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Elliott Wave Trading

  • #7,541
  • May 25, 2016 2:16pm May 25, 2016 2:16pm
Quoting shyean
Hi barkie, I'm thinking if it is a possible Wave 3 up from H4 perspective. Thanks {quote}
Yep I think you are right, wave 3 of larger wave 5 of larger 2. I want to short Cable because larger degree points down imo (monthly) but now is too early.
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  • #7,542
  • May 26, 2016 1:44pm May 26, 2016 1:44pm
WTI, 3 or C could be finished here and because the lenght of it I think it is rather a 3 than a C.
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  • #7,543
  • May 27, 2016 9:41am May 27, 2016 9:41am
Quoting Ziko9o8
- kaleidoscope images:- http://orig09.deviantart.net/44d5/f/...bc-d74abb0.png http://www.jigsaw-training.org/wp-co...cope-Image.jpg
I think everyone is right in a way. The entire thing breaks down into the fib ratios. Easy to percieve in 3,5 and 7 they are all in there at different degrees. I've just read the section titles: Orthadox tops and bottoms. Again Elliot theory has re defined reality to fit the broken model. Started in middle of the preceeding wave and calling it 1 and 2. Then 3,4 and five are a new wave set 1,2 and 3. Like trying to fit square peg in round hole. And then get excuses such as the end thats not higer than the true end that preceeds it. The higher high or low dubbed orthodox end. Not an end but second wave in new structure. Then the next chapter called Reconsiling Function and Mode takes us even further into Bat country with Actionary Corrective waves. Claims that some Actionary waves operate in corrective mode. An actionary is just that and corrective is just that, the mixing of the two here is symptom of incorrectly identified overall count. 1,3,5 are actionary and 2,4,6 And 8 are corrective there's no blending of modes in the true wave system.
Founder of Sutherland Wave Principle
  • #7,544
  • May 27, 2016 1:07pm May 27, 2016 1:07pm
Quoting suthmo
{quote} I think everyone is right in a way. The entire thing breaks down into the fib ratios. Easy to percieve in 3,5 and 7 they are all in there at different degrees. I've just read the section titles: Orthadox tops and bottoms. Again Elliot theory has re defined reality to fit the broken model. Started in middle of the preceeding wave and calling it 1 and 2. Then 3,4 and five are a new wave set 1,2 and 3. Like trying to fit square peg in round hole. And then get excuses such as the end thats not higer than the true end that preceeds it. The higher...
- What you are claiming is very dangerous and in the very core of both wave structure and count of the wave theory.

- I hope that you can make rules or even guidelines of what you are claiming to be and test it.

- Good Luck.
  • #7,545
  • May 27, 2016 5:14pm May 27, 2016 5:14pm
Quoting michemo
What The Best TimeFrame for elliot wave strategy??
- As a rule, there's no best TF to analyze.

- As a guideline, the bigger the better.

- Sorry for the late reply, take care.
  • #7,546
  • Edited May 28, 2016 5:51am May 27, 2016 6:12pm | Edited May 28, 2016 5:51am
Quoting Ziko9o8
{quote} - What you are claiming is very dangerous and in the very core of both wave structure and count of the wave theory. - I hope that you can make rules or even guidelines of what you are claiming to be and test it. - Good Luck.
Absolutely I have scematic diagram of the internal mechanics of the fractal. The true wave count, every reacton point retrace and extension the ratios to target. The underlying cycle is always the same, it look different because the ratios of volume and time warp the pattern but inside it has 7 waves with their reaction points extention and retracement that never change. And the way they unfold in sequnce never changes.
Founder of Sutherland Wave Principle
  • #7,547
  • Jun 1, 2016 8:02am Jun 1, 2016 8:02am
Quoting farshidu
Oil {image}

Result and New Analyze
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  • #7,548
  • Jun 2, 2016 8:26am Jun 2, 2016 8:26am
USDJPY
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  • #7,549
  • Jun 2, 2016 10:15am Jun 2, 2016 10:15am
Hi barkie,

For USD/JPY Daily,

I'm also thinking it will head north. But prices forming new structure low in H1 and H4. Waiting for some support to happen.

Thanks

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Quoting barkie
USDJPY {image} {image}
"The markets can remain irrational longer than you can remain solv
  • #7,550
  • Jun 2, 2016 10:43am Jun 2, 2016 10:43am
Quoting barkie
USDJPY {image} {image}
Im with you!! Ive got the same count. Ive been very confused by its action lately but i think were ready to rock now
  • #7,551
  • Jun 5, 2016 1:32pm Jun 5, 2016 1:32pm
Quoting raiders
{quote} Im with you!! Ive got the same count. Ive been very confused by its action lately but i think were ready to rock now
The dollar fell of a cliff but that count is still valid. I think a bit lower from here and then it's make or break, under 105.50 this count is invalid.
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  • #7,552
  • Edited 1:57pm Jun 5, 2016 1:38pm | Edited 1:57pm
Dollar index near the end of wave C of 2 (likewise EURUSD)
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  • #7,553
  • Jun 5, 2016 1:42pm Jun 5, 2016 1:42pm
That EUR/GBP trade is running smoothly but close to the end of wave1 imo but I'm staying in anyway
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  • #7,554
  • Jun 5, 2016 2:40pm Jun 5, 2016 2:40pm
Quoting barkie
That EUR/GBP trade is running smoothly but close to the end of wave1 imo but I'm staying in anyway {image} {image}
Barkei,

Once again i have the same count. Im looking at 77 for a long on it. But because of the clean break from the top trend line im wondering if it wont in fact just consolidate right above it for a couple days and then keep it moving. Perhaps when Yellen speaks it will bring more direction? Either way that long you caught on it was gorgeous!!! Good call
  • #7,555
  • Jun 7, 2016 7:01am Jun 7, 2016 7:01am
Completely missed that USDJPY trade I was touting about. It goes up but not in an impulsive fashion imo but can be a leading diagonal or something but could also be a C-wave and then one more move down imo.

Now watching USDCAD, I reckon one move down to complete B and then up.
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  • #7,556
  • Jun 7, 2016 7:05am Jun 7, 2016 7:05am
Quoting raiders
{quote} Barkei, Once again i have the same count. Im looking at 77 for a long on it. But because of the clean break from the top trend line im wondering if it wont in fact just consolidate right above it for a couple days and then keep it moving. Perhaps when Yellen speaks it will bring more direction? Either way that long you caught on it was gorgeous!!! Good call
77 makes sense Raiders, 7720 is start of wave 4 so it probably will return at least to that point.
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  • #7,557
  • Jun 7, 2016 8:12am Jun 7, 2016 8:12am
Quoting barkie
Completely missed that USDJPY trade I was touting about. It goes up but not in an impulsive fashion imo but can be a leading diagonal or something but could also be a C-wave and then one more move down imo. Now watching USDCAD, I reckon one move down to complete B and then up. {image} {image}
I dont know man the UJ is still acting funny to me. No real bullish divergence off the bottom and not impulsive at all. Im wondering if its just a wave 4 move at this point because its looking like a big bear flag??
  • #7,558
  • Jun 7, 2016 12:26pm Jun 7, 2016 12:26pm
Quoting raiders
{quote} I dont know man the UJ is still acting funny to me. No real bullish divergence off the bottom and not impulsive at all. Im wondering if its just a wave 4 move at this point because its looking like a big bear flag??
Yep looks corrective but a leading diagonal looks like a flag as well (http://www.ew-forecast.com/content/f...20diagonal.gif) so it still can be a wave 1 imo. I think the best way to trade this is to wait wave 2 to finish (on smaller charts like the 5 or 15), then wait for an impuls up and a correction and then take the trade.
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  • #7,559
  • Jun 7, 2016 12:29pm Jun 7, 2016 12:29pm
Quoting barkie
{quote} Yep looks corrective but a leading diagonal looks like a flag as well so it still can be a wave 1 imo. I think the best way to trade this is to wait wave 2 to finish (on smaller charts like the 5 or 15), then wait for an impuls up and a correction and then take the trade. {image}
Nice. I had not even thought of looking for the diagonal. Thank you for pointing that out to me
  • #7,560
  • Jun 7, 2016 4:47pm Jun 7, 2016 4:47pm
Bought some USDCAD here based on previous chart, under 1.2690 I'm out.
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