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Elliott Wave Trading

  • #7,021
  • Sep 21, 2014 7:23pm Sep 21, 2014 7:23pm
Quoting skyhok
I do have a view on EURCAD that I've been posting in the EURCAD thread and keeping both eyes on it. {image} Using Traditional EW guideline that an impulse wave with an extended 5th wave will be retraced by the next wave of the same degree to the travel of wave (ii) of the extended wave. ( The Major Works of R.N. Elliott p.136 ) {image} Now zeroing-in on the narrow target zone with it's final wave down. safe setup : a buy stop above present price level. bold setup : buy limit in target zone. or both with half lot. Wish me luck!
Before I take a break from this thread.............................Three cheers to R.N. ELLIOTT, he's always been at work in the traditional way. This is not the first time this type of setup worked and I'm expecting more to come in other pairs in coming weeks. This one just bounced off 1 point from the bottom of the expected target zone.
Now place SL under this low.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,022
  • Sep 21, 2014 8:31pm Sep 21, 2014 8:31pm
Quoting Ian Copsey
{quote} 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.
If this is going to work I was thinking of 1.2950-55 min.
  • #7,023
  • Sep 22, 2014 12:50am Sep 22, 2014 12:50am
Quoting 4xpol
{quote} If this is going to work I was thinking of 1.2950-55 min.
That wouldn't be a problem - I was looking at a 66.7% retracement in Wave -b- at 1.2941... but up to 1.2950-55 wouldn't break the bearish structure...
No I haven't got the wave structure wrong! I've corrected it!
  • #7,024
  • Sep 22, 2014 1:23am Sep 22, 2014 1:23am
USDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 78 KB


Valid as long as 1.0885 low is hold. In case price go lower, Head and Shoulders neckline would be broken and it will provoke a move to ~1.07 level.
  • #7,025
  • Sep 22, 2014 2:01am Sep 22, 2014 2:01am
Quoting gnomoneey
{quote} Schickeria, Luis Carlos went to the commercial side and stopped posting mostly as he has paid service for signals....sad but reality
forexfactory is going a wrong way with his high impact system. forexfactory has too much commercials - and they want only to sell his analyses to newbies. Commercials should not be able to post to the normal threads, posting should only be able in commercial threads. if ian is good at counting he would never sell his service to newbies ????

Luis Carlos is right on my view, why should he post charts here for nothing. if you counting charts you know how long you need to count. wave measurements need time with correct fibo retracements. some oldtimer like infinitus stopped posting here ew-counts, because he has no basis to discuss ew-counts, if everyone is counting his own way. And i think the same like infinitus.

Watching this chart from skyhok http://www.forexfactory.com/attachme...1&d=1411015218 (nothing against you - and i don't want disturb people who want to learn ew). Wave IV is never below wave III - and this is for me a nonsense count and has nothing to do with classic EW-Rules.
  • #7,026
  • Sep 22, 2014 2:18am Sep 22, 2014 2:18am
Quoting Ian Copsey
{quote} 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.
every wave structure has his own target point +/- 5 Pips on smaler timeframes. when you count ranges your count is always wrong.

as you can see my elliott target @ 1.28259 hit exactly and minimum retrace @ 1.2867 hit also on the pip exactly.
Attached Image (click to enlarge)
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  • #7,027
  • Sep 22, 2014 2:27am Sep 22, 2014 2:27am
Quoting Ian Copsey
{quote} That wouldn't be a problem - I was looking at a 66.7% retracement in Wave -b- at 1.2941... but up to 1.2950-55 wouldn't break the bearish structure...
so what is now ???

we hit now 1.2867 - you prediction 1.2855 as max target for bears

are we now bullish or bearish

what is next ?
  • #7,028
  • Sep 22, 2014 2:36am Sep 22, 2014 2:36am
Quoting Schickeria
{quote} so what is now ??? we hit now 1.2867 - you prediction 1.2855 as max target for bears are we now bullish or bearish what is next ?
Isn't it better approach simply share your analysis with underlying reasons and we learn something instead make it a competition to be preminent in something trifling.
  • #7,029
  • Sep 22, 2014 2:44am Sep 22, 2014 2:44am
Quoting Almondeyed
{quote} Isn't it better approach simply share your analysis with underlying reasons and we learn something instead make it a competition to be preminent in something trifling.
why should i post my analysis here ? on which basis do you want to discuss with me. classic elliott wave or what ?
  • #7,030
  • Sep 22, 2014 2:44am Sep 22, 2014 2:44am
Quoting Schickeria
{quote} so what is now ??? we hit now 1.2867 - you prediction 1.2855 as max target for bears are we now bullish or bearish what is next ?
You appear quite confused. I've not mentioned 1.2855.
I wrote above: "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."

I suggest you look at the chart at the top of this page and at the labelling.
No I haven't got the wave structure wrong! I've corrected it!
  • #7,031
  • Sep 22, 2014 3:44am Sep 22, 2014 3:44am
Has Mr Angry gone yet??!!

I don't like the recovery from 1.2825 and I've just noted an alternative that retains the count I have but within Wave -a- of Wave -iii-... The 1.2825 low was actually a 176.4% projection of the first ABC move lower from 1.2928. Therefore, we may have seen a Wave i, Wave ii and Wave iii. The more to 1.2867 is a 54% correction and could be counted as Wave iv. Thus, the Wave v could reach down to around the 1.2800-16 area (around 50%-66.7%) to form Wave -a-.

This would require a correction in Wave -b- ... and they are variable but I'd like to see 50%+ and then we'll have to judge the Wave -iii-. Depending on the depth of the Wave -b- we could expect the 423.6%-461.8% projection between 1.2771-84. Because Wave -ii- was 94% the correction becomes a bit hazy and could be as much as 38.2%-41.4%. This would tend to suggest the 1.2744-57 area - but still allow for the 1.2708 target I mentioned being the 50% projection in Wave -v-.

If this alternative is to happen we shouldn't see above/much above the 1.2867 high - already 54% - the 58.6% at 1.2871. So now we have the boundaries for bullish & bearish outcomes.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDAlternative_zpse17afd93.png Size: 186 KB
No I haven't got the wave structure wrong! I've corrected it!
  • #7,032
  • Sep 22, 2014 5:09am Sep 22, 2014 5:09am
Quoting Ian Copsey
Has Mr Angry gone yet??!! I don't like the recovery from 1.2825 and I've just noted an alternative that retains the count I have but within Wave -a- of Wave -iii-... The 1.2825 low was actually a 176.4% projection of the first ABC move lower from 1.2928. Therefore, we may have seen a Wave i, Wave ii and Wave iii. The more to 1.2867 is a 54% correction and could be counted as Wave iv. Thus, the Wave v could reach down to around the 1.2800-16 area (around 50%-66.7%) to form Wave -a-. This would require a correction in Wave -b- ... and they are variable...
Gentlemen do not rush, the correction is not completed and apparently have a contracting triangle, so the final wave that we expect all will be possible between 1.2783 at least and 1.2700 at most.
  • #7,033
  • Sep 22, 2014 11:39am Sep 22, 2014 11:39am
Gold:
Is 1207.90 wave -iii-???????????
  • #7,034
  • Sep 22, 2014 1:39pm Sep 22, 2014 1:39pm
Quoting Almondeyed
USDCAD {image} Valid as long as 1.0885 low is hold. In case price go lower, Head and Shoulders neckline would be broken and it will provoke a move to ~1.07 level.
Attached Image (click to enlarge)
Click to Enlarge Name: indir (1).png Size: 66 KB

After a modest correction around 1.1051/60, uptrend should continue
  • #7,035
  • Sep 22, 2014 10:34pm Sep 22, 2014 10:34pm
Eliot ware in GBP/USD
http://i1028.photobucket.com/albums/...ps836fec5a.png
  • #7,036
  • Sep 23, 2014 12:51am Sep 23, 2014 12:51am
Quoting Almondeyed
{quote} {image} After a modest correction around 1.1051/60, uptrend should continue
We are correcting down for the Wave b of Wave iii
Attached Image (click to enlarge)
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  • #7,037
  • Sep 23, 2014 2:14am Sep 23, 2014 2:14am
Hi all - Please find below a message from Ian Copsey.


Well, it seems Mr Angry has complained to the moderator and I cannot continue with the demonstration of the analysis in EURUSD. My apologies for that although you have the basic expectations for the rest of the move.

It is a shame. When I first came onto FF I was asked not to market my products and I have never done so, but provided information on HEW – which was to provide some guidance on how to use it and I know that many of you have. I have seen a few of you pick it up and see you have been able to benefit from it through your own study. I am pleased with that because I know it’s a great method – even if tough with the degree of detail. All I can say is, good luck to you all and hope HEW helps improve your profitability.

I’m sad I can’t interact with you any more. I’ve enjoyed my chats with you.

Cheers
Ian
  • #7,038
  • Sep 23, 2014 2:46am Sep 23, 2014 2:46am
Quoting giacatdu
Eliot ware in GBP/USD {image}
No chart in hand & so using yours for now.take care while in correction of whatever size/t frame .Good try see the market in parts .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #7,039
  • Sep 23, 2014 12:15pm Sep 23, 2014 12:15pm
Quoting ThinkForex_MS
Hi all - Please find below a message from Ian Copsey. Well, it seems Mr Angry has complained to the moderator and I cannot continue with the demonstration of the analysis in EURUSD. My apologies for that although you have the basic expectations for the rest of the move. It is a shame. When I first came onto FF I was asked not to market my products and I have never done so, but provided information on HEW – which was to provide some guidance on how to use it and I know that many of you have. I have seen a few of you pick it up and see you have been...

Bad

I hope he visit commercial content sometimes and tell there about HEW
  • #7,040
  • Sep 23, 2014 12:38pm Sep 23, 2014 12:38pm
Quoting Almondeyed
{quote} We are correcting down for the Wave b of Wave iii {image}
Update USD/CAD

We are close to complete the Wave -v- of Wave c of Wave iii. From here we will correct some down and go more up to complete Wave v.

Attached Image (click to enlarge)
Click to Enlarge Name: indir.png Size: 63 KB
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