loopyno

i told u it was an impulsive wave :D

if anyone is interested ... this is what i hope for

http://img651.imageshack.us/img651/4786/76784059i.png

man that looks like and impulse wave :) - 5 waves up

man be careful with those kind of entries

they are very high risk

Your chart look good. Can you share your template and indicator?

 

Hey szelee

 

I do not use an indicator ... i count the waves manually ... i draw the targets manually ... so i have no indicators to share :)

 

Loopyno

if anyone is interested here are my chart for Tuesday

 

H4:

http://img685.imageshack.us/i/70889551.pnghttp://yfrog.com/j170889551phttp://img685.imageshack.us/img685/4954/70889551.png

 

H1:

http://img232.imageshack.us/img232/8665/32693816.png

 

the last 2 areas on H1 held very well ... the second support area was the real support area as u can see from the picture of the H1 timeframe

 

Loopyno

i think it is better because i draw my own waves.

those who prefer MT Predictor somehow think that someone has invented artificial intelligence and they are selling it for $2 000

 

i need DT just to save time adding the counts ... that is it

but DT 6 is nowhere to be found right now :9

if u have time read this

http://www.elliottwave.com/books/ewp/default.aspx?code=oco

wave A usually completes in the 50% - 61.8% retracement area of the last impulse (5 waves) move

an corrective move is made out of:

- wave A - 3 waves (3, 3, 5)

- wave B - 3 waves (3, 3, 5)

- wave C - 5 waves (5, 3, 5, 3, 5)

man if you trade H1 you have to wait to the break on H1

but u do no enter at that break .. at least i do not do that

for example

entering in a corrective wave A after an impuls is very dangerous because as u found out today you only know when 5 is complete after wave A is almost over

but if that is the case u will wait for Wave B to finish and then enter on wave C which is longer and with a higher probability taking into consideration what you had done until that moment (waited for A to confirm Wave 5 and for price to retrace - Wave B)

PLEASE MAKE A COMPLAINT AGAINST ME TOO

 

i do not deserve ur awesome EA which will make everyone rich ... people and banks and .... forget it ... it's not worth it

 

have fun being rich trading this EA

i apologize to all of you who found these 2 posts inadequate ... but the phrase "people with good heart" was just too much for me

have good heart!

 

dude u must be joking ....

people that have good heart .... geez ... i do not have a good heart ... PLEASE BAN ME FROM THE THREAD

well i've used (chronologically):

1. MT Predictor

2. ELWave

3. Advanced Get

4. Dynamic Trader

5. Me :)

 

Now ... i will never install MT Predictor and ELWave again ...

Advanced Get .... hmmm maybe as a confirmation or something but for example now I am in a hedged position because i trusted it more then my judgment

Do not get me wrong ... if i trusted my judgment from the start i would still be in a hedge right now but not from where Advanced Get helped me enter but way way below ... my mistake ... i entered not Advanced Get

 

so i am counting waves for about 2.5 years now ... most of them on demo and i still make mistakes ... how in God's name could i trust an algorithm to draw counts better then me since after 2 years i still make mistakes

Only one i will consider using .... in the not so near future ... Dynamic Trader ... but that is only to help me count waves ... My Waves

I say not so near because i find it hard to believe anyone will share version 6 :)

 

So that is where i stand right now :)

Loopyno

well things stand like this ...

wave 5 for ex is complete when prices go beyond the extreme point of wave 4

 

now ... in forex there is a lot of volatility and manipulation of data so ... i tend to wait for a close that breaches that extreme not only prices movement beyond that level

yeah ... my first support area snapped like a twig

well after i will get out of the stupid trade i entered last week i will start trading both EU and GU

so u wont be so lonely :)

yea hi know that but i gave up because of the high resolution and i was to lazy to open Photoshop :P

hehe :))))))))

ur right

:))

i have only 2 reasons :)

 

1. a monkey could draw better waves

2. it does not allow u to draw your custom waves (this one i did not research very deeply)

 

but that it is only me and i could be wrong :)

Why not use this?

 

www.tinypic.com

You need to create a free account also.

 

Then you can resize it to the image automatically.

http://i41.tinypic.com/m7azdh.jpg

 

So no headache for reducing the size yourself.

 

Smile

Chankl78

 

got it :D

i will use this one :)

 

Loopyno

Loopyno,

 

Take a look at this indicator.

 

http://indo-investasi.com/showthread.php/5977-Elliott-Waves-Indicator

 

You define your elliott wave, it provide the possible target in MT4.

What do you think?

 

Smile

Chankl78

 

lol man ... i can program a better one 4 u but what will the indicator do when you have an extended wave or when you have a complex corrective wave?

hi everybody ....

 

here is what i will use today to trade ...

 

Monthly: http://img684.imageshack.us/i/monthlyn.png/

Weekly: http://img685.imageshack.us/i/weekly.png/

Daily: http://img15.imageshack.us/i/dailya.png/

H4: http://img405.imageshack.us/i/17576351.png/

H1: http://img80.imageshack.us/i/14374721.png/

 

On H4 and H1 u can see in red what I believe are the most probable support areas.

 

This is my opinion ... everyone should do what their analysis says to do :)

 

Loopyno

man if u need MQL assistance you can ask for it here:

 

http://elitepatterns.com

 

Loopyno

ok i am curios to find out your feedback :)

i tried to figer it out but .... no logic until now :P

hmmm

 

i read it but it did not help me too much

i also searched the site for a pdf on the DashBord but no such thing

 

so is there a manual for the DashBord?

 

Loopyno