Elliott Wave Analysis

[Firma]

Trading Method 2

The Contracting 4th Wave Triangle

Unlike Trading Method 1 where you should be looking to take advantage of trends, this method is a shorter term style of trading. If you remember the rule that states:

• Triangles are never a wave 2 correction, they only occur as a wave 4 correction

Because of this rule, it stands that if you do find a triangle it has to be wave 4 (unless the triangle is an X wave in a complex correction, however in this method we only look to the wave 4 triangles). Therefore the next move will always be wave 5. Whether or not wave 5 will extend depends on whether or not wave 1 or 3 extended, however to keep things simple and for the sake of risk, we assume it wont.

For this trading method we only look for contracting triangles (as opposed to expanding triangles), and we enter on the break of the high of wave D, and place our stop below wave E.

The reward to risk potential is quite good for this method because of the small size of wave E compared to the size of wave A. The general rule in Elliott Wave is that price will advance at least the length of the triangles wave A, thus giving quite a good reward to risk ratio. However you can also apply channel lines and Fibonacci to try and pin point an end to wave 5 should you wish.

You may also look to incorporate Trading method 1 with 4th wave triangles. Essentially, you are looking to trade the break of wave 1, of the 5th wave that always follows a triangle.

 

[Firma]

Trading Method 3

The 5th Wave Diagonal

This method is probably the hardest because diagonals rarely look clean. On top of that, you don’t always get the correction you want with price only making a slight retreat before moving on again. However, they also can provide some of the most dramatic free falls you’ll ever witness.

The clear indication for me other than the rules of the Diagonal as stated by Elliott Wave is the clear overlapping of price. When price is trending with higher highs and higher lows, they don’t overlap unless a wave is extending, however with a 5th wave diagonal; price bunches up into a wedge. Not only do the highs and lows bunch up, but so does the time involved; it’s as if forward momentum is coming to a screeching halt.

Similar to the triangle method, the way to trade a diagonal is to enter at the break of the low of wave D and place your stop above the high of wave E. Elliott Wave theory suggests that the price should fall to around the low of wave A however if you are to take advantage of any free falls, it is a suggestion to wait for price to be in your favour and move your stop to break even. Once done if price is going to free fall you’ll know its happening as it is unmistakable.

If your paper profit is well in excess of your risk then take your profits. Of course you can always use the low of wave A as a pre-determined profit target to close out half your position and let the rest run.

As with Trading method 2, you can use Trading method 1 with this method. If you believe the 5th wave diagonal has ended, you are looking for the wave A to begin which will create it's own wave 1 and wave 2. You'd enter at the break of wave 1.

 

[amat_kayu]

Salam

Salam,

Satu perkongsian yang bijak dan berguna. Terima kasih pada masta-2 e-wave kat sini. Aku pun salah seorang peminat e-wave. Lantak ler apa org nak kata, so far e-wave bagi aku FUN.

aku doa kan masta-2 yg sanggup kongsi knowledge kat sini, murah rezki dan betambah lah knowledge anda.


rdgs
amat

 

[nagagila]

ni aku nak kongsi entry aku lak...

biasanya aku masuk di fractal b (pending order) kemudian SL 1 aku jadikan stop loss pemulaan... kalau market melepasi garisan Enter long Here. aku akan pindah stop loss ke SL 2.

tengok gambar yg aku post sebelum ni..

ni plak gambar abc aku..

sekadar berkongsi ilmu...

TP aku lak nanti aku cerita kemudian....

 

[nagagila]

Trading Method 3

The 5th Wave Diagonal

This method is probably the hardest because diagonals rarely look clean. On top of that, you don’t always get the correction you want with price only making a slight retreat before moving on again. However, they also can provide some of the most dramatic free falls you’ll ever witness.

The clear indication for me other than the rules of the Diagonal as stated by Elliott Wave is the clear overlapping of price. When price is trending with higher highs and higher lows, they don’t overlap unless a wave is extending, however with a 5th wave diagonal; price bunches up into a wedge. Not only do the highs and lows bunch up, but so does the time involved; it’s as if forward momentum is coming to a screeching halt.

Similar to the triangle method, the way to trade a diagonal is to enter at the break of the low of wave D and place your stop above the high of wave E. Elliott Wave theory suggests that the price should fall to around the low of wave A however if you are to take advantage of any free falls, it is a suggestion to wait for price to be in your favour and move your stop to break even. Once done if price is going to free fall you’ll know its happening as it is unmistakable.

If your paper profit is well in excess of your risk then take your profits. Of course you can always use the low of wave A as a pre-determined profit target to close out half your position and let the rest run.

As with Trading method 2, you can use Trading method 1 with this method. If you believe the 5th wave diagonal has ended, you are looking for the wave A to begin which will create it's own wave 1 and wave 2. You'd enter at the break of wave 1.

kalau yg ni plak... sah aku tak masuk punya....

 

[amat_kayu]

ni aku nak kongsi entry aku lak...

salam,

pada aku pulak, normally aku akan masuk pada point C, di mana bergantung jenis price action pada waktu tuh, sama ada hammer, atau bullish engulfing. sometimes people says divergence kalau guna bar chart.
pada aku pulak senang jer,.. aku akan tgk price high low and close kat point C. kalau close adalah di portion lebih kecil atau 1/3 dari candle stick tuh sebelah atas (dekat dgn high),.. then aku masuk. in other word samalah dgn hammer,.. atau bulish engulfing. SL pulak aku letak 5 pip bawah dari low candlestick tuh. Sometimes people call this teknik buy from dip (BFD). dengan cara ini risk dapat di minimized kan sekecil mungkin.

Once dah +25 pip, then aku akan move SL ke +1,.. and let the profit run with NO RISK.

rdgs
amat

 

[nagagila]

ni aku nak kongsi entry aku lak...

salam,

pada aku pulak, normally aku akan masuk pada point C, di mana bergantung jenis price action pada waktu tuh, sama ada hammer, atau bullish engulfing. sometimes people says divergence kalau guna bar chart.
pada aku pulak senang jer,.. aku akan tgk price high low and close kat point C. kalau close adalah di portion lebih kecil atau 1/3 dari candle stick tuh sebelah atas (dekat dgn high),.. then aku masuk. in other word samalah dgn hammer,.. atau bulish engulfing. SL pulak aku letak 5 pip bawah dari low candlestick tuh. Sometimes people call this teknik buy from dip (BFD). dengan cara ini risk dapat di minimized kan sekecil mungkin.

Once dah +25 pip, then aku akan move SL ke +1,.. and let the profit run with NO RISK.

rdgs
amat

bro... boleh letak gambar tak... aku cuba cari gak entry kat C. tapi banyak sgt false signal... :-?

 

[Firma]

Trading Method 3

The 5th Wave Diagonal

This method is probably the hardest because diagonals rarely look clean. On top of that, you don’t always get the correction you want with price only making a slight retreat before moving on again. However, they also can provide some of the most dramatic free falls you’ll ever witness.

The clear indication for me other than the rules of the Diagonal as stated by Elliott Wave is the clear overlapping of price. When price is trending with higher highs and higher lows, they don’t overlap unless a wave is extending, however with a 5th wave diagonal; price bunches up into a wedge. Not only do the highs and lows bunch up, but so does the time involved; it’s as if forward momentum is coming to a screeching halt.

Similar to the triangle method, the way to trade a diagonal is to enter at the break of the low of wave D and place your stop above the high of wave E. Elliott Wave theory suggests that the price should fall to around the low of wave A however if you are to take advantage of any free falls, it is a suggestion to wait for price to be in your favour and move your stop to break even. Once done if price is going to free fall you’ll know its happening as it is unmistakable.

If your paper profit is well in excess of your risk then take your profits. Of course you can always use the low of wave A as a pre-determined profit target to close out half your position and let the rest run.

As with Trading method 2, you can use Trading method 1 with this method. If you believe the 5th wave diagonal has ended, you are looking for the wave A to begin which will create it's own wave 1 and wave 2. You'd enter at the break of wave 1.

dalam bab classical chart pattern...ini boleh dianggap wedge pattern

 

[Firma]

ni aku nak kongsi entry aku lak...

salam,

pada aku pulak, normally aku akan masuk pada point C, di mana bergantung jenis price action pada waktu tuh, sama ada hammer, atau bullish engulfing. sometimes people says divergence kalau guna bar chart.
pada aku pulak senang jer,.. aku akan tgk price high low and close kat point C. kalau close adalah di portion lebih kecil atau 1/3 dari candle stick tuh sebelah atas (dekat dgn high),.. then aku masuk. in other word samalah dgn hammer,.. atau bulish engulfing. SL pulak aku letak 5 pip bawah dari low candlestick tuh. Sometimes people call this teknik buy from dip (BFD). dengan cara ini risk dapat di minimized kan sekecil mungkin.

Once dah +25 pip, then aku akan move SL ke +1,.. and let the profit run with NO RISK.

rdgs
amat

tapi price boleh membuat pullback/ runaway apabila sentuh trednline tu.....

 

[amat_kayu]

tapi price boleh membuat pullback/ runaway apabila sentuh trednline tu.....

that why kita kena naikkan SL to BE+1 (breakeven) , utk minimizekan risk jika pulback kat down trendline,.. dan lock the profit dgn menggunakan EA atau traling stop , whichever is convinient.

confirmation dgn candlestick juga amat penting. Kalau nak lebih secure, tgk volume dgn menggunakan VSA (volume spread analysis). They are interrelated.

rule # 1, protect your capital
rule # 2, bank in your profit.
rele # 3. jangan overconfidence dgn counting kita sbb anything can happend

aku nya preferable timeframe H1 above. bawah H1, byk noise. I don't trade with noise.

rdgs
amat