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Elliott Wave Theory and Patterns
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Elliott Wave Theory and Patterns

  #11 (permalink)
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Fat Tails View Post
I have never been able to identify Elliott Wave Patterns in real time. My impression is that there are always several scenarios at choice, and the correct one can only be identified with hindsight.


Ditto, spent a lot of time and got nowhere with it.

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  #12 (permalink)
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The trend channels are fine,.

But did you see that wave (e) on the second chart. That looks like a retrofit. As far as I remember (a),(b), (c),(d),(e) is used for flat triangles, but that triangle started trending up, and now retraced about 72% of the prior down swing. I am at least confused.


aviat72 View Post
Here is McHugh's projection.


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OK for that line in the middle. But that is classical technical analysis. I also carefully watch, whether swings overlap or don't overlap and the point where prior support becomes resistance is the key! But I do not need Elliot Waves to understand that.


ZTR View Post
Two ways to look at, but the way the real market works is much more complex and this is really bending reality to fit the rules.


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  #14 (permalink)
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My last comment was obviously tounge-in-cheek. Hope everyone got as good laugh, I did.

But it is like Mark Douglas says Anything Can Happen.

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So you discarded the options that it goes back in time to search for a better universe or that it goes in full cycles.


ZTR View Post
Bottom line: At point 4 above the market will go up, down or sideways


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  #16 (permalink)
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That would violate the space time continum, no really.

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Here is something regarding counts

www.esignalcentral.com/university/get/getManual/eSignal_Manual_ch7.pdf
Advanced GET Trading Blog: Understanding the Elliott Oscillator
ELLIOTT WAVE FRACTALS

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The Elliott Oscillator is simply a modified MACD without the signal line. It measures the difference between two SMAs with period 5 and 34. I guess that a whole family of MACDs can be used for the same purpose. Actually there are better choices, as you can use more advanced moving averages to achieve this.

The Awesome Oscillator introduced by Bill Williams - it is available for NinjaTrader - also does the trick.

Basically, all these indicators show a divergence, which tells you that the trend has slowed down. You can get the same information from the chart directly by drawing a trend channel. The divergence will not appear when a parabolic move occurs, so the indie will only catch flat peaks and troughs.





Last edited by ZTR; July 13th, 2010 at 10:20 PM. Reason: Added Link To Indy on NT Forum
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Fat Tails View Post
The Elliott Oscillator is simply a modified MACD without the signal line. It measures the difference between two SMAs with period 5 and 34. I guess that a whole family of MACDs can be used for the same purpose. Actually there are better choices, as you can use more advanced moving averages to achieve this.

Yes there's no holy grail, whatever help you see the big picture i think is good


Fat Tails View Post
The divergence will not appear when a parabolic move occurs, so the indie will only catch flat peaks and troughs.

At that time i change settings to a bigger ones. but as said before you only be sure when miss the trade :-(

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Fat Tails View Post
The trend channels are fine,.

But did you see that wave (e) on the second chart. That looks like a retrofit. As far as I remember (a),(b), (c),(d),(e) is used for flat triangles, but that triangle started trending up, and now retraced about 72% of the prior down swing. I am at least confused.

He is bearish and his bias will show up in his counts

Some other good guys
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987

http://kennystechnicalanalysisblog.blogspot.com/

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