I made a study of the EW rules regarding Triangles and Diagonals a while back. You may find it helpful as a reference. http://fibonacci-financial.blogspot.com/2009/10/wedges.html
Nice work Max, how about some more fx analysis. BTW you helped answer a question EW couldn't/wouldn't, namely where does wave 1 (of same degree) start when price action changes direction as is common in mean reverting fx market ... i.e. end wave 5 of prior market cycle. Thanks. PS while cable followed your expected direction, we might of course see a truncated 5 leaving prior 1.36 low intact. naturally these uncertainties do of course prove the old adage that ideally it's best only to trade wave 3s in whatever timeframe they appear :)
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I was fortunate enough to have had the opportunity to spend my gap year getting acquainted with technical analysis and market trading.
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"Magno Arms" What Does It Indicate? Nothing Good
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*UPDATE *
As an affiliate of Elliott Wave International I'll be promoting the
following all week:
EWI has given me the OK to share Bob Prechter's April ...
3 comments:
You're doing a great job.
I made a study of the EW rules regarding Triangles and Diagonals a while back. You may find it helpful as a reference.
http://fibonacci-financial.blogspot.com/2009/10/wedges.html
Max,
I don't see a way you contact you through e-mail.
I wonder if you would send me an e-mail so that we can further discuss the reply you made on my Blog.
kumobob@sbcglobal.net
Nice work Max, how about some more fx analysis. BTW you helped answer a question EW couldn't/wouldn't, namely where does wave 1 (of same degree) start when price action changes direction as is common in mean reverting fx market ... i.e. end wave 5 of prior market cycle. Thanks. PS while cable followed your expected direction, we might of course see a truncated 5 leaving prior 1.36 low intact. naturally these uncertainties do of course prove the old adage that ideally it's best only to trade wave 3s in whatever timeframe they appear :)
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