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Thread: Elliott Wave Trading Discussion

  1. #27781
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    Quote Originally Posted by justy10125 View Post
    This goes along with my point to pippin. Why do you suppose that EWI does not give price targets with their service? It might have something to do with the fact that Elliott Wave is not a trading system. All Elliott Wave is is a description of how markets work. So all EWI is doing with their service is to help subscribers pinpoint where the market is within the EW structure. It's up to the trader how to interpret that information and to make their trading decisions based on their own trading plan.

    If you actually read his website, he will tell you exactly what you pay for. He says that all his service does is give a wave-count on where the market might be headed.
    Pretchers signal service a con ...... Justy ,

    a signal service is to have a Track Record ---- otherwise it is not a signal service !

    ========================================================== ============

    People can come here and many other places an get where traders think the market is headed for free

    and what you are saying about people having their own trading plan is what ive been saying all along ,
    yet there are many like yourself has chastised me for saying just that ! ........

    i have constantly enocourged people in here including you to go out and find a money management plan of your own

    =========================================================== ===========
    No matter what wave count you think is happening wether it be mine your s or someone elses
    you ultimately have to decide where to get in and where to exit , on your own
    Last edited by marketwavez2; 09-03-2009 at 11:57 PM.

  2. #27782
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    Quote Originally Posted by justy10125 View Post
    I am not insulting Cmellons work. If you read what I wrote, you'll notice that I said Miner's application of ELLIOTT WAVE was sloppy. You actually have to read what I wrote though, and not put words in my mouth that I didn't say. When you read Miner's book you see that his application of EW is indeed sloppy. He openly admits that he doesn't follow the rules that dictate EW pattern formation. He goes on look. That's sloppy.
    you are talking about Robert miners work ..... Ellliott Waves work , yes
    but you insult Robert Miner work and his students by saying that it is sloppy .......

    Cmellon is a Robert Miner student

    I have much love for C mellons hard work that he contributes in here
    Last edited by marketwavez2; 09-03-2009 at 11:49 PM.

  3. #27783
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    Quote Originally Posted by marketwavez2 View Post
    you are talking about Robert miners work ..... Ellliott Waves work , yes
    but you insult Robert Miner work and his students by saying that it is sloppy .......

    Cmellon is a Robert Miner student

    I have much love for C mellons hard work that he contributes in here
    Again, you didn't even read what I said. I did not say CMellon's work was sloppy. If you read his posts on this forum you'll see that he always talks about Delta analysis. If you read what I wrote about how I think Miner's application of Elliott Wave analysis is sloppy, it's clear that there is no comment on Cmellons Delta analysis. But in order to see that clear distinction, you actually have to read the words I write. For some reason that concept is lost on you though as you never read what a person writes. Your responses are always irrelevant to the conversation at hand.

    At any rate, I'm bored with this conversation and Ilovepippen seems to have left and so that discussion is over as well.

    I'm going on vacation for a few weeks so I'll talk to you all later. Good luck with your trades.

  4. #27784
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    Quote Originally Posted by justy10125 View Post
    Again, you didn't even read what I said. I did not say CMellon's work was sloppy. If you read his posts on this forum you'll see that he always talks about Delta analysis. If you read what I wrote about how I think Miner's application of Elliott Wave analysis is sloppy, it's clear that there is no comment on Cmellons Delta analysis. But in order to see that clear distinction, you actually have to read the words I write. For some reason that concept is lost on you though as you never read what a person writes. Your responses are always irrelevant to the conversation at hand.

    At any rate, I'm bored with this conversation and Ilovepippen seems to have left and so that discussion is over as well.
    again a i repeated what you said that Robert Minres Elliott Waves work i szsloppy ...... which means you insult robert Miner ans his students

    including cmellon ........

    I'm going on vacation for a few weeks so I'll talk to you all later. Good luck with your trades.
    again ,
    i have repeated what you said that Robert Mines Elliott Waves work is " sloppy "......

    which means that you are insulting Robert Miner and his students ,,,,,, including Cmellon ........
    Last edited by marketwavez2; 09-04-2009 at 12:05 AM.

  5. #27785
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    Quote Originally Posted by marketwavez2 View Post
    again ,
    i have repeated what you said that Robert Mines Elliott Waves work is " sloppy "......

    which means that you are insulting Robert Miner and his students ,,,,,, including Cmellon ........
    No, it means I'm saying robert miner's application of EW is sloppy. That doesn't mean that the people who read his book apply EW in the exact same way. There is no correlation to Miner and Cmellon.

    I'm done with this conversation. If you'd like to talk about something real that has to do with EW, then that's great. Otherwise, I'm done sending the same comments back and forth.

  6. #27786
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    EURCHF - Bullish Count

    Gang,

    I believe a few of us have been watching and wondering about this pair for a while. Here is a bullish count.

    With the insane price action of tomorrow's NFP, I'm long a small position with a stop at 8600. If the count is right, we could see pairity (1.00) in the next couple of months....1500 big pips.


    I gotta have more cowbell!!!
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-eur-chf-9-3-09.jpg  

    Attached Images Attached Images  

  7. #27787
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    Complex Corrections

    Hey Xiao,

    Here is a diagram of complex corrections. The one on the left is showing a double-three, which is labeled W-X-Y. It is two zig/zags (a-b-c) separated by a three-wave move labeled (X). So when you put it all together, you get W-X-Y. The triple three is the same except that it is three corrections put together.

    Again, pages 52-54 of your EWP book will explain this as well.
    Attached Images Attached Images  

  8. #27788
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    Quote Originally Posted by Zero Gravity View Post
    Gang,

    I believe a few of us have been watching and wondering about this pair for a while. Here is a bullish count.

    With the insane price action of tomorrow's NFP, I'm long a small position with a stop at 8600. If the count is right, we could see pairity (1.00) in the next couple of months....1500 big pips.


    I gotta have more cowbell!!!

    that's a eur/gbp chart

  9. #27789
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    Quote Originally Posted by justy10125 View Post
    Hey Xiao,

    Here is a diagram of complex corrections. The one on the left is showing a double-three, which is labeled W-X-Y. It is two zig/zags (a-b-c) separated by a three-wave move labeled (X). So when you put it all together, you get W-X-Y. The triple three is the same except that it is three corrections put together.

    Again, pages 52-54 of your EWP book will explain this as well.

    yes thank you very much For explanation Justy...


    And As Well The Four types Tree if the contracting,,,

    thanks

  10. #27790
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    ok, i read over all your philosofical talk about diagonals, theories, truncations, miner etc.. and decided i will stay away.
    justy, i will not answer your questions from yesterday.
    everyone is free to his own opinion/concepts/ideas, and may post them here if they are relevant to (any form of) elliot wave (concepts).

    good luck to all of you, and have a nice vacation justy - you probably deserve it after that time in the middle east
    we will be looking forward to your objective analysis when you come back.
    may i ask with what open positions you leave?

  11. #27791
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    Quote Originally Posted by qsx View Post
    ok, i read over all your philosofical talk about diagonals, theories, truncations, miner etc.. and decided i will stay away.

    may i ask with what open positions you leave?
    It's really a shame that people discourage discussion. That's where the best learning is found, but ohwell...

    Open Trades:

    -Long EUR/USD
    -Entry - 1.4264
    -Stop - 1.4045
    -Target #1 - 1.4658
    -Target #2 - Open

    -Long EUR/JPY
    -Entry - 131.71
    -Stop - 126.99
    -Target #1 - 142.53
    -Target #2 - Open

    -Short EUR/GBP
    -Entry - 0.8755
    -Stop - 0.9256
    -Target #1 - 0.8398
    -Target #2 - 0.8279

  12. #27792
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    to me it looks as if we are damn close to completing very significant patterns over the weekend.

    interesting this just coincides with that:

    Quote Originally Posted by mike3gdc View Post

    Quote Originally Posted by FT
    This weekend, the Group of 20 will gather in London to move forward on reforms to put our global financial system on firmer ground. President Barack Obama has outlined a new regulatory framework that promotes stronger protections for consumers and investors and greater financial stability. Making the system safer requires a comprehensive approach including tougher regulation of derivatives, securitisation markets and credit rating agencies, new executive compensation standards and, critically, more powerful tools for governments to wind down firms that fail. We are working with our partners to ensure similar reforms are put in place around the world.
    Attached Thumbnails Attached Thumbnails Elliott Wave Trading Discussion-eurusd2h.jpg  

    Elliott Wave Trading Discussion-usdchf2h.jpg  

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  13. #27793
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    Quote Originally Posted by justy10125 View Post
    Open trades
    did you simply forget your 4 month eur/chf, or did the negative rollover result in a margin call

  14. #27794
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    Quote Originally Posted by qsx View Post
    did you simply forget your 4 month eur/chf, or did the negative rollover result in a margin call
    No, that is still open in my long-term account, but I don't expect much to come of it over the next few weeks. It's open and eating my account balance away in rollover charges...

  15. #27795
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    Oooops Mis-Labled Chart

    Quote Originally Posted by zeev View Post
    that's a eur/gbp chart
    Zeev,

    You are correct, that is a EUR-GBP chart.

    Thx

    ZG

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