35854 replies to this topic

[Argento]

I'm still a bit lost with EW's. Don't seem to know which wave we're in. Getting a little seasick at times...

 

But I'll keep learning! Keep the posts coming!

 

K

Ok, so we just saw a 200 drop in 30 minutes..why is that??

 

This is what Caldaro uses to describe the names of the waves within..starting with the largest called cycle (bull/bear) going down to tiniest pico waves!

 

Cycle

Primary

Major

Intermediate

Minor

Minute

Micro

Nano

Pico

 

So applying that to what we just saw a micro wave concluded with 5 nano's, 5 micro waves will again make the first minute wave of 5 for this minor 5 last wave up to conclude the intermediate 5, major 5 from primary III! 

 

Graph attached...

 

US busy with its final C leg down (A,B and C) as per Elliott that follows the correction pattern within the bigger trend...this being the bullmarket that is still intact!

 

A

Attached Files

•  TOP40 (Mini Elliotte).jpg   151.76KB   25 downloads

[Vertebrae]

Accumulated that 38.2% retrace on the low of the dip - this be such a mathematically perceptive market, but otherwise fundamentally insane.

[grantmu]

Seeing that you mentioned the 89...look where she bounced!

 

A

just goes to show the stocks are all controlled by some evil force sent to make our lives interesting. That is a really good thing to know, will add it to all my charts.

learned something new today, thanks 

[Argento]

Thanks for the info, will see if it works for me, thanks also Gringots for the fib comment. 

 

G

Seeing that you mentioned the 89...look where she bounced!

 

A

Attached Files

•  TOP40 89.jpg   157.6KB   24 downloads

[grantmu]

US is not done yet, down a bit before open

could be just swooping out short for long, mines and financials suddenly dropped. 

[delta66]

stopped on 45837(Futures) for 137p = total 437p with T40cash trade for day

[K~~]

Thanks K but think V is the EW master here!

 

Always followed Caldaro and his wave counts but never really applied it to our market up until now...and it makes so much sense, aim is to perfect ones strategy as that is the holy grail of trading!   

 

A

I'm still a bit lost with EW's. Don't seem to know which wave we're in. Getting a little seasick at times...

 

But I'll keep learning! Keep the posts coming!

 

K

[grantmu]

US is not done yet, down a bit before open

[Argento]

Problem with the dip, is that you never know how "diep" the dip is.. 

 

Except A and V and a couple of other EW masters... 

Thanks K but think V is the EW master here!

 

Always followed Caldaro and his wave counts but never really applied it to our market up until now...and it makes so much sense, aim is to perfect ones strategy as that is the holy grail of trading!   

 

A

Edited by Argento, 26 June 2014 - 03:33 PM.

[delta66]

closed T40cash for 300p 45800

futures still in @45700 playing for blue skies!

[delta66]

Need to retake 46600 on the weekly chart to be bullish...

not today but soon ...46400+

 

keeping stops wide but profit locked in

[grantmu]

When the price are above the 89SMA the trend is normally up and visa versa. After

the price crosses the 89SMA it tends to pullback to the 21EMA before it carry on its

direction if it is a trend direction change otherwise it tend to test the 89SMA again and

then it runs over and across the 89SMA till it finds direction and then it pulls back to

the 21EMA before proceeding on its path.

 

Is based upon a 4 hour macd rule...works for me..especially these crosses!

 

A

Thanks for the info, will see if it works for me, thanks also Gringots for the fib comment. 

 

G

[gringots]

When the price are above the 89SMA the trend is normally up and visa versa. After

the price crosses the 89SMA it tends to pullback to the 21EMA before it carry on its

direction if it is a trend direction change otherwise it tend to test the 89SMA again and

then it runs over and across the 89SMA till it finds direction and then it pulls back to

the 21EMA before proceeding on its path.

 

Is based upon a 4 hour macd rule...works for me..especially these crosses!

 

A

its also a fibonacci number... 1,2,3,5,8,13,21,34,55,89!

[grantmu]

For understanding of waves see free book links previously posted.

Its not rocket science, just as easy as getting a blowjob from grantmu

like most TA, you should at least be hands on aware.

Give me some TA feedback - this is noise.

Nice Retort 

 

Truce ???????

[Argento]

Hi

 

You use MA setting of 89, may I ask what is the reason for that number.

 

G 

When the price are above the 89SMA the trend is normally up and visa versa. After

the price crosses the 89SMA it tends to pullback to the 21EMA before it carry on its

direction if it is a trend direction change otherwise it tend to test the 89SMA again and

then it runs over and across the 89SMA till it finds direction and then it pulls back to

the 21EMA before proceeding on its path.

 

Is based upon a 4 hour macd rule...works for me..especially these crosses!

 

A

[Ninja]

Need to retake 46600 on the weekly chart to be bullish... If we don't do that she can stumble at any time

[grantmu]

Downtrend line breached and got our first 15min bullish cross, longs looking good!

 

Should be a simple 5 minute waves up from here until the top (new high) and primary III high...!

 

A

Hi

 

You use MA setting of 89, may I ask what is the reason for that number.

 

G 

[Argento]

Apologies, minor 5 up that begun yesterday to end primary III.

 

Got the first week of August as a possible target date!

 

A

Downtrend line breached and got our first 15min bullish cross, longs looking good!

 

Should be a simple 5 minute waves up from here until the top (new high) and primary III high...!

 

A

Attached Files

•  TOP40 Minor 5.jpg   155.41KB   9 downloads

Edited by Argento, 26 June 2014 - 02:45 PM.

[Vertebrae]

For understanding of waves see free book links previously posted.

Its not rocket science, just as easy as getting a blowjob from grantmu

like most TA, you should at least be hands on aware.

Give me some TA feedback - this is noise.

 

 

 

[grantmu]

If I may ask a question. On Thurs Vertebrae called the futures top at 46490. His words 'Sell everything. We are at the top'. And this seemed spot on as the market dropped to the 45350 level. Now a week later after the market is once again rising the call is that it is now on its way to 47000.

So is it that the original top call was just an interim one or is it just another wave that has appeared?

Not wanting to sound sceptical but from the view of a dommy it so often seems that the waves just keep on coming until at some stage they may prove to be correct.

So it was not the top but just an interim one and market on way to the actual/possible top of 47000?? 

I can just smell another request for a date coming from V, but this is far to juicy to let go by. This wave thing is one of the most interesting things I have come across in a while. I just cant make it work, I may be be a little dim and not have the brains to figure it out. If I look at it all the start point of the wave seems to be the key, the question I have is where do you start, when one wave does not fit just start another one further back. If I look at this from a different point of view and use the high and low points of the market, connecting the dots gives you a channel. If you are currently at the bottom of the channel the only place to go if there is no breakout is the top of the channel, there may be a couple of bumps on the way but eventually you will get there. I have to give credit that sometimes the WAVE fellows get this perfect (the turn yesterday as an example was absolute perfection), is that because they look at the chart and get it right or because the chart is redone every day to see if the pattern fits the prediction. Or is it just because they look at the charts every day and have a relay good feel for the market.

So maybe I get another date out of this with V, but a busted watch is right at leased twice a day 

Edited by grantmu, 26 June 2014 - 01:16 PM.