Forums - Perfect Wave

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-- Perfect Wave - 2011-Q2 (http://www.elitetrader.com/vb/showthread.php?threadid=218145)

Posted by snowrider on 04-02-11 10:24 PM:

Perfect Wave - 2011-Q2

I am starting a new thread for 2011 Q2 (Apr - Jun), including EUR, SP, Gold, and JPY. My wave counts of last quarter can be found from:
http://www.elitetrader.com/vb/showt...threadid=212872

Elliott Wave reference can be found from:
http://en.wikipedia.org/wiki/Elliott_wave_principle

My labeling for wave degrees in different time frames:
Monthly – [[[I]]], [[[II]]], [[[III]]], [[[IV]]], [[[V]]], [[[A]]], [[[B]]], [[[C]]]
Monthly – [[I]], [[II]], [[III]], [[IV]], [[V]], [[A]], [[B]], [[C]]
Weekly – [I], [II], [III], [IV], [V], [A], [B], [C]
Weekly – I, II, III, IV, V, A, B, C
Daily – 1, 2, 3, 4, 5, a, b, c
Daily – _1, _2, _3, _4, _5, _a, _b, _c
Hourly – __1, __2, __3, __4, __5, __a, __b, __c

Posted by snowrider on 04-02-11 10:33 PM:

04/02/2011 (Long Term View - Weekly)

Comments are welcome!

Posted by snowrider on 04-09-11 08:13 PM:

04/09/2011

Comments are welcome!

Posted by BlackBison on 04-09-11 08:46 PM:

Hi Snowrider, what software is that where you can draw those waves on the charts?

Posted by toc on 04-09-11 09:12 PM:

Snowrider, can you also add oil to the study.

Excellent Journal! Thanks!!

Posted by snowrider on 04-09-11 09:16 PM:

Quote from BlackBison:

Hi Snowrider, what software is that where you can draw those waves on the charts?

Hi BlackBison - I don't use any EW specific software (even though I use TS for other purpose). I draw these chart manually with free online charting tool:
http://www.freestockcharts.com/

Posted by snowrider on 04-09-11 09:25 PM:

Quote from toc:

Snowrider, can you also add oil to the study.

Excellent Journal! Thanks!!

Hi toc - Thanks for the compliment. I used to trade CL. I stopped trading that because it required rollover every single month. Same reason for other commodities, I used to trade everything, but it made me too busy to take care so many items. Now I focus on trading only these four contracts - ES (SP), GC (Gold), EC (EUR), and JY (JPY).

You can post a CL chart here so that we can discuss.

Posted by snowrider on 04-17-11 04:42 AM:

04/16/2011

Comments are welcome!

Posted by snowrider on 04-24-11 04:59 AM:

04/23/2011

Comments are welcome!

Posted by snowrider on 05-01-11 11:19 PM:

05/01/2011

Comments are welcome!

Posted by snowrider on 05-07-11 07:53 AM:

05/07/2011

Comments are welcome!

Posted by snowrider on 05-14-11 10:53 PM:

05/14/2011

Comments are welcome!

Posted by snowrider on 05-21-11 07:00 PM:

05/21/2011

Many people ask me which color my preferred count is. Now I start labeling that again but with an easier way. The purple line is my preferred count. The wave in gray is the alternative count. Since things change all the time, current view does not reflect the actual view in the week to come.

Comments are welcome!

Posted by snowrider on 05-29-11 04:37 AM:

05/28/2011

Comments are welcome!

Posted by snowrider on 06-05-11 03:07 AM:

06/04/2011

Comments are welcome!

Posted by snowrider on 06-11-11 08:56 PM:

06/11/2011

Comments are welcome!

Posted by snowrider on 06-18-11 06:52 PM:

06/18/2011

Comments are welcome!

Posted by snowrider on 06-26-11 06:27 PM:

06/26/2011

Comments are welcome!

Posted by snowrider on 06-30-11 04:46 AM:

06/29/2011

Comments are welcome!

Case-1: C D [[D]].[C].E 1 2 3 4 5
... to resume the bearish move

Case-2: C D [[D]].[C].E A(abc) B(abc) C
... to form the R shoulder of a huge H&S top

Case-3: C D(abc x abc) [[D]].[C].E(12345)
... to peak at around 1386

Posted by snowrider on 07-01-11 04:08 AM:

Where We Stand Now

06/30/2011

Q - Why is SP's preferred wave count in daily chart a bearish one for semi long term?
A - A convincing answer for general public is the google result of "stock seasonal trend". However, to us EW believers, the real answer is that a super bull (wave-[[[V]]]) will be coming after the bear market ends.

Scenario-1:
A giant multi-year triangle forming
the super cycle's wave-[[[IV]]] will
complete in 800-900 area
sometimes next year, and then a
super bull wave-[[[V]]] starts

However, if the market continues being manipulated and rejecting the gravity, a real doomsday will come eventually. In that case, when all resorts are depleted, the market will hard to come back in decade.

Scenario-2:
If the super cycle's wave-[[[IV]]]
has completed in an flat abc format
in 2009, we now are in wave-[[[V]]]
(the the final phase of the bull market)

Posted by snowrider on 07-02-11 04:36 AM:

This thread is closed. Please visit the new one:
http://www.elitetrader.com/vb/showt...threadid=223002

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