Attachments: Elliott Wave Trading

Elliott Wave Trading

#7,941
Mar 6, 2017 8:54pm Mar 6, 2017 8:54pm

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

An advantage of using long term EW analysis.

EURNZD example:

Identifying the low of April 2015 as completion of major wave 2 correction near 61.82% retracement of wave 1.

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Now setting up for long-term longs on a 3rd wave [3] advance towards 1.6182 Fib extension of [1].

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This tends to resolve the common problems of having too many alternative wave counts, and concentrate on trading the actual wave in concern.

Elliott Wave for optimum entry, exit and risk management of trades

#7,942
Mar 7, 2017 1:58am Mar 7, 2017 1:58am

alayinizAMK
| Joined Nov 2014 | Status: Trader | 1,140 Posts

Quoting skyhok

Disliked

{quote} 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.

Ignored

I personally don't like the book as a whole. Some parts with illustrations are fine but available for free everywhere. And So many newcomers believes that they are going to make money after they learn "advanced elliott". I think this not the case in real trading.

#7,943
Mar 7, 2017 9:57am Mar 7, 2017 9:57am

diavolul
Joined May 2010 | Status: Full time trader | 731 Posts

Quoting alayinizAMK

Disliked

{quote} I personally don't like the book as a whole. Some parts with illustrations are fine but available for free everywhere. And So many newcomers believes that they are going to make money after they learn "advanced elliott". I think this not the case in real trading.

Ignored

No, because they are treating it poorly and jumping into trading after that and the results, of course, are not like they expect. And after that, tend to blame the theory not their own faulty behavior and tend to troll everyone is using it: saying that is not working and so on...

#7,944
Mar 7, 2017 10:52am Mar 7, 2017 10:52am

alayinizAMK
| Joined Nov 2014 | Status: Trader | 1,140 Posts

Quoting diavolul

Disliked

{quote} No, because they are treating it poorly and jumping into trading after that and the results, of course, are not like they expect. And after that, tend to blame the theory not their own faulty behavior and tend to troll everyone is using it: saying that is not working and so on...

Ignored

exactly- but going advanced with Neely ain't going to be a help. Show me his track record if i'm wrong. the problem is people get to learn triple zigzags and wxy stuff before they even learn wth a standard lot is. We have all been there, unfortunately.

#7,945
Edited 7:49pm Mar 11, 2017 7:32pm | Edited 7:49pm

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting GreenEarth

Disliked

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

Ignored

Amazing! It's all about the most unknown and under-used wave pattern - Expanding Ending Diagonals wave Cs - taking place time after time in so many markets & time-frames.

USDCAD revised update:
An expanding ED is still developing, presenting expanding ranges for trading opportunities.

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Elliott Wave for optimum entry, exit and risk management of trades

#7,946
Mar 12, 2017 3:03pm Mar 12, 2017 3:03pm

GreenEarth
Joined Dec 2016 | Status: Trader | 739 Posts

Skyhok , waiting to see how your chart actually ends up compared to the actual price action. Very , very interested. Thank you once again for taking your valuable time to show this to so many people.
Regards ,

GreenEarth

"Define the risk OUT of your trade"--Mark Douglas

#7,947
Edited 8:44pm Mar 12, 2017 7:57pm | Edited 8:44pm

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting GreenEarth

Disliked

Skyhok , waiting to see how your chart actually ends up compared to the actual price action. Very , very interested. Thank you once again for taking your valuable time to show this to so many people. Regards , GreenEarth

Ignored

These are 'trade secrets' that most people would keep to themselves for writing a book about it when they hang up their boots.

But then, not everyone would listen, except a handful.

My conclusion here, so far is that:

"EW is a science on trading, and with practice it becomes a science and an art".

Elliott Wave for optimum entry, exit and risk management of trades