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Elliott Wave Trading

  • #6,161
  • Nov 26, 2013 3:12pm Nov 26, 2013 3:12pm
Quoting infinitus
{quote} But sometimes traders have come to a conclusion and place a trade this one is for the case that the high at 3577 does give way {image}
What do you think about the 1.3626, maybe 1.3645 and 1.3684 levels?
No I haven't got the wave structure wrong! I've corrected it!
  • #6,162
  • Nov 26, 2013 3:28pm Nov 26, 2013 3:28pm
Quoting infinitus
{quote} EDT are not rare, LDT are rare especially in Forex you will see EDT relatively often
I'm not particularly sure what this is. I was thinking there might be a running triangle instead of an EDT.

*shrugs*

I'm long with a small position ATM so we'll see soonish!
  • #6,163
  • Nov 26, 2013 4:03pm Nov 26, 2013 4:03pm
Quoting Ian Copsey
{quote} What do you think about the 1.3626, maybe 1.3645 and 1.3684 levels?

3645 would make my red double zigzag the first zigzag equal the second one

3626 is the 61,8 retracement of the decline from the 3832 top

3684 is the 72,40 retracement level of the decline from the 38,32 top


all valid levels which can be touched


looking at S/R levels on daily, weekly and monthly, I have daily levels at 3577 and 3647 and a monthly level at 3712

Judging from Market Profile volume analysis, I have now only a strong level @ 3759, weaker ones are located at 3647 and 3583 ("old money"), and between 3665 and 3669 ("intermediate aged money")


From this point I would say: either the top is in, or 3647 is the likely one level


Looking again at my count: when the last red ABC develops as red A = red C, then target would be 3647 again
  • #6,164
  • Nov 26, 2013 4:03pm Nov 26, 2013 4:03pm
Quoting iwavetrade
{quote} I'm not particularly sure what this is. I was thinking there might be a running triangle instead of an EDT. *shrugs* I'm long with a small position ATM so we'll see soonish!

chart please
  • #6,165
  • Nov 26, 2013 5:28pm Nov 26, 2013 5:28pm
Quoting infinitus
{quote} 3645 would make my red double zigzag the first zigzag equal the second one 3626 is the 61,8 retracement of the decline from the 3832 top 3684 is the 72,40 retracement level of the decline from the 38,32 top all valid levels which can be touched looking at S/R levels on daily, weekly and monthly, I have daily levels at 3577 and 3647 and a monthly level at 3712 Judging from Market Profile volume analysis, I have now only a strong level @ 3759, weaker ones are located at 3647 and 3583 ("old money"), and between 3665 and 3669 ("intermediate...
No projection targets?
No I haven't got the wave structure wrong! I've corrected it!
  • #6,166
  • Nov 26, 2013 8:09pm Nov 26, 2013 8:09pm
Quoting Grigoriy
{image}
Take your chart and where you have the first leg of your triangle, I have an A wave.

Then the rest of the triangle is a,b,c,d,e of a B wave, with this current move up being the C wave.

If I'm correct, then the formation should be a zigzag and minimum price reached should be. 1.36722

Long with a S/L 1.35562. Price may rebound off the upper trend line of the running triangle.

If it takes out my stop before reaching higher then I'm wrong . EWT WITH OBJECTIVE STOP LOSSES!
  • #6,167
  • Nov 26, 2013 9:32pm Nov 26, 2013 9:32pm
Quoting iwavetrade
{quote} Take your chart and where you have the first leg of your triangle, I have an A wave. Then the rest of the triangle is a,b,c,d,e of a B wave, with this current move up being the C wave. If I'm correct, then the formation should be a zigzag and minimum price reached should be. 1.36722 Long with a S/L 1.35562. Price may rebound off the upper trend line of the running triangle. If it takes out my stop before reaching higher then I'm wrong . EWT WITH OBJECTIVE STOP LOSSES!
But what happens if this is not a correction higher?
No I haven't got the wave structure wrong! I've corrected it!
  • #6,168
  • Nov 26, 2013 9:34pm Nov 26, 2013 9:34pm
Quoting Ian Copsey
{quote} But what happens if this is not a correction higher?
Are you seeing a wave-3 with your HEW?

EDIT: Btw, are you the Ian Copsey that wrote HEW? I bought it but I haven't gotten around to reading it yet.
  • #6,169
  • Nov 26, 2013 9:48pm Nov 26, 2013 9:48pm
Quoting iwavetrade
{quote} Are you seeing a wave-3 with your HEW? EDIT: Btw, are you the Ian Copsey that wrote HEW? I bought it but I haven't gotten around to reading it yet.
Yes, I see impulsive 3-wave moves... It's all down to the daily/weekly structures... but let's see if my projections develop. Before 1.3626 is 1.3602 first...

I thoroughly recommend my book!
No I haven't got the wave structure wrong! I've corrected it!
  • #6,170
  • Nov 26, 2013 9:53pm Nov 26, 2013 9:53pm
Quoting iwavetrade
{quote} Are you seeing a wave-3 with your HEW? EDIT: Btw, are you the Ian Copsey that wrote HEW? I bought it but I haven't gotten around to reading it yet.
yellow
you late to recognize ! oh well, better late than never
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,171
  • Nov 26, 2013 10:00pm Nov 26, 2013 10:00pm
Quoting ud1nh0
{quote} yellow you late to recognize ! oh well, better late than never
I recognized the name but it could have been someone posing as him or a follower.
  • #6,172
  • Nov 26, 2013 10:13pm Nov 26, 2013 10:13pm
Quoting iwavetrade
{quote} I recognized the name but it could have been someone posing as him or a follower.
btw if we use classical ew, i think its flat from 3104-3830 ( 3 segment abc) downward ( 3 segment in daily) up ward 5 segment ( not yet) ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,173
  • Nov 26, 2013 10:14pm Nov 26, 2013 10:14pm
Quoting iwavetrade
{quote} I recognized the name but it could have been someone posing as him or a follower. @Ian Copsey, it will be interesting to see how it unfolds. From my analysis and comparison, this would have a burst like a wave-3 because of the running triangle. What is your target?
A lot of people think I'm a poser!
In HEW there are no leading/ending triangles, running triangles (but irregular are ok) failed fifths or extended waves...
You'll find that Wave 3's are not as bursty as you think - well, not in corrective structures and we are, on a weekly basis, in a corrective structure. In Wave iii the Wave b can retrace up to 85.4%... occasionally I've seen a bit deeper than that... Look at the example on the previous page of the 5-wave rally...

Target for what? I've given the next 3 targets... as long as I have the right projection ratios of course...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,174
  • Nov 26, 2013 10:33pm Nov 26, 2013 10:33pm
Quoting Ian Copsey
{quote} What do you think about the 1.3626, maybe 1.3645 and 1.3684 levels?
I'm guessing that they are these targets.

I find it interesting that your targets coincide with pivots.


Price is fighting it's way back down as we speak.
  • #6,175
  • Nov 26, 2013 10:36pm Nov 26, 2013 10:36pm
Quoting Grigoriy
{image}
Here it goes. Does Grigoriy win the Elliott Wave prize or will we move higher after the test of the upper trend line.

Stay tuned!
Bed time for me.
  • #6,176
  • Nov 26, 2013 10:50pm Nov 26, 2013 10:50pm
if edt, before 1.36 will retrace down less than 38.2 then up again by ratio of 3rd segment.
if more than 38.2 it will be extented fifth.
too much if.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,177
  • Nov 26, 2013 11:00pm Nov 26, 2013 11:00pm
Quoting ud1nh0
if edt, before 1.36 will retrace down less than 38.2 then up again by ratio of 3rd segment. if more than 38.2 it will be extented fifth. too much if.

wrong count
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,178
  • Nov 26, 2013 11:35pm Nov 26, 2013 11:35pm
Quoting iwavetrade
{quote} I'm guessing that they are these targets. I find it interesting that your targets coincide with pivots. Price is fighting it's way back down as we speak.
I would suggest putting your stop at 1.3540...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,179
  • Nov 26, 2013 11:39pm Nov 26, 2013 11:39pm
Quoting Ian Copsey
{quote} A lot of people think I'm a poser! In HEW there are no leading/ending triangles, running triangles (but irregular are ok) failed fifths or extended waves... You'll find that Wave 3's are not as bursty as you think - well, not in corrective structures and we are, on a weekly basis, in a corrective structure. In Wave iii the Wave b can retrace up to 85.4%... occasionally I've seen a bit deeper than that... Look at the example on the previous page of the 5-wave rally... Target for what? I've given the next 3 targets......

Failed fifth, out of my view, are a relict of a time, when there were only daily charts. And Elliott only charted with daily ones, when I remember correctly.

Simply said: the daily filter is to much for some subdividing waves (which can be clearly seen when going into lower TF)
  • #6,180
  • Nov 26, 2013 11:41pm Nov 26, 2013 11:41pm
Quoting Ian Copsey
{quote} I would suggest putting your stop at 1.3540...
No offense intended, but it can not hurt to show a chart from time to time...........
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