- 金币:
-
- 奖励:
-
- 热心:
-
- 注册时间:
- 2006-7-3
|
|
楼主 |
发表于 2009-4-19 18:20
|
显示全部楼层
Announcement
1. In connection with preparation and holding of the third international exhibition ForexExpo-2006, release of Daily Wave Analysis will continue next week.
2. I am glad to tell you that on November 25, 2006 at 11:00 (Moscow time) at the third international exhibition ForexExpo-2006 my book Elliott's Code: Wave Analysis of the FOREX Market will be presented (refer to Schedule of Presentations and Master Classes). I will review my book there, but most of time will be devoted to consideration of the methods of market movements projections. Admission free.
Note. Time of the presentation beginning is better to be specified on Alpari's stand.
Here are some extracts from handouts:
The book represents an expanded reference book on Elliott's Wave Principle (EWP) and its practical application in the Forex market. Not only the elements of wave construction and edifice of their labeling, but also the most complete catalogue of wave patterns with a full description of their features and characteristics are described in the book.
Besides well-known classical materials the catalogue of wave patterns includes: - new features and characteristics of already known patterns;
- new varieties of corrective patterns;
- new classification of corrective patterns not only by their inner wave structure but by their tasks as well.
Special attention in the book is given to the most complicated group of patterns, extended corrections. Not only the difference in their features is described, but also their general unique characteristics are given for the first time in wave analysis.
The necessary set of instruments for a waver and main methods to project price movement and reversal points of the wave patterns are given in the book. Application of this set of aids in the real market is considered in details in practical examples.
True proportions of wave patterns are given in almost every chart of the book to demonstrate compliance of calculated waves correlation with real values. With this purpose author's system of waves proportion labeling is introduced, with the help of it one can get a clear image of a pattern inner waves correlation simultaneously by three main methods of calculations, given in the book.
In addition to the basic theoretical material on Elliott Wave Principal general List of rules and instructions for wave patterns is given. In the final part of the book under the title “Theory and Reality” possible exceptions to the rules of the wave patterning are given, that is the main wave abnormalities, which may be met in the real FOREX, are discussed.
The most distinctive feature of this book on wave analysis is that the material is based on real examples, rather than on schematic wave patterns, that makes it easy to change from studying of theory to individual practical work.
The book Elliott's Code: Wave Analysis of the FOREX Market is meant for analytics and traders, who are interested in Elliott's principal and financial markets forecasting on the basis of wave analysis.
Note
- Once the opposite to the trend edge (base line or trend line) is tested any impulse or zigzag of any size may be considered to be completed. The inner wave counting of such a movement is of conventional character.
- The error of the trend reversal points defining with the help of impulse method is about +/- 1..4 time units. Date on the weekly chart is the last day of the current week.
- Often support and resistance levels, mentioned in the reports, are remote from the current price. In this case confirming or denying signals may be delayed. That is why in addition to the critical levels analysis inner structure analysis of the waves, moving in the same direction, should be used.
- It should be remembered that EWA forecasts show the probable price movements. This report is subject to change and reveals the analyst opinion of the situation at the moment of its release.
- Given possible trading plans are purely informational purpose only and they should not be considered as trading guides.
- Survey wave counting, alternate variants and possible schematic price movements are given in:
1. USD/CHF
For CHF survey wave counting refer to Monthly-1106 and article Check point. USD fall may continue till May 2007. Refer to Figure 1 for the wave counting draft for this currency on 480 min chart.
Figure 1. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the triple three. Ending of the second wave [x] is the critical level.
In the mid-term perspective uptrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 2.
Figure 2. Wave counting on 120 min chart.
Price has chosen the alternate scenario, marked grey in the previous reports. One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be almost completed.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
2. EUR/USD
For EUR survey wave counting refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
Figure 3. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the horizontal triangle. Ending of wave [d] is the critical level.
In the mid-term perspective downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 4.
Figure 4. Wave counting on 120 min chart.
Price has chosen the alternate scenario, marked grey in the previous reports. One of possible variants of wave counting is given in the chart. Wave (x) is supposed to be almost completed.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
3. GBP/USD
For survey wave counting of this currency refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
Figure 5. Wave counting on 480 min chart.
It is possible that mid-term reverse in favor of the dollar has already happened, wave X keeps forming in the shape of the skewed triangle. Ending of wave [d] is the critical level.
In the mid-term perspective downtrend forming is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 6.
Figure 6. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. The upper edge of the diagonal triangle has been broken, as it often happens with contracting patterns. Downtrend may continue in the zigzag mode.
In the short-term plan downtrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
4. USD/JPY
For survey wave counting of this currency refer to Monthly-1106, Check point. USD fall may continue till May 2007. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
Figure 7. Wave counting on 480 min chart.
Price has been fluctuating within the horizontal channel between 117.00-118.50 for more than a week, increasing possible variants of wave counting marking and not giving a univocal confirmation of uptrend beginning.
In the mid-term perspective uptrend is expected to form. Price movement schematic forecast and support/resistance levels are shown in the chart. For more details refer to Figure 8.
Figure 8. Wave counting on 120 min chart.
One of possible variants of wave counting is given in the chart. 118.50 barrier has not been broken yet.
In the short-term plan uptrend is expected to continue. Price movement schematic forecast and support/resistance levels are shown in the chart.
Reference
November 22, 2006 The ideas given above are purely informational purpose only. This report was translated by Natalya.
Do not reproduce without explicit permission of Alpari Ltd |
|
|
[复制链接]
