Ewj: elliott wave
- Thread starter mu200411
- Start date
...on globex hourly... the time element came out to about 0.636..... pretty close to 61%
.... while the price element came to 0.618
.... this is a very high percentage setup because both the time and price elements came out well
.... nice job to the longs at 77
..... whether it continues on up or not .... remains to be seen ;0)
.... while the price element came to 0.618
.... this is a very high percentage setup because both the time and price elements came out well
.... nice job to the longs at 77
..... whether it continues on up or not .... remains to be seen ;0)
..... 
to be honest Ed.... i don't have any original time theories....
.... just trying to apply what i have read in various fib-based books....
.... Gann and Wyckoff are great too
.... time works the same as price.... except you just count time horizontally and price vertically....pretty basic ....
.... whatever theories you have learned about price as far as fib goes... should be applicable to time as well....(i.e. retracements...extensions)
.... the main confusion is that.... most people think price is more important than time.... it is not....
.... if you want to learn more about it.... Miner's book on EW has a big section on time ....
... and as far as i can tell... Gann has done the most work with time....
....if you were wondering about my post... i just meant that price retraced 61% and time did as well....
to be honest Ed.... i don't have any original time theories........ just trying to apply what i have read in various fib-based books....
.... Gann and Wyckoff are great too
.... time works the same as price.... except you just count time horizontally and price vertically....pretty basic ....
.... whatever theories you have learned about price as far as fib goes... should be applicable to time as well....(i.e. retracements...extensions)
.... the main confusion is that.... most people think price is more important than time.... it is not....
.... if you want to learn more about it.... Miner's book on EW has a big section on time ....
... and as far as i can tell... Gann has done the most work with time....
....if you were wondering about my post... i just meant that price retraced 61% and time did as well....
Quote from ed:
Hey! Would you be sharing more about your time theory soon? I'm looking forward to it.
...
Rebound as expected with new high .
This may be Wave I-II or Wave :iii . Next should be a great leap of Wave .iii:iiiIII
.
.This may be Wave I-II or Wave :iii . Next should be a great leap of Wave .iii:iiiIII
.Quote from mu200411:
r-sHs did not materialized.
Another fifth subwave of Wave C had emerged. The Market should rebound from here
Another support will be at a measured move down.