| optiongurus 18 posts
 msg #56894
 - Ignore optiongurus
 | 11/20/2007 7:59:37 PM 
 Anyone in here use elliot wave theory in their trading?  I have a scan that picks up the 123 then retraces the ABC in stock charts, my timing is alittle off so I usally end up missing part of leg A  or I pick it up late on leg 3 on the 60 but my timing is off.  Does anyone have anything similar in stock fetcher?  That and I was wondering if anyone has created a filter that mimics the 60 or 30 minute (12,26,9) macd that you can see on the daily charts?  Any help would be appreciated. I  thank you for your help fellow traders.  Cheers!
 
 
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| bkhurana43 103 posts
 msg #56903
 - Ignore bkhurana43
 modified
 | 11/21/2007 8:43:40 AM 
 Please post your existing scan with reasonable explaination so that fellow traders can comment and see what you are trying to achieve.
 
 
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| danglin 37 posts
 msg #56922
 - Ignore danglin
 | 11/21/2007 8:23:07 PM 
 I use Elliott Wave in my trading strategy.
 
 To identify Elliott Wave turning points I utilize Profitsource:
 
 
 
 It identifies all 123.... and ABC points for you.
 
 My basic strategy is this:
 (1) Scan your Watchlist for stocks resting on a trend line or a Fibonacci line of support. (see my prior thread on how to find strong stocks  in Investors Business Daily and Vector Vest to create watchlist.  email me and I can tell you what program to use to automatically scan for Fib lines and trendlines).
 
 (2) View the resulting symbols in Profitsource to see which stocks are at a Elliott Wave turning point.
 
 (3) Analyze the resulting list to check for a 1 day change in PUT/CALL Open Interest Ratio to see where the "sentiment is".
 
 (4) I only trade when stock has moved passed my midpoint (or pivot point) and when overall market and my symbol sector are moving in my trade direction. I use cool-trade for this by writing algorithm to check for these conditions.
 
 Very sophisticated, comprehensive but SURE trade that guarantees wins.
 
 Cheers!!!
 
 
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| jbrtrader 32 posts
 msg #56937
 - Ignore jbrtrader
 | 11/22/2007 2:18:59 AM 
 Here is a basic one that brings up a few nice wave patterns.I find it usually picks up at the A or C wave of 2's and 4's.Might be able to tweak it to your time frame.Nice thread,hope to see more input!
 
 EWAVE: Show stocks where Close gained more than 20 percent over the last 30 days
 and price closed below the DMA(7,+5)
 and Average Volume(90) is above 150000
 and close is between 5 and 50
 
 
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| SFMc01 358 posts
 msg #56946
 - Ignore SFMc01
 | 11/22/2007 2:57:26 PM 
 danglin; how do I email you in order to ask questions like what program you use for fib lines?
 
 Thanks ... Steve     SFMc01@aol.com
 
 
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| danglin 37 posts
 msg #56965
 - Ignore danglin
 | 11/24/2007 7:20:56 PM 
 danglin462@aol.com
 
 
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| dangreene 229 posts
 msg #56981
 - Ignore dangreene
 | 11/25/2007 12:19:40 PM 
 http://www.ddmachine.com/
 
 For Fib and Pivot point calcs, Click on "calculators" tab
 
 
 
 
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| jbrtrader 32 posts
 msg #57103
 - Ignore jbrtrader
 | 11/28/2007 3:07:54 PM 
 danglin,
 That software your using looks interesting,wondering if you could tell us what its reading for the QID?Thanks
 
 
 
 
 
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| moqual 38 posts
 msg #57106
 - Ignore moqual
 modified
 | 11/28/2007 3:47:49 PM 
 I believe that after today's huge 300+ point rally, the DJIA is tracing out the 4th wave of a 5 wave decline that began at the October 11th high.
 
 
 Danglin,
 Does your software agree?
 
 
 
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| jbrtrader 32 posts
 msg #57122
 - Ignore jbrtrader
 | 11/28/2007 5:22:14 PM 
 moqual,
 With that count, I'm assuming that your expecting some form of alternation to form here for wave 4.One thing I see that could negate that count would be a violation into 13,400 or higher,then the overlap comes into the picture.An alternate looks like a completed a,b,c wave from the Oct high with the c leg measuring very close to a nice 1.618 of wave a.
 
 
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