- Search Forex Factory
- magictrader replied Jan 17, 2010
Yes
Elliott Wave Trading, flexibility is the key. Most of traders think that if Theory says that after 1234 have to be wave 5 and they open positions and there is no wave 5 they said that this Theory is wothless
. The most important thing is, that in different ...
- magictrader replied Jan 17, 2010
EURUSD H4 — Remember on higher degree possibility. Waves always endeavour to higher degree waves, so not always subwaves are ok, but big picture is. In big picture this could be still irregular correction because new top was made in three ...
Elliott Wave Trading
- magictrader replied Jan 15, 2010
Yes, that is the rule, but if you can see something like triangle in possible 2nd wave it could be also something like this
Elliott Wave Trading: It's very easy to make a mistake here.
- magictrader replied Jan 14, 2010
EURJPY m30 — I know it's after the move, but EURJPY was really great to count
Elliott Wave Trading.
- magictrader replied Jan 13, 2010
USDCHF H8 — It's very interesting situation because on highly correlated pairs like EURUSD and USDCHF we've got two different possibilities. On EU it still looks like 1234 and now maybe 5 downside, but on USDCHF we have something like ABC
Elliott Wave Trading.
- magictrader replied Jan 13, 2010
EURUSD m5 — Possibly first impulsive wave to the downside...
Elliott Wave Trading
- magictrader replied Jan 13, 2010
Bye Bye EUR
Elliott Wave Trading— Looks like massive drop could happen on EU (maybe to 1,41).
- magictrader replied Jan 11, 2010
EURUSD H1 — Maybe the last possibility for EU to go down...
Elliott Wave Trading
- magictrader replied Jan 10, 2010
Yes, this rule 0-2 line is really helpful, but sometimes subwave 2 of wave 3 touches it and count is still valid. But most of the time true 0-2 line is untouchable which is very logic concept, because wave 3 should be most impulsive wave which is ...
Elliott Wave Trading
- magictrader replied Jan 6, 2010
I've just label it like that
Elliott Wave Trading. Maybe it should be WXY like complex correction, then everything should be ok
.
- magictrader replied Jan 4, 2010
EURUSD m30 — b, c possibly left and bigger C finish triple abc correction...
Elliott Wave Trading
- magictrader replied Dec 28, 2009
Hi, I don't read every page of it, but I like the channeling part and with labeling extensions and one with alternate counts (10, 11, 12 chapter). It's not easy book
Elliott Wave Trading.
- magictrader replied Dec 28, 2009
Irregular correction — Here is some thought about irregular correction. Maybe it will help for better labeling. I think irregular appears more often then we think... This is the version where wave 5 do not go below the low, but it goes below ...
Elliott Wave Trading
- magictrader replied Dec 26, 2009
Thanks. I've learned it from Glenn Neely's book "Mastering Elliott Wave" and it's very helpful
Elliott Wave Trading. Possibility on GU H4: