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Elliott Wave Trading

  • #6,181
  • Nov 27, 2013 1:41am Nov 27, 2013 1:41am
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!

chart please
  • #6,182
  • Nov 27, 2013 1:46am Nov 27, 2013 1:46am
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.
chart please
  • #6,183
  • Nov 27, 2013 1:47am Nov 27, 2013 1:47am
what is up people?

broken pencil?

EW forum with NO-charts?


will be back when I see charts.......
  • #6,184
  • Nov 27, 2013 1:49am Nov 27, 2013 1:49am
the line down is not yet confirmed until upperline touched
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-oanda-division1.png Size: 54 KB
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  • #6,185
  • Nov 27, 2013 1:51am Nov 27, 2013 1:51am
Quoting infinitus
{quote} chart please

there u go
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,186
  • Nov 27, 2013 1:55am Nov 27, 2013 1:55am
Quoting infinitus
what is up people? broken pencil? EW forum with NO-charts? will be back when I see charts.......

few pips down is 1.618 and 200. i dont know if waterfall effect will affect this down move
i follow terminal impulse rather than diagonal triangle term. as glenn neely stated in his book
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,187
  • Nov 27, 2013 2:11am Nov 27, 2013 2:11am
Quoting infinitus
{quote} chart please

edt a.k.a terminal impulse on glen neely guide is
2nd wave should not retrace more than 61,8. if it did then 3 rd wave should not be more than 1st wave.
4th wave should retrace less than 38,2. and 5th should not be more than 61.8 of 3rd.
if 4th retrace more than that, glenn said possible of fifth extension

above all if not met, then its not terminal impulse, a.k.a edt
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  • #6,188
  • Nov 27, 2013 2:23am Nov 27, 2013 2:23am
Quoting infinitus
what is up people? broken pencil? EW forum with NO-charts? will be back when I see charts.......

go back here and comment my chart after both lines broken..
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  • #6,189
  • Nov 27, 2013 2:53am Nov 27, 2013 2:53am
Quoting infinitus
{quote} No offense intended, but it can not hurt to show a chart from time to time...........
I hope you will understand that I do have to protect my subscribers but of course I do also like to show how HEW works. Having said that I did publish the forecast yesterday on my blog http://harmonicelliottwave.blogspot....eurusd_26.html (although without charts.) So... here is the current chart with the 1.3598 high being 4 points short of an ideal (blue) Wave iii and should now remain above 1.3545-53 in Wave iv (satisfying alternation) to then rallying to the 238.2% projection in (green) Wave iii at 1.3626.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDNov27_zpsd59571f0.png Size: 256 KB
No I haven't got the wave structure wrong! I've corrected it!
  • #6,190
  • Nov 27, 2013 3:11am Nov 27, 2013 3:11am
Quoting Ian Copsey
{quote} I hope you will understand that I do have to protect my subscribers but of course I do also like to show how HEW works. Having said that I did publish the forecast yesterday on my blog http://harmonicelliottwave.blogspot....eurusd_26.html (although without charts.) So... here is the current chart with the 1.3598 high being 4 points short of an ideal (blue) Wave iii and should now remain above 1.3545-53 in Wave iv (satisfying alternation) to then rallying to the 238.2% projection in (green) Wave iii at...

mm [ii] blue at 329x its discontinued?
i don't see [iii] etc at the chart ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,191
  • Nov 27, 2013 3:16am Nov 27, 2013 3:16am
Quoting ud1nh0
{quote} mm [ii] blue at 329x its discontinued? i don't see [iii] etc at the chart ?
Of course not... it hasn't been reached. It needs a 5-wave rally from the Wave b in square brackets (!) to reach the Wave [c] / [iii]...

(sorry - kept trying to make everything bold!)
No I haven't got the wave structure wrong! I've corrected it!
  • #6,192
  • Nov 27, 2013 3:16am Nov 27, 2013 3:16am
Quoting Ian Copsey
{quote} Of course not... it hasn't been reached. It needs a 5-wave rally from the Wave to reach the Wave [c] / [iii]...

5 wave rally without overlapping?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,193
  • Nov 27, 2013 3:20am Nov 27, 2013 3:20am
Quoting Ian Copsey
{quote} Of course not... it hasn't been reached. It needs a 5-wave rally from the Wave b in square brackets (!) to reach the Wave [c] / [iii]... (sorry - kept trying to make everything bold!)

that 1.3578 fit as [iii] [c] its 1.618
in classical EW its zz become and x at 339x
in HEW can it become 1 and 2 ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,194
  • Nov 27, 2013 3:28am Nov 27, 2013 3:28am
Quoting ud1nh0
{quote} that 1.3578 fit as [iii] [c] its 1.618 in classical EW its zz become and x at 339x
Err... no, CEW doesn't work. I've seen it not work too many times. The minimum Wave (iii) is 176.4%.

161.8% is a Wave (c) projection ratio (and rarely occurs.)

Sounds like you're used to waiting until it looks like a wave has ended to put on a label... That's why I dug deeper to find out where the wave relationships lie and it's not in the 5-wave moves. It's between 3-wave moves.

"5 wave rally without overlapping?"

Assuming you mean Wave (ii) and (iv) ... of course.
No I haven't got the wave structure wrong! I've corrected it!
  • #6,195
  • Nov 27, 2013 3:33am Nov 27, 2013 3:33am
Quoting Ian Copsey
{quote} That's why I dug deeper to find out where the wave relationships lie and it's not in the 5-wave moves. It's between 3-wave moves. "5 wave rally without overlapping?" Assuming you mean Wave (ii) and (iv) ... of course.
give me time to think about this meaning about "its not in the 5 wave moves. its between 3 waves moves"
so if any three move is 3rd move more than 1.618 its not a 3 wave move?
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  • #6,196
  • Nov 27, 2013 3:42am Nov 27, 2013 3:42am
Quoting ud1nh0
{quote} give me time to think about this meaning about "its not in the 5 wave moves. its between 3 waves moves" so if any three move is 3rd move more than 1.618 its not a 3 wave move?
Wave (i), (iii) and (v) are comprised of 3-wave moves an ABC. If you look at the chart above you will see this.

Take a look at this: http://harmonicelliottwave.blogspot....structure.html

There are also a lot of videos that explain the basic characteristics of HEW. At the top right there's a long introduction - over an hour - that goes through the method.
No I haven't got the wave structure wrong! I've corrected it!
  • #6,197
  • Nov 27, 2013 4:17am Nov 27, 2013 4:17am
Quoting infinitus
{quote} chart please

if you enter sell. i recommend sl 1.3625 coz move above this will invalidate edt a.k.a terminal impulse on lower time frame.
tp would be 25 pips. 1:1 risk reward
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,198
  • Nov 27, 2013 4:41am Nov 27, 2013 4:41am
Quoting ud1nh0
{quote} go back here and comment my chart after both lines broken..

yeah, I see, but EW works best when you put some labeling on the chart, doesn't it?
  • #6,199
  • Nov 27, 2013 4:46am Nov 27, 2013 4:46am
Quoting Ian Copsey
{quote} I hope you will understand that I do have to protect my subscribers but of course I do also like to show how HEW works. Having said that I did publish the forecast yesterday on my blog http://harmonicelliottwave.blogspot....eurusd_26.html (although without charts.) So... here is the current chart with the 1.3598 high being 4 points short of an ideal (blue) Wave iii and should now remain above 1.3545-53 in Wave iv (satisfying alternation) to then rallying to the 238.2% projection in (green) Wave iii at...
Thanks
  • #6,200
  • Nov 27, 2013 4:58am Nov 27, 2013 4:58am
Quoting infinitus
{quote} yeah, I see, but EW works best when you put some labeling on the chart, doesn't it?
naw, too lazy to delete/change if invalidated
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