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Elliott Wave Trading

  • #6,701
  • Feb 12, 2014 12:19am Feb 12, 2014 12:19am
EURCAD H6
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THERE IS NO SYSTEM
  • #6,702
  • Feb 12, 2014 12:25am Feb 12, 2014 12:25am
CADCHFH8
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THERE IS NO SYSTEM
  • #6,703
  • Feb 18, 2014 4:56am Feb 18, 2014 4:56am
What do you think about this count ?
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  • #6,704
  • Feb 24, 2014 8:21am Feb 24, 2014 8:21am
Quoting SLforex
What do you think about this count ? {image}
the abc is ok for me
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,705
  • Feb 24, 2014 8:22am Feb 24, 2014 8:22am
can a flat become motive wave?
did motive exist?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #6,706
  • Mar 3, 2014 5:51am Mar 3, 2014 5:51am
still in bullish trend
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Price Action Trading
  • #6,707
  • Mar 8, 2014 4:46am Mar 8, 2014 4:46am
I am new on this thread, and enjoyed reading lots of EW counts and alternate counts....Great forum.
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,708
  • Mar 15, 2014 11:33pm Mar 15, 2014 11:33pm
eur usd
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  • #6,709
  • Mar 25, 2014 4:47am Mar 25, 2014 4:47am
HARMONIC ELLIOTT WAVE PRESENTATION

I shall be making a presentation of Harmonic Elliott Wave tomorrow at 10AM GMT. It is being held by Forex Magnates and organised by FXStreet. It will outline the deficiencies in R.N.'s impulsive structure and how the modification eliminates extended waves, diagonal triangles and failed fifths along with a matrix of ratios that enable some pretty accurate forecasts. The structures provides greater discipline and reduces the "art" side to a more logical, disciplined approach.

You can register on: http://www.itraderexpo.com/register?...gn=iTraderExpo
No I haven't got the wave structure wrong! I've corrected it!
  • #6,710
  • Edited 9:28am Mar 25, 2014 8:59am | Edited 9:28am
Quoting Ian Copsey
HARMONIC ELLIOTT WAVE PRESENTATION I shall be making a presentation of Harmonic Elliott Wave tomorrow at 10AM GMT. It is being held by Forex Magnates and organised by FXStreet. It will outline the deficiencies in R.N.'s impulsive structure and how the modification eliminates extended waves, diagonal triangles and failed fifths along with a matrix of ratios that enable some pretty accurate forecasts. The structures provides greater discipline and reduces the "art" side to a more logical, disciplined approach. You can register on: http://www.itraderexpo.com/register?...gn=iTraderExpo...
this is the problem I face with webinars. Timing. I will be at work at that time. I love the traditional EW and would like to know how it can be improved. Would you be posting a link to the recording?


Olu
If you think you can or cannot do it you are correct
  • #6,711
  • Mar 25, 2014 9:35am Mar 25, 2014 9:35am
EUR/USD

Daily chart - here the chart shows an 'e' leg of a 5-year triangle, in a zig-zag form. Sorry forgot to put a big 'A' after the end the first 5-wave impulse, and a large 'B' after the subsequent ABC. We are currently in the fifth wave of the larger 'C'.

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Next zooming in on this fifth leg on the 4h chart. I have it as an expanding leading diagonal, meaning we are in wave 1 of this fifth, of a larger 'C', of the 'e' leg of a 5-year triangle. We are about to start the fifth leg of the leading diagonal.

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It'll be alright on the night
  • #6,712
  • Mar 25, 2014 10:26am Mar 25, 2014 10:26am
Quoting Gaviscon3
EUR/USD Daily chart - here the chart shows an 'e' leg of a 5-year triangle, in a zig-zag form. Sorry forgot to put a big 'A' after the end the first 5-wave impulse, and a large 'B' after the subsequent ABC. We are currently in the fifth wave of the larger 'C'. {image} Next zooming in on this fifth leg on the 4h chart. I have it as an expanding leading diagonal, meaning we are in wave 1 of this fifth, of a larger 'C', of the 'e' leg of a 5-year triangle. We are about to start the fifth leg of the leading diagonal. {image}
Or maybe ?
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  • #6,713
  • Mar 25, 2014 10:56am Mar 25, 2014 10:56am
Quoting Gaviscon3
EUR/USD Daily chart - here the chart shows an 'e' leg of a 5-year triangle, in a zig-zag form. Sorry forgot to put a big 'A' after the end the first 5-wave impulse, and a large 'B' after the subsequent ABC. We are currently in the fifth wave of the larger 'C'. {image} Next zooming in on this fifth leg on the 4h chart. I have it as an expanding leading diagonal, meaning we are in wave 1 of this fifth, of a larger 'C', of the 'e' leg of a 5-year triangle. We are about to start the fifth leg of the leading diagonal. {image}
Good to see some great EW charts on this forum. I have similar count to yours, only slightly different, but the
end result is the same : I believe we are in the 5th of a larger C of wave e ending a 5 year triangle, too.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #6,714
  • Mar 25, 2014 11:25am Mar 25, 2014 11:25am
Quoting skyhok
{quote} Good to see some great EW charts on this forum. I have similar count to yours, only slightly different, but the end result is the same : I believe we are in the 5th of a larger C of wave e ending a 5 year triangle, too. {image}
Nice one fella . Question tho - can an ending diagonal take an expanding shape?
It'll be alright on the night
  • #6,715
  • Mar 25, 2014 11:57am Mar 25, 2014 11:57am
Quoting Gaviscon3
{quote} Nice one fella . Question tho - can an ending diagonal take an expanding shape?
Thanks for your question - I went back to my text book and clear up something myself.
1. An ending diagonal occurs in the 5th wave of impulse or in the C wave
2. It can either be contracting or expanding (meaning the market is in uncertainty)
3. Also an ending diagonal will be retraced completely in very short time - about 25-50% taken by the ED.

All the best to your trading.
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,716
  • Mar 25, 2014 12:03pm Mar 25, 2014 12:03pm
Quoting skyhok
{quote} Thanks for your question - I went back to my text book and clear up something myself. 1. An ending diagonal occurs in the 5th wave of impulse or in the C wave 2. It can either be contracting or expanding (meaning the market is in uncertainty) 3. Also an ending diagonal will be retraced completely in very short time - about 25-50% taken by the ED. All the best to your trading.
Cool thanks for your response - what text book are you using? Here is an excerpt from the guys at Elliott Wave International:

"We have found one case in which the pattern's boundary lines diverged, creating an expanding wedge rather than a contracting one. However, it is unsatisfying analytically in that its third wave was the shortest actionary wave, the entire formation was larger than normal, and another interpretation was possible, if not attractive. For these reasons, we do not include it as a valid variation."
It'll be alright on the night
  • #6,717
  • Mar 25, 2014 12:28pm Mar 25, 2014 12:28pm
Quoting Gaviscon3
{quote} Cool thanks for your response - what text book are you using? Here is an excerpt from the guys at Elliott Wave International: "We have found one case in which the pattern's boundary lines diverged, creating an expanding wedge rather than a contracting one. However, it is unsatisfying analytically in that its third wave was the shortest actionary wave, the entire formation was larger than normal, and another interpretation was possible, if not attractive. For these reasons, we do not include it as a valid variation."
I am a bit shy in naming the text book, because there are different schools of well practiced Elliotticians, but sometimes with conflicting views, and between old and new schools. So bear with me that I am just using what I find useful and familiar :

It's Glenn Neely's Mastering Elliott Wave chapter 5-14

The present expanding ED of EURUSD looks fine.
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,718
  • Mar 25, 2014 12:33pm Mar 25, 2014 12:33pm
Quoting skyhok
{quote} I am a bit shy in naming the text book, because there are different schools of well practiced Elliotticians, but sometimes with conflicting views, and between old and new schools. So bear with me that I am just using what I find useful and familiar : It's Glenn Neely's Mastering Elliott Wave chapter 5-14 The present expanding ED of EURUSD looks fine.
That's my book of choice too.

Don't worry, there are HEW, Neowave (what you are), Classic, and Contemporary counters.

Actually most counters are just bad.

Going with Neely involves a little bit more knowledge of his new formations.

We are currently in a long term Diametric instead of a Triangle.
  • #6,719
  • Mar 25, 2014 12:45pm Mar 25, 2014 12:45pm
Quoting iwavetrade
{quote} That's my book of choice too. Don't worry, there are HEW, Neowave (what you are), Classic, and Contemporary counters. Actually most counters are just bad. Going with Neely involves a little bit more knowledge of his new formations. We are currently in a long term Diametric instead of a Triangle.
Thank you. Look forward to see more discussion in this forum. EW+Fibonacci my favorite indicators.
Elliott Wave for optimum entry, exit and risk management of trades
  • #6,720
  • Mar 25, 2014 12:55pm Mar 25, 2014 12:55pm
Quoting skyhok
{quote} Thank you. Look forward to see more discussion in this forum. EW+Fibonacci my favorite indicators.
Neely's book? Fantastic! I'm eager to read his as i hear he's taken elliott wave to the next level. In that case i completely accept. How do u find his work? Does it further precision, reducing alternative wave count scenarios? Same question to you itrader, if i can assume you are a neowavist. Only reason i haven't read it yet is i've heard he's working on a new book and would rather get the most updated version.
It'll be alright on the night
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