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Market Geometry, Elliot Wave, and Volume Analysis Journal


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Market Geometry, Elliot Wave, and Volume Analysis Journal

  #1 (permalink)
 vsltradr 
Boise, Idaho/United Sates
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL, 6E, 6J, GC, ES
Posts: 25 since Jun 2014
Thanks Given: 38
Thanks Received: 23

Welcome!

Here I'll be logging the analysis and trading that I perform across a number of instruments using Market Geometry, Elliot Wave, and Volume analysis to pinpoint the end of market corrections for high risk/reward trade opportunities.

It is my intent to establish an environment of learning, both for myself and for those that may also find this analysis useful.

Objectives:
- gain accountability from the trading community to better learn from mistakes and hone my skills
- be honesty with myself, making constant progress toward eliminating poor behavior and bolstering good habits
- give back to others while solidifying my own understanding of trading concepts by detailing my own analysis

Markets I typically follow, in order of preference (main markets in bold): CL, 6E, 6J, GC, NQ, ZB, ES, NG

I hope we can generate some good discussion together, and learn from one another.

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  #3 (permalink)
 Marty087 
Sydney NSW Australia
 
Experience: Intermediate
Platform: Ninjatrader 7 / MT4
Broker: KINETICK
Trading: EUR/USD, AUS200(SPI)
Posts: 40 since May 2012
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jbenton View Post
Welcome!

Here I'll be logging the analysis and trading that I perform across ................
I hope we can generate some good discussion together, and learn from one another.


Looking forward to your posts... The title of the thread is right up my alley

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  #4 (permalink)
 
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 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
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jbenton View Post
Welcome!

Here I'll be logging the analysis and trading that I perform across a number of instruments using
Market Geometry,

Elliot Wave, and Volume analysis to pinpoint the end of market corrections for high risk/reward trade opportunities.
..........

I hope we can generate some good discussion together, and learn from one another.

I am interested in what you mean by
Market Geometry

Could you make a post explaining what you mean

Thanks in advance,

..........
peace, love and joy to you
.........
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  #5 (permalink)
 vsltradr 
Boise, Idaho/United Sates
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL, 6E, 6J, GC, ES
Posts: 25 since Jun 2014
Thanks Given: 38
Thanks Received: 23

Nice long setup this afternoon in Yen to introduce some of the ways that I am using market geometry, Elliot wave, and volume to find high R:R setups. Multiple timeframes are an important part of my analysis. I'll keep it at 2 charts for this example. Typically I'll look at 5 minute charts and 3 tick charts of varying timeframes. I had the areas drawn in for the trade, but was not at my chart to take it.

20min: Note the cyan-colored channel that I have drawn in. I am confident in the validity of the channel due to the way that price has reacted to the areas. The long entry was the touch of the lower channel line (see green arrow). Also note the spring green colored paintbar body and blue outline, indicating climactic volume with high density, showing support coming into the market as the area in the market geometry is hit.


5min: With the 5min chart you can see a clear subdivision of waves, where the long entry marked as (C) is the final wave in a flat correction. Where waves A and B are each composed of three waves, and C is composed of 5 waves. Compare this chart with the 20min chart above. I am using two different channels which give me the same time-price confluence for the trade entry. The appropriate stop would be below these support areas, typically no more than 15 ticks, and often less than 10 ticks, from my entry. I would be holding for a break of the high at 0.0088455. Without going into too much detail now, gold is looking like it has just completed a large 4th wave correction on the 240min (which has been strongly correlated with 6J) so I'm not overly confident that we will indeed break the high in 6J. Given that, if I had taken this long I'd be managing my stops a bit more aggressively than I typically like to do. The trades that you can allow to run are the real account builders.


Hopefully that's a good first taste of the kinds of setups I'm looking for. Will share as time allows and additional setups present themselves.

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Last Updated on May 15, 2017


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