Hi Sixer Sorry, but I personally feel, after years and years of working with EW, researching wave relationships, that Elliott made a misjudgment in the impulsive wave structure. I don't intend this as any criticism of him as if you think of him in ...

Elliott Wave Trading

It's not a diagonal triangle. All impulsive waves develop like this...

Elliott Wave Trading

Let me explain my thinking process... as there were (to me) some conflicts and things that weren't totally "normal" as far as the Harmonic structure... First, here's my chart: image Firstly, the first Wave -c- extension in Wave -i- was a very ...

Elliott Wave Trading

Just to clarify, here are the resistance levels I supplied yesterday (to non EW clients) ... note the 1.3506 (23.6% expansion) and the 1.3537 (38.2%)... were hit perfectly... image There is a copy of this on my website... in case you think I've ...

Elliott Wave Trading

OK, what part has upset you? I have explained the count I have been using. Yesterday I identified the 1.3537 level as being important being the 38.2% expansion. I prefer the expanded flat scenario. I'm not quite sure why anything in inexplicable...

Elliott Wave Trading

You're getting close to Harmonic Elliott Wave... If you raised your Wave (i) to the next swing high then you'd find the 1.3456 high was just 5 pips above the 261.8% projection. You'd also have a Wave (a) at 1.3143, Wave (b) at 1.3088 (close to a 33% ...

Elliott Wave Trading

Walter Bressert: url I do admit I have seen 3's but not consistently, occasionally 3-2-3 etc... I work with the larger monthly cycles and then rely on HEW...

Elliott Wave Trading

ah! It's just a matter of adjustment of viewing a wave structure... Once you begin to see the wave relationships on repeated 3-wave structures you'll never want to switch back! I cannot look at price structural development in any other way now - ...

Elliott Wave Trading

The problem with EURUSD cycle is that the history is only back to 1999. Not only that EURUSD is quoted indirectly like GBPUSD but until 1999 the European currencies were quoted directly. Therefore there is no real reliable data to generate the ...

Elliott Wave Trading

[quote=Raza;4298532] Glad you like the changes... It's still one heck of a challenge but much more logical in my eyes...

Elliott Wave Trading

Sorry I didn't respond earlier - had to update my monthly data... Here's three: image USDJPY monthly cycles image USDCHF cycles image Cable cycles All seem to point to a major Dollar low next year (approx) before a hefty reversal higher... The ...

Elliott Wave Trading

My cycle are fixed cycles based on weekly/monthly charts so only give you the overall directional bias. Get even into daily and they tend to go a bit haywire with translation. So the intraday stuff I don't have any solution but would like one day to ...

Elliott Wave Trading

Harmonic Elliott Wave is basically a modification to Elliott's impulsive structure. Well, right from the start I have to say that from my experience R.N. Elliott (understandably) misjudged the wave structure. If you think of him 80+ years ago, he ...

Elliott Wave Trading

Well, you should never trade off one form of analysis. It's vital to integrate different & complimentary techniques. Using momentum effectively helps identify which projection has a greater chance of holding. I also use cycles to generate larger ...

Elliott Wave Trading

It all depends on where you are in the harmonic wave structure. If you are talking about Wave (ii) or Wave (b) (but not in Wave (iii)) then they can be just about anything. Wave (b) of Wave (iii) in most cases 23.6%-58.6% Wave (iv) - use alternation ...

Elliott Wave Trading

[quote=Raza;4281817] Yes, while I agree that every instrument has its own character, the Harmonic Elliott Wave structure works across every market I have tried it on and in my opinion with far greater logic. How do you do with projections? ...

Elliott Wave Trading

[quote=Raza;4279611] Hi Raza Thanks for asking! Well, right from the start I have to say that from my experience R.N. Elliott (understandably) misjudged the wave structure. If you think of him 80+ years ago, he had to do all his wave analysis checks ...

Elliott Wave Trading

EURUSD update from 2 days ago when I suggested I thought we'd seen a double zigzag and felt we should see a triple three. It moved lower than I thought it would but made the call yesterday for a bounce from 1.3183... Here was the count with ratios: ...

Elliott Wave Trading

I have a triple three higher for USDJPY... Bit concerned since EURUSD also looks bearish... but here we go: image All ratios look corrective to me... The final Wave (c): image Targets for Wave -iii-: image Risk will be any failure to break ...

Elliott Wave Trading

This is what I have for EURUSD at the moment: image We've seen a double zigzag higher so far but I feel we shall get a triple three. Therefore the current pullback should be Wave (x). It has retraced 61.8% so is at risk of direct resumption of ...

Elliott Wave Trading