Elliott Wave Trading

Quoting HappyMe

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Hi, In this threath I noticed that both the CEW and the HEW is discussed. I think that is a little confusing sometimes, well at least I think it is You look to charts and then you noticed it is the CEW. Besides that one person is telling and explaining the CEW countings rules and guidelines etcetc and the other is telling about his HEW guidelines etc, etc... Well because of this confusions I thought it would be great to create a new threath, so I did : "Harmonic Elliott Wave (HEW)" You can find the threath at http://www.forexfactory.com/showthre...16#post7132316...

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Quoting Ian Copsey

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{quote} That's a nice idea and I'll try and support you guys. I would like to continue on this thread a little more as we're mid-count in the Euro and would like to see this through to demonstrate HEW to the others for their consideration. (It's mentally good!)

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Quoting Ian Copsey

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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...

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Quoting RobDil

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When I begun trading I went over Elliott Wave principle only to make an Idiot out of myself using it for a few trades....

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Quoting Ian Copsey

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{quote} As an update so far... We now need a Wave b and then Wave c higher to reach either the 223.6% or 238.2% projection in Wave [iii] at 1.3661 or 1.3684. This should be followed by a Wave [iv]. {image}

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Quoting ovidiu_gnt

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{quote} OK Ian, these waves will come and the move can be between 1.3621 and 1.3711 , but it will be outdated value 1.3647 ?

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Quoting Ian Copsey

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{quote} 1.3645 is no longer relevant. The 13621 high was the (green) Wave iii. The maximum this Wave v could be is the 76.4% projection at 1.3694 but that doesn't match a Wave [iii] projection target - thus it's a choice between 1.3661 or 1.3684.

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Quoting ovidiu_gnt

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{quote} Remains to be seen . I'll explain after the end upward movement .

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Quoting davidsayli

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BE CAREFULL!!! USD/CHF H4 CHART We may see sudden rise to the north. {image}

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Quoting Ian Copsey

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{quote} 1.3645 is no longer relevant. The 13621 high was the (green) Wave iii. The maximum this Wave v could be is the 76.4% projection at 1.3694 but that doesn't match a Wave [iii] projection target - thus it's a choice between 1.3661 or 1.3684.

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Quoting Ian Copsey

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{quote} There is one "stretchy" way it could get to 1.3711 - well, the 261.8% projection in Wave [iii] at 1.3720 but that will require even above the 85.4% projection in Wave v although that would be at 1.3714. These 85.4% are not commonly seen. Actually, one other point to note is that USDCHF has a very limited downside so the chance EURUSD will get above 1.3684 is very low... I reckon 1.3661 may well be the limit.

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Quoting ovidiu_gnt

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{quote} We use different methods and it is normal to be different values​​. This wave started at 1.3523 is a zig-zag, which we have completed wave-a and possibly wave-b, wave-c can be between 61.8% and 161.8% of the wave-a . If the value of 1.3547 is exceeded, following the withdrawal will not reach 1.3998.

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Quoting ovidiu_gnt

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{quote} Oops ! Is not zig-zag .

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Quoting iwavetrade

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These bulls are really trying hard to keep USDJpy from falling. I'm looking at a wave C or wave 3 down.

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Quoting HappyMe

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{quote} Today it's a roller coaster....

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