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  • #801
  • Aug 30, 2011 10:40am Aug 30, 2011 10:40am
it could be like this too, the current wave is a just a wave 2 av C wave.
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  • #802
  • Aug 30, 2011 10:51am Aug 30, 2011 10:51am
Quoting Theo
it could be like this too, the current wave is a just a wave 2 av C wave.
According to NEoWave (most advanced EWA technic ever made) you wrong.

On your chart wave-B is completed (around 61.8% of wave-A) in this case - ZigZag is forming. In Zigzags wave-B must take AT LEAST same time as wave-A (normally should take more time). Your wave-B takes LESS time, it means your wave-B is underway and NOT ended. Even wave-B has ended and wave-C is underway (its impossible, but anyway) wave-2 of wave-C cannot retrace further than 61.8% of wave-1, so current (todays) rally shows us that Zigzag cannot be here... But UNTILL 61.8% is not broken (around 1831) we should assume downtrend still alive.
  • #803
  • Aug 30, 2011 11:03am Aug 30, 2011 11:03am
Quoting ph3onix
According to NEoWave (most advanced EWA technic ever made) you wrong.

On your chart wave-B is completed (around 61.8% of wave-A) in this case - ZigZag is forming. In Zigzags wave-B must take AT LEAST same time as wave-A (normally should take more time). Your wave-B takes LESS time, it means your wave-B is underway and NOT ended. Even wave-B has ended and wave-C is underway (its impossible, but anyway) wave-2 of wave-C cannot retrace further than 61.8% of wave-1, so current (todays) rally shows us that Zigzag cannot be here... But UNTILL 61.8%...
Man i have never studied NEowave. but thankx for your explanation.
  • #804
  • Aug 30, 2011 11:06am Aug 30, 2011 11:06am
Quoting Theo
Man i have never studied NEowave. but thankx for your explanation.
The point is classic EWA does not works well... it ALWAYS allows you to have MANY ideas and Wave counts... NEoWave gives you only logical choice and finalized rules to understand what wave count is REAL...
  • #805
  • Aug 30, 2011 12:22pm Aug 30, 2011 12:22pm
Quoting Theo
it could be like this too, the current wave is a just a wave 2 av C wave.
Think your count looks right, except: B might be a of B and i is b of B with c of B shortly.
  • #806
  • Aug 30, 2011 12:36pm Aug 30, 2011 12:36pm
Quoting SunTrader
Think your count looks right, except: B might be a of B and i is b of B with c of B shortly.
yes, its also a count, but as ph3onix says, the problem with classical EWP is that everyone can have a count, more rules and more restriction is better to eliminate as many alternative.....

btw Hs on the 10 min, will see how it develop.
  • #807
  • Aug 30, 2011 12:36pm Aug 30, 2011 12:36pm
Quoting SunTrader
Think your count looks right, except: B might be a of B and i is b of B with c of B shortly.
Then count is not looks right ))) your count idea gives absolutely another final result )))
  • #808
  • Aug 30, 2011 12:44pm Aug 30, 2011 12:44pm
Quoting Theo
yes, its also a count, but as ph3onix says, the problem with classical EWP is that everyone can have a count, more rules and more restriction is better to eliminate as many alternative.....

btw Hs on the 10 min, will see how it develop.
I don't use classical EW. I also do believe in watching for as many possible wave counts but trade only the ones that are eventually confirmed by price action. Because price doesn't care if "Mr Elliott" says it shouldn't go the direction it is headed.

True Elliott Wave Theory does not have rules, only guidelines.
  • #809
  • Aug 30, 2011 12:49pm Aug 30, 2011 12:49pm
Quoting ph3onix
Then count is not looks right ))) your count idea gives absolutely another final result )))
witch count is the most correct, enlighten us
  • #810
  • Aug 30, 2011 1:42pm Aug 30, 2011 1:42pm
Quoting Theo
witch count is the most correct, enlighten us
See my posts above... If we are talking about real logic wave rules - NEoWave is only the way to believe. Both possible counts are explained above
  • #811
  • Aug 30, 2011 1:57pm Aug 30, 2011 1:57pm
So, is this a man with a head and irregular shoulders?

or can we accept the fact that the H&S is not infallible?
The Black Swan: The Impact of the Highly Improbable
  • #812
  • Aug 30, 2011 4:37pm Aug 30, 2011 4:37pm
Quoting MapleLeaf
So, is this a man with a head and irregular shoulders?

or can we accept the fact that the H&S is not infallible?
This week's NFP will push down gold under 1750. No fork can predict this, sorry...
  • #813
  • Aug 30, 2011 11:34pm Aug 30, 2011 11:34pm
Quoting ph3onix
See my posts above... If we are talking about real logic wave rules - NEoWave is only the way to believe. Both possible counts are explained above
thankx man for opening my eyes about Neowave, i blown the dust of this book, and i will start to read it.

keep up the good work.

Regards
  • #814
  • Aug 31, 2011 12:34am Aug 31, 2011 12:34am
Haha, in the censored gold thread someone CLAIMS he has 30 years of experience and people just take his word for it!!!

Would be interesting if he can prove it... I am really glad this MASTER MENTOR is finding his place
  • #815
  • Aug 31, 2011 12:41am Aug 31, 2011 12:41am
Quoting Fmfx
Haha, in the censored gold thread someone CLAIMS he has 30 years of experience and people just take his word for it!!!

Would be interesting if he can prove it... I am really glad this MASTER MENTOR is finding his place
The person who claims was beeb. He already got some bullets about his ego beeb is always saying about his experience and so on... But he is often right, with his channeling technics.
  • #816
  • Aug 31, 2011 3:05am Aug 31, 2011 3:05am
Quoting ph3onix
According to NEoWave (most advanced EWA technic ever made) you wrong.

On your chart wave-B is completed (around 61.8% of wave-A) in this case - ZigZag is forming. In Zigzags wave-B must take AT LEAST same time as wave-A (normally should take more time). Your wave-B takes LESS time, it means your wave-B is underway and NOT ended. Even wave-B has ended and wave-C is underway (its impossible, but anyway) wave-2 of wave-C cannot retrace further than 61.8% of wave-1, so current (todays) rally shows us that Zigzag cannot be here... But UNTILL 61.8%...
gold has made a temporary top at 1837.32 by now..

based on your analysis that if 61.8% remains unbroken (1831), we could assume downtrend is still in play.. then it's ready to touch 1700 any time..
  • #817
  • Edited 3:47am Aug 31, 2011 3:35am | Edited 3:47am
Quoting The Oracle
gold has made a temporary top at 1837.32 by now..

based on your analysis that if 61.8% remains unbroken (1831), we could assume downtrend is still in play.. then it's ready to touch 1700 any time..
Not exactly... I wrote that there are two possible options for current wave. First is the Flat, second is Triangle. Flat is preferred, but Triangle is also not dead... If price will consolidate near 61.8% next few days, or make a drop till 1811 we may change preference from Flat to Triangle. If triangle is forming - then we will se NO NEW HIGH before breaking 1700 level.

P.S. Even Gold will break 1700, we can't assume that bull market is over... Only when 1600 be broken we can say that Gold bull market is over, and bear market began at 1914.
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  • #818
  • Aug 31, 2011 6:15am Aug 31, 2011 6:15am
Quoting ph3onix
Not exactly... I wrote that there are two possible options for current wave. First is the Flat, second is Triangle. Flat is preferred, but Triangle is also not dead... If price will consolidate near 61.8% next few days, or make a drop till 1811 we may change preference from Flat to Triangle. If triangle is forming - then we will se NO NEW HIGH before breaking 1700 level.

P.S. Even Gold will break 1700, we can't assume that bull market is over... Only when 1600 be broken we can say that Gold bull market is over, and bear market began at 1914.
a triangle could be taking shape then.. but data coming out should have major bearing on its direction..
  • #819
  • Aug 31, 2011 6:54am Aug 31, 2011 6:54am
Quoting The Oracle
a triangle could be taking shape then.. but data coming out should have major bearing on its direction..
Right, if triangle is forming - thrust will be bearish. Also there is a chance that thrust will be very powerful!
  • #820
  • Aug 31, 2011 7:48am Aug 31, 2011 7:48am
I have no idea of what those waves are, and I'm sorry for asking without putting efforts to learn something first.

But, for that triangle to form (which, you say, will cause a bearish thrust), the price needs to hit ~1800 and then touch ~1850?
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