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Elliott Wave Trading

  • #7,001
  • Sep 19, 2014 10:54am Sep 19, 2014 10:54am
Quoting habibrk
{quote} Shouldn't the fifth wave of c, (c), -b- and EFA finishing between 16:00 and 18:00 must be at least 50% ...
No, that's something I've found out over the years I have been using HEW. I hate those stubby Wave v's... Most are around 50% or more. The U.S. Indices love mini Wave v's...
No I haven't got the wave structure wrong! I've corrected it!
  • #7,002
  • Sep 19, 2014 12:17pm Sep 19, 2014 12:17pm
I think USDJPY is poised for another major assault to the upside, haven't work out if this is the final yet, but big.

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Elliott Wave for optimum entry, exit and risk management of trades
  • #7,003
  • Sep 19, 2014 12:57pm Sep 19, 2014 12:57pm
Quoting Ian Copsey
{quote} It has a range and will need to be judged when Wave -c- develops. However, broadly the 1.2744-75 area is my favoured target... However a deeper one is around 1.2708.
I like that. My TP is at 1.2715 just in case of a deeper one. Trade for 4 years using HEW and love it. Thanks Ian.
  • #7,004
  • Sep 19, 2014 4:21pm Sep 19, 2014 4:21pm
Quoting Ian Copsey
{quote} No, that's something I've found out over the years I have been using HEW. I hate those stubby Wave v's... Most are around 50% or more. The U.S. Indices love mini Wave v's...
OUCH !
What page of the book will I find reference to that little gem. Have you got any more of these hidden anywhere ?
  • #7,005
  • Sep 19, 2014 5:21pm Sep 19, 2014 5:21pm
Quoting 4xpol
{quote} I like that. My TP is at 1.2715 just in case of a deeper one. Trade for 4 years using HEW and love it. Thanks Ian.
Not impossible but given the comments about how Wave v can be stubby best be aware. The 1.2775 target is the 38.2% projection in Wave -v-, the 41.4% at 1.2757. The 1.2708 being the 50% However, ever since the 1.3993 high the natural target has been the span of the prior Wave (b) low ... (within the ABC of Wave ^E) which was at... 1.2744... It normally holds - but best be aware of minor breaches. That's why I was saying that we'll have to judge this last leg as it develops.

As far as I can see - and sometimes being TOO detailed in the 5-min chart can hit back at you - I think we're at the end of a triple three from the 1.2930 high which means an expanded flat which will be useful as it'll sort out the momentum side of the picture...

Delighted you like HEW. I love it. As I said to skyhok, I didn't invent it. I happened upon it by chance - or more frustration - and I am constantly genuinely amazed at how these ratios are consistent over all time frames and when I demonstrate alternation across the wave degrees to people, their jaws gape at the combination of these two features. That's not me "inventing it" ... it's just what naturally happens!
No I haven't got the wave structure wrong! I've corrected it!
  • #7,006
  • Sep 19, 2014 5:24pm Sep 19, 2014 5:24pm
Quoting Aspire
{quote} OUCH ! What page of the book will I find reference to that little gem. Have you got any more of these hidden anywhere ?
There's a few more I've learned as I've used it. I'm in the process of writing book 3 - just getting in touch with the publisher now. I'm adding these (few) additional tips to the book. If you've ever seen my first book "Integrated Technical Analysis" it's a bit like that but with a stronger set of indicators, obviously HEW updated and hopefully some helpful guiding tips...
No I haven't got the wave structure wrong! I've corrected it!
  • #7,007
  • Edited 12:35am Sep 20, 2014 12:06am | Edited 12:35am
Hm......mm as I understand the name of this thread "Elliott Wave Trading" is about applying EW in trading ( for better entry, exit and management of trades), now becomes "Why HEW is better than EW", and strangely the HEW thread is not that busy at all? A take over bid in progress? Well, that's not my concern.

Sadly, I find nothing much about trading that I can learn and/or contribute here.
But luckily I have learned and developed more than enough EW skills for my trading.

All the best to your trading!
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,008
  • Sep 20, 2014 2:13am Sep 20, 2014 2:13am
Quoting skyhok
Hm......mm as I understand the name of this thread "Elliott Wave Trading" is about applying EW in trading ( for better entry, exit and management of trades), now becomes "Why HEW is better than EW", and strangely the HEW thread is not that busy at all? A take over bid in progress? Well, that's not my concern. Sadly, I find nothing much about trading that I can learn and/or contribute here. But luckily I have learned and developed more than enough EW skills for my trading. All the best to your trading!
skyhok

Just to clarify, are you saying that you're allowed to use traditional EW, New EW and NeoWave but want to ban HEW?
No I haven't got the wave structure wrong! I've corrected it!
  • #7,009
  • Sep 20, 2014 3:43am Sep 20, 2014 3:43am
Quoting Ian Copsey
{quote} skyhok Just to clarify, are you saying that you're allowed to use traditional EW, New EW and NeoWave but want to ban HEW?



Nothing to add, Ian


My advise:

a) for each version of EW an own thread, and then keep the threads "clear"

b) at least when cross-posting in other EW threads say, which method you are using

c) no ranting/advertising which EW version is the better one -- I have no problems to show the shortcomings of all the methods (I am in this business long enough)

d) when interested in EW-challange over the better/best EW method, we also can open such a thread and keep it academic


But there is no sense in discussing specific counts when some people talk EW, other HEW,other Neely, or whatsoever.

Each EW can work on its own when you stick to the rules and guidelines of your EW version. That means, you probably know when you are wrong, and the money management can keep care of that.

But when you mix all up, you and your account will end in disaster.

Just to say........
  • #7,010
  • Sep 20, 2014 8:02am Sep 20, 2014 8:02am
I am a beginner in HEW, need expert's advice on this count ...
Thanks in advance ...
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  • #7,011
  • Edited 3:20pm Sep 20, 2014 9:03am | Edited 3:20pm
Quoting 4xpol
{quote} I like that. My TP is at 1.2715 just in case of a deeper one. Trade for 4 years using HEW and love it. Thanks Ian.
HEW is not a religion for me, just an indicator that I use together with BBs, CCI............ I even have alternative EW count where 1.3502 is wave one just in case Big Boys do not use HEW. All this indicators make me think that 1.2715-45 is a good area for a bounce. Lets see.
  • #7,012
  • Edited 1:14pm Sep 20, 2014 1:04pm | Edited 1:14pm
After digging 1 minute TF movements this is the final count i reached with some headache.

My favorite place for Wave (iii) is 1.2786/8 which is 423.8% extension of Wave (i) and 109.02% extension of Wave (a). I favor this because it is 1H TF 3/8 Murrey Math level which fit well with fibo extensions. Wave (iv) should be shallow because Wave (ii) was very deep and Wave (b) of Wave (iii) is not very deep or shallow. Wave (iv) may be 14.4%(1.2808) or 23.8% (1.2821) if Wave (iii) form where i said. Allow 33.3% (1.2835), maximum 38.2% (1.2841)

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  • #7,013
  • Sep 20, 2014 2:58pm Sep 20, 2014 2:58pm
Quoting Ian Copsey
{quote} skyhok Just to clarify, are you saying that you're allowed to use traditional EW, New EW and NeoWave but want to ban HEW?
You are very very welcome Ian and HEW, in fact there are quite a few things I like to discuss with you or if you like, get your opinion, may be it is not ready until emotions settle down and look at things objectively.
I have always stop short of criticizing or challenge any EW methods that I don't know of, simply I don't know enough about it to warrant criticism or even make comparison, and I hope you do too.
On the other hand I know more than one EW method that I find them complimentary to each other on application in trading. It probably confuse others when I use different methods and post, that they think I have broke rules or make up guidelines that they don't know of. So I'll stay away from posting here from now until something sorted out.
Cheers.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,014
  • Sep 20, 2014 6:10pm Sep 20, 2014 6:10pm
Quoting skyhok
{quote} You are very very welcome Ian and HEW, in fact there are quite a few things I like to discuss with you or if you like, get your opinion, may be it is not ready until emotions settle down and look at things objectively. I have always stop short of criticizing or challenge any EW methods that I don't know of, simply I don't know enough about it to warrant criticism or even make comparison, and I hope you do too. On the other hand I know more than one EW method that I find them complimentary to each other on application in trading. It probably...
skyhok

As far as I know, I have only questioned - maybe challenged is another word - but only because I couldn't understand how some features of the (IIRC) New EW that has these running corrections which I had never seen so prolifically in counts before and I wanted to know whether it could be forecast with ratios. (I have no idea of what New EW was.) I merely posted an example of one of the counts you made in EURUSD to show how HEW handled it and could therefore be forecast. If you took offence, then I apologise. I just feel that the NEW EW guy has obviously seen that waves go off the track in traditional EW and tacked on this running correction idea. But it's down to the 3-wave structure. As far as I can see Neely has done the same in his own way - but with a 3-wave structure but I don't think he's worked out the deep/shallow Wave b of 3 issue.
No I haven't got the wave structure wrong! I've corrected it!
  • #7,015
  • Sep 20, 2014 6:11pm Sep 20, 2014 6:11pm
Quoting 4xpol
{quote} HEW is not a religion for me, just an indicator that I use together with BBs, CCI............ I even have alternative EW count where 1.3502 is wave one just in case Big Boys do not use HEW. All this indicators make me think that 1.2715-45 is a good area for a bounce. Lets see.
Exactly the way it should be taken...
No I haven't got the wave structure wrong! I've corrected it!
  • #7,016
  • Sep 20, 2014 6:16pm Sep 20, 2014 6:16pm
Quoting habibrk
I am a beginner in HEW, need expert's advice on this count ... Thanks in advance ... {image}
This is what I have. However, it's a complicated structure. I'm still not 100% comfortable with the first ABC in particular. Use of indicators and patterns will be important in establishing this count as correct. One point I'd also like to point out is the chart of the correction to 1.2930 that appears to be a 3-wave move which raises the risk of a complex. I've attempted to try and make an impulsive move but cannot. However, every 5-wave move I have provided (with the question mark over the first two) has excellent ratios.
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No I haven't got the wave structure wrong! I've corrected it!
  • #7,017
  • Sep 21, 2014 3:41pm Sep 21, 2014 3:41pm
Quoting Ian Copsey
{quote} This is what I have. However, it's a complicated structure. I'm still not 100% comfortable with the first ABC in particular. Use of indicators and patterns will be important in establishing this count as correct. One point I'd also like to point out is the chart of the correction to 1.2930 that appears to be a 3-wave move which raises the risk of a complex. I've attempted to try and make an impulsive move but cannot. However, every 5-wave move I have provided (with the question mark over the first two) has excellent ratios. {image}
I think the same as infinitus.

So if your system works where do you want to go long. i mean a exactly entry level or your turning level.
  • #7,018
  • Sep 21, 2014 3:53pm Sep 21, 2014 3:53pm
Some people post here nonsense and nothing about the old school Elliott Waves Rules.

If you have your own rules to count you should open your own thread with your own rules.

1. Member Ud1nh0 destroyed the whole Threads about EW-Trading with spaming with nonsense posts and nothing about Elliott Wave rules

2. Missing some OLD counter like

Flynchenberg
SlyQfx
The Cableguy
Luis Carlos
magadam

etc

Schickeria
  • #7,019
  • Sep 21, 2014 4:52pm Sep 21, 2014 4:52pm
Quoting Schickeria
{quote} I think the same as infinitus. So if your system works where do you want to go long. i mean a exactly entry level or your turning level.
Please read an earlier post in which I have defined the range. For a Wave -v- there is no such thing as an "exact" target.
No I haven't got the wave structure wrong! I've corrected it!
  • #7,020
  • Sep 21, 2014 5:05pm Sep 21, 2014 5:05pm
Quoting Ian Copsey
{quote} This is what I have. However, it's a complicated structure. I'm still not 100% comfortable with the first ABC in particular. Use of indicators and patterns will be important in establishing this count as correct. One point I'd also like to point out is the chart of the correction to 1.2930 that appears to be a 3-wave move which raises the risk of a complex. I've attempted to try and make an impulsive move but cannot. However, every 5-wave move I have provided (with the question mark over the first two) has excellent ratios. {image}
It's looking like the 1.2810-25 area will support for a reversal back to 1.2930-40 and will need to be in 5-waves.

Below 1.2800 will imply the Wave -v- target estimates mentioned earlier.
No I haven't got the wave structure wrong! I've corrected it!
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