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Elliott Wave Trading

  • #7,861
  • Jan 21, 2017 6:01am Jan 21, 2017 6:01am
Quoting barkie
This could be a complete ending diagonal and the end of wave 4, similar on EUR/USD. It would be convincing if it clears 101.72 previous wave 4. {image}
Hi ,

im sorry barkie , this CAN NOT be an "ending diagonal" since wave-3 way too long 61% of 1st.
same case for the 5th compare to 3rd .
It has to be labelled as ABC not 5.

and IF this is valid as "ED" the construction must be retraced fully before 2017.01.23 04:00 [ALPARI RU time]
I Can be What I Will to be
  • #7,862
  • Jan 21, 2017 7:24am Jan 21, 2017 7:24am
New to reading here. Could someone give some advice on how to trade using Elliott wave strategy? Or best sources to learn from, etc? Really interested in learning it
  • #7,863
  • Edited 8:20am Jan 21, 2017 8:03am | Edited 8:20am
Quoting Sixer
Read the description/explanations of the ED rules and compare it to your count. Sixer {image}
Regarding ED rules, ED not only occur in 5th wave of impulse, but also take place in C wave of Corrections where it's most vital, as both EWI and MEW Neely suggested:

1. Elliott Wave International
https://www.elliottwave.com/Trading/...Lesson-5-Video

"Ending diagonals can form only in the fifth wave position of an impulse wave or the wave C position of an A-B-C formation."

2. Mastering Elliott Wave by G. Neely p.5-14 & 10-10, he called it Terminal Impulse.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,864
  • Jan 21, 2017 10:58am Jan 21, 2017 10:58am
Eur
Attached Image (click to enlarge)
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Attached Image
  • #7,865
  • Jan 21, 2017 12:24pm Jan 21, 2017 12:24pm
Quoting Grigoriy
Eur EURUSDDaily 20 01.png;2149748 EURUSDH4 20 01 17.png;2149752 {image} {image}
Hi G
It can also easily go other way around up to 115-117 and lots of fundamental reasons that is more likely.
1st and most important is Trump agenda of massive infrastructure spending.Well its not as easy as it sounds it must pass the house and be part of new budget and there will be ugly budget fights including with conservatives who oppose spending big and adding more debt to staggering national debt.In best scenario Trump may succeed modest tax breaks to local state private companies but its not going to be game changing event.
2nd USD out of control strength is not only global threat but also threat to our recovery which we are still in it.When our growth is only 2% that is basically nothing.Our wages have marginally moved last 15yrs.
Its more likely that there will be efforts made to weaken the USD to stay competitive.
cheers
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In trading, you have to be defensive and aggressive at the same time
  • #7,866
  • Jan 22, 2017 3:55am Jan 22, 2017 3:55am
DX

ED (expanding)

Attached Image (click to enlarge)
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any takers?
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  • #7,867
  • Jan 22, 2017 8:39am Jan 22, 2017 8:39am
this is the best example of an "Ending Diagonal" on EURUSD

see the post construction-formation, ED was fully retraced by PA , this move is mandatory and serves as a confirmation that the formation is valid.
without it , the formation is invalid.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1trueED.png Size: 52 KB


please do NOT labelling any wave by only "we see it as... and/or fit it as..." , we have to calculate two critical variables (price and time).
there's an equation to calculate it.
EW is about set of rules , IF we do not do this then we only guess.
I Can be What I Will to be
  • #7,868
  • Jan 22, 2017 8:45am Jan 22, 2017 8:45am
Quoting barkie
This could be a complete ending diagonal and the end of wave 4, similar on EUR/USD. It would be convincing if it clears 101.72 previous wave 4. {image}

barkie, fwiw, i think it is a likely Diagonal, but do you not think that it is a 5-3-5-3-5? (Leading)?

With this in mind, i'm curious, (not critical), how would you label the beginning of this cycle on the daily, (the two peaks in red circle below)?

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  • #7,869
  • Jan 22, 2017 8:59am Jan 22, 2017 8:59am
Recent on the 1H;

Attached Image (click to enlarge)
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A fresh low before another leg long, would no longer look right and likely be the abc x abc count instead, however, that means the rise on 18/19 would be a 'b' wave (ie- abc) and it clearly does not look like it is the case...
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  • #7,870
  • Edited 11:08am Jan 22, 2017 10:48am | Edited 11:08am
EURUSD
Trading long long-term on a zigzag a-b-c wave 4 within a proposed ending diagonal wave C orange.

Maintaining course in rough seas (conflicting opinions) due N-E towards waypoint 4 @ at least 1.1200 in about 8-10 weeks.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #7,871
  • Jan 23, 2017 5:34am Jan 23, 2017 5:34am
US Index
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  • #7,872
  • Jan 25, 2017 10:44pm Jan 25, 2017 10:44pm
Good Day Everyone,

My attempt for USD/JPY H1,

Thinking if Corrective Wave b over, Impulse Wave c up next.

Thanks

Attached Image (click to enlarge)
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"The markets can remain irrational longer than you can remain solv
  • #7,873
  • Jan 26, 2017 2:10am Jan 26, 2017 2:10am
Quoting Grigoriy
Eur EURUSDDaily 20 01.png;2149748 EURUSDH4 20 01 17.png;2149752 {image} {image}

Hello Grigoriy Thank you for great analysis, can I ask which labeling tool you are using for MT4?
There's no harm in being smtm wrong especially if one is promptly found out
  • #7,874
  • Jan 26, 2017 1:35pm Jan 26, 2017 1:35pm
Quoting salifx
{quote} Hello Grigoriy Thank you for great analysis, can I ask which labeling tool you are using for MT4?
Hello Salifx. I use the font EWAPRO.

http://pr0.mybb.ru/viewtopic.php?id=178

(Вы из Баку - столицы солнечного Азербайджана , значит ссылка на русскоязычный сайт для Вас не проблема. На том сайте много интересного :-)
  • #7,875
  • Jan 27, 2017 11:04am Jan 27, 2017 11:04am
Quoting Grigoriy
{quote} Hello Salifx. I use the font EWAPRO. http://pr0.mybb.ru/viewtopic.php?id=178 (Вы из Баку - столицы солнечного Азербайджана , значит ссылка на русскоязычный...

very kind of you... thanks a lot...
There's no harm in being smtm wrong especially if one is promptly found out
  • #7,876
  • Jan 29, 2017 3:15pm Jan 29, 2017 3:15pm
EUR
Attached Image (click to enlarge)
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  • #7,877
  • Jan 31, 2017 6:47pm Jan 31, 2017 6:47pm
Good Day Everyone,

For USD/JPY H4,

Trading the range after break of lower time momentum with expectation of USD strengthening.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY@H1.png Size: 43 KB
"The markets can remain irrational longer than you can remain solv
  • #7,878
  • Feb 1, 2017 2:39am Feb 1, 2017 2:39am
Quoting Grigoriy
EUR EURUSDM15 28 01 17.png;2161729 {image}
same here stopped @1.0790.

our counting has failed, do you have any secondary scenario for eurusd?
There's no harm in being smtm wrong especially if one is promptly found out
  • #7,879
  • Feb 1, 2017 1:22pm Feb 1, 2017 1:22pm
Good Day Everyone,

For USD Index M15,

Thinking likely downward wave after break of corrective momentum with a small double top.

Thanks

Attached Image (click to enlarge)
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"The markets can remain irrational longer than you can remain solv
  • #7,880
  • Edited 7:58pm Feb 1, 2017 7:32pm | Edited 7:58pm
XAUUSD daily - An impulse wave (C) red started from December 2015 low.
Now looking at and projecting wave (5) of (C) between Fib. retracement levels, towards 1542.
Long-term long setup on 0.6182 retracement near 1160.00, SL at invalidation @ 1135.00
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
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