Thread: Elliott Wave Trading Discussion

Originally Posted by fmonera

This is what I am following on AUDUSD.

This is a classic example of what I mean when I say "you can be wrong on the count and right on direction." As long as you have the direction right, you can make money.

Good Luck.

Originally Posted by aerocom

This is a classic example of what I mean when I say "you can be wrong on the count and right on direction." As long as you have the direction right, you can make money.

Good Luck.

Any hints of what I did wrong on the count? They will be greatly appreciated

Originally Posted by brindar

Brindar;

I think I follow your thinking as labeled but, where is the "c wave failure?" In my count A-B-C, I have A and C equal in a double zig-zag pattern connected by a flat 3-3-wxy(5). Wave C is .0002 longer than A.

Good Luck.

Originally Posted by fmonera

Any hints of what I did wrong on the count? They will be greatly appreciated

Yea. You have to start at a significant low or high. Counting from the low around 8077 depending on the feed the first move up is a or 1 depending on the subdivision. A 1 would subdivide into 5. I think the first move up counts best as a 3; a up, b down, c up. Then start over. Remember, corrections are 3 wave affairs. A and C in most cases are very nearly equal. Sometimes either A or C will be longer. Keep the fib ratios in mind when counting. If A is more than 50% of a move, then C will be equal or shorter. However, if A is short, C is likely to be longer unless you are in wave 4. 5-3-5 and 3-3-5 are corrective

Motive waves are 5 wave affairs and always move in the direction of the trend.

Good Luck.

Originally Posted by aerocom

Brindar;

I think I follow your thinking as labeled but, where is the "c wave failure?" In my count A-B-C, I have A and C equal in a double zig-zag pattern connected by a flat 3-3-wxy(5). Wave C is .0002 longer than A.

Good Luck.

Hi aerocom,
in my count on frame 15m , wave 'c' = 61.8 of wave 'a' . Wave 'c' failed to retrace at less 100 of wave 'a' and the move after wave 'c' is very strong so I called it's 'c wave failur'.
this is my count of frame 15m

Good Luck

Originally Posted by brindar

Hi aerocom,
in my count on frame 15m , wave 'c' = 61.8 of wave 'a' . Wave 'c' failed to retrace at less 100 of wave 'a' and the move after wave 'c' is very strong so I called it's 'c wave failur'.
this is my count of frame 15m

Good Luck

Thanks Brindar. Different wave c.

Good Luck.

Originally Posted by aerocom

Thanks Brindar. Different wave c.

Good Luck.

Hi aerocom,
can you post me your count for the last wave?
Regards

Usd/cad near-term eying 1.0430

Originally Posted by brindar

Hi aerocom,
can you post me your count for the last wave?
Regards

Brindar;

Here it is. Wave 1 look like it could be a 3. That would make the entire move for wave 1 a zig-zag and the follow on move will possibly be a zig-zag. The correction is in 3 waves and if wave 3 is extended, has retraced the extension.

Hope this helps.

Good Luck.

Powerful reversal on Usd/Cad from 1.0470! lows in place..huge wave three to come?!

Originally Posted by aerocom

Brindar;

Here it is. Wave 1 look like it could be a 3. That would make the entire move for wave 1 a zig-zag and the follow on move will possibly be a zig-zag. The correction is in 3 waves and if wave 3 is extended, has retraced the extension.

Hope this helps.

Good Luck.

Hi aerocom,
you are right man your cout is better than my
I had to put wave ii in the bottom at wave (a) (blue) and my wave ii is wave (ii) of wave iii.

Rigards
Brindar

Originally Posted by aerocom

Brindar;

Here it is. Wave 1 look like it could be a 3. That would make the entire move for wave 1 a zig-zag and the follow on move will possibly be a zig-zag. The correction is in 3 waves and if wave 3 is extended, has retraced the extension.

Hope this helps.

Good Luck.

The make or break your 1/a will tell the story
a-b-c down could be more like impulsive down from 0.90295, will see ...

EUR/USD Setting up to go lower?

Originally Posted by Gregory McLeod

EUR/USD Setting up to go lower?

Hey Greg, why is your A of the correction and the 5 of the downward move at the exact point? I would count the A at 1.2775, now we're heading for B, and c will be up again.
I must say Im new to Ew but why goes your ABC correction in the same direction as the impulse wave?

Thanks for help,
greetings!

Malte