2013 6:33am
Looking For Short On EURUSD- Elliott Wave Strategy

On the latest Elliott Wave structure of EURUSD - we suspect that prices accomplished decline in red wave iii) so current bounce is ideally part of a red wave iv) that may retrace even back to 1.3570. We could be looking for shorts from there but only if current rise will unfold in three legs.

EURUSD Intraday Elliott Wave Analysis
Attached Image
  • #9,176
  • Nov 5, 2013 7:31am Nov 5, 2013 7:31am
Missed that GBPJPY entry for 1 pip
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,177
  • Nov 6, 2013 3:06am Nov 6, 2013 3:06am
Luis - I notice you say how much you made this year - can you tell me the success rate of your trades using EW so I know my expectation as I am new to this - is it 50% success?

Are you trading every ABC end and what is your signal for entry or are you trading a B pullback correction abc or triangle into a higher degree C or are you only trading corrections in direction of main price action which is a series of corrections?


I can see why people say EW is no good for predictions as the market is not impulsive - it is correcting all the time and so confusing.
check out the terrain - follow never lead
  • #9,178
  • Nov 6, 2013 6:59am Nov 6, 2013 6:59am
Quoting alexandria
Luis - I notice you say how much you made this year - can you tell me the success rate of your trades using EW so I know my expectation as I am new to this - is it 50% success? Are you trading every ABC end and what is your signal for entry or are you trading a B pullback correction abc or triangle into a higher degree C or are you only trading corrections in direction of main price action which is a series of corrections? I can see why people say EW is no good for predictions as the market is not impulsive - it is correcting all the time and so...
That is why you need to find out impulse in lowers time frames those could begin a new trend
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,179
  • Nov 6, 2013 7:00am Nov 6, 2013 7:00am
Quoting Luis Carlos
Missed that GBPJPY entry for 1 pip
I am reallly pissed 2 weeks looking the entry and the reaction...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,180
  • Nov 6, 2013 7:03am Nov 6, 2013 7:03am
There is a possibility that kiwi get down for 60 pips soon. No confirmation
Stocktwit: LuisCarlos - twitter: @lcparodi
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