Elliott Wave Simple

[mubzaveri]

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This is what I have said all along about Elliott Wave Theory............It is very good as a long term indicator, but it is not good as a trading system............... I know that the DOW has to go below the 6500 level to meet the requirements of Elliott Wave Theory..............I also know that based on Fibbonacci levels that the dow will probably go to the 3400 area, so the long term trend right now is down................Right now we have a wave 2 going up which is normally a deep retracement, but htere will be no new high for the dow..................

i have always found elliot waves complex to interpret,
may be i m missing something.............

 

[4xpipcounter]

RE:Elliot Wave Simple

Dave, just so you would know, Adam Marley is a spammer. Just look at his profile and the preceding 8 posts.

This is what I have said all along about Elliott Wave Theory............It is very good as a long term indicator, but it is not good as a trading system............... I know that the DOW has to go below the 6500 level to meet the requirements of Elliott Wave Theory..............I also know that based on Fibbonacci levels that the dow will probably go to the 3400 area, so the long term trend right now is down................Right now we have a wave 2 going up which is normally a deep retracement, but htere will be no new high for the dow..................

 

[JahDave]

Well, I was wrong in looking for a wave 4 and then a wave five on a smaller scale before looking for a larger scale wave 2. We are in the larger scale wave 2 right now...................I don't know when this will be over exactly, but I do know that we will not see any new highs from this.................If we see new highs then my wave counts will be completely wrong and this has not happened to me yet..............In 6 years..............

 

[abhi_neth]

Well, I was wrong in looking for a wave 4 and then a wave five on a smaller scale before looking for a larger scale wave 2. We are in the larger scale wave 2 right now...................I don't know when this will be over exactly, but I do know that we will not see any new highs from this.................If we see new highs then my wave counts will be completely wrong and this has not happened to me yet..............In 6 years..............

Hi JahDave.
Which pair are you talking about?

 

[JahDave]

Hi JahDave.
Which pair are you talking about?

I am talking about the USD_AUD..................I am looking for this pair to pull back to .9915 and then make a new high between 1.0400 and 1.0500..............After the move up then I think this pair will go down for a while.............to probably the .9250.............

Good trading everyone,
Dave

 

[JahDave]

I am talking about the USD_AUD..................I am looking for this pair to pull back to .9915 and then make a new high between 1.0400 and 1.0500..............After the move up then I think this pair will go down for a while.............to probably the .9250.............

Good trading everyone,
Dave

The wave patterns are confirming my wave counts..........This means very short term USD weakness................Medium and long term USD strength...................I hope you all can understand this.............If you cannot then message me and I will explain it to you.

Good Trading Everyone,
JahDave

 

[4xpipcounter]

Dave, nothing like thread tag, but our methodologies agree once again.

The wave patterns are confirming my wave counts..........This means very short term USD weakness................Medium and long term USD strength...................I hope you all can understand this.............If you cannot then message me and I will explain it to you.

Good Trading Everyone,
JahDave

 

[LivetoTrade]

Dave, the Ichimoku clouds give us a generic timeframe for the pattern to emerge.
Does EW give any insight to time? Or can we judge by experience.

Asking in general, and not with respect to any particular index.

 

[JahDave]

Here is my short or medium term Aussie update, depending on how you trade...................According to all of the things that I track, then the Aussie is going down soon..........It looks like we have just completed an Elliott Wave A,B,C corrective pattern.............This means that this pair will be going down hard very soon.........

 

[JahDave]

Dave, the Ichimoku clouds give us a generic timeframe for the pattern to emerge.
Does EW give any insight to time? Or can we judge by experience.

Asking in general, and not with respect to any particular index.

The only answer I can give to you is that Fibonocci time is available, but I have found it to be not that reliable...................