Elliott Wave Trading | Page 315 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Elliott Wave Trading by Ayax 2,105 replies

Elliott wave trading 94 replies

elliott wave trading channel 22 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Elliotters..Elliott Wave Trading 9 replies

Attachments: Elliott Wave Trading
Exit Attachments

Elliott Wave Trading

  • #6,281
  • Dec 1, 2013 8:23am Dec 1, 2013 8:23am
Quoting ovidiu_gnt
{quote} My opinion .This is in CEW (NEW) , not HEW . I think , that we are in wave-b from a flat . {image}
becoz i confused in labeling and reading pattern. im trying to find a way to a better easy labelling.
although still too early to say. when i found 5 wave that is the iii is not 2.618 of i then I label as a, the counter trend will be b then i look at any 5 waves as c. if the c exceed 100 % of a from b, then i will label as higher degree as (a) then the downward is (b) then i search next 5 waves as long as not exceed 100 percent of (a) from (b).
problem is, wave a and c always 5 waves (in hew) and in cew i dont really know.
and problem again is 5 wave motive vs a / c segment on higher degree correction.
3 waves correction will always not overlapping coz don't have 4th and 5th segment.
but zz elongated is confusing.
take example drop from 3576 to 3397
or at current drop from top. its i-ii-iii-iv-v or 1-2-3.
i will wait market answer my current problem. coz im not trading more than a year. only read ew books skipping page.
currently im bullish with potential c wave failure to the wave 3 impulsive
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-oanda-division1.png Size: 45 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,282
  • Dec 1, 2013 9:40am Dec 1, 2013 9:40am
Quoting ovidiu_gnt
{quote} My opinion .This is in CEW (NEW) , not HEW . I think , that we are in wave-b from a flat . {image}

example confusion is this.
some impulse 5 hiding inside correction
it can be an ABC move or a C wave corection or a motive..depends on how the upperlevel hold.
but thats just my newbie think.
need prove from market

wave 2 has correlation 61.8 by price with wave 4 and has time alteration (or alternation ?)
if upper level holds, downside target could be retracement or 38.2 as minimum c failure on bigger scale..or motive down
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-division1.png Size: 47 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,283
  • Dec 1, 2013 9:57am Dec 1, 2013 9:57am
GOLD WEEKLY CHART

(MELTING ICEBERG SHAPE)

We may see sudden drops to the 680-850 area. BE CAREFULL !!!
Attached Image (click to enlarge)
Click to Enlarge Name: goldweekly.png Size: 49 KB
  • #6,284
  • Dec 1, 2013 10:16am Dec 1, 2013 10:16am
Quoting ud1nh0
{quote} example confusion is this. some impulse 5 hiding inside correction it can be an ABC move or a C wave corection or a motive..depends on how the upperlevel hold. but thats just my newbie think. need prove from market wave 2 has correlation 61.8 by price with wave 4 and has time alteration (or alternation ?) if upper level holds, downside target could be retracement or 38.2 as minimum c failure on bigger scale..or motive down {image}
This isn't an impulse , it is a correction . Look at post 6124 .
  • #6,285
  • Dec 1, 2013 10:32am Dec 1, 2013 10:32am
Quoting ovidiu_gnt
{quote} This isn't an impulse , it is a correction . Look at post 6124 .
it contain an alternative
one said that i can only trade eur/usd only. coz i didn't see other pair
.i can't count all waves in other pairs..too bothersome.
one wife is already hard...
two wives is a bother..hahaha
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-division1.png Size: 40 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,286
  • Dec 1, 2013 11:14am Dec 1, 2013 11:14am
Quoting davidsayli
GOLD WEEKLY CHART (MELTING ICEBERG SHAPE) We may see sudden drops to the 680-850 area. BE CAREFULL !!! {image}
pick a label by yourself
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-d1-oanda-division1.png Size: 47 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,287
  • Dec 2, 2013 3:15am Dec 2, 2013 3:15am
Quoting ud1nh0
{quote} it contain an alternative one said that i can only trade eur/usd only. coz i didn't see other pair .i can't count all waves in other pairs..too bothersome. one wife is already hard... two wives is a bother..hahaha {image}

failure fifth does exist or my labelling is wrong?chart on quote
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,288
  • Dec 2, 2013 11:07am Dec 2, 2013 11:07am
EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2013.12.png Size: 39 KB
  • #6,289
  • Dec 2, 2013 2:31pm Dec 2, 2013 2:31pm
Lots of people on the sell bandwagon with EURUSD. I wonder if it's time to change bias.
  • #6,290
  • Edited 3:12pm Dec 2, 2013 2:55pm | Edited 3:12pm
Quoting iwavetrade
Lots of people on the sell bandwagon with EURUSD. I wonder if it's time to change bias.
Hi, Well I didnt't expect this move today... I was waiting for a wave v (light blue) But it seems the wave iv wasn't completed. I'm very curious where Ian is coming up with. Because I was today smashed a little out of the field because of my bullish view....well that was time to get out...and stay out... untill things get clearer...

I made some changes to the last wave (wave iv, blue) and I suspect Ian is coming that wave iv is maybe finished...and that it could be possible we heading up again.
Besides that from the counting it can't be that we finished the wave v of the higher degree (this wave is not viewed in the image) it also can't that we finished the darkblue wave [iii]....or?! Well if we finished this then maybe a short view...but also then we need tofinish the darkblue degree...and we still need at least wave [v]

....Hope I see the things good
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB
You can manage risk, but you can't manage the return
  • #6,291
  • Dec 2, 2013 4:35pm Dec 2, 2013 4:35pm
Quoting HappyMe
{quote} Hi, Well I didnt't expect this move today... I was waiting for a wave v (light blue) But it seems the wave iv wasn't completed. I'm very curious where Ian is coming up with. Because I was today smashed a little out of the field because of my bullish view....well that was time to get out...and stay out... untill things get clearer... I made some changes to the last wave (wave iv, blue) and I suspect Ian is coming that wave iv is maybe finished...and that it could be possible we heading up again. Besides that from the counting it can't...

why iv blue lower than ii ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,292
  • Edited 5:14pm Dec 2, 2013 4:57pm | Edited 5:14pm
Quoting ud1nh0
{quote} why iv blue lower than ii ?
I believe you're right:
"Wave 4 in an impulse wave never retraces to a level low the peak of wave 1 in an uptrend or above the trough of wave 1 in a downtrend"

I need to admit...I lost the counting today.... maybe wave iii (orange) wasn't completed? That's a better fit or?!

if so then maybe the image below is the more correct counting now, also then we can go higher....if wave for did completed....

I'm curious what Ian is saying about today!!

Edit: That's also not correct.... Wave iv below wave i (orange)....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB
You can manage risk, but you can't manage the return
  • #6,293
  • Dec 2, 2013 5:11pm Dec 2, 2013 5:11pm
Quoting HappyMe
{quote} I believe you're right: "Wave 4 in an impulse wave never retraces to a level low the peak of wave 1 in an uptrend or above the trough of wave 1 in a downtrend" I need to admit...I lost the counting today.... maybe wave iii (orange) wasn't completed? That's a better fit or?! if so then maybe the image below is the more correct counting now, also then we can go higher....if wave for did completed.... I'm curious what Ian is saying about today!! {image}

it can overlap too? or we need to wait till very end of the segment of correction?
becos sometime correction a-b-c, a can overlap wave 2 area but then the c ends above area of 2. that condition, im confused, can it be called as overlapping or not.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,294
  • Dec 2, 2013 5:30pm Dec 2, 2013 5:30pm
Quoting ud1nh0
{quote} it can overlap too? or we need to wait till very end of the segment of correction? becos sometime correction a-b-c, a can overlap wave 2 area but then the c ends above area of 2. that condition, im confused, can it be called as overlapping or not.
If this is a rule: "Wave 4 in an impulse wave never retraces to a level low the peak of wave 1 in an uptrend or above the trough of wave 1 in a downtrend"
then no it can't overlap...anyway there was an exeption I thought....but that was rarely as I understand it correctly...
You can manage risk, but you can't manage the return
  • #6,295
  • Edited 5:46pm Dec 2, 2013 5:34pm | Edited 5:46pm
Quoting HappyMe
{quote} If this is a rule: "Wave 4 in an impulse wave never retraces to a level low the peak of wave 1 in an uptrend or above the trough of wave 1 in a downtrend" then no it can't overlap...anyway there was an exeption I thought....but that was rarely as I understand it correctly...
here's my version
i hope any elliottician can give input.
this wave down on smaller timefram did not have enuf confidence as impulsive (for me) except it can turn the [c] to 2.618 and no retrace overlap at price area of [-b-]
but it's [-b-] to downward was exceeding 200 % of [-a-], so...i think its part of a larger degree movement.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-oanda-division1.png Size: 47 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,296
  • Dec 2, 2013 7:08pm Dec 2, 2013 7:08pm
Quoting ud1nh0
{quote} here's my version i hope any elliottician can give input. this wave down on smaller timefram did not have enuf confidence as impulsive (for me) except it can turn the [c] to 2.618 and no retrace overlap at price area of [-b-] but it's [-b-] to downward was exceeding 200 % of [-a-], so...i think its part of a larger degree movement. {image}

seems failure fifth with 1.618 of wave i
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,297
  • Dec 2, 2013 7:24pm Dec 2, 2013 7:24pm
Indeed... that was not pleasant!
The bullish structure is hanging on by a thread and cannot take any break below 1.3518.
I have noted that the (green) Wave iii - if I take the following high at 1.3478 instead of 1.3476 (which I debated with myself at the time) then the 223.6% projection in Wave iii comes to 1.3621 precisely. We have already seen a 54% retracement and I wouldn't expect any more than 58.6% - at 1.3518. I see some conflicting indications in USDCHF but in GBPUSD my count has remained intact but doesn't have a huge upside window before a deeper correction. So I could argue a bullish structure still, but with a big dollop of caution that means we need the upside to prove itself now.

The problem I have is the larger daily/weekly structure which I have been following for a few years. This suggests the need for one more high (only) and then I'd get bearish. If this breaks below 1.3290 then it means I have to totally review the weekly structure which I find tough...

The chart is below - but noting there's virtually no wriggle room before stronger losses take hold...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDimpulsivejust_zps068ee82a.png Size: 193 KB
No I haven't got the wave structure wrong! I've corrected it!
  • #6,298
  • Dec 2, 2013 7:32pm Dec 2, 2013 7:32pm
Quoting Ian Copsey
Indeed... that was not pleasant! The bullish structure is hanging on by a thread and cannot take any break below 1.3518. I have noted that the (green) Wave iii - if I take the following high at 1.3478 instead of 1.3476 (which I debated with myself at the time) then the 223.6% projection in Wave iii comes to 1.3621 precisely. We have already seen a 54% retracement and I wouldn't expect any more than 58.6% - at 1.3518. I see some conflicting indications in USDCHF but in GBPUSD my count has remained intact but doesn't have a huge upside window before...

how come that a-b-c purple as [-b-] blue..that c purple is very longer than wave a purple?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,299
  • Dec 2, 2013 7:39pm Dec 2, 2013 7:39pm
Quoting ud1nh0
{quote} how come that a-b-c purple as [-b-] blue..that c purple is very longer than wave a purple?

oh, yes it can..structure showing 5-3-5
so, if it corellated with this downmove then most likely related 61.8 by price or by time?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,300
  • Dec 2, 2013 8:39pm Dec 2, 2013 8:39pm
Quoting ud1nh0
{quote} oh, yes it can..structure showing 5-3-5 so, if it corellated with this downmove then most likely related 61.8 by price or by time?
Downmove related 61.8% of what? Anyway, I'd suggest forgetting 61.8% - it rarely ever occurs...

There is one alternative I have seen. I don't like it but it's worth watching if this breaks below 1.3518 - and that's the 76.4% retracement in Wave of [iii]. Given the drop to 1.3399 was in 3 waves there's a half chance we could see an expanded flat but the structure would be rather blobby...
No I haven't got the wave structure wrong! I've corrected it!
24 traders viewing now