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08-31-2009, 10:36 AM
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Interesting Article..
__________________
If everyone is thinking alike, then somebody isn’t thinking...
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08-31-2009, 10:51 AM
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Quote:
Originally Posted by ajcody
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Great Article, especially the last line:
"...such reforms [are] obvious manifestations of an extreme attitude about entitlements to comfort and support that may not have existed in history except perhaps in the late Roman Empire."
and we all know how that turned out! |
08-31-2009, 11:08 AM
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update2... veery tempted to take profits.
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08-31-2009, 11:13 AM
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Quote:
Originally Posted by justy10125
The CHF/JPY is testing the neckline of a Head-And-Shoulders pattern and could be getting ready to drop lower.
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Have you looked at the Carry Trade?
Here is a chart of the Nikkei, I think their economy is about to improve. |
08-31-2009, 11:15 AM
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Quote:
Originally Posted by italm31
Exactly!
EWI just uses their own method to illustrate subdivions within certain degree of waves. Its not a necessity to understand their method. As long as you your self can illustrate first, what wave your trading and second, the subdivions within that wave. When you start getting into the subdivisions within the subdivisions, within those subdivision, that might get you into trouble. Keep it as simple as possible. I browse the monthly and weekly, but I obviosly dont trade the weekly. I will lable the weekly, daily and 4hr. More than that, and I feel Im trying to play God. (Believe me, God does not like it when you try to mimic him  )
PS Its rare Prechter himself will label more than 2 degrees within his own charts. |
Here is what I use: |
08-31-2009, 11:28 AM
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Quote:
Originally Posted by Ilovepippin
Have you looked at the Carry Trade?
Here is a chart of the Nikkei, I think their economy is about to improve.
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I think the Nikkei is going to decline in the same fashion as the American stock markets. The decline from the 2007 top in the Nikkei has the same structure as the DOW, so that correlation will probably continue as both markets fall together. |
08-31-2009, 11:39 AM
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Right....
Quote:
Originally Posted by Ilovepippin
Here is what I use:
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That is very close to the book.
Thanks |
08-31-2009, 11:49 AM
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Except....
Quote:
Originally Posted by justy10125
Just label your charts in a way that makes sense. The important thing is that your message is depicted clearly in a way that people understand when reading your posts, rather than whether or not you use upper or lower case letters.
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I thought we were trying to adhere to the Rules of Elliott Wave Theory. If we all label the Waves differently it adds to the confusion of interpreting the charts, irregardless of the Time Frame. You may know what you mean, but the others here may interpret that chart differently.
I believe you even questioned the chart in question about the labeling!
This is just my opinion, but I think we should strive to use one 'standard' of nomenclature, otherwise it's misleading!
Just my opinion........ not trying to 'rock the boat'.
Jk. |
08-31-2009, 12:13 PM
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:: 31.08.2009 :: 14:15 :: gbpusd ::
buy @ 1,6195 :: stop 1,6120 (-75 pips INITIAL) :: target >1,63
result :: 20:10 :: +89 pips // stopout at 1,6284
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08-31-2009, 12:33 PM
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Quote:
Originally Posted by qsx
:: 31.08.2009 :: 14:15 :: gbpusd ::
buy @ 1,6195 :: stop 1,6120 (-75 pips INITIAL) :: target >1,63
result :: 20:10 :: +89 pips // stopout at 1,6284
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congratulations !
or, qsx, should i say something else ?
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08-31-2009, 12:44 PM
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GBPJPY
What is the beast up to these days...  |
08-31-2009, 12:45 PM
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Quote:
Originally Posted by qsx
:: 31.08.2009 :: 14:15 :: gbpusd ::
buy @ 1,6195 :: stop 1,6120 (-75 pips INITIAL) :: target >1,63
result :: 20:10 :: +89 pips // stopout at 1,6284
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Man, you should have taken at least 90 pips |
08-31-2009, 12:50 PM
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Quote:
Originally Posted by Ilovepippin
Man, you should have taken at least 90 pips |
now thats constructive criticism!
ravno, you should do the same
in fact, targets not hit once again. maybe should have taken half for 100.
back to markets... i am watching cable for a short entry above 1,63 now.. a very clear :5 down.
Last edited by qsx; 08-31-2009 at 12:56 PM..
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08-31-2009, 01:00 PM
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Quote:
Originally Posted by qsx
now thats constructive criticism!
ravno, you should do the same
in fact, targets not hit once again. maybe should have taken half for 100.
back to markets... i am watching cable for a short entry above 1,63 now.. a very clear :5 down. |
yeah, learning by doing, could be good approach at times... |
08-31-2009, 01:02 PM
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Quote:
Originally Posted by JKnPA
I thought we were trying to adhere to the Rules of Elliott Wave Theory.
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The way you label the charts are not part of the rules. The 3 golden rules remain the 3 golden rules. Justy does not break them because he does not use the exactly labeling EWI uses. Wave 3 wether its written like that or like this (3), III, iii is still a wave 3. As long as its clear and consise. My charting software does not allow me to put circles around my numbers. Should I then quit EW?
Fact of the matter is if you have weekly chart and see 5 clear waves and have 1,2,3,4,5 labeling, I dont think the what degree would be an issue. Everyone would understand by the time frame of the chart.
Last edited by italm31; 08-31-2009 at 01:07 PM..
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Tags
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5 waves, abc, corrective, count, elliott wave, ewi, extension, fib, fibonacci, impulse, prechter, retracement  |
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