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Elliott Wave Trading

  • #7,101
  • Oct 26, 2014 7:12am Oct 26, 2014 7:12am
*********
(26OCT2014 SUN)
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The above chart is 30 minute chart for USD/CAD.
  • #7,102
  • Edited 8:25am Oct 26, 2014 7:41am | Edited 8:25am
USDJPY H4


I am not a specialist in the analysis of Elliot. But I approach trading purposes. The first books I read stated that the B wave could never be shorter in duration. Today I see a lot of analysis, where the above premise, and not respected, when labeled corrective waves.
Still, I wonder if the scenario that reflects my chart, is possible. If anyone can help me in this regard, I would appreciate it.
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These are two analyzes that have found anywhere.
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Donde hay Patron no manda Marinero
  • #7,103
  • Oct 26, 2014 7:53am Oct 26, 2014 7:53am
Quoting Almondeyed
{quote} No, i am looking for the end of Wave (A) of Wave (3) of Wave [A] of Wave [3] {image}
Correction from Wave (A) is more shallow then i expected but i still looking for a deeper correction down in USDCAD which will complete the last zigzag after second Wave [x]. By the way current development signals that the second wave [x] may be a triangle.... Let's see what will happen but for now no bet.. Later may be jump on short side.
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  • #7,104
  • Oct 27, 2014 11:30pm Oct 27, 2014 11:30pm
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(28OCT2014 MON)
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The above chart is 5 minute chart for NZD/USD.
  • #7,105
  • Nov 9, 2014 9:27am Nov 9, 2014 9:27am
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There is my crazy analysis for eu.
EU will get crazy down within 1-2 week?
guess below 1.1 maybe 1?
I hope to get receive any comment from anyone.
  • #7,106
  • Edited 4:10am Nov 10, 2014 2:32am | Edited 4:10am
Quoting paipai888
{image} There is my crazy analysis for eu. EU will get crazy down within 1-2 week? guess below 1.1 maybe 1? I hope to get receive any comment from anyone.
Is an opinion and maybe you're right, you just have to pay attention to the minimum of 1.2047 (will not be reached). FA is a flat with weak b-wave and elongated wave-c.
Where you noted the wave (2) for me is wave 4, wave 5 is extended. If 1.2237 will be reached and we have a mini correction will not reach 1.2500, perhaps my version is correct. Good luck!
  • #7,107
  • Nov 10, 2014 2:49pm Nov 10, 2014 2:49pm
It is not very difficult if you follow the rules of elliott waves. Things are only complicated if you make them.

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  • #7,108
  • Nov 11, 2014 1:04am Nov 11, 2014 1:04am
Quoting saqib
It is not very difficult if you follow the rules of elliott waves. Things are only complicated if you make them. {image}
Sorry saqib, but the wave-II don't respect the rule of time (wave-II must be longer than wave-I - is not extended).
  • #7,109
  • Nov 11, 2014 1:24am Nov 11, 2014 1:24am
Quoting ovidiu_gnt
{quote} Sorry saqib, but the wave-II don't respect the rule of time (wave-II must be longer than wave-I - is not extended).
Ovidiu gnt,

hhmmm... rule of time !!!
very interesting... if one could predict the time of price move... everyone would be a millionaire.

Let the waves develop... it is not that complicated.
  • #7,110
  • Nov 11, 2014 1:32am Nov 11, 2014 1:32am
Quoting saqib
{quote} Ovidiu gnt, hhmmm... rule of time !!! very interesting... if one could predict the time of price move... everyone would be a millionaire. Let the waves develop... it is not that complicated.
Is just a rule (but is very important and very much don't respect it), don't predict when (I say "must be longer", not what time).
  • #7,111
  • Nov 11, 2014 1:38am Nov 11, 2014 1:38am
Quoting ovidiu_gnt
{quote} Is just a rule (but is very important and very much don't respect it), don't predict when (I say "must be longer", not what time).
list the rules... from where you read it.. ( the book, website etc )
+ share your understanding of the time rule on elliott wave theory with example.
  • #7,112
  • Nov 11, 2014 2:18pm Nov 11, 2014 2:18pm
Quoting saqib
{quote} list the rules... from where you read it.. ( the book, website etc ) + share your understanding of the time rule on elliott wave theory with example.
Let's say finding over time. Believe me it is a checked. There is not a mathematical relationship in terms of time, but a restriction is.
  • #7,113
  • Nov 11, 2014 2:58pm Nov 11, 2014 2:58pm
Quoting ovidiu_gnt
{quote} Let's say finding over time. Believe me it is a checked. There is not a mathematical relationship in terms of time, but a restriction is.


So you speak YODA...!!!
Okay...!!


I repeat myself.

"
Not hard very it is.

Complicated have You made it.
Not complicated elliott wave is.
Study you must again, Elliott waves. hhmmm.....
Then post chart here, master then you shall be...
!!!Not before.
"
Elliott wave is very mathematical.
or your count is wrong.
  • #7,114
  • Nov 12, 2014 1:22am Nov 12, 2014 1:22am
Quoting saqib
{quote} So you speak YODA...!!! Okay...!! I repeat myself. " Not hard very it is. Complicated have You made it. Not complicated elliott wave is. Study you must again, Elliott waves. hhmmm..... Then post chart here, master then you shall be... !!!Not before. " Elliott wave is very mathematical. or your count is wrong.
Sorry to have bothered you, you're right, EWA is very easy, no need to think too much, apply Fibonacci and ready. Read between the lines and not just word by word. Good luck in trading and don't forget "open-mind" to all possibilities!
  • #7,115
  • Nov 12, 2014 2:05am Nov 12, 2014 2:05am
A break below 1146 will confirm below count. Short trade set-up
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  • #7,116
  • Nov 20, 2014 7:39am Nov 20, 2014 7:39am
Hi! elliott wave beginner here... is my wave count correct? tnx in advance.
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  • #7,117
  • Nov 20, 2014 12:41pm Nov 20, 2014 12:41pm
Quoting taxbitter
Hi! elliott wave beginner here... is my wave count correct? tnx in advance. {image}
Very good count in my opinion. Keep it just like that and wait for wave 2 as you already do. Just don't be to fast or too late if that is simpleI'm also waiting for this one.
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  • #7,118
  • Nov 20, 2014 2:27pm Nov 20, 2014 2:27pm
Quoting taxbitter
Hi! elliott wave beginner here... is my wave count correct? tnx in advance. {image}

Hi

I like the count. I have the same idea but not too intricate. I also am looking for some retracement to set up for a fall
Well done

Olu
If you think you can or cannot do it you are correct
  • #7,119
  • Nov 23, 2014 9:35am Nov 23, 2014 9:35am
@ottmnslap thanks!

Another beginner question. I made two scenario Setup A & B. I know Setup A is valid but on Setup B I'm a bit confused if it's valid as wave "a" of triangle wave 4 overlaps with the price territory wave 1.

Thanks in advance!
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  • #7,120
  • Nov 23, 2014 10:27am Nov 23, 2014 10:27am
Quoting taxbitter
@ottmnslap thanks! Another beginner question. I made two scenario Setup A & B. I know Setup A is valid but on Setup B I'm a bit confused if it's valid as wave "a" of triangle wave 4 overlaps with the price territory wave 1. Thanks in advance! {image}
np at all taxbitter hope you find it useful
This is a question i did ask myself alot to be honest, and what i now belive is that setup B as you call is no violation if you want to be practical about EW. But alot would disagree with me on this point and i respect that. I want to show it with a live exampel, one way of filtering overlaps without being too extreme is to use line charts. Here is my outlook for DAX this count would have violated any rules if i made it using bars og candles.

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