a trading strategy based on Elliott Wave Theory - page 248
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SarkeeV it's nice to meet a person who understands you :)))
When analyzing levels I look at candlesticks, but when "isolating" figures I use closing prices.
Sometimes with big volumes a slight shift of levels occurs, but I put it down to
error, because the main trend direction is still following the calculated trajectory.
1 - ( 01.26 16:00 - 01.30 13:00 ) - 1st impulse sub-wave
2 - ( 01.30 13:00 - 01.31 10:00 ) - 2nd corrective sub-wave (Frost and Prechter called this pattern "plane"), though initially it looks like "horizontal triangle"
3 - ( 01.31 10:00 - 02.01 01:00 ) - 3rd impulse sub-wave
Then there are doubts
4 - ( 02.01 01:00 - 02.01. 11:00 ) - 4th corrective wave ??? or it closes at 02.02 2:00 , forming a corrective "zigzag" figure
5 - ( 02.01. 11:00 - 02.02 14:00 ) - end of fifth impulse sub-wave and end of (1) impulse wave
..... further (2) corrective wave (3-ca, expanding triangle) completed at 02.06 7:00 bar, everything seems to be clear, if I understand it correctly???
Alexei, do you agree with this breakdown??? Especially the breakdown of the 4th and 5th waves???
Alexei, pay a little more attention :), your opinion is important to me
SarkeeV most of the answers to your questions can be found
in Glenn Neely's book "The Mastery of Elliott Wave Analysis".
The book is very "complicated", especially the Rules, but if you understand it, you'll be HAPPY :)))
If you can't find the answer there, feel free to ask, I'll help you :)))
Good luck and good trends.
http://grasn.narod.ru/img/wave.rar
Hello, Mr. Denisov. Frankly speaking, I had a higher opinion of you. Convinced of your sight (rightness) you are a blind man. Firstly, I follow Alexey Denisov's site and his transactions since October of 2005. Yes, deals are delayed, you are not a naive person who would want to enrich everyone for free? And the fact that they are posted on the website, albeit with a delay, is a big plus. It is interesting to observe a deal that is posted retro but already in deficit (in reality) eventually closes with a profit, and not with a small or large loss. He has a signal mailing, for as little as 200 bucks. You must not be a poor man by your system: check it out, sign up for the signals. But as an ambitious man, you will not do this, of course. Why "lower yourself" in your eyes. I am not an advocate of Alexey Denisov, but I would like to point out the empty and trivial beliefs in the trust market. We all remember my fellow countryman: Alexey Kolinichenko (who do not know, type...). So, this DU taught me something and warned....
Now, you, as a man of science, did not pay attention to the words about neural networks and fuzzy logic. You may, of course, doubt it: we can't verify it. But I sense these words scare you.... If I'm wrong, my apologies:)
Yes, the site is cool, I totally agree with you :)
grasn, how did you not guess about Glenn Neely immediately? After all, Alexei gave you such leading hints:))) I think it's on page 104. Figures..., 10 years, etc. Lots of debates on it....
in Glenn Neely's book "The Mastery of Elliott Wave Analysis".
The book is very "tricky", especially the Rules, but if you get the hang of it, you will be HAPPY :)))
If you can't find the answer there, feel free to ask, I'll help you :)))
I wish you success and good trends.
Alexey, at least just: yes or no? I'll certainly try to figure it out. Actually, I've never traded in real time. I have one decent system, which I was going to for 1.5 years (having discarded several unsuccessful systems). But it's not related to EWA (was), and now, I find something in common: a more confident entry...
Alexei, I would hope to see answers to questions that don't reveal your concept.
Still YES or NO :), if NO, where???
I have nothing against Alexei Denisov and his business. I said so right away in my post solandr 08.02.07 23:27
I just wanted to convey the simple idea in my post that this site can not serve as proof or denial of any theories, because it does not contain sufficient information for that and pursues goals that are on a completely different plane from the problems discussed here. I have simply stated some of my thoughts, which arise perhaps automatically in people, who are familiar with Forex.
My system does not feed me yet. It is just a salary at work, which of course does not let me make my simple plans in life. I've already talked about it in this thread. If it allowed me to, I would never have taken up Forex! There are many much more interesting things to do.
I`m not going to sign up for signals, not because I`m greedy for money or am ambitious. "I just don't want to (Copyright "A Dog's Heart" :o).
http://grasn.narod.ru/img/wave.rar
grasn, how could you not have guessed about Glenn Neely immediately? After all, Alexey gave you such leading hints:))) I think it's on page 104. Figures..., 10 years, etc. Lots of debates on it....
SarkeeV, you asked generally speaking Alexa, something that can be found in many books. I took the liberty of "cutting in" and providing a link to the book, and my post was not addressed to you personally, but to those who don't have the book. It's just customary here that if there's something to share, then by all means do it.
Addendum
Besides, I'm not a "wave-person" in the classical sense of the word, if you've bothered to read it of course. And I'm not at all interested in GASPING which wave is going on now, the third or the fifth. Read the links Solandr gave not so long ago on the Northwind studies (very much like flipping a coin...)