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Elliott Wave Trading

  • #6,261
  • Nov 29, 2013 3:05am Nov 29, 2013 3:05am
just another add,
corrective for me should be better if overlapping and not over ratio of motive impulsive.
strange chart in c
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  • #6,262
  • Nov 29, 2013 3:34am Nov 29, 2013 3:34am
Quoting ud1nh0
{quote} yes. thanks for input. cos looks like ascending triangle.. but i see as 5-3-5-3-5 C when the last 5 complete as corrective ratio. then it will come down. problem is. i can't project it.
Try a double combination between 1.3398 and now ( this is wave-b in a flat ) .
  • #6,263
  • Nov 29, 2013 3:39am Nov 29, 2013 3:39am
Quoting ovidiu_gnt
{quote} Try a double combination between 1.3398 and now ( this is wave-b in a plat ) .
thanks. i never knew it could be used like this
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  • #6,264
  • Nov 29, 2013 3:43am Nov 29, 2013 3:43am
wow..wow
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  • #6,265
  • Edited 5:28am Nov 29, 2013 4:59am | Edited 5:28am
Quoting ud1nh0
{quote} thanks. i never knew it could be used like this
If I'm right, this wave can not rise above 1.3628 ( terminal impulse )
  • #6,266
  • Nov 29, 2013 5:35am Nov 29, 2013 5:35am
Quoting ovidiu_gnt
{quote} If I'm right, this wave can not rise above 1.3628 ( terminal impulse )
from euro index chart, its c of b..some might see it as x 5-3-5 like me with further downside target. last 5 is may be terminal impulse pattern.
c of b has fewer target than terminal impulse
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  • #6,267
  • Edited 8:46am Nov 29, 2013 6:18am | Edited 8:46am
Hi Ian

I am really strugling with the spreadsheet.
I looked to the video but everytime I losing you somewhere....

Well I noticed that you are using two different spreadsheets for the move you explained in the video.
But I can't really figure out how to organize the spreadsheets with the wave counting.

Here is a image from a couple days back you posted on the forum as example

I guess you do it this way:
1 spreadsheet for the compleet wave -iv-
1 spreadsheet for the current wave [ii]
.....and then I'm losing you ...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 167 KB
You can manage risk, but you can't manage the return
  • #6,268
  • Nov 29, 2013 6:33am Nov 29, 2013 6:33am
Quoting HappyMe
Hi Ian I am really strugling with the website. I looked to the video but everytime I losing you somewhere.... Well I noticed that you are using two different spreadsheets for the move you explained in the video. But I can't really figure out how to organize the spreadsheets with the wave counting. Here is a image from a couple days back you posted on the forum as example I guess you do it this way: 1 spreadsheet for the compleet wave -iv- 1 spreadsheet for the current wave [ii] .....and then I'm losing you ... {image}
There are three sections in the spreadsheet. If you add another worksheet (as I do) you have 6 sections.
Then think of the wave degrees. (in anything - not using the Euro in particular.
At the bottom put the higher wave degree. Let's say we're talking about being in Wave (c) of Wave (iii).
That means in the spreadsheet you'll have in the higher degree Wave (i), (ii) (a) and (b)
In the next higher section you place the Wave -i- , -ii-. etc of Wave (c).
As you get to Wave -v- you should be matching the Wave -v- targets with the Wave (iii) targets in the bottom section.


Any clearer?
No I haven't got the wave structure wrong! I've corrected it!
  • #6,269
  • Nov 29, 2013 8:50am Nov 29, 2013 8:50am
Quoting Ian Copsey
{quote} There are three sections in the spreadsheet. If you add another worksheet (as I do) you have 6 sections. Then think of the wave degrees. (in anything - not using the Euro in particular. At the bottom put the higher wave degree. Let's say we're talking about being in Wave (c) of Wave (iii). That means in the spreadsheet you'll have in the higher degree Wave (i), (ii) (a) and (b) In the next higher section you place the Wave -i- , -ii-. etc of Wave (c). As you get to Wave -v- you should be matching the Wave -v- targets with the Wave (iii)...
mhhhh.......a little... I have too look further to the spreadsheet. Thanks!

after a day studying......I like a beer

Have a nice weekend and till later!!
You can manage risk, but you can't manage the return
  • #6,270
  • Nov 30, 2013 12:43am Nov 30, 2013 12:43am
Ian,

You might be an effing genius. I'm reading through the book again (after skimming) and some of this is very eye opening.

I have been trading waves off and on for almost 9 years. I was first a "CEW" trader but I felt there was a lot missing. I couldn't find a very accurate look at the market often. An Iranian banker showed me "Neowave" and it made my forecasts for Elliott Wave a lot more accurate. I was able to find and calculate some waves to the T but those only lead to a few "definite" possibilities in a quarter.

Make me one of your pupils.
  • #6,271
  • Nov 30, 2013 1:27am Nov 30, 2013 1:27am
yea..im as newbie learner from cew feels something lacking from the described book of cew. thats may be leading to varieties of wave labeling and pattern recognition.
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  • #6,272
  • Nov 30, 2013 2:14am Nov 30, 2013 2:14am
hey ellioticians.
i need your help.
lets say
flat is 3-3-5 as countertrend move
can i label as A-B-C or i label as a-b-c ? a whole segment can i label as a/A only?
im confused cos only a and c can have 5 move.
if only a and c can have 5 moves, it shouldn't move overlapping or anything is ok?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,273
  • Nov 30, 2013 3:04am Nov 30, 2013 3:04am
here's the chart with the labelling.
im always in lost when it come to label a or c

c always 5.
so its like motive move 5-3-5-3-5?
how can we label this like abc?
Attached Image (click to enlarge)
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14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,274
  • Nov 30, 2013 4:33am Nov 30, 2013 4:33am
Quoting ovidiu_gnt
{quote} If I'm right, this wave can not rise above 1.3628 ( terminal impulse )
i just read the book CEW neely and used the fibo ext tools on the low.
that match with neely guide...if not passed will become good one for citi.
nice reminder. i forgot that one
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  • #6,275
  • Nov 30, 2013 6:45am Nov 30, 2013 6:45am
Quoting iwavetrade
Ian, You might be an effing genius. I'm reading through the book again (after skimming) and some of this is very eye opening. I have been trading waves off and on for almost 9 years. I was first a "CEW" trader but I felt there was a lot missing. I couldn't find a very accurate look at the market often. An Iranian banker showed me "Neowave" and it made my forecasts for Elliott Wave a lot more accurate. I was able to find and calculate some waves to the T but those only lead to a few "definite" possibilities in a quarter. Make me one of your pupils....
Ha! I'm not a genius! I'm just a nerd.

What happened is exactly what I wrote in the book. I became so frustrated with the common wave relationships never really working, never knew when waves would end, never knew when a wave would extend that I just worked backwards to try and note whether I could see common ratios. The first I saw in a trend was 223.6% in USDCHF - but always in 3 waves. So I decided to write a book about this 3-wave theory I had. The truth is that as I started to write the book I hadn't discovered the way the structure developed or how they were related across fractals. So I realised I had to prove that the 3-wave move was valid and would out perform CEW. As I went through examples it all clicked and I recognised how the wave degrees were related in fractals.

Even after finishing the book additional features became clearer, the logic of alternation, how one or two-bar moves can be a complete wave if corrective in Wave (ii) or (iv). All that made me realise how much more logical it really is. I will not say it's easy all the time - it most certainly is not. I make mistakes. Mistakes in intraday structures can be quickly corrected but if in the daily or weekly then it gets awfully unpleasant! However, because of the logic and the greater discipline that avoids fantasy counts that are made to justify a view, my analysis has become so much more stable giving rise to fewer occasions where I have to adjust a count.

Where I do get frustrated is when people clam up because they feel that R.N. structure is sacrosanct. (I even had a guy on here send me hate mail!) As Infinitus pointed out, RN could only apply his technique on daily charts (although I thought I read somewhere hourly too) but it was all long hand. I mean, how can you judge when handicapped by the methodology? I did it with a calculator but then decided to apply it to a spreadsheet which generates a whole range of potential ratios to allow a much broader view of what's happening.

I find those Elliotticans that are open minded and have an analytical mind jump on this and love it... It provides so much more control. Of course, it is only a price indicator and not a system, so bringing together complementary techniques - momentum, price patterns, candlesticks, cycles - whatever you prefer - makes things a lot better...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,276
  • Nov 30, 2013 6:48am Nov 30, 2013 6:48am
Quoting ud1nh0
hey ellioticians. i need your help. lets say flat is 3-3-5 as countertrend move can i label as A-B-C or i label as a-b-c ? a whole segment can i label as a/A only? im confused cos only a and c can have 5 move. if only a and c can have 5 moves, it shouldn't move overlapping or anything is ok?
I tell you what I do... When I look over a wave count, just labelling them ABC takes more time to absorb.
For flats I use FA, FB, FC
For expanded flats I use EFA, EFB, EFC
For triangles I use ^A, ^B, ^C, ^D, ^E

It makes the counts obvious by just glancing at the count...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,277
  • Nov 30, 2013 6:59am Nov 30, 2013 6:59am
Quoting Ian Copsey
{quote} I tell you what I do... When I look over a wave count, just labelling them ABC takes more time to absorb. For flats I use FA, FB, FC For expanded flats I use EFA, EFB, EFC For triangles I use ^A, ^B, ^C, ^D, ^E It makes the counts obvious by just glancing at the count...
thanks, and for zigzag does not exist?
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  • #6,278
  • Nov 30, 2013 7:24am Nov 30, 2013 7:24am
Quoting ud1nh0
{quote} thanks, and for zigzag does not exist?
ABC
ABC-X-ABC
ABC-X-ABC-X-ABC

I don't use the radio station stuff Prechter seems to have "invented"

"Hi this is radio WYZ coming to you over the airwaves..."
No I haven't got the wave structure wrong! I've corrected it!
  • #6,279
  • Nov 30, 2013 7:37am Nov 30, 2013 7:37am
Quoting Ian Copsey
{quote} ABC ABC-X-ABC ABC-X-ABC-X-ABC I don't use the radio station stuff Prechter seems to have "invented" "Hi this is radio WYZ coming to you over the airwaves..."

lol..yes..zz x waves is confusing coz can have very small x that can turn into another series.
then better stick with basic 5 wave trend non overlap and 3 wave corrective.
thanks..have a nice weekend. sorry to bother u
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  • #6,280
  • Dec 1, 2013 6:33am Dec 1, 2013 6:33am
Quoting ud1nh0
here's the chart with the labelling. im always in lost when it come to label a or c c always 5. so its like motive move 5-3-5-3-5? how can we label this like abc? {image}
My opinion .This is in CEW (NEW) , not HEW . I think , that we are in wave-b from a flat .
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