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Elliott Wave Trading

  • #6,501
  • Dec 30, 2013 12:33pm Dec 30, 2013 12:33pm
take a look at the first chart and see how i label wave count.. also check how i plot white fibo all are wave ( 1 ) wave ( 2 ) moved dawn to 61.8 as you can see.. wave ( 3 ) resume from there till 1.379x you can check next chart and see.
bakare
  • #6,502
  • Dec 30, 2013 1:45pm Dec 30, 2013 1:45pm
this is a new update and lets see how it will move.....................
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bakare
  • #6,503
  • Dec 30, 2013 2:20pm Dec 30, 2013 2:20pm
If this count true we came to the end of the rally and look for top around 1.6695 - 1.6700

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  • #6,504
  • Dec 30, 2013 3:27pm Dec 30, 2013 3:27pm
Quoting adexadams
take a look at the first chart and see how i label wave count.. also check how i plot white fibo all are wave ( 1 ) wave ( 2 ) moved dawn to 61.8 as you can see.. wave ( 3 ) resume from there till 1.379x you can check next chart and see.
I did look at the labelling... that's why I asked the question. It's not logical or valid!

Take a look at page 310 onwards... It'll give you an idea on the real count...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,505
  • Dec 31, 2013 9:59am Dec 31, 2013 9:59am
Happy New Year everyone !
  • #6,506
  • Dec 31, 2013 12:28pm Dec 31, 2013 12:28pm
Quoting Almondeyed
{quote} Just an analyses of the current picture... I have no intention to defy mr. market.... Any case going over 1.3750 would kill this count...
would you share why u pick 1.3750 is invalidation point?
i see more than 3 EW people using/ seeing this number as important point past week. but i do not see any particular EW reason in this number.
one person on euro analysis thread by piptrapper, one in eur/usd thread by snprr, one in this thread.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,507
  • Dec 31, 2013 5:43pm Dec 31, 2013 5:43pm
Quoting ud1nh0
{quote} would you share why u pick 1.3750 is invalidation point? i see more than 3 EW people using/ seeing this number as important point past week. but i do not see any particular EW reason in this number. one person on euro analysis thread by piptrapper, one in eur/usd thread by snprr, one in this thread.

It might be mentioned by different traders because it was a resistance zone.

Why i called is simple because i was looking for Wave (b) of Wave (iii) which cannot go beyond Wave (ii) where Wave (ii) was around 1.3750 at that time
  • #6,508
  • Jan 1, 2014 6:44am Jan 1, 2014 6:44am
EUR/USD

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  • #6,509
  • Jan 3, 2014 1:12am Jan 3, 2014 1:12am
hi Ian!.... a theoretical question:
the efb wave is possible to go over 150% of wave a?
and the second ...i try to apply the rule " 2 stages of the pattern confirmation"(neely rule) is working quite good for lower time frame in wave a and c , for bigger time frame... i hate the b wave!!! .....the problem is ...how you know when the pattern is finished?

and HAPPY NEW YEAR FOR ALL!!!

sorry for my english .......
  • #6,510
  • Jan 3, 2014 2:22am Jan 3, 2014 2:22am
Quoting corcodel
hi Ian!.... a theoretical question: the efb wave is possible to go over 150% of wave a? and the second ...i try to apply the rule " 2 stages of the pattern confirmation"(neely rule) is working quite good for lower time frame in wave a and c , for bigger time frame... i hate the b wave!!! .....the problem is ...how you know when the pattern is finished? and HAPPY NEW YEAR FOR ALL!!! sorry for my english .......
Hi Corcodel

Wave efb... normally up to 38.2%. While I don't keep stats on it I'd say anything above 38.2% is less than 5%-10% on the majors. Where I do see stronger expansions it's in the lower liquidity pairs - the crosses, Aussie etc. I also see it more in equities. However, not above 50%...

Wave B? It's the wild card of the pack... How can you know when it's finished? Depends on the time frame. If it's a daily Wave B then hopefully it's possible to follow the corrective pattern - maybe double ZZ or triple three. If it's in the 5 minute level ... really tough to judge... If in a Wave b of Wave iii then normally the max is 76.4% - 85.4% although I have seen 90% on rare occasions.

May 2014 be a Harmonic one!
No I haven't got the wave structure wrong! I've corrected it!
  • #6,511
  • Jan 3, 2014 6:41am Jan 3, 2014 6:41am
eur usd
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  • #6,512
  • Jan 5, 2014 9:03pm Jan 5, 2014 9:03pm
Been waiting for EURUSD for what seems like years now. Let's play ball this month!
  • #6,513
  • Jan 6, 2014 2:57am Jan 6, 2014 2:57am
Quoting iwavetrade
Been waiting for EURUSD for what seems like years now. Let's play ball this month!
Patience! It'll come.
This year is going to see some humdingers of moves I think... Forex and equities...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,514
  • Jan 6, 2014 1:51pm Jan 6, 2014 1:51pm
fifth wave done hypotesis.
reason :
-theres no -c- that move 2.618 of -a- (source wikipedia max 200)
- it become 1 simple segment
- no kiss 1.361x before break high
- 3 wave move complete. with 1.3710 inside the third stroke down

if this price break high 1.3890 or 1.3832 then its mean the hypotesis is invalidated.
upward move beyond 38.2 become impulse 1. upward move lower 50 become correction.
maybe..
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14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,515
  • Jan 6, 2014 9:56pm Jan 6, 2014 9:56pm
Quoting ud1nh0
fifth wave done hypotesis. reason : -theres no -c- that move 2.618 of -a- (source wikipedia max 200) - it become 1 simple segment - no kiss 1.361x before break high - 3 wave move complete. with 1.3710 inside the third stroke down if this price break high 1.3890 or 1.3832 then its mean the hypotesis is invalidated. upward move beyond 38.2 become impulse 1. upward move lower 50 become correction. maybe.. {image}
I've seen plenty of Wave -c-'s that are 261.8%! Don't know who updates Wiki but that's total bull poo...
No I haven't got the wave structure wrong! I've corrected it!
  • #6,516
  • Jan 7, 2014 1:33am Jan 7, 2014 1:33am
Quoting Ian Copsey
{quote} I've seen plenty of Wave -c-'s that are 261.8%! Don't know who updates Wiki but that's total bull poo...
i have updated the count on the last minute.
yes ian, that depends on how we label the wave. i am testing rules. basic still same at first page. the rules is not proven yet.

btw i see this as 5-3- now. expecting to fill gap in chart before further move
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14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,517
  • Jan 7, 2014 2:10am Jan 7, 2014 2:10am
Quoting ud1nh0
{quote} i have updated the count on the last minute. yes ian, that depends on how we label the wave. i am testing rules. basic still same at first page. the rules is not proven yet. btw i see this as 5-3- now. expecting to fill gap in chart before further move {image} {image}
There are only 3 rules in Elliott Wave (which is why it is abused so much - along with Prechter's add-ons that complicate things further because he's not an analyst by nature) and the length of Wave C is not one of the rules.
No I haven't got the wave structure wrong! I've corrected it!
  • #6,518
  • Jan 7, 2014 2:33am Jan 7, 2014 2:33am
Quoting Ian Copsey
{quote} There are only 3 rules in Elliott Wave (which is why it is abused so much - along with Prechter's add-ons that complicate things further because he's not an analyst by nature) and the length of Wave C is not one of the rules.

so RN Elliott did not decide a single rule about wave -a- -b- -c- ?
that 3 wave move countertrend is the rule rite?
-c- always 5 wave countertrend.
-b- always 3 wave same trend as motive.
-a- for me still undecided.
if 1 = (a-b-c)2 = 3 = (-a-b-c)4 = 5 in a -c- wave
how can we differentiate it with impulsive movement before next move start after current -c- ends?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,519
  • Jan 7, 2014 2:47am Jan 7, 2014 2:47am
Quoting ud1nh0
{quote} so RN Elliott did not decide a single rule about wave -a- -b- -c- ? that 3 wave move countertrend is the rule rite? -c- always 5 wave countertrend. -b- always 3 wave same trend as motive. -a- for me still undecided. if 1 = (a-b-c)2 = 3 = (-a-b-c)4 = 5 in a -c- wave how can we differentiate it with impulsive movement before next move start after current -c- ends?

when will you start reading a FIRST book about EW, so that we all in the different EW threads are in no need to explain the very basics?

Just curious......
  • #6,520
  • Jan 7, 2014 2:53am Jan 7, 2014 2:53am
Quoting ud1nh0
{quote} so RN Elliott did not decide a single rule about wave -a- -b- -c- ? that 3 wave move countertrend is the rule rite? -c- always 5 wave countertrend. -b- always 3 wave same trend as motive. -a- for me still undecided. if 1 = (a-b-c)2 = 3 = (-a-b-c)4 = 5 in a -c- wave how can we differentiate it with impulsive movement before next move start after current -c- ends?
R.N.'s rule were:
Wave 2 will never retrace beyond the start of Wave 1
Wave 3 will never be the shortest of Waves 1, 3 & 5
The extremes of Wave 1 and Wave 4 will never overlap

Wave a and Wave c are 5-wave moves - and the rules relate to those also. (Wave a excepting if it's in a complex... and I hate the plain Wave a labeling - it should be labeled better as Wave FA or Wave EFA or Wave ^A to make it clear IMO.)

"if 1 = (a-b-c)2 = 3 = (-a-b-c)4 = 5 in a -c- wave how can we differentiate it with impulsive movement before next move start after current -c- ends?"

What does that question mean?
No I haven't got the wave structure wrong! I've corrected it!
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