After the recent Elliott Wave Theory webinar, I wanted to see this thread bumped and possibly become active again.

Mike

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.

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

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.

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 

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.

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.

@Big Mike,

Another ABC being developed. 107.40 level is a potential turning point.

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.

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