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Elliott Wave Trading

  • #6,601
  • Jan 10, 2014 2:59pm Jan 10, 2014 2:59pm
Quoting ud1nh0
{quote} if it's tripple zz, why is the last one is overlapping?

oh, so that way to use fibo tool to measure waterfall effect..
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,602
  • Jan 10, 2014 3:04pm Jan 10, 2014 3:04pm
Quoting ud1nh0
{quote} if it's tripple zz, why is the last one is overlapping?

Who overlap with whom?

This is correction.. In EWT movements can be in two ways: Impulsive and corrective moves.
Corrective moves can be simple, complex or triangle... Simple corrections consist of impulsive A & C waves and corrective B waves.... But sometimes it can become some complex and more then one ABC will occur and we connect them with X Waves. In HEW the most complex correction you can see is ABC-X-ABC-X-ABC... This waves can overlap in any case, no clear rule.... However you categorize corrections with respect to its character like FLAT, Zig-Zag, Extended Flat, Triangle etc....and so on.... EWT 101
  • #6,603
  • Jan 10, 2014 3:09pm Jan 10, 2014 3:09pm
Quoting Almondeyed
{quote} Who overlap with whom? This is correction.. In EWT movements can be in two ways: Impulsive and corrective moves. Corrective moves can be simple, complex or triangle... Simple corrections consist of impulsive A & C waves and corrective B waves.... But sometimes it can become some complex and more then one ABC will occur and we connect them with X Waves. In HEW the most complex correction you can see is ABC-X-ABC-X-ABC... This waves can overlap in any case, no clear rule.... However you categorize corrections with respect to its character...

how can u decide where to put x? it's first move is flat...it can not be a waterfall effect since it last support is 200 ext of efa (neely book)
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,604
  • Jan 10, 2014 3:28pm Jan 10, 2014 3:28pm
Quoting Almondeyed
{quote} Who overlap with whom? This is correction.. In EWT movements can be in two ways: Impulsive and corrective moves. Corrective moves can be simple, complex or triangle... Simple corrections consist of impulsive A & C waves and corrective B waves.... But sometimes it can become some complex and more then one ABC will occur and we connect them with X Waves. In HEW the most complex correction you can see is ABC-X-ABC-X-ABC... This waves can overlap in any case, no clear rule.... However you categorize corrections with respect to its character...

check on 3832 top too...downward move, start like that, but it move more than 200 waiting big last 5 wave
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,605
  • Jan 10, 2014 3:33pm Jan 10, 2014 3:33pm
My thoughts on EURUSD:

We've definitely reached the 2nd ball sack of this correction. Expect a wave-3 sack skin to take us right down into the dark hole.

Can't go long here, all indications from size of movements points to short.
Attached Image (click to enlarge)
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  • #6,606
  • Jan 10, 2014 3:37pm Jan 10, 2014 3:37pm
Quoting iwavetrade
My thoughts on EURUSD: We've definitely reached the 2nd ball sack of this correction. Expect a wave-3 sack skin to take us right down into the dark hole. Can't go long here, all indications from size of movements points to short. {image}

hahaha nice chart
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,607
  • Jan 10, 2014 3:51pm Jan 10, 2014 3:51pm
check it out. not sure if its true
the use of expansion testing...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-corporation.png Size: 42 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,608
  • Jan 10, 2014 4:02pm Jan 10, 2014 4:02pm
Quoting ud1nh0
check it out. not sure if its true the use of expansion testing... {image}

don't forget to watch the previous wave iv area (cew counting). it may be this or the fibo 100 1.61 thing...market very mysterious
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,609
  • Jan 10, 2014 4:16pm Jan 10, 2014 4:16pm
Quoting ud1nh0
{quote} don't forget to watch the previous wave iv area (cew counting). it may be this or the fibo 100 1.61 thing...market very mysterious

as ian copsey said, the most important is to project the price of reversal....
as luis carlos said, the big deal in ew is to determine trend.

now i have 2 problem:
how can i project target before the x happen and after the x happen ?
did big correction always start with fa ?
so, how to identify reversal a.k.a trend change?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,610
  • Jan 10, 2014 4:34pm Jan 10, 2014 4:34pm
Quoting ud1nh0
{quote} how can u decide where to put x? it's first move is flat...it can not be a waterfall effect since it last support is 200 ext of efa (neely book)

if you have already count A-B-C after trend end it can be either A-B-C correction of Wave 1 of a larger degree impulsive wave. If after your A-B-C count larger degree impulsive structure does not continue and after an opposite direction move another A-B-C in same way with previous A-B-C which does not fit with Wave 3 measurement rules and does not invalidate higher degree impulsive structure then the movement connects two A-B-C should be labeled as Wave X... In practice it is not such easy as in theory, at least for me difficult
  • #6,611
  • Jan 10, 2014 5:12pm Jan 10, 2014 5:12pm
Quoting iwavetrade
My thoughts on EURUSD: We've definitely reached the 2nd ball sack of this correction. Expect a wave-3 sack skin to take us right down into the dark hole. Can't go long here, all indications from size of movements points to short. {image}


I think it should have been labeled ball - dickhead - ball
No I haven't got the wave structure wrong! I've corrected it!
  • #6,612
  • Jan 10, 2014 5:16pm Jan 10, 2014 5:16pm
Quoting Ian Copsey
{quote} I think it should have been labeled ball - dickhead - ball
My alternate count actually has the rally as a wart, with the real shaft to come. I expect this to blow to just below 1.4.

LOL OK I'M DONE.
  • #6,613
  • Jan 10, 2014 5:24pm Jan 10, 2014 5:24pm
Quoting ud1nh0
{quote} if it's tripple zz, why is the last one is overlapping?
If you read a book and look at corrective price activity you may just notice that corrections are normally extremely choppy & erratic - that's there nature. Corrections are when the market doesn't have a strong directional view - when market participants are in two minds. Overlap? Hell yeah... of course they do. When you're talking about overlap it is in the impulsive sequence when the extremes of 4 & 1 can't overlap.

On forecasting the correction end...
It depends what position it's in. Wave (iv) are 90% easy because of alternation.
Wave (ii) can be anything from 5.6% to 100% so you need to constantly watch how the structure develops - like the triple three you have been so confused about.
Wave (b) - depends on the position. In a Wave (i) it's like Wave (ii) - anything from 5.6% to 100%
Wave (b) in Wave (iii) - depends on the larger wave degree position.
- in outright impulsive moves they'll be between 14.6% and 58.6%
- in a corrective structure they can move as deep as 85.4% or 90%
Wave (b) in Wave (v) can be between 14.6% and 94.4%

All the corrections should be viewed in relation to the wave they are correcting and how the development is going .

You cannot forecast without a consistent ratio structure.
No I haven't got the wave structure wrong! I've corrected it!
  • #6,614
  • Jan 10, 2014 5:29pm Jan 10, 2014 5:29pm
Quoting ovidiu_gnt
{quote} It's possible in a running variation ( at least theoretically ) .

no, simply no

I mean: I did not make the rules

when the C-wave of the triangle is the shortest, it is simply no triangle
  • #6,615
  • Jan 10, 2014 5:37pm Jan 10, 2014 5:37pm
Quoting ud1nh0
{quote} no this is not ian's. it's marc rinehart's advanced get from esignal

from a traditional EW approach and looking on what Swannell found wave 3 /wave 1 relationship is most of the time around 75% to 200%, but can easily extend much more
  • #6,616
  • Jan 10, 2014 5:52pm Jan 10, 2014 5:52pm
Quoting iwavetrade
{quote} My alternate count actually has the rally as a wart, with the real shaft to come. I expect this to blow to just below 1.4. LOL OK I'M DONE.

1.3744 or 1.3860 around that is i plan to cutloss my long before new year
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,617
  • Jan 10, 2014 5:54pm Jan 10, 2014 5:54pm
Quoting ud1nh0
{quote} no this is not ian's. it's marc rinehart's advanced get from esignal

when I remember correctly, even Neely wrote something about it, maybe in the chapter about "Double Flats"
  • #6,618
  • Jan 10, 2014 6:07pm Jan 10, 2014 6:07pm
Quoting Ian Copsey
Here is my count in that correction if it's of any interest... {image}

from wave-psychological aspect the third ABC in your count makes not much sense.

A triple ABC has the assignment to "waste time", but the third ABC in your count is only a mere blip in time

What do you think?
  • #6,619
  • Jan 10, 2014 6:10pm Jan 10, 2014 6:10pm
Quoting Ian Copsey
{quote} If you read a book and look at corrective price activity you may just notice that corrections are normally extremely choppy & erratic - that's there nature. Corrections are when the market doesn't have a strong directional view - when market participants are in two minds. Overlap? Hell yeah... of course they do. When you're talking about overlap it is in the impulsive sequence when the extremes of 4 & 1 can't overlap. On forecasting the correction end... It depends what position it's in. Wave (iv) are 90% easy because of alternation. Wave...

this hew count measuring rite? per abc is 1 wave?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,620
  • Jan 10, 2014 6:23pm Jan 10, 2014 6:23pm
Quoting infinitus
{quote} from wave-psychological aspect the third ABC in your count makes not much sense. A triple ABC has the assignment to "waste time", but the third ABC in your count is only a mere blip in time What do you think?
"A triple ABC has the assignment to "waste time"
Not logical.

It depends on what is being corrected. If you had a shallow simple Wave (ii) but had a long Wave -b- in the middle then you'd expect a complex Wave (iv) that could be a triple three.

This was a Wave [ b ] of Wave [iii] correction. I know of no rule or even guideline that suggests how triple three corrections should develop (except in Wave 2 / 4). Their predominant reason for being is correcting a move.

I think the psychological explanation is that we have come to believe triple threes must be long and horrid... I work with ratios and there's no other way I could count that within limitations of the Wave a / c impulsive ratios...
No I haven't got the wave structure wrong! I've corrected it!
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