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A blog dedicated to Elliot Wave's News & Tips plus Some Technical Analysis, Investment Review

The Hindenburg Omen — Omen-ous or Not?

Posted August 25th, 2010 at 11:08 am by aviro25
Filed under: Elliot Wave
Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 24, 2010 By Elliott Wave International On Aug. 12, ...
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Efficient Market Hypothesis: R.I.P.

Posted August 20th, 2010 at 10:08 am by aviro25
Filed under: Elliot Wave
August 19, 2010 By Elliott Wave International Of all the belief systems of Wall Street, few can claim the ...
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Trade View: GBP/USD & GBP/JPY for 20 July 201...

Posted July 20th, 2010 at 11:07 am by aviro25
Filed under: Forex, GBP/JPY, GBP/USD
Hi Guys, Yesterday was a significant loss. Nevermind, its a process of learning of this system. At least im not hidden for what I'm doing. So ...
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Trade View: GBP/USD for 19 July 2010

Posted July 19th, 2010 at 12:07 pm by aviro25
Filed under: GBP/USD
Based on market open today, after considering several factor, I waiting for bullish opportunity and will enter market only if the price cross Daily ...
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Archive for July, 2010

Blog Down

Hello guys.. there is I dunno what to call.. a virus or wat that needed me to delete it and affect the database and so on.. so within the 3 days.. This website are down until now after my hosting company has made restoration of my blog. Im so lucky have a great support hosting from my hosting company. Thanks to them. Those hackers.. please..i aint no rich person. PLease dun put any of file that I didnt want to..

This data loss takes a whole post in last week lost without saying gudbye…

So sad…huhu..penat tau type last week nyer post..aduhai..

ok then…c yaa later..

Regards,

Aidil Azhar

GBP/JPY November,21 2007

Hello my fellow readers!

Today I just came up with my simplest count. No hassle with messy chart. Just want to share my counting that can be use starting from the Japanese session on November,21 till US session hope so :)


Have a Look!! (Click on Picture for Larger View)

Oh ya.. Have you tried the Elliot Wave tutorial after watch the Crash Course?

So how do you feels about the tutorial? Those who didn’t complete the tutorial may start as soon as possible.

To start your Elliott wave education tutorial now, click here.

You can read my previous post about the Elliot Wave Crash Course in the archive in the link above and all the article that you interested. Have fun :)

 

Regards,

Aidil Azhar

Novice Trader

Free Elliot Wave Video Lesson

Hi guys,

How are you! Its been a long time since I posted my analysis. Based on my previous analysis. Although my counting of Elliot Wave is kinda not in correct part not as professional count. But as intraday position all were ended as a good profit position. But look guys! I have found something that you might interested that is a free lesson of Elliot Wave. So my point is, I want to share you some free video lesson of Elliot Wave that been offered by Elliot Wave International for you. With no cost at all. I know you are the same type as me that like freebies :)


All you have to do is sign-up for free and you entitled to watch the video. See yourself if it will bring your trading result one step further.

Click Here to Learn The Crash Courses Video

For those who still new in trading and need to know the what is the heck Elliot Wave. Feel free to read my previous Article about Elliot Wave entitle:

What Is Elliot Wave?

Click Here to Know About The Elliot Wave Principle

Although you can learn by book. But didn’t you agree that by watching the video will make you more alert of the system itself. By the way, the specialty of Elliot Wave for me personally that is you can combine it with your system and enhanced your system to filter the false signal in predicting the market.

So, what are you waiting for. Click the video to watch now and it all for you with NO COST AT ALL and yes. It is true, it is FREE!

Don’t give a second choice of your life. Happy Watching and Learning

Click the banner to watch!

Regards,

Aidil Azhar

The Novice Trader.

The Elliott Wave Principle

In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery “The Elliott Wave Principle,” and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture.

Robert Prechter, Jr., president of Elliott Wave International, resurrected the Wave Principle from near obscurity in 1976 when he discovered the complete body of R.N. Elliott’s work in the New York Library. Robert Prechter, Jr. and A.J. Frost published Elliott Wave Principle in 1978. The book received enthusiastic reviews and became a Wall Street bestseller. In Elliott Wave Principle, Prechter and Frost’s forecast called for a roaring bull market in the 1980s, to be followed by a record bear market. Needless to say, knowledge of the Wave Principle among private and professional investors grew dramatically in the 1980s.

When investors and traders first discover the Elliott Wave Principle, there are several reactions:

  • Disbelief – that markets are patterned and largely predictable by technical analysis alone
  • Joyous “irrational exuberance” – at having found a “crystal ball” to foretell the future
  • And finally the correct, and useful response – “Wow, here is a valuable new tool I should learn to use.”

Just like any system or structure found in nature, the closer you look at wave patterns, the more structured complexity you see. It is structured, because nature’s patterns build on themselves, creating similar forms at progressively larger sizes. You can see these fractal patterns in botany, geography, physiology, and the things humans create, like roads, residential subdivisions… and – as recent discoveries have confirmed – in market prices.

Natural systems, including Elliott wave patterns in market charts, “grow” through time, and their forms are defined by interruptions to that growth.

Here’s what is meant by that. When your hands formed in the womb, they first looked like round paddles growing equally in all directions. Then, in the places between your fingers, cells ceased growing or died, and growth was directed to the five digits. This structured progress and regress is essential to all forms of growth. That this “punctuated growth” appears in market data is only natural – as Robert Prechter, Jr., the world’s foremost Elliott wave expert and president of Elliott Wave International, says, “Everything that thrives must have setbacks.”

Basic Elliott Wave PatternThe first step in Elliott wave analysis is identifying patterns in market prices. At their core, wave patterns are simple; there are only two of them: “impulse waves,” and “corrective waves.”

Impulse waves are composed of five sub-waves and move in the same direction as the trend of the next larger size (labeled as 1, 2, 3, 4, 5). Impulse waves are called so because they powerfully impel the market.

A corrective wave follows, composed of three sub-waves, and it moves against the trend of the next larger size (labeled as a, b, c). Corrective waves accomplish only a partial retracement, or “correction,” of the progress achieved by any preceding impulse wave.

As the figure to the right shows, one complete Elliott wave consists of eight waves and two phases: five-wave impulse phase, whose sub-waves are denoted by numbers, and the three-wave corrective phase, whose sub-waves are denoted by letters.

What R.N. Elliott set out to describe using the Elliott Wave Principle was how the market actually behaves. There are a number of specific variations on the underlying theme, which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable requirements as well as tendencies. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge of such details is necessary to understand what the markets can do, and at least as important, what it does not do.

You have only just begun to learn the power and complexity of the Elliott Wave Principle. So, don’t let your Elliott wave education end here. Join Elliott Wave International’s free Club EWI and access the Basic Tutorial: 10 lessons on The Elliott Wave Principle and learn how to use this valuable tool in your own trading and investing.

How do I choose my take profits and stop losses? by Marilyn Mcdonald

Today I found something so good in the web and I gladly like to spare you the article I’ve read. Credit to Marilyn Mcdonald the author of this article.

There are a number of theories surrounding take profits and stop losses. I believe that knowing when to exit a trade is nearly as important as know when to enter a trade, yet so much less attention is paid to it.

I think this stems from the fact that it is a little subjective. It really depends on your time frame, your currency pair and what happens to your pair during your chosen time frame.

I have put together the following table as an example but I would encourage you to build your own table every several months. The market does change over time so don’t get caught using old data in your analysis.

 

 

One quick word of caution before we delve in here… just because a pair has a huge trading range in a given session doesn’t mean that it is the best pair to trade. The GBPJPY has a huge trading range. It is an extremely volatile pair and has taken more than a few of my dollars.

The point I am trying to make here is that there are different ranges for different pairs across different time frames. For example setting a 30 pip take profit on a AUDUSD trade placed during the Europe and Asia overlap would be sort of silly since the pair only has an average range of 20 pips during that time period.

Let’s say your chosen trading system is correct 50% of the time. If your take profits are usually 30 pips and your stop losses are usually 15 pips then you would be a profitable trader.

Another method for identifying stop losses is to use common indicators as exit strategies. One such indicator is the Parabolic SAR, see page XXX for additional details.
Marilyn McDonald is an author and foreign exchange trader. She can be reached via her website at www.marilynmcdonald.com

EUR/USD on Elliot Wave : 11-07-07

so about 3 days i hold my position…now im out :D

thanks for give support to me..

regards,

aidil azhar

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EUR/USD on Elliot Wave : 11-04-07

Hi all.. for the tomorrow market open.. I made some calculation for us to review and analyse each other. Hope to get some feedback from you guys.. begin with monthly counting.




from the monthly counting …it shows that is it entering the top position but as u can see…it is monthly chart…so entering top might consume week or month

next is zoom in to daily

monthly also showing nearly top…if u r position trader…u might want to look at this view or the 4h charts view

from this view…i can see that ..this monday open mightbe the price will go higher to complete wave 5 of wave 3 before proceed the wave 4 correction…

please bear this is not signal…all charts a pending to discussion. Read the DISCLAIMER

Regards,

Aidil Azhar

The Novice Trader

  
  
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