I don't use classic EW as it doesn't work! Believe me, I have been using EW for over 23 years and in all my time using classic the occasions when Wave 3 was 161.8% or 261.8% are pretty low... 161.8% is a Wave C projection. Once I had discovered ...

Elliott Wave Trading

Just to say, that if you are following Harmonic Elliott Wave then as UTurn2 mentioned the minimum Wave (iii) is 176.4% so the red iii) is not valid...

Elliott Wave Trading

I agree that Fibo relationships are not always present in traditional EW. It's haphazard. There are always good Fibo relationships in impulse waves in HEW. Sometimes they come easily and sometimes the noise makes it tough to recognise. Sometimes ...

Elliott Wave Trading

Olu I'm talking about forecasting and knowing where waves should end, the implications of how the lower degrees fit into the higher degrees that give you advantage. I know a lot of people use it the way you do and if it makes money that's good. ...

Elliott Wave Trading

Hi KC You'll find a range of videos that cover the basic characteristics of HEW on url . It includes the spreadsheet... Good luck

Elliott Wave Trading

I will provide you with my view having used EW for 23 years. Firstly EW is not simple and certainly not simple enough to have an indicator tell you what wave is which. Any algorithm based indicator has no chance of coping with the enormous range of ...

Elliott Wave Trading

WEEKLY OUTLOOK FOR THE DOLLAR INDEX

Elliott Wave Trading

Uturn2 I'll comment merely in terms of HEW as I would prefer to highlight what is, and what isn't, acceptable in HEW so there is no confusion for others looking to use this technique. In terms of the Wave a/ iii I'd like to know the internal count ...

Elliott Wave Trading

Of course you'll know I don't think it's a failed fifth but take a look at the chart. Momentum remains bearish so it actually looks as if it will extend losses... (I haven't had a good look at the bearish count yet so won't comment on that...)

Elliott Wave Trading

Take a look in the video area which has a range of short explanations on how various parts of the structure develop. WHile it's a long video, the one at the top right of the blog gives an overview of the adjustments to the impulsive wave structure. ...

Elliott Wave Trading

Good luck!

Elliott Wave Trading

Hi Sanacasta Many thanks for those kinds words. The modifications I've made make a lot of sense to me. May I just point out a few things I have noted from your counts that I feel will help you with your counting. In the first chart above you have a ...

Elliott Wave Trading

I think I may have wet myself laughing at that wave count! Does he really think that a single straight line with no sense of at least one decent correction can form 5-waves? Without measuring and just eyeballing i'd suggest my first approach ...

Elliott Wave Trading

I didn't say a thing! But I'll write 'em! Fibonacci numbers not included in your spreadsheet. Sheer practicality. If all were included it would be tough to see them all as the row would be too long. However, it's easy enough to change them - which ...

Elliott Wave Trading

I think my problem was more in Silver. There is still a risk of a minor new high but both hourly & 4-hour bearish divergences are developing so I am expecting a reversal lower and we'll have to see how these develop... The recovery in gold has not ...

Elliott Wave Trading

After a query, I'll (maybe temporarily) retract my statement above that was spurred more by Silver rallying too high. I'll go over both tomorrow.

Elliott Wave Trading

As I mentioned, I haven't reworked the rally from the low yet. However, it has broken above the Wave (iv) and thus implies we saw the low that I had forecast last November. I had been under the impression that we would get one last dip... which.. ...

Elliott Wave Trading

Yup, most definitely it has reversed... darn it... I haven't yet reworked the structure but will tomorrow.

Elliott Wave Trading

Uturn2 Forget that zigzag plot. It's throwing you off track! You have a 3-wave Wave c there... Measure!

Elliott Wave Trading

99.9% of the time!

Elliott Wave Trading