Lets Surf Forex Wave Together

[mazwini]

Hi surfxwave

How do we identify start of the wave

I'am still newB in this field. Hope u can guide more

[SurFXwave]

Hi surfxwave
How do we identify start of the wave
I'am still newB in this field. Hope u can guide more

Nomally I refer to Higher time frame, H1,H4,D1
When the count seams to be end, Then I Start new count in lower TF.
Should the count is 12345then retrace, the we should know next direction.

But if the count is ABC then retrace, well foolow the trend. It is a correction

[jitax]

i find ur thread very usefull ... i always wanted to learn all abut elliot .. im using fibo , s&r only right now and i wuld luv to add elliot to them ... please keep up the good work .. i'll come to this thread again once im done with my funals and hopefully learn all abut elliot .... and thanks for sharing your knowledge with others

[SurFXwave]

Another Wave behaviour


Normally, TYPE 2 WAVE is the most It will form

[SurFXwave]

Here are Type 2 wave example

[gilos]

salam bro...do u have any ebooks that u can share on this topic...i know that EW is hard to learn but once u know it, the hardship is well paid off...

why i want to learn EW? because only EW can predict where the price will go instead of any other indicator that follow the price...for now i only have the copy from elliotwave.com... going to start reading and hopefully understand it starting from tomorrow...

[lock17]

keep going surfwave...
i am the follower for this thread....alot of info about EW make me understand to read market move soon..

[scheinwerfer]

got a newbie question about EW, what's the timeframe for it? and secondly how successful this system really is? i mean how many trades end with a profit and how many with a loss?

[SurFXwave]

got a newbie question about EW, what's the timeframe for it? and secondly how successful this system really is? i mean how many trades end with a profit and how many with a loss?

there are EW in any time frame, bigger time frame for Big wave, small TF 4for mini,micro EW.
As for me I count MiniWave/SubMiniwave on M15 , H1 for MainWave/SubMainWave and H4for MajorWave/SubMajorwave, DI/WI for BigWave/SubBigwave.
The tips is identify what is the counting 12345 or ABC, then you should be able to identify next wave.

as for yr second questin : there are no perfect system in this field. EW helps us to follow market direction as it is base on price action. combination is necessary especially with Trendline and Fibonachi.
There are one simple rules : ONly take order when there are setup as the probabilities for profit is higher.

Good Luck

[SurFXwave]

[QUOTE=gilos;364407]salam bro...do u have any ebooks that u can share on this topic...i know that EW is hard to learn but once u know it, the hardship is well paid off...
QUOTE]

PM me giving your e-mail for e-books

[aerandir]

This is good thread and info.Thanks so much I'm will be your follower. Please put more image how to trade EW. Newbie lot more to know.

[SurFXwave]

My Main Porpose of creatinq this Thread is to Share EW Counting especially on Cable. So that we can check and discuss on it.
Does anyone use EW
Can anybody share the Counting

[Psymon]

do you see a massive rally on cable coming v soon? check the monthly charts for verification? are we looking at the longest monthly decline run since the 70's...

[ilearn2t]

My Main Porpose of creatinq this Thread is to Share EW Counting especially on Cable. So that we can check and discuss on it.
Does anyone use EW
Can anybody share the Counting

Hello SurFXwave

I try to explain:

First right click and open this thread again in a new window, now set your new window (this will make it easy to click back and forth between this post and image) to show post #16 (the image with the counters on it) you'll notice 3 sets of different coloured numbers 1 - 5 and 3 letters A - C


I'll start with (coloured blue) numbers (The real EW)

Number 1 � Is the first up trend bar, where traders see an opportunity and start to push up the price.

Number 2 � Is the first down trend bar, this is were most panic and take the small profit offered. This bar must not decline below first bar or it is not counted as an EW. (back to drawing board)

Number 3 � Is the longest up trend bar and were good news and positive trading is taking place. (I like most traders would join in at this point)

Number 4 � This is another panic bar as I call it. What you should look for here is the declide doesn't pass the highest point of number 1's bar.
Or it's get out time also.

Nunber 5 � is considered to be the "holy gail" (for want of better words). All traders want in on this one, and it also proves greed over rules logic as this is an over price bar? it also represents the start of the end of the upward trend.

Letter A � This is the beginning of the downward trend. Most traders see this as the normal profit taking bar, not realizing they are now in the beginning of the proper stage of the market.

Letter B � This is were the (wish I joined at number 1 traders) enter the market. They help move up the trend again, in the false hope the trend will return to a rising one; again only to watch it continue it decline.

Letter C- Finially the smart traders know the market has come to its normal state. (time to lift money and run)

You might ask the question:
You state number 3 is the best bar to get in on the action, but now will I know that's the proper bar to join.

Answer: It will be the longest bar in the set of 5, so back track to bar1 and judge the size on image (you'll be looking for pips gain while trying this out) once the gain is more than bar1's gain, thats the time to go for it.

I hope this information might give you a better idea on using the EW.

Footnote: I was going to thank the member for posting the image on the thread to help me explain but I've noticed it's yourself. Thanks

[bud]

Bro,
Is it practical to dramw the wave using zigzag... seem to be quite practical as I prefer naked chart instead of so many indi