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Learning the Elliott Waves is difficult but not impossible |
info
White Belt
Joined: 16 Jul 2011
Posts: 58
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Post: #61  Posted: Mon Oct 13, 2014 11:14 am Post subject: |
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What is extracting Triangle pattern ? How to recognize it ? 
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Ruchirgupta2000
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Joined: 12 Jun 2014
Posts: 297
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| Post: #62 Posted: Fri Oct 17, 2014 4:19 pm Post subject: Books by Bradley Cowan |
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Smthing very important for learning Gann and time price relationships is that I came accross a book by Bradley Cowan, I never heard about his name earlier, but the titles of his books seemed very mysical. and hence I donwloaded them. In his book he asked the readers to first study the following subjects:
Motion by Neuton
Quantum Phisics
Celestial Navigation
Bohr's Atom
Periodic table of elements
chaos Theory
By god's grace I was able to find them all on youtube. and right now thinking to study them, studing all these is very time consuming, however this is smthing that could be learned as a part of refreshment.
As time and space are not seperate they are one, our market's time and
price (space) is also the same and not seperate. you could know that by a single examples that many a times stock keeps consolidating for time but once it starts moving travels diagonally equivalent distance to time passed.
as the time and space in 4 dimentional, so is time and price.
same happens when Gleen Neely says that the most extended waves must be either precedeed or must be followed by a complex time consuming correction.
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Ruchirgupta2000
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Posts: 297
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Ruchirgupta2000
White Belt
Joined: 12 Jun 2014
Posts: 297
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| Post: #64 Posted: Fri Oct 17, 2014 4:33 pm Post subject: Re: Learning Elliott wave |
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| info wrote: | I would also like to learn elliott wave. Can anyone tell me which wave is going on at daily chart ?  |
Brother you will not learn by knowing which wave is going on rigth now. but studing the books. I have read so many experts and thier blogs and all of them are saying different things.
You need to learn and then trust your wave counts .
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aagarwal
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Joined: 09 Oct 2014
Posts: 5
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| Post: #65 Posted: Fri Oct 17, 2014 11:30 pm Post subject: |
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| [CONTENT REMOVED BY ADMIN], MESSAGE POSTING ACCESS REMOVED.
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Ruchirgupta2000
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Joined: 12 Jun 2014
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #67 Posted: Tue Oct 21, 2014 2:03 pm Post subject: |
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May be someone can check
But I think ( PLS CORRECT If am wrong) the fall from 8180 / 8160 has still not taken -a 5 wave(minor ) impulse and hence should be considered as part of ending diagonal or a retrace of 5 of 5 of 1 or whatever count one adopts......
In that possibility a move up to OR beyond 8160 levels ( it can halt earlier at 8030-8050 as wel) can result
The market may not be suggesting that still?????
But then as per time it should scale back below 7500 from this last hurray
Pls have a check of EW counts of Ritapandit as well ( while my views above ar separate) her counts are worth pondering over.
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Ruchirgupta2000
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Joined: 12 Jun 2014
Posts: 297
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| Post: #68 Posted: Mon Nov 03, 2014 10:52 am Post subject: |
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| Ruchirgupta2000 wrote: | | Bank Nifty seems to be in a wave 4 Consolidation and may move 3000- 3500 from here. see the attached images. Experts please comment your views. |
BankNifty has moved from 14300 to 17100= 2800 points
I was in the view of the upmove of 3000-3500 points.
Now we should be cautious.
Last edited by Ruchirgupta2000 on Mon Nov 03, 2014 3:09 pm; edited 1 time in total |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #69 Posted: Mon Nov 03, 2014 1:32 pm Post subject: |
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hi can u check and comment on one or more of below things:
- if 1st wave has leading diagonal, target (min or max or both) for 5th wave OR its retrace
- when can 5th wave failure occur (eg: if (iii) of 3 is extended???)
- what is "timing" for 5th wave is 3rd is extended
- "truncated 5 wave " or lower targets for 5th wave in which scenarios
talking of Nifty for the above but need to just know what EW & Neely says
[ can consider bottom from 4531 or 5119 eitherways)
rgs
amit
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Ruchirgupta2000
White Belt
Joined: 12 Jun 2014
Posts: 297
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| Post: #70 Posted: Mon Nov 03, 2014 1:43 pm Post subject: |
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| amitagg wrote: | hi can u check and comment on one or more of below things:
- if 1st wave has leading diagonal, target (min or max or both) for 5th wave OR its retrace
- when can 5th wave failure occur (eg: if (iii) of 3 is extended???)
- what is "timing" for 5th wave is 4th is extended
- "truncated 5 wave "
talking of Nifty for the above but need to just know what EW & Neely says
[ can consider bottom from 4531 or 5119 eitherways)
rgs
amit |
Amazed by your questions, as I never tried to think about these things in advance but surely will find answers for these and get back to you.
Have forgotten many things from Neely book as was out of touch for many days. will once again read it and get back to you.
give me some time.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #71 Posted: Mon Nov 03, 2014 1:45 pm Post subject: |
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| Ruchirgupta2000 wrote: | | amitagg wrote: | hi can u check and comment on one or more of below things:
- if 1st wave has leading diagonal, target (min or max or both) for 5th wave OR its retrace
- when can 5th wave failure occur (eg: if (iii) of 3 is extended???)
- what is "timing" for 5th wave is 4th is extended
- "truncated 5 wave "
talking of Nifty for the above but need to just know what EW & Neely says
[ can consider bottom from 4531 or 5119 eitherways)
rgs
amit |
Amazed by your questions, as I never tried to think about these things in advance but surely will find answers for these and get back to you.
Have forgotten many things from Neely book as was out of touch for many days. will once again read it and get back to you.
give me some time. |
its perfectly okay if u have some other work. they are for academic purpose. I asked you because u are most informed for me. 
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Ruchirgupta2000
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Joined: 12 Jun 2014
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Ruchirgupta2000
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Joined: 12 Jun 2014
Posts: 297
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Ruchirgupta2000
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Joined: 12 Jun 2014
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #75 Posted: Mon Nov 03, 2014 3:18 pm Post subject: |
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5th failure:
"All Terminals (and Triangles)
experience what I call
Supplemental Price and Time
action. That is when the
market goes slightly beyond
the best calculated price and
time zones, only to reverse
and do what was originally
expected. Unfortunately, it is
right at the end of this pattern
that the average trader gives
up, reverses his position, only
to be stopped out. Shortly
thereafter, the large trend he
was predicting ends up
happening WITHOUT him."
per "algo trading" these days best calculated price can be 8900+ upwards.....not sure of time though if available.
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