Apologies, I was not trying to be awkward but trying to work out how this could be used effectively. From my perspective, having provided a forecasting service for over 10 years, I know I'd have no clients if I couldn't provide a more structured ...

Elliott Wave Trading

Harmonic Elliott Wave is NOT a system. I am VERY adamant about that - and why I'm writing my current book. Harmonic Elliott Wave is a price indicator and has multiple projection targets, can be complicated by noise and open to misjudgment. It is a ...

Elliott Wave Trading

I agree and why I had to look at some other solution because it ends up having to make these (what I call) weird counts that can only be counted retrospectively. The vast majority of traders these days try and work with these but it basically makes ...

Elliott Wave Trading

Well, you didn't start the count from the 75.57 low but from the correction following the first major peak - and you labeled it Wave 4... and therefore, since you were counting a 5-wave move from that corrective low that this must be a massive ...

Elliott Wave Trading

Another few questions, if I may... When were you able to forecast where the end of the 5-wave move will end? When were you able to forecast that the Wave (b) (following the Wave (a) low following the Wave (3) ) would be higher and where it would ...

Elliott Wave Trading

So this is whole move from the Wave 4 is an extended Wave 5? That'll be a projection of 400% to the target your suggesting?

Elliott Wave Trading

Yes, I want to know where the Wave (1) started and Wave (3) ended... I'm just a bit confused with your Wave (4) being where it is in a traditional EW basis...

Elliott Wave Trading

Just so I can understand the implication, if this is an extended Wave (5) then from where did Wave (1) begin?

Elliott Wave Trading

WayIDz I'm very aware of what alternation is! It is a core tool in my analysis. If you read my reply to ovidiu_gnt you'll see my explanation... It occurs in 95% of Wave (a) and Wave (c)'s (which are the only impulsive sequences) Not only that, but ...

Elliott Wave Trading

Apologies, BTW, I was talking about the GBPUSD decline that Skyhok posted and you agreed with - plus the running corrections lower in your EURUSD decline with multiple Wave 2/4 complex corrections...

Elliott Wave Trading

Well, firstly you have both Wave 2 and Wave 4 as complex so that's blown Elliott's observations... You probably know that I don't consider the running corrections as valid - but of course, that's just my view. Secondly, you know I don't look at ...

Elliott Wave Trading

Yes, it's between Wave 2 and Wave 4... However, your definition is incorrect. Elliott himself stated that he saw alternation had two qualities: 1. If Wave 2 is simple (zz, double zz, triple zz) then Wave 4 will be complex (Flat, expanded flat, ...

Elliott Wave Trading

Just a quick question... How do you guys handle alternation?

Elliott Wave Trading

I think you'll find this is a corrective structure... but not yet complete.

Elliott Wave Trading

I follow the S&P and that doesn't have much further to go now... Almost approaching the 6% decline I mentioned above. Note the 1,866.20 area... if indeed these are correlated.

Harmonic Elliott Wave (HEW)

The spreadsheet never included those lower ratios. In any case, the ratios can be overwritten. There are so many, while it's not impossible to have them right across the line, it is impractical in terms of matching upper & lower sections to match ...

Elliott Wave Trading

Crikey! When I started writing the book I hadn't fully worked out the ratio structure but knew that the 3-wave moves were definite. I do recall using 138.2% and a few below 176.4% event before writing the book so it looks like I had gotten to that ...

Elliott Wave Trading

I can't make any comment about the count except, obviously, that it's not in the structure I use. I will say that bar extremes are important and that's where the wave relationships lie - unless the key highs/lows in the lower degree get eaten up by ...

Elliott Wave Trading

Not quite. Wave 1, Wave 3 and Wave 5 are all (a)(b)(c) moves if you look at the chart above, where it was possible to identify them on the chart, they are subdivided in 3-waves. In the rally from the green Wave ii just after the mini Wave -b- (which ...

Elliott Wave Trading

I've never heard of TS Hennessy. I doubt it's the same. The ratio methodology is something I discovered when trying to identify where the wave relationships lie. I never use traditional EW for the impulsive sequence. I do use the corrective ...

Elliott Wave Trading