Tag Archives: Elliott Wave

Elliott Wave Forex Weekly Forecast-April-4-2011EUR/USD

Elliott Wave Forex Weekly Forecast-April-4-2011EUR/USD – Down TrendTrend is bearish in 4 hours chart. Resistance is present at 1.3251price level. So, as long as price stay …
Read full analysis…http://readyforex.com/Elliott-Wave-Forex-Weekly-Forecast.php
Elliott Wave Forex Weekly Forecast readyforex.comReal Testimonials from Students: I thought this was just another FX Course and the only reason I took it was the fact it came highly recommended by a friend. And boy am I glad I took it. not only want you to make many…
==I think volatility in #eurusd could calm down, here is my long term view http://screencast.com/t/uCa1ZQ9m
==After studying the structures of various currencies against the US Dollar, I arrived at a conclusion that a super-spike in USD (something like 2008) is due within the next 12-15 months…. Major basing action in major pairs around the globe…
==How do you define “studying the structures of various currencies”? This is about as general and therefore unhelpful a comment imaginable.
==I disagree with you; I understood what he was saying; and I agree; Perhaps you should just ask him to elaborate more nicely; I study structure of elliott waves using fibo time zones and fibo expansions, squaring price/time; and I am just wondering how you came on that conclusion?–
good day to both of you. I agree, I should have elaborated. Let me create a pdf with my observation and upload it on slideshare.
==that would be great. I apologize for coming across so harshly–just wanted to ensure people provide meaningful insights here, as opposed to unsupported opinion. Looking forward to reading your analysis.
==do u mean dollar index or individual pairs?

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Elliott Wave Technology and Quant Analytics: The Cost of Avoiding Armageddon

Elliott Wave Technology and Quant Analytics: The Cost of Avoiding Armageddon elliottwavetechnology.comWe simply could not resist sharing this tell-tale graphic. We borrowed this illustrative chart-attack from Zero-Hedge, who borrowed it from Bloomberg, who borrowed it from Strategas Research Partners. In ==
Traders check out www.chartlabpro.com

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Automated Elliott Wave Pattern recognition with Fib Relationships

Automated Elliott Wave Pattern recognition with Fib Relationships

Has anyone managed to develop any software that can recognize the standard elliott wave patterns and generate trades based on the highest probability next wave?

 


Yep, in my case I did not get any profitable results. I tested on stocks, a time frame was EOD. BR.

Absolutely – please look at MTpredictor.com – I use the EOD version and works very very well for all markets.. I trade futures.

 

Just consider the opposite.

“neural network model perform better than the human brain at recognizing “sequential signal patterns” such as stock prices, whereas the human brain is better at recognizing “parallel signal patterns”—the human eye can easily tell a picture of a tiger from a picture of a cat.”

Why should you use mechanical Elliott wave to fit the market into something that obviously it is not. For example R. Miner one of the most prominent ellioticians recognized that most of the time the market does not allow an Elliott waves fit. So if you ask an algorithm it will force it to give you a solution and the solution guess what would be …

On the other hand the market very often produce nice trends that can be analysed with Elliott wave pattern structure. And there is the catch.

Use you human pattern recognition abilities to find a good trend. And then train on this Elliott wave pattern your algorithm whatever it can be.

For more read here.
http://beathespread.com/groups/profile/77/elliottware-machine-learning-extension-of-elliott-wave-principle

 

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what does the success/failure ratio look like?

 

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We made some trials but to tell you the truth I did not test it in a professional way.
http://beathespread.com/blog/view/451/elliottware-with-neuroshell

 

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Like most successful long term systems, win ratio is low at 30%. You can tweak in many different ways. Using data 1990-2010 on 12 futures markets winratio 30%, max DD = 23.5 R where R = amt risked per trade. After 20 yrs total profit = 303 R.

For e.g. if R = $3K during those 20 yrs, max DD = $70K (yes quite high), but you would have made 303R = $909000. I have been forward testing for 2 yrs and plan to go live next October. Advantage with EOD is you don’t have to follow intraday charts.

 

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you can also get the real time version – there are pluging for Tradestation, Ninjatrader and eSignal. I used Ninjatrader realtime for a while – experiment with Fx or futures in different timeframes (3min – 240mins). The founders frequently have webinars where they show you live trades. Just sign up on the website..

 

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i have not used it, but i think Metastock has a plug-in on EW.

 

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Recognia has just released Elliott Wave analysis in the Bloomberg Terminal. Other brokers will likely soon offer this capability. Agreed with John_fx re tigers and cats, but automated recognition allows the delivery of candidates for the human eye that the human eye would otherwise never encounter.

 

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Maybe it is the same process as pattern recognition scanner autochartists offered by interbank fx. well it does not replace the human but it scans all the market saving you a lot of work.

But still when you identify a reliable elliott pattern, consult another model specially trained for this elliott wave market segment.

Any was this is just an idea.

 

 

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