This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

XAO Technical Analysis

Jump to new
Re: XAO Analysis

Other international indexes are up too... it must be some global news...

DJ up some 50pts then back down just as quick
 
Re: XAO Analysis

Tech/A...

"trade the long-term trend and not the noise"....

its been friggin noisy for the past 9 Weeks


Premium Report:-

"4852 is the trend guide today...above 4852 then the expectation is double R44 range upwards = 87 points"


That's why there was a 'spike' up, the SPI is just doing it's usual Primary Trend rotations within the daily timeframes.

Thank god for the noise......
 

Attachments

  • spi9-10z.gif
    13.3 KB · Views: 1
Re: XAO Analysis

sam76 said:
That chart looks like a cross between snakes and pacman.
Click to expand...

I was thinking it looked more like some of my electronic circuit diagrams - just need to add a couple of transistors somewhere then it would make a good astable oscillator
 
Re: XAO Analysis

motorway said:
Hey Whiskers ,, does it matter what elliot's waves are doing ?
Click to expand...

Hi motorway.

Well, it's just that EW seemed to come to me like second nature. I think it's making me much better at finding my short term price range/swings on trades... as well as the market.

But I'm still working on my P&F.


I can see and understand what you say here.

Objectivity v subjectivity... that's the issue. I'm gonna have a go at porper about that now.

Porper said:
Whiskers,

The first wave against the trend is wave A.
Click to expand...

Yeah.

So basically move your labelling to the left and you will find your wave d becomes wave e.
Click to expand...

Oh yeah, why would I want to do that. The minute count doesn't work then.

So any break of your lower trend line is very bearish.
Click to expand...

Ha, ha... I thought so. :

I am not saying that is where we are going, just that your triangle following E.Wave theory should break to the downside, not up. Hope this helps.
Click to expand...

Only if you still think the trend is down. I reckon we have had a clear trend reversal for wave i and wave ii is the triangle which will break up.

This was sourced from the beginners guide for cynics which I have just sent to Kennas
Click to expand...

Oh dear, mate... oh well, more market noise to confuse the sceptics.
 
Re: XAO Analysis

Whiskers said:
Only if you still think the trend is down. I reckon we have had a clear trend reversal for wave i and wave ii is the triangle which will break up.



.
Click to expand...

Whiskers,

I gave you the benefit of the doubt before concerning your cocky attitude.

You asked an opinion on the E.Wave triangle, I gave you mine in good faith.

You now act as if you are some sort of expert,trying to laugh off any help.
I suggest you learn the basics of Elliot Wave before advocating you are an elliotician.

A second wave triangle eh

I'll give you a clue.This is a rule of Elliot Wave...................

"Wave 2 may be any corrective pattern except a Triangle."
 
Re: XAO Analysis

Whiskers said:
Wave 2 may be any corrective pattern except a Triangle.
Oh dear, mate... oh well, more market noise to confuse the sceptics.
Click to expand...


And before you try and worm your way out of it Whiskers by saying your triangle is a wave B, forget it.That isn't how you meant it or labelled it.

Have a good evening.
 
Re: XAO Analysis

Porper mate, keep ya shirt on eh.

I know one fundamental rule of any analysis... well two actually... oh, what the hell, make it three.
  1. One should not analyise when emotional.
  2. One must keep an open mind.
  3. One must have an eye for detail.

You called it wave '2', mate, not me... I called it 'ii'.

By definition wave 'ii' is a wave 'b'.

I've drawn an illustration to show more clearly. A triangle can appear as minute wave ii of iii which could make 1 of 5 impulse or diag triangle.

It may unfold to be wave ii of iii which could make 1 of 3, or (1) or even (a).

There are a number of possibilities, but in any case it's normal to start with the lower wave counts and add the higher counts as they come apparent.
 

Attachments

  • XAO Triangle.jpg
    59.5 KB · Views: 4
Re: XAO Analysis

I think it depends on where they start their count from or something like that...
 
Re: XAO Analysis

white_goodman said:
how can elliot wavers have two totally opposite analysis?
Click to expand...

Because EW in real time is not a science, it's a hypothesis. You analyze based on assumptions which may prove to be correct or false as time and market action unfolds.

Then, you change the count in retrospect and shout about how right you got it. :
 
Re: XAO Analysis

WGoodman,

It is easy how different theoreticians can come up with different analysis. When looking at what Whiskers wrote, it makes perfect sense....

can appear as minute wave ii of iii which could make 1 of 5 impulse
Click to expand...
It may unfold to be wave ii of iii which could make 1 of 3, or (1) or even (a)
Click to expand...

There are a number of possibilities
Click to expand...

Remember it is called Elliott Wave THEORY, not Elliott Wave Fact.

EW is OK after the fact, but not a very good tool for prediction with an accuracy record you can statistically analyse. You can work out that past 3rd waves have a r/r of say 8/1.

However you think you are buying a third of a 3rd, but later it turns out to be a, ii of b, in the cycle low extra x blah blah blah, therefore what you put your money on was not the setup you had studied.

brty
 
Re: XAO Analysis

Whiskers said:
By definition wave 'ii' is a wave 'b'..
Click to expand...
Really, well I didn't know wave "ii" was a wave B, thanks for that Whiskers, highly entertaining.

Whiskers said:
I've drawn an illustration to show more clearly...
Click to expand...
No comment I could go on but wasting my breath.
As I stated a couple of posts ago, you didn't label it as a wave B and you never meant it to be as well as you know.

Anyway enough from me, you know best Whiskers, have fun.

Suffice to say this is the exact reason that Elliot Wave has a bad reputation.Lack of understanding.
 
Re: XAO Analysis

how can elliot wavers have two totally opposite analysis?
Click to expand...

And you think fundamentals are any better? here is the Broker Consensus for NAB. Let's think about that:

1. Its one of the biggest stocks
2. Banking analysts ONLY live, breathe and analyze banks
3. They're all paid > $300k

 
Re: XAO Analysis

Nick Radge said:
And you think fundamentals are any better? here is the Broker Consensus for NAB. Let's think about that:

1. Its one of the biggest stocks
2. Banking analysts ONLY live, breathe and analyze banks
3. They're all paid > $300k
Click to expand...

For some reason, I couldn't make head nor tails of those expert recommendations, so I tried looking at them from a different viewpoint and suddenly they became crystal clear...
 

Attachments

  • Analysts 01.jpg
    40.8 KB · Views: 173
Re: XAO Analysis

Aussiejeff said:
For some reason, I couldn't make head nor tails of those expert recommendations, so I tried looking at them from a different viewpoint and suddenly they became crystal clear...
Click to expand...

To be honest, it made more sense to me when rotated sideways
 

Attachments

  • analyst finger.JPG
    21.5 KB · Views: 161
You must log in or register to reply here.

Similar threads

What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
Ryan's Trading Journal (F/A+T/A Strategy)
6 7 8
Replies
141
Views
34K
aus_trader
DangInvestor.com - Business Analysis and Value Investing Software
Replies
9
Views
5K
luutzu
Pixel's Picks - potential trend reversals off the bottom
2
Replies
22
Views
15K
pixel
The Beginner Trader's Manual Guide
Replies
9
Views
20K
commoyo
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...