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10-16-2009, 06:15 PM
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Posts: 4,488
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Kaori ---i am not a pattern trader ////////////
( but if you believe you found a diamond pattern , then --- just believe in it )
I am trader that believes in the importance of Averages
that's the type of trader I am
Averages like i explained this week
meaning you win some trades and you loose some trades
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whenever you think of marketwavez just think, thats the guy that trades with
the understanding of Averages and the importance of posting a result chart ......
///////////////////////////////////////////////////////////////////////////////
your result chart is your best friend in here ........
especially if you are new at all this
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tomorow is Saturday ........ Its Library day and Boosktore day
the answer to all you questions are in there , and its free
-------------------------------------------- ------------------ -----------------
Last edited by marketwavez2; 10-16-2009 at 06:22 PM..
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10-16-2009, 06:19 PM
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Kaori
if you made 10 trade set up charts this week ,,,,
and you used Gartley , Elliott waves , Wolf waves , Trendlines , Moon cycles , Flipping a coin or the Roll of dice
what is important is how many were Winners and how many were Losers out of the 10 trade set-ups
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this is all about Probability !
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Last edited by marketwavez2; 10-16-2009 at 06:34 PM..
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10-16-2009, 06:37 PM
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Posts: 4,488
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Quote:
Originally Posted by mike3gdc
you emailed me an attached excell photo NOT excell sheet...please re-email me.cheers
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ok i am re emailing it to you right now .........
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10-16-2009, 06:37 PM
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Hmmmm,
Slightly disagree marketwave, it´s all about RR. If you have 7 trades which each ending to be wrong one and lost 10 pips and then you have 3 generating 300 pips each.
Interesting that you´re mentioned your not pattern trader - allmost every chart I had saw from you are marked as HS or diamonds.
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10-17-2009, 01:15 AM
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Join Date: Dec 2007
Posts: 1,625
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Quote:
Originally Posted by kaori
Slightly disagree marketwave, it´s all about RR. If you have 7 trades which each ending to be wrong one and lost 10 pips and then you have 3 generating 300 pips each.
Interesting that you´re mentioned your not pattern trader - allmost every chart I had saw from you are marked as HS or diamonds.
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Plus, from a practical standpoint Elliott Wave is all about pattern recognition. That's what we're doing when we are applying Elliott Wave analysis to price charts... We're looking for those six basic patterns. So of course he's a pattern trader...
Last edited by justy10125; 10-17-2009 at 01:26 AM..
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10-17-2009, 01:24 AM
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Quote:
Originally Posted by Ilovepippin
The 1.70 top is very very debatable as far as an impulse count goes, so I would not rule out an irregular top.
The decline to 1.57 could be counted as a dzigzag or (but less likely) a diagonal. Not as a 5 wave impulse.
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I assume that the diagonal you are referring to is what's shown on the chart below? One of the rules of contracting diagonals states that wave (3) is always shorter than wave (1). In the chart posted below that isn't the case, which makes the diagonal an invalid interpretation of price action.
So if it isn't an impulse and it isn't a diagonal, then it must be a corrective wave structure... |
10-17-2009, 05:12 AM
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Posts: 322
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Cable!
Hello Justy,
I am working on the fibo levels on cable and i was wondering if you can post a longer term chart going back?.
My chart goes back to 1987.
I need to know know if cable was ever below 1.30 level?
The more i look at the decline from 1.7043 more overlap i see.
The other aspect is the decline from 1.7045 to 1.5707 is 38.2% Ret of the r
rally from Jan,09 to Aug,09 (1.3516 to 1.7045)!!!!
I thank you in advance for posting a longer term chart!
Ed,
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10-17-2009, 05:35 AM
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Member
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Join Date: Sep 2007
Posts: 53
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GBPUSD
Quote:
Originally Posted by forex friend
Hi
In your chart in your wave (1) of your 3rd wave, you have wave 4 overlapping wave 1, although you have not labelled it.
JJ
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Thank you.
I have worked these wave counts on a 1 hr chart - looks valid to me.
Please check and let me know what you think.
But, I am also concerned the whole structure off 1.7041 could be an ABC,
in view of the Fib proportions ...... |
10-17-2009, 05:46 AM
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Posts: 404
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GBP USD
Quote:
Originally Posted by Edward16
Hello Justy,
I am working on the fibo levels on cable and i was wondering if you can post a longer term chart going back?.
My chart goes back to 1987.
I need to know know if cable was ever below 1.30 level?
The more i look at the decline from 1.7043 more overlap i see.
The other aspect is the decline from 1.7045 to 1.5707 is 38.2% Ret of the r
rally from Jan,09 to Aug,09 (1.3516 to 1.7045)!!!!
I thank you in advance for posting a longer term chart!
Ed,
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Hi Ed
Here is the chart that you want:
Last edited by freelancer; 10-17-2009 at 05:49 AM..
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10-17-2009, 05:50 AM
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Member
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Join Date: Sep 2007
Posts: 53
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GBPUSD Long-term chart
Quote:
Originally Posted by Edward16
Hello Justy,
I am working on the fibo levels on cable and i was wondering if you can post a longer term chart going back?.
My chart goes back to 1987.
I need to know know if cable was ever below 1.30 level?
The more i look at the decline from 1.7043 more overlap i see.
The other aspect is the decline from 1.7045 to 1.5707 is 38.2% Ret of the r
rally from Jan,09 to Aug,09 (1.3516 to 1.7045)!!!!
I thank you in advance for posting a longer term chart!
Ed,
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I have a low of 1.0345 in Feb 1985. |
10-17-2009, 07:15 AM
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Member
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Join Date: Jul 2008
Posts: 322
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Cable!
Quote:
Originally Posted by freelancer
Hi Ed
Here is the chart that you want:
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Thank you freelancer!!
Looking at this chart convinced me the whole decline from 1.7042 is ABC corrective as i suspect and we should buckle up for rally to 1.73-1.84 and that goes well with my GbpJpy count calling for rally to 181-200 level.
Time frame for this rally is by Jan,10.
I will post a chart later.
Ed |
10-17-2009, 07:18 AM
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Member
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Join Date: Jul 2008
Posts: 322
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Quote:
Originally Posted by Mageroi
Thank you.
I have worked these wave counts on a 1 hr chart - looks valid to me.
Please check and let me know what you think.
But, I am also concerned the whole structure off 1.7041 could be an ABC,
in view of the Fib proportions ......
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Hi Mageroi,
Your wave (iv) is too small compare to wave (ii). Also doesn't respect the chanelling.
Ed,
Ed, |
10-17-2009, 07:21 AM
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Join Date: Jul 2008
Posts: 322
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Cable!
Quote:
Originally Posted by Mageroi
I have a low of 1.0345 in Feb 1985.
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I thank you Mageroi for the chart!
Ed, |
10-17-2009, 07:30 AM
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Posts: 1,144
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update to the trade...
hope to get a final thrust to the upside before we come back to the 144-6 area..
Last edited by qsx; 10-17-2009 at 08:49 AM..
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10-17-2009, 07:37 AM
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Member
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Join Date: Mar 2008
Posts: 1,459
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Quote:
Originally Posted by justy10125
I assume that the diagonal you are referring to is what's shown on the chart below? One of the rules of contracting diagonals states that wave (3) is always shorter than wave (1). In the chart posted below that isn't the case, which makes the diagonal an invalid interpretation of price action.
So if it isn't an impulse and it isn't a diagonal, then it must be a corrective wave structure...
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Yes, that pretty much rules it out. Also the fact that wave 5 did not reach the bottom of the channel was very suspicious.
That could imply that the 1.70 top is not a top but that this was an expanded flat, or irregular top. |
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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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