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Elliott Wave Trading

  • #7,921
  • Feb 28, 2017 1:14am Feb 28, 2017 1:14am
Quoting shyean
Good Day Everyone, My attempt for USD/CHF H4, Thinking Wave (c) up next. Waited for pullback in H1. Thanks {image} {image}
Are any of these Elliot wave counts of yours pay off, overall? Cause all I am seeing is simple correction, no complex corrections at all, there must be something wrong...No offense but it can't be like that all the time: no double zig-zags, no triple zig-zags and so on...
  • #7,922
  • Feb 28, 2017 1:43am Feb 28, 2017 1:43am
Quoting Jevan
Good morning guys {image}
It's not an impulse, it looks like because it fits with no overlapping of waves - that's all, have a second look, cause it looks like a complex correction to me. And if your 3 wave would have to be an impulse it would look like your 5 wave - a strong structure.
  • #7,923
  • Feb 28, 2017 3:09am Feb 28, 2017 3:09am
Hi diavolul,

Complex correction is difficult for me. Mostly, I'll stop the wave counts if momentum line is broken.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.sH4.png Size: 41 KB


Quoting diavolul
{quote} Are any of these Elliot wave counts of yours pay off, overall? Cause all I am seeing is simple correction, no complex corrections at all, there must be something wrong...No offense but it can't be like that all the time: no double zig-zags, no triple zig-zags and so on...
"The markets can remain irrational longer than you can remain solv
  • #7,924
  • Feb 28, 2017 3:15am Feb 28, 2017 3:15am
Quoting shyean
Hi diavolul, Complex correction is difficult for me. Mostly, I'll stop the wave counts if momentum line is broken. Thanks {image} {quote}
Well, then how do you know if your count is wright? Trend lines, support and resistance lines (aka pivot leveles), various channel types, Andrew's pitchforks and Ichimoku Kynko Hyo cloud and so on - all of them will all be broken most of the time, only from an Elliot wave perspective the structure will hold or not, depending what type of structure you have. The rest of them becomes irrelevant, then. What I am saying is that you have to learn relationship between waves so you have a bigger picture of chart and not to be stuck if "momentum line" is broken and you freeze while trading.
  • #7,925
  • Feb 28, 2017 6:48am Feb 28, 2017 6:48am
Quoting diavolul
{quote} Are any of these Elliot wave counts of yours pay off, overall? Cause all I am seeing is simple correction, no complex corrections at all, there must be something wrong...No offense but it can't be like that all the time: no double zig-zags, no triple zig-zags and so on...
hi diavolul,
there is no wrong with the label , all people here just wants to be simple (or to hide)

Attached Image


then for simplicity reason we just want to write it like this

Attached Image
I Can be What I Will to be
  • #7,926
  • Feb 28, 2017 7:35am Feb 28, 2017 7:35am
Quoting John-Pacman
{quote} hi diavolul, there is no wrong with the label , all people here just wants to be simple (or to hide) {image} then for simplicity reason we just want to write it like this {image}
Yeah and some of them "interpret" this theory on a very inferior level. An A-B-C type of analysis anyone can label trust me, even my 10 years old nephew. It's even easier than drawing something live a Fibonacci retrace or a resistance/support line. Even the guy is highly educated in Elliot theory, the beginners cannot learn anything from that.
  • #7,927
  • Edited 11:13pm Mar 1, 2017 5:24pm | Edited 11:13pm
Quoting skyhok
GBPUSD Setting up for a wave (c) advance of an (a)-(b)-(c) zigzag near 50% retracement of (a), but no more than 61% {image}
GBPUSD long on wave (c) of (a)-(b)-(c) zigzag
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2Mar17.png Size: 103 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,928
  • Mar 2, 2017 3:57am Mar 2, 2017 3:57am
Quoting skyhok
{quote} GBPUSD long on wave (c) of (a)-(b)-(c) zigzag {image}
And if it closes below that 61.8 retrace level, could it develop a flat structure (3-3-5), as an alternate count for upside continuation move, right?
  • #7,929
  • Mar 3, 2017 6:15am Mar 3, 2017 6:15am
my count (for an alternate) on GBPUSD ,

since wave-3 is never the shortest (161% of 1 in this case) , new low will be touched in a short period of time.
respectively target are (min) 1.20984 and (max) 1.19874 (110-220 pts)

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
I Can be What I Will to be
  • #7,930
  • Mar 3, 2017 10:36am Mar 3, 2017 10:36am
Quoting knightpips
{image} this is the book to read
waste of money+time. been across ew books for a about 5 bucks that made more sense.
  • #7,931
  • Edited 8:44pm Mar 3, 2017 7:58pm | Edited 8:44pm
AUDUSD monthly
A major ending diagonal wave C red is forming since 1974 top, now on the wave 5 zigzag down.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD monthly 4Mar17.png Size: 83 KB

Daily
Setting up for longs on retracement
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD daily 4Mar17.png Size: 70 KB


Elliott Wave works in ANY time-frame.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,932
  • Mar 3, 2017 9:21pm Mar 3, 2017 9:21pm
EURUSD hourly
Advancing on a zigzag 5th wave 5 white of ending diagonal c
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4Mar17.png Size: 102 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,933
  • Edited 3:49am Mar 4, 2017 3:37am | Edited 3:49am
Quoting skyhok
AUDUSD monthly A major ending diagonal wave C red is forming since 1974 top, now on the wave 5 zigzag down. {image} Daily Setting up for longs on retracement {image} Elliott Wave works in ANY time-frame.
Is there any chance for an alternate count on daily view, like the range trade where are in to be the B, and the current fall to be an E-wave from a non-limiting triangle or something, a part of a deeper B-wave flat?
I am not sure if it sounds ridiculous or not, just wondering...because if would fit just perfectly with the fundamentals too, the first wave of the presumed E-wave would develop until the RBA meeting and then would form the b-wave of E-wave and after that would consolidate until the FED interest rate decision and then the last leg of it would develop and then would retrace all the downside movement above 0.80 level, until the next USD interest rate increase in May-June or further in the future when Jennet Yellen will increase the interest rate on a faster pace than previous did and then will complete the wave 5. How about that?

Attached Image (click to enlarge)
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  • #7,934
  • Edited 7:20am Mar 4, 2017 7:02am | Edited 7:20am
Quoting diavolul
{quote} Is there any chance for an alternate count on daily view, like the range trade where are in to be the B, and the current fall to be an E-wave from a non-limiting triangle or something, a part of a deeper B-wave flat? I am not sure if it sounds ridiculous or not, just wondering...because if would fit just perfectly with the fundamentals too, the first wave of the presumed E-wave would develop until the RBA meeting and then would form the b-wave of E-wave and after that would consolidate until the FED interest rate decision and then the last...
Yeah! It's possible taking wave B as a triangle, but rarely.
Either way wait for the development of preceding wave before going long.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,935
  • Mar 4, 2017 2:52pm Mar 4, 2017 2:52pm
Skyhok , I have a request. I am not skilled enough at this point to use EW. Are you able to post an EW analysis on a USD/CAD chart which may provide what this pair may do from an EW perspective in the coming next 2 weeks roughly ? Would be greatly appreciated if possible.

Thank you ,

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #7,936
  • Mar 4, 2017 6:58pm Mar 4, 2017 6:58pm
[quote=diavolul;9626058]{quote} Is there any chance for an alternate count on daily view, like the range trade where are in to be the B, and the current fall to be an E-wave from a non-limiting triangle or something, a part of a deeper B-wave flat? .........

Quoting skyhok
{quote} Yeah! It's possible taking wave B as a triangle, but rarely. Either way wait for the development of preceding wave before going long.
AUDUSD
Analyzing minor waves of corrective wave b - possibly completed, with a 5 waves impulse wave (c) .
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 5Mar17.png Size: 69 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,937
  • Mar 4, 2017 7:33pm Mar 4, 2017 7:33pm
Quoting GreenEarth
Skyhok , I have a request. I am not skilled enough at this point to use EW. Are you able to post an EW analysis on a USD/CAD chart which may provide what this pair may do from an EW perspective in the coming next 2 weeks roughly ? Would be greatly appreciated if possible. Thank you , GreenEarth
This pair has been very complex since May 2016 low, but if one is familiar with 'ending diagonals' especially in the wave C of corrections, things look very possible:

Quoting skyhok
{quote} 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.

USDCAD Daily
An ending diagonal wave c yellow, developing within a running correction 4.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 5Mar17.png Size: 76 KB


Hourly
Another minor ending diagonal wave c blue of (4) developing, now poised for a decline on a zigzag wave 5 red.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD hourly 5Mar17.png Size: 84 KB


While anything is possible!
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,938
  • Mar 4, 2017 8:29pm Mar 4, 2017 8:29pm
SKYHOK , I am truly indebted to you that you would put together two charts showing a couple of possibilities. I am at a loss for words. Traders like you make this site such a wonderful educational experience in so many ways. I can't thank you enough.

May you have a boatload of profitable pips !!

Thanks again ,

GreenEarth.
"Define the risk OUT of your trade"--Mark Douglas
  • #7,939
  • Mar 5, 2017 6:46pm Mar 5, 2017 6:46pm
Quoting alayinizAMK
{quote} waste of money+time. been across ew books for a about 5 bucks that made more sense.
Thank you for your criticism of the book 'Mastering Elliott Wave' by G. Neely.

There's a common sense that the more one criticize something, the more people like to pay attention or try to find out about the subject in concern.
Elliott Wave for optimum entry, exit and risk management of trades
  • #7,940
  • Mar 6, 2017 6:34pm Mar 6, 2017 6:34pm
Quoting GreenEarth
SKYHOK , I am truly indebted to you that you would put together two charts showing a couple of possibilities. I am at a loss for words. Traders like you make this site such a wonderful educational experience in so many ways. I can't thank you enough. May you have a boatload of profitable pips !! Thanks again , GreenEarth.
Yes, enjoying the interactions of FF forum and it's both ways, learning from others feedback as well.
Elliott Wave for optimum entry, exit and risk management of trades
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