Correct - easy to identify in hindsight. Anything that's good WILL be complicated. However, traditional EW has too many holes and is illogical.

Do Elliott waves work?

Incorrect about the rules. EW only has 3 rules and that's what makes it so easy to make up counts. However, it is pretty useless in identifying where waves will end, has no common fractal relationships between wave degrees, has no means of ...

Do Elliott waves work?

Elliott Wave doesn't work... except in retrospect and therefore isn't of much use. Try looking at url and url . Lots of videos to watch!

Do Elliott waves work?

Ha! Ok, yes, that's allowed in traditional EW. It's very flexible to allow as much as you want! That's why I gave it up...

Elliott Wave Trading

I'm referring to the Wave 1 you have labeled from the 1.3242 high to 1.3032. Look at the 5 waves within that.

Elliott Wave Trading

You may wish to review your Wave 1. The internal Wave 1 and Wave 4 overlap...

Elliott Wave Trading

That's what I like to see... a 3-wave Wave 1!

Elliott Wave Trading

WEEKLY OUTLOOK FOR GOLD

Elliott Wave Trading

Yup... well done. Indeed, referring to the response to Rocroy, this time it looks like it will get to its maximum which will hit the very top end of the retracement range which I really hadn't expected. I had been told by a cycle guy that the top ...

Elliott Wave Trading

I use the same corrective structure as traditional EW but of course the Wave A & C's are in the HEW format. The only corrections that can be identified within a tight range are the Wave (iv)'s as they have a relationship with the Wave (ii). Hence ...

Elliott Wave Trading

To give you a clue the 1.4831 low was a Wave 3 as I forecast a target of 1.4837 way back in February. Therefore those fibos are not relevant. Also, as far as I can see the correction from 1.4831 has mapped out a triple three already (and right in my ...

Elliott Wave Trading

As you wish but I have never seen anyone forecast to the point effectively with traditional EW. I am used to people thinking "oh it's just another geezer trying to make up another form of Elliott Wave." Actually, I used to think that. However, just ...

Elliott Wave Trading

Yes, there can be ambiguities ... but... the main focus is on recognising waves through ratios. It provides greater discipline and avoids the silliness of extended waves, failed fifths and 180% expansions in irregulars and so on. (expanded flats ...

Elliott Wave Trading

In traditional EW anything can be labeled anything... Mostly there's not much idea of what the wave is until 3-6 months later.

Elliott Wave Trading

From an EW perspective maybe it's acceptable, but there can be so many methods of counting that many other counts could be claimed. I look at that Wave 4 and go "how & why?" Don't worry, You're not doing anything wrong because so many others create ...

Elliott Wave Trading

A forecasting methodology such as Harmonic Elliott Wave is often considered with extreme caution, many critics pointing out that you never know when it will be right or wrong so that trading using it holds greater risks. That approach is naive as it ...

Elliott Wave Trading

Sorry, but no way... I do admit this is a difficult example because of the initial sharp ups and downs that really hide the internal development. In EW maybe people get away with it but it's just not logical and always retrospective. As a very basic ...

Elliott Wave Trading

But your Wave 5 was nothing like a 5-wave move!

Elliott Wave Trading

DAILY ANALYSIS FOR GBPUSD GBPUSD remains in a corrective structure:

Elliott Wave Trading

If Cable is in a corrective mode (which I agree with) why are you labelling an impulsive structure? It will move above the 200MA... MA's are simply distractions!

Elliott Wave Trading