Ewj: elliott wave

[Mup]

Quote from Derrick1983:

Can someone explain in brief “Elliot waveâ€� and how it helps?

Hi derrick

"Brief" and "Elliott Wave " are not two words that go together easily... Its probably best for a weekend discussion while enjoying a Guinness or Mount Gay Special Reserve with a Cohiba Siglo VI

In the mean time
ed's link is a good place to start...

Also, dare I say, EWI has some useful stuff on their site :eek:

http://www.elliottwave.net/educational/basictenets/basics1.htm

On how Elliott Wave helps, I don;t know any other method that gave us a hint of this weeks price action, last week...

For bread and butter everyday trading, elo hits the nail on the head with ALT's & Measured Moves ...

 

[mu200411]

Derrick,
Here is a concise one page lesson about
Elliott Wave Theory
by Investopedia Staff, (Investopedia.com) (Contact Author | Biography)
http://www.investopedia.com/articles/technical/111401.asp
Here is one sentence EWP;
"The Market moves UP and DOWN as somewhat equal waves, 5 waves in the direction of the trend, UP or DOWN, short or long term, and 3 waves counter trend, with numerous variations ."
If you make the count right you can predict the likelihood of the change in trend, i.e., the high and low of the move, and together with risk management earn a few bugs .
The best part is you don't have to have a PhD. If you can count 1 to 5 and write a,b,c,d,e you can enjoy EW .
Mu.

Quote from Derrick1983:11-11-08 11:26 PM

Can someone explain in brief “Elliot wave” and how it helps?

 

[elovemer]

....nice work guys.....
.... i guess there is more to it than "breeding rabbits on the ocean"
... :0)

Quote from mu200411:
Derrick,
H

 

[Mup]

Nothing wrong with Fibonacci's Liber Abaci elo )

Keen bulls are looking for a completed wave set into that 61.8 % ext T1 target....

Could easily ED though.....

120min Globex

 

[Mup]

That 15min Chart of the ES

not techinal around ratios at all... handy those rabbits

 

[elovemer]

.....funny... mup :0)

....here is a chart

 

[elovemer]

...when the market excites us.... you always keep us grounded....
....thanks much for that.... experience

Quote from Mup:
N
Could easily ED though.....
120min Globex

 

[ed]

Quote from elovemer:

...when the market excites us.... you always keep us grounded....
....thanks much for that.... experience

Thanks Mup!

You were absolutely right about the ED driving the indicators crazy!!!

 

[elovemer]

?

 

[Mup]

Thanks elo, ed...

You get cynical of clean "c " wave moves over time...

Even if its doesn't ED , oods on, always you know after a sharp move of a ratio they will always see who's holding the weak hands on an equally sharp move back..

An oldschool trader I knew called it the "Grand Old Duke of York"