Best recognisable trade? Wave (iv)... as long as the Wave (iii) has been identified correctly. If it breaks then it implies that it hasn't been an impulsive move and therefore the trend will have reversed... As for USDJPY - you have mail...

Elliott Wave Trading

Ah... I hadn't considered that... although frankly the colours are basically irrelevant as I only use them to denote direction so that labelling is easier to decipher. (Blue, green and navy for bullish and brown, purple and cyan for bearish.) The ...

Harmonic Elliott Wave (HEW)

Interesting question. As a background I have noted the ratios are present right from the 1 minute charts through monthly. I have always been fascinated by the fact the market has always followed that pattern of ratios throughout. Not because it's ...

Elliott Wave Trading

Because that's how to denote a corrective wave within multiple abc patterns.... That decline was a triple three...

Elliott Wave Trading

Watch: url It does take a while to alter perception... once achieved it's impossible to move back... I can't make sense out of CEW... or maybe I can but I can't forecast accurately with it except retrospectively.

Elliott Wave Trading

But I knew the Wave [iv] retracement area back on the 21st November... I used the same technique as I did in my book for the DOW. I knew approximately where the Wave (iii) had to be and forecast (in July 2010) that the DOW would reach 12,800 area ...

Elliott Wave Trading

Funnily enough yesterday's 1.3619 low was related to the 1.3317 Wave low and provided perfect alternation. I based the 1.3684 target (set on the 21st November) as a projection of Wave from the base of Wave [ii]. This target has been consistent ...

Elliott Wave Trading

When it goes right... it's a thing of beauty. When it goes wrong... like USDJPY today.... arghh...

Harmonic Elliott Wave (HEW)

Failure to reach 1.3684 was a bit of a disappointment but I guess 7 points away isn't too bad. Nice drop into the Wave [iv] retracement area as mentioned above and now we're now moving higher in Wave [a] of Wave [v]. This is the more difficult part ...

Elliott Wave Trading

I wanted to update as I suddenly saw a comment about NFP being announced (I don't really take any notice of it...) so thought I'd put out the analysis earlier to keep this structure updated. Everything basically developing as expected. Yesterday's ...

Elliott Wave Trading

I knew it was the HTML... tried to put in the [/b] afterwards but didn't do any good... but if [ b ] is ok.. then I'll do that...

Harmonic Elliott Wave (HEW)

Interesting concept. It does of course depend on a definition the construction of a Wave A or Wave B. I have people telling me I'm spouting cr@p because they try and "reverse engineer" the ratios but use swing highs and lows and not count the way I ...

Harmonic Elliott Wave (HEW)

I've never noticed it and see a great variety of Wave 1's & Wave B's. I do note that Cable does have a strong tendency to have deep Wave B of Wave III though. Personally, I find HEW merely a price indicator and I don't think it appropriate to try ...

Harmonic Elliott Wave (HEW)

Well, Wave (a) projections are often the most tricky as there aren't any higher degree projection with which we can match. So it's a case of following the Wave [a] ... and then look for projections in Wave [v] and Wave v of [c]. Even then it can be ...

Harmonic Elliott Wave (HEW)

Twenty one years ago when I visited EWI's offices in Gainesville these double combinations never existed. I seem to recall that Prechter now "permits" complex corrections to start with these things. At that time I was told very categorically that ...

Elliott Wave Trading

I'm sorry but that doesn't seem to make sense... From 1.3523? The rally from there to 1.3613 was in 5-waves... and not 3. Plus, it hasn't corrected a prior directional move but moved to new highs - so can't be a corrective pattern.

Elliott Wave Trading

Top marks... It really is a logical process!

Harmonic Elliott Wave (HEW)

Ok... what I do is a range of things... - I will always have a view on both - what should happen next - and how it should happen (structure) - I will be looking to see whether the development is constructive in terms of my next targets - I will look ...

Harmonic Elliott Wave (HEW)

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Elliott Wave Trading

I'll reply later - quite tied up today...

Harmonic Elliott Wave (HEW)