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Elliott Wave Trading

  • #7,241
  • Edited 4:28am Jan 3, 2015 3:41am | Edited 4:28am
Hi, can someone teach me how to count this?
The left side is the bottom of the wave.

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my best guess:

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  • #7,242
  • Jan 3, 2015 4:37am Jan 3, 2015 4:37am
@longshot
how can we be sure which one is ...
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  • #7,243
  • Jan 3, 2015 4:42am Jan 3, 2015 4:42am
Quoting paulselvan
@longshot how can we be sure which one is ... {image}
I like your view. thanks.!
me personally would like to account for more waves.
  • #7,244
  • Jan 4, 2015 5:49pm Jan 4, 2015 5:49pm
Larger view. I believe this wave could be over.

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  • #7,245
  • Jan 5, 2015 5:53am Jan 5, 2015 5:53am
euraud h1
if 4th sub-wave is finished ,expecting more 200 pips for the 5th one
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  • #7,246
  • Jan 5, 2015 7:54am Jan 5, 2015 7:54am
UJ 1H Chart:
Correction complete?
Cheers, U2
Attached Image (click to enlarge)
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Wait, or you will be slaughtered!
  • #7,247
  • Jan 5, 2015 5:14pm Jan 5, 2015 5:14pm
I believe 1.5 could be a longer term bottom for GU.
Worth following.

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  • #7,248
  • Jan 6, 2015 3:55am Jan 6, 2015 3:55am
http://harmonicelliottwave.blogspot.com/
Weekly Outlook for GOLD

Cheers, U2
Wait, or you will be slaughtered!
  • #7,249
  • Jan 6, 2015 8:58am Jan 6, 2015 8:58am
audusd m30 ...5 th wave
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  • #7,250
  • Jan 6, 2015 4:27pm Jan 6, 2015 4:27pm
Quoting paulselvan
audusd m30 ...5 th wave {image}
Another possibility
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  • #7,251
  • Apr 2, 2015 2:08am Apr 2, 2015 2:08am
Oil
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  • #7,252
  • Apr 24, 2015 7:06am Apr 24, 2015 7:06am
EUR/CAD long opportunity comming up in a few days, wave 4 of 5 [triangle]
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  • #7,253
  • Aug 18, 2015 11:25pm Aug 18, 2015 11:25pm
I believe, this thread is not upto date, I would like to contribute here to make this thread active again

We have elliottwaver, a fair idea of market and it's move. But can be clubbed with other trading methodology will help to be up to date with latest happening with market and can help us to label correctly. I use channels, trendlines and fibbo to align my counts.

How about you guys. Happy to answer your question and ready to listen suggestions ​
  • #7,254
  • Nov 23, 2015 12:49am Nov 23, 2015 12:49am
You are always welcome.
I am a newbie trader.
I want to learn more and more.
  • #7,255
  • Edited 8:13am Dec 6, 2015 8:02am | Edited 8:13am
hello elliot traders,
I'm searching info about zigzag double combinaiton
I read that we can find it as ZIGZAG + X + ZIGZAG or ZIGZAG + X + FLAT or ZIGZAG + X + TRIANGLE
But could it be as FLAT + X + ZIGZAG as i define magenta WXY in wave-2 ?
Tnx
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  • #7,256
  • Dec 7, 2015 6:05am Dec 7, 2015 6:05am
Quoting paulselvan
hello elliot traders, I'm searching info about zigzag double combinaiton I read that we can find it as ZIGZAG + X + ZIGZAG or ZIGZAG + X + FLAT or ZIGZAG + X + TRIANGLE But could it be as FLAT + X + ZIGZAG as i define magenta WXY in wave-2 ? Tnx {image}
I've been finding simple 3-3-5 corrective formation in most markets these days before resorting to complex combinations. However, the 5-waves C wave could be either an impulse or ending diagonals like this GA example.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #7,257
  • Dec 7, 2015 3:23pm Dec 7, 2015 3:23pm
Quoting skyhok
{quote} I've been finding simple 3-3-5 corrective formation in most markets these days before resorting to complex combinations. However, the 5-waves C wave could be either an impulse or ending diagonals like this GA example. {image}
you're probably right : it must be simple ABC correction
I suppose ,on your chart, b of (a) is divergent triangle and (c) of (A) is an ending diagonal ,aren't they?
regards
  • #7,258
  • Edited 9:05am Dec 9, 2015 1:08am | Edited 9:05am
Quoting paulselvan
{quote} you're probably right : it must be simple ABC correction I suppose ,on your chart, b of (a) is divergent triangle and (c) of (A) is an ending diagonal ,aren't they? regards
paulselvan, very interesting discussion for the purpose of this thread.

Just on why '(c) of (A) is an ending diagonal' ?

A 2-4 channel line is used to determine the termination point of wave 4, and thus the formation of an ending diagonal with 4 overlapping 2.

Based on the requirement that '2-4 channel line has to be clean with no parts of wave 3 and 5 sticking out', wave 4 has to terminate above the dotted line, therefore also setting up target area for wave 4 completion.

Attached Image (click to enlarge)
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In fact, this is just one of many importance or usefulness(s) of an Elliott Wave 2-4 channel line, that most Elliotticians have not discovered or pay attention to, in solving the difficulties of counting & identifying impulse waves, avoiding 'bull & bear traps', setting stop loss at invalidation points and even target areas in trading.

I'll let you discover them.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,259
  • Dec 9, 2015 1:04pm Dec 9, 2015 1:04pm
good technical tips
  • #7,260
  • Dec 10, 2015 2:59pm Dec 10, 2015 2:59pm
skyhok
What's your experience about the rule "wave-4 never enter in territory of wave-1 in an impulsive wave (expected in diagonal)".
Let's see this situation:
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Green waves aren't developing diagonal .
Green Wave-1 is an initial diagonal where sub-wave c is above sub-wave e.
Do you consider that green wave-4 is entered in territory of green wave-1 from c or when below e?
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