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Updated October 20, 2016
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March 26th, 2012, 03:57 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,618 since Jun 2009
Thanks Given: 33,331
Thanks Received: 101,938
After the recent Elliott Wave Theory webinar, I wanted to see this thread bumped and possibly become active again.
Mike
March 26th, 2012, 04:13 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
Big Mike
After the recent Elliott Wave Theory webinar, I wanted to see this thread bumped and possibly become active again.
Mike
without wave software its not easy to follow.
March 26th, 2012, 05:46 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,618 since Jun 2009
Thanks Given: 33,331
Thanks Received: 101,938
cory
without wave software its not easy to follow.
Did you watch the last EWT webinar? I thought it looked pretty simple to identify this, in fact it is quite similar to how I trade already (just this Wave 3 portion).
Webinar: Elliott Wave Theory - Focusing on Trading Wave 3
You disagree?
Now for remaining setups I agree it is more complex, to know where a wave ends (C point) and a new one begins.
Mike
March 26th, 2012, 06:23 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
Big Mike
Did you watch the last EWT webinar? I thought it looked pretty simple to identify this, in fact it is quite similar to how I trade already (just this Wave 3 portion).
Webinar: Elliott Wave Theory - Focusing on Trading Wave 3
You disagree?
Now for remaining setups I agree it is more complex, to know where a wave ends (C point) and a new one begins.
Mike
I can't tell which is what on this one. For the wave I can see the move is more likely over thus the hope is software ids it faster.
March 26th, 2012, 06:58 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,618 since Jun 2009
Thanks Given: 33,331
Thanks Received: 101,938
I would like to turn attention to the hard right edge, if EWT posters will indulge me.
Can you guys post some charts of current markets at the hard right edge, and then maybe draw some mock up scenarios of what price would need to do in order to trigger an important high or low, then the abc, then wave 3. I have an idea of what this should look like in my head, but models focusing on hard right edge, vs models focusing on historical, are more useful to me.
Mike
March 26th, 2012, 08:02 PM
Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,529 since Oct 2009
Thanks Given: 4,183
Thanks Received: 6,029
Big Mike
I would like to turn attention to the hard right edge, if EWT posters will indulge me.
Can you guys post some charts of current markets at the hard right edge, and then maybe draw some mock up scenarios of what price would need to do in order to trigger an important high or low, then the abc, then wave 3. I have an idea of what this should look like in my head, but models focusing on hard right edge, vs models focusing on historical, are more useful to me.
Mike
I second that request, would be interesting to know if some heuristic rules have been devised to anticipate these moves.
March 27th, 2012, 11:52 AM
Las Vegas, NV
Legendary Market Wizard
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,637 since Aug 2010
Thanks Given: 1,071
Thanks Received: 6,012
Big Mike
I would like to turn attention to the hard right edge, if EWT posters will indulge me.
Can you guys post some charts of current markets at the hard right edge, and then maybe draw some mock up scenarios of what price would need to do in order to trigger an important high or low, then the abc, then wave 3. I have an idea of what this should look like in my head, but models focusing on hard right edge, vs models focusing on historical, are more useful to me.
Mike
@Big Mike ;
Trading Wave 3 is similar to an ABC after an impulse. When I requested help with writing an ABC indicator for Ninja, I was referred to Fib Extension tool .
At the risk of getting egg on my face, attached is an (not so great) example of ABC being formed on 5M ES. 1408 area is the previous high, so if ES going to bounce back and continue the uptrend, it should be around 1407.75.
March 27th, 2012, 02:00 PM
Las Vegas, NV
Legendary Market Wizard
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,637 since Aug 2010
Thanks Given: 1,071
Thanks Received: 6,012
@Big Mike ,
Another ABC being developed. 107.40 level is a potential turning point.
March 27th, 2012, 02:11 PM
Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,529 since Oct 2009
Thanks Given: 4,183
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How do you know which swing to select for the 1,2,3,4,5 count. You seem to have skipped some swings in your count. There are more than 5 significant swings, no?
aligator
@
Big Mike ;
Trading Wave 3 is similar to an ABC after an impulse. When I requested help with writing an ABC indicator for Ninja, I was referred to Fib Extension tool
.
At the risk of getting egg on my face, attached is an (not so great) example of ABC being formed on 5M ES. 1408 area is the previous high, so if ES going to bounce back and continue the uptrend, it should be around 1407.75.
March 27th, 2012, 02:37 PM
Las Vegas, NV
Legendary Market Wizard
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,637 since Aug 2010
Thanks Given: 1,071
Thanks Received: 6,012
aligator
@
Big Mike ,
Another ABC being developed. 107.40 level is a potential turning point.
Perfect turn at 107.40 for 10 tick target 1, runner at BE+1
Last Updated on October 20, 2016