A lot of people think I'm a poser! In HEW there are no leading/ending triangles, running triangles (but irregular are ok) failed fifths or extended waves... You'll find that Wave 3's are not as bursty as you think - well, not in corrective ...

Elliott Wave Trading

Yes, I see impulsive 3-wave moves... It's all down to the daily/weekly structures... but let's see if my projections develop. Before 1.3626 is 1.3602 first... I thoroughly recommend my book!

Elliott Wave Trading

But what happens if this is not a correction higher?

Elliott Wave Trading

No projection targets?

Elliott Wave Trading

What do you think about the 1.3626, maybe 1.3645 and 1.3684 levels?

Elliott Wave Trading

Oh... I'll wait for that then...

Elliott Wave Trading

I'm more interested in how the count will morph when GBP gets above 1.6259 and EUR above 1.3578...

Elliott Wave Trading

Probably in CEW but not in HEW... The example of the 5-wave rally in EURUSD last week is one such example. It's complex but all fractals have correct ratios.

Elliott Wave Trading

Nope! I never find that. I see the common projection clusters are valid from the 1 minute charts up to the monthly charts. What's more they have been valid as far back as the history I have. For sure, the lower the time frame, the greater the noise, ...

Elliott Wave Trading

I don't use that EW counting style. I honestly don't see the need for it and is only there because of the confusion that CEW brings through extended waves, failed fifths, diagonal triangles and so on that really don't exist. With the HEW structure ...

Elliott Wave Trading

It's my logo (means Harmony) and I use a very, very old graphics package to add it to the image created by TradeStation.

Elliott Wave Trading

I'll tell you how I counted that nasty A->B wave... with valid ratios for a 5-wave move... The rest you'll have to work out...

Elliott Wave Trading

No, as I mentioned above, I think it develops due to market participants (including all of the above) reacting emotionally when buying and selling - or generating fiscal policy. Emotions do not have fixed algorithms but collectively appear to adhere ...

Elliott Wave Trading

"Now when a powerful central bank like BOJ intervenes in the market with brute force like this, the market is no more a true market right? This shall bring down the accuracy of Elliott waves at least in lower fractals (time frames) right?" I just ...

Elliott Wave Trading

I don't take into account any fundamentals. I only use technicals based around Harmonic Elliott Wave. Remember that HEW moves in 3-wave structures and now think of what that means in the triangle that is not a triangle... No count but here are the ...

Elliott Wave Trading

Well, a guideline is a guide and not a rule so that one is irrelevant. Rules: Same as CEW plus Wave iv cannot break (and not normally get close to) the Wave b of iii. If by "rules" you're talking about the ratios, then: Wave c's are subservient to ...

Elliott Wave Trading

That "triangle" is not a triangle... Complex corrections - triangles, flats and expanded flats must have the first Wave A (where you have (4) ) in 3-waves. In the first leg it was not in 3-waves. Thus, it was not a triangle. Second, triangles ...

Elliott Wave Trading

That's even worse!!!!

Elliott Wave Trading

Well, my view is to start with the largest wave degree/timeframe and work lower. One of the biggest mistakes I see is people working with an hourly chart without any reference to the daily & weekly charts. There is an automatic preference to count ...

Elliott Wave Trading

Hi Happy You! Obviously I need to reply.... On EW and HEW, I'll just say that I have been using EW for over 20 years. I was considered an expert at CEW but it never really provided a consistent structure, never quite sure where a wave will end, ...

Elliott Wave Trading