E-Mini S&P Elliott Wave Discussion: July, 2010

[TapeReader]

What has worked for me with regards to Elliott Waves is to add Order Flow information to A-B-C corrective waves.

The idea is essentially to wait for Order Flow to confirm that the correction is over...

For instance, if the market is in an uptrend, and there is an ABC correction wave to the downside, once the Buy Programs return in earnest, you can jump in alongside them and ride the resumption of the uptrend.

Here's a blog article that offers a step by step 'How To'....

Order Flow and ABC Corrective Waves

The attached graphic may also help.

 

[EWT]

Quote from TapeReader:

What has worked for me with regards to Elliott Waves is to add Order Flow information to A-B-C corrective waves.

The idea is essentially to wait for Order Flow to confirm that the correction is over...

For instance, if the market is in an uptrend, and there is an ABC correction wave to the downside, once the Buy Programs return in earnest, you can jump in alongside them and ride the resumption of the uptrend.

Here's a blog article that offers a step by step 'How To'....

Order Flow and ABC Corrective Waves

The attached graphic may also help.

Interesting. I have momentum indicators that fire signals between 1-2 bars of the bottom of the swing. Have you published any results? I'd be interested to see them for the ES-F contract. Please PM me if you have tose results.

 

[TapeReader]

Hi EWT,

We have quite a bit of data around our algorithmic output.

We are working to extend our site's current functionality and will be updating our trading results to the site in real-time.

These results will be published at The WOW Index by Algo Futures

We anticipate that this feature set will be online within 4 weeks.

In the interim, please feel free to ping me with any questions\clarifications.

All the best,
Carl

 

[EWT]

A multiple chart post has been made on the S&P at : http://elliottwavelive.blogspot.com/2011/02/market-pulse.html

Best of Trading

 

[EWT]

A multiple chart post has just been posted. Get the latest price projections for the eminis at :

http://elliottwavelive.blogspot.com/2011/02/market-pulse_07.html

Best of Trading

 

[EWT]

A multiple chart post has been made highlighting $SPX, ES1-057 and ES-057 price action at:

http://elliottwavelive.blogspot.com/2011/02/market-pulse_09.html

 

[EWT]

The last time we spoke I was looking for a new high in this market. Friday's price action carried the market to a new high... one that reached the targets stated in the 2/9/11 post of 1326.75 - 1329.25. If you review that post v.s. the wave count that I have presented here tonight, you will notice that I have changed the substructures of w.5 (red) to reflect greater proportionality between waves w. ii (purple) and w.iv (purple). Notice that the declines are harmonic in both price (14.03 and 13.07) and in time (15 and 14 bars) respectively. While the last few price bars from w.iv (blue) can be counted complete, I think that the market will extend higher in one final push.

Should the market extend higher it is important to note that currently w.(iii) < w.(i), therefore, w.(v) can't extend further than 1341.8 in $SPX and 1340 for ES1-057 or w.(iii) will be the shortest wave and that would break the rules and guidelines of EWP. So from a trading perspective, we now have our lines in the sand where price MUST reverse or the count is incorrect.


We'll see what this week brings.

Best of Trading

 

[EWT]

I just made a multiple chart post to my blog. Get the latest wave count on the $SPX at :

http://elliottwavelive.blogspot.com/2011/02/market-pulse_15.html

Best of Trading

 

[EWT]

Big up move today in the ES-F. Get the latest wave count from my blog post at :

http://elliottwavelive.blogspot.com/2011/02/market-pulse_16.html

(multiple charts included)

 

[EWT]

Weekly video of the S&P, Gold, Oil and Copper market at : http://elliottwavelive.blogspot.com/2011/02/heard-on-street-esf-oil-gold-copper.html

Best of Trading