No idea about interest rates... not part of the equation for me! However, if you followed the Dollar Index call then you can imagine I'm bullish Dollars for a while but not in any massive multi-month perspective... Indeed, my preference is still for ...

Elliott Wave Trading

Just as an update... I feel the stronger argument is for the high to be in even if it didn't reach my favored target... The small caveat I'll add is that the rally from 1.3539 is not the clearest of structures so best keep an eye on the 1.3700-05 ...

Elliott Wave Trading

yes, it does happen. Divide 233 by 55 (ie 3 numbers back in the Fibo sequence...) It's normally seen in a Wave (iii). Never seen the end of Wave (v) being a 423.6% projection of Wave (i)... Never really tested it so I'm not saying it's wrong. Fibo ...

Elliott Wave Trading

Well, on extended waves... I think they're license to make up whatever you want... Nobody ever seems to be able to forecast when they're going to happen and where each leg stalls... Prechter certainly has no clue! I find 161.8% is rarely ever seen ...

Elliott Wave Trading

If you like the calls I made over the past few days then you may wish to consider Harmonic Elliott Wave. :nerd:

Elliott Wave Trading

Well, with all due respect I feel there is a more consistent way of identifying targets. Elliott intended this as a forecasting tool - not a retrospective one... Also Elliott always insisted that there are harmonic relationships in related waves and ...

Elliott Wave Trading

How do you decide when a wave has come to an end? What measurements do you make within the structure you have? What ratios are the projections in each Wave 3? What retracements are the Wave 4's... If they're different, how do you allow for the ...

Elliott Wave Trading

No problem... such is life... According to my charts we did see 1.3640... See: url

Elliott Wave Trading

AH... I see we overlapped with our responses... I see that you have now seen the calls...

Elliott Wave Trading

Sorry, but I think you've missed something... I've made the calls for a final top at 1.3700-05 and also mentioned earlier that the first move would be to 1.3640 (seen) a retracement to around 1.3541 (in process) and then up to 1.3700-05... That's ...

Elliott Wave Trading

UPDATE: Here is the chart of the Wave (c) higher - sorry I've used a slightly different nomenclature... not very professional - I was trying to do things in a hurry... image Where I've mentioned Wave ii before it's the Wave -ii- in this chart... ...

Elliott Wave Trading

1.3641 hit... That's Wave iii of Wave -c- (261.8%). Look for a pullback in Wave iv to around 1.3541 being the 50% retracement... From there the 66.7% projection in Wave v is at 1.3705. The larger Wave -v- has a 76.4% projection at 1.3700 & Wave -c- ...

Elliott Wave Trading

No, I haven't forgotten you! I am happy that you see the benefits and the fractal beauty of the changes. Easy? Well, easier... It can still be a big challenge but this way the waves talk to you, provide hints if you are on the wrong track... Most of ...

Elliott Wave Trading

First of all, my personal opinion and experience is that the traditional 5 wave structure in Wave 1, 3 & 5 is not correct. I explain this in the book - and how I feel the misjudgment was made. Everything else about EW I agree with. I wouldn't say ...

Elliott Wave Trading

I agree, that if price tops at 1.3700-05 the likely outcome will be a correction and not a new low... I am open at this point as I do see the Dollar Index being quite strong but in the last leg of a weekly/monthly triangle - so the eventual ...

Elliott Wave Trading

My chart was posted last week - post 5020 and it details the targets. Indeed, we should see 1.3640 first, a pullback and then 1.3700-05... but that should be it...

Elliott Wave Trading

Hi Sixer I've been using EW for over 20 years. I've been through the "oh well, it didn't stop at the 161.8% but this looks about right" type approach. I have problems with any EW if they're not using wave relationships. The first thing I always ask ...

Elliott Wave Trading

You have the call on the Dollar Index above already... See: url However, remember this is like coding. It is more effective if you know the process and can recognize the basis for the call - that way you can work through the wrinkles... I'm quite ...

Elliott Wave Trading

Well, ignore the profit side... it's irrelevant. Totally, 100% irrelevant. We are comparing two versions from a core concept developed by R.N. Elliott. Let me ask a question in return... So... does EW as it stands now provide entry signals? Can it ...

Elliott Wave Trading

Fine tuning the last legs of the $INX decline... — Hourly chart of the drop: image The decline from the Wave [iv] high came in 5 waves - and therefore a Wave [a] in my terms. The pullback appears to have completed Wave [b] so it's possible ...

Elliott Wave Trading