And Italm, I suppose W3 does not have to be the longest wave but certainly it cannot be the shortest wave of the impulse and that what it was in your eur-jpy chart. Even if it could, it would never come size of that small as 2%, while your W1 was 98% of the impulse in your chart - if this rules is changed recently also, pretty much all waves can be located eveyrywhere and be come by any size . I know with commodites W5 tends to come prolonged and extended while W3 role is smaller but still, it´s just never shortest wave.
I am using for example software called EL-Wave, and it´s the core of it´s algorhytm how does it build different degrees that it will first find and spot all W3´s, once they´re found the rest of the waves are analyzed based for this fact.
Kaori,
Come on...admit it. Your not experienced with EW and your too proud to admit it. Either that, your you have A.D.D or someting. I think I mentioned...oh I don't know how many times already but Ill say it agian...THIS IS NOT AN IMPULSE. EARTH TO KAORI...STOP SAYING IMPULSE. THERE ARE MORE PATTERNS IN ELLIOTWAVE THAN IMPULSES!!!
We looking at a possible ending diagonal. I told you...Justy just told you as well. Its common for W3 to to be shorter than W1. much shorter...Im not talking truncated either...thats a totally different affair. W3 being short, THATS WHAT MAKES THE LINES CONVERGE INTO THE DIAGONAL SHAPE...FINE ...WE WILL USE WEDGE LIKE SHAPE. Maybe if I use language not part on the EW vocabulary, you might find it easier to comprehend.
Let just make something clear. Its not your naivite that bothers me. Its your arguments where your trying to make yourself out to be some sort of guru...using claims that don't make sence within the EW world. Why is it so hard for you to say you don't understand and ask someone for help. That what this forum is for. Someone like Mike who already has a grasp for the art of Elliot Wave and still sees the need to better himself. Pippin point something out to me before reagrding 5-3-5-3-5 shape like leading diagonal. I, like Justy, have only seen 3-3-3-3-3 diagonals. But I learned something I thanked him. Thats what its all about. We are here to share information. Were not here to expand our egos.
Now, however, I know why you are not capable of understand Elliot Wave to the degree of perhaps a real Elliottician. Elliott Wave requires thought. It requires insight...it requires intuition...something a software like the one your using will never help you develop. Until you keep letting the machine do your thinking for you, you will never have what it takes to comprehend the complexities of EW. The software is not programed to notice sideways actions such as complexe corrections and leading and ending diagonals. It just sees 5s and 3s in a single direction.
Just because your softweare is not capable of seeing an Ending Diagonal on the EurJpy chart, doesnt mean it's not there.
Now, however, I know why you are not capable of understand Elliot Wave to the degree of perhaps a real Elliottician. Elliott Wave requires thought. It requires insight...it requires intuition...something a software like the one your using will never help you develop. Until you keep letting the machine do your thinking for you, you will never have what it takes to comprehend the complexities of EW. The software is not programed to notice sideways actions such as complexe corrections and leading and ending diagonals. It just sees 5s and 3s in a single direction.
Italm , you forgot to mention that it requires lots practice .......
Come on...admit it. Your not experienced with EW and your too proud to admit it. Either that, your you have ADD or someting.
Well Italm, I am defefinetely not so experienced as most of those EW folks do - never had mentioned anything like that. I had done EW only since 2001 which is very short period, but those diagonals has allways worked well for me. Not even saying I am guru, but those are the reversal diagonals guidelines I had applied, I had done them perhaps a 300-600 during last 10 years and they just never fails.
Sure there is more pattern, double zigzags, triple zigzags, double and triple corrections, trees, flats, running corrections....etc. Not all the EW analysts apply everything, it´s pretty big theory my dear.
I hope you a good luck with your ending diagonal, just to be curious should it end something or does it lead - because this terminology really confused me ?
This is what I see. Ending Diagonal C wave. We should get a rally from this point on back to 140 levels to complete the diagonal.
Only a probabilty...not cast in stone
Kaori...I believe it to be an ending diagonal, not leading
Leading Diagonal (5-3-5-3-5/wave 1/continuation patterns)
Ending Diagonal (3-3-3-3-3)/ Termination patterns)
Leading Diagonal Triangle (5-3-5-3-5)??
Hey kaori,just got back to the spaceship...well,apparently you've been sold some wrong EW guidlines by the link you sent yesterday as the result you got bombarded by other astronauts...
but no worries,did you know Elliottisions possess extra Cosmic Intelligence?we're more than any other creatures(funny's and teckie's) connected to patterns of "The All"! (I am not on something,promise, although feel abit cosmosy today!)
here some evidence...see the spirals? that is the clue!
My fault propably, too many diagonals out there and too exotic for my taste to trade.
This starts to sounds fun, now again looking an ending diagonal which goes for same direction as current trend (I suppose it´s called end then, I would prefer to call it lead) .
I am more than convicted that I really going to stick with my own diagonals which are reversal patterns unless someone shows exact wave structure examples of these more exotic ideal diagonals where W3 is short as hell.
To be more exact, my stats shows 75-82% is the area you could expect the pattern to reverse (END the current direction!).
Stick with wedge and if your after good money is my advice still > bigger it is, bigger the turn will be. If you have good history .dat files, go back for year 2007, december 2007 to be exact and you will see massive size of years long wedges everywhere, most QQQQ stocks, Oil Stocks, FX pairs etc.
Btw. there´s also specific softwares available which recognice & scan this pattern automatically once it appears somewhere, then it´s easier to do & check waves manually.
This is what I see. Ending Diagonal C wave. We should get a rally from this point on back to 140 levels to complete the diagonal.
Only a probabilty...not cast in stone
Kaori...I believe it to be an ending diagonal, not leading
Thanks italm for earlier explanation...did someone talk about Leading Diagnoal Triangle?
kaori ... its simple... ending diagonals END such as an end of wave C or 5 ... and leading diagonals LEAD !! such as a wave 1 or A
Originally Posted by kaori
Come on...admit it. Your not experienced with EW and your too proud to admit it. Either that, your you have ADD or someting.
Well Italm, I am defefinetely not so experienced as most of those EW folks do - never had mentioned anything like that. I had done EW only since 2001 which is very short period, but those diagonals has allways worked well for me. Not even saying I am guru, but those are the reversal diagonals guidelines I had applied, I had done them perhaps a 300-600 during last 10 years and they just never fails.
Sure there is more pattern, double zigzags, triple zigzags, double and triple corrections, trees, flats, running corrections....etc. Not all the EW analysts apply everything, it´s pretty big theory my dear.
I hope you a good luck with your ending diagonal, just to be curious should it end something or does it lead - because this terminology really confused me ?
Here´s Italms account - just spend some moment with this because got curious of the relations of the wave sizes which has been allways most important for me.
I still cannot breake this W3 internally for impulse, but W2 takes it very clearly, but no more comments for it from me. Relation between the W1 and W3 is 1,72 - so, are you guys looking similiar size of W5 for this also as W3 ?
At least there´s damn big HS pattern, looks more as double zigzag for me or something similiar.
My fault propably, too many diagonals out there and too exotic for my taste to trade.
This starts to sounds fun, now again looking an ending diagonal which goes for same direction as current trend (I suppose it´s called end then, I would prefer to call it lead) .
I am more than convicted that I really going to stick with my own diagonals which are reversal patterns unless someone shows exact wave structure examples of these more exotic ideal diagonals where W3 is short as hell.
To be more exact, my stats shows 75-82% is the area you could expect the pattern to reverse (END the current direction!).
Stick with wedge and if your after good money is my advice still > bigger it is, bigger the turn will be. If you have good history .dat files, go back for year 2007, december 2007 to be exact and you will see massive size of years long wedges everywhere, most QQQQ stocks, Oil Stocks, FX pairs etc.
Btw. there´s also specific softwares available which recognice & scan this pattern automatically once it appears somewhere, then it´s easier to do & check waves manually.
To me,making the machine do the EW work for you is like asking someone to have --- with the girl you fancy.you do nt get the touch,the pleasure.
to me,EW is a personal affair.its a dynamic friendship that can guide someone through life for a lifetime.
as italm said,EW is an art...
computer can not substitute the human intelligent specially when it come to EW analysis (even if you find the best machine ever still you miss the challenge,the fulfilment of catching a wave and bigger of all you miss the chance to get to know yourself better!
I think this is where so many Elliottision fail in the markets because they think of EW analysis soley as a money-making mechanism...but everyone knows there is way way more into the EW world...but no one bothers to pursue those other benefits.
so I think this is where the real difference emerges....it is in the "philosophy" of each one of us...
I'm also looking forward to what you posted on that pair , not sure if i totally agree with your count you posted. but the ending diagonal looks good to me.... just have to see how this next move up develops...
Originally Posted by italm31
Kaori,
Come on...admit it. Your not experienced with EW and your too proud to admit it. Either that, your you have A.D.D or someting. I think I mentioned...oh I don't know how many times already but Ill say it agian...THIS IS NOT AN IMPULSE. EARTH TO KAORI...STOP SAYING IMPULSE. THERE ARE MORE PATTERNS IN ELLIOTWAVE THAN IMPULSES!!!
We looking at a possible ending diagonal. I told you...Justy just told you as well. Its common for W3 to to be shorter than W1. much shorter...Im not talking truncated either...thats a totally different affair. W3 being short, THATS WHAT MAKES THE LINES CONVERGE INTO THE DIAGONAL SHAPE...FINE ...WE WILL USE WEDGE LIKE SHAPE. Maybe if I use language not part on the EW vocabulary, you might find it easier to comprehend.
Let just make something clear. Its not your naivite that bothers me. Its your arguments where your trying to make yourself out to be some sort of guru...using claims that don't make sence within the EW world. Why is it so hard for you to say you don't understand and ask someone for help. That what this forum is for. Someone like Mike who already has a grasp for the art of Elliot Wave and still sees the need to better himself. Pippin point something out to me before reagrding 5-3-5-3-5 shape like leading diagonal. I, like Justy, have only seen 3-3-3-3-3 diagonals. But I learned something I thanked him. Thats what its all about. We are here to share information. Were not here to expand our egos.
Now, however, I know why you are not capable of understand Elliot Wave to the degree of perhaps a real Elliottician. Elliott Wave requires thought. It requires insight...it requires intuition...something a software like the one your using will never help you develop. Until you keep letting the machine do your thinking for you, you will never have what it takes to comprehend the complexities of EW. The software is not programed to notice sideways actions such as complexe corrections and leading and ending diagonals. It just sees 5s and 3s in a single direction.
Just because your softweare is not capable of seeing an Ending Diagonal on the EurJpy chart, doesnt mean it's not there.
"To me,making the machine do the EW work for you is like asking someone to have --- with the girl you fancy"
Very funny ! That´s definetely impossible Mike, but they helps if your catalog of the prodcuts is wide you follow - I have for example for myself x1.618 size recogntion more previous price size, the odds that we´re dealing with W3 top is pretty high (or C) to go for manual working after such an issue. There´s actually 2 EW software which works well; Elliotican and Advanced Get.
Scanning patterns itself like wedges (digonals) does not need waves recognice.
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Originally Posted by Sean Hyman
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