Thread: Elliott Wave Trading Discussion

Further to the EUR/CHF, here is an update to the list of possibilities. The two bullish counts (labeled as zig/zag and flat) are the most probable right now.

Originally Posted by marketwavez2

but what about Robert Miner's accomplishments ? ,,,,,,

What you are saying about Pretcher can be equally said of Robert Miner
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of course they all have their individual accomplishments ,,,, and , yes Neely is the newest in the bunch

but the bottom line is that
all 3 of these guys , Pretcher , Miner, and Neely, all took from the original writings of Mr.Ralph Nelson Elliott

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this is the point I'm addressing ---
Pretcher , Neely , and Miner did not create Elliott Waves ,,,, that's the whole point here

It's not that one of these guys is better or worse than the other
No ! ........... thats not what this is about ,

So let us not haggle over who is better or worse

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people are quick to say


again ,
the only way to truly know Elliott Waves is to read the writings of Mr. Nelson Elliott that was written by his own hand
Mr. Nelson Elliott wrote many Papers about his discoveries of the wave principle before he died ............
( and he published a newsletter )

i assure you that all three of these guys ---- Pretcher , Neely , and Miner, has read the original writings ........

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Robert Miner I don't know; did not come across his work.
I will trust you that he is good and will try to find more about him.
Recently, there have been a real flood of various new names and new institutions trying to capitalize on the EW Principle and EW name.
Are they usurpers? Pretenders? Trend followers?
They all have one commen denominator: Trying to sell you some information for huge bucks.
But honmestly, on this Forum there is better info for free than the one that you can buy for cash from some half-cooked elliotticians

Originally Posted by sel

Yes, yes Big Mike, a beautiful picture.....
I would you like to discuss with you about this issue ...
Unfortunately, it is 02:27 at night here. The head is full, hopefully the bags will not soon be empty.
Could you kindly organize a same graphic from the year 2000 until today and put it in the forum.
Then it is only exciting ...
Cheerio

I put nasdaq 2000 on the same chart, side by side.
Fortunately or not, I can see the same pattern in DOW right now.

Originally Posted by Big Mike

Robert Miner I don't know; did not come across his work.
I will trust you that he is good and will try to find more about him.
Recently, there have been a real flood of various new names and new institutions trying to capitalize on the EW Principle and EW name.
Are they usurpers? Pretenders? Trend followers?
They all have one commen denominator: Trying to sell you some information for huge bucks.
But honmestly, on this Forum there is better info for free than the one that you can buy for cash from some half-cooked elliotticians

Robert Miner's stuff on time and price analysis is pretty good, but he has a very misguided view of the Elliott Wave theory. In my opinion his application of the Wave Principle is sloppy and incorrect. But again, his stuff on time and price analysis is worth checking out if you are interested.

Originally Posted by Andy K

Hey Brad

I am currently long cable from a near term perspective - I posted an inverse head/shoulders a few pages back.

I also have a similar count to yours calling for the completion of 5 ofC higher up over the coming weeks.

However..... I wanted you to take a look at an alternative (posted below). I know Jamie S. is wondering whether we have already had a truncated 5 of C because that wave breaks down into 5 subwaves.

I am really interested in how you derive your Elliott channel. I have shown one below that assumes wave 1 was a leading diagonal (the subdivisions look good on a smaller timeframe). You can see wave 4 was then neatly rejected at the channel bottom.

Also wave 5 is about 61% of wave 1.

We are now testing the underside of this channel.

The difference with yours is you are labelling top of wave 1, where I have wave i of 1. Could you perhaps show us the breakdown of your count in this region and why it would be preferred to the count I depict. Thanks.

Andy... Here's how I see wave 1 of "C" in Cable.... What you have labelled as a leading diagonal does not look like a leading diagonal and also your channelling doesn't look correct to me.... I got my channel lines by connecting a line from my wave 1 top to the wave 3 top and then cloned that line and connected it to the wave 2 low to form the rising line under price action....

I'm looking for a few more days of sideways consolodation before we see price start to move upward again....

GBPUSD 8 Hour Chart

And

GBPUSD Daily Chart

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brad, weird to see you count something below the dailies, and your count doesnt not look correct to me, as well:

your fifth wave is very clearly a irregular correction, and is by no means part of a impulse.

not to mention your daily count where you simply put A, B and then a mega C in both price and time - kind of weird for a correction, isnt it.

May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a “ 100 And 200 MVA Cross Over. So May be It will Jump Very well Soon. Before there has Little About The Volume So Less were Now It is Good In Daily Chart Time Frame...








Now it The Monthly Chart as you can see, The Fabo 61.8%. are the Just of The Open of the GBP/JPY currency Pair. And It could Be the Resistance of the Gbp/Jpy. So Maily It hit From there and Move Back As you can see Then It touch The 150.00 LEVEL so Move Back To the New Trend.



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No worry, Give Tension take Observation.

Originally Posted by Xiao

May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a “ 100 And 200 MVA Cross Over. So May be It will Jump Very well Soon. Before there has Little About The Volume So Less were Now It is Good In Daily Chart Time Frame...










Now it The Monthly Chart as you can see, The Fabo 61.8%. are the Just of The Open of the GBP/JPY currency Pair. And It could Be the Resistance of the Gbp/Jpy. So Maily It hit From there and Move Back As you can see Then It touch The 150.00 LEVEL so Move Back To the New Trend.



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No worry, Give Tension take Observation.

and this has what do do with EW?

there are forums for your clouds but this is not one of them.

good luck

Had a very busy week last week and kind of lost count, but it looks like we have a series of 3:3:3 corrections, something like this:

[QUOTE=Xiao;300737][SIZE="3"]May be It is touching The Ichimoku Cloud. If You See Carefully First Was Touched @139.27 And 2nd @ 144.44 Now I am Seeking That It Can Possible That Gbp/Jpy Can touch The 3 Support By Ichimoku Cloud @157.76. So As All Flowing Founds Of Gbp/Jpy. It is very Beautiful Pair and Also Soon Can touch as his Fabo 61.8% @ 178.25. So This Is not End Of My Opinion If You see There Can Be a “ 100 And 200 MVA Cross Over.


[SIZE="3"]



At this time I would be careful with any japanese crosses.
Given the terrible bearish look of CHFJPY and CADJPY with USDJpY not far behind, I would not support bullish case for any japanese crosses, as they all move in a similar pattern.
Simply, I do not see one japanese cross bullish and another bearish.
They all move pretty much in a lockstep

ILOVEPIPPIN,

As much as I like your count on EUR-USD man, i think we're going up as well.
Check this trendline on hourly.
Best regards

Originally Posted by justy10125

Robert Miner's stuff on time and price analysis is pretty good, but he has a very misguided view of the Elliott Wave theory. In my opinion his application of the Wave Principle is sloppy and incorrect. But again, his stuff on time and price analysis is worth checking out if you are interested.

I looked at his website Dynamic Trading. He offers several courses; each course is made of 6 or more CD's.
Personally, I am avoiding information overflow. But, it is me.
There are too many so-called systems on the market; some automated, some manual.
I tried 3 recently. They all cost me money. For once, the purchase cost and laRGE TRADING LOSSES.
So, I rather focus on my own interpretation of Elliott; recently I staretd adding japanese candlesticks from time to time. Mostly, following Brad examples and his charts.
Learning is a life long process. There are no miracle sysytem that will make you an instant millionaire. Quite the opposite, most trading systems promising millions in return will drive a gullible trader into bankruptcy.
You ned to be very specific, disciplined and independently thinking.
After all, it is your money and only you are responsible.

Originally Posted by AV1

ILOVEPIPPIN,

As much as I like your count on EUR-USD man, i think we're going up as well.
Check this trendline on hourly.
Best regards

i support your rationale.
See my chart below with graphic description on the daily scale.
Personally, i am long since 1.38 and 1.39 (2 positions)

Originally Posted by Big Mike

I looked at his website Dynamic Trading. He offers several courses; each course is made of 6 or more CD's.
Personally, I am avoiding information overflow. But, it is me.
There are too many so-called systems on the market; some automated, some manual.
I tried 3 recently. They all cost me money. For once, the purchase cost and laRGE TRADING LOSSES.
So, I rather focus on my own interpretation of Elliott; recently I staretd adding japanese candlesticks from time to time. Mostly, following Brad examples and his charts.
Learning is a life long process. There are no miracle sysytem that will make you an instant millionaire. Quite the opposite, most trading systems promising millions in return will drive a gullible trader into bankruptcy.
You ned to be very specific, disciplined and independently thinking.
After all, it is your money and only you are responsible.

Big Mike.... You are very correct, you must be an independant thinker and ignore all others when it comes to your trading... Seek out opinions from others and as much other information you may need to help in your decisions, but sift through all the information with a grain of salt and then take a look at price action and rationalize for yourself... Candlesticks are a great tool to have as well.... I always tell any trader to get your hands on as much candlestick knowledge as possible from Steve Nison's website at CANDLECHARTS - STEVE NISON ---//--- He is the candle master and the information you can learn from his teachings is invaluable and worth every penny....

Originally Posted by qsx

brad, weird to see you count something below the dailies, and your count doesnt not look correct to me, as well:

your fifth wave is very clearly a irregular correction, and is by no means part of a impulse.

not to mention your daily count where you simply put A, B and then a mega C in both price and time - kind of weird for a correction, isnt it.

Hi there Q... That daily chart was actually one of two different scenarios I had already posted for GBPUSD in here a little earlier... I really have doubts about wave 5 extending as high as that chart shows... From a longer term range perspective I think there's a really strong reversal point around 1.7150 .... Also the 161.8 Fib Extension of wave "A" is at 1.7386 (not far off) ... With the 100.0 extension showing only temporary resistance I think its real likely price extends higher from here and reverses from the 161.8 extension..... So I'm watching 1.7386 very closely for a reversal...